# DWS Invest ESG Women for Women
DWS INVEST ESG WOMEN FOR WOMEN

### Performance of share classes (in EUR)
| Share class | ISIN | Since inception 1 |
| --- | --- | --- |
| Class LC | LU2420982006 | -12.2% |
| Class FC | LU2420981883 | -11.9% |
| Class FD | LU2420981966 | -11.9% |
| Class LD | LU2420982188 | -12.2% |
| Class TFC | LU2420982261 | -11.9% |
| Class TFD | LU2420982345 | -11.9% |
| Class XC | LU2420982428 | -11.7% |
| Class XD | LU2420982691 | -11.7% |
| 1  Launched on January 17, 2022 |  |  |

“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 ESG Women for Women
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 5 528 108.64 | 12.19 |
| Telecommunication Services | 3 999 877.75 | 8.81 |
| Consumer Discretionaries | 11 706 095.33 | 25.76 |
| Energy | 1 320 759.18 | 2.90 |
| Consumer Staples | 4 803 308.58 | 10.57 |
| Financials | 8 324 989.66 | 18.35 |
| Basic Materials | 1 123 473.57 | 2.48 |
| Industrials | 3 692 055.73 | 8.13 |
| Utilities | 2 386 195.47 | 5.26 |
| Total equities | 42 884 863.91 | 94.45 |
| 2. Derivatives | 68 817.76 | 0.15 |
| 3. Cash at bank | 1 428 457.66 | 3.14 |
| 4. Other assets | 3 086 554.94 | 6.80 |
| 5. Receivables from share certificate transactions | 16 058.20 | 0.04 |
| II. Liabilities |  |  |
| 1. Other liabilities | -2 078 276.46 | -4.58 |
| III. Net assets | 45 406 476.01 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ currency | principal amount | additions in the | disposals reporting period |  |  | value in EUR | net assets |
| Securities traded on an exchange |  |  |  |  |  |  | 42 884 863.91 | 94.45 |
| Equities Agnico Eagle Mines Ltd .............................  | Count | 9 198 | 9 198 |  | CAD | 60.7 | 415 716.90 | 0.92 |
| Air Canada ........................................  | Count | 14 117 | 14 117 |  | CAD | 15.78 | 165 868.91 | 0.37 |
| Canadian National Railway Co. ........................  | Count | 10 000 | 10 000 |  | CAD | 142.23 | 1 059 026.41 | 2.33 |
| Nutrien Ltd .......................................  | Count | 1 951 | 1 951 |  | CAD | 103.17 | 149 873.99 | 0.33 |
| Sun Life Financial, Inc................................  | Count | 6 900 | 6 900 |  | CAD | 58.12 | 298 600.33 | 0.66 |
| Toronto-Dominion Bank ..............................       | Count | 16 478 | 16 478 |  | CAD | 82.88 | 1 016 880.27 | 2.24 |
| Orsted AS ........................................  | Count | 5 002 | 5 002 |  | DKK | 733.3 | 493 092.79 | 1.09 |
| Allianz SE.........................................  | Count | 1 301 | 1 301 |  | EUR | 180.38 | 234 674.38 | 0.52 |
| Alstom SA ........................................  | Count | 10 668 | 13 414 | 2 746 | EUR | 21.36 | 227 868.48 | 0.50 |
| Argenx SE ........................................  | Count | 500 | 500 |  | EUR | 355.1 | 177 550.00 | 0.39 |
| ASML Holding NV ..................................  | Count | 331 | 331 |  | EUR | 447.5 | 148 122.50 | 0.33 |
| Bankinter SA ......................................  | Count | 45 979 | 49 682 | 3 703 | EUR | 5.926 | 272 471.55 | 0.60 |
| Befesa SA ........................................  | Count | 2 145 | 4 670 | 2 525 | EUR | 46.1 | 98 884.50 | 0.22 |
| Brenntag SE ......................................  | Count | 1 829 | 6 459 | 4 630 | EUR | 61.14 | 111 825.06 | 0.25 |
| CNH Industrial NV ..................................  | Count | 20 700 | 25 988 | 5 288 | EUR | 10.91 | 225 837.00 | 0.50 |
| Deutsche Post AG ..................................  | Count | 3 399 | 7 920 | 4 521 | EUR | 35.225 | 119 729.78 | 0.26 |
| Deutsche Telekom AG ...............................  | Count | 36 207 | 36 207 |  | EUR | 18.896 | 684 167.47 | 1.51 |
| EDP Renovaveis SA.................................  | Count | 14 410 | 14 410 |  | EUR | 22.26 | 320 766.60 | 0.71 |
| Enel SpA .........................................  | Count | 36 500 | 36 500 |  | EUR | 5.215 | 190 347.50 | 0.42 |
| EssilorLuxottica SA .................................  | Count | 994 | 1 230 | 236 | EUR | 141.35 | 140 501.90 | 0.31 |
| Henkel AG & Co., KGaA .............................  | Count | 2 690 | 3 330 | 640 | EUR | 58.2 | 156 558.00 | 0.34 |
| Industria de Diseno Textil SA ..........................  | Count | 7 370 | 8 840 | 1 470 | EUR | 21.33 | 157 202.10 | 0.35 |
| Jungheinrich AG....................................  | Count | 4 239 | 7 196 | 2 957 | EUR | 20.3 | 86 051.70 | 0.19 |
| Koninklijke Ahold Delhaize NV .........................  | Count | 36 287 | 36 287 |  | EUR | 24.68 | 895 563.16 | 1.97 |
| Linde PLC ........................................  | Count | 919 | 919 |  | EUR | 271.8 | 249 784.20 | 0.55 |
| L‘Oreal SA ........................................  | Count | 1 614 | 1 966 | 352 | EUR | 324 | 522 936.00 | 1.15 |
| Mercedes-Benz Group AG............................  | Count | 3 124 | 6 810 | 3 686 | EUR | 54.52 | 170 320.48 | 0.37 |
