# DWS Invest ESG Global Corporate Bonds
DWS INVEST ESG GLOBAL CORPORATE BONDS

### Performance of share classes vs. benchmark (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class FC | LU0982744301 | -15.1% |
| Class FD10 | LU1747711544 | -15.0% |
| Class ID | LU1054336893 | -15.0% |
| Class LC | LU1982200948 | -15.2% |
| Class TFC | LU1663917257 | -15.1% |
| Class TFD | LU1663919899 | -15.1% |
| Class XC | LU1747711890 | -14.9% |
| Class XD | LU1997181182 | -14.9% |
| Class CHF FCH10 1 | LU2293918442 | -15.1% |
| Class USD FCH10 2 | LU2293918525 | -14.5% |


##### Barclays Global Aggregate Corporate TR (EUR hedged)
1 
in CHF
2 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.

##### -13.8%
Past performance is no guide to future results.	As of: June 30, 2022
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest
ESG Global Corporate Bonds
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 196 689 171.12 | 101.88 |
| Total bonds | 196 689 171.12 | 101.88 |
| 2. Derivatives | -1 714 299.71 | -0.89 |
| 3. Cash at bank | 557 195.61 | 0.29 |
| 4. Other assets | 1 861 479.96 | 0.97 |
| 5. Receivables from share certificate transactions | 12 088.45 | 0.01 |
| II. Liabilities |  |  |
| 1. Loan liabilities | -310 314.81 | -0.16 |
| 2. Other liabilities | -889 773.60 | -0.47 |
| 3. Liabilities from share certificate transactions | -3 143 433.47 | -1.63 |
| III. Net assets | 193 062 113.55 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
| Security name | Count/ units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Market price | Total market value in | % of net assets |
| currency | amount	in the reporting period	EUR |
| Securities traded on an exchange |  |  |  |  |  |  | 187 370 782.70 | 97.05 |
| Interest-bearing securities 1.50  % A2A SpA (MTN) 2022/2028 ..................  | EUR | 540 000 | 540 000 |  | % | 89.67 | 484 218.00 | 0.25 |
| 0.50  % ABN AMRO Bank NV (MTN) 2021/2029 ........  | EUR | 1 100 000 |  |  | % | 80.897 | 889 867.00 | 0.46 |
| 0.88  % AIA GROUP LTD 2021/2033 * ................  | EUR | 600 000 |  |  | % | 81.545 | 489 270.00 | 0.25 |
| 6.25  % AIB Group PLC 2020/perpetual * ..............  | EUR | 500 000 |  |  | % | 93.261 | 466 305.00 | 0.24 |
| 3.625 % AIB Group PLC 2022/2026 * .................  1.00 % Akelius Residential Property Financing BV (MTN) 2020/2028 ...............................  | EUR EUR | 730 000 440 000 | 730 000 |  | % % | 99.954 83.99 | 729 664.20 369 556.00 | 0.38 0.19 |
| 1.625 % Alliander NV 2018/perpetual * ** ..............  0.75 % American Medical Systems Europe BV 2022/2025 ** .............................  | EUR EUR | 800 000 550 000 | 550 000 |  | % % | 88.876 95.881 | 711 008.00 527 345.50 | 0.37 0.27 |
| 0.95 % American Tower Corp. (MTN) 2021/2030 ....... 4.625 % APCOA Parking Holdings GmbH -Reg- (MTN) 2021/2027 ...............................  | EUR EUR | 980 000 710 000 |  |  | % % | 78.269 81.744 | 767 036.20 580 382.40 | 0.40 0.30 |
| 1.50  % Arkema SA 2020/perpetual * .................  | EUR | 600 000 |  |  | % | 85.884 | 515 304.00 | 0.27 |
| 1.50  % ASTM SpA (MTN) 2021/2030 ** ..............  | EUR | 1 310 000 |  |  | % | 77.2 | 1 011 320.00 | 0.52 |
| 1.625 % AusNet Services Holdings (MTN) 2021/2081 * ...  | EUR | 220 000 |  | 130 000 | % | 76.07 | 167 354.00 | 0.09 |
| 3.941 % AXA SA (MTN) 2014/perpetual * ..............  | EUR | 1 000 000 |  |  | % | 98.629 | 986 290.00 | 0.51 |
| 5.75  % Banco de Sabadell SA 2021/perpetual * ........  | EUR | 1 200 000 |  |  | % | 82.626 | 991 512.00 | 0.51 |
| 1.875 % Bank of Ireland Group PLC (MTN) 2022/2026 * ..	EUR | 710 000 | 710 000 |  | % | 95.189 | 675 841.90 | 0.35 |
| 1.25  % Bankinter SA 2021/2032 *	EUR | 1 000 000 |  |  | % | 81.462 | 814 620.00 | 0.42 |
| 1.125 | % Banque Federative du Credit Mutuel SA (MTN) 2021/2031 ** .............................  | EUR | 1 300 000 |  |  | % | 73.034 | 949 442.00 | 0.49 |
| 1.25 | % Belfius Bank SA (MTN) 2021/2034 * ...........  | EUR | 800 000 |  |  | % | 78.756 | 630 048.00 | 0.33 |
| 2.50 | % BNP Paribas (MTN) 2022/2032 * ..............  | EUR | 500 000 | 500 000 |  | % | 91.054 | 455 270.00 | 0.24 |
| 2.10 | % BNP Paribas SA (MTN) 2022/2032 ............  | EUR | 900 000 | 900 000 |  | % | 85.523 | 769 707.00 | 0.40 |
| 2.25 | % Bouygues SA (MTN) 2022/2029 ** ............  | EUR | 600 000 | 600 000 |  | % | 94.218 | 565 308.00 | 0.29 |
| 3.25 | % Bouygues SA 2022/2037 ** .................  | EUR | 900 000 | 900 000 |  | % | 91.599 | 824 391.00 | 0.43 |
| 0.25 | % BPCE SA (MTN) 2021/2031  .................  | EUR | 800 000 |  |  | % | 77.167 | 617 336.00 | 0.32 |
| 1.50 | % BPCE SA 2021/2042 * ......................  | EUR | 600 000 |  | 400 000 | % | 85.895 | 515 370.00 | 0.27 |
| 1.75 | % BPCE SA (MTN) 2022/2027  .................  | EUR | 600 000 | 1 200 000 | 600 000 | % | 95.113 | 570 678.00 | 0.30 |
| 1.00 | % Cofinimmo SA (MTN) 2022/2028 .............  | EUR | 900 000 | 900 000 |  | % | 84.341 | 759 069.00 | 0.39 |
| 3.00 | % Commerzbank AG (MTN) 2022/2027 * .........  | EUR | 500 000 | 500 000 |  | % | 97.679 | 488 395.00 | 0.25 |
| 3.25 | % Cooperatieve Rabobank UA 2019/perpetual * ....  | EUR | 1 200 000 |  |  | % | 82.019 | 984 228.00 | 0.51 |
| 4.875 | % Cooperatieve Rabobank UA 2022/perpetual * ....  | EUR | 400 000 | 400 000 |  | % | 84.062 | 336 248.00 | 0.17 |
| 1.50 | % Credit Agricole Assurances SA (MTN) 2021/2031 | EUR | 600 000 |  | 600 000 | % | 75.598 | 453 588.00 | 0.23 |
| 1.625 | % Credit Agricole SA (MTN) 2020/2030 * .........  | EUR | 400 000 |  |  | % | 93.385 | 373 540.00 | 0.19 |
| 0.50 | % Credit Agricole SA (MTN) 2021/2029 * ** .......  | EUR | 1 000 000 |  |  | % | 82.854 | 828 540.00 | 0.43 |
| 0.75 | % Danske Bank A/S (MTN) 2021/2029 * ..........  | EUR | 900 000 |  |  | % | 84.06 | 756 540.00 | 0.39 |
| 1.00 | % Deutsche Bank AG (MTN) 2020/2025 * ........  | EUR | 800 000 |  |  | % | 94.419 | 755 352.00 | 0.39 |
| 1.375 | % Deutsche Bank AG 2021/2032 * ..............  | EUR | 800 000 |  | 300 000 | % | 76.415 | 611 320.00 | 0.32 |
| 1.875 | % Deutsche Bank AG (MTN) 2022/2028 * ........  | EUR | 600 000 | 600 000 |  | % | 90.298 | 541 788.00 | 0.28 |
| 1.375 | % Digital Intrepid Holding BV (MTN) 2022/2032 ....  | EUR | 700 000 | 1 370 000 | 670 000 | % | 71.492 | 500 444.00 | 0.26 |
| 0.45  % DXC Capital Funding DAC -Reg- (MTN) 2021/2027 EUR | 1 950 000 | % | 83.94 | 1 636 830.00 | 0.85 |
| 1.875 % EDP Finance BV (MTN) 2022/2029	EUR | 400 000 | 400 000 |  | % | 91.029 | 364 116.00 | 0.19 |
| 1.375 % Eli Lilly & Co. 2021/2061	EUR | 1 460 000 |  |  | % | 55.688 | 813 044.80 | 0.42 |
| 0.875 % Enel Finance International NV (MTN) 2022/2031 .	EUR | 800 000 | 800 000 |  | % | 79.535 | 636 280.00 | 0.33 |
| 1.875 % Engie SA 2021/perpetual * **	EUR | 900 000 |  | 700 000 | % | 69.283 | 623 547.00 | 0.32 |
| 2.00  % Eni SpA 2021/perpetual *	EUR | 1 110 000 |  |  | % | 81.254 | 901 919.40 | 0.47 |
| 2.375 % EQT AB (MTN) 2022/2028	EUR | 910 000 | 910 000 |  | % | 91.266 | 830 520.60 | 0.43 |
| 2.875 % EQT AB (MTN) 2022/2032	EUR | 1 070 000 | 1 070 000 |  | % | 84.521 | 904 374.70 | 0.47 |
| 1.50  % Erste Group Bank AG (MTN) 2022/2026	EUR | 600 000 | 600 000 |  | % | 95.533 | 573 198.00 | 0.30 |
| 0.875 % Eurofins Scientific SE (MTN) 2021/2031	EUR | 1 410 000 |  |  | % | 75.225 | 1 060 672.50 | 0.55 |
| 4.00 % Eurofins Scientific SE (MTN) 2022/2029	EUR | 720 000 | 720 000 |  | % | 99.743 | 718 149.60 | 0.37 |
| 2021/2028	EUR | 1 620 000 |  |  | % | 84.825 | 1 374 165.00 | 0.71 |
| 1.875 % Fresenius SE & Co., KGaA (MTN) 2022/2025	EUR | 500 000 | 500 000 |  | % | 97.35 | 486 750.00 | 0.25 |
| 2.875 % Fresenius SE & Co., KGaA (MTN) 2022/2030	EUR | 660 000 | 660 000 |  | % | 93.224 | 615 278.40 | 0.32 |
| 3.50  % Getlink SE (MTN) 2020/2025	EUR | 690 000 |  |  | % | 95.868 | 661 489.20 | 0.34 |
| 1.375 % GlaxoSmithKline Capital PLC (MTN) 2014/2024 ..	EUR | 500 000 |  |  | % | 99.276 | 496 380.00 | 0.26 |
| 0.50 % Hamburg Commercial Bank AG (MTN) 2021/2026 * EUR | 700 000 |  |  | % | 90.082 | 630 574.00 | 0.33 |
| 0.318 % Highland Holdings Sarl (MTN) 2021/2026 **	EUR | 1 040 000 |  |  | % | 89.385 | 929 604.00 | 0.48 |
| 2021/2028	EUR | 800 000 |  |  | % | 82.887 | 663 096.00 | 0.34 |
| 2021/2028	EUR | 700 000 |  |  | % | 84.301 | 590 107.00 | 0.31 |
| 1.874 % Iberdrola International BV 2020/perpetual *	EUR | 1 000 000 | 1 000 000 |  | % | 87.695 | 876 950.00 | 0.45 |
| 0.875 % ING Groep NV (MTN) 2021/2032 * **	EUR | 600 000 |  |  | % | 84.15 | 504 900.00 | 0.26 |
| 2.125 % ING Groep NV (MTN) 2022/2026 * **	EUR | 600 000 | 600 000 |  | % | 97.428 | 584 568.00 | 0.30 |
| 2.75  % Investor AB (MTN) 2022/2032	EUR | 390 000 | 390 000 |  | % | 97.878 | 381 724.20 | 0.20 |
| 0.00  % Italgas SpA (MTN) 2021/2028	EUR | 500 000 |  |  | % | 83.318 | 416 590.00 | 0.22 |
| 1.963 % JPMorgan Chase & Co (MTN) 2022/2030 *	EUR | 480 000 | 480 000 |  | % | 91.452 | 438 969.60 | 0.23 |
| 5.50  % Kaefer SE & Co., KG -Reg- (MTN) 2018/2024	EUR | 650 000 |  |  | % | 98.221 | 638 436.50 | 0.33 |
| 0.375 % LEG Immobilien SE (MTN) 2022/2026	EUR | 800 000 | 800 000 |  | % | 88.745 | 709 960.00 | 0.37 |
| 2.875 % Mapfre SA (MTN) 2022/2030	EUR | 700 000 | 700 000 |  | % | 88.647 | 620 529.00 | 0.32 |
| 0.75 % Mercedes-Benz Group AG (MTN) 2020/2030	EUR | 250 000 | 250 000 |  | % | 83.553 | 208 882.50 | 0.11 |
| 2.125 % National Australia Bank (MTN) 2022/2028	EUR | 700 000 | 700 000 |  | % | 96.413 | 674 891.00 | 0.35 |

