# Statement of assets as at 31/12/2019
| Name | ISIN |
| --- | --- |


### Quantity or		holding Currency	Rate	Market value		% Units or	31.12.2019			in EUR	of fund

### % of 1,000	assets *)
| 53,284,354.47 | 96.08 |
| --- | --- |

Portfolio positions	

### EUR
| 52,165,549.63 | 94.06 |
| --- | --- |


## Exchange-traded securities	EUR
| 52,165,549.63 | 94.06 |
| --- | --- |

Shares	

### EUR
| 1&1 Drillisch AG Inhaber-Aktien o.N. | DE0005545503 |
| --- | --- |
| Bauer AG (Schrobenhausen) Inhaber-Aktien o.N. | DE0005168108 |
| CECONOMY AG Inhaber-Stammaktien o.N. | DE0007257503 |
| Centrotec Sustainable AG Inhaber-Aktien o.N. | DE0005407506 |
| Commerzbank AG Inhaber-Aktien o.N. | DE000CBK1001 |
| Deutsche Lufthansa AG vink.Namens-Aktien o.N. | DE0008232125 |
| DEUTZ AG Inhaber-Aktien o.N. | DE0006305006 |
| ElringKlinger AG Namens-Aktien o.N. | DE0007856023 |
| elumeo SE Inhaber-Aktien o.N. | DE000A11Q059 |
| Heidelberger Druckmaschinen AG Inhaber-Aktien o.N. | DE0007314007 |
| HelloFresh SE Inhaber-Aktien o.N. | DE000A161408 |
| home24 SE Inhaber-Aktien o.N. | DE000A14KEB5 |
| HUGO BOSS AG Namens-Aktien o.N. | DE000A1PHFF7 |
| JOST Werke AG Inhaber-Aktien o.N. | DE000JST4000 |
| K+S AG | DE000KSAG888 |
| LEONI AG Namens-Aktien o.N. | DE0005408884 |
| NFON AG Inhaber-Aktien o.N. | DE000A0N4N52 |
| ProSiebenSat.1 Media SE Namens-Aktien o.N. | DE000PSM7770 |
| SAF HOLLAND S.A. Actions au Porteur EO-,01 | LU0307018795 |
| Schaeffler AG Inhaber-Vorzugsakt.o.St. o.N. | DE000SHA0159 |
| Singulus Technologies AG Inhaber-Aktien EO 1 | DE000A1681X5 |
| SÜSS MicroTec SE Namens-Aktien o.N. | DE000A1K0235 |
| TAKKT AG Inhaber-Aktien o.N. | DE0007446007 |
| technotrans SE Namens-Aktien o.N. | DE000A0XYGA7 |
| TUI AG Namens-Aktien o.N. | DE000TUAG000 |
| Vapiano SE Inhaber-Aktien o.N. | DE000A0WMNK9 |
| Wirecard AG Inhaber-Aktien o.N. | DE0007472060 |

| QTY | 60,000 | EUR | 22.880 | 1,372,800.00 | 2.48 |
| --- | --- | --- | --- | --- | --- |
| QTY | 40,000 | EUR | 15.100 | 604,000.00 | 1.09 |
| QTY | 800,000 | EUR | 5.406 | 4,324,800.00 | 7.80 |
| QTY | 54,088 | EUR | 16.460 | 890,288.48 | 1.61 |
| QTY | 410,000 | EUR | 5.517 | 2,261,970.00 | 4.08 |
| QTY | 151,000 | EUR | 16.410 | 2,477,910.00 | 4.47 |
| QTY | 70,000 | EUR | 5.570 | 389,900.00 | 0.70 |
| QTY | 275,000 | EUR | 8.160 | 2,244,000.00 | 4.05 |
| QTY | 175,000 | EUR | 1.520 | 266,000.00 | 0.48 |
| QTY | 4,250,000 | EUR | 1.150 | 4,887,500.00 | 8.81 |
| QTY | 280,000 | EUR | 18.660 | 5,224,800.00 | 9.42 |
| QTY | 150,000 | EUR | 4.883 | 732,450.00 | 1.32 |
| QTY | 15,000 | EUR | 43.260 | 648,900.00 | 1.17 |
| QTY | 65,000 | EUR | 37.300 | 2,424,500.00 | 4.37 |
| QTY | 200,000 | EUR | 11.115 | 2,223,000.00 | 4.01 |
| QTY | 100,000 | EUR | 10.345 | 1,034,500.00 | 1.87 |
| QTY | 80,000 | EUR | 9.700 | 776,000.00 | 1.40 |
| QTY | 100,000 | EUR | 13.910 | 1,391,000.00 | 2.51 |
| QTY | 350,000 | EUR | 7.400 | 2,590,000.00 | 4.67 |
| QTY | 370,000 | EUR | 9.628 | 3,562,360.00 | 6.42 |
| QTY | 350,000 | EUR | 5.200 | 1,820,000.00 | 3.28 |
| QTY | 277,873 | EUR | 12.000 | 3,334,476.00 | 6.01 |
| QTY | 50,000 | EUR | 12.580 | 629,000.00 | 1.13 |
| QTY | 25,000 | EUR | 18.700 | 467,500.00 | 0.84 |
| QTY | 130,000 | EUR | 11.400 | 1,482,000.00 | 2.67 |
| QTY | 490,393 | EUR | 3.550 | 1,740,895.15 | 3.14 |
| QTY | 22,000 | EUR | 107.500 | 2,365,000.00 | 4.26 |