| Neste Oyj ........................................  | Count | 11 883 | 11 883 |  | EUR | 41.82 | 496 947.06 | 1.09 |
| Orange SA ........................................  | Count | 40 767 | 40 767 |  | EUR | 11.216 | 457 242.67 | 1.01 |
| Schneider Electric SE ...............................  | Count | 738 | 1 720 | 982 | EUR | 111.34 | 82 168.92 | 0.18 |
| Scout24 AG .......................................  | Count | 4 707 | 4 707 |  | EUR | 48.6 | 228 760.20 | 0.50 |
| Siemens AG.......................................  | Count | 1 219 | 2 840 | 1 621 | EUR | 96.45 | 117 572.55 | 0.26 |
| Smurfit Kappa Group PLC ............................  | Count | 6 223 | 12 071 | 5 848 | EUR | 31.54 | 196 273.42 | 0.43 |
| Sodexo SA ........................................  | Count | 7 012 | 8 680 | 1 668 | EUR | 65.46 | 459 005.52 | 1.01 |
| Sopra Steria Group .................................  | Count | 1 454 | 1 800 | 346 | EUR | 140.8 | 204 723.20 | 0.45 |
| STMicroelectronics NV ..............................  | Count | 10 109 | 12 514 | 2 405 | EUR | 29.465 | 297 861.69 | 0.66 |
| SUSE SA .........................................  | Count | 7 480 | 9 259 | 1 779 | EUR | 21.04 | 157 379.20 | 0.35 |
| Universal Music Group, Inc. ..........................  | Count | 9 370 | 9 370 |  | EUR | 18.9 | 177 093.00 | 0.39 |
| Veolia Environnement SA ............................  | Count | 7 351 | 9 100 | 1 749 | EUR | 23.04 | 169 367.04 | 0.37 |
| Worldline SA ......................................  | Count | 9 071 | 10 921 | 1 850 | EUR | 34.62 | 314 038.02 | 0.69 |
| Zalando SE........................................  | Count | 11 407 | 14 120 | 2 713 | EUR | 24.16 | 275 593.12 | 0.61 |
| AstraZeneca PLC...................................  | Count | 7 356 | 7 356 |  | GBP | 106.98 | 918 864.65 | 2.02 |
| CVS Group PLC ....................................  | Count | 8 410 | 8 410 |  | GBP | 16.45 | 161 535.93 | 0.36 |
| Experian PLC ......................................  | Count | 2 239 | 4 990 | 2 751 | GBP | 23.84 | 62 325.76 | 0.14 |
| HSBC Holdings PLC ................................  | Count | 141 000 | 141 000 |  | GBP | 5.287 | 870 433.61 | 1.92 |
| Informa PLC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 32 438 | 60 113 | 27 675 | GBP | 5.236 | 198 317.45 | 0.44 |
| Pearson PLC ......................................  | Count | 58 297 | 58 297 |  | GBP | 7.436 | 506 165.82 | 1.11 |
| SSE PLC .........................................  | Count | 11 500 | 11 500 |  | GBP | 16.13 | 216 590.52 | 0.48 |
| AIA Group Ltd .....................................  | Count | 37 600 | 37 600 |  | HKD | 85.05 | 391 301.77 | 0.86 |
| ANTA Sports Products Ltd ...........................  | Count | 39 000 | 39 000 |  | HKD | 96.4 | 460 035.43 | 1.01 |
| Hong Kong Exchanges & Clearing Ltd ..................  | Count | 4 200 | 4 200 |  | HKD | 386 | 198 374.68 | 0.44 |
| Lenovo Group Ltd ..................................  | Count | 156 000 | 156 000 |  | HKD | 7.33 | 139 919.49 | 0.31 |
| Bridgestone Corp. ..................................  | Count | 12 700 | 12 700 |  | JPY | 4 950 | 444 080.41 | 0.98 |
| Daikin Industries Ltd ................................  | Count | 1 700 | 2 500 | 800 | JPY | 21 750 | 261 192.61 | 0.57 |
| Komatsu Ltd ......................................  | Count | 10 800 | 10 800 |  | JPY | 3 008 | 229 484.99 | 0.51 |
| Nippon Telegraph & Telephone Corp.....................  | Count | 14 300 | 14 300 |  | JPY | 3 896 | 393 557.04 | 0.87 |
| Omron Corp. ......................................  | Count | 5 500 | 5 500 |  | JPY | 6 891 | 267 730.37 | 0.59 |
| Recruit Holdings Co., Ltd ............................  | Count | 7 300 | 7 300 |  | JPY | 3 995 | 206 011.92 | 0.45 |
| Tokio Marine Holdings, Inc. ...........................  | Count | 4 400 | 5 800 | 1 400 | JPY | 7 903 | 245 639.02 | 0.54 |
| Tokyo Gas Co., Ltd .................................  | Count | 13 200 | 13 200 |  | JPY | 2 807 | 261 739.36 | 0.58 |
| Toyota Motor Corp. .................................  | Count | 14 500 | 14 500 |  | JPY | 2 100 | 215 099.79 | 0.47 |
| SK Telecom Co., Ltd ................................  | Count | 8 477 | 8 477 |  | KRW | 52 000 | 325 954.60 | 0.72 |
| Sandvik AB .......................................  | Count | 7 948 | 21 640 | 13 692 | SEK | 164.05 | 121 737.93 | 0.27 |
| Volvo Car AB ......................................  | Count | 14 000 | 14 000 |  | SEK | 67.81 | 88 636.70 | 0.19 |
| MediaTek, Inc. .....................................         | Count | 5 000 | 5 000 |  | TWD | 651 | 105 105.40 | 0.23 |
| AC Immune SA ....................................  | Count | 24 568 | 24 568 |  | USD | 3.63 | 85 624.20 | 0.19 |
| Adobe, Inc. .......................................  | Count | 1 032 | 1 032 |  | USD | 359.15 | 355 857.12 | 0.78 |
| American Water Works Co, Inc. .......................  | Count | 3 572 | 4 573 | 1 001 | USD | 146.06 | 500 913.61 | 1.10 |
