# Sector Positioning
Security Holdings (excl. Derivatives)
Contribution to Duration Times Spread (incl. Derivatives)
|  | Fund | Index | Relative | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- |
| Treasury | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Quasi / Sov / Supra / Agncy | 4.26 | 19.58 | -15.32 | 153 | 360 | -206 |
| Agency Mortgages | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Banks & Brokers | 20.18 | 14.06 | 6.13 | 373 | 204 | 169 |
| Insurance | 0.46 | 1.91 | -1.45 | 11 | 34 | -23 |
| Property | 22.03 | 14.62 | 7.41 | 1386 | 633 | 753 |
| Other Financials | 2.75 | 5.20 | -2.45 | 188 | 118 | 69 |
| Basic Industry | 5.05 | 7.53 | -2.48 | 110 | 118 | -8 |
| Capital Goods | 1.16 | 2.61 | -1.45 | 11 | 24 | -13 |
| Consumer Cyclical | 14.08 | 13.21 | 0.87 | 448 | 311 | 137 |
| Consumer Non Cyclical | 0.40 | 2.31 | -1.92 | 12 | 24 | -12 |
| Energy | 1.10 | 2.57 | -1.47 | 44 | 39 | 5 |
| Transportation | 0.71 | 2.84 | -2.13 | 43 | 48 | -5 |
| Technology | 1.53 | 1.19 | 0.35 | 20 | 12 | 8 |
| Communications | 4.74 | 1.76 | 2.97 | 99 | 24 | 75 |
| Industrial Other | 3.61 | 2.70 | 0.90 | 115 | 54 | 61 |
| Utility | 6.64 | 7.90 | -1.26 | 116 | 136 | -20 |
| Covered | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Non Agency | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| ABS / MBS | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Unclassified | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0.00 | 0.00 | 0.00 | 74 | 0 | 74 |
| Interest Rate Derivatives | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| FX / Derivative P&L | 0.30 | 0.00 | 0.30 | 4 | 0 | 4 |
| Cash | 10.99 | 0.00 | 10.99 | 0 | 0 | 0 |
| Rounding adjustment | 0.01 | 0.01 | - | 0 | 0 | 0 |
| Total | 100.00 | 100.00 | - | 3207 | 2139 | 1068 |

Security Holdings as a percent of total net assets. Contribution to duration-times-spread (DTS) in the appropriate unit of measure. DTS includes the effect of derivatives. ‘FX / Derivative P&L’ includes collateral balances with counterparties arising from derivatives used in the fund (this can lead to a negative balance).

Translation (ENDE, 2022-08-31):
# Branchen-Aufteilung
Wertpapierbestände (ohne Derivate)
Beitrag zu Duration Times Spread (mit Derivaten)
|  | Fonds | Index | Relativ | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- |
| Staatsanleihen | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Quasi - Staatsanleihen | 4,26 | 13,13 | -8,86 | 153 | 231 | -77 |
| Agency-Hypotheken | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Banken & Broker | 20,18 | 13,62 | 6,56 | 373 | 166 | 207 |
| Versicherungen | 0,46 | 0,00 | 0,46 | 11 | 0 | 11 |
| Immobilien | 22,03 | 15,41 | 6,62 | 1386 | 876 | 509 |
| andere Finanzunternehmen | 2,75 | 4,70 | -1,96 | 188 | 153 | 34 |
| Basisindustrie | 5,05 | 12,97 | -7,91 | 110 | 214 | -103 |
| Investitionsgüter | 1,16 | 2,90 | -1,74 | 11 | 38 | -27 |
| Zyklische Konsumgüter | 14,08 | 14,16 | -0,09 | 448 | 374 | 74 |
| Nichtzyklische Konsumwerte | 0,40 | 1,10 | -0,71 | 12 | 18 | -5 |
| Energie | 1,10 | 4,52 | -3,43 | 44 | 65 | -22 |
| Transport | 0,71 | 2,92 | -2,21 | 43 | 78 | -35 |
| Technologie | 1,53 | 1,23 | 0,30 | 20 | 19 | 1 |
| Kommunikation | 4,74 | 1,85 | 2,88 | 99 | 32 | 67 |
| Andere Industriezweige | 3,61 | 2,36 | 1,25 | 115 | 87 | 28 |
| Versorger | 6,64 | 9,11 | -2,47 | 116 | 177 | -61 |
| kursgesichert | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Nicht staatlich | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| ABS / MBS | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Ohne Zuordnung | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0,00 | 0,00 | 0,00 | 74 | 0 | 74 |
| Zinsderivate | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| FX/Derivative P&L | 0,30 | 0,00 | 0,30 | 4 | 0 | 4 |
| Liquide Mittel | 10,99 | 0,00 | 10,99 | 0 | 0 | 0 |
| Rundungsausgleich | 0,01 | 0,02 | - | 0 | 1 | -1 |
| Summe | 100,00 | 100,00 | - | 3207 | 2529 | 678 |

Wertpapierbestände in Prozent des Gesamtnettovermögens. Der Beitrag zu Duration Times Spread (DTS) ist in der entsprechenden Maßeinheit angegeben. DTS berücksichtigt auch den Effekt von Derivaten. "FX/Derivate G&V" enthält Salden mit Gegenparteien für Sicherheiten, die aus vom Fonds verwendeten Derivaten resultieren (negativer Saldo möglich).