0.50  % Fomento Economico Mexicano SAB de CV (MTN)
0.625 % Holding d‘Infrastructures de Transport SASU (MTN) 0.625 % HOWOGE Wohnungs-baugesellschaft mbH (MTN)
| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2.00  % Nationwide Building Society (MTN) 2017/2029 * . | EUR | 1 000 000 | 1 000 000 | % | 96.328 | 963 280.00 | 0.50 |
| 1.125 % Novo Nordisk Finance Netherlands BV (MTN) |  |  |  |  |  |  |  |
| 2022/2027 ...............................  | EUR | 470 000 | 470 000 | % | 94.791 | 445 517.70 | 0.23 |
| 2.875 % Organon & Co. Via Organon Foreign Debt Co-Issuer |  |  |  |  |  |  |  |
| BV -Reg- (MTN) 2021/2028 ..................  | EUR | 640 000 |  | % | 84.06 | 537 984.00 | 0.28 |
| 2.875 % Orsted AS (MTN) 2022/2033 ** ..............  | EUR | 640 000 | 640 000 | % | 97.232 | 622 284.80 | 0.32 |
| 1.539 % Prosus NV -Reg- (MTN) 2020/2028 ............  | EUR | 780 000 |  | % | 79.288 | 618 446.40 | 0.32 |
| 1.985 % Prosus NV -Reg- 2021/2033 .................  | EUR | 1 090 000 |  | % | 67.156 | 732 000.40 | 0.38 |
| 4.375 % Rentokil Initial Finance BV (MTN) 2022/2030 ....  | EUR | 410 000 | 410 000 | % | 102.917 | 421 959.70 | 0.22 |
| 2.125 % Rexel SA (MTN) 2021/2028  .................  | EUR | 480 000 |  | % | 79.185 | 380 088.00 | 0.20 |
| 0.75  % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |
| 2022/2027 ** .............................  | EUR | 1 110 000 | 1 110 000 | % | 88.849 | 986 223.90 | 0.51 |
| 2.50  % Standard Chartered PLC (MTN) 2020/2030 * ....  | EUR | 300 000 |  | % | 94.294 | 282 882.00 | 0.15 |
| 1.625 % Svenska Handelsbanken AB (MTN) 2018/2029 * . | EUR | 1 000 000 | 1 000 000 | % | 97.547 | 975 470.00 | 0.50 |
| 2.376 % Telefonica Europe BV 2021/perpetual * **.......  | EUR | 1 000 000 |  | % | 71.149 | 711 490.00 | 0.37 |
| 2.75  % TenneT Holding BV (MTN) 2022/2042 .........  | EUR | 940 000 | 940 000 | % | 89.452 | 840 848.80 | 0.44 |
| 2.375 % Terna - Rete Elettrica Nazionale 2022/perpetual * . | EUR | 670 000 | 670 000 | % | 74.95 | 502 165.00 | 0.26 |
| 1.00  % UBS Group AG (MTN) 2022/2025 * ............  | EUR | 390 000 | 390 000 | % | 97.69 | 380 991.00 | 0.20 |
| 2.25  % UPM-Kymmene Oyj (MTN) 2022/2029 .........  | EUR | 750 000 | 750 000 | % | 93.323 | 699 922.50 | 0.36 |
| 1.00  % Viterra Finance BV (MTN) 2021/2028 ..........  | EUR | 900 000 |  | % | 80.709 | 726 381.00 | 0.38 |
| 1.625 % Volvo Treasury AB (MTN) 2022/2025 ..........  | EUR | 600 000 | 600 000 | % | 98.074 | 588 444.00 | 0.30 |
| 0.375 % Vonovia SE (MTN) 2021/2027 ................  | EUR | 800 000 |  | % | 84.165 | 673 320.00 | 0.35 |
| 1.625 % Vonovia SE (MTN) 2021/2051 ................  | EUR | 300 000 |  | % | 50.44 | 151 320.00 | 0.08 |
| 3.00  % Wintershall Dea Finance 2 BV 2021/perpetual * ..  | EUR | 500 000 |  | % | 65.81 | 329 050.00 | 0.17 |
| 2.499 % Wintershall Dea Finance BV 2021/perpetual * . . . . | EUR | 1 000 000 |  | % | 70.762 | 707 620.00 | 0.37 |
| 3.375 % Abertis Infraestructuras SA (MTN) 2019/2026 ...  | GBP | 1 500 000 | 1 500 000 | % | 94.44 | 1 654 072.21 | 0.86 |
| 1.50  % Banco Santander SA (MTN) 2021/2026 ........  | GBP | 1 100 000 |  | % | 89.899 | 1 154 661.73 | 0.60 |
| 1.55  % General Motors Financial Co., Inc. (MTN) |  |  |  |  |  |  |  |
| 2021/2027 ** .............................  | GBP | 530 000 |  | % | 85.479 | 528 983.99 | 0.27 |
| 7.125 % Heathrow Funding Ltd (MTN) 2012/2024 .......  | GBP | 800 000 |  | % | 104.111 | 972 509.46 | 0.50 |
| 2.50  % Intesa Sanpaolo SpA (MTN) 2020/2030 ........  | GBP | 1 000 000 |  | % | 83.691 | 977 205.68 | 0.51 |
| 6.50  % Lloyds Bank PLC (MTN) 2010/2040 ...........  | GBP | 300 000 |  | % | 128.824 | 451 258.36 | 0.23 |
| 1.625 % National Grid Gas PLC (MTN) 2021/2043 .......  | GBP | 1 070 000 |  | % | 59.805 | 747 185.61 | 0.39 |
| 1.625 % Nordea Bank Abp (MTN) 2021/2032 * ..........  | GBP | 730 000 |  | % | 83.22 | 709 345.47 | 0.37 |
| 2.50  % Orsted AS 2021/3021 * .....................  | GBP | 1 000 000 |  | % | 68.111 | 795 288.10 | 0.41 |
| 2.60  % AbbVie, Inc. 2020/2024 .....................  | USD | 1 000 000 | 1 000 000 | % | 96.859 | 929 951.01 | 0.48 |
| 1.75  % AerCap Ireland Capital DAC Via AerCap Global |  |  |  |  |  |  |  |
| Aviation Trust 2021/2024 ...................  | USD | 1 250 000 |  | % | 92.762 | 1 113 269.23 | 0.58 |
| 3.40  % AerCap Ireland Capital DAC Via AerCap Global |  |  |  |  |  |  |  |  |
| Aviation Trust 2021/2033 ...................  | USD | 870 000 |  | % | 78.863 | 658 737.88 | 0.34 |
| 3.20  % Allianz SE -Reg- 2021/perpetual * .............  | USD | 2 000 000 |  | % | 73.543 | 1 412 184.45 | 0.73 |
| 2.20  % Ally Financial, Inc. (MTN) 2021/2028 ..........  | USD | 1 000 000 |  | % | 81.528 | 782 756.85 | 0.40 |
| 3.625 % America Movil SAB de CV (MTN) 2019/2029 ....  | USD | 1 040 000 |  | % | 95.063 | 949 215.77 | 0.49 |
| 3.375 % American Express Co. 2022/2024 .............  | USD | 650 000 | 650 000 | % | 99.426 | 620 488.04 | 0.32 |
| 3.65  % American Tower Corp. (MTN) 2022/2027 .......  | USD | 640 000 | 640 000 | % | 95.12 | 584 483.03 | 0.30 |
| 3.15  % Amgen, Inc. 2020/2040 .....................  | USD | 1 410 000 |  | % | 79.441 | 1 075 434.35 | 0.56 |
| 5.45  % Anheuser-Busch InBev Worldwide, Inc. 2019/2039 | USD | 550 000 |  | % | 101.769 | 537 400.77 | 0.28 |
| 4.25  % Apple, Inc. 2017/2047 ......................  | USD | 980 000 |  | % | 98.144 | 923 442.63 | 0.48 |
| 2.70  % Archer-Daniels-Midland Co. 2021/2051  ........  | USD | 1 770 000 |  | % | 73.963 | 1 256 920.68 | 0.65 |
| 4.375 % AstraZeneca PLC 2015/2045  ................  | USD | 1 200 000 |  | % | 97.183 | 1 119 674.11 | 0.58 |
| 3.55  % AT&T, Inc. 2021/2055 ......................  | USD | 875 000 |  | % | 75.451 | 633 859.70 | 0.33 |
| 2.57  % Australia & New Zealand Banking Group Ltd -Reg- |  |  |  |  |  |  |  |
| 2020/2035 * ..............................  | USD | 2 570 000 |  | % | 80.229 | 1 979 632.57 | 1.02 |
| 4.08  % Baker Hughes Holdings LLC Via Baker Hughes |  |  |  |  |  |  |  |  |
| Co-Obligor, Inc. 2018/2047 ..................  | USD | 1 100 000 |  |  | % | 84.997 | 897 669.30 | 0.46 |
| 2.746 % Banco Santander SA (MTN) 2020/2025 ........  | USD | 1 400 000 |  |  | % | 94.801 | 1 274 268.78 | 0.66 |
| 4.20  % Bank of America Corp. (MTN) 2014/2024 .......  | USD | 800 000 |  |  | % | 100.316 | 770 513.55 | 0.40 |
| 3.946 % Bank of America Corp. 2018/2049 * ...........  | USD | 950 000 |  |  | % | 85.857 | 783 103.93 | 0.41 |
| 2.687 % Bank of America Corp. 2021/2032 * ...........  | USD | 2 000 000 |  |  | % | 84.239 | 1 617 570.76 | 0.84 |
| 1.80  % Bank of New York Mellon Corp. (MTN) 2021/2031 | USD | 2 000 000 |  |  | % | 81.019 | 1 555 739.80 | 0.81 |
| 4.588 % Bank of Nova Scotia 2022/2037 * .............  | USD | 850 000 | 850 000 |  | % | 91.83 | 749 417.10 | 0.39 |
| 3.25  % Bharti Airtel Ltd -Reg- (MTN) 2021/2031 ** .....  | USD | 1 260 000 |  |  | % | 84.678 | 1 024 380.32 | 0.53 |
| 1.90  % BlackRock, Inc. 2020/2031 ..................  | USD | 1 500 000 |  |  | % | 83.095 | 1 196 702.61 | 0.62 |
| 2.871 % BNP Paribas SA -Reg- 2021/2032 * ............  | USD | 1 000 000 |  |  | % | 83.308 | 799 846.77 | 0.41 |
| 2.45  % Boston Properties LP 2021/2033 .............  | USD | 2 620 000 |  |  | % | 76 | 1 911 767.05 | 0.99 |
| 4.70  % Boston Scientific Corp. 2019/2049 ............  | USD | 528 000 |  | 1 072 000 | % | 95.608 | 484 672.35 | 0.25 |
| 2.70  % BPCE SA -Reg- (MTN) 2019/2029 .............  | USD | 1 300 000 |  |  | % | 87.636 | 1 093 820.32 | 0.57 |
| 1.45  % Bristol-Myers Squibb Co. (MTN) 2020/2030 .....  | USD | 700 000 |  | 700 000 | % | 82.219 | 552 573.84 | 0.29 |
| 4.368 % Cardinal Health, Inc. 2017/2047 ..............  | USD | 720 000 |  |  | % | 85.331 | 589 874.23 | 0.31 |
| 4.90  % Cigna Corp. 2019/2048 .....................  | USD | 1 446 000 |  |  | % | 96.527 | 1 340 099.95 | 0.69 |
| 4.125 % Citigroup, Inc. 2016/2028 ...................  | USD | 1 000 000 |  |  | % | 95.836 | 920 129.10 | 0.48 |
| 2.014 % Citigroup, Inc. 2022/2026 * ..................  | USD | 1 000 000 | 2 330 000 | 1 330 000 | % | 93.749 | 900 091.65 | 0.47 |
| 3.60  % Cox Communications, Inc. -Reg- 2021/2051  ....  | USD | 2 200 000 |  |  | % | 75.643 | 1 597 759.89 | 0.83 |
| 2.811 % Credit Agricole SA -Reg- 2021/2041 ...........  | USD | 1 600 000 |  |  | % | 69.449 | 1 066 856.65 | 0.55 |
| 1.30  % CVS Health Corp. (MTN) 2020/2027 ...........  | USD | 865 000 |  |  | % | 86.111 | 715 146.19 | 0.37 |
| 2.70  % CVS Health Corp. 2020/2040 ................  | USD | 980 000 |  |  | % | 72.111 | 678 496.61 | 0.35 |
| 3.961 % Deutsche Bank AG/New York (MTN) 2019/2025 * | USD | 1 100 000 | 1 100 000 |  | % | 96.935 | 1 023 748.76 | 0.53 |
| 8.75  % Deutsche Telekom International Finance BV |  |  |  |  |  |  |  |  |
| 2000/2030 ...............................  | USD | 1 100 000 |  |  | % | 123.685 | 1 306 260.54 | 0.68 |
| 2.125 % Ecolab, Inc. 2020/2050 .....................  | USD | 1 130 000 |  |  | % | 64.6 | 700 859.64 | 0.36 |
| 3.625 % EDP Finance BV -Reg- (MTN) 2017/2024 .......  | USD | 1 000 000 |  |  | % | 99.632 | 956 574.80 | 0.50 |
| 1.71  % EDP Finance BV -Reg- (MTN) 2020/2028 .......  | USD | 1 730 000 |  |  | % | 85.45 | 1 419 313.26 | 0.73 |

