# DWS Invest Asian Bonds
DWS INVEST ASIAN BONDS

### Performance of share classes vs. benchmark (in USD)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class USD FC | LU0813325502 | -5.8% |
| Class USD FC50 | LU1949850538 | -5.7% |
| Class USD IC | LU1589659504 | -5.7% |
| Class USD IC500 | LU1589658522 | -5.6% |
| Class USD LC | LU0813325411 | -6.0% |
| Class USD LDM | LU1525638091 | -6.0% |
| Class USD TFC | LU1663839352 | -5.8% |
| Class USD TFDM | LU1951361812 | -5.8% |
| Class USD XC | LU1589658878 | -5.6% |
| Class AUD LDMH 1 | LU1880859548 | -6.3% |
| Class CHF LCH 2 | LU2004370479 | -6.6% |
| Class CHF TFCH 2 | LU2004370636 | -6.4% |
| Class RMB FCH350 3 | LU1968688793 | -4.5% |
| Class RMB FCH3500 3 | LU1968688520 | -4.5% |
| Class FCH 4 | LU0813324794 | -6.4% |
| Class FCH500 4 | LU2022029008 | -6.2% |
| Class IDH 4 | LU1796233663 | -6.3% |
| Class LCH 4 | LU0813324364 | -6.6% |
| Class LDH 4 | LU0813324521 | -6.6% |
| Class LDMH 4 | LU1880859894 | -6.6% |
| Class NCH 4 | LU1914384000 | -6.7% |
| Class NDH 4 | LU2251360413 | -6.7% |
| Class PFDH 4 | LU2244931775 | -7.3% |
| Class TFCH 4 | LU1663839196 | -6.4% |
| Class TFDH 4 | LU1663839279 | -6.7% |
| Class TFDMH 4 | LU1880860041 | -6.4% |
| Class GBP TFDMH 5 | LU2079148602 | -5.8% |
| Class HKD LDM 6 | LU1769795342 | -5.5% |
| Class HKD LDMH 6 | LU1805360861 | -6.2% |
| Class HKD TFDMH 6 | LU1880859621 | -5.8% |
| Class SGD LDM 7 | LU1769795698 | -3.3% |
| Class SGD LDMH 7 | LU1805361083 | -6.0% |
| Class SGD TFDMH 7 | LU1880859977 | -5.7% |


##### JP Morgan Asian Credit Index	-10.6%
1 
in AUD
2 
in CHF
3 
in CNY
4 
in EUR
5 
in GBP
6 
in HKD
7 
in SGD
“BVI method” performance, i.e., excluding the initial sales charge.
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 Asian Bonds
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in USD | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 1 347 286 469.41 | 93.26 |
| Central governments | 42 695 452.00 | 2.96 |
| Total bonds | 1 389 981 921.41 | 96.22 |
| 2. Investment fund units Other funds | 56 689 087.90 | 3.92 |
| Total investment fund units | 56 689 087.90 | 3.92 |
| 3. Derivatives | -5 596 579.12 | -0.39 |
| 4. Cash at bank | 1 385 515.22 | 0.10 |
| 5. Other assets | 20 906 937.38 | 1.44 |
| 6. Receivables from share certificate transactions | 5 429 197.37 | 0.38 |
| II. Liabilities |  |  |
| 1. Short-term liabilities | -3 496 666.06 | -0.24 |
| 2. Other liabilities | -6 599 997.46 | -0.45 |
| 3. Liabilities from share certificate transactions | -14 122 558.65 | -0.98 |
| III. Net assets | 1 444 576 857.99 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
Investment portfolio – June 30, 2022
Securities traded on an exchange	1 389 981 921.41	96.22
Interest-bearing securities
5.95  % Abja Investment Co. (MTN) 2014/2024 .........	USD	2 000 000	%	100.524	2 010 480.00	0.14
5.10  % AC Energy Finance International Ltd (MTN)
2020/perpetual ............................	USD	3 000 000	%	95.339	2 860 170.00	0.20
4.00  % ACEN Finance Ltd (MTN) 2021/perpetual ........	USD	4 520 000	%	84.711	3 828 937.20	0.27
3.949 % Adani Electricity Mumbai Ltd -Reg- (MTN)
2020/2030 ................................	USD	5 000 000	5 000 000	%	82.038	4 101 900.00	0.28
4.20 % Adani Ports & Special Economic Zone Ltd -Reg-
(MTN) 2020/2027 ..........................	USD	3 000 000	%	92.92	2 787 600.00	0.19
4.25  % Adani Transmission Step-One Ltd -Reg-
2019/2036 ................................	USD	3 937 500	135 000	%	83.879	3 302 735.63	0.23
6.50  % Asahi Mutual Life Insurance Co. 2018/perpetual * .	USD	42 700 000	%	99.789	42 609 903.00	2.95
5.65  % Azure Power Solar Energy Pvt Ltd -Reg- (MTN)
2019/2024 ................................	USD	15 217 000	%	94.672	14 406 238.24	1.00
4.625 % Bank Rakyat Indonesia Persero Tbk PT (MTN)
2018/2023 ................................	USD	20 000 000	%	100.537	20 107 400.00	1.39
3.95  % Bank Rakyat Indonesia Persero Tbk PT (MTN)
2019/2024 ................................	USD	5 000 000	%	99.558	4 977 900.00	0.34
2.125 % BDO Unibank, Inc. (MTN) 2020/2026 ...........	USD	5 700 000	2 000 000	%	93.444	5 326 308.00	0.37
5.35  % Bharti Airtel International Netherlands BV -Reg-
(MTN) 2014/2024 ..........................	USD	23 000 000	%	102.12	23 487 600.00	1.63
4.375 % Bharti Airtel Ltd -Reg- (MTN) 2015/2025.........	USD	13 000 000	%	99.635	12 952 550.00	0.90
5.375 % CA Magnum Holdings -Reg- (MTN) 2021/2026 ...	USD	12 700 000	%	87.34	11 092 180.00	0.77
2.20  % Central Japan Railway Co. (MTN) 2019/2024 .....	USD	34 310 000	%	96.67	33 167 477.00	2.30
0.886 % Central Nippon Expressway Co., Ltd (MTN)
2020/2025 ................................	USD	36 000 000	%	91.489	32 936 040.00	2.28
4.25 % Clean Renewable Power Mauritius Pte Ltd -Reg-
(MTN) 2021/2027 ..........................	USD	1 764 000	36 000	%	79.084	1 395 041.76	0.10
4.50  % Continuum Energy Levanter Pte Ltd -Reg- (MTN)
2021/2027 ................................	USD	8 876 250	56 250	%	78.63	6 979 395.38	0.48
4.75  % Country Garden Holdings Co., Ltd (MTN)
2017/2022 ................................	USD	20 390 000	20 390 000	%	99.378	20 263 174.20	1.40
4.75  % Country Garden Holdings Co., Ltd (MTN)
2018/2023 ................................	USD	2 990 000	2 990 000	%	88.735	2 653 176.50	0.18
5.40  % Country Garden Holdings Co., Ltd (MTN)
2020/2025 ................................	USD	2 000 000	3 000 000	1 000 000	%	53.543	1 070 860.00	0.07
5.10  % Dai-ichi Life Insurance Co., Ltd -Reg-
2014/perpetual * ...........................	USD	9 770 000	%	99.656	9 736 391.20	0.67
7.50  % Eterna Capital Pte Ltd (MTN) 2017/2022 ........	USD	31 278 039	31 016 932	%	96.576	30 207 078.94	2.09
4.125 % FTL Capital Ltd (MTN) 2013/2023 ..............	USD	7 000 000	%	99.952	6 996 640.00	0.48
6.50  % Fukoku Mutual Life Insurance Co.
