# Contents
Concentra
Fund Assets in %
25 
|  |  |  | 14.4 | 13.9 |  |  | 13.9 14.3 |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | 10.2 10.4	10.7 9.1	9.8 10.6 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.5 |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.9 | 1.0 | 0.6 | 1.0 |

20	19.1 19.0
15
10
5
0
16.3 17.1
| Information | Financial | Industrials	Consumer  Healthcare | Communi- | Basic | Basic | Real | Fund units | Cash |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| technology | services | cyclical | cations | commo- | consumer | estate |  | reserves, |
|  | provider |  | services | dities | goods |  |  | other |
|  |  |  |  |  |  |  |  | assets |

| Development of net assets and | unit value in a 3-year comparison |  |
| --- | --- | --- |
|  |  | 30/06/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 |
| Net assets in EUR m |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 500/ISIN: DE0008475005 | 2,455.2 | 2,349.3 | 2,159.1 | 1,777.6 |
| - Unit class IT (EUR) | WKN: 979 752/ISIN: DE0009797522 | 0.7 | 2.0 | 31.5 | 0.2 |
| - Unit class P (EUR) | WKN: 979 755/ISIN: DE0009797555 | 15.6 | 10.5 | 2.6 | 0.8 |
| Unit value in EUR |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 500/ISIN: DE0008475005 | 148.19 | 137.67 | 123.83 | 97.60 |
| - Unit class IT (EUR) | WKN: 979 752/ISIN: DE0009797522 | 2,596.88 | 2,402.51 | 2,141.81 | 1,669.34 |
| - Unit class P (EUR) | WKN: 979 755/ISIN: DE0009797555 | 1,701.65 | 1,580.58 | 1,421.87 | 1,117.45 |

| Asset overview at 30/06/2021 |  |
| --- | --- |
| Breakdown by asset category – country | Market value in EUR | % of net assets  *) |  | Breakdown by asset category – currency | Market value in EUR | % of net assets  *) |
| I. Assets |  |  |  | I. Assets |  |  |
| 1. Equities | 2,418,437,805.07 | 97.87 |  | 1. Equities | 2,418,437,805.07 | 97.87 |
| Germany | 2,230,180,168.53 | 90.25 |  | CHF | 34,950,344.61 | 1.42 |
| France | 23,568,059.52 | 0.95 |  | DKK | 18,032,828.76 | 0.73 |
| The Netherlands | 63,174,816.70 | 2.56 |  | EUR | 2,365,454,631.70 | 95.72 |
| Ireland | 48,531,586.95 | 1.96 |  | 2. Investment units | 44,561,769.60 | 1.80 |
| Denmark | 18,032,828.76 | 0.73 |  | EUR | 44,561,769.60 | 1.80 |
| Switzerland | 34,950,344.61 | 1.42 |  | 3. Bank deposits, money market | 11,164,743.69 | 0.45 |
| 2. Investment units | 44,561,769.60 | 1.80 |  | instruments, money market funds and |  |  |
| Luxembourg | 44,561,769.60 | 1.80 |  | money market-related funds |  |  |
| 3. Bank deposits, money market | 11,164,743.69 | 0.45 |  | 4. Other assets | 1,125,666.61 | 0.04 |
| instruments, money market funds and |  |  |  | II. Liabilities | -3,764,420.44 | -0.16 |

| money market-related funds |  |
| --- | --- |
| 4. Other assets | 1,125,666.61 | 0.04 |
| II. Liabilities | -3,764,420.44 | -0.16 |
| III. Fund assets | 2,471,525,564.53 | 100.00 |