| 2.875 % Enel Finance International NV -Reg- 2021/2041 ..  | USD | 1 200 000 |  |  | % | 67.242 | 774 714.99 | 0.40 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2.95  % Equinix, Inc. 2020/2051 .....................  | USD | 1 700 000 |  |  | % | 67.816 | 1 106 881.63 | 0.57 |
| 2.90  % Ford Motor Credit Co., LLC (MTN) 2021/2028 ...  | USD | 1 299 000 |  |  | % | 81.015 | 1 010 403.11 | 0.52 |
| 6.25  % Goldman Sachs Group, Inc. 2011/2041 ........  | USD | 800 000 |  |  | % | 111.182 | 853 973.82 | 0.44 |
| 2.615 % Goldman Sachs Group, Inc. 2021/2032 * .......  | USD | 1 000 000 |  | 1 710 000 | % | 83.167 | 798 493.02 | 0.41 |
| 6.625 % Grupo Televisa SAB 2010/2040  ..............  | USD | 1 000 000 |  |  | % | 109.113 | 1 047 602.64 | 0.54 |
| 4.00  % GSK Consumer Healthcare Capital US LLC -144A- |  |  |  |  |  |  |  |  |
| 2022/2052 ...............................  | USD | 450 000 | 450 000 |  | % | 86.631 | 374 288.02 | 0.19 |
| 3.50  % Hankook Tire & Technology Co., Ltd (MTN) |  |  |  |  |  |  |  |  |
| 2018/2023 ...............................  | USD | 1 000 000 |  |  | % | 99.946 | 959 589.54 | 0.50 |
| 5.50  % HCA, Inc. 2017/2047 .......................  | USD | 1 100 000 |  |  | % | 90.489 | 955 671.34 | 0.49 |
| 5.875 % Home Depot, Inc. 2006/2036 ................  | USD | 400 000 |  |  | % | 114.86 | 441 112.02 | 0.23 |
| 2.65  % HP, Inc. (MTN) 2022/2031 ..................  | USD | 2 500 000 | 2 500 000 |  | % | 80.119 | 1 923 072.32 | 1.00 |
| 1.589 % HSBC Holdings PLC (MTN) 2020/2027 * ........  | USD | 1 750 000 |  |  | % | 87.873 | 1 476 432.48 | 0.76 |
| 4.762 % HSBC Holdings PLC 2022/2033 * .............  | USD | 870 000 | 870 000 |  | % | 92.54 | 772 981.03 | 0.40 |
| 3.65  % Intercontinental Exchange, Inc. 2022/2025 ......  | USD | 610 000 | 610 000 |  | % | 99.56 | 583 088.95 | 0.30 |
| 6.00  % Johnson Controls International Plc 2016/2036 ...  | USD | 900 000 |  |  | % | 109.126 | 942 958.42 | 0.49 |
| 1.75  % Johnson Controls International Plc Via Tyco |  |  |  |  |  |  |  |  |
| Fire & Security Finance SCA (MTN) 2020/2030 ..  | USD | 800 000 |  |  | % | 81.616 | 626 881.40 | 0.32 |
| 4.323 % JPMorgan Chase & Co. (MTN) 2022/2028 * .....  | USD | 1 150 000 | 1 150 000 |  | % | 98.372 | 1 086 149.06 | 0.56 |
| 3.75  % Juniper Networks, Inc. (MTN) 2019/2029 .......  | USD | 480 000 |  | 420 000 | % | 91.912 | 423 578.14 | 0.22 |
| 3.95  % Keurig Dr Pepper, Inc. (MTN) 2022/2029 .......  | USD | 850 000 | 850 000 |  | % | 95.274 | 777 523.30 | 0.40 |
| 2.875 % Kimberly-Clark Corp. 2020/2050 ..............  | USD | 1 700 000 |  |  | % | 75.931 | 1 239 333.33 | 0.64 |
| 3.95  % Kroger Co. 2020/2050 ......................  | USD | 1 100 000 |  |  | % | 85.186 | 899 665.36 | 0.47 |
| 4.00  % Lam Research Corp. (MTN) 2019/2029  ........  | USD | 637 000 |  |  | % | 98.166 | 600 372.26 | 0.31 |
| 6.30  % Lincoln National Corp. 2007/2037 .............  | USD | 400 000 |  |  | % | 109.513 | 420 577.23 | 0.22 |
| 4.582 % Lloyds Banking Group PLC (MTN) 2016/2025  ...  | USD | 1 000 000 |  |  | % | 98 | 940 905.84 | 0.49 |
| 4.25  % Lowe‘s Cos, Inc. 2022/2052 .................  | USD | 740 000 | 740 000 |  | % | 86.649 | 615 623.75 | 0.32 |
| 4.15  % Merck & Co., Inc. 2013/2043 ................  | USD | 1 330 000 |  |  | % | 95.108 | 1 214 475.56 | 0.63 |
| 4.60  % MetLife, Inc. 2015/2046 ....................  | USD | 270 000 |  |  | % | 97.025 | 251 517.09 | 0.13 |
| 2.703 % Micron Technology, Inc. 2021/2032 ...........  | USD | 1 300 000 |  |  | % | 79.854 | 996 690.04 | 0.52 |
| 2.309 % Mitsubishi UFJ Financial Group, Inc. 2021/2032 * | USD | 1 700 000 |  |  | % | 81.888 | 1 336 562.51 | 0.69 |
| 3.837 % Mitsubishi UFJ Financial Group, Inc. 2022/2026 * | USD | 1 000 000 | 2 000 000 | 1 000 000 | % | 98.667 | 947 309.76 | 0.49 |
| 4.018 % Mizuho Financial Group, Inc. (MTN) 2018/2028 ..  | USD | 1 350 000 |  |  | % | 95.76 | 1 241 189.22 | 0.64 |
| 4.20  % Molson Coors Beverage Co. 2016/2046 ........  | USD | 1 300 000 |  |  | % | 83.321 | 1 039 963.06 | 0.54 |
| 2.699 % Morgan Stanley (MTN) 2020/2031 * ...........  | USD | 990 000 |  |  | % | 86.719 | 824 270.10 | 0.43 |
| 3.217 % Morgan Stanley 2021/2042 * .................  | USD | 440 000 |  |  | % | 78.903 | 333 323.77 | 0.17 |
| 2.484 % Morgan Stanley 2021/2036 * .................  | USD | 1 310 000 |  |  | % | 76.823 | 966 234.74 | 0.50 |
| 3.25  % Nasdaq, Inc. 2020/2050 ....................  | USD | 755 000 |  |  | % | 73.386 | 531 961.57 | 0.28 |
| 1.653 % Nomura Holdings, Inc. (MTN) 2021/2026 .......  | USD | 1 540 000 |  |  | % | 87.886 | 1 299 452.80 | 0.67 |
| 2.71  % Nomura Holdings, Inc. (MTN) 2022/2029 .......  | USD | 1 950 000 | 1 950 000 |  | % | 85.594 | 1 602 499.94 | 0.83 |
| 2.30  % Norfolk Southern Corp. (MTN) 2021/2031 ......  | USD | 1 850 000 |  |  | % | 85.399 | 1 516 856.87 | 0.79 |
| 3.70  % Norfolk Southern Corp. 2022/2053 ............  | USD | 600 000 | 600 000 |  | % | 82.732 | 476 589.93 | 0.25 |
| 3.40  % NXP BV Via NXP Funding LLC Via NXP USA, Inc. |  |  |  |  |  |  |  |  |
| (MTN) 2022/2030 .........................  | USD | 685 000 | 685 000 |  | % | 89.699 | 589 926.98 | 0.31 |
| 3.25  % NXP BV Via NXP Funding LLC Via NXP USA, Inc. |  |  |  |  |  |  |  |  |
| 2022/2051 ...............................  | USD | 1 050 000 | 1 050 000 |  | % | 70.465 | 710 367.11 | 0.37 |
| 9.00  % Orange SA 2002/2031 ......................  | USD | 300 000 |  |  | % | 129.096 | 371 838.31 | 0.19 |
| 4.30  % Owens Corning 2017/2047 ..................  | USD | 500 000 |  |  | % | 81.848 | 392 914.60 | 0.20 |
| 4.20  % Paramount Global (MTN) 2019/2029 ...........  | USD | 1 400 000 |  |  | % | 93.819 | 1 261 069.21 | 0.65 |
| 3.90  % PayPal Holdings, Inc. (MTN) 2022/2027 ........  | USD | 410 000 | 410 000 |  | % | 99.437 | 391 428.06 | 0.20 |
| 2.875 % PepsiCo, Inc. 2019/2049 ....................  | USD | 650 000 |  |  | % | 79.58 | 496 635.07 | 0.26 |
| 5.875 % Prudential Financial, Inc. 2012/2042 * ..........  | USD | 1 000 000 |  |  | % | 98.979 | 950 305.30 | 0.49 |
| 4.35  % Prudential Financial, Inc. (MTN) 2019/2050 .....  | USD | 1 000 000 |  |  | % | 92.732 | 890 327.35 | 0.46 |
| 3.70  % Prudential Financial, Inc. 2020/2050 * ..........  | USD | 700 000 |  |  | % | 82.267 | 552 896.43 | 0.29 |
| 3.60  % Public Service Co. of New Hampshire 2019/2049 | USD | 1 400 000 |  |  | % | 84.373 | 1 134 100.69 | 0.59 |
| 4.30  % Rogers Communications, Inc. 2018/2048 .......  | USD | 800 000 |  |  | % | 84.581 | 649 655.16 | 0.34 |
| 1.15  % Royal Bank of Canada (MTN) 2021/2026 .......  | USD | 1 100 000 |  |  | % | 89.214 | 942 205.83 | 0.49 |
| 3.375 % Royal Bank of Canada 2022/2025 .............  | USD | 2 300 000 | 2 300 000 |  | % | 98.622 | 2 177 818.74 | 1.13 |
| 2.70  % Salesforce, Inc. 2021/2041 ..................  | USD | 970 000 |  |  | % | 77.448 | 721 276.91 | 0.37 |
| 2.65  % Simon Property Group LP (MTN) 2022/2032 ....  | USD | 1 100 000 | 2 600 000 | 1 500 000 | % | 82.858 | 875 078.92 | 0.45 |
| 3.125 % SoftBank Group Corp. 2021/2025 .............  | USD | 2 010 000 |  |  | % | 88.429 | 1 706 517.95 | 0.88 |
| 6.00  % Sprint Communications, Inc. (MTN) 2012/2022 ..  | USD | 1 100 000 |  |  | % | 100.71 | 1 063 617.24 | 0.55 |
| 6.00  % Standard Chartered Plc -Reg- 2020/perpetual * **. | USD | 1 170 000 |  |  | % | 95.133 | 1 068 654.07 | 0.55 |
| 1.456 % Standard Chartered PLC -Reg- (MTN) 2021/2027 * ** | USD | 2 300 000 |  |  | % | 88.447 | 1 953 129.46 | 1.01 |
| 4.00  % Stanley Black & Decker, Inc. 2020/2060 * .......  | USD | 631 000 |  |  | % | 87.371 | 529 318.11 | 0.27 |
| 2.142 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2020/2030 ...............................  | USD | 1 800 000 |  |  | % | 80.436 | 1 390 090.45 | 0.72 |
| 2.174 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2022/2027 ...............................  | USD | 360 000 | 360 000 | % | 90.679 | 313 421.88 | 0.16 |
| 4.75  % Svenska Handelsbanken AB 2020/perpetual * ...  | USD | 600 000 |  | % | 82.28 | 473 986.12 | 0.25 |
| 3.356 % Swedbank AB 2022/2025 ...................  | USD | 830 000 | 830 000 | % | 98.431 | 784 386.44 | 0.41 |
| 1.81  % Tencent Holdings Ltd -Reg- (MTN) 2020/2026 ...  | USD | 620 000 |  | % | 92.422 | 550 157.63 | 0.28 |
| 2.70  % Texas Instruments, Inc. 2021/2051 ...........  | USD | 1 460 000 |  | % | 76.648 | 1 074 419.23 | 0.56 |
| 5.30  % Thermo Fisher Scientific, Inc. 2013/2044 .......  | USD | 1 200 000 |  | % | 107.422 | 1 237 640.66 | 0.64 |
| 1.60  % TJX Cos, Inc. 2020/2031 ....................  | USD | 1 210 000 |  | % | 80.633 | 936 738.30 | 0.48 |
| 3.20  % Toyota Motor Credit Corp. (MTN) 2018/2025 ....  | USD | 1 200 000 |  | % | 98.944 | 1 139 963.11 | 0.59 |
| 2.095 % UBS Group AG -Reg- 2021/2032 * ............  | USD | 1 380 000 |  | % | 79.584 | 1 054 447.44 | 0.55 |
| 3.25  % UnitedHealth Group, Inc. 2021/2051 ..........  | USD | 2 400 000 |  | % | 79.35 | 1 828 429.68 | 0.95 |
| 2.10  % Verizon Communications, Inc. (MTN) 2021/2028 . | USD | 820 000 |  | % | 88.804 | 699 143.73 | 0.36 |
| 3.55  % Verizon Communications, Inc. 2021/2051 ......  | USD | 1 220 000 |  | % | 80.236 | 939 829.75 | 0.49 |
| 4.30  % Visa, Inc. 2015/2045 .......................  | USD | 1 000 000 |  | % | 98.566 | 946 340.05 | 0.49 |
| 1.40  % VMware, Inc. (MTN) 2021/2026 ..............  | USD | 1 050 000 |  | % | 88.469 | 891 867.84 | 0.46 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period |  | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2.20  % VMware, Inc. (MTN) 2021/2031 ..............  | USD | 2 400 000 |  |  | % | 78.77 | 1 815 064.97 | 0.94 |
| 4.875 % Vodafone Group PLC 2019/2049  .............  | USD | 500 000 |  | 500 000 | % | 92.239 | 442 797.01 | 0.23 |
| 5.125 % Vodafone Group PLC 2021/2081 * ............  | USD | 1 450 000 |  |  | % | 67.917 | 945 511.00 | 0.49 |
| 3.50  % Walt Disney Co. 2020/2040 .................  | USD | 1 490 000 |  |  | % | 85.135 | 1 217 908.04 | 0.63 |
| 2.80  % Welltower, Inc. (MTN) 2021/2031 .............  | USD | 1 755 000 |  |  | % | 84.372 | 1 421 659.38 | 0.74 |
| 3.85  % Welltower, Inc. (MTN) 2022/2032 .............  | USD | 460 000 | 460 000 |  | % | 91.363 | 403 504.40 | 0.21 |
| 2.60  % Zimmer Biomet Holdings, Inc. (MTN) 2021/2031 . | USD | 1 790 000 |  |  | % | 81.504 | 1 400 722.30 | 0.73 |
| Securities admitted to or included in organized markets |  |  |  |  |  |  | 9 318 388.42 | 4.83 |
| Interest-bearing securities 1.80  % 7-Eleven, Inc. -144A- (MTN) 2021/2031 ........  | USD | 2 211 000 |  |  | % | 78.132 | 1 658 585.15 | 0.86 |
| 3.80  % Alcon Finance Corp. -144A- 2019/2049  ........  | USD | 700 000 |  |  | % | 79.553 | 534 656.30 | 0.28 |
| 4.875 % BPCE SA -144A- (MTN) 2016/2026 ............  | USD | 750 000 |  |  | % | 98.857 | 711 850.47 | 0.37 |
| 3.65  % Corebridge Financial, Inc. -144A- (MTN) 2022/2027 | USD | 750 000 | 750 000 |  | % | 94.148 | 677 941.86 | 0.35 |
| 4.40  % Corebridge Financial, Inc. -144A- 2022/2052 ....  3.05 % Jackson National Life Global Funding -144A- (MTN) 2019/2029 ...............................  | USD USD | 580 000 750 000 | 580 000 |  | % % | 83.818 92.132 | 466 751.13 663 425.03 | 0.24 0.34 |
| 3.638 % Magallanes, Inc. -144A- 2022/2025 ............  | USD | 890 000 | 890 000 |  | % | 97.087 | 829 604.65 | 0.43 |
| 5.05  % Magallanes, Inc. -144A- 2022/2042 ............  1.55 % Metropolitan Life Global Funding I -144A- (MTN) 2021/2031 ...............................  | USD USD | 700 000 1 500 000 | 700 000 1 500 000 |  | % % | 85.764 79.497 | 576 398.92 1 144 885.59 | 0.30 0.59 |
| 3.80  % Rogers Communications, Inc. -144A- (MTN) 2022/2032 ...............................  | USD | 800 000 | 1 600 000 | 800 000 | % | 91.854 | 705 518.08 | 0.37 |
| 3.653 % Societe Generale SA -144A- 2020/2035 * .......  | USD | 1 700 000 |  |  | % | 82.636 | 1 348 771.24 | 0.70 |
| Total securities portfolio |  |  |  |  |  |  | 196 689 171.12 | 101.88 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Interest rate derivatives Receivables/payables |  |  |  |  |  |  | 473 642.15 | 0.24 |
| Interest rate futures Germany Federal Republic Bonds 5 year 09/2022 (MS) .....  | Count | -120 |  | 120 |  |  | 6 300.00 | 0.00 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) ....  | Count | -38 |  | 38 |  |  | 83 220.00 | 0.04 |
| Euro Buxl Futures 09/2022 (MS) .......................  | Count | -5 |  | 5 |  |  | 36 760.00 | 0.02 |
| US Treasury Notes 10 year Futures 09/2022 (MS) .........  | Count | 37 | 37 |  |  |  | -74 933.42 | -0.04 |
| US Treasury Notes 10 year Futures 09/2022 (MS) .........  | Count | -121 |  | 121 |  |  | 310 343.33 | 0.16 |
| US Treasury Notes 30 year Futures 09/2022 (MS) .........  | Count | -35 |  | 35 |  |  | 111 952.24 | 0.06 |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | -2 187 941.86 | -1.13 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |  |  |  |
| Open positions CHF/EUR 0.6 million ................................  |  |  |  |  |  |  | 11 662.92 | 0.01 |
| Closed positions USD/EUR 0.1 million ................................  |  |  |  |  |  |  | -3.49 | 0.00 |
| Forward currency transactions (short) |  |  |  |  |  |  |  |  |
| Open positions EUR/GBP 7.7 million ................................  |  |  |  |  |  |  | -74 050.00 | -0.04 |
| EUR/USD 136.9 million ..............................  |  |  |  |  |  |  | -2 125 551.29 | -1.10 |
| Cash at bank |  |  |  |  |  |  | 557 195.61 | 0.29 |
| Demand deposits at Depositary |  |  |  |  |  |  |  |  |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 476 371 |  |  |  |  | 556 228.31 | 0.29 |
| Swiss franc .......................................  | CHF | 963 |  |  |  |  | 967.30 | 0.00 |
| Other assets |  |  |  |  |  |  | 1 861 479.96 | 0.97 |
| Interest receivable .................................  |  |  |  |  |  |  | 1 849 947.51 | 0.96 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  |  | 11 388.27 | 0.01 |
| Other receivables ..................................  |  |  |  |  |  |  | 144.18 | 0.00 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 12 088.45 | 0.01 |
| Total assets *** |  |  |  |  |  |  | 199 680 173.63 | 103.44 |
| Short-term liabilities |  |  |  |  |  |  | -310 314.81 | -0.16 |
| EUR loans ........................................  | EUR |  |  |  |  |  | -229 533.98 | -0.12 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Loans in non-EU/EEA currencies |  |  |  |  |  |
| U.S. dollar ........................................  | USD | -84 137 |  | -80 780.83 | -0.04 |
| Other liabilities |  |  |  | -889 773.60 | -0.47 |
| Additional other liabilities.............................  |  |  |  | -889 773.60 | -0.47 |
| Liabilities from share certificate transactions |  |  |  | -3 143 433.47 | -1.63 |
| Total liabilities |  |  |  | -6 618 060.08 | -3.44 |
| Net assets |  |  |  | 193 062 113.55 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
A list of the transactions completed during the reporting period that no longer appear in the investment portfolio is available free of charge from the Management Company upon request.
| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Net asset value per share Class CHF FCH10 ..................................  | CHF | 85.54 |
| Class FC .........................................  | EUR | 98.11 |
| Class FD10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | EUR | 85.52 |
| Class ID ..........................................  | EUR | 84.13 |
| Class LC .........................................  | EUR | 92.48 |
| Class TFC.........................................  | EUR | 92.86 |
| Class TFD.........................................  | EUR | 84.66 |
| Class XC .........................................  | EUR | 99.24 |
| Class XD .........................................  | EUR | 88.72 |
| Class USD FCH10 ..................................  | USD | 86.90 |
| Number of shares outstanding Class CHF FCH10 ..................................  | Count | 7 350.000 |
| Class FC .........................................  | Count | 15 353.000 |
| Class FD10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 212 933.382 |
| Class ID ..........................................  | Count | 1 104 298.858 |
| Class LC .........................................  | Count | 11 843.912 |
| Class TFC.........................................  | Count | 136 194.066 |
| Class TFD.........................................  | Count | 14 928.000 |
| Class XC .........................................  | Count | 131 570.000 |
| Class XD .........................................  | Count | 583 067.000 |
| Class USD FCH10 ..................................  | Count | 100.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) BBG Global Aggregate Corporate EUR Hedged Index
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure ......................  | % | 95.072 |
| --- | --- | --- |
| Highest market risk exposure ......................  | % | 129.214 |
| Average market risk exposure......................  | % | 109.654 |

