# DWS Invest Top Asia
DWS INVEST TOP ASIA

### Performance of share classes vs. benchmark (in euro)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU0145648290 | -5.7% |
| Class FC | LU0145649181 | -5.3% |
| Class LD | LU0145648456 | -5.7% |
| Class NC | LU0145648886 | -6.0% |
| Class TFC | LU1663946868 | -5.3% |
| Class TFD | LU1663948211 | -5.3% |
| Class GBP D RD 1 | LU0399358562 | 1.2% |
| Class USD FC 2 | LU0273174648 | -5.3% |
| Class USD LC 2 | LU0273161231 | -5.6% |
| Class USD TFC 2 | LU1663949888 | -5.3% |


##### MSCI AC Asia ex Japan since August 15, 2018

##### (previously: 50% MSCI AC Far East,	-5.3% 50% MSCI AC Far East ex Japan)
1 
in GBP
2 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2020
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest Top Asia
| Statement of net assets as of June 30, 2020 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 61 264 400.14 | 23.26 |
| Telecommunication Services | 64 230 722.64 | 24.41 |
| Consumer Discretionaries | 17 082 084.29 | 6.48 |
| Energy | 6 883 546.11 | 2.60 |
| Consumer Staples | 16 901 744.93 | 6.42 |
| Financials | 63 795 674.99 | 24.23 |
| Basic Materials | 6 402 290.44 | 2.44 |
| Industrials | 13 811 522.08 | 5.25 |
| Other | 2 488 686.71 | 0.95 |
| Total equities | 252 860 672.33 | 96.04 |
| 2. Cash at bank | 8 844 706.41 | 3.35 |
| 3. Other assets | 13 519 205.55 | 5.14 |
| 4. Receivables from share certificate transactions | 175 279.76 | 0.07 |
| II. Liabilities |  |  |
| 1. Other liabilities | -4 619 277.36 | - 1.75 |
| 2. Liabilities from share certificate transactions | -7 506 335.81 | - 2.85 |
| III. Net assets | 263 274 250.88 | 100.00 |
| Negligible rounding errors may have arisen due to the rounding of calculated percentages. |  |  |

