# Sector/Industry Exposure (% TNA)	Market Capitalisation Exposure (% TNA)
| GICS Sector | Fund | Index | Relative |  | USD | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Consumer Discretionary | 23.2 | 26.7 | -3.6 |  | >10bn | 72.3 | 75.8 | -3.5 |
| Financials | 19.1 | 20.6 | -1.5 |  | 5-10bn | 8.3 | 9.6 | -1.3 |
| Communication Services | 17.5 | 16.7 | 0.8 |  | 1-5bn | 10.5 | 6.1 | 4.4 |
| Consumer Staples | 11.2 | 4.6 | 6.6 |  | 0-1bn | 1.3 | 0.2 | 1.1 |
| Health Care | 8.4 | 5.4 | 3.0 |  | Total Market Cap Exposure | 92.4 | 91.7 |  |
| Industrials | 5.3 | 6.5 | -1.2 |  | Index / Unclassified | 5.2 | 8.3 |  |
| Real Estate | 4.9 | 7.1 | -2.3 |  | Total Equity Exposure | 97.6 | 100.0 |  |
| Information Technology | 3.5 | 5.2 | -1.7 |  |  |  |  |  |
| Materials | 2.1 | 1.9 | 0.2 |  |  |  |  |  |
| Utilities | 1.4 | 3.3 | -1.9 |  |  |  |  |  |
| Energy | 1.0 | 1.9 | -0.8 |  |  |  |  |  |
| Total Sector Exposure | 97.6 | 100.0 |  |  |  |  |  |  |
| Other Index / Unclassified | 0.0 | 0.0 |  |  |  |  |  |  |
| Total Equity Exposure | 97.6 | 100.0 |  |  |  |  |  |  |
| Geographic Exposure (% TNA) |  |  |  |  | Regional Exposure (% TNA) |  |  |  |
|  | Fund | Index | Relative |  |  | Fund | Index | Relative |
| China | 85.5 | 83.4 | 2.1 |  | Emerging Asia | 85.5 | 83.4 | 2.1 |
| Hong Kong | 12.1 | 16.6 | -4.5 |  | Asia Pacific (ex-Japan) | 12.1 | 16.6 | -4.5 |

|  | Total Regional Exposure | 97.6 | 100.0 |
| --- | --- | --- | --- |
| Total Geographic Exposure | 97.6 | 100.0 | Other Index / Unclassified | 0.0 | 0.0 |
| Other Index / Unclassified | 0.0 | 0.0 | Total Equity Exposure | 97.6 | 100.0 |
| Total Equity Exposure | 97.6 | 100.0 |  |  |  |
| Top Positions (% TNA) |  |  |  |  |  |
|  | GICS Sector | Geographic Location | Fund | Index | Relative |
| ALIBABA GROUP HOLDING LTD | Consumer Discretionary | China | 10.0 | 10.1 | -0.1 |
| TENCENT HLDGS LTD | Communication Services | China | 9.3 | 9.9 | -0.6 |
| AIA GROUP LTD | Financials | Hong Kong | 4.5 | 4.4 | 0.2 |
| INDUSTRIAL & COML BK CHINA | Financials | China | 3.6 | 1.3 | 2.3 |
| PING AN INS GROUP CO CHINA LTD | Financials | China | 3.4 | 2.5 | 1.0 |
| KWEICHOW MOUTAI CO LTD | Consumer Staples | China | 2.9 | 0.7 | 2.2 |
| CHINA MENGNIU DAIRY CO | Consumer Staples | China | 2.8 | 0.5 | 2.3 |
| MEITUAN DIANPING | Consumer Discretionary | China | 2.6 | 4.1 | -1.5 |
| CHINA MOBILE LTD | Communication Services | China | 2.4 | 1.5 | 0.9 |
| JD.COM INC | Consumer Discretionary | China | 2.3 | 2.4 | 0.0 |
| Top Overweight Positions (% TNA) | Top Underweight Positions (% TNA) |
|  | Fund | Index | Relative |  |  | Fund | Index | Relative |
| INDUSTRIAL & COML BK CHINA | 3.6 | 1.3 | 2.3 |  | MEITUAN DIANPING | 2.6 | 4.1 | -1.5 |
| CHINA MENGNIU DAIRY CO | 2.8 | 0.5 | 2.3 |  | BANK OF CHINA LTD | 0.0 | 1.0 | -1.0 |
| KWEICHOW MOUTAI CO LTD | 2.9 | 0.7 | 2.2 |  | CHINA MERCHANTS BANK CO LTD | 0.0 | 0.9 | -0.9 |
| ESTUN AUTOMATION CO LTD | 1.5 | 0.0 | 1.5 |  | XIAOMI CORP | 0.3 | 1.1 | -0.8 |
| INNOVENT BIOLGICS INC | 1.6 | 0.2 | 1.4 |  | PINDUODUO INC | 0.0 | 0.8 | -0.8 |
| CHINA RESOURCES BEER (HOLDINGS) | 1.6 | 0.3 | 1.2 |  | TENCENT HLDGS LTD | 9.3 | 9.9 | -0.6 |
| WUXI APPTEC CO LTD | 1.4 | 0.2 | 1.2 |  | CK HUTCHISON HOLDINGS LTD | 0.0 | 0.6 | -0.6 |
| ANHUI CONCH CEMENT CO LTD | 1.5 | 0.4 | 1.2 |  | SUN HUNG KAI PROPERTIES LTD | 0.0 | 0.6 | -0.6 |
| HANSOH PHARMACETICAL GROUP | 1.2 | 0.1 | 1.1 |  | TECHTRONIC INDUSTRIES CO LTD | 0.0 | 0.6 | -0.6 |
| CHINA RES LD LTD | 1.7 | 0.5 | 1.1 |  | NIO INC | 0.0 | 0.6 | -0.6 |
| Positions Concentration (% TNA) |
|  | Fund | Index |  |
| Top 10 | 43.8 | 40.8 |  |
| Top 20 | 60.2 | 50.3 |  |
| Top 50 | 88.1 | 65.2 |  |
| Definition of terms: |  |  |  |  |  |  |  |  |  |