2013/perpetual * ...........................	USD	2 000 000	%	101.395	2 027 900.00	0.14
5.60  % Future Retail Ltd -Reg- (MTN) 2020/2025 ........	USD	20 500 000	%	11.013	2 257 665.00	0.16
8.045 % FWD Group Ltd 2017/perpetual *..............	USD	8 000 000	%	99.364	7 949 120.00	0.55
5.75  % FWD Group Ltd (MTN) 2019/2024 .............	USD	6 000 000	%	98.93	5 935 800.00	0.41
4.20  % Globe Telecom, Inc. 2021/perpetual * ..........	USD	2 980 000	%	94.267	2 809 156.60	0.19
3.85  % Greenko Dutch BV -Reg- (MTN) 2021/2026 ......	USD	10 427 500	161 250	%	85.176	8 881 727.40	0.61
4.875 % Greenko Investment Co. -Reg- (MTN) 2016/2023 .	USD	15 000 000	%	96.514	14 477 100.00	1.00
4.30  % Greenko Power II Ltd -Reg- (MTN) 2021/2028 ....	USD	26 793 275	616 725	%	79.794	21 379 425.85	1.48
5.55  % Greenko Solar Mauritius Ltd -Reg- (MTN)
2019/2025 ................................	USD	7 000 000	2 000 000	%	93.536	6 547 520.00	0.45
5.50  % Greenko Wind Projects Mauritius Ltd -Reg-
2022/2025 ................................	USD	14 790 000	14 790 000	%	93.28	13 796 112.00	0.96
3.00  % GS Caltex Corp. -Reg- (MTN) 2019/2024 ........	USD	11 600 000	%	98.286	11 401 176.00	0.79
1.625 % GS Caltex Corp. (MTN) 2020/2025 .............	USD	11 000 000	%	92.405	10 164 550.00	0.70
3.875 % Hanwha Totalenergies Petrochemical Co., Ltd
(MTN) 2019/2024 ..........................	USD	1 950 000	%	99.961	1 949 239.50	0.14
1.00  % Harvest Operations Corp. -Reg- 2021/2024 ......	USD	8 750 000	%	95.434	8 350 475.00	0.58
2.75  % HPHT Finance 17 Ltd (MTN) 2017/2022 .........	USD	14 500 000	30 000 000	%	99.888	14 483 760.00	1.00
1.25  % Hyundai Capital Services, Inc. -Reg- (MTN)
2021/2026 ................................	USD	4 270 000	%	90.011	3 843 469.70	0.27
1.25  % Incheon International Airport Corp. (MTN)
2021/2026 ................................	USD	5 000 000	%	91.503	4 575 150.00	0.32
4.50  % India Clean Energy Holdings -Reg- (MTN)
2022/2027 ................................	USD	18 000 000	18 000 000	%	73.337	13 200 660.00	0.91
4.00  % India Green Power Holdings -Reg- (MTN)
2021/2027 ................................	USD	4 170 000	%	78.34	3 266 778.00	0.23
5.75  % Indian Oil Corp., Ltd (MTN) 2013/2023 ..........	USD	13 737 000	%	102.063	14 020 394.31	0.97
4.75  % Indian Oil Corp., Ltd (MTN) 2019/2024 ..........	USD	10 000 000	%	100.996	10 099 600.00	0.70
3.73  % Indian Railway Finance Corp., Ltd (MTN)
2019/2024 ................................	USD	3 000 000	%	99.395	2 981 850.00	0.21
1.50  % Indonesia Infrastructure Finance PT (MTN)
2021/2026 ................................	USD	8 400 000	%	88.358	7 422 072.00	0.51
6.50  % Jababeka International BV -Reg- (MTN)
ä2016/2023 ...............................	USD	21 000 000	%	65.592	13 774 320.00	0.95
5.375 % Japfa Comfeed Tbk PT (MTN) 2021/2026........	USD	6 920 000	%	80.25	5 553 300.00	0.38
5.375 % JSW Steel Ltd (MTN) 2019/2025 ..............	USD	10 000 000	%	92.43	9 243 000.00	0.64
1.50  % KB Capital Co., Ltd (MTN) 2020/2025 ...........	USD	4 400 000	%	91.482	4 025 208.00	0.28
| 1.00  % Kia Corp. -Reg- 2021/2024 ...................  | USD | 3 610 000 |  | 630 000 | % | 95.331 | 3 441 449.10 | 0.24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0.849 % Komatsu Finance America, Inc. 2020/2023 ......  | USD | 6 200 000 |  |  | % | 96.783 | 6 000 546.00 | 0.42 |
| 2.25  % Korea Gas Corp. -Reg- (MTN) 2016/2026 ........  | USD | 1 700 000 |  |  | % | 94.001 | 1 598 017.00 | 0.11 |
| 0.875 % Korea National Oil Corp. -Reg- (MTN) 2020/2025 ..  | USD | 18 500 000 |  |  | % | 90.661 | 16 772 285.00 | 1.16 |
| 1.00  % KT Corp. (MTN) 2020/2025 ...................  | USD | 23 800 000 |  |  | % | 91.632 | 21 808 416.00 | 1.51 |
| 7.25  % LMIRT Capital Pte Ltd (MTN) 2019/2024 ........  | USD | 5 000 000 |  |  | % | 87.6 | 4 380 000.00 | 0.30 |
| 7.50  % LMIRT Capital Pte Ltd (MTN) 2021/2026 ........  | USD | 2 140 000 |  |  | % | 83.667 | 1 790 473.80 | 0.12 |
| 2.618 % Macquarie Group Ltd -Reg- (MTN) 2017/2023 *...  | USD | 5 900 000 | 5 900 000 |  | % | 99.953 | 5 897 227.00 | 0.41 |
| 2.796 % Malayan Banking Bhd (MTN) 2018/2023 * .......  | USD | 1 000 000 | 1 000 000 |  | % | 100.024 | 1 000 240.00 | 0.07 |
| 1.319 % Marubeni Corp. (MTN) 2020/2025 .............  | USD | 37 200 000 |  |  | % | 91.367 | 33 988 524.00 | 2.35 |
| 1.577 % Marubeni Corp. (MTN) 2021/2026 .............  | USD | 3 000 000 |  |  | % | 89.405 | 2 682 150.00 | 0.19 |
| 7.375 % Medco Oak Tree Pte Ltd -Reg- (MTN) 2019/2026 . | USD | 24 000 000 |  | 10 000 000 | % | 91 | 21 840 000.00 | 1.51 |
| 6.75  % Medco Platinum Road Pte Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2018/2025 ................................  | USD | 40 800 000 |  | 9 000 000 | % | 93.178 | 38 016 624.00 | 2.63 |
| 4.625 % Minejesa Capital BV -Reg- 2017/2030...........  | USD | 18 000 000 |  |  | % | 89.785 | 16 161 300.00 | 1.12 |
| 3.25 % Minera y Metalurgica del Boleo SAPI de CV |  |  |  |  |  |  |  |  |
| (MTN) 2019/2024 ..........................  | USD | 22 800 000 |  |  | % | 99.031 | 22 579 068.00 | 1.56 |
| 2.50  % Mitsubishi Corp. (MTN) 2019/2024 .............  | USD | 5 400 000 |  |  | % | 97.725 | 5 277 150.00 | 0.37 |
| 2.35 % Mitsubishi UFJ Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2018/2023 * ..............................  | USD | 5 000 000 | 5 000 000 |  | % | 100.057 | 5 002 850.00 | 0.35 |
| 5.125 % Mong Duong Finance Holdings BV -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ................................  | USD | 6 500 000 |  |  | % | 81.098 | 5 271 370.00 | 0.37 |
| 6.125 % Muthoot Finance Ltd -Reg- 2019/2022 ..........  | USD | 27 720 000 |  | 5 000 000 | % | 99.924 | 27 698 932.80 | 1.92 |
| 4.40  % Muthoot Finance Ltd -Reg- 2020/2023 ..........  | USD | 7 350 000 |  |  | % | 97.159 | 7 141 186.50 | 0.49 |
| 2.298 % National Australia Bank Ltd/New York -Reg- |  |  |  |  |  |  |  |  |
| 2022/2025 * ..............................  | USD | 7 700 000 | 7 700 000 |  | % | 99.694 | 7 676 438.00 | 0.53 |
| 5.65  % Network i2i Ltd -Reg- 2019/perpetual * .........  | USD | 11 000 000 |  |  | % | 92.975 | 10 227 250.00 | 0.71 |
| 3.975 % Network i2i Ltd -Reg- 2021/perpetual * .........  | USD | 5 000 000 |  |  | % | 83.76 | 4 188 000.00 | 0.29 |
| 4.70  % Newcastle Coal Infrastructure Group Pty Ltd |  |  |  |  |  |  |  |  |
| -Reg- (MTN) 2021/2031 ......................      | USD | 5 800 000 |  |  | % | 82.95 | 4 811 100.00 | 0.33 |
| 5.00  % Nippon Life Insurance Co. -Reg- 2012/2042 * ....  | USD | 24 300 000 |  | 5 000 000 | % | 100.158 | 24 338 394.00 | 1.68 |
| 5.10  % Nippon Life Insurance Co. -Reg- 2014/2044 * ....  | USD | 29 500 000 |  |  | % | 99.561 | 29 370 495.00 | 2.03 |
| 4.70  % Nippon Life Insurance Co. -Reg- 2016/2046 * ....  | USD | 10 238 000 |  | 2 000 000 | % | 97.985 | 10 031 704.30 | 0.69 |
| 1.25  % NongHyup Bank -Reg- (MTN) 2020/2025 ........  | USD | 5 000 000 |  | 5 000 000 | % | 92.529 | 4 626 450.00 | 0.32 |
| 4.00  % Oil India International Pte Ltd (MTN) 2017/2027. . . | USD | 16 500 000 |  | 3 000 000 | % | 96.138 | 15 862 770.00 | 1.10 |
| 7.625 % PB International BV (MTN) 2017/2025 ..........  | USD | 15 050 000 | (30 100 000) | 30 100 000 | % | 44.606 | 6 713 203.00 | 0.46 |
| 3.75  % PCCW-HKT Capital No 5 Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2013/2023 ................................  | USD | 9 600 000 |  | 10 000 000 | % | 100.164 | 9 615 744.00 | 0.67 |