The values-at-risk were calculated for the period from January 1, 2022, through June 30, 2022, using historical simulation with a 99% confidence level, a 10-day holding period and an effective historical observation period of one year. The risk in a reference portfolio that does not contain derivatives is used as the measurement benchmark. Market risk is the risk to the fund’s assets arising from an unfavorable change in market prices. The Company determines the potential market risk by means of the relative value-at-risk approachas defined in CSSF circular 11/512.
In the reporting period, the average leverage effect from the use of derivatives was 1.1, whereby the total of the nominal amounts of the derivatives in relation to the fund’s assets was used for the calculation (sum-of-notional approach).
The gross exposure generated via derivatives pursuant to point 40 a) of the “Guidelines on ETFs and other UCITS issues” of the European Securities and Markets Authority (ESMA) totaled EUR 178 509 478.47 as of the reporting date.
 Market abbreviations	 Futures exchanges
MS = Morgan Stanley Bank AG
Contracting parties for forward currency transactions
Deutsche Bank AG and State Street Bank International GmbH.

####  Securities lending	
The following securities were transferred under securities loans at the reporting date:
| Security name | Currency/ quantity/ principal amount | Quantity/ principal amount | Securities loans Total market value in EUR No fixed maturity | Total |
| --- | --- | --- | --- | --- |
| 1.625 | % Alliander NV 2018/perpetual *	EUR | 500 000 | 444 380.00 |
| 0.75 | % American Medical Systems Europe BV 2022/2025	EUR | 550 000 | 527 345.50 |
| 1.50 | % ASTM SpA (MTN) 2021/2030	EUR | 1 000 000 | 772 000.00 |
| 1.125 | % Banque Federative du Credit Mutuel SA (MTN) 2021/2031	EUR | 500 000 | 365 170.00 |
| 2.25 | % Bouygues SA (MTN) 2022/2029	EUR | 600 000 | 565 308.00 |
| 3.25 | % Bouygues SA 2022/2037	EUR | 500 000 | 457 995.00 |
| 0.50 | % Credit Agricole SA (MTN) 2021/2029 *	EUR | 500 000 | 414 270.00 |
| 1.875 | % Engie SA 2021/perpetual *	EUR | 900 000 | 623 547.00 |
| 0.318 | % Highland Holdings Sarl (MTN) 2021/2026	EUR | 500 000 | 446 925.00 |
| 0.875 | % ING Groep NV (MTN) 2021/2032 *	EUR | 500 000 | 420 750.00 |
| 2.125 | % ING Groep NV (MTN) 2022/2026 *	EUR | 500 000 | 487 140.00 |
| 2.875 | % Orsted AS (MTN) 2022/2033	EUR | 500 000 | 486 160.00 |
| 0.75 | % Skandinaviska Enskilda Banken AB (MTN) 2022/2027	EUR | 500 000 | 444 245.00 |
| 2.376 | % Telefonica Europe BV 2021/perpetual *	EUR | 1 000 000 | 711 490.00 |
| 1.55 | % General Motors Financial Co., Inc. (MTN) 2021/2027	GBP | 530 000 | 528 983.99 |
| 3.25 | % Bharti Airtel Ltd -Reg- (MTN) 2021/2031	USD | 1 260 000 | 1 024 380.31 |
| 6.00 | % Standard Chartered Plc -Reg- 2020/perpetual *	USD | 500 000 | 456 689.77 |
| 1.456 % Standard Chartered PLC -Reg- (MTN) 2021/2027 *	USD | 800 000 | 679 349.38 |  |
| Total receivables from securities loans ......................... . . . . . . . . . . . . . . . . . . |  | 9 856 128.95 | 9 856 128.95 |
| Contracting parties for securities loans BarcDeutsche Bank AG FI, J.P. Morgan AG EQ |  |  |  |
| Total collateral pledged by third parties for securities loans thereof: Bonds |  | EUR EUR | 11 294 773.85 10 721 986.86 |
| Equities |  | EUR | 572 786.99 |

 Exchange rates (indirect quotes)	
As of June 30, 2022
| Swiss franc	CHF | 0.995461 | = EUR | 1 |
| --- | --- | --- | --- |
| British pound	GBP | 0.856432 | = EUR | 1 |
| U.S. dollar	USD | 1.041549 | = EUR | 1 |

 Notes on valuation	
Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV’s prospectus.
If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank International GmbH, Luxembourg Branch, as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure.
Assets reported in this report are not valued at derived market values.
 Footnotes	
* Floating interest rate.
** Some or all of these securities are lent.
*** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest ESG Global Corporate Bonds
DWS INVEST ESG GLOBAL CORPORATE BONDS

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse FC | LU0982744301 | -15,1% |
| Klasse FD10 | LU1747711544 | -15,0% |
| Klasse ID | LU1054336893 | -15,0% |
| Klasse LC | LU1982200948 | -15,2% |
| Klasse TFC | LU1663917257 | -15,1% |
| Klasse TFD | LU1663919899 | -15,1% |
| Klasse XC | LU1747711890 | -14,9% |
| Klasse XD | LU1997181182 | -14,9% |
| Klasse CHF FCH10 1) | LU2293918442 | -15,1% |
| Klasse USD FCH10 2) | LU2293918525 | -14,5% |


