|  | Fund | Index | Relative |  | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- |
| China | 25.1 | 30.8 | -5.7 | Emerging Markets | 85.3 | 90.4 | -5.1 |
| India | 24.8 | 19.5 | 5.3 | Asia Pacific (ex-Japan) | 8.1 | 9.5 | -1.4 |
| Indonesia | 13.9 | 2.2 | 11.7 | North America | 3.3 | 0.1 | 3.3 |
| Taiwan | 11.6 | 18.6 | -7.0 | Europe (ex-UK) | 2.0 | 0.0 | 2.0 |
| Hong Kong | 8.1 | 5.8 | 2.3 | Total Regional Exposure | 98.8 | 100.0 |  |
| Korea (South) | 5.2 | 15.1 | -9.9 | Other Index / Unclassified | 0.0 | 0.0 |  |
| Thailand | 3.5 | 2.0 | 1.4 | Total Equity Exposure | 98.8 | 100.0 |  |
| United States | 3.3 | 0.1 | 3.3 |  |  |  |  |
| Netherlands | 2.0 | 0.0 | 2.0 |  |  |  |  |
| Vietnam | 1.3 | 0.0 | 1.3 |  |  |  |  |
| Others | 0.0 | 6.0 | -6.0 |  |  |  |  |
| Total Geographic Exposure | 98.8 | 100.0 |  |  |  |  |  |
| Other Index / Unclassified | 0.0 | 0.0 |  |  |  |  |  |
| Total Equity Exposure | 98.8 | 100.0 |  |  |  |  |  |
| Top Positions (% TNA)	 |
|  | Sector GICS | Geographic Location | Fund | Index | Relative |
| TAIWAN SEMICONDUCTOR MFG CO LTD | Information Technology | Taiwan | 6.4 | 7.8 | -1.4 |
| HDFC BANK LTD | Financials | India | 5.9 | 0.9 | 5.0 |
| AIA GROUP LTD | Financials | Hong Kong | 5.3 | 1.6 | 3.6 |
| BANK NEGARA INDO PT TBK | Financials | Indonesia | 5.2 | 0.1 | 5.1 |
| SK HYNIX INC | Information Technology | Korea (South) | 5.2 | 1.0 | 4.2 |
| LAOBAIXING PHARMACY CHAIN JSC | Consumer Staples | China | 5.0 | 0.0 | 5.0 |
| CHINA MENGNIU DAIRY CO | Consumer Staples | China | 4.9 | 0.1 | 4.7 |
| AXIS BANK LTD | Financials | India | 4.3 | 0.5 | 3.8 |
| ICICI BANK LTD | Financials | India | 3.8 | 1.0 | 2.8 |
| CHAILEASE HOLDING CO LTD | Financials | Taiwan | 3.8 | 0.2 | 3.6 |
| Top Overweight Positions (% TNA)	Top Underweight Positions (% TNA)	 |
|  | Fund | Index | Relative |  | Fund | Index | Relative |
| BANK NEGARA INDO PT TBK | 5.2 | 0.1 | 5.1 | SAMSUNG ELECTRONICS CO LTD | 0.0 | 5.4 | -5.4 |
| HDFC BANK LTD | 5.9 | 0.9 | 5.0 | TENCENT HLDGS LTD | 0.0 | 4.1 | -4.1 |
| LAOBAIXING PHARMACY CHAIN JSC | 5.0 | 0.0 | 5.0 | ALIBABA GROUP HOLDING LTD | 0.0 | 2.6 | -2.6 |
| CHINA MENGNIU DAIRY CO | 4.9 | 0.1 | 4.7 | RELIANCE INDUSTRIES LTD | 0.0 | 1.6 | -1.6 |
| SK HYNIX INC | 5.2 | 1.0 | 4.2 | PDD HOLDINGS INC | 0.0 | 1.4 | -1.4 |
| AXIS BANK LTD | 4.3 | 0.5 | 3.8 | TAIWAN SEMICONDUCTOR MFG CO LTD | 6.4 | 7.8 | -1.4 |
| CHAILEASE HOLDING CO LTD | 3.8 | 0.2 | 3.6 | INFOSYS LTD | 0.0 | 1.0 | -1.0 |
| AIA GROUP LTD | 5.3 | 1.6 | 3.6 | CHINA CONSTRUCTION BANK | 0.0 | 1.0 | -1.0 |
| HYGEIA HEALTHCARE HOLDINGS CO LTD | 3.4 | 0.0 | 3.4 | MEITUAN | 0.0 | 0.9 | -0.9 |
| COGNIZANT TECH SOLUTIONS CORP | 3.3 | 0.0 | 3.3 | MEDIATEK INC | 0.0 | 0.8 | -0.8 |
| Positions Concentration (% TNA)	 |
|  | Fund | Index |
| Top 10 | 49.8 | 27.7 |
| Top 20 | 78.8 | 35.2 |
| Top 50 | 98.8 | 48.0 |
| Definition of terms: |  |  |  |  |  |  |  |  |

Translation (ENDE, 2023-12-31):