| 4.50  % Pelabuhan Indonesia Persero PT -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2018/2023 ................................  | USD | 25 000 000 |  |  | % | 100.129 | 25 032 250.00 | 1.73 |
| 5.95  % Periama Holdings LLC/DE (MTN) 2020/2026 .....  | USD | 4 000 000 |  |  | % | 89.66 | 3 586 400.00 | 0.25 |
| 4.30  % Pertamina Persero PT -Reg- (MTN) 2013/2023 ....  | USD | 10 000 000 |  | 5 000 000 | % | 100.19 | 10 019 000.00 | 0.69 |
| 5.95  % Petron Corp. 2021/perpetual * ................  | USD | 6 000 000 |  |  | % | 96.534 | 5 792 040.00 | 0.40 |
| 2.75  % POSCO Holdings, Inc. -Reg- (MTN) 2019/2024 ...  | USD | 1 800 000 |  |  | % | 97.941 | 1 762 938.00 | 0.12 |
| 2.375 % POSCO Holdings, Inc. -Reg- 2020/2023 .........  | USD | 3 000 000 |  |  | % | 99.473 | 2 984 190.00 | 0.21 |
| 3.546 % Rakuten Group, Inc. (MTN) 2019/2024 ..........  | USD | 16 300 000 |  |  | % | 96.098 | 15 663 974.00 | 1.08 |
| 2.17  % Renesas Electronics Corp. -Reg- (MTN) 2021/2026 | USD | 2 000 000 |  |  | % | 89.668 | 1 793 360.00 | 0.12 |
| 6.45  % ReNew Power Pvt Ltd -Reg- 2019/2022.........  | USD | 27 994 000 |  | 2 000 000 | % | 99.681 | 27 904 699.14 | 1.93 |
| 4.45  % Saka Energi Indonesia PT -Reg- (MTN) 2017/2024 . | USD | 21 220 000 |  |  | % | 92.034 | 19 529 614.80 | 1.35 |
| 1.35  % Shinhan Financial Group Co., Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2020/2026 ................................  | USD | 9 400 000 |  |  | % | 91.897 | 8 638 318.00 | 0.60 |
| 3.00  % Singapore Airlines Ltd (MTN) 2021/2026 ........  | USD | 6 000 000 |  |  | % | 95.258 | 5 715 480.00 | 0.40 |
| 2.125 % SK Battery America, Inc. (MTN) 2021/2026 ......  | USD | 4 250 000 |  |  | % | 90.429 | 3 843 232.50 | 0.27 |
| 3.00  % SK Hynix, Inc. (MTN) 2019/2024 ...............  | USD | 20 000 000 |  |  | % | 97.593 | 19 518 600.00 | 1.35 |
| 1.00  % SK Hynix, Inc. -Reg- 2021/2024 ...............  | USD | 6 000 000 |  |  | % | 95.42 | 5 725 200.00 | 0.40 |
| 1.50  % SK Hynix, Inc. -Reg- (MTN) 2021/2026 ..........  | USD | 12 500 000 |  |  | % | 89.876 | 11 234 500.00 | 0.78 |
| 3.875 % SmarTone Finance Ltd (MTN) 2013/2023 ........  | USD | 1 744 000 |  |  | % | 99.67 | 1 738 244.80 | 0.12 |
| 6.50  % SMC Global Power Holdings Corp. 2019/perpetual *  USD | 5 000 000 |  |  | % | 98.525 | 4 926 250.00 | 0.34 |
| 5.375 % SoftBank Group Corp. (MTN) 2015/2022 ........  | USD | 9 990 000 | 5 790 000 | 7 000 000 | % | 99.569 | 9 946 943.10 | 0.69 |
| 6.00  % SoftBank Group Corp. 2017/perpetual * .........  | USD | 40 300 000 |  |  | % | 89.506 | 36 070 918.00 | 2.50 |
| 4.75  % SoftBank Group Corp. (MTN) 2017/2024 ........  | USD | 8 000 000 |  |  | % | 92.804 | 7 424 320.00 | 0.51 |
| 5.125 % SoftBank Group Corp. (MTN) 2017/2027 ........  | USD | 3 320 000 |  | 5 000 000 | % | 82.319 | 2 732 990.80 | 0.19 |
| 5.50  % SoftBank Group Corp. (MTN) 2018/2023 ........  | USD | 3 907 000 | 1 007 000 |  | % | 98.331 | 3 841 792.17 | 0.27 |
| 5.325 % Sompo Japan Insurance, Inc. -Reg- 2013/2073 * ..  | USD | 3 287 000 |  |  | % | 100.224 | 3 294 362.88 | 0.23 |
| 4.50  % State Bank of India/London (MTN) 2018/2023 ....  | USD | 1 009 000 |  |  | % | 100.909 | 1 018 171.81 | 0.07 |
| 2.60  % Sumitomo Corp. (MTN) 2019/2024 .............  | USD | 14 250 000 |  |  | % | 97.475 | 13 890 187.50 | 0.96 |
| 1.55  % Sumitomo Corp. (MTN) 2021/2026 .............  | USD | 8 000 000 |  |  | % | 90.515 | 7 241 200.00 | 0.50 |
| 6.50  % Sumitomo Life Insurance Co. -Reg- 2013/2073 *..  | USD | 16 100 000 |  |  | % | 101.604 | 16 358 244.00 | 1.13 |
| 2.696 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2019/2024 ................................  | USD | 2 000 000 |  |  | % | 97.422 | 1 948 440.00 | 0.13 |
| 1.474 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2020/2025 ................................  | USD | 5 000 000 |  | % | 92.078 | 4 603 900.00 | 0.32 |
| 0.508 % Sumitomo Mitsui Financial Group, Inc. 2021/2024 . | USD | 2 000 000 |  | % | 95.303 | 1 906 060.00 | 0.13 |
| 1.05  % Sumitomo Mitsui Trust Bank Ltd -Reg- (MTN) |  |  |  |  |  |  |  |
| 2020/2025 ................................  | USD | 3 450 000 |  | % | 90.926 | 3 136 947.00 | 0.22 |
| 0.85  % Sumitomo Mitsui Trust Bank Ltd -Reg- 2021/2024 | USD | 15 000 000 |  | % | 95.032 | 14 254 800.00 | 0.99 |
| 2.25  % Suntory Holdings Ltd -Reg- (MTN) 2019/2024 ....  | USD | 15 600 000 |  | % | 95.459 | 14 891 604.00 | 1.03 |
| 6.75  % Theta Capital Pte Ltd (MTN) 2016/2026 .........  | USD | 25 100 000 | 2 000 000 | % | 76.957 | 19 316 207.00 | 1.34 |
| 8.125 % Theta Capital Pte Ltd (MTN) 2020/2025 .........  | USD | 41 800 000 |  | % | 86.104 | 35 991 472.00 | 2.49 |
| 0.75  % TSMC Global Ltd -Reg- (MTN) 2020/2025 .......  | USD | 14 000 000 |  | % | 91.014 | 12 741 960.00 | 0.88 |
| 1.75  % United Overseas Bank Ltd (MTN) 2020/2031 * ...  | USD | 15 000 000 |  | % | 90.584 | 13 587 600.00 | 0.94 |
| 2.875 % United States Treasury Note/Bond (MTN) |  |  |  |  |  |  |  |
| 2022/2032 ................................  | USD | 20 000 000 | 20 000 000 | % | 98.75 | 19 750 000.00 | 1.37 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period |  | Market price | Total market value in USD | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 3.074 % Vanke Real Estate Hong Kong Co., Ltd (MTN) 2018/2023 * ..............................  | USD | 3 000 000 | 3 000 000 |  | % | 99.422 | 2 982 660.00 | 0.21 |
| 8.00  % Vedanta Resources Finance II PLC -Reg- |  |  |  |  |  |  |  |  |
| 2019/2023 ................................  | USD | 15 000 000 | % | 83.767 | 12 565 050.00 | 0.87 |
| 13.875 % Vedanta Resources Finance II PLC -Reg- 2020/2024 ................................  | USD | 33 200 000 |  | 3 800 000 | % | 89.899 | 29 846 468.00 | 2.07 |
| 6.375 % Vedanta Resources Ltd -Reg- (MTN) 2017/2022 ..  | USD | 17 700 000 | 13 500 000 | 23 000 000 | % | 99.352 | 17 585 304.00 | 1.22 |
| 7.50  % Wanda Group Overseas Ltd 2019/2022 .........  | USD | 5 600 000 | 5 000 000 | 5 400 000 | % | 97.629 | 5 467 224.00 | 0.38 |
| 6.95  % Wanda Properties Overseas Ltd 2019/2022 .....  | USD | 3 000 000 | 3 000 000 |  | % | 89.858 | 2 695 740.00 | 0.19 |
| Investment fund units |  |  |  |  |  |  | 56 689 087.90 | 3.92 |
| In-group fund units Deutsche Global Liquidity Series PLC - Deutsche Managed Dollar Fund -Z- USD - (0.100%)................  | Units | 5 434 | 46 863 | 44 395 | USD | 10 431.58 | 56 689 087.90 | 3.92 |
| Total securities portfolio |  |  |  |  |  |  | 1 446 671 009.31 | 100.14 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | -5 596 579.12 | -0.39 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |  |  |  |
| Open positions AUD/USD 24.2 million ...............................  |  |  |  |  |  |  | -71 911.53 | 0.00 |
| CHF/USD 6.3 million ................................  |  |  |  |  |  |  | 3 097.07 | 0.00 |
| CNH/USD 0.2 million ................................  |  |  |  |  |  |  | -10.01 | 0.00 |
| EUR/USD 311.9 million ..............................  |  |  |  |  |  |  | -5 180 804.05 | -0.36 |
| GBP/USD 1.4 million ................................  |  |  |  |  |  |  | -16 570.71 | 0.00 |
| HKD/USD 28.5 million ...............................  |  |  |  |  |  |  | -1 586.14 | 0.00 |
| SGD/USD 55.2 million ...............................  |  |  |  |  |  |  | -232 985.99 | -0.02 |
| Closed positions EUR/USD 9.7 million |  |  |  |  |  |  | -95 807.76 | -0.01 |
| Cash at bank |  |  |  |  |  |  | 1 385 515.22 | 0.10 |