Translation (ENDE, 2019-12-31):
# Vermögensaufstellung zum 31.12.2019
| Gattungsbezeichnung | ISIN |
| --- | --- |

Stück bzw.		Bestand Währung	Kurs	Kurswert		% Anteile bzw.	31.12.2019			in EUR	des Fonds-
% in 1.000	vermögens *)
| 43.904.236,40 | 95,88 |
| --- | --- |

Bestandspositionen	
EUR
| 43.282.186,40 | 94,53 |
| --- | --- |


## Börsengehandelte Wertpapiere	EUR
| 43.282.186,40 | 94,53 |
| --- | --- |

Aktien	
EUR
| Bauer AG (Schrobenhausen) Inhaber-Aktien o.N. | DE0005168108 |
| --- | --- |
| Bayer AG Namens-Aktien o.N. | DE000BAY0017 |
| Bayerische Motoren Werke AG Stammaktien EO 1 | DE0005190003 |
| Commerzbank AG Inhaber-Aktien o.N. | DE000CBK1001 |
| Daimler AG Namens-Aktien o.N. | DE0007100000 |
| Deutsche Bank AG Namens-Aktien o.N. | DE0005140008 |
| Deutsche Lufthansa AG vink.Namens-Aktien o.N. | DE0008232125 |
| elumeo SE Inhaber-Aktien o.N. | DE000A11Q059 |
| Evonik Industries AG Namens-Aktien o.N. | DE000EVNK013 |
| freenet AG Namens-Aktien o.N. | DE000A0Z2ZZ5 |
| Fresenius SE & Co. KGaA Inhaber-Aktien o.N. | DE0005785604 |
| Heidelberger Druckmaschinen AG Inhaber-Aktien o.N. | DE0007314007 |
| HelloFresh SE Inhaber-Aktien o.N. | DE000A161408 |
| K+S AG | DE000KSAG888 |
| LEONI AG Namens-Aktien o.N. | DE0005408884 |
| Merck KGaA Inhaber-Aktien o.N. | DE0006599905 |
| NFON AG Inhaber-Aktien o.N. | DE000A0N4N52 |
| SAP SE Inhaber-Aktien o.N. | DE0007164600 |
| Schaeffler AG Inhaber-Vorzugsakt.o.St. o.N. | DE000SHA0159 |
| Sixt SE Inhaber-Vorzugsakt. o.St.o.N. | DE0007231334 |
| Talanx AG Namens-Aktien o.N. | DE000TLX1005 |
| TRATON SE Inhaber-Aktien o.N. | DE000TRAT0N7 |
| TUI AG Namens-Aktien o.N. | DE000TUAG000 |
| Volkswagen AG Vorzugsaktien o.St. o.N. | DE0007664039 |
| Wacker Chemie AG Inhaber-Aktien o.N. | DE000WCH8881 |
| Wacker Neuson SE Namens-Aktien o.N. | DE000WACK012 |

| STK | 40.000 | EUR | 15,100 | 604.000,00 | 1,32 |
| --- | --- | --- | --- | --- | --- |
| STK | 50.000 | EUR | 72,810 | 3.640.500,00 | 7,95 |
| STK | 30.000 | EUR | 73,140 | 2.194.200,00 | 4,79 |
| STK | 220.000 | EUR | 5,517 | 1.213.740,00 | 2,65 |
| STK | 21.000 | EUR | 49,370 | 1.036.770,00 | 2,26 |
| STK | 200.000 | EUR | 6,917 | 1.383.400,00 | 3,02 |
| STK | 130.000 | EUR | 16,410 | 2.133.300,00 | 4,66 |
| STK | 330.000 | EUR | 1,520 | 501.600,00 | 1,10 |
| STK | 16.000 | EUR | 27,210 | 435.360,00 | 0,95 |
| STK | 90.000 | EUR | 20,440 | 1.839.600,00 | 4,02 |
| STK | 50.000 | EUR | 50,180 | 2.509.000,00 | 5,48 |
| STK | 1.400.000 | EUR | 1,150 | 1.610.000,00 | 3,52 |
| STK | 215.000 | EUR | 18,660 | 4.011.900,00 | 8,76 |
| STK | 106.000 | EUR | 11,115 | 1.178.190,00 | 2,57 |
| STK | 83.820 | EUR | 10,345 | 867.117,90 | 1,89 |
| STK | 13.000 | EUR | 105,350 | 1.369.550,00 | 2,99 |
| STK | 30.000 | EUR | 9,700 | 291.000,00 | 0,64 |
| STK | 17.000 | EUR | 120,320 | 2.045.440,00 | 4,47 |
| STK | 91.000 | EUR | 9,628 | 876.148,00 | 1,91 |
| STK | 50.285 | EUR | 65,300 | 3.283.610,50 | 7,17 |
| STK | 30.000 | EUR | 44,180 | 1.325.400,00 | 2,89 |
| STK | 50.000 | EUR | 23,915 | 1.195.750,00 | 2,61 |
| STK | 160.000 | EUR | 11,400 | 1.824.000,00 | 3,98 |
| STK | 20.000 | EUR | 176,240 | 3.524.800,00 | 7,70 |
| STK | 29.000 | EUR | 67,640 | 1.961.560,00 | 4,28 |
| STK | 25.000 | EUR | 17,050 | 426.250,00 | 0,93 |