| Ameriprise Financial, Inc. ............................  | Count | 1 985 | 2 600 | 615 | USD | 232.8 | 443 673.59 | 0.98 |
| Apple, Inc. ........................................  | Count | 5 282 | 7 932 | 2 650 | USD | 135.28 | 686 044.17 | 1.51 |

| Arista Networks, Inc.................................  | Count | 2 945 | 3 910 | 965 | USD | 92.6 | 261 828.17 | 0.58 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Baker Hughes Co. ..................................  | Count | 28 630 | 38 468 | 9 838 | USD | 29.97 | 823 812.12 | 1.81 |
| Bank of America Corp. ..............................  | Count | 25 000 | 25 000 |  | USD | 30.77 | 738 563.08 | 1.63 |
| BioMarin Pharmaceutical, Inc..........................  | Count | 3 244 | 3 244 |  | USD | 82.36 | 256 517.66 | 0.56 |
| BioNTech SE -ADR- .................................  | Count | 1 339 | 1 339 |  | USD | 144.98 | 186 384.06 | 0.41 |
| Bristol-Myers Squibb Co..............................  | Count | 4 612 | 10 615 | 6 003 | USD | 76.9 | 340 514.59 | 0.75 |
| Centene Corp. .....................................  | Count | 3 166 | 3 166 |  | USD | 84.59 | 257 128.39 | 0.57 |
| Citigroup, Inc. .....................................  | Count | 15 554 | 15 554 |  | USD | 45.51 | 679 624.49 | 1.50 |
| Darling Ingredients, Inc. .............................  | Count | 9 841 | 9 841 |  | USD | 61.72 | 583 156.66 | 1.28 |
| Deere & Co........................................  | Count | 1 010 | 1 010 |  | USD | 295.06 | 286 122.36 | 0.63 |
| Eli Lilly & Co. ......................................  | Count | 3 809 | 3 809 |  | USD | 323.1 | 1 181 593.30 | 2.60 |
| Etsy, Inc. .........................................  | Count | 4 780 | 4 780 |  | USD | 71.3 | 327 218.25 | 0.72 |
| Eversource Energy .................................  | Count | 2 901 | 2 901 |  | USD | 83.79 | 233 378.05 | 0.51 |
| FedEx Corp. .......................................  | Count | 940 | 940 |  | USD | 225.58 | 203 586.29 | 0.45 |
| Hasbro, Inc. .......................................  | Count | 14 204 | 14 204 |  | USD | 81.84 | 1 116 082.69 | 2.46 |
| Home Depot, Inc. ..................................  | Count | 909 | 909 |  | USD | 270.06 | 235 691.67 | 0.52 |
| Horizon Therapeutics Plc .............................  | Count | 8 886 | 8 886 |  | USD | 80.67 | 688 237.69 | 1.52 |
| Infosys Ltd -ADR- ..................................  | Count | 20 973 | 36 002 | 15 029 | USD | 18.41 | 370 710.11 | 0.82 |
| Intra-Cellular Therapies, Inc. ..........................       | Count | 8 698 | 8 698 |  | USD | 56.73 | 473 753.33 | 1.04 |
| IQVIA Holdings, Inc. ................................  | Count | 932 | 932 |  | USD | 214.48 | 191 921.13 | 0.42 |
| Johnson Controls International Plc .....................  | Count | 6 650 | 6 650 |  | USD | 47.78 | 305 061.84 | 0.67 |
| Lululemon Athletica, Inc..............................  | Count | 1 042 | 1 775 | 733 | USD | 272.55 | 272 667.89 | 0.60 |
| Marsh & McLennan Cos, Inc. .........................  | Count | 4 124 | 4 124 |  | USD | 153.69 | 608 533.31 | 1.34 |
| Merck & Co, Inc. ...................................  | Count | 17 920 | 17 920 |  | USD | 92.29 | 1 587 861.94 | 3.50 |
| Microsoft Corp. ....................................  | Count | 6 350 | 6 350 |  | USD | 255.12 | 1 555 386.48 | 3.43 |
| Mondelez International, Inc. ..........................  | Count | 8 698 | 8 698 |  | USD | 61.97 | 517 512.67 | 1.14 |
| Motorola Solutions, Inc. .............................  | Count | 1 307 | 1 307 |  | USD | 207.3 | 260 132.72 | 0.57 |
| Nasdaq, Inc........................................  | Count | 3 367 | 3 367 |  | USD | 151.24 | 488 911.07 | 1.08 |
| NVIDIA Corp. ......................................  | Count | 1 411 | 1 411 |  | USD | 150.54 | 203 938.40 | 0.45 |
| PayPal Holdings, Inc. ................................  | Count | 3 649 | 3 649 |  | USD | 67.98 | 238 163.45 | 0.52 |
| Pfizer, Inc. ........................................  | Count | 7 165 | 9 124 | 1 959 | USD | 51.5 | 354 277.45 | 0.78 |
| Procter & Gamble Co. ...............................  | Count | 6 868 | 8 715 | 1 847 | USD | 142.04 | 936 614.85 | 2.06 |
| Progressive Corp. ..................................  | Count | 8 629 | 9 479 | 850 | USD | 114.06 | 944 961.09 | 2.08 |
| QUALCOMM, Inc. ..................................  | Count | 3 030 | 4 113 | 1 083 | USD | 126.16 | 367 015.49 | 0.81 |
| Ross Stores, Inc. ...................................  | Count | 3 747 | 4 261 | 514 | USD | 69.85 | 251 287.10 | 0.55 |
| Taiwan Semiconductor Manufacturing Co., Ltd -ADR- ......  | Count | 12 090 | 12 090 |  | USD | 80.64 | 936 045.39 | 2.06 |
| Ultragenyx Pharmaceutical, Inc. .......................  | Count | 4 767 | 4 767 |  | USD | 59.2 | 270 948.62 | 0.60 |
| Visa, Inc. .........................................  | Count | 4 800 | 4 800 |  | USD | 193.63 | 892 347.42 | 1.96 |