III. Fund assets	2,471,525,564.53	100.00
*) 
Minor rounding differences may be the result of percentage rounding during the calculation.
Investment portfolio at 30/06/2021
ISIN	Securities	Market	Shares/	Balance  Purchases  Redemptions	Price	Market value	% of net
Units/	30/06/2021	in EUR	assets
Currency	in the period under review
Exchange-traded securities	2,393,475,882.47	96.86
| Equities |  |  |  |  |  |  | 2,393,475,882.47 | 96.86 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Germany |  |  |  |  |  |  | 2,205,218,245.93 | 89.24 |
| DE000A1EWWW0 | adidas AG Namens-Aktien | SHS | 409,327 | 0 | 0 EUR | 314.400 | 128,692,408.80 | 5.22 |
| DE0008404005 | Allianz SE vink.Namens-Aktien | SHS | 501,293 | 0 | 0 EUR | 209.400 | 104,970,754.20 | 4.25 |
| DE000BASF111 | BASF SE Namens-Aktien | SHS | 301,955 | 0 | 0 EUR | 65.920 | 19,904,873.60 | 0.81 |
| DE000A1DAHH0 | Brenntag SE Namens-Aktien | SHS | 267,577 | 0 | 67,034 EUR | 78.340 | 20,961,982.18 | 0.85 |
| DE0005419105 | CANCOM SE Inhaber-Aktien | SHS | 232,701 | 0 | 0 EUR | 50.860 | 11,835,172.86 | 0.48 |
| DE0005439004 | Continental AG Inhaber-Aktien | SHS | 582,287 | 0 | 0 EUR | 124.260 | 72,354,982.62 | 2.93 |
| DE0006062144 | Covestro AG Inhaber-Aktien | SHS | 521,954 | 0 | 212,951 EUR | 54.080 | 28,227,272.32 | 1.14 |
| DE0005810055 | Deutsche Börse AG Namens-Aktien | SHS | 794,013 | 0 | 0 EUR | 147.950 | 117,474,223.35 | 4.75 |
| DE0005552004 | Deutsche Post AG Namens-Aktien | SHS | 1,417,301 | 0 | 0 EUR | 57.900 | 82,061,727.90 | 3.32 |
| DE0005664809 | Evotec SE Inhaber-Aktien | SHS | 1,371,958 | 0 | 210,110 EUR | 38.400 | 52,683,187.20 | 2.13 |
| DE0005772206 | Fielmann AG Inhaber-Aktien | SHS | 207,328 | 0 | 0 EUR | 65.650 | 13,611,083.20 | 0.55 |
| DE0005785604 | Fresenius SE & Co. KGaA Inhaber-Stammaktien | SHS | 1,950,851 | 0 | 0 EUR | 43.710 | 85,271,697.21 | 3.45 |
| DE0005790430 | FUCHS PETROLUB SE Inhaber-Vorzugsaktien | SHS | 541,600 | 0 | 78,241 EUR | 40.960 | 22,183,936.00 | 0.90 |
| DE0008402215 | Hannover Rück SE Namens-Aktien | SHS | 139,967 | 0 | 0 EUR | 141.100 | 19,749,343.70 | 0.80 |
| DE000A13SX22 | HELLA GmbH & Co. KGaA Inhaber-Aktien | SHS | 585,931 | 0 | 0 EUR | 56.740 | 33,245,724.94 | 1.35 |
| DE000A161408 | HelloFresh SE Inhaber-Aktien | SHS | 27,237 | 27,237 | 0 EUR | 82.680 | 2,251,955.16 | 0.09 |
| DE0006048432 | Henkel AG & Co. KGaA Inhaber-Vorzugsaktien | SHS | 503,725 | 0 | 140,378 EUR | 88.860 | 44,761,003.50 | 1.81 |
| DE0005493365 | Hypoport SE Namens-Aktien | SHS | 50,488 | 3,000 | 0 EUR | 437.000 | 22,063,256.00 | 0.89 |
| DE0006231004 | Infineon Technologies AG Namens-Aktien | SHS | 6,381,290 | 0 | 762,153 EUR | 34.090 | 217,538,176.10 | 8.81 |
| DE000KGX8881 | KION GROUP AG Inhaber-Aktien | SHS | 516,712 | 0 | 0 EUR | 89.580 | 46,287,060.96 | 1.87 |
| DE0006335003 | KRONES AG Inhaber-Aktien | SHS | 226,452 | 0 | 0 EUR | 76.100 | 17,232,997.20 | 0.70 |
| DE0006599905 | Merck KGaA Inhaber-Aktien | SHS | 409,060 | 0 | 0 EUR | 161.300 | 65,981,378.00 | 2.67 |
| DE000A0D9PT0 DE0008430026 | MTU Aero Engines AG Namens-Aktien Münchener Rückvers.-Ges. AG | SHS | 319,970 | 0 | 0 EUR | 205.000 | 65,593,850.00 | 2.65 |
|  | vink.Namens-Aktien | SHS | 338,449 | 0 | 0 EUR | 230.800 | 78,114,029.20 | 3.16 |
| DE0006452907 | Nemetschek SE Inhaber-Aktien | SHS | 469,959 | 119,689 | 0 EUR | 64.940 | 30,519,137.46 | 1.23 |
| DE000NWRK013 | New Work SE Namens-Aktien | SHS | 36,533 | 0 | 0 EUR | 265.500 | 9,699,511.50 | 0.39 |
| DE000A1H8BV3 | NORMA Group SE Namens-Aktien | SHS | 517,237 | 0 | 133,667 EUR | 43.280 | 22,386,017.36 | 0.91 |
| DE0006916604 | Pfeiffer Vacuum Technology AG Inhaber-Aktien | SHS | 168,183 | 0 | 6,000 EUR | 160.000 | 26,909,280.00 | 1.09 |
| DE0007010803 | RATIONAL AG Inhaber-Aktien | SHS | 18,103 | 0 | 0 EUR | 764.200 | 13,834,312.60 | 0.56 |
| DE0007164600 | SAP SE Inhaber-Aktien | SHS | 1,558,534 | 0 | 0 EUR | 119.320 | 185,964,276.88 | 7.53 |
| DE0007165631 | Sartorius AG Vorzugsaktien | SHS | 117,466 | 0 | 63,271 EUR | 443.100 | 52,049,184.60 | 2.11 |
| DE000A12DM80 | Scout24 AG Namens-Aktien | SHS | 995,480 | 0 | 0 EUR | 71.060 | 70,738,808.80 | 2.86 |
| DE0007236101 | Siemens AG Namens-Aktien | SHS | 773,152 | 0 | 0 EUR | 133.040 | 102,860,142.08 | 4.16 |
| DE0007493991 | Ströer SE & Co. KGaA Inhaber-Aktien | SHS | 1,431,096 | 0 | 0 EUR | 66.650 | 95,382,548.40 | 3.86 |
| DE000SYM9999 | Symrise AG Inhaber-Aktien | SHS | 552,212 | 0 | 32,238 EUR | 117.900 | 65,105,794.80 | 2.63 |
| DE0007446007 | TAKKT AG Inhaber-Aktien | SHS | 548,725 | 0 | 411,183 EUR | 14.000 | 7,682,150.00 | 0.31 |
| DE0005089031 | United Internet AG Namens-Aktien | SHS | 1,413,190 | 0 | 298,199 EUR | 34.190 | 48,316,966.10 | 1.95 |
| DE000WCH8881 | Wacker Chemie AG Inhaber-Aktien | SHS | 177,052 | 0 | 141,041 EUR | 128.550 | 22,760,034.60 | 0.92 |
| DE000ZAL1111 | Zalando SE Inhaber-Aktien | SHS | 764,669 | 0 | 100,457 EUR | 101.950 | 77,958,004.55 | 3.15 |
| France |  |  |  |  |  |  | 23,568,059.52 | 0.95 |
| FR0011981968 | Worldline S.A. Actions Port. | SHS | 299,391 | 0 | 0 EUR | 78.720 | 23,568,059.52 | 0.95 |
| The Netherlands |  |  |  |  |  |  | 63,174,816.70 | 2.56 |
| NL0000009827 NL0012044747 | Koninklijke DSM N.V. Aandelen aan toonder Shop Apotheke Europe N.V. | SHS | 354,939 | 45,858 | 0 EUR | 157.300 | 55,831,904.70 | 2.26 |
|  | Aandelen aan toonder | SHS | 46,240 | 46,240 | 0 EUR | 158.800 | 7,342,912.00 | 0.30 |
| Ireland |  |  |  |  |  |  | 48,531,586.95 | 1.96 |
| IE00BZ12WP82 | Linde PLC Reg.Shares | SHS | 200,089 | 200,089 | 0 EUR | 242.550 | 48,531,586.95 | 1.96 |
| Denmark |  |  |  |  |  |  | 18,032,828.76 | 0.73 |
| DK0060094928 | Orsted A/S Indehaver Aktier | SHS | 151,794 | 151,794 | 0 DKK | 883.400 | 18,032,828.76 | 0.73 |
| Switzerland |  |  |  |  |  |  | 34,950,344.61 | 1.42 |
| CH0210483332 | Cie Financière Richemont AG Namens-Aktien | SHS | 106,149 | 106,149 | 0 CHF | 112.100 | 10,845,153.94 | 0.44 |
| CH0030170408 | Geberit AG Namens-Aktien (Dispost.) | SHS | 37,697 | 0 | 6,953 CHF | 701.600 | 24,105,190.67 | 0.98 |
| Securities admitted to or included in regulated markets |  |  |  |  |  | 24,961,922.60 | 1.01 |
| Equities |  |  |  |  |  | 24,961,922.60 | 1.01 |
| Germany |  |  |  |  |  | 24,961,922.60 | 1.01 |
| DE000A2YPDD0	VIB Vermögen AG Namens-Aktien | SHS | 691,466 | 0 | 34,345 EUR | 36.100 | 24,961,922.60 | 1.01 |
| Securities fund units |  |  |  |  |  | 44,561,769.60 | 1.80 |
| Group investment fund units |  |  |  |  |  | 44,561,769.60 | 1.80 |
| Luxembourg |  |  |  |  |  | 44,561,769.60 | 1.80 |
| LU1883297647	AGIF-A.German Sm.+ Micro |  |  |  |  |  |  |  |
| Cap Inhaber-Anteile Acc. | UNT | 219 | 0 | 0 EUR | 203,478.400 | 44,561,769.60 | 1.80 |

