| TOP 10 COUNTRIES (%) |  |  |  | CREDIT QUALITY 2  (%) |  |  |  | SECTOR ALLOCATION (%) |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Country | Fund | Benchmark |  | Rating | Fund | Benchmark |  | Sector | Fund | Benchmark |
| United States | 38.4 | 39.7 |  | AAA | 24.2 | 40.0 |  | Emerging Markets | 27.5 | 15.2 |
| Italy | 5.4 | 3.0 |  | AA | 0.7 | 13.3 |  | US Government | 24.1 | 16.8 |
| United Kingdom | 3.9 | 4.3 |  | A | 13.9 | 27.3 |  | IG Corporates | 19.8 | 19.2 |
| Indonesia | 3.6 | 0.6 |  | BBB | 34.4 | 14.5 |  | High Yield | 9.5 | 0.1 |
| Germany | 3.1 | 4.6 |  | BB | 11.2 | 0.0 |  | Non-US Govt Related | 5.8 | 7.5 |
| France | 3.0 | 5.0 |  | B | 5.6 | 0.0 |  | Non US Government | 4.5 | 28.2 |
| Spain | 2.5 | 2.2 |  | CCC & Below | 1.7 | 0.0 |  | CMBS | 2.0 | 0.7 |
| Mexico | 2.4 | 0.5 |  | Not Rated | 2.5 | 4.9 |  | Non-Agency MBS | 0.8 | 0.0 |
| Luxembourg | 2.4 | 0.1 |  | Cash/Equiv | 5.7 | — |  | Bank Loan | 0.4 | 0.0 |
| Greece | 2.2 | 0.0 |  |  |  |  |  | Municipals | 0.4 | 0.4 |
|  |  |  |  |  |  |  |  | ABS | 0.0 | 0.2 |
|  |  |  |  |  |  |  |  | Mortgages | 0.0 | 11.1 |
|  |  |  |  |  |  |  |  | Agencies | 0.0 | 0.5 |
|  |  |  |  |  |  |  |  | Swaps | -0.4 | 0.0 |
|  |  |  |  |  |  |  |  | Cash/Equiv | 5.7 | — |
| REGIONAL ALLOCATION 1  (%) |  |  |  | CURRENCY ALLOCATION (%) (USD) |  |  |
| Region | Fund | Benchmark |  | Currency | Share Class |  |
| Dollar Bloc | 40.2 | 45.1 |  | USD | 45.5 |  |
| Europe | 35.0 | 26.0 |  | EUR | 21.4 |  |
| Latin America | 8.3 | 1.0 |  | Yen | 11.9 |  |
| Asia | 7.5 | 24.9 |  | Emerging Markets | 11.8 |  |
| Middle East | 3.2 | 0.7 |  | Other Developed | 9.4 |  |
| Multinational | 0.1 | 0.0 |  |  |  |  |
| Supranational | 0.0 | 2.2 |  |  |  |  |
| Cash/Equiv | 5.7 | — |  |  |  |  |

Translation (ENDE, 2023-03-31):
| TOP-10-LÄNDER (%) |  |  |  | BONITÄT 2  (%) |  |  |  | SEKTORALLOKATION (%) |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Land | Fonds | Benchmark |  | Rating | Fonds | Benchmark |  | Sektor | Fonds | Benchmark |
| USA | 38,4 | 39,7 |  | AAA | 24,2 | 40,0 |  | Schwellenmärkte | 27,5 | 15,2 |
| Italien | 5,4 | 3,0 |  | AA | 0,7 | 13,3 |  | US-Staatsanleihen | 24,1 | 16,8 |
| Vereinigtes Königreich Indonesien | 3,9 3,6 | 4,3 0,6 |  | A BBB | 13,9 34,4 | 27,3 14,5 |  | Unternehmensanleihen mit Investment-Grade-Rating | 19,8 | 19,2 |
| Deutschland | 3,1 | 4,6 | BB | 11,2 | 0,0 | High Yield | 9,5 | 0,1 |
| Frankreich | 3,0 | 5,0 | B | 5,6 | 0,0 | Staatsnahe Anleihen ex USA | 5,8 | 7,5 |
| Spanien | 2,5 | 2,2 | CCC und niedriger | 1,7 | 0,0 | Staatsanleihen außer USA | 4,5 | 28,2 |
| Mexiko | 2,4 | 0,5 | Ohne Rating | 2,5 | 4,9 | CMBS | 2,0 | 0,7 |
| Luxemburg | 2,4 | 0,1 | Barmittel/Äquiv. | 5,7 | — | Non-Agency MBS | 0,8 | 0,0 |
| Griechenland | 2,2 | 0,0 |  |  |  | Bankdarlehen | 0,4 | 0,0 |
|  |  |  |  |  |  | Kommunalobligationen | 0,4 | 0,4 |
|  |  |  |  |  |  | ABS | 0,0 | 0,2 |
|  |  |  |  |  |  | Hypotheken | 0,0 | 11,1 |
|  |  |  |  |  |  | Behörden | 0,0 | 0,5 |
|  |  |  |  |  |  | Swaps | -0,4 | 0,0 |
|  |  |  |  |  |  | Barmittel/Äquiv. | 5,7 | — |
| REGIONALE ALLOKATION 1  (%) |  |  |  | WÄHRUNGSALLOKATION (%) (USD) |  |  |
| Region | Fonds | Benchmark |  | Währung | Anteilsklasse |  |
| Dollar-Länder | 40,2 | 45,1 |  | USD | 45,5 |  |
| Europa | 35,0 | 26,0 |  | EUR | 21,4 |  |
| Lateinamerika | 8,3 | 1,0 |  | Yen | 11,9 |  |
| Asien | 7,5 | 24,9 |  | Schwellenmärkte | 11,8 |  |
| Naher Osten | 3,2 | 0,7 |  | Sonstige Industrieländer | 9,4 |  |
| Multinational | 0,1 | 0,0 |  |  |  |  |
| Supranational | 0,0 | 2,2 |  |  |  |  |
| Zahlungsmittel/Äquiv. | 5,7 | — |  |  |  |  |