##### Barclays Global Aggregate Corporate TR (EUR hedged)
1) 
in CHF
2) 
in USD

##### -13,8%
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2022
DWS Invest ESG Global Corporate Bonds
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 196 689 171,12 | 101,88 |
| Summe Anleihen | 196 689 171,12 | 101,88 |
| 2. Derivate | -1 714 299,71 | -0,89 |
| 3. Bankguthaben | 557 195,61 | 0,29 |
| 4. Sonstige Vermögensgegenstände | 1 861 479,96 | 0,97 |
| 5. Forderungen aus Anteilscheingeschäften | 12 088,45 | 0,01 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -310 314,81 | -0,16 |
| 2. Sonstige Verbindlichkeiten | -889 773,60 | -0,47 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -3 143 433,47 | -1,63 |
| III. Fondsvermögen | 193 062 113,55 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
|  | Währung | Bestand | im Berichtszeitraum |  |  | EUR | vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  | 187 370 782,70 | 97,05 |
| Verzinsliche Wertpapiere 1,50  % A2A SpA (MTN) 2022/2028  .................  | EUR | 540 000 | 540 000 | % | 89,67 | 484 218,00 | 0,25 |
| 0,50  % ABN AMRO Bank NV (MTN) 2021/2029  .......  | EUR | 1 100 000 |  | % | 80,897 | 889 867,00 | 0,46 |
| 0,88  % AIA GROUP LTD 2021/2033 * ...............  | EUR | 600 000 |  | % | 81,545 | 489 270,00 | 0,25 |
| 6,25  % AIB Group PLC 2020/perpetual * .............  | EUR | 500 000 |  | % | 93,261 | 466 305,00 | 0,24 |
| 3,625 % AIB Group PLC 2022/2026 * .................  1,00 % Akelius Residential Property Financing BV (MTN) 2020/2028 ..............................  | EUR EUR | 730 000 440 000 | 730 000 | % % | 99,954 83,99 | 729 664,20 369 556,00 | 0,38 0,19 |
| 1,625 % Alliander NV 2018/perpetual * ** ............. 0,75 % American Medical Systems Europe BV 2022/2025 ** ............................  | EUR EUR | 800 000 550 000 | 550 000 | % % | 88,876 95,881 | 711 008,00 527 345,50 | 0,37 0,27 |
| 0,95 % American Tower Corp. (MTN) 2021/2030 ...... 4,625 % APCOA Parking Holdings GmbH -Reg- (MTN) 2021/2027  ..............................  | EUR EUR | 980 000 710 000 |  | % % | 78,269 81,744 | 767 036,20 580 382,40 | 0,40 0,30 |
| 1,50  % Arkema SA 2020/perpetual * ................  | EUR | 600 000 |  | % | 85,884 | 515 304,00 | 0,27 |
| 1,50  % ASTM SpA (MTN) 2021/2030 ** .............  | EUR | 1 310 000 |  | % | 77,2 | 1 011 320,00 | 0,52 |
| 1,625 % AusNet Services Holdings (MTN) 2021/2081 *  ..  | EUR | 220 000 | 130 000 | % | 76,07 | 167 354,00 | 0,09 |
| 3,941 % AXA SA (MTN) 2014/perpetual *  .............  | EUR | 1 000 000 |  | % | 98,629 | 986 290,00 | 0,51 |
| 5,75  % Banco de Sabadell SA 2021/perpetual * ........  | EUR | 1 200 000 |  | % | 82,626 | 991 512,00 | 0,51 |
| 1,875 % Bank of Ireland Group PLC (MTN) 2022/2026 * ..	EUR | 710 000 | 710 000 |  | % | 95,189 | 675 841,90 | 0,35 |
| 1,25  % Bankinter SA 2021/2032 *	EUR | 1 000 000 |  |  | % | 81,462 | 814 620,00 | 0,42 |
| 1,125 | % Banque Federative du Credit Mutuel SA (MTN) 2021/2031 ** ............................  | EUR | 1 300 000 |  |  | % | 73,034 | 949 442,00 | 0,49 |
| 1,25 | % Belfius Bank SA (MTN) 2021/2034 *  ..........  | EUR | 800 000 |  |  | % | 78,756 | 630 048,00 | 0,33 |
| 2,50 | % BNP Paribas (MTN) 2022/2032 * .............  | EUR | 500 000 | 500 000 |  | % | 91,054 | 455 270,00 | 0,24 |
| 2,10 | % BNP Paribas SA (MTN) 2022/2032  ...........  | EUR | 900 000 | 900 000 |  | % | 85,523 | 769 707,00 | 0,40 |
| 2,25 | % Bouygues SA (MTN) 2022/2029 ** ...........  | EUR | 600 000 | 600 000 |  | % | 94,218 | 565 308,00 | 0,29 |
| 3,25 | % Bouygues SA 2022/2037 ** .................  | EUR | 900 000 | 900 000 |  | % | 91,599 | 824 391,00 | 0,43 |
| 0,25 | % BPCE SA (MTN) 2021/2031  .................  | EUR | 800 000 |  |  | % | 77,167 | 617 336,00 | 0,32 |
| 1,50 | % BPCE SA 2021/2042 *  .....................  | EUR | 600 000 |  | 400 000 | % | 85,895 | 515 370,00 | 0,27 |
| 1,75 | % BPCE SA (MTN) 2022/2027  .................  | EUR | 600 000 | 1 200 000 | 600 000 | % | 95,113 | 570 678,00 | 0,30 |
| 1,00 | % Cofinimmo SA (MTN) 2022/2028 .............  | EUR | 900 000 | 900 000 |  | % | 84,341 | 759 069,00 | 0,39 |
| 3,00 | % Commerzbank AG (MTN) 2022/2027 * .........  | EUR | 500 000 | 500 000 |  | % | 97,679 | 488 395,00 | 0,25 |
| 3,25 | % Cooperatieve Rabobank UA 2019/perpetual * ...  | EUR | 1 200 000 |  |  | % | 82,019 | 984 228,00 | 0,51 |
| 4,875 | % Cooperatieve Rabobank UA 2022/perpetual * ...  | EUR | 400 000 | 400 000 |  | % | 84,062 | 336 248,00 | 0,17 |
| 1,50 | % Credit Agricole Assurances SA (MTN) 2021/2031 | EUR | 600 000 |  | 600 000 | % | 75,598 | 453 588,00 | 0,23 |
| 1,625 | % Credit Agricole SA (MTN) 2020/2030 * .........  | EUR | 400 000 |  |  | % | 93,385 | 373 540,00 | 0,19 |
| 0,50 | % Credit Agricole SA (MTN) 2021/2029 * ** .......  | EUR | 1 000 000 |  |  | % | 82,854 | 828 540,00 | 0,43 |
| 0,75 | % Danske Bank A/S (MTN) 2021/2029 * .........  | EUR | 900 000 |  |  | % | 84,06 | 756 540,00 | 0,39 |
| 1,00 | % Deutsche Bank AG (MTN) 2020/2025 * ........  | EUR | 800 000 |  |  | % | 94,419 | 755 352,00 | 0,39 |
| 1,375 | % Deutsche Bank AG 2021/2032 *  .............  | EUR | 800 000 |  | 300 000 | % | 76,415 | 611 320,00 | 0,32 |
| 1,875 | % Deutsche Bank AG (MTN) 2022/2028 * ........  | EUR | 600 000 | 600 000 |  | % | 90,298 | 541 788,00 | 0,28 |
| 1,375 | % Digital Intrepid Holding BV (MTN) 2022/2032  ...  | EUR | 700 000 | 1 370 000 | 670 000 | % | 71,492 | 500 444,00 | 0,26 |
| 0,45 | % DXC Capital Funding DAC -Reg- (MTN) 2021/2027 | EUR | 1 950 000 |  |  | % | 83,94 | 1 636 830,00 | 0,85 |
| 1,875 | % EDP Finance BV (MTN) 2022/2029  ...........  | EUR | 400 000 | 400 000 |  | % | 91,029 | 364 116,00 | 0,19 |
| 1,375 | % Eli Lilly & Co. 2021/2061  ...................  | EUR | 1 460 000 |  |  | % | 55,688 | 813 044,80 | 0,42 |
| 0,875 | % Enel Finance International NV (MTN) 2022/2031 . | EUR | 800 000 | 800 000 |  | % | 79,535 | 636 280,00 | 0,33 |
| 1,875 | % Engie SA 2021/perpetual * ** ................  | EUR | 900 000 |  | 700 000 | % | 69,283 | 623 547,00 | 0,32 |
| 2,00 | % Eni SpA 2021/perpetual * ...................  | EUR | 1 110 000 |  |  | % | 81,254 | 901 919,40 | 0,47 |
| 2,375 | % EQT AB (MTN) 2022/2028  ..................  | EUR | 910 000 | 910 000 |  | % | 91,266 | 830 520,60 | 0,43 |
| 2,875 | % EQT AB (MTN) 2022/2032  ..................  | EUR | 1 070 000 | 1 070 000 |  | % | 84,521 | 904 374,70 | 0,47 |
| 1,50 | % Erste Group Bank AG (MTN) 2022/2026  .......  | EUR | 600 000 | 600 000 |  | % | 95,533 | 573 198,00 | 0,30 |
| 0,875 | % Eurofins Scientific SE (MTN) 2021/2031  .......  | EUR | 1 410 000 |  |  | % | 75,225 | 1 060 672,50 | 0,55 |
| 4,00 | % Eurofins Scientific SE (MTN) 2022/2029  .......  | EUR | 720 000 | 720 000 |  | % | 99,743 | 718 149,60 | 0,37 |
| 0,50 | % Fomento Economico Mexicano SAB de CV (MTN) 2021/2028  ..............................  | EUR | 1 620 000 |  |  | % | 84,825 | 1 374 165,00 | 0,71 |
| 1,875 | % Fresenius SE & Co., KGaA (MTN) 2022/2025  ...  | EUR | 500 000 | 500 000 |  | % | 97,35 | 486 750,00 | 0,25 |
| 2,875 | % Fresenius SE & Co., KGaA (MTN) 2022/2030  ...  | EUR | 660 000 | 660 000 |  | % | 93,224 | 615 278,40 | 0,32 |
| 3,50 | % Getlink SE (MTN) 2020/2025  ................  | EUR | 690 000 |  |  | % | 95,868 | 661 489,20 | 0,34 |
| 1,375 | % GlaxoSmithKline Capital PLC (MTN) 2014/2024  . | EUR | 500 000 |  |  | % | 99,276 | 496 380,00 | 0,26 |
| 0,50 | % Hamburg Commercial Bank AG (MTN) 2021/2026 * | EUR | 700 000 |  |  | % | 90,082 | 630 574,00 | 0,33 |
| 0,318 | % Highland Holdings Sarl (MTN) 2021/2026 ** ....  | EUR | 1 040 000 |  |  | % | 89,385 | 929 604,00 | 0,48 |
| 0,625 | % Holding d‘Infrastructures de Transport SASU (MTN) 2021/2028  ..............................  | EUR | 800 000 |  |  | % | 82,887 | 663 096,00 | 0,34 |
| 0,625 | % HOWOGE Wohnungs-baugesellschaft mbH (MTN) 2021/2028  ..............................  | EUR | 700 000 |  |  | % | 84,301 | 590 107,00 | 0,31 |
| 1,874 | % Iberdrola International BV 2020/perpetual * .....  | EUR | 1 000 000 | 1 000 000 |  | % | 87,695 | 876 950,00 | 0,45 |
| 0,875 | % ING Groep NV (MTN) 2021/2032 * ** ..........  | EUR | 600 000 |  |  | % | 84,15 | 504 900,00 | 0,26 |
| 2,125 | % ING Groep NV (MTN) 2022/2026 * ** ..........  | EUR | 600 000 | 600 000 |  | % | 97,428 | 584 568,00 | 0,30 |
| 2,75 | % Investor AB (MTN) 2022/2032 ...............  | EUR | 390 000 | 390 000 |  | % | 97,878 | 381 724,20 | 0,20 |
| 0,00 | % Italgas SpA (MTN) 2021/2028  ...............  | EUR | 500 000 |  |  | % | 83,318 | 416 590,00 | 0,22 |
| 1,963 | % JPMorgan Chase & Co (MTN) 2022/2030 * .....  | EUR | 480 000 | 480 000 |  | % | 91,452 | 438 969,60 | 0,23 |
| 5,50 | % Kaefer SE & Co., KG -Reg- (MTN) 2018/2024  ...  | EUR | 650 000 |  |  | % | 98,221 | 638 436,50 | 0,33 |
| 0,375 | % LEG Immobilien SE (MTN) 2022/2026 .........  | EUR | 800 000 | 800 000 |  | % | 88,745 | 709 960,00 | 0,37 |
| 2,875 | % Mapfre SA (MTN) 2022/2030 ................  | EUR | 700 000 | 700 000 |  | % | 88,647 | 620 529,00 | 0,32 |
| 0,75 | % Mercedes-Benz Group AG (MTN) 2020/2030  ...  | EUR | 250 000 | 250 000 |  | % | 83,553 | 208 882,50 | 0,11 |
| 2,125 | % National Australia Bank (MTN) 2022/2028 ......  | EUR | 700 000 | 700 000 |  | % | 96,413 | 674 891,00 | 0,35 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 2,00  % Nationwide Building Society (MTN) 2017/2029 * . | EUR | 1 000 000 | 1 000 000 | % | 96,328 | 963 280,00 | 0,50 |
| 1,125 % Novo Nordisk Finance Netherlands BV (MTN) |  |  |  |  |  |  |  |
| 2022/2027  ..............................  | EUR | 470 000 | 470 000 | % | 94,791 | 445 517,70 | 0,23 |
| 2,875 % Organon & Co. Via Organon Foreign Debt Co-Issuer |  |  |  |  |  |  |  |
| BV -Reg- (MTN) 2021/2028  .................  | EUR | 640 000 |  | % | 84,06 | 537 984,00 | 0,28 |
| 2,875 % Orsted AS (MTN) 2022/2033 ** ..............  | EUR | 640 000 | 640 000 | % | 97,232 | 622 284,80 | 0,32 |
| 1,539 % Prosus NV -Reg- (MTN) 2020/2028  ...........  | EUR | 780 000 |  | % | 79,288 | 618 446,40 | 0,32 |
| 1,985 % Prosus NV -Reg- 2021/2033 .................  | EUR | 1 090 000 |  | % | 67,156 | 732 000,40 | 0,38 |
| 4,375 % Rentokil Initial Finance BV (MTN) 2022/2030  ...  | EUR | 410 000 | 410 000 | % | 102,917 | 421 959,70 | 0,22 |
| 2,125 % Rexel SA (MTN) 2021/2028  .................  | EUR | 480 000 |  | % | 79,185 | 380 088,00 | 0,20 |
| 0,75  % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |
| 2022/2027 ** ............................  | EUR | 1 110 000 | 1 110 000 | % | 88,849 | 986 223,90 | 0,51 |
| 2,50  % Standard Chartered PLC (MTN) 2020/2030 * ....  | EUR | 300 000 |  | % | 94,294 | 282 882,00 | 0,15 |
| 1,625 % Svenska Handelsbanken AB (MTN) 2018/2029 * . | EUR | 1 000 000 | 1 000 000 | % | 97,547 | 975 470,00 | 0,50 |
| 2,376 % Telefonica Europe BV 2021/perpetual * ** ......  | EUR | 1 000 000 |  | % | 71,149 | 711 490,00 | 0,37 |
| 2,75  % TenneT Holding BV (MTN) 2022/2042 .........  | EUR | 940 000 | 940 000 | % | 89,452 | 840 848,80 | 0,44 |
| 2,375 % Terna - Rete Elettrica Nazionale 2022/perpetual * | EUR | 670 000 | 670 000 | % | 74,95 | 502 165,00 | 0,26 |
| 1,00  % UBS Group AG (MTN) 2022/2025 * ...........  | EUR | 390 000 | 390 000 | % | 97,69 | 380 991,00 | 0,20 |
| 2,25  % UPM-Kymmene Oyj (MTN) 2022/2029  ........  | EUR | 750 000 | 750 000 | % | 93,323 | 699 922,50 | 0,36 |
| 1,00  % Viterra Finance BV (MTN) 2021/2028  .........  | EUR | 900 000 |  | % | 80,709 | 726 381,00 | 0,38 |
| 1,625 % Volvo Treasury AB (MTN) 2022/2025  .........  | EUR | 600 000 | 600 000 | % | 98,074 | 588 444,00 | 0,30 |
| 0,375 % Vonovia SE (MTN) 2021/2027  ...............  | EUR | 800 000 |  | % | 84,165 | 673 320,00 | 0,35 |
| 1,625 % Vonovia SE (MTN) 2021/2051  ...............  | EUR | 300 000 |  | % | 50,44 | 151 320,00 | 0,08 |
| 3,00  % Wintershall Dea Finance 2 BV 2021/perpetual *  . | EUR | 500 000 |  | % | 65,81 | 329 050,00 | 0,17 |
| 2,499 % Wintershall Dea Finance BV 2021/perpetual * ...  | EUR | 1 000 000 |  | % | 70,762 | 707 620,00 | 0,37 |
| 3,375 % Abertis Infraestructuras SA (MTN) 2019/2026 ...  | GBP | 1 500 000 | 1 500 000 | % | 94,44 | 1 654 072,21 | 0,86 |
| 1,50  % Banco Santander SA (MTN) 2021/2026 ........  | GBP | 1 100 000 |  | % | 89,899 | 1 154 661,73 | 0,60 |
| 1,55  % General Motors Financial Co., Inc. (MTN) |  |  |  |  |  |  |  |
| 2021/2027 ** ............................  | GBP | 530 000 |  | % | 85,479 | 528 983,99 | 0,27 |
| 7,125 % Heathrow Funding Ltd (MTN) 2012/2024  ......  | GBP | 800 000 |  | % | 104,111 | 972 509,46 | 0,50 |
| 2,50  % Intesa Sanpaolo SpA (MTN) 2020/2030 ........  | GBP | 1 000 000 |  | % | 83,691 | 977 205,68 | 0,51 |
| 6,50  % Lloyds Bank PLC (MTN) 2010/2040 ...........  | GBP | 300 000 |  | % | 128,824 | 451 258,36 | 0,23 |
| 1,625 % National Grid Gas PLC (MTN) 2021/2043  ......  | GBP | 1 070 000 |  | % | 59,805 | 747 185,61 | 0,39 |
| 1,625 % Nordea Bank Abp (MTN) 2021/2032 * .........  | GBP | 730 000 |  | % | 83,22 | 709 345,47 | 0,37 |
| 2,50  % Orsted AS 2021/3021 *  ....................  | GBP | 1 000 000 |  | % | 68,111 | 795 288,10 | 0,41 |
| 2,60  % AbbVie, Inc. 2020/2024  ....................  | USD | 1 000 000 | 1 000 000 | % | 96,859 | 929 951,01 | 0,48 |
| 1,75  % AerCap Ireland Capital DAC Via AerCap Global |  |  |  |  |  |  |  |
| Aviation Trust 2021/2024 ...................  | USD | 1 250 000 |  | % | 92,762 | 1 113 269,23 | 0,58 |
| 3,40  % AerCap Ireland Capital DAC Via AerCap Global |  |  |  |  |  |  |  |
| Aviation Trust 2021/2033 ...................  | USD | 870 000 |  | % | 78,863 | 658 737,88 | 0,34 |
| 3,20  % Allianz SE -Reg- 2021/perpetual * .............  | USD | 2 000 000 |  | % | 73,543 | 1 412 184,45 | 0,73 |
| 2,20  % Ally Financial, Inc. (MTN) 2021/2028 ..........  | USD | 1 000 000 |  | % | 81,528 | 782 756,85 | 0,40 |
| 3,625 % America Movil SAB de CV (MTN) 2019/2029  ...  | USD | 1 040 000 |  | % | 95,063 | 949 215,77 | 0,49 |
| 3,375 % American Express Co. 2022/2024  ............  | USD | 650 000 | 650 000 | % | 99,426 | 620 488,04 | 0,32 |
| 3,65  % American Tower Corp. (MTN) 2022/2027  ......  | USD | 640 000 | 640 000 | % | 95,12 | 584 483,03 | 0,30 |
| 3,15  % Amgen, Inc. 2020/2040  ....................  | USD | 1 410 000 |  | % | 79,441 | 1 075 434,35 | 0,56 |