Investment portfolio at 30/06/2021
ISIN	Securities	Market	Shares/	Balance  Purchases  Redemptions	Price	Market value	% of net
Units/	30/06/2021	in EUR	assets
Currency	in the period under review
| Total securities | EUR |  | 2,462,999,574.67 | 99.67 |
| --- | --- | --- | --- | --- |
| Bank deposits, money market instruments, money market funds and money market-related funds |  |  |  |  |
| Bank deposits |  |  |  |  |
| EUR deposits with custodial office |  |  |  |  |
| State Street Bank International GmbH	EUR	 11,164,743.69 | % | 100.000 | 11,164,743.69 | 0.45 |
| Total bank deposits | EUR |  | 11,164,743.69 | 0.45 |
| Total of bank deposits, money market instruments, money market funds and money market-related funds  30) | EUR |  | 11,164,743.69 | 0.45 |
| Other assets |  |  |  |  |
| Accrued dividends	EUR	296,030.75 |  |  | 296,030.75 | 0.01 |
| Receivables from unit transactions	EUR	256,240.49 |  |  | 256,240.49 | 0.01 |
| Receivables from securities transactions	EUR	0.01 |  |  | 0.01 | 0.00 |
| Receivables from withholding tax refunds	EUR	573,395.36 |  |  | 573,395.36 | 0.02 |
| Total other assets | EUR |  | 1,125,666.61 | 0.04 |
| Other payables |  |  |  |  |
| Liabilities from unit transactions	EUR	-166,189.67 |  |  | -166,189.67 | -0.01 |
| Accruals	EUR	-3,598,230.77 |  |  | -3,598,230.77 | -0.15 |
| Total other payables | EUR |  | -3,764,420.44 | -0.16 |
| Fund assets | EUR |  | 2,471,525,564.53 | 100.00 |
| Total units in circulation of all unit classes | SHS |  | 16,577,602 |  |

