# Position Contribution (%)	1 month
| TOP 10 POSITIONS RANKED BY |  |  | BOTTOM 10 POSITIONS RANKED BY |  |
| --- | --- | --- | --- | --- |
| ABSOLUTE PERFORMANCE | Average | Performance | ABSOLUTE PERFORMANCE | Average | Performance |
| CONTRIBUTION | Fund Weight | Contribution | CONTRIBUTION | Fund Weight | Contribution |
| AP MOLLER MAERSK AS | 4.4 | 0.73 | DANSKE BANK AS (UNGTD) | 3.7 | -0.20 |
| VOLVO AB | 5.9 | 0.55 | STOCKMANN OY | 1.1 | -0.17 |
| AUTOLIV INC | 2.8 | 0.52 | FLSMIDTH & CO A/S | 2.4 | -0.10 |
| BW ENERGY LTD | 2.2 | 0.51 | VOSTOK EMERGING FINANCE LTD | 4.4 | -0.05 |
| SYSTEMAIR AB | 1.5 | 0.46 | MILLICOM INTL CELLULAR SA | 1.9 | -0.05 |
| GUNNEBO AB | 2.9 | 0.45 | MPC CONTAINER SHIPS AS | 0.2 | -0.04 |
| NKT AS | 3.4 | 0.44 | ERICSSON | 7.9 | -0.04 |
| NORSK HYDRO ASA | 3.2 | 0.40 | YARA INTERNATIONAL ASA | 3.7 | -0.04 |
| SOLAR HOLDING AS | 2.1 | 0.38 | OW BUNKER A/S | 0.0 | 0.00 |
| ELTEL AB | 4.5 | 0.35 | HOEGH LNG HOLDINGS LTD | 0.8 | 0.08 |

Positions in other funds - including ETFs (Exchange Traded Funds) - can appear in this table, but index derivatives form part of an "Index / Unclassified" category which will appear in the table(s) below when relevant.
Sector/Industry Contribution (%)
1 month
Geographic Contribution (%)	1 month
RANKED BY ABSOLUTE PERFORMANCE CONTRIBUTION	RANKED BY ABSOLUTE PERFORMANCE CONTRIBUTION
| icb Industry | Average Fund Weight | Performance Contribution |  | Average Fund Weight | Performance Contribution |
| --- | --- | --- | --- | --- | --- |
| Industrials | 45.3 | 4.69 | Sweden | 52.1 | 3.52 |
| Oil & Gas | 10.3 | 1.20 | Norway | 20.3 | 1.76 |
| Consumer Goods | 6.0 | 0.87 | Denmark | 19.2 | 1.39 |
| Consumer Services | 8.2 | 0.45 | United States | 2.8 | 0.52 |
| Basic Materials | 7.0 | 0.37 | Greece | 0.9 | 0.10 |
| Utilities | 0.0 | 0.00 | Finland | 3.8 | 0.09 |
| Health Care | 0.0 | 0.00 |  |  |  |
| Technology | 7.9 | -0.04 |  |  |  |
| Telecommunications | 1.9 | -0.05 |  |  |  |
| Financials | 12.4 | -0.11 |  |  |  |
|  |  |  | Total Primary Assets | 99.1 | 7.37 |
| Total Primary Assets | 99.1 | 7.37 | Other* | 0.9 | 0.04 |
| Other* | 0.9 | 0.04 | TOTAL | 100.0 | 7.41 |
| TOTAL | 100.0 | 7.41 |  |  |  |

*Other includes portfolio components not already listed such as cash, expenses and other miscellaneous items.

Translation (ENDE, 2020-08-31):
# Beitrag/Position (%)	1 Monat
| BESTE ZEHN POSITIONEN NACH BEITRAG ZUR ABSOLUTEN PERFORMANCE AP MOLLER MAERSK AS | Ø Fonds- gewich- tung 4,4 | Performance- Beitrag 0,73 | SCHLECHTESTE ZEHN POSITIONEN NACH BEITRAG ZUR ABSOLUTEN PERFORMANCE DANSKE BANK AS (UNGTD) | Ø Fonds- gewich- tung 3,7 | Performance- Beitrag -0,20 |
| --- | --- | --- | --- | --- | --- |
| VOLVO AB | 5,9 | 0,55 | STOCKMANN OY | 1,1 | -0,17 |
| AUTOLIV INC | 2,8 | 0,52 | FLSMIDTH & CO A/S | 2,4 | -0,10 |
| BW ENERGY LTD | 2,2 | 0,51 | VOSTOK EMERGING FINANCE LTD | 4,4 | -0,05 |
| SYSTEMAIR AB | 1,5 | 0,46 | MILLICOM INTL CELLULAR SA | 1,9 | -0,05 |
| GUNNEBO AB | 2,9 | 0,45 | MPC CONTAINER SHIPS AS | 0,2 | -0,04 |
| NKT AS | 3,4 | 0,44 | ERICSSON | 7,9 | -0,04 |
| NORSK HYDRO ASA | 3,2 | 0,40 | YARA INTERNATIONAL ASA | 3,7 | -0,04 |
| SOLAR HOLDING AS | 2,1 | 0,38 | OW BUNKER A/S | 0,0 | 0,00 |
| ELTEL AB | 4,5 | 0,35 | HOEGH LNG HOLDINGS LTD | 0,8 | 0,08 |

Positionen in anderen Fonds – einschließlich ETFs (börsengehandelte Fonds) – können in dieser Tabelle erscheinen, aber Index-Derivate fallen in eine Kategorie mit der Bezeichnung "Index/Nicht klassifiziert", die ggf. in der/den nachstehenden Tabelle(n) zu finden ist.
Beitrag/Sektor bzw. Branche (%)
1 Monat
Geografische Beitrag (%)	1 Monat

### GEORDNET NACH BEITRAG ZUR ABSOLUTEN PERFORMANCE	GEORDNET NACH BEITRAG ZUR ABSOLUTEN PERFORMANCE
| Branche icb | Ø Fonds- gewich- tung | Performance- Beitrag |  | Ø Fonds- gewich- tung | Performance- Beitrag |
| --- | --- | --- | --- | --- | --- |
| Industrie | 45,3 | 4,69 | Schweden | 52,1 | 3,52 |
| Öl & Gas | 10,3 | 1,20 | Norwegen | 20,3 | 1,76 |
| Verbrauchsgüter | 6,0 | 0,87 | Dänemark | 19,2 | 1,39 |
| Dienstleistungen | 8,2 | 0,45 | USA | 2,8 | 0,52 |
| Grundstoffe | 7,0 | 0,37 | Griechenland | 0,9 | 0,10 |
| Versorger | 0,0 | 0,00 | Finnland | 3,8 | 0,09 |
| Gesundheit | 0,0 | 0,00 |  |  |  |
| Technologie | 7,9 | -0,04 |  |  |  |
| Telekommunikation | 1,9 | -0,05 |  |  |  |
| Finanzunternehmen | 12,4 | -0,11 |  |  |  |
|  |  |  | Summe primäre Vermögenswerte | 99,1 | 7,37 |
| Summe primäre Vermögenswerte | 99,1 | 7,37 | Sonstige* | 0,9 | 0,04 |
| Sonstige* | 0,9 | 0,04 | SUMME | 100,0 | 7,41 |
| SUMME | 100,0 | 7,41 |  |  |  |

*"Sonstige" bezieht sich auf Portfolio-Komponenten, die nicht bereits aufgeführt sind, wie Bargeld, Ausgaben und sonstige Posten.