| Demand deposits at Depositary EUR deposits......................................  | EUR | 857 545 |  |  |  |  | 893 175.55 | 0.06 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 115 661 |  |  |  |  | 79 835.07 | 0.01 |
| British pound ......................................  | GBP | 46 790 |  |  |  |  | 56 903.39 | 0.01 |
| Chinese yuan renminbi ..............................  | CNY | 343 223 |  |  |  |  | 51 255.93 | 0.00 |
| Hong Kong dollar ...................................  | HKD | 19 597 |  |  |  |  | 2 497.59 | 0.00 |
| Swiss franc .......................................  | CHF | 188 127 |  |  |  |  | 196 836.83 | 0.01 |
| Singapore dollar....................................  | SGD | 146 264 |  |  |  |  | 105 010.86 | 0.01 |
| Other assets |  |  |  |  |  |  | 20 906 937.38 | 1.44 |
| Prepaid placement fee ** ...........................  |  |  |  |  |  |  | 738 813.25 | 0.05 |
| Interest receivable ..................................  |  |  |  |  |  |  | 20 133 817.48 | 1.39 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  |  | 12 098.97 | 0.00 |
| Other receivables ..................................  |  |  |  |  |  |  | 22 207.68 | 0.00 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 5 429 197.37 | 0.38 |
| Total assets *** |  |  |  |  |  |  | 1 474 395 756.35 | 102.06 |
| Short-term liabilities |  |  |  |  |  |  | -3 496 666.06 | -0.24 |
| Loans in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| U.S. dollar ........................................  | USD |  |  |  |  |  | -3 496 666.06 | -0.24 |
| Other liabilities | -6 599 997.46 | -0.45 |
| Liabilities from cost items ............................  | -2 587 191.90 | -0.17 |
| Additional other liabilities.............................  | -4 012 805.56 | -0.28 |
| Liabilities from share certificate transactions | -14 122 558.65 | -0.98 |
| Total liabilities | -29 818 898.36 | -2.06 |
| Net assets | 1 444 576 857.99 | 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 AUD LDMH ..................................  | AUD | 90.66 |
| Class CHF LCH ....................................  | CHF | 95.29 |
| Class CHF TFCH ...................................  | CHF | 96.71 |
| Class RMB FCH350.................................  | CNY | 113.27 |
| Class RMB FCH700. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | CNY | 113.64 |
| Class FCH ........................................  | EUR | 130.96 |
| Class FCH100 .....................................  | EUR | 98.60 |
| Class IDH.........................................  | EUR | 86.33 |
| Class LCH ........................................  | EUR | 97.30 |
| Class LDH ........................................  | EUR | 84.80 |
| Class LDMH ......................................  | EUR | 88.25 |
| Class NCH ........................................  | EUR | 100.83 |
| Class NDH ........................................  | EUR | 90.74 |
| Class PFDH .......................................  | EUR | 90.14 |
| Class TFCH .......................................  | EUR | 99.88 |
| Class TFDH .......................................  | EUR | 83.08 |
| Class TFDMH......................................  | EUR | 89.87 |
| Class GBP TFDMH .................................  | GBP | 89.69 |
| Class HKD LDM ...................................  | HKD | 91.00 |
| Class HKD LDMH ..................................  | HKD | 92.10 |
| Class HKD TFDMH .................................  | HKD | 102.79 |
| Class SGD LDM ...................................  | SGD | 9.89 |
| Class SGD LDMH ..................................  | SGD | 8.93 |
| Class SGD TFDMH .................................  | SGD | 9.37 |
| Class USD FC .....................................  | USD | 148.66 |
| Class USD FC50 ...................................  | USD | 108.54 |
| Class USD IC ......................................  | USD | 115.15 |
| Class USD LC .....................................  | USD | 106.17 |
| Class USD LDM ...................................  | USD | 88.07 |
| Class USD IC100 ...................................  | USD | 116.78 |
| Class USD TFC ....................................  | USD | 109.37 |
| Class USD TFDM...................................  | USD | 91.77 |
| Class USD XC .....................................  | USD | 116.17 |
| Number of shares outstanding Class AUD LDMH ..................................  | Count | 262 033.305 |
| Class CHF LCH ....................................  | Count | 1 000.983 |
| Class CHF TFCH ...................................  | Count | 63 711.100 |
| Class RMB FCH350.................................  | Count | 760.000 |
| Class RMB FCH700. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 760.000 |
| Class FCH ........................................  | Count | 242 471.176 |
| Class FCH100 .....................................  | Count | 0.115 |
| Class IDH.........................................  | Count | 1 277 550.000 |
| Class LCH ........................................  | Count | 220 777.145 |
| Class LDH ........................................  | Count | 337 640.247 |
| Class LDMH ......................................  | Count | 195 877.897 |
| Class NCH ........................................  | Count | 108 460.000 |
| Class NDH ........................................  | Count | 2 729.000 |
| Class PFDH .......................................  | Count | 514 626.000 |
| Class TFCH .......................................  | Count | 411 352.509 |
| Class TFDH .......................................  | Count | 18 359.000 |
| Class TFDMH......................................  | Count | 6 054.270 |
| Class GBP TFDMH .................................  | Count | 15 658.436 |
| Class HKD LDM ...................................  | Count | 4 148 334.691 |
| Class HKD LDMH ..................................  | Count | 307 693.103 |
| Class HKD TFDMH .................................  | Count | 904.000 |
| Class SGD LDM ...................................  | Count | 167 991.930 |
| Class SGD LDMH ..................................  | Count | 4 450 786.340 |
| Class SGD TFDMH .................................  | Count | 1 624 560.035 |
| Class USD FC .....................................  | Count | 442 316.925 |
| Class USD FC50 ...................................  | Count | 1 465 223.136 |
| Class USD IC ......................................  | Count | 1 534 791.000 |
| Class USD LC .....................................  | Count | 727 043.824 |
| Class USD LDM ...................................  | Count | 3 129 236.616 |
| Class USD IC100 ...................................  | Count | 39 001.000 |
| Class USD TFC ....................................  | Count | 606 813.268 |
| Class USD TFDM...................................  | Count | 1 317 812.142 |
| Class USD XC .....................................  | Count | 501 890.837 |

Composition of the reference portfolio (according to CSSF circular 11/512) JPMorgan ASIA CREDIT INDEX in USD (hedged) TR – JACI Index
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 35.397 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 98.793 |
| Average market risk exposure.........................  | % | 70.766 |

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 0.0, 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 USD 0.00 as of the reporting date. Does not include any forward currency transactions entered into for currency hedging purposes at the level of the share classes.