30) 
Cash initial margins may be included in bank deposits.
| Concentra A (EUR) |  |
| --- | --- |
| ISIN | DE0008475005 |
| Fund assets | 2,455,222,436.39 |
| Units in circulation | 16,568,172.417 |
| Unit value | 148.19 |
| Concentra IT (EUR) |  |
| ISIN | DE0009797522 |
| Fund assets | 748,316.62 |
| Units in circulation | 288.160 |
| Unit value | 2,596.88 |
| Concentra P (EUR) |  |
| ISIN | DE0009797555 |
| Fund assets | 15,554,811.52 |
| Units in circulation | 9,141.027 |
| Unit value | 1,701.65 |

Securities prices/market rates
Fund assets were valued on the basis of the following prices/market rates:
All assets: prices/market rates as at 30/06/2021 or last known
Additional information on valuations
The valuation is conducted by the Custodian in cooperation with the Company.
Equities, subscription rights, exchange-traded funds (ETFs), participation certificates, bonds and exchange-traded derivatives are valued at their market price, provided that a market price is available.
Bonds for which no market price is available are valued at validated broker prices or with the help of regularly reviewed models and on the basis of relevant market information.
Participation certificates for which no market prices are available are valued at the mean of the bid-ask-spread.
Derivatives and subscription rights which are not traded on the market are valued with the help of regularly reviewed models and on the basis of relevant market information.
Investment fund units are valued at the redemption price published by the relevant investment company.
Bank deposits and other assets are valued at their nominal value, term deposits at their current value and liabilities at the repayment value.
Unlisted equities and shareholdings are valued at the current value, which is carefully determined with the help of suitable valuation models, taking account of the current market situation.
The methods used to value the Fund factor in the market effects resulting from the COVID-19 pandemic. No further adjustments were necessary at the time of preparation of the semi-annual report.
The investments reported in this semi-annual report, amounting to 99.67% of fund assets, are valued at stock market trading prices or market prices and 0.00% at imputed current market values and/or verified brokers’ quotations. The remaining 0.33% of fund assets consists of other assets, other liabilities and cash.
Exchange rate(s) and/or conversion factor(s) (indirect quotation) as at 30/06/2021
| Denmark, Krone | (DKK) | 1 Euro = DKK | 7.43615 |
| --- | --- | --- | --- |
| Switzerland, Franc | (CHF) | 1 Euro = CHF | 1.09720 |
| Capital measures |  |  |  |

All sales revenues resulting from capital measures (technical revenues) are reported as additions or disposals.
Voting
To the extent it was deemed to be in our investors’ interest, we either exercised ourselves or had our agents exercise, in accordance with our instructions, voting rights for equities held by the Fund.
Transactions carried out during the reporting period no longer listed in the investment portfolio
– purchases and redemptions of securities, fund units and borrower’s note loans (market allocations as per reporting date):
ISIN	Securities	Shares/	Purchases	Redemptions Units/
Currency
| Exchange-traded securities Equities Germany |  |
| --- | --- |
| DE0005407100	CENIT AG Inhaber-Aktien | SHS | 0 | 162,261 |
| Unlisted securities |  |  |  |
| Other securities |  |  |  |
| Germany |  |  |  |
| DE000A3H3LR9	Scout24 AG Inhaber-Andienungsrrechte | SHS | 995,480 | 995,480 |

Information on target funds
Front-end loads and/or redemption fees were not charged or not paid. Management fee
AGIF-A.German Sm.+ Micro Cap Inhaber-Anteile Acc.	0.45% p.a.

Translation (ENDE, 2021-06-30):
# Inhalt
Concentra
Entwicklung von Fondsvermögen und Anteilwert im
Struktur des Fondsvermögens in %
25 
|  |  |  | 14,4 | 13,9 |  |  | 13,9 14,3 |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | 10,2 10,4	10,7 9,1	9,8 10,6 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,5 |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0,9 | 1,0 | 0,6 | 1,0 |

20	19,1 19,0
15
10
5
0
16,3 17,1
| Informati- | Finanz- | Industrie | Konsum | Gesund-	Kommuni- | Grund- | Basiskon- | Immobilien | Invest- | Barre- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| onstechno- | dienstleis- |  | zyklisch | heitswesen	kations- | stoffe | sumgüter |  | mentan- | serve, |
| logie | ter |  |  | dienste |  |  |  | teile | Sonstiges |