| Walt Disney Co.....................................  | Count | 3 999 | 3 999 |  | USD | 92.86 | 356 533.36 | 0.78 |
| WW Grainger, Inc. ..................................  | Count | 727 | 727 |  | USD | 450.78 | 314 643.77 | 0.69 |
| Total securities portfolio |  |  |  |  |  |  | 42 884 863.91 | 94.45 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | 68 817.76 | 0.15 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |  |  |  |
| Open positions USD/EUR 4.6 million ................................  |  |  |  |  |  |  | 68 817.76 | 0.15 |
| Cash at bank |  |  |  |  |  |  | 1 428 457.66 | 3.14 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  |  |  |  | 199 159.95 | 0.44 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| Danish krone ......................................  | DKK | 181 330 |  |  |  |  | 24 376.63 | 0.05 |
| Swedish krona .....................................  | SEK | 2 931 825 |  |  |  |  | 273 734.68 | 0.60 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 20 457 |  |  |  |  | 23 885.77 | 0.05 |
| Hong Kong dollar ..................................  | HKD | 228 232 |  |  |  |  | 27 927.17 | 0.06 |
| Japanese yen......................................  | JPY | 3 692 486 |  |  |  |  | 26 083.84 | 0.06 |
| Canadian dollar ....................................  | CAD | 41 395 |  |  |  |  | 30 822.14 | 0.07 |
| New Taiwan dollar ..................................  | TWD | 1 533 614 |  |  |  |  | 49 521.08 | 0.11 |
| Swiss franc .......................................  | CHF | 308 199 |  |  |  |  | 309 604.45 | 0.68 |
| South Korean won ..................................  | KRW | 5 969 277 |  |  |  |  | 4 414.01 | 0.01 |
| U.S. dollar ........................................  | USD | 477 996 |  |  |  |  | 458 927.94 | 1.01 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Other assets | 3 086 554.94 | 6.80 |
| Dividends/Distributions receivable .....................  | 49 456.95 | 0.11 |
| Other receivables ..................................  | 3 037 097.99 | 6.69 |
| Receivables from share certificate transactions | 16 058.20 | 0.04 |
| Total assets | 47 484 752.47 | 104.58 |
| Other liabilities | -2 078 276.46 | -4.58 |
| Additional other liabilities.............................  | -2 078 276.46 | -4.58 |
| Total liabilities | -2 078 276.46 | -4.58 |
| Net assets | 45 406 476.01 | 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 FC .........................................  | EUR | 88.12 |
| Class FD .........................................  | EUR | 88.12 |
| Class LC .........................................  | EUR | 87.82 |
| Class LD .........................................  | EUR | 87.81 |
| Class TFC.........................................  | EUR | 88.12 |
| Class TFD.........................................  | EUR | 88.12 |
| Class XC .........................................  | EUR | 88.28 |
| Class XD .........................................  | EUR | 88.28 |
| Number of shares outstanding Class FC .........................................  | Count | 100.000 |
| Class FD .........................................  | Count | 100.000 |
| Class LC .........................................  | Count | 5 004.629 |
| Class LD .........................................  | Count | 4 503.134 |
| Class TFC.........................................  | Count | 110.000 |
| Class TFD.........................................  | Count | 100.000 |
| Class XC .........................................  | Count | 504 360.000 |
| Class XD .........................................  | Count | 100.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI All Countries World Index (EUR)
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 67.838 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 98.606 |
| Average market risk exposure.........................  | % | 89.894 |

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 0.1, 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 4 388 429.82.
 Market abbreviations	 Contracting parties for forward currency transactions
State Street Bank International GmbH
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Canadian dollar ................. . | CAD | 1.343026 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Swiss franc .................... . | CHF | 0.995461 | = | EUR | 1 |
| Danish krone ................... . | DKK | 7.438694 | = | EUR | 1 |
| British pound .................. . | GBP | 0.856432 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.172414 | = | EUR | 1 |
| Japanese yen .................. . | JPY | 141.562199 | = | EUR | 1 |
| South Korean won............... . | KRW | 1 352.347861 | = | EUR | 1 |
| Swedish krona.................. . | SEK | 10.710462 | = | EUR | 1 |
| New Taiwan dollar............... . | TWD | 30.968912 | = | 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 valued at derived market values.