 Market abbreviations	 Contracting parties for forward currency transactions
Barclays Bank Ireland PLC, Deutsche Bank AG, HSBC France, Royal Bank of Canada (UK) and UBS AG.
 Exchange rates (indirect quotes)	
As of June 30, 2021
| Australian dollar	AUD | 1.448750 | = USD | 1 |
| --- | --- | --- | --- |
| Swiss franc	CHF | 0.955750 | = USD | 1 |
| Chinese yuan renminbi	CNY | 6.696250 | = USD | 1 |
| Euro	EUR | 0.960108 | = USD | 1 |
| British pound	GBP | 0.822267 | = USD | 1 |
| Hong Kong dollar	HKD | 7.846400 | = USD | 1 |
| Singapore dollar	SGD | 1.392850 | = USD | 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 valued to a small extent at derived market values.
The management fee / all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the investment fund held units of other investment funds (target funds) in the reporting period, further costs, charges and fees may have been incurred at the level of these individual target funds.
 Footnotes	
* Floating interest rate.
** The prepaid placement fee is amortized over a period of three years (as specified in article 12 (d) of the general section of the fund‘s management regulations).
*** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest Asian Bonds
DWS INVEST ASIAN BONDS

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in USD)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse USD FC | LU0813325502 | -5,8% |
| Klasse USD FC50 | LU1949850538 | -5,7% |
| Klasse USD IC | LU1589659504 | -5,7% |
| Klasse USD IC500 | LU1589658522 | -5,6% |
| Klasse USD LC | LU0813325411 | -6,0% |
| Klasse USD LDM | LU1525638091 | -6,0% |
| Klasse USD TFC | LU1663839352 | -5,8% |
| Klasse USD TFDM | LU1951361812 | -5,8% |
| Klasse USD XC | LU1589658878 | -5,6% |
| Klasse AUD LDMH 1) | LU1880859548 | -6,3% |
| Klasse CHF LCH 2) | LU2004370479 | -6,6% |
| Klasse CHF TFCH 2) | LU2004370636 | -6,4% |
| Klasse RMB FCH350 3) | LU1968688793 | -4,5% |
| Klasse RMB FCH3500 3) | LU1968688520 | -4,5% |
| Klasse FCH 4) | LU0813324794 | -6,4% |
| Klasse FCH500 4) | LU2022029008 | -6,2% |
| Klasse IDH 4) | LU1796233663 | -6,3% |
| Klasse LCH 4) | LU0813324364 | -6,6% |
| Klasse LDH 4) | LU0813324521 | -6,6% |
| Klasse LDMH 4) | LU1880859894 | -6,6% |
| Klasse NCH 4) | LU1914384000 | -6,7% |
| Klasse NDH 4) | LU2251360413 | -6,7% |
| Klasse PFDH 4) | LU2244931775 | -7,3% |
| Klasse TFCH 4) | LU1663839196 | -6,4% |
| Klasse TFDH 4) | LU1663839279 | -6,7% |
| Klasse TFDMH 4) | LU1880860041 | -6,4% |
| Klasse GBP TFDMH 5) | LU2079148602 | -5,8% |
| Klasse HKD LDM 6) | LU1769795342 | -5,5% |
| Klasse HKD LDMH 6) | LU1805360861 | -6,2% |
| Klasse HKD TFDMH 6) | LU1880859621 | -5,8% |
| Klasse SGD LDM 7) | LU1769795698 | -3,3% |
| Klasse SGD LDMH 7) | LU1805361083 | -6,0% |
| Klasse SGD TFDMH 7) | LU1880859977 | -5,7% |


##### JP Morgan Asian Credit Index	-10,6%
1) 
in AUD
2) 
in CHF
3) 
in CNY
4) 
in EUR
5) 
in GBP
6) 
in HKD
7) 
in SGD
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 Asian Bonds
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in USD | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 1 347 286 469,41 | 93,26 |
| Zentralregierungen | 42 695 452,00 | 2,96 |
| Summe Anleihen | 1 389 981 921,41 | 96,22 |
| 2. Investmentanteile Sonstige Fonds | 56 689 087,90 | 3,92 |
| Summe Investmentanteile | 56 689 087,90 | 3,92 |
| 3. Derivate | -5 596 579,12 | -0,39 |
| 4. Bankguthaben | 1 385 515,22 | 0,10 |
| 5. Sonstige Vermögensgegenstände | 20 906 937,38 | 1,44 |
| 6. Forderungen aus Anteilscheingeschäften | 5 429 197,37 | 0,38 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -3 496 666,06 | -0,24 |
| 2. Sonstige Verbindlichkeiten | -6 599 997,46 | -0,45 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -14 122 558,65 | -0,98 |
| III. Fondsvermögen | 1 444 576 857,99 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |

Börsengehandelte Wertpapiere	1 389 981 921,41	96,22
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2020/perpetual ............................	USD	3 000 000	%	95,339	2 860 170,00	0,20
4,00  % ACEN Finance Ltd (MTN) 2021/perpetual........	USD	4 520 000	%	84,711	3 828 937,20	0,27
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4,20 % Adani Ports & Special Economic Zone Ltd -Reg-
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2019/2036 ................................	USD	3 937 500	135 000	%	83,879	3 302 735,63	0,23
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4,625 % Bank Rakyat Indonesia Persero Tbk PT (MTN)
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3,95  % Bank Rakyat Indonesia Persero Tbk PT (MTN)
2019/2024 ................................	USD	5 000 000	%	99,558	4 977 900,00	0,34
2,125 % BDO Unibank, Inc. (MTN) 2020/2026 ...........	USD	5 700 000	2 000 000	%	93,444	5 326 308,00	0,37
5,35  % Bharti Airtel International Netherlands BV -Reg-
(MTN) 2014/2024 ..........................	USD	23 000 000	%	102,12	23 487 600,00	1,63
4,375 % Bharti Airtel Ltd -Reg- (MTN) 2015/2025. . . . . . . . .	USD	13 000 000	%	99,635	12 952 550,00	0,90
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4,75  % Country Garden Holdings Co., Ltd (MTN)
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5,40  % Country Garden Holdings Co., Ltd (MTN)
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8,045 % FWD Group Ltd 2017/perpetual *..............	USD	8 000 000	%	99,364	7 949 120,00	0,55
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4,20  % Globe Telecom, Inc. 2021/perpetual * ..........	USD	2 980 000	%	94,267	2 809 156,60	0,19
3,85  % Greenko Dutch BV -Reg- (MTN) 2021/2026 ......	USD	10 427 500	161 250	%	85,176	8 881 727,40	0,61
4,875 % Greenko Investment Co. -Reg- (MTN) 2016/2023 .	USD	15 000 000	%	96,514	14 477 100,00	1,00
4,30  % Greenko Power II Ltd -Reg- (MTN) 2021/2028 ....	USD	26 793 275	616 725	%	79,794	21 379 425,85	1,48
5,55  % Greenko Solar Mauritius Ltd -Reg- (MTN)
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5,50  % Greenko Wind Projects Mauritius Ltd -Reg-
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3,00  % GS Caltex Corp. -Reg- (MTN) 2019/2024 ........	USD	11 600 000	%	98,286	11 401 176,00	0,79
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(MTN) 2019/2024 ..........................	USD	1 950 000	%	99,961	1 949 239,50	0,14
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4,00  % India Green Power Holdings -Reg- (MTN)
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5,75  % Indian Oil Corp., Ltd (MTN) 2013/2023 ..........	USD	13 737 000	%	102,063	14 020 394,31	0,97
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5,375 % Japfa Comfeed Tbk PT (MTN) 2021/2026. . . . . . . .	USD	6 920 000	%	80,25	5 553 300,00	0,38
5,375 % JSW Steel Ltd (MTN) 2019/2025 ..............	USD	10 000 000	%	92,43	9 243 000,00	0,64
1,50  % KB Capital Co., Ltd (MTN) 2020/2025 ...........	USD	4 400 000	%	91,482	4 025 208,00	0,28