| Entwicklung von Fondsvermögen und Anteilwert im 3-Jahresvergleich |  |
| --- | --- |
|  | 30.06.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 |
| Fondsvermögen in Mio. EUR |  |  |  |  |
| - Anteilklasse A (EUR)	WKN: 847 500/ISIN: DE0008475005 | 2.455,2 | 2.349,3 | 2.159,1 | 1.777,6 |
| - Anteilklasse IT (EUR)	WKN: 979 752/ISIN: DE0009797522 | 0,7 | 2,0 | 31,5 | 0,2 |
| - Anteilklasse P (EUR)	WKN: 979 755/ISIN: DE0009797555 | 15,6 | 10,5 | 2,6 | 0,8 |
| Anteilwert in EUR |  |  |  |  |
| - Anteilklasse A (EUR)	WKN: 847 500/ISIN: DE0008475005 | 148,19 | 137,67 | 123,83 | 97,60 |
| - Anteilklasse IT (EUR)	WKN: 979 752/ISIN: DE0009797522 | 2.596,88 | 2.402,51 | 2.141,81 | 1.669,34 |
| - Anteilklasse P (EUR)	WKN: 979 755/ISIN: DE0009797555 | 1.701,65 | 1.580,58 | 1.421,87 | 1.117,45 |

| Vermögensübersicht zum 30.06.2021 |  |
| --- | --- |
| Gliederung nach Anlagenart - Land | Kurswert in EUR | % des Fonds- vermögens  *) |  | Gliederung nach Anlagenart - Währung | Kurswert in EUR | % des Fonds- vermögens  *) |
| I. Vermögensgegenstände |  |  |  | I. Vermögensgegenstände |  |  |
| 1. Aktien | 2.418.437.805,07 | 97,87 |  | 1. Aktien | 2.418.437.805,07 | 97,87 |
| Deutschland | 2.230.180.168,53 | 90,25 |  | CHF | 34.950.344,61 | 1,42 |
| Frankreich | 23.568.059,52 | 0,95 |  | DKK | 18.032.828,76 | 0,73 |
| Niederlande | 63.174.816,70 | 2,56 |  | EUR | 2.365.454.631,70 | 95,72 |
| Irland | 48.531.586,95 | 1,96 |  | 2. Investmentanteile | 44.561.769,60 | 1,80 |
| Dänemark | 18.032.828,76 | 0,73 |  | EUR | 44.561.769,60 | 1,80 |
| Schweiz | 34.950.344,61 | 1,42 |  | 3. Bankguthaben, Geldmarktpapiere, | 11.164.743,69 | 0,45 |
| 2. Investmentanteile | 44.561.769,60 | 1,80 |  | Geldmarkt- und geldmarktnahe Fonds |  |  |
| Luxemburg | 44.561.769,60 | 1,80 |  | 4. Sonstige Vermögensgegenstände | 1.125.666,61 | 0,04 |

- Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds11.164.743,69	0,45II. Verbindlichkeiten	-3.764.420,44	-0,16III. Fondsvermögen	2.471.525.564,53	100,00
- Sonstige Vermögensgegenstände	1.125.666,61	0,04II. Verbindlichkeiten	-3.764.420,44	-0,16III. Fondsvermögen	2.471.525.564,53	100,00*) Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Run- dungsdifferenzen entstanden sein.