Translation (ENDE, 2022-06-30):
# DWS Invest ESG Women for Women
DWS INVEST ESG WOMEN FOR WOMEN

### Wertentwicklung der Anteilklassen (in EUR)
| Anteilklasse | ISIN | seit Auflegung 1) |
| --- | --- | --- |
| Klasse LC | LU2420982006 | -12,2% |
| Klasse FC | LU2420981883 | -11,9% |
| Klasse FD | LU2420981966 | -11,9% |
| Klasse LD | LU2420982188 | -12,2% |
| Klasse TFC | LU2420982261 | -11,9% |
| Klasse TFD | LU2420982345 | -11,9% |
| Klasse XC | LU2420982428 | -11,7% |
| Klasse XD | LU2420982691 | -11,7% |

1) 
aufgelegt am 17.1.2022
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 Women for Women
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 5 528 108,64 | 12,19 |
| Telekommunikationsdienste | 3 999 877,75 | 8,81 |
| Dauerhafte Konsumgüter | 11 706 095,33 | 25,76 |
| Energie | 1 320 759,18 | 2,90 |
| Hauptverbrauchsgüter | 4 803 308,58 | 10,57 |
| Finanzsektor | 8 324 989,66 | 18,35 |
| Grundstoffe | 1 123 473,57 | 2,48 |
| Industrien | 3 692 055,73 | 8,13 |
| Versorger | 2 386 195,47 | 5,26 |
| Summe Aktien | 42 884 863,91 | 94,45 |
| 2. Derivate | 68 817,76 | 0,15 |
| 3. Bankguthaben | 1 428 457,66 | 3,14 |
| 4. Sonstige Vermögensgegenstände | 3 086 554,94 | 6,80 |
| 5. Forderungen aus Anteilscheingeschäften | 16 058,20 | 0,04 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -2 078 276,46 | -4,58 |
| III. Fondsvermögen | 45 406 476,01 | 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 |  |  |  |  |  |  | 42 884 863,91 | 94,45 |
| Aktien Agnico Eagle Mines Ltd .............................  | Stück | 9 198 | 9 198 |  | CAD | 60,7 | 415 716,90 | 0,92 |
| Air Canada .......................................  | Stück | 14 117 | 14 117 |  | CAD | 15,78 | 165 868,91 | 0,37 |
| Canadian National Railway Co. ........................  | Stück | 10 000 | 10 000 |  | CAD | 142,23 | 1 059 026,41 | 2,33 |
| Nutrien Ltd .......................................  | Stück | 1 951 | 1 951 |  | CAD | 103,17 | 149 873,99 | 0,33 |
| Sun Life Financial, Inc. ..............................  | Stück | 6 900 | 6 900 |  | CAD | 58,12 | 298 600,33 | 0,66 |
| Toronto-Dominion Bank .............................  | Stück | 16 478 | 16 478 |  | CAD | 82,88 | 1 016 880,27 | 2,24 |
| Orsted AS ........................................  | Stück | 5 002 | 5 002 |  | DKK | 733,3 | 493 092,79 | 1,09 |
| Allianz SE ........................................  | Stück | 1 301 | 1 301 |  | EUR | 180,38 | 234 674,38 | 0,52 |
| Alstom SA .......................................  | Stück | 10 668 | 13 414 | 2 746 | EUR | 21,36 | 227 868,48 | 0,50 |
| Argenx SE ........................................  | Stück | 500 | 500 |  | EUR | 355,1 | 177 550,00 | 0,39 |
| ASML Holding NV .................................  | Stück | 331 | 331 |  | EUR | 447,5 | 148 122,50 | 0,33 |
| Bankinter SA ......................................  | Stück | 45 979 | 49 682 | 3 703 | EUR | 5,926 | 272 471,55 | 0,60 |
| Befesa SA ........................................  | Stück | 2 145 | 4 670 | 2 525 | EUR | 46,1 | 98 884,50 | 0,22 |
| Brenntag SE ......................................  | Stück | 1 829 | 6 459 | 4 630 | EUR | 61,14 | 111 825,06 | 0,25 |
| CNH Industrial NV .................................  | Stück | 20 700 | 25 988 | 5 288 | EUR | 10,91 | 225 837,00 | 0,50 |
| Deutsche Post AG .................................  | Stück | 3 399 | 7 920 | 4 521 | EUR | 35,225 | 119 729,78 | 0,26 |
| Deutsche Telekom AG ..............................  | Stück | 36 207 | 36 207 |  | EUR | 18,896 | 684 167,47 | 1,51 |
| EDP Renovaveis SA ................................  | Stück | 14 410 | 14 410 |  | EUR | 22,26 | 320 766,60 | 0,71 |
| Enel SpA .........................................  | Stück | 36 500 | 36 500 |  | EUR | 5,215 | 190 347,50 | 0,42 |
| EssilorLuxottica SA .................................  | Stück | 994 | 1 230 | 236 | EUR | 141,35 | 140 501,90 | 0,31 |
| Henkel AG & Co., KGaA .............................  | Stück | 2 690 | 3 330 | 640 | EUR | 58,2 | 156 558,00 | 0,34 |
| Industria de Diseno Textil SA .........................  | Stück | 7 370 | 8 840 | 1 470 | EUR | 21,33 | 157 202,10 | 0,35 |
| Jungheinrich AG ...................................  | Stück | 4 239 | 7 196 | 2 957 | EUR | 20,3 | 86 051,70 | 0,19 |
| Koninklijke Ahold Delhaize NV ........................  | Stück | 36 287 | 36 287 |  | EUR | 24,68 | 895 563,16 | 1,97 |
| Linde PLC ........................................  | Stück | 919 | 919 |  | EUR | 271,8 | 249 784,20 | 0,55 |
| L‘Oreal SA .......................................  | Stück | 1 614 | 1 966 | 352 | EUR | 324 | 522 936,00 | 1,15 |
| Mercedes-Benz Group AG ...........................  | Stück | 3 124 | 6 810 | 3 686 | EUR | 54,52 | 170 320,48 | 0,37 |
| Neste Oyj ........................................  | Stück | 11 883 | 11 883 |  | EUR | 41,82 | 496 947,06 | 1,09 |