| 5,45  % Anheuser-Busch InBev Worldwide, Inc. 2019/2039 | USD | 550 000 |  | % | 101,769 | 537 400,77 | 0,28 |
| 4,25  % Apple, Inc. 2017/2047  .....................  | USD | 980 000 |  | % | 98,144 | 923 442,63 | 0,48 |
| 2,70  % Archer-Daniels-Midland Co. 2021/2051  ........  | USD | 1 770 000 |  | % | 73,963 | 1 256 920,68 | 0,65 |
| 4,375 % AstraZeneca PLC 2015/2045  ................  | USD | 1 200 000 |  | % | 97,183 | 1 119 674,11 | 0,58 |
| 3,55  % AT&T, Inc. 2021/2055  .....................  | USD | 875 000 |  | % | 75,451 | 633 859,70 | 0,33 |
| 2,57  % Australia & New Zealand Banking Group Ltd -Reg- |  |  |  |  |  |  |  |
| 2020/2035 * .............................  | USD | 2 570 000 |  | % | 80,229 | 1 979 632,57 | 1,02 |
| 4,08  % Baker Hughes Holdings LLC Via Baker Hughes |  |  |  |  |  |  |  |  |
| Co-Obligor, Inc. 2018/2047  .................  | USD | 1 100 000 |  |  | % | 84,997 | 897 669,30 | 0,46 |
| 2,746 % Banco Santander SA (MTN) 2020/2025 ........  | USD | 1 400 000 |  |  | % | 94,801 | 1 274 268,78 | 0,66 |
| 4,20  % Bank of America Corp. (MTN) 2014/2024  ......  | USD | 800 000 |  |  | % | 100,316 | 770 513,55 | 0,40 |
| 3,946 % Bank of America Corp. 2018/2049 * ...........  | USD | 950 000 |  |  | % | 85,857 | 783 103,93 | 0,41 |
| 2,687 % Bank of America Corp. 2021/2032 * ...........  | USD | 2 000 000 |  |  | % | 84,239 | 1 617 570,76 | 0,84 |
| 1,80  % Bank of New York Mellon Corp. (MTN) 2021/2031 | USD | 2 000 000 |  |  | % | 81,019 | 1 555 739,80 | 0,81 |
| 4,588 % Bank of Nova Scotia 2022/2037 * .............  | USD | 850 000 | 850 000 |  | % | 91,83 | 749 417,10 | 0,39 |
| 3,25  % Bharti Airtel Ltd -Reg- (MTN) 2021/2031 ** .....  | USD | 1 260 000 |  |  | % | 84,678 | 1 024 380,32 | 0,53 |
| 1,90  % BlackRock, Inc. 2020/2031 ..................  | USD | 1 500 000 |  |  | % | 83,095 | 1 196 702,61 | 0,62 |
| 2,871 % BNP Paribas SA -Reg- 2021/2032 * ...........  | USD | 1 000 000 |  |  | % | 83,308 | 799 846,77 | 0,41 |
| 2,45  % Boston Properties LP 2021/2033 .............  | USD | 2 620 000 |  |  | % | 76 | 1 911 767,05 | 0,99 |
| 4,70  % Boston Scientific Corp. 2019/2049  ...........  | USD | 528 000 |  | 1 072 000 | % | 95,608 | 484 672,35 | 0,25 |
| 2,70  % BPCE SA -Reg- (MTN) 2019/2029  ............  | USD | 1 300 000 |  |  | % | 87,636 | 1 093 820,32 | 0,57 |
| 1,45  % Bristol-Myers Squibb Co. (MTN) 2020/2030  ....  | USD | 700 000 |  | 700 000 | % | 82,219 | 552 573,84 | 0,29 |
| 4,368 % Cardinal Health, Inc. 2017/2047 ..............  | USD | 720 000 |  |  | % | 85,331 | 589 874,23 | 0,31 |
| 4,90  % Cigna Corp. 2019/2048  ....................  | USD | 1 446 000 |  |  | % | 96,527 | 1 340 099,95 | 0,69 |
| 4,125 % Citigroup, Inc. 2016/2028 ...................  | USD | 1 000 000 |  |  | % | 95,836 | 920 129,10 | 0,48 |
| 2,014 % Citigroup, Inc. 2022/2026 * ..................  | USD | 1 000 000 | 2 330 000 | 1 330 000 | % | 93,749 | 900 091,65 | 0,47 |
| 3,60  % Cox Communications, Inc. -Reg- 2021/2051  ....  | USD | 2 200 000 |  |  | % | 75,643 | 1 597 759,89 | 0,83 |
| 2,811 % Credit Agricole SA -Reg- 2021/2041  ..........  | USD | 1 600 000 |  |  | % | 69,449 | 1 066 856,65 | 0,55 |
| 1,30  % CVS Health Corp. (MTN) 2020/2027  ..........  | USD | 865 000 |  |  | % | 86,111 | 715 146,19 | 0,37 |
| 2,70  % CVS Health Corp. 2020/2040 ................  | USD | 980 000 |  |  | % | 72,111 | 678 496,61 | 0,35 |
| 3,961 % Deutsche Bank AG/New York (MTN) 2019/2025 * | USD | 1 100 000 | 1 100 000 |  | % | 96,935 | 1 023 748,76 | 0,53 |
| 8,75  % Deutsche Telekom International Finance BV |  |  |  |  |  |  |  |  |
| 2000/2030  ..............................  | USD | 1 100 000 |  |  | % | 123,685 | 1 306 260,54 | 0,68 |
| 2,125 % Ecolab, Inc. 2020/2050 .....................  | USD | 1 130 000 |  |  | % | 64,6 | 700 859,64 | 0,36 |
| 3,625 % EDP Finance BV -Reg- (MTN) 2017/2024  ......  | USD | 1 000 000 |  |  | % | 99,632 | 956 574,80 | 0,50 |
| 1,71  % EDP Finance BV -Reg- (MTN) 2020/2028  ......  | USD | 1 730 000 |  |  | % | 85,45 | 1 419 313,26 | 0,73 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 2,875 % Enel Finance International NV -Reg- 2021/2041  . | USD | 1 200 000 |  |  | % | 67,242 | 774 714,99 | 0,40 |
| 2,95  % Equinix, Inc. 2020/2051  ....................  | USD | 1 700 000 |  |  | % | 67,816 | 1 106 881,63 | 0,57 |
| 2,90  % Ford Motor Credit Co., LLC (MTN) 2021/2028  ..  | USD | 1 299 000 |  |  | % | 81,015 | 1 010 403,11 | 0,52 |
| 6,25  % Goldman Sachs Group, Inc. 2011/2041 ........  | USD | 800 000 |  |  | % | 111,182 | 853 973,82 | 0,44 |
| 2,615 % Goldman Sachs Group, Inc. 2021/2032 * .......  | USD | 1 000 000 |  | 1 710 000 | % | 83,167 | 798 493,02 | 0,41 |
| 6,625 % Grupo Televisa SAB 2010/2040  ..............  | USD | 1 000 000 |  |  | % | 109,113 | 1 047 602,64 | 0,54 |
| 4,00  % GSK Consumer Healthcare Capital US LLC -144A- |  |  |  |  |  |  |  |  |
| 2022/2052  ..............................  | USD | 450 000 | 450 000 |  | % | 86,631 | 374 288,02 | 0,19 |
| 3,50  % Hankook Tire & Technology Co., Ltd (MTN) |  |  |  |  |  |  |  |  |
| 2018/2023  ..............................  | USD | 1 000 000 |  |  | % | 99,946 | 959 589,54 | 0,50 |
| 5,50  % HCA, Inc. 2017/2047  ......................  | USD | 1 100 000 |  |  | % | 90,489 | 955 671,34 | 0,49 |
| 5,875 % Home Depot, Inc. 2006/2036  ...............  | USD | 400 000 |  |  | % | 114,86 | 441 112,02 | 0,23 |
| 2,65  % HP, Inc. (MTN) 2022/2031 ..................  | USD | 2 500 000 | 2 500 000 |  | % | 80,119 | 1 923 072,32 | 1,00 |
| 1,589 % HSBC Holdings PLC (MTN) 2020/2027 * .......  | USD | 1 750 000 |  |  | % | 87,873 | 1 476 432,48 | 0,76 |
| 4,762 % HSBC Holdings PLC 2022/2033 * .............  | USD | 870 000 | 870 000 |  | % | 92,54 | 772 981,03 | 0,40 |
| 3,65  % Intercontinental Exchange, Inc. 2022/2025 .....  | USD | 610 000 | 610 000 |  | % | 99,56 | 583 088,95 | 0,30 |
| 6,00  % Johnson Controls International Plc 2016/2036  ..  | USD | 900 000 |  |  | % | 109,126 | 942 958,42 | 0,49 |
| 1,75  % Johnson Controls International Plc Via Tyco |  |  |  |  |  |  |  |  |
| Fire & Security Finance SCA (MTN) 2020/2030 ..  | USD | 800 000 |  |  | % | 81,616 | 626 881,40 | 0,32 |
| 4,323 % JPMorgan Chase & Co. (MTN) 2022/2028 *  ....  | USD | 1 150 000 | 1 150 000 |  | % | 98,372 | 1 086 149,06 | 0,56 |
| 3,75  % Juniper Networks, Inc. (MTN) 2019/2029  ......  | USD | 480 000 |  | 420 000 | % | 91,912 | 423 578,14 | 0,22 |
| 3,95  % Keurig Dr Pepper, Inc. (MTN) 2022/2029  ......  | USD | 850 000 | 850 000 |  | % | 95,274 | 777 523,30 | 0,40 |
| 2,875 % Kimberly-Clark Corp. 2020/2050  .............  | USD | 1 700 000 |  |  | % | 75,931 | 1 239 333,33 | 0,64 |
| 3,95  % Kroger Co. 2020/2050  .....................  | USD | 1 100 000 |  |  | % | 85,186 | 899 665,36 | 0,47 |
| 4,00  % Lam Research Corp. (MTN) 2019/2029  ........  | USD | 637 000 |  |  | % | 98,166 | 600 372,26 | 0,31 |
| 6,30  % Lincoln National Corp. 2007/2037  ............  | USD | 400 000 |  |  | % | 109,513 | 420 577,23 | 0,22 |
| 4,582 % Lloyds Banking Group PLC (MTN) 2016/2025  ...  | USD | 1 000 000 |  |  | % | 98 | 940 905,84 | 0,49 |
| 4,25  % Lowe‘s Cos, Inc. 2022/2052  ................  | USD | 740 000 | 740 000 |  | % | 86,649 | 615 623,75 | 0,32 |
| 4,15  % Merck & Co., Inc. 2013/2043 ................  | USD | 1 330 000 |  |  | % | 95,108 | 1 214 475,56 | 0,63 |
| 4,60  % MetLife, Inc. 2015/2046 ....................  | USD | 270 000 |  |  | % | 97,025 | 251 517,09 | 0,13 |
| 2,703 % Micron Technology, Inc. 2021/2032  ..........  | USD | 1 300 000 |  |  | % | 79,854 | 996 690,04 | 0,52 |
| 2,309 % Mitsubishi UFJ Financial Group, Inc. 2021/2032 * | USD | 1 700 000 |  |  | % | 81,888 | 1 336 562,51 | 0,69 |
| 3,837 % Mitsubishi UFJ Financial Group, Inc. 2022/2026 * | USD | 1 000 000 | 2 000 000 | 1 000 000 | % | 98,667 | 947 309,76 | 0,49 |
| 4,018 % Mizuho Financial Group, Inc. (MTN) 2018/2028 . . | USD | 1 350 000 |  |  | % | 95,76 | 1 241 189,22 | 0,64 |
| 4,20  % Molson Coors Beverage Co. 2016/2046  .......  | USD | 1 300 000 |  |  | % | 83,321 | 1 039 963,06 | 0,54 |
| 2,699 % Morgan Stanley (MTN) 2020/2031 * ...........  | USD | 990 000 |  |  | % | 86,719 | 824 270,10 | 0,43 |
| 3,217 % Morgan Stanley 2021/2042 * ................  | USD | 440 000 |  |  | % | 78,903 | 333 323,77 | 0,17 |
| 2,484 % Morgan Stanley 2021/2036 * ................  | USD | 1 310 000 |  |  | % | 76,823 | 966 234,74 | 0,50 |
| 3,25  % Nasdaq, Inc. 2020/2050 ....................  | USD | 755 000 |  |  | % | 73,386 | 531 961,57 | 0,28 |
| 1,653 % Nomura Holdings, Inc. (MTN) 2021/2026  ......  | USD | 1 540 000 |  |  | % | 87,886 | 1 299 452,80 | 0,67 |
| 2,71  % Nomura Holdings, Inc. (MTN) 2022/2029  ......  | USD | 1 950 000 | 1 950 000 |  | % | 85,594 | 1 602 499,94 | 0,83 |
| 2,30  % Norfolk Southern Corp. (MTN) 2021/2031 ......  | USD | 1 850 000 |  |  | % | 85,399 | 1 516 856,87 | 0,79 |
| 3,70  % Norfolk Southern Corp. 2022/2053  ...........  | USD | 600 000 | 600 000 |  | % | 82,732 | 476 589,93 | 0,25 |
| 3,40  % NXP BV Via NXP Funding LLC Via NXP USA, Inc. |  |  |  |  |  |  |  |  |
| (MTN) 2022/2030 .........................  | USD | 685 000 | 685 000 |  | % | 89,699 | 589 926,98 | 0,31 |
| 3,25  % NXP BV Via NXP Funding LLC Via NXP USA, Inc. |  |  |  |  |  |  |  |  |
| 2022/2051  ..............................  | USD | 1 050 000 | 1 050 000 |  | % | 70,465 | 710 367,11 | 0,37 |
| 9,00  % Orange SA 2002/2031  .....................  | USD | 300 000 |  |  | % | 129,096 | 371 838,31 | 0,19 |
| 4,30  % Owens Corning 2017/2047  .................  | USD | 500 000 |  |  | % | 81,848 | 392 914,60 | 0,20 |
| 4,20  % Paramount Global (MTN) 2019/2029  ..........  | USD | 1 400 000 |  |  | % | 93,819 | 1 261 069,21 | 0,65 |
| 3,90  % PayPal Holdings, Inc. (MTN) 2022/2027  .......  | USD | 410 000 | 410 000 |  | % | 99,437 | 391 428,06 | 0,20 |
| 2,875 % PepsiCo, Inc. 2019/2049  ...................  | USD | 650 000 |  |  | % | 79,58 | 496 635,07 | 0,26 |
| 5,875 % Prudential Financial, Inc. 2012/2042 * .........  | USD | 1 000 000 |  |  | % | 98,979 | 950 305,30 | 0,49 |
| 4,35  % Prudential Financial, Inc. (MTN) 2019/2050 .....  | USD | 1 000 000 |  |  | % | 92,732 | 890 327,35 | 0,46 |
| 3,70  % Prudential Financial, Inc. 2020/2050 * .........  | USD | 700 000 |  |  | % | 82,267 | 552 896,43 | 0,29 |
| 3,60  % Public Service Co. of New Hampshire 2019/2049 | USD | 1 400 000 |  |  | % | 84,373 | 1 134 100,69 | 0,59 |
| 4,30  % Rogers Communications, Inc. 2018/2048  ......  | USD | 800 000 |  |  | % | 84,581 | 649 655,16 | 0,34 |
| 1,15  % Royal Bank of Canada (MTN) 2021/2026 .......  | USD | 1 100 000 |  |  | % | 89,214 | 942 205,83 | 0,49 |
| 3,375 % Royal Bank of Canada 2022/2025  ............  | USD | 2 300 000 | 2 300 000 |  | % | 98,622 | 2 177 818,74 | 1,13 |
| 2,70  % Salesforce, Inc. 2021/2041  .................  | USD | 970 000 |  |  | % | 77,448 | 721 276,91 | 0,37 |
| 2,65  % Simon Property Group LP (MTN) 2022/2032 ....  | USD | 1 100 000 | 2 600 000 | 1 500 000 | % | 82,858 | 875 078,92 | 0,45 |
| 3,125 % SoftBank Group Corp. 2021/2025  ............  | USD | 2 010 000 |  |  | % | 88,429 | 1 706 517,95 | 0,88 |
| 6,00  % Sprint Communications, Inc. (MTN) 2012/2022 ..  | USD | 1 100 000 |  |  | % | 100,71 | 1 063 617,24 | 0,55 |
| 6,00  % Standard Chartered Plc -Reg- 2020/perpetual * ** | USD | 1 170 000 |  |  | % | 95,133 | 1 068 654,07 | 0,55 |
| 1,456 % Standard Chartered PLC -Reg- (MTN) 2021/2027 * ** | USD | 2 300 000 |  |  | % | 88,447 | 1 953 129,46 | 1,01 |
| 4,00  % Stanley Black & Decker, Inc. 2020/2060 * ......  | USD | 631 000 |  |  | % | 87,371 | 529 318,11 | 0,27 |
| 2,142 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2020/2030  ..............................  | USD | 1 800 000 |  |  | % | 80,436 | 1 390 090,45 | 0,72 |
| 2,174 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2022/2027  ..............................  | USD | 360 000 | 360 000 | % | 90,679 | 313 421,88 | 0,16 |
| 4,75  % Svenska Handelsbanken AB 2020/perpetual * ...  | USD | 600 000 |  | % | 82,28 | 473 986,12 | 0,25 |
| 3,356 % Swedbank AB 2022/2025  ..................  | USD | 830 000 | 830 000 | % | 98,431 | 784 386,44 | 0,41 |
| 1,81  % Tencent Holdings Ltd -Reg- (MTN) 2020/2026  ..  | USD | 620 000 |  | % | 92,422 | 550 157,63 | 0,28 |
| 2,70  % Texas Instruments, Inc. 2021/2051 ...........  | USD | 1 460 000 |  | % | 76,648 | 1 074 419,23 | 0,56 |
| 5,30  % Thermo Fisher Scientific, Inc. 2013/2044  ......  | USD | 1 200 000 |  | % | 107,422 | 1 237 640,66 | 0,64 |
| 1,60  % TJX Cos, Inc. 2020/2031  ...................  | USD | 1 210 000 |  | % | 80,633 | 936 738,30 | 0,48 |
| 3,20  % Toyota Motor Credit Corp. (MTN) 2018/2025  ...  | USD | 1 200 000 |  | % | 98,944 | 1 139 963,11 | 0,59 |
| 2,095 % UBS Group AG -Reg- 2021/2032 * ............  | USD | 1 380 000 |  | % | 79,584 | 1 054 447,44 | 0,55 |
| 3,25  % UnitedHealth Group, Inc. 2021/2051 ..........  | USD | 2 400 000 |  | % | 79,35 | 1 828 429,68 | 0,95 |
| 2,10  % Verizon Communications, Inc. (MTN) 2021/2028 | USD | 820 000 |  | % | 88,804 | 699 143,73 | 0,36 |
| 3,55  % Verizon Communications, Inc. 2021/2051 ......  | USD | 1 220 000 |  | % | 80,236 | 939 829,75 | 0,49 |
| 4,30  % Visa, Inc. 2015/2045 .......................  | USD | 1 000 000 |  | % | 98,566 | 946 340,05 | 0,49 |
| 1,40  % VMware, Inc. (MTN) 2021/2026  .............  | USD | 1 050 000 |  | % | 88,469 | 891 867,84 | 0,46 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum |  | EUR	vermögen |
| 2,20  % VMware, Inc. (MTN) 2021/2031  .............  | USD | 2 400 000 |  | % | 78,77	1 815 064,97	0,94 |
| 4,875 % Vodafone Group PLC 2019/2049  .............  | USD | 500 000 |  | 500 000 | % | 92,239 | 442 797,01 | 0,23 |
| 5,125 % Vodafone Group PLC 2021/2081 * ............  | USD | 1 450 000 |  |  | % | 67,917 | 945 511,00 | 0,49 |
| 3,50  % Walt Disney Co. 2020/2040 .................  | USD | 1 490 000 |  |  | % | 85,135 | 1 217 908,04 | 0,63 |
| 2,80  % Welltower, Inc. (MTN) 2021/2031  ............  | USD | 1 755 000 |  |  | % | 84,372 | 1 421 659,38 | 0,74 |
| 3,85  % Welltower, Inc. (MTN) 2022/2032  ............  | USD | 460 000 | 460 000 |  | % | 91,363 | 403 504,40 | 0,21 |
| 2,60  % Zimmer Biomet Holdings, Inc. (MTN) 2021/2031 | USD | 1 790 000 |  |  | % | 81,504 | 1 400 722,30 | 0,73 |