| Vermögensaufstellung zum 30.06.2021 |
| --- |
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. | Bestand | Käufe/	Verkäufe/ | Kurs | Kurswert | % des |
| Börsengehandelte Wertpapiere |  | Anteile bzw. Währung | 30.06.2021 | Zugänge	Abgänge im Berichtszeitraum |  | in EUR 2.393.475.882,47 | Fondsver- mögens 96,86 |
| Aktien |  |  |  |  |  |  | 2.393.475.882,47 | 96,86 |
| Deutschland |  |  |  |  |  |  | 2.205.218.245,93 | 89,24 |
| DE000A1EWWW0 | adidas AG Namens-Aktien | STK | 409.327 | 0 | 0 EUR | 314,400 | 128.692.408,80 | 5,22 |
| DE0008404005 | Allianz SE vink.Namens-Aktien | STK | 501.293 | 0 | 0 EUR | 209,400 | 104.970.754,20 | 4,25 |
| DE000BASF111 | BASF SE Namens-Aktien | STK | 301.955 | 0 | 0 EUR | 65,920 | 19.904.873,60 | 0,81 |
| DE000A1DAHH0 | Brenntag SE Namens-Aktien | STK | 267.577 | 0 | 67.034 EUR | 78,340 | 20.961.982,18 | 0,85 |
| DE0005419105 | CANCOM SE Inhaber-Aktien | STK | 232.701 | 0 | 0 EUR | 50,860 | 11.835.172,86 | 0,48 |
| DE0005439004 | Continental AG Inhaber-Aktien | STK | 582.287 | 0 | 0 EUR | 124,260 | 72.354.982,62 | 2,93 |
| DE0006062144 | Covestro AG Inhaber-Aktien | STK | 521.954 | 0 | 212.951 EUR | 54,080 | 28.227.272,32 | 1,14 |
| DE0005810055 | Deutsche Börse AG Namens-Aktien | STK | 794.013 | 0 | 0 EUR | 147,950 | 117.474.223,35 | 4,75 |
| DE0005552004 | Deutsche Post AG Namens-Aktien | STK | 1.417.301 | 0 | 0 EUR | 57,900 | 82.061.727,90 | 3,32 |
| DE0005664809 | Evotec SE Inhaber-Aktien | STK | 1.371.958 | 0 | 210.110 EUR | 38,400 | 52.683.187,20 | 2,13 |
| DE0005772206 | Fielmann AG Inhaber-Aktien | STK | 207.328 | 0 | 0 EUR | 65,650 | 13.611.083,20 | 0,55 |
| DE0005785604 | Fresenius SE & Co. KGaA Inhaber-Stammaktien | STK | 1.950.851 | 0 | 0 EUR | 43,710 | 85.271.697,21 | 3,45 |
| DE0005790430 | FUCHS PETROLUB SE Inhaber-Vorzugsaktien | STK | 541.600 | 0 | 78.241 EUR | 40,960 | 22.183.936,00 | 0,90 |
| DE0008402215 | Hannover Rück SE Namens-Aktien | STK | 139.967 | 0 | 0 EUR | 141,100 | 19.749.343,70 | 0,80 |
| DE000A13SX22 | HELLA GmbH & Co. KGaA Inhaber-Aktien | STK | 585.931 | 0 | 0 EUR | 56,740 | 33.245.724,94 | 1,35 |
| DE000A161408 | HelloFresh SE Inhaber-Aktien | STK | 27.237 | 27.237 | 0 EUR | 82,680 | 2.251.955,16 | 0,09 |
| DE0006048432 | Henkel AG & Co. KGaA Inhaber-Vorzugsaktien | STK | 503.725 | 0 | 140.378 EUR | 88,860 | 44.761.003,50 | 1,81 |
| DE0005493365 | Hypoport SE Namens-Aktien | STK | 50.488 | 3.000 | 0 EUR | 437,000 | 22.063.256,00 | 0,89 |
| DE0006231004 | Infineon Technologies AG Namens-Aktien | STK | 6.381.290 | 0 | 762.153 EUR | 34,090 | 217.538.176,10 | 8,81 |
| DE000KGX8881 | KION GROUP AG Inhaber-Aktien | STK | 516.712 | 0 | 0 EUR | 89,580 | 46.287.060,96 | 1,87 |
| DE0006335003 | KRONES AG Inhaber-Aktien | STK | 226.452 | 0 | 0 EUR | 76,100 | 17.232.997,20 | 0,70 |
| DE0006599905 | Merck KGaA Inhaber-Aktien | STK | 409.060 | 0 | 0 EUR | 161,300 | 65.981.378,00 | 2,67 |
| DE000A0D9PT0 DE0008430026 | MTU Aero Engines AG Namens-Aktien Münchener Rückvers.-Ges. AG | STK | 319.970 | 0 | 0 EUR | 205,000 | 65.593.850,00 | 2,65 |
|  | vink.Namens-Aktien | STK | 338.449 | 0 | 0 EUR | 230,800 | 78.114.029,20 | 3,16 |
| DE0006452907 | Nemetschek SE Inhaber-Aktien | STK | 469.959 | 119.689 | 0 EUR | 64,940 | 30.519.137,46 | 1,23 |
| DE000NWRK013 | New Work SE Namens-Aktien | STK | 36.533 | 0 | 0 EUR | 265,500 | 9.699.511,50 | 0,39 |
| DE000A1H8BV3 | NORMA Group SE Namens-Aktien | STK | 517.237 | 0 | 133.667 EUR | 43,280 | 22.386.017,36 | 0,91 |
| DE0006916604 | Pfeiffer Vacuum Technology AG Inhaber-Aktien | STK | 168.183 | 0 | 6.000 EUR | 160,000 | 26.909.280,00 | 1,09 |
| DE0007010803 | RATIONAL AG Inhaber-Aktien | STK | 18.103 | 0 | 0 EUR | 764,200 | 13.834.312,60 | 0,56 |
| DE0007164600 | SAP SE Inhaber-Aktien | STK | 1.558.534 | 0 | 0 EUR | 119,320 | 185.964.276,88 | 7,53 |
| DE0007165631 | Sartorius AG Vorzugsaktien | STK | 117.466 | 0 | 63.271 EUR | 443,100 | 52.049.184,60 | 2,11 |
| DE000A12DM80 | Scout24 AG Namens-Aktien | STK | 995.480 | 0 | 0 EUR | 71,060 | 70.738.808,80 | 2,86 |
| DE0007236101 | Siemens AG Namens-Aktien | STK | 773.152 | 0 | 0 EUR | 133,040 | 102.860.142,08 | 4,16 |
| DE0007493991 | Ströer SE & Co. KGaA Inhaber-Aktien | STK | 1.431.096 | 0 | 0 EUR | 66,650 | 95.382.548,40 | 3,86 |
| DE000SYM9999 | Symrise AG Inhaber-Aktien | STK | 552.212 | 0 | 32.238 EUR | 117,900 | 65.105.794,80 | 2,63 |
| DE0007446007 | TAKKT AG Inhaber-Aktien | STK | 548.725 | 0 | 411.183 EUR | 14,000 | 7.682.150,00 | 0,31 |
| DE0005089031 | United Internet AG Namens-Aktien | STK | 1.413.190 | 0 | 298.199 EUR | 34,190 | 48.316.966,10 | 1,95 |
| DE000WCH8881 | Wacker Chemie AG Inhaber-Aktien | STK | 177.052 | 0 | 141.041 EUR | 128,550 | 22.760.034,60 | 0,92 |
| DE000ZAL1111 | Zalando SE Inhaber-Aktien | STK | 764.669 | 0 | 100.457 EUR | 101,950 | 77.958.004,55 | 3,15 |
| Frankreich |  |  |  |  |  |  | 23.568.059,52 | 0,95 |
| FR0011981968 | Worldline S.A. Actions Port. | STK | 299.391 | 0 | 0 EUR | 78,720 | 23.568.059,52 | 0,95 |
| Niederlande |  |  |  |  |  |  | 63.174.816,70 | 2,56 |
| NL0000009827 NL0012044747 | Koninklijke DSM N.V. Aandelen aan toonder Shop Apotheke Europe N.V. Aan- | STK | 354.939 | 45.858 | 0 EUR | 157,300 | 55.831.904,70 | 2,26 |
|  | delen aan toonder | STK | 46.240 | 46.240 | 0 EUR | 158,800 | 7.342.912,00 | 0,30 |
| Irland |  |  |  |  |  |  | 48.531.586,95 | 1,96 |
| IE00BZ12WP82 | Linde PLC Reg.Shares | STK | 200.089 | 200.089 | 0 EUR | 242,550 | 48.531.586,95 | 1,96 |
| Dänemark |  |  |  |  |  |  | 18.032.828,76 | 0,73 |
| DK0060094928 | Orsted A/S Indehaver Aktier | STK | 151.794 | 151.794 | 0 DKK | 883,400 | 18.032.828,76 | 0,73 |
| Schweiz |  |  |  |  |  |  | 34.950.344,61 | 1,42 |
| CH0210483332 | Cie Financière Richemont AG Namens-Aktien | STK | 106.149 | 106.149 | 0 CHF | 112,100 | 10.845.153,94 | 0,44 |
| CH0030170408 | Geberit AG Namens-Aktien (Dispost.) | STK | 37.697 | 0 | 6.953 CHF | 701,600 | 24.105.190,67 | 0,98 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	24.961.922,60	1,01 |
| Aktien |  |  |  |  |  |  | 24.961.922,60 | 1,01 |
| Deutschland |  |  |  |  |  |  | 24.961.922,60 | 1,01 |
| DE000A2YPDD0 | VIB Vermögen AG Namens-Aktien | STK | 691.466 | 0 | 34.345 EUR | 36,100 | 24.961.922,60 | 1,01 |
| Wertpapier-Investmentanteile |  |  |  |  | 44.561.769,60 | 1,80 |
| Gruppeneigene Wertpapier-Investmentanteile |  |  |  |  | 44.561.769,60 | 1,80 |
| Luxemburg |  |  |  |  | 44.561.769,60 | 1,80 |
| LU1883297647	AGIF-A.German Sm.+ Micro |  |  |  |  |  |  |
| Cap Inhaber-Anteile Acc. | ANT | 219 | 0 | 0 EUR  203.478,400 | 44.561.769,60 | 1,80 |