| Orange SA .......................................  | Stück | 40 767 | 40 767 |  | EUR | 11,216 | 457 242,67 | 1,01 |
| Schneider Electric SE ...............................  | Stück | 738 | 1 720 | 982 | EUR | 111,34 | 82 168,92 | 0,18 |
| Scout24 AG ......................................  | Stück | 4 707 | 4 707 |  | EUR | 48,6 | 228 760,20 | 0,50 |
| Siemens AG ......................................  | Stück | 1 219 | 2 840 | 1 621 | EUR | 96,45 | 117 572,55 | 0,26 |
| Smurfit Kappa Group PLC ...........................  | Stück | 6 223 | 12 071 | 5 848 | EUR | 31,54 | 196 273,42 | 0,43 |
| Sodexo SA .......................................  | Stück | 7 012 | 8 680 | 1 668 | EUR | 65,46 | 459 005,52 | 1,01 |
| Sopra Steria Group .................................  | Stück | 1 454 | 1 800 | 346 | EUR | 140,8 | 204 723,20 | 0,45 |
| STMicroelectronics NV ..............................  | Stück | 10 109 | 12 514 | 2 405 | EUR | 29,465 | 297 861,69 | 0,66 |
| SUSE SA .........................................  | Stück | 7 480 | 9 259 | 1 779 | EUR | 21,04 | 157 379,20 | 0,35 |
| Universal Music Group, Inc. ..........................  | Stück | 9 370 | 9 370 |  | EUR | 18,9 | 177 093,00 | 0,39 |
| Veolia Environnement SA ............................  | Stück | 7 351 | 9 100 | 1 749 | EUR | 23,04 | 169 367,04 | 0,37 |
| Worldline SA ......................................  | Stück | 9 071 | 10 921 | 1 850 | EUR | 34,62 | 314 038,02 | 0,69 |
| Zalando SE .......................................  | Stück | 11 407 | 14 120 | 2 713 | EUR | 24,16 | 275 593,12 | 0,61 |
| AstraZeneca PLC ..................................  | Stück | 7 356 | 7 356 |  | GBP | 106,98 | 918 864,65 | 2,02 |
| CVS Group PLC ...................................  | Stück | 8 410 | 8 410 |  | GBP | 16,45 | 161 535,93 | 0,36 |
| Experian PLC .....................................  | Stück | 2 239 | 4 990 | 2 751 | GBP | 23,84 | 62 325,76 | 0,14 |
| HSBC Holdings PLC ................................  | Stück | 141 000 | 141 000 |  | GBP | 5,287 | 870 433,61 | 1,92 |
| Informa PLC ......................................  | Stück | 32 438 | 60 113 | 27 675 | GBP | 5,236 | 198 317,45 | 0,44 |
| Pearson PLC ......................................  | Stück | 58 297 | 58 297 |  | GBP | 7,436 | 506 165,82 | 1,11 |
| SSE PLC .........................................  | Stück | 11 500 | 11 500 |  | GBP | 16,13 | 216 590,52 | 0,48 |
| AIA Group Ltd ....................................  | Stück | 37 600 | 37 600 |  | HKD | 85,05 | 391 301,77 | 0,86 |
| ANTA Sports Products Ltd ...........................  | Stück | 39 000 | 39 000 |  | HKD | 96,4 | 460 035,43 | 1,01 |
| Hong Kong Exchanges & Clearing Ltd ..................  | Stück | 4 200 | 4 200 |  | HKD | 386 | 198 374,68 | 0,44 |
| Lenovo Group Ltd .................................  | Stück | 156 000 | 156 000 |  | HKD | 7,33 | 139 919,49 | 0,31 |
| Bridgestone Corp. .................................  | Stück | 12 700 | 12 700 |  | JPY | 4 950 | 444 080,41 | 0,98 |
| Daikin Industries Ltd ...............................  | Stück | 1 700 | 2 500 | 800 | JPY | 21 750 | 261 192,61 | 0,57 |
| Komatsu Ltd ......................................  | Stück | 10 800 | 10 800 |  | JPY | 3 008 | 229 484,99 | 0,51 |
| Nippon Telegraph & Telephone Corp. ..................  | Stück | 14 300 | 14 300 |  | JPY | 3 896 | 393 557,04 | 0,87 |
| Omron Corp. ......................................  | Stück | 5 500 | 5 500 |  | JPY | 6 891 | 267 730,37 | 0,59 |
| Recruit Holdings Co., Ltd ............................  | Stück | 7 300 | 7 300 |  | JPY | 3 995 | 206 011,92 | 0,45 |
| Tokio Marine Holdings, Inc. ..........................  | Stück | 4 400 | 5 800 | 1 400 | JPY | 7 903 | 245 639,02 | 0,54 |
| Tokyo Gas Co., Ltd .................................  | Stück | 13 200 | 13 200 |  | JPY | 2 807 | 261 739,36 | 0,58 |
| Toyota Motor Corp. ................................  | Stück | 14 500 | 14 500 |  | JPY | 2 100 | 215 099,79 | 0,47 |
| SK Telecom Co., Ltd ...............................  | Stück | 8 477 | 8 477 |  | KRW | 52 000 | 325 954,60 | 0,72 |
| Sandvik AB .......................................  | Stück | 7 948 | 21 640 | 13 692 | SEK | 164,05 | 121 737,93 | 0,27 |
| Volvo Car AB .....................................  | Stück | 14 000 | 14 000 |  | SEK | 67,81 | 88 636,70 | 0,19 |
| MediaTek, Inc. ....................................  | Stück | 5 000 | 5 000 |  | TWD | 651 | 105 105,40 | 0,23 |
| AC Immune SA ...................................  | Stück | 24 568 | 24 568 |  | USD | 3,63 | 85 624,20 | 0,19 |
| Adobe, Inc. .......................................  | Stück | 1 032 | 1 032 |  | USD | 359,15 | 355 857,12 | 0,78 |
| American Water Works Co, Inc. ......................  | Stück | 3 572 | 4 573 | 1 001 | USD | 146,06 | 500 913,61 | 1,10 |
| Ameriprise Financial, Inc. ............................  | Stück | 1 985 | 2 600 | 615 | USD | 232,8 | 443 673,59 | 0,98 |