|  | Fonds | Index | Relativ |  | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| China | 25,1 | 30,8 | -5,7 | Schwellenländer | 85,3 | 90,4 | -5,1 |
| Indien | 24,8 | 19,5 | 5,3 | Asien-Pazifikregion (ohne Japan) | 8,1 | 9,5 | -1,4 |
| Indonesien | 13,9 | 2,2 | 11,7 | Nordamerika | 3,3 | 0,1 | 3,3 |
| Taiwan | 11,6 | 18,6 | -7,0 | Europa (ohne GB) | 2,0 | 0,0 | 2,0 |
| Hongkong | 8,1 | 5,8 | 2,3 | Summe regionales Engagement | 98,8 | 100,0 |  |
| Südkorea | 5,2 | 15,1 | -9,9 | Anderer Index / Nicht klassifiziert | 0,0 | 0,0 |  |
| Thailand | 3,5 | 2,0 | 1,4 | Summe Aktienengagement | 98,8 | 100,0 |  |
| USA | 3,3 | 0,1 | 3,3 |  |  |  |  |
| Niederlande | 2,0 | 0,0 | 2,0 |  |  |  |  |
| Vietnam | 1,3 | 0,0 | 1,3 |  |  |  |  |
| Sonstige | 0,0 | 6,0 | -6,0 |  |  |  |  |
| Geografisches Gesamtengagement | 98,8 | 100,0 |  |  |  |  |  |
| Anderer Index / Nicht klassifiziert | 0,0 | 0,0 |  |  |  |  |  |
| Summe Aktienengagement | 98,8 | 100,0 |  |  |  |  |  |
| Größte Positionen (% NIW Fonds)	 |
|  | Sektor GICS | Geografische Lage | Fonds | Index | Relativ |
| TAIWAN SEMICONDUCTOR MFG CO LTD | Informationstechnologie | Taiwan | 6,4 | 7,8 | -1,4 |
| HDFC BANK LTD | Finanzunternehmen | Indien | 5,9 | 0,9 | 5,0 |
| AIA GROUP LTD | Finanzunternehmen | Hongkong | 5,3 | 1,6 | 3,6 |
| BANK NEGARA INDO PT TBK | Finanzunternehmen | Indonesien | 5,2 | 0,1 | 5,1 |
| SK HYNIX INC | Informationstechnologie | Südkorea | 5,2 | 1,0 | 4,2 |
| LAOBAIXING PHARMACY CHAIN JSC | Grundbedarfsgüter | China | 5,0 | 0,0 | 5,0 |
| CHINA MENGNIU DAIRY CO | Grundbedarfsgüter | China | 4,9 | 0,1 | 4,7 |
| AXIS BANK LTD | Finanzunternehmen | Indien | 4,3 | 0,5 | 3,8 |
| ICICI BANK LTD | Finanzunternehmen | Indien | 3,8 | 1,0 | 2,8 |
| CHAILEASE HOLDING CO LTD | Finanzunternehmen | Taiwan | 3,8 | 0,2 | 3,6 |
| Größte übergewichtete Positionen (% NIW Fonds)	Größte untergewichtete Positionen (% NIW Fonds)	 |
|  | Fonds | Index | Relativ |  | Fonds | Index | Relativ |
| BANK NEGARA INDO PT TBK | 5,2 | 0,1 | 5,1 | SAMSUNG ELECTRONICS CO LTD | 0,0 | 5,4 | -5,4 |
| HDFC BANK LTD | 5,9 | 0,9 | 5,0 | TENCENT HLDGS LTD | 0,0 | 4,1 | -4,1 |
| LAOBAIXING PHARMACY CHAIN JSC | 5,0 | 0,0 | 5,0 | ALIBABA GROUP HOLDING LTD | 0,0 | 2,6 | -2,6 |
| CHINA MENGNIU DAIRY CO | 4,9 | 0,1 | 4,7 | RELIANCE INDUSTRIES LTD | 0,0 | 1,6 | -1,6 |
| SK HYNIX INC | 5,2 | 1,0 | 4,2 | PDD HOLDINGS INC | 0,0 | 1,4 | -1,4 |
| AXIS BANK LTD | 4,3 | 0,5 | 3,8 | TAIWAN SEMICONDUCTOR MFG CO LTD | 6,4 | 7,8 | -1,4 |
| CHAILEASE HOLDING CO LTD | 3,8 | 0,2 | 3,6 | INFOSYS LTD | 0,0 | 1,0 | -1,0 |
| AIA GROUP LTD | 5,3 | 1,6 | 3,6 | CHINA CONSTRUCTION BANK | 0,0 | 1,0 | -1,0 |
| HYGEIA HEALTHCARE HOLDINGS CO LTD | 3,4 | 0,0 | 3,4 | MEITUAN | 0,0 | 0,9 | -0,9 |
| COGNIZANT TECH SOLUTIONS CORP | 3,3 | 0,0 | 3,3 | MEDIATEK INC | 0,0 | 0,8 | -0,8 |
| Konzentration der Positionen (% NIW Fonds)	 |
|  | Fonds | Index |
| Top 10 | 49,8 | 27,7 |
| Top 20 | 78,8 | 35,2 |
| Top 50 | 98,8 | 48,0 |
| Definition der Begriffe: |  |  |  |  |  |  |  |  |