| 1,00 | % Kia Corp. -Reg- 2021/2024 ...................  | USD | 3 610 000 |  | 630 000 | % | 95,331 | 3 441 449,10 | 0,24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0,849 | % Komatsu Finance America, Inc. 2020/2023 ......  | USD | 6 200 000 |  |  | % | 96,783 | 6 000 546,00 | 0,42 |
| 2,25 | % Korea Gas Corp. -Reg- (MTN) 2016/2026 ........  | USD | 1 700 000 |  |  | % | 94,001 | 1 598 017,00 | 0,11 |
| 0,875 | % Korea National Oil Corp. -Reg- (MTN) 2020/2025 ..  | USD | 18 500 000 |  |  | % | 90,661 | 16 772 285,00 | 1,16 |
| 1,00 | % KT Corp. (MTN) 2020/2025 ...................  | USD | 23 800 000 |  |  | % | 91,632 | 21 808 416,00 | 1,51 |
| 7,25 | % LMIRT Capital Pte Ltd (MTN) 2019/2024 ........  | USD | 5 000 000 |  |  | % | 87,6 | 4 380 000,00 | 0,30 |
| 7,50 | % LMIRT Capital Pte Ltd (MTN) 2021/2026 ........  | USD | 2 140 000 |  |  | % | 83,667 | 1 790 473,80 | 0,12 |
| 2,618 | % Macquarie Group Ltd -Reg- (MTN) 2017/2023 *...  | USD | 5 900 000 | 5 900 000 |  | % | 99,953 | 5 897 227,00 | 0,41 |
| 2,796 | % Malayan Banking Bhd (MTN) 2018/2023 * .......  | USD | 1 000 000 | 1 000 000 |  | % | 100,024 | 1 000 240,00 | 0,07 |
| 1,319 | % Marubeni Corp. (MTN) 2020/2025 .............  | USD | 37 200 000 |  |  | % | 91,367 | 33 988 524,00 | 2,35 |
| 1,577 | % Marubeni Corp. (MTN) 2021/2026 .............  | USD | 3 000 000 |  |  | % | 89,405 | 2 682 150,00 | 0,19 |
| 7,375 | % Medco Oak Tree Pte Ltd -Reg- (MTN) 2019/2026 . | USD | 24 000 000 |  | 10 000 000 | % | 91 | 21 840 000,00 | 1,51 |
| 6,75 | % Medco Platinum Road Pte Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2025 ................................  | USD | 40 800 000 |  | 9 000 000 | % | 93,178 | 38 016 624,00 | 2,63 |
| 4,625 | % Minejesa Capital BV -Reg- 2017/2030...........  | USD | 18 000 000 |  |  | % | 89,785 | 16 161 300,00 | 1,12 |
| 3,25 | % Minera y Metalurgica del Boleo SAPI de CV |  |  |  |  |  |  |  |  |
|  | (MTN) 2019/2024 ..........................  | USD | 22 800 000 |  |  | % | 99,031 | 22 579 068,00 | 1,56 |
| 2,50 | % Mitsubishi Corp. (MTN) 2019/2024 .............  | USD | 5 400 000 |  |  | % | 97,725 | 5 277 150,00 | 0,37 |
| 2,35 | % Mitsubishi UFJ Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2023 * ..............................  | USD | 5 000 000 | 5 000 000 |  | % | 100,057 | 5 002 850,00 | 0,35 |
| 5,125 | % Mong Duong Finance Holdings BV -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029 ................................  | USD | 6 500 000 |  |  | % | 81,098 | 5 271 370,00 | 0,37 |
| 6,125 | % Muthoot Finance Ltd -Reg- 2019/2022 ..........  | USD | 27 720 000 |  | 5 000 000 | % | 99,924 | 27 698 932,80 | 1,92 |
| 4,40 | % Muthoot Finance Ltd -Reg- 2020/2023 ..........  | USD | 7 350 000 |  |  | % | 97,159 | 7 141 186,50 | 0,49 |
| 2,298 | % National Australia Bank Ltd/New York -Reg- |  |  |  |  |  |  |  |  |
|  | 2022/2025 * ..............................  | USD | 7 700 000 | 7 700 000 |  | % | 99,694 | 7 676 438,00 | 0,53 |
| 5,65 | % Network i2i Ltd -Reg- 2019/perpetual * .........  | USD | 11 000 000 |  |  | % | 92,975 | 10 227 250,00 | 0,71 |
| 3,975 | % Network i2i Ltd -Reg- 2021/perpetual * .........  | USD | 5 000 000 |  |  | % | 83,76 | 4 188 000,00 | 0,29 |
| 4,70 | % Newcastle Coal Infrastructure Group Pty Ltd |  |  |  |  |  |  |  |  |
|  | -Reg- (MTN) 2021/2031 ......................      | USD | 5 800 000 |  |  | % | 82,95 | 4 811 100,00 | 0,33 |
| 5,00 | % Nippon Life Insurance Co. -Reg- 2012/2042 * ....  | USD | 24 300 000 |  | 5 000 000 | % | 100,158 | 24 338 394,00 | 1,68 |
| 5,10 | % Nippon Life Insurance Co. -Reg- 2014/2044 * ....  | USD | 29 500 000 |  |  | % | 99,561 | 29 370 495,00 | 2,03 |
| 4,70 | % Nippon Life Insurance Co. -Reg- 2016/2046 * ....  | USD | 10 238 000 |  | 2 000 000 | % | 97,985 | 10 031 704,30 | 0,69 |
| 1,25 | % NongHyup Bank -Reg- (MTN) 2020/2025 ........  | USD | 5 000 000 |  | 5 000 000 | % | 92,529 | 4 626 450,00 | 0,32 |
| 4,00 | % Oil India International Pte Ltd (MTN) 2017/2027 ..  | USD | 16 500 000 |  | 3 000 000 | % | 96,138 | 15 862 770,00 | 1,10 |
| 7,625 | % PB International BV (MTN) 2017/2025 ..........  | USD | 15 050 000 | (30 100 000) | 30 100 000 | % | 44,606 | 6 713 203,00 | 0,46 |
| 3,75 | % PCCW-HKT Capital No 5 Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2013/2023 ................................  | USD | 9 600 000 |  | 10 000 000 | % | 100,164 | 9 615 744,00 | 0,67 |
| 4,50 | % Pelabuhan Indonesia Persero PT -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2023 ................................  | USD | 25 000 000 |  |  | % | 100,129 | 25 032 250,00 | 1,73 |
| 5,95 | % Periama Holdings LLC/DE (MTN) 2020/2026 .....  | USD | 4 000 000 |  |  | % | 89,66 | 3 586 400,00 | 0,25 |
| 4,30 | % Pertamina Persero PT -Reg- (MTN) 2013/2023....  | USD | 10 000 000 |  | 5 000 000 | % | 100,19 | 10 019 000,00 | 0,69 |
| 5,95 | % Petron Corp. 2021/perpetual * ................  | USD | 6 000 000 |  |  | % | 96,534 | 5 792 040,00 | 0,40 |
| 2,75 | % POSCO Holdings, Inc. -Reg- (MTN) 2019/2024 ...  | USD | 1 800 000 |  |  | % | 97,941 | 1 762 938,00 | 0,12 |
| 2,375 | % POSCO Holdings, Inc. -Reg- 2020/2023 .........  | USD | 3 000 000 |  |  | % | 99,473 | 2 984 190,00 | 0,21 |
| 3,546 | % Rakuten Group, Inc. (MTN) 2019/2024 ..........  | USD | 16 300 000 |  |  | % | 96,098 | 15 663 974,00 | 1,08 |
| 2,17 | % Renesas Electronics Corp. -Reg- (MTN) 2021/2026 | USD | 2 000 000 |  |  | % | 89,668 | 1 793 360,00 | 0,12 |
| 6,45 | % ReNew Power Pvt Ltd -Reg- 2019/2022.........  | USD | 27 994 000 |  | 2 000 000 | % | 99,681 | 27 904 699,14 | 1,93 |
| 4,45 | % Saka Energi Indonesia PT -Reg- (MTN) 2017/2024 . | USD | 21 220 000 |  |  | % | 92,034 | 19 529 614,80 | 1,35 |
| 1,35 | % Shinhan Financial Group Co., Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2026 ................................  | USD | 9 400 000 |  |  | % | 91,897 | 8 638 318,00 | 0,60 |
| 3,00 | % Singapore Airlines Ltd (MTN) 2021/2026 ........  | USD | 6 000 000 |  |  | % | 95,258 | 5 715 480,00 | 0,40 |
| 2,125 | % SK Battery America, Inc. (MTN) 2021/2026 ......  | USD | 4 250 000 |  |  | % | 90,429 | 3 843 232,50 | 0,27 |
| 3,00 | % SK Hynix, Inc. (MTN) 2019/2024 ...............  | USD | 20 000 000 |  |  | % | 97,593 | 19 518 600,00 | 1,35 |
| 1,00 | % SK Hynix, Inc. -Reg- 2021/2024 ...............  | USD | 6 000 000 |  |  | % | 95,42 | 5 725 200,00 | 0,40 |
| 1,50 | % SK Hynix, Inc. -Reg- (MTN) 2021/2026 ..........  | USD | 12 500 000 |  |  | % | 89,876 | 11 234 500,00 | 0,78 |
| 3,875 | % SmarTone Finance Ltd (MTN) 2013/2023 ........  | USD | 1 744 000 |  |  | % | 99,67 | 1 738 244,80 | 0,12 |
| 6,50 | % SMC Global Power Holdings Corp. 2019/perpetual *  USD | 5 000 000 |  |  | % | 98,525 | 4 926 250,00 | 0,34 |
| 5,375 | % SoftBank Group Corp. (MTN) 2015/2022 ........  | USD | 9 990 000 | 5 790 000 | 7 000 000 | % | 99,569 | 9 946 943,10 | 0,69 |
| 6,00 | % SoftBank Group Corp. 2017/perpetual * .........  | USD | 40 300 000 |  |  | % | 89,506 | 36 070 918,00 | 2,50 |
| 4,75 | % SoftBank Group Corp. (MTN) 2017/2024 ........  | USD | 8 000 000 |  |  | % | 92,804 | 7 424 320,00 | 0,51 |