Vermögensaufstellung zum 30.06.2021
| ISIN | Gattungsbezeichnung | Markt	Stück bzw. | Bestand | Käufe/	Verkäufe/ | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Anteile bzw. | 30.06.2021 | Zugänge	Abgänge |  | in EUR | Fondsver- |
| Währung |  | im Berichtszeitraum |  |  |  | mögens |
| Summe Wertpapiervermögen |  |  | EUR |  | 2.462.999.574,67 | 99,67 |
| Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds |  |  |  |  |  |  |
| Bankguthaben |  |  |  |  |  |  |
| EUR-Guthaben bei der Verwahrstelle |  |  |  |  |  |  |
| State Street Bank International GmbH	EUR | 11.164.743,69 |  | % | 100,000 | 11.164.743,69 | 0,45 |
| Summe Bankguthaben |  |  | EUR |  | 11.164.743,69 | 0,45 |
| Summe der Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds  30) |  |  | EUR |  | 11.164.743,69 | 0,45 |
| Sonstige Vermögensgegenstände |  |  |  |  |  |  |
| Dividendenansprüche	EUR | 296.030,75 |  |  |  | 296.030,75 | 0,01 |
| Forderungen aus Anteilscheingeschäften	EUR | 256.240,49 |  |  |  | 256.240,49 | 0,01 |
| Forderungen aus Wertpapiergeschäften	EUR | 0,01 |  |  |  | 0,01 | 0,00 |
| Forderungen aus Quellensteuerrückerstattung	EUR | 573.395,36 |  |  |  | 573.395,36 | 0,02 |
| Summe Sonstige Vermögensgegenstände |  |  | EUR |  | 1.125.666,61 | 0,04 |
| Sonstige Verbindlichkeiten |  |  |  |  |  |  |
| Verbindlichkeiten aus Anteilscheingeschäften	EUR | -166.189,67 |  |  |  | -166.189,67 | -0,01 |
| Kostenabgrenzung	EUR | -3.598.230,77 |  |  |  | -3.598.230,77 | -0,15 |
| Summe Sonstige Verbindlichkeiten |  |  | EUR |  | -3.764.420,44 | -0,16 |
| Fondsvermögen |  |  | EUR |  | 2.471.525.564,53 | 100,00 |
| Summe der umlaufenden Anteile aller Anteilklassen |  |  | STK |  | 16.577.602 |  |