| 1,80  % 7-Eleven, Inc. -144A- (MTN) 2021/2031 ........  | USD | 2 211 000 |  | % | 78,132 | 1 658 585,15 | 0,86 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 3,80  % Alcon Finance Corp. -144A- 2019/2049  ........  | USD | 700 000 |  | % | 79,553 | 534 656,30 | 0,28 |
| 4,875 % BPCE SA -144A- (MTN) 2016/2026  ...........  | USD | 750 000 |  | % | 98,857 | 711 850,47 | 0,37 |
| 3,65  % Corebridge Financial, Inc. -144A- (MTN) 2022/2027 | USD | 750 000 | 750 000 | % | 94,148 | 677 941,86 | 0,35 |
| 4,40  % Corebridge Financial, Inc. -144A- 2022/2052 ....  3,05 % Jackson National Life Global Funding -144A- (MTN) 2019/2029  ..............................  | USD USD | 580 000 750 000 | 580 000 | % % | 83,818 92,132 | 466 751,13 663 425,03 | 0,24 0,34 |
| 3,638 % Magallanes, Inc. -144A- 2022/2025  ...........  | USD | 890 000 | 890 000 | % | 97,087 | 829 604,65 | 0,43 |
| 5,05  % Magallanes, Inc. -144A- 2022/2042  ...........  1,55 % Metropolitan Life Global Funding I -144A- (MTN) 2021/2031 ..............................  | USD USD | 700 000 1 500 000 | 700 000 1 500 000 | % % | 85,764 79,497 | 576 398,92 1 144 885,59 | 0,30 0,59 |
| 3,80  % Rogers Communications, Inc. -144A- (MTN) |  |  |  |  |  |  |  |
| 2022/2032  ..............................  | USD | 800 000 | 1 600 000 | 800 000 | % | 91,854 | 705 518,08 | 0,37 |
| 3,653 % Societe Generale SA -144A- 2020/2035 *  ......  | USD | 1 700 000 |  |  | % | 82,636 | 1 348 771,24 | 0,70 |
| Summe Wertpapiervermögen |  |  | 196 689 171,12 | 101,88 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |  |  |
| Zins-Derivate Forderungen/Verbindlichkeiten |  |  | 473 642,15 | 0,24 |
| Zinsterminkontrakte Germany Federal Republic Bonds 5 year 09/2022 (MS) ....	Stück	-120 |  | 120 | 6 300,00 | 0,00 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) ....	Stück	-38 |  | 38 | 83 220,00 | 0,04 |
| Euro Buxl Futures 09/2022 (MS) ......................	Stück	-5 |  | 5 | 36 760,00 | 0,02 |
| US Treasury Notes 10 year Futures 09/2022 (MS) ........	Stück	37 | 37 |  | -74 933,42 | -0,04 |
| US Treasury Notes 10 year Futures 09/2022 (MS) ........	Stück	-121 |  | 121 | 310 343,33 | 0,16 |
| US Treasury Notes 30 year Futures 09/2022 (MS) ........	Stück	-35 |  | 35 | 111 952,24 | 0,06 |
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  | -2 187 941,86 | -1,13 |
| Devisentermingeschäfte |  |  |  |  |
| Devisentermingeschäfte (Kauf) |  |  |  |  |
| Offene Positionen CHF/EUR 0,6 Mio. .................................  |  |  | 11 662,92 | 0,01 |
| Geschlossene Positionen USD/EUR 0,1 Mio. .................................  |  |  | -3,49 | 0,00 |
| Devisentermingeschäfte (Verkauf) |  |  |  |  |
| Offene Positionen EUR/GBP 7,7 Mio. .................................  |  |  | -74 050,00 | -0,04 |
| EUR/USD 136,9 Mio. ...............................  |  |  | -2 125 551,29 | -1,10 |
| Bankguthaben |  |  | 557 195,61 | 0,29 |
| Verwahrstelle (täglich fällig) |  |  |  |  |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |
| Britisches Pfund ...................................	GBP	476 371 |  |  | 556 228,31 | 0,29 |
| Schweizer Franken .................................	CHF	963 |  |  | 967,30 | 0,00 |
| Sonstige Vermögensgegenstände |  |  | 1 861 479,96 | 0,97 |
| Zinsansprüche .....................................  |  |  | 1 849 947,51 | 0,96 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  | 11 388,27 | 0,01 |
| Sonstige Ansprüche ................................  |  |  | 144,18 | 0,00 |
| Forderungen aus Anteilscheingeschäften |  |  | 12 088,45 | 0,01 |
| Summe der Vermögensgegenstände *** |  |  | 199 680 173,63 | 103,44 |
| Kurzfristige Verbindlichkeiten |  |  | -310 314,81 | -0,16 |
| EUR-Kredite	EUR |  |  | -229 533,98 | -0,12 |