Index: the index used in the positioning tables on this page is the index defined in the Performance Comparator(s) section on page 2 of this factsheet.
Top Positions: those companies in which the largest percentages of the fund’s total net assets are effectively invested. Positions in other funds - including ETFs (Exchange Traded Funds) - can appear in this table, but index derivatives form part of an "Other Index / Unclassified" category which will not appear.
Top Overweight & Underweight Positions: those positions which have the largest active weight relative to the index. Positions in other funds - including ETFs (Exchange Traded Funds) - can appear in this table, but index derivatives form part of an "Other Index / Unclassified" category which will not appear.
Positions Concentration: illustrates the weight of the top 10, 20 and 50 positions in the fund and the weight of the top 10, 20 and 50 positions in the index. It does not attempt to show the coincidence of security ownership between fund and index.
The sector/industry classification used (ie GICS, ICB, TOPIX or IPD) varies by fund. Full descriptions of GICS, ICB, TOPIX and IPD can be found in the glossary.

Translation (ENDE, 2020-08-31):
# Beitrag/Sektor bzw. Branche (%)	1 Monat	Geografische Beitrag (%)	1 Monat
BEITRÄGE ZUR RELATIVEN RENDITE	BEITRÄGE ZUR RELATIVEN RENDITE
| SEKTOR GICS | Ø relative Gewich- tung | Wertpapier- auswahl | Sektoren-/ Branchen- auswahl | Summe relativer Beitrag |  | Ø relative Gewich- tung | Wertpapier- auswahl | Geografisch e Auswahl | Summe relativer Beitrag |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Industrie | -1,0 | -0,03 | 0,38 | 0,35 | Hongkong | -4,9 | 0,09 | -0,12 | -0,03 |
| Gesundheit | 2,8 | 0,13 | 0,02 | 0,15 | China | 2,4 | -0,03 | 0,00 | -0,03 |
| Versorger | -2,0 | -0,02 | 0,13 | 0,12 |  |
| Immobilien | -2,7 | 0,00 | 0,07 | 0,08 |
| Kommunikationsdienste | 0,6 | 0,02 | 0,01 | 0,03 |
| Energie | -0,4 | -0,02 | -0,01 | -0,02 |
| Informationstechnologie | -1,5 | 0,22 | -0,25 | -0,03 |
| Finanzunternehmen | -1,8 | -0,24 | 0,20 | -0,05 |
| Roh- und Werkstoffe | 0,3 | -0,01 | -0,06 | -0,08 |
| Verbrauchsgüter | -3,9 | 0,06 | -0,19 | -0,13 |
| Grundbedarfsgüter | 7,1 | -0,33 | -0,14 | -0,47 |

Summe primäre Vermögenswerte
-2,5
0,06
-0,12
-0,06
| Summe primäre Vermögenswerte | -2,5 | -0,22 | 0,16 | -0,06 | Sonstige* | 2,5 | -0,31 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sonstige* | 2,5 |  |  | -0,31 | SUMME | 0,0 | -0,36 |
| SUMME | 0,0 |  |  | -0,36 |  |  |  |

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