| Apple, Inc. .......................................  | Stück | 5 282 | 7 932 | 2 650 | USD | 135,28 | 686 044,17 | 1,51 |

| Arista Networks, Inc. ...............................  | Stück | 2 945 | 3 910 | 965 | USD | 92,6 | 261 828,17 | 0,58 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Baker Hughes Co. .................................  | Stück | 28 630 | 38 468 | 9 838 | USD | 29,97 | 823 812,12 | 1,81 |
| Bank of America Corp. ..............................  | Stück | 25 000 | 25 000 |  | USD | 30,77 | 738 563,08 | 1,63 |
| BioMarin Pharmaceutical, Inc. ........................  | Stück | 3 244 | 3 244 |  | USD | 82,36 | 256 517,66 | 0,56 |
| BioNTech SE -ADR- ................................  | Stück | 1 339 | 1 339 |  | USD | 144,98 | 186 384,06 | 0,41 |
| Bristol-Myers Squibb Co. ............................  | Stück | 4 612 | 10 615 | 6 003 | USD | 76,9 | 340 514,59 | 0,75 |
| Centene Corp. ....................................  | Stück | 3 166 | 3 166 |  | USD | 84,59 | 257 128,39 | 0,57 |
| Citigroup, Inc. .....................................  | Stück | 15 554 | 15 554 |  | USD | 45,51 | 679 624,49 | 1,50 |
| Darling Ingredients, Inc. .............................  | Stück | 9 841 | 9 841 |  | USD | 61,72 | 583 156,66 | 1,28 |
| Deere & Co. ......................................  | Stück | 1 010 | 1 010 |  | USD | 295,06 | 286 122,36 | 0,63 |
| Eli Lilly & Co. .....................................  | Stück | 3 809 | 3 809 |  | USD | 323,1 | 1 181 593,30 | 2,60 |
| Etsy, Inc. .........................................  | Stück | 4 780 | 4 780 |  | USD | 71,3 | 327 218,25 | 0,72 |
| Eversource Energy .................................  | Stück | 2 901 | 2 901 |  | USD | 83,79 | 233 378,05 | 0,51 |
| FedEx Corp. ......................................  | Stück | 940 | 940 |  | USD | 225,58 | 203 586,29 | 0,45 |
| Hasbro, Inc. ......................................  | Stück | 14 204 | 14 204 |  | USD | 81,84 | 1 116 082,69 | 2,46 |
| Home Depot, Inc. ..................................  | Stück | 909 | 909 |  | USD | 270,06 | 235 691,67 | 0,52 |
| Horizon Therapeutics Plc ............................  | Stück | 8 886 | 8 886 |  | USD | 80,67 | 688 237,69 | 1,52 |
| Infosys Ltd -ADR- ..................................  | Stück | 20 973 | 36 002 | 15 029 | USD | 18,41 | 370 710,11 | 0,82 |
| Intra-Cellular Therapies, Inc. ..........................       | Stück | 8 698 | 8 698 |  | USD | 56,73 | 473 753,33 | 1,04 |
| IQVIA Holdings, Inc. ................................  | Stück | 932 | 932 |  | USD | 214,48 | 191 921,13 | 0,42 |
| Johnson Controls International Plc .....................  | Stück | 6 650 | 6 650 |  | USD | 47,78 | 305 061,84 | 0,67 |
| Lululemon Athletica, Inc. ............................  | Stück | 1 042 | 1 775 | 733 | USD | 272,55 | 272 667,89 | 0,60 |
| Marsh & McLennan Cos, Inc. ........................  | Stück | 4 124 | 4 124 |  | USD | 153,69 | 608 533,31 | 1,34 |
| Merck & Co, Inc. ..................................  | Stück | 17 920 | 17 920 |  | USD | 92,29 | 1 587 861,94 | 3,50 |
| Microsoft Corp. ...................................  | Stück | 6 350 | 6 350 |  | USD | 255,12 | 1 555 386,48 | 3,43 |
| Mondelez International, Inc. ..........................  | Stück | 8 698 | 8 698 |  | USD | 61,97 | 517 512,67 | 1,14 |
| Motorola Solutions, Inc. .............................  | Stück | 1 307 | 1 307 |  | USD | 207,3 | 260 132,72 | 0,57 |
| Nasdaq, Inc. ......................................  | Stück | 3 367 | 3 367 |  | USD | 151,24 | 488 911,07 | 1,08 |
| NVIDIA Corp. .....................................  | Stück | 1 411 | 1 411 |  | USD | 150,54 | 203 938,40 | 0,45 |
| PayPal Holdings, Inc. ...............................  | Stück | 3 649 | 3 649 |  | USD | 67,98 | 238 163,45 | 0,52 |
| Pfizer, Inc. ........................................  | Stück | 7 165 | 9 124 | 1 959 | USD | 51,5 | 354 277,45 | 0,78 |
| Procter & Gamble Co. ..............................  | Stück | 6 868 | 8 715 | 1 847 | USD | 142,04 | 936 614,85 | 2,06 |
| Progressive Corp. ..................................  | Stück | 8 629 | 9 479 | 850 | USD | 114,06 | 944 961,09 | 2,08 |
| QUALCOMM, Inc. .................................  | Stück | 3 030 | 4 113 | 1 083 | USD | 126,16 | 367 015,49 | 0,81 |
| Ross Stores, Inc. ..................................  | Stück | 3 747 | 4 261 | 514 | USD | 69,85 | 251 287,10 | 0,55 |
| Taiwan Semiconductor Manufacturing Co., Ltd -ADR- .....  | Stück | 12 090 | 12 090 |  | USD | 80,64 | 936 045,39 | 2,06 |
| Ultragenyx Pharmaceutical, Inc. .......................  | Stück | 4 767 | 4 767 |  | USD | 59,2 | 270 948,62 | 0,60 |
| Visa, Inc. .........................................  | Stück | 4 800 | 4 800 |  | USD | 193,63 | 892 347,42 | 1,96 |