| 5,125 | % SoftBank Group Corp. (MTN) 2017/2027 ........  | USD | 3 320 000 |  | 5 000 000 | % | 82,319 | 2 732 990,80 | 0,19 |
| 5,50 | % SoftBank Group Corp. (MTN) 2018/2023 ........  | USD | 3 907 000 | 1 007 000 |  | % | 98,331 | 3 841 792,17 | 0,27 |
| 5,325 | % Sompo Japan Insurance, Inc. -Reg- 2013/2073 * ..  | USD | 3 287 000 |  |  | % | 100,224 | 3 294 362,88 | 0,23 |
| 4,50 | % State Bank of India/London (MTN) 2018/2023 ....  | USD | 1 009 000 |  |  | % | 100,909 | 1 018 171,81 | 0,07 |
| 2,60 | % Sumitomo Corp. (MTN) 2019/2024 .............  | USD | 14 250 000 |  |  | % | 97,475 | 13 890 187,50 | 0,96 |
| 1,55 | % Sumitomo Corp. (MTN) 2021/2026 .............  | USD | 8 000 000 |  |  | % | 90,515 | 7 241 200,00 | 0,50 |
| 6,50 | % Sumitomo Life Insurance Co. -Reg- 2013/2073 *..  | USD | 16 100 000 |  |  | % | 101,604 | 16 358 244,00 | 1,13 |
| 2,696 | % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2024 ................................  | USD | 2 000 000 |  |  | % | 97,422 | 1 948 440,00 | 0,13 |
| 1,474 | % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ................................  | USD | 5 000 000 |  |  | % | 92,078 | 4 603 900,00 | 0,32 |
| 0,508 | % Sumitomo Mitsui Financial Group, Inc. 2021/2024 . | USD | 2 000 000 |  |  | % | 95,303 | 1 906 060,00 | 0,13 |
| 1,05 | % Sumitomo Mitsui Trust Bank Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ................................  | USD | 3 450 000 |  |  | % | 90,926 | 3 136 947,00 | 0,22 |
| 0,85 | % Sumitomo Mitsui Trust Bank Ltd -Reg- 2021/2024 | USD | 15 000 000 |  |  | % | 95,032 | 14 254 800,00 | 0,99 |
| 2,25 | % Suntory Holdings Ltd -Reg- (MTN) 2019/2024 ....  | USD | 15 600 000 |  |  | % | 95,459 | 14 891 604,00 | 1,03 |
| 6,75 | % Theta Capital Pte Ltd (MTN) 2016/2026 .........  | USD | 25 100 000 | 2 000 000 |  | % | 76,957 | 19 316 207,00 | 1,34 |
| 8,125 | % Theta Capital Pte Ltd (MTN) 2020/2025 .........  | USD | 41 800 000 |  |  | % | 86,104 | 35 991 472,00 | 2,49 |
| 0,75 | % TSMC Global Ltd -Reg- (MTN) 2020/2025 .......  | USD | 14 000 000 |  |  | % | 91,014 | 12 741 960,00 | 0,88 |
| 1,75 | % United Overseas Bank Ltd (MTN) 2020/2031 * ...  | USD | 15 000 000 |  |  | % | 90,584 | 13 587 600,00 | 0,94 |
| 2,875 | % United States Treasury Note/Bond (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2032 ................................  | USD | 20 000 000 | 20 000 000 |  | % | 98,75 | 19 750 000,00 | 1,37 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum |  |  | USD | vermögen |
| 3,074 % Vanke Real Estate Hong Kong Co., Ltd (MTN) 2018/2023 * ..............................  | USD | 3 000 000 | 3 000 000 | % | 99,422 | 2 982 660,00 | 0,21 |
| 8,00  % Vedanta Resources Finance II PLC -Reg- |  |  |  |  |  |  |  |  |  |
| 2019/2023 ................................  | USD | 15 000 000 | % | 83,767 | 12 565 050,00 | 0,87 |
| 13,875 % Vedanta Resources Finance II PLC -Reg- |  |  |  |  |  |  |  |  |  |
| 2020/2024 ................................  | USD | 33 200 000 |  | 3 800 000 | % | 89,899 | 29 846 468,00 | 2,07 |
| 6,375 % Vedanta Resources Ltd -Reg- (MTN) 2017/2022 ..  | USD | 17 700 000 | 13 500 000 | 23 000 000 | % | 99,352 | 17 585 304,00 | 1,22 |
| 7,50  % Wanda Group Overseas Ltd 2019/2022 .........  | USD | 5 600 000 | 5 000 000 | 5 400 000 | % | 97,629 | 5 467 224,00 | 0,38 |
| 6,95  % Wanda Properties Overseas Ltd 2019/2022  ....  | USD | 3 000 000 | 3 000 000 |  | % | 89,858 | 2 695 740,00 | 0,19 |
| Investmentanteile |  |  |  |  |  |  | 56 689 087,90 | 3,92 |
| Gruppeneigene Investmentanteile Deutsche Global Liquidity Series PLC - Deutsche Managed Dollar Fund -Z- USD - (0,100%) ...............  | Anteile | 5 434 | 46 863 | 44 395 | USD | 10 431,58 | 56 689 087,90 | 3,92 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 1 446 671 009,31 | 100,14 |

Derivate
(Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen)
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  | -5 596 579,12 | -0,39 |
| --- | --- | --- | --- | --- |
| Devisentermingeschäfte |  |  |  |  |
| Devisentermingeschäfte (Kauf) |  |  |  |  |
| Offene Positionen AUD/USD 24,2 Mio. ................................  |  |  | -71 911,53 | 0,00 |
| CHF/USD 6,3 Mio. .................................  |  |  | 3 097,07 | 0,00 |
| CNH/USD 0,2 Mio. .................................  |  |  | -10,01 | 0,00 |
| EUR/USD 311,9 Mio. ...............................  |  |  | -5 180 804,05 | -0,36 |
| GBP/USD 1,4 Mio. .................................  |  |  | -16 570,71 | 0,00 |
| HKD/USD 28,5 Mio. ................................  |  |  | -1 586,14 | 0,00 |
| SGD/USD 55,2 Mio. ................................  |  |  | -232 985,99 | -0,02 |
| Geschlossene Positionen EUR/USD 9,7 Mio. |  |  | -95 807,76 | -0,01 |
| Bankguthaben |  |  | 1 385 515,22 | 0,10 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR | 857 545 | 893 175,55 | 0,06 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |
| Australischer Dollar ................................  | AUD | 115 661 | 79 835,07 | 0,01 |
| Britisches Pfund ...................................  | GBP | 46 790 | 56 903,39 | 0,01 |
| Chinesischer Renminbi ..............................  | CNY | 343 223 | 51 255,93 | 0,00 |
| Hongkong Dollar ...................................  | HKD | 19 597 | 2 497,59 | 0,00 |
| Schweizer Franken .................................  | CHF | 188 127 | 196 836,83 | 0,01 |
| Singapur Dollar ....................................  | SGD | 146 264 | 105 010,86 | 0,01 |
| Sonstige Vermögensgegenstände |  |  | 20 906 937,38 | 1,44 |
| Abgegrenzte Platzierungsgebühr ** ...................  |  |  | 738 813,25 | 0,05 |
| Zinsansprüche .....................................  |  |  | 20 133 817,48 | 1,39 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  | 12 098,97 | 0,00 |
| Sonstige Ansprüche ................................  |  |  | 22 207,68 | 0,00 |
| Forderungen aus Anteilscheingeschäften |  |  | 5 429 197,37 | 0,38 |
| Summe der Vermögensgegenstände *** |  |  | 1 474 395 756,35 | 102,06 |
| Kurzfristige Verbindlichkeiten |  |  | -3 496 666,06 | -0,24 |
| Kredite in Nicht-EU/EWR-Währungen |  |  |  |  |
| US-Dollar ........................................  | USD |  | -3 496 666,06 | -0,24 |
| Sonstige Verbindlichkeiten |  |  | -6 599 997,46 | -0,45 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  | -2 587 191,90 | -0,17 |
| Andere sonstige Verbindlichkeiten .....................  |  |  | -4 012 805,56 | -0,28 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  | -14 122 558,65 | -0,98 |
| Summe der Verbindlichkeiten |  |  | -29 818 898,36 | -2,06 |
| Fondsvermögen |  |  | 1 444 576 857,99 | 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 AUD LDMH .................................  | AUD | 90,66 |
| Klasse CHF LCH ...................................  | CHF | 95,29 |
| Klasse CHF TFCH ..................................  | CHF | 96,71 |
| Klasse RMB FCH350 ...............................  | CNY | 113,27 |
| Klasse RMB FCH700 ...............................  | CNY | 113,64 |