30) 
Im Bankguthaben können Cash Initial Margin enthalten sein.
| Concentra A (EUR) |  |
| --- | --- |
| ISIN | DE0008475005 |
| Fondsvermögen | 2.455.222.436,39 |
| Umlaufende Anteile | 16.568.172,417 |
| Anteilwert | 148,19 |
| Concentra IT (EUR) |  |
| ISIN | DE0009797522 |
| Fondsvermögen | 748.316,62 |
| Umlaufende Anteile | 288,160 |
| Anteilwert | 2.596,88 |
| Concentra P (EUR) |  |
| ISIN | DE0009797555 |
| Fondsvermögen | 15.554.811,52 |
| Umlaufende Anteile | 9.141,027 |
| Anteilwert | 1.701,65 |

Wertpapierkurse bzw. Marktsätze
Die Vermögensgegenstände des Sondervermögens sind auf der Grundlage nachstehender Kurse/Marktsätze bewertet:
Alle Vermögenswerte: Kurse bzw. Marktsätze per 30.06.2021 oder letztbekannte
Ergänzende Anmerkung zur Bewertung
Die Bewertung erfolgt durch die Kapitalverwaltungsgesellschaft (KVG).
Aktien, Bezugsrechte, Börsennotierte Fonds (ETFs), Genussscheine, Rentenpapiere und börsengehandelte Derivate werden, sofern vorhanden, grundsätz- lich mit handelbaren Börsenkursen bewertet.
Rentenpapiere, für die keine handelbaren Börsenkurse vorliegen, werden mit validierten Kursstellungen von Brokern oder unter Einbeziehung der relevan- ten Marktinformationen im Rahmen von regelmäßig überprüften Modellen bewertet.
Genussscheine, für die keine handelbaren Börsenkurse vorliegen, werden mit dem Mittelwert von Bid- und Ask-Kurs bewertet.
Nicht börsengehandelte Derivate und Bezugsrechte werden unter Einbeziehung der relevanten Marktinformationen im Rahmen von regelmäßig über- prüften Modellen bewertet.
Investmentfondsanteile werden mit dem von der Investmentgesellschaft veröffentlichten Rücknahmepreis bewertet.
Bankguthaben und Sonstige Vermögensgegenstände werden zum Nennwert, Festgelder zum Verkehrswert und Verbindlichkeiten zum Rückzahlungsbe- trag bewertet.
Nicht notierte Aktien und Beteiligungen werden zu dem aktuellen Verkehrswert bewertet, der bei sorgfältiger Einschätzung nach geeigneten Bewertungs- modellen unter Berücksichtigung der aktuellen Marktgegebenheiten angemessen ist.
Die angewandten Verfahren zur Bewertung des Sondervermögens decken die aus der Covid-Pandemie herrührenden Marktauswirkungen ab. Darüber hi- nausgehende Anpassungen waren zum Zeitpunkt der Aufstellung des Halbjahresberichts nicht erforderlich.
Die in diesem Halbjahresbericht ausgewiesenen Anlagen werden i.H.v. 99,67% des Fondsvermögens mit handelbaren Börsenkursen oder Marktpreisen und 0,00% zu abgeleiteten Verkehrswerten bzw. validierten Kursstellungen von Brokern bewertet. Die verbleibenden 0,33% des Fondsvermögens bestehen aus Sonstigen Vermögensgegenständen, Sonstigen Verbindlichkeiten sowie Barvermögen.
Devisenkurs(e) bzw. Konversionsfaktor(en) (in Mengennotiz) per 30.06.2021
| Dänemark, Kronen | (DKK) | 1 Euro = DKK | 7,43615 |
| --- | --- | --- | --- |
| Schweiz, Franken | (CHF) | 1 Euro = CHF | 1,09720 |
| Kapitalmaßnahmen |  |  |  |

Alle Umsätze, die aus Kapitalmaßnahmen hervorgehen (technische Umsätze), werden als Zu- oder Abgang ausgewiesen.
Stimmrechtsausübung
Stimmrechte aus den im Fonds enthaltenen Aktien haben wir, soweit es im Interesse unserer Anleger geboten erschien, entweder selbst wahrgenommen oder durch Beauftragte nach unseren Weisungen ausüben lassen.
Während des Berichtszeitraumes abgeschlossene Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen
- Käufe und Verkäufe in Wertpapieren, Investmentanteilen und Schuldscheindarlehen (Marktzuordnung zum Berichtsstichtag):
ISIN	Gattungsbezeichnung		Stück bzw.		Käufe/	Verkäufe/ Anteile bzw.	Zugänge		Abgänge
Währung
Börsengehandelte Wertpapiere Aktien
Deutschland
DE0005407100	CENIT AG Inhaber-Aktien	STK	0	162.261
Nichtnotierte Wertpapiere Andere Wertpapiere Deutschland
DE000A3H3LR9	Scout24 AG Inhaber-Andienungsrrechte	STK	995.480	995.480
Angaben zu Zielfonds
Ausgabeaufschläge und oder Rücknahmeabschläge wurden nicht erhoben und oder nicht gezahlt. Verwaltungsvergütung
AGIF-A.German Sm.+ Micro Cap Inhaber-Anteile Acc.	0,45% p.a.