| Walt Disney Co. ...................................  | Stück | 3 999 | 3 999 |  | USD | 92,86 | 356 533,36 | 0,78 |
| WW Grainger, Inc. .................................  | Stück | 727 | 727 |  | USD | 450,78 | 314 643,77 | 0,69 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 42 884 863,91 | 94,45 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |
| Devisen-Derivate Forderungen/Verbindlichkeiten | 68 817,76 | 0,15 |
| Devisentermingeschäfte |  |  |
| Devisentermingeschäfte (Kauf) |  |  |
| Offene Positionen USD/EUR 4,6 Mio. .................................  | 68 817,76 | 0,15 |
| Bankguthaben | 1 428 457,66 | 3,14 |
| Verwahrstelle (täglich fällig) EUR-Guthaben	EUR | 199 159,95 | 0,44 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |
| Dänische Kronen ..................................	DKK	181 330 | 24 376,63 | 0,05 |
| Schwedische Kronen ...............................	SEK	2 931 825 | 273 734,68 | 0,60 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |
| Britisches Pfund ...................................	GBP	20 457 | 23 885,77 | 0,05 |
| Hongkong Dollar ...................................	HKD	228 232 | 27 927,17 | 0,06 |
| Japanischer Yen ...................................	JPY	3 692 486 | 26 083,84 | 0,06 |
| Kanadischer Dollar .................................	CAD	41 395 | 30 822,14 | 0,07 |
| Neue Taiwan Dollar ................................	TWD	1 533 614 | 49 521,08 | 0,11 |
| Schweizer Franken .................................	CHF	308 199 | 309 604,45 | 0,68 |
| Südkoreanischer Won ..............................	KRW	5 969 277 | 4 414,01 | 0,01 |
| US-Dollar ........................................	USD	477 996 | 458 927,94 | 1,01 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Sonstige Vermögensgegenstände | 3 086 554,94 | 6,80 |
| Dividenden- / Ausschüttungsansprüche .................  | 49 456,95 | 0,11 |
| Sonstige Ansprüche ................................  | 3 037 097,99 | 6,69 |
| Forderungen aus Anteilscheingeschäften | 16 058,20 | 0,04 |
| Summe der Vermögensgegenstände | 47 484 752,47 | 104,58 |
| Sonstige Verbindlichkeiten | -2 078 276,46 | -4,58 |
| Andere sonstige Verbindlichkeiten .....................  | -2 078 276,46 | -4,58 |
| Summe der Verbindlichkeiten | -2 078 276,46 | -4,58 |
| Fondsvermögen | 45 406 476,01 | 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 FC ........................................  | EUR | 88,12 |
| Klasse FD ........................................  | EUR | 88,12 |
| Klasse LC ........................................  | EUR | 87,82 |
| Klasse LD ........................................  | EUR | 87,81 |
| Klasse TFC .......................................  | EUR | 88,12 |
| Klasse TFD .......................................  | EUR | 88,12 |
| Klasse XC ........................................  | EUR | 88,28 |
| Klasse XD ........................................  | EUR | 88,28 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 100,000 |
| Klasse FD ........................................  | Stück | 100,000 |
| Klasse LC ........................................  | Stück | 5 004,629 |
| Klasse LD ........................................  | Stück | 4 503,134 |
| Klasse TFC .......................................  | Stück | 110,000 |
| Klasse TFD .......................................  | Stück | 100,000 |
| Klasse XC ........................................  | Stück | 504 360,000 |
| Klasse XD ........................................  | Stück | 100,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI All Countries World Index (EUR)
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 67,838 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 98,606 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 89,894 |

Die Risikokennzahlen wurden für den Zeitraum vom 17.1.2022 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 0,1, 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 4 388 429,82.
 Marktschlüssel	 Vertragspartner der Devisentermingeschäfte
State Street Bank International GmbH
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Kanadischer Dollar ...............  | CAD | 1,343026 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Schweizer Franken ...............  | CHF | 0,995461 | = | EUR | 1 |
| Dänische Kronen ................  | DKK | 7,438694 | = | EUR | 1 |
| Britisches Pfund .................  | GBP | 0,856432 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,172414 | = | EUR | 1 |
| Japanischer Yen .................  | JPY | 141,562199 | = | EUR | 1 |
| Südkoreanischer Won ............  | KRW | 1 352,347861 | = | EUR | 1 |
| Schwedische Kronen .............  | SEK | 10,710462 | = | EUR | 1 |
| Neue Taiwan Dollar ..............  | TWD | 30,968912 | = | 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 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 nicht zu abgeleiteten Verkehrswerten bewertet.