| Klasse FCH .......................................  | EUR | 130,96 |
| Klasse FCH100 ....................................  | EUR | 98,60 |
| Klasse IDH .......................................  | EUR | 86,33 |
| Klasse LCH .......................................  | EUR | 97,30 |
| Klasse LDH .......................................  | EUR | 84,80 |
| Klasse LDMH .....................................  | EUR | 88,25 |
| Klasse NCH ......................................  | EUR | 100,83 |
| Klasse NDH ......................................  | EUR | 90,74 |
| Klasse PFDH ......................................  | EUR | 90,14 |
| Klasse TFCH ......................................  | EUR | 99,88 |
| Klasse TFDH ......................................  | EUR | 83,08 |
| Klasse TFDMH ....................................  | EUR | 89,87 |
| Klasse GBP TFDMH ................................  | GBP | 89,69 |
| Klasse HKD LDM ..................................  | HKD | 91,00 |
| Klasse HKD LDMH .................................  | HKD | 92,10 |
| Klasse HKD TFDMH ................................  | HKD | 102,79 |
| Klasse SGD LDM ..................................  | SGD | 9,89 |
| Klasse SGD LDMH .................................  | SGD | 8,93 |
| Klasse SGD TFDMH ................................  | SGD | 9,37 |
| Klasse USD FC ....................................  | USD | 148,66 |
| Klasse USD FC50 ..................................  | USD | 108,54 |
| Klasse USD IC ....................................  | USD | 115,15 |
| Klasse USD LC ....................................  | USD | 106,17 |
| Klasse USD LDM ..................................  | USD | 88,07 |
| Klasse USD IC100 .................................  | USD | 116,78 |
| Klasse USD TFC ...................................  | USD | 109,37 |
| Klasse USD TFDM .................................  | USD | 91,77 |
| Klasse USD XC ....................................  | USD | 116,17 |
| Umlaufende Anteile Klasse AUD LDMH .................................  | Stück | 262 033,305 |
| Klasse CHF LCH ...................................  | Stück | 1 000,983 |
| Klasse CHF TFCH ..................................  | Stück | 63 711,100 |
| Klasse RMB FCH350 ...............................  | Stück | 760,000 |
| Klasse RMB FCH700 ...............................  | Stück | 760,000 |
| Klasse FCH .......................................  | Stück | 242 471,176 |
| Klasse FCH100 ....................................  | Stück | 0,115 |
| Klasse IDH .......................................  | Stück | 1 277 550,000 |
| Klasse LCH .......................................  | Stück | 220 777,145 |
| Klasse LDH .......................................  | Stück | 337 640,247 |
| Klasse LDMH .....................................  | Stück | 195 877,897 |
| Klasse NCH ......................................  | Stück | 108 460,000 |
| Klasse NDH ......................................  | Stück | 2 729,000 |
| Klasse PFDH ......................................  | Stück | 514 626,000 |
| Klasse TFCH ......................................  | Stück | 411 352,509 |
| Klasse TFDH ......................................  | Stück | 18 359,000 |
| Klasse TFDMH ....................................  | Stück | 6 054,270 |
| Klasse GBP TFDMH ................................  | Stück | 15 658,436 |
| Klasse HKD LDM ..................................  | Stück | 4 148 334,691 |
| Klasse HKD LDMH .................................  | Stück | 307 693,103 |
| Klasse HKD TFDMH ................................  | Stück | 904,000 |
| Klasse SGD LDM ..................................  | Stück | 167 991,930 |
| Klasse SGD LDMH .................................  | Stück | 4 450 786,340 |
| Klasse SGD TFDMH ................................  | Stück | 1 624 560,035 |
| Klasse USD FC ....................................  | Stück | 442 316,925 |
| Klasse USD FC50 ..................................  | Stück | 1 465 223,136 |
| Klasse USD IC ....................................  | Stück | 1 534 791,000 |
| Klasse USD LC ....................................  | Stück | 727 043,824 |
| Klasse USD LDM ..................................  | Stück | 3 129 236,616 |
| Klasse USD IC100 .................................  | Stück | 39 001,000 |
| Klasse USD TFC ...................................  | Stück | 606 813,268 |
| Klasse USD TFDM .................................  | Stück | 1 317 812,142 |
| Klasse USD XC ....................................  | Stück | 501 890,837 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) JPMorgan ASIA CREDIT INDEX in USD (hedged) TR – JACI Index
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 35,397 |
| --- | --- | --- |
| größter potenzieller Risikobetrag  .....................  | % | 98,793 |
| durchschnittlicher potenzieller Risikobetrag . . . . . . . . . . . . . | % | 70,766 |

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 0,0, 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 USD 0,00. Ohne Berücksichtigung gegebenenfalls auf Ebene von Anteilklassen zum Zwecke der Währungsabsicherung abgeschlossener Devisentermingeschäfte.
 Marktschlüssel	 Vertragspartner der Devisentermingeschäfte
Barclays Bank Ireland PLC, Deutsche Bank AG, HSBC France, Royal Bank of Canada (UK) und UBS AG.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Australischer Dollar	AUD | 1,448750 | = USD | 1 |
| --- | --- | --- | --- |
| Schweizer Franken	CHF | 0,955750 | = USD | 1 |
| Chinesischer Renminbi	CNY | 6,696250 | = USD | 1 |
| Euro	EUR | 0,960108 | = USD | 1 |
| Britisches Pfund	GBP | 0,822267 | = USD | 1 |
| Hongkong Dollar	HKD | 7,846400 | = USD | 1 |
| Singapur Dollar	SGD | 1,392850 | = USD | 1 |

 Erläuterungen zur Bewertung	
Die Anteilwerte werden in Verantwortung des Verwaltungsrats der SICAV durch die Verwaltungsgesellschaft ermittelt sowie die Bewertung der Vermögenswerte des Fondsvermögens durchgeführt. 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, Luxembourg Branch, als externem Price Service Provider und der Verwaltungsgesellschaft abgestimmt sind und sich so weit als möglich auf Marktparameter stützen. Diese Vorgehensweise unterliegt 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 in geringem Maße zu abgeleiteten Verkehrswerten bewertet.
In Klammern sind die aktuellen Verwaltungsvergütungs-/Kostenpauschalsätze zum Berichtsstichtag für die im Wertpapiervermögen enthaltenen Investmentanteile aufgeführt. Das Zeichen + bedeutet, dass darüber hinaus ggf. eine erfolgsabhängige Vergütung berechnet werden kann. Da der Investmentfonds im Berichtszeitraum andere Investmentanteile („Zielfonds“) hielt, können weitere Kosten, Gebühren und Vergütungen auf Ebene des Zielfonds angefallen sein.
 Fußnoten	
* Variabler Zinssatz.
** Die abgegrenzte Platzierungsgebühr wird über einen Zeitraum von drei Jahren abgeschrieben (entsprechend Artikel 12 d) des Verwaltungsreglements – Allgemeiner Teil des Fonds).
*** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.