An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	9 318 388,42	4,83 Verzinsliche Wertpapiere
| Stück bzw. Wertpapierbezeichnung	Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Kredite in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| US-Dollar ........................................  | USD | -84 137 |  | -80 780,83 | -0,04 |
| Sonstige Verbindlichkeiten |  |  |  | -889 773,60 | -0,47 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -889 773,60 | -0,47 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -3 143 433,47 | -1,63 |
| Summe der Verbindlichkeiten |  |  |  | -6 618 060,08 | -3,44 |
| Fondsvermögen |  |  |  | 193 062 113,55 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
Eine Aufstellung über die während des Berichtszeitraums abgeschlossenen Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen, ist auf Anforderung kostenlos bei der Verwaltungsgesellschaft erhältlich.
| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Anteilwert Klasse CHF FCH10 .................................  | CHF | 85,54 |
| Klasse FC ........................................  | EUR | 98,11 |
| Klasse FD10 ......................................  | EUR | 85,52 |
| Klasse ID ........................................  | EUR | 84,13 |
| Klasse LC ........................................  | EUR | 92,48 |
| Klasse TFC .......................................  | EUR | 92,86 |
| Klasse TFD .......................................  | EUR | 84,66 |
| Klasse XC ........................................  | EUR | 99,24 |
| Klasse XD ........................................  | EUR | 88,72 |
| Klasse USD FCH10 ................................  | USD | 86,90 |
| Umlaufende Anteile Klasse CHF FCH10 .................................  | Stück | 7 350,000 |
| Klasse FC ........................................  | Stück | 15 353,000 |
| Klasse FD10 ......................................  | Stück | 212 933,382 |
| Klasse ID ........................................  | Stück | 1 104 298,858 |
| Klasse LC ........................................  | Stück | 11 843,912 |
| Klasse TFC .......................................  | Stück | 136 194,066 |
| Klasse TFD .......................................  | Stück | 14 928,000 |
| Klasse XC ........................................  | Stück | 131 570,000 |
| Klasse XD ........................................  | Stück | 583 067,000 |
| Klasse USD FCH10 ................................  | Stück | 100,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) BBG Global Aggregate Corporate EUR Hedged Index
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag ................. . | % | 95,072 |
| --- | --- | --- |
| größter potenzieller Risikobetrag .................. . | % | 129,214 |
| durchschnittlicher potenzieller Risikobetrag .......... . | % | 109,654 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2022 bis 30.6.2022 auf Basis der Methode der historischen Simulation mit den Parametern 99% Konfidenzniveau, 10 Tage Haltedauer unter Verwendung eines effektiven, historischen Beobachtungszeitraumes von einem Jahr berechnet. Als Bewertungsmaßstab wird das Risiko eines derivatefreien Vergleichsvermögens herangezogen. Unter dem Marktrisiko versteht man das Risiko, das sich aus der ungünstigsten Entwicklung von Marktpreisen für das Fondsvermögen ergibt. Bei der Ermittlung des Marktrisikopotenzials wendet die Gesellschaft den relativen Value at Risk-Ansatzim Sinne des CSSF-Rundschreibens 11/512 an.
Die durchschnittliche Hebelwirkung aus der Nutzung von Derivaten betrug im Berichtszeitraum 1,1, wobei zur Berechnung die Summe der Nominalbeträge der Derivate in Relation zum Fondsvermögen gesetzt wurde (Nominalwertmethode).
Das durch Derivate erzielte zugrunde liegende Exposure gem. Punkt 40 a) der „Leitlinien zu börsengehandelten Indexfonds und anderen OGAW-Themen“ der European Securities and Markets Authority (ESMA) belief sich zum Berichtsstichtag unter Zugrundelegung einer Bruttobetrachtung auf EUR 178 509 478,47.
 Marktschlüssel	 Terminbörsen
MS = Morgan Stanley Bank AG
Vertragspartner der Devisentermingeschäfte
Deutsche Bank AG und State Street Bank International GmbH.

####  Erläuterungen zu den Wertpapier-Darlehen	
Folgende Wertpapiere sind zum Berichtsstichtag als Wertpapier-Darlehen übertragen:
| Wertpapierbezeichnung | Währung bzw. Nominal in Stück | Nominalbetrag bzw. Bestand | Wertpapier-Darlehen Kurswert in EUR unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| 1,625 % Alliander NV 2018/perpetual *	EUR | 500 000 | 444 380,00 |
| 0,75 % American Medical Systems Europe BV 2022/2025	EUR | 550 000 | 527 345,50 |
| 1,50  % ASTM SpA (MTN) 2021/2030	EUR | 1 000 000 | 772 000,00 |
| 1,125 % Banque Federative du Credit Mutuel SA (MTN) 2021/2031	EUR | 500 000 | 365 170,00 |
| 2,25 % Bouygues SA (MTN) 2022/2029	EUR | 600 000 | 565 308,00 |
| 3,25 % Bouygues SA 2022/2037	EUR | 500 000 | 457 995,00 |
| 0,50 % Credit Agricole SA (MTN) 2021/2029 *	EUR | 500 000 | 414 270,00 |
| 1,875 % Engie SA 2021/perpetual *	EUR | 900 000 | 623 547,00 |
| 0,318 % Highland Holdings Sarl (MTN) 2021/2026	EUR | 500 000 | 446 925,00 |
| 0,875 % ING Groep NV (MTN) 2021/2032 *	EUR | 500 000 | 420 750,00 |
| 2,125 % ING Groep NV (MTN) 2022/2026 *	EUR | 500 000 | 487 140,00 |
| 2,875 % Orsted AS (MTN) 2022/2033	EUR | 500 000 | 486 160,00 |
| 0,75  % Skandinaviska Enskilda Banken AB (MTN) 2022/2027	EUR | 500 000 | 444 245,00 |
| 2,376 % Telefonica Europe BV 2021/perpetual *	EUR | 1 000 000 | 711 490,00 |
| 1,55  % General Motors Financial Co., Inc. (MTN) 2021/2027	GBP | 530 000 | 528 983,99 |
| 3,25  % Bharti Airtel Ltd -Reg- (MTN) 2021/2031	USD | 1 260 000 | 1 024 380,31 |
| 6,00  % Standard Chartered Plc -Reg- 2020/perpetual *	USD | 500 000 | 456 689,77 |
| 1,456 % Standard Chartered PLC -Reg- (MTN) 2021/2027 *	USD | 800 000 | 679 349,38 |
| Gesamtbetrag der Rückerstattungsansprüche aus Wertpapier-Darlehen................  | 9 856 128,95 | 9 856 128,95 |
| Vertragspartner der Wertpapier-Darlehen BarcDeutsche Bank AG FI, J.P. Morgan AG EQ |  |  |
| Gesamtbetrag der bei Wertpapier-Darlehen von Dritten gewährten Sicherheiten davon: Schuldverschreibungen | EUR EUR | 11 294 773,85 10 721 986,86 |
| Aktien | EUR | 572 786,99 |

 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Schweizer Franken	CHF | 0,995461 | = EUR | 1 |
| --- | --- | --- | --- |
| Britisches Pfund	GBP | 0,856432 | = EUR | 1 |
| US-Dollar	USD | 1,041549 | = EUR | 1 |

 Erläuterungen zur Bewertung	
Die Anteilwerte werden in Verantwortung des Verwaltungsrats der SICAV durch die Verwaltungsgesellschaft ermittelt sowie die Bewertung der Vermögenswerte des Fondsvermögens durchge- führt. Die grundsätzliche Kursversorgung sowie die Preisvalidierung erfolgen nach den vom Verwaltungsrat der SICAV auf der Grundlage der in den gesetzlichen Bestimmungen/Verordnungen bzw. im Prospekt der SICAV definierten Grundsätze für Bewertungsmethoden eingeführten Verfahren.
Sofern keine handelbaren Kurse vorliegen, werden Bewertungsmodelle zur Preisermittlung (abgeleitete Verkehrswerte) genutzt, die zwischen State Street Bank International GmbH, Luxem- bourg Branch, als externem Price Service Provider und der Verwaltungsgesellschaft abgestimmt sind und sich so weit als möglich auf Marktparameter stützen. Diese Vorgehensweise unter- liegt einem permanenten Kontrollprozess. Preisauskünfte Dritter werden durch andere Preisquellen, modellhafte Rechnungen oder durch andere geeignete Verfahren auf Plausibilität geprüft.
Die in diesem Bericht ausgewiesenen Vermögenswerte werden nicht zu abgeleiteten Verkehrswerten bewertet.
 Fußnoten	
* Variabler Zinssatz.
** Diese Wertpapiere sind ganz oder teilweise verliehen.
*** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.