| Investment portfolio – June 30, 2020 |  |
| --- | --- |
|  | 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 |  |  |  |  |  |  | 249 579 237.91 | 94.80 |
| Equities AIA Group Ltd .....................................  | Count | 1 088 375 |  | 411 400 | HKD | 72.3 | 9 059 139.84 | 3.44 |
| AK Medical Holdings Ltd.............................  | Count | 314 000 | 314 000 |  | HKD | 24.65 | 891 079.97 | 0.34 |
| Akeso, Inc.........................................  | Count | 2 746 | 2 746 |  | HKD | 37.1 | 11 728.56 | 0.00 |
| Alibaba Group Holding Ltd ...........................  | Count | 68 900 |  | 2 500 | HKD | 209.6 | 1 662 572.56 | 0.63 |
| Alibaba Health Information Technology Ltd ..............  | Count | 524 000 | 524 000 |  | HKD | 22.6 | 1 363 357.76 | 0.52 |
| Anhui Conch Cement Co., Ltd ........................  | Count | 343 500 |  | 12 000 | HKD | 52.2 | 2 064 274.05 | 0.78 |
| China Construction Bank Corp. ........................  | Count | 8 872 000 |  | 2 676 000 | HKD | 6.27 | 6 404 115.89 | 2.43 |
| China Life Insurance Co., Ltd .........................  | Count | 740 000 |  | 812 000 | HKD | 15.6 | 1 329 004.42 | 0.51 |
| China Mobile Ltd ...................................  | Count | 593 000 | 184 000 | 14 500 | HKD | 52.3 | 3 570 479.06 | 1.36 |
| China Overseas Land & Investment Ltd .................  | Count | 1 329 346 |  | 646 000 | HKD | 23.45 | 3 588 814.32 | 1.36 |
| China Shenhua Energy Co., Ltd .......................  | Count | 1 195 000 |  | 42 500 | HKD | 12.12 | 1 667 403.21 | 0.63 |
| CK Hutchison Holdings Ltd ...........................  | Count | 434 081 |  | 15 500 | HKD | 49.8 | 2 488 686.71 | 0.95 |
| CNOOC Ltd .......................................  | Count | 2 001 000 |  | 71 000 | HKD | 8.62 | 1 985 749.51 | 0.75 |
| Galaxy Entertainment Group Ltd.......................  | Count | 495 000 |  | 18 000 | HKD | 52.75 | 3 006 060.88 | 1.14 |
| Hong Kong Exchanges and Clearing Ltd.................  | Count | 66 000 | 66 000 |  | HKD | 330 | 2 507 425.19 | 0.95 |
| Huatai Securities Co., Ltd ............................  | Count | 1 796 800 | 1 796 800 |  | HKD | 12.34 | 2 552 613.18 | 0.97 |
| Industrial & Commercial Bank of China Ltd ..............  | Count | 7 126 000 |  | 3 315 000 | HKD | 4.7 | 3 855 793.66 | 1.47 |
| Innovent Biologics, Inc. ..............................  | Count | 279 000 | 279 000 |  | HKD | 57.5 | 1 846 894.79 | 0.70 |
| Link REIT .........................................  | Count | 175 500 |  | 6 500 | HKD | 63.35 | 1 279 952.49 | 0.49 |
| Pharmaron Beijing Co., Ltd ...........................  | Count | 173 200 | 173 200 |  | HKD | 80 | 1 595 173.71 | 0.61 |
| Ping An Insurance Group Co. of China Ltd ...............  | Count | 373 000 |  | 197 500 | HKD | 77.5 | 3 327 979.50 | 1.26 |
| Shimao Property Holdings Ltd ........................  | Count | 357 500 | 357 500 | 900 000 | HKD | 32.8 | 1 349 957.20 | 0.51 |
| Tencent Holdings Ltd ...............................  | Count | 463 066 |  | 97 100 | HKD | 498.6 | 26 580 630.45 | 10.10 |
| Topsports International Holdings Ltd ...................  | Count | 1 369 000 |  | 49 000 | HKD | 9.9 | 1 560 302.31 | 0.59 |
| Wuxi Biologics Cayman, Inc...........................  | Count | 140 500 | 140 500 |  | HKD | 141.8 | 2 293 626.32 | 0.87 |
| Bank Central Asia Tbk PT ............................  | Count | 1 091 400 | 337 000 | 1 611 800 | IDR | 28 475 | 1 941 148.95 | 0.74 |
| Semen Indonesia Persero Tbk PT ......................  | Count | 805 000 | 805 000 |  | IDR | 9 625 | 483 958.14 | 0.18 |
| Telekomunikasi Indonesia Persero Tbk PT ...............  | Count | 10 577 400 | 3 572 900 | 249 200 | IDR | 3 050 | 2 015 069.12 | 0.77 |
| Asian Paints Ltd....................................  | Count | 64 725 | 64 725 |  | INR | 1 687 | 1 290 357.48 | 0.49 |
| Bharti Airtel Ltd ....................................  | Count | 110 000 | 110 000 |  | INR | 560.25 | 728 278.44 | 0.28 |
| Dr Reddy‘s Laboratories Ltd ..........................  | Count | 15 000 | 15 000 |  | INR | 3 950.25 | 700 226.82 | 0.27 |
| HDFC Standard Life Insurance Co., Ltd .................  | Count | 463 993 |  | 16 506 | INR | 550.1 | 3 016 310.01 | 1.15 |
| Hindustan Unilever Ltd ..............................  | Count | 29 000 | 29 000 |  | INR | 2 177 | 746 069.57 | 0.28 |
| ITC Ltd ..........................................  | Count | 859 427 |  | 30 573 | INR | 195.25 | 1 983 001.02 | 0.75 |
| Kotak Mahindra Bank Ltd ............................  | Count | 163 933 |  | 119 067 | INR | 1 352.3 | 2 619 765.01 | 1.00 |
| Larsen & Toubro Ltd ................................  | Count | 183 640 |  | 6 533 | INR | 945 | 2 050 793.79 | 0.78 |
| Maruti Suzuki India Ltd ..............................  | Count | 26 073 |  | 927 | INR | 5 830 | 1 796 314.86 | 0.68 |
| Tata Steel Ltd .....................................  | Count | 510 003 |  | 18 143 | INR | 327.25 | 1 972 310.51 | 0.75 |
| Tata Steel Ltd .....................................  | Count | 35 172 |  | 1 251 | INR | 33 | 13 716.20 | 0.01 |
| UltraTech Cement Ltd ...............................  | Count | 36 096 |  | 1 284 | INR | 3 890.4 | 1 659 496.10 | 0.63 |
| BGF retail Co., Ltd..................................  | Count | 11 051 | 11 051 |  | KRW | 139 000 | 1 139 452.78 | 0.43 |
| Duk San Neolux Co., Ltd .............................  | Count | 59 004 | 59 004 |  | KRW | 33 750 | 1 477 186.00 | 0.56 |
| Fila Korea Ltd......................................  | Count | 50 711 | 50 711 |  | KRW | 35 100 | 1 320 350.53 | 0.50 |
| Hyundai Motor Co. .................................  | Count | 28 275 |  | 1 006 | KRW | 97 700 | 2 049 165.94 | 0.78 |
| LG Chem Ltd ......................................  | Count | 6 589 |  | 912 | KRW | 490 500 | 2 397 388.79 | 0.91 |
| Samsung Electro-Mechanics Co., Ltd ...................  | Count | 23 835 |  | 848 | KRW | 129 000 | 2 280 787.47 | 0.87 |
| Samsung Electronics Co., Ltd .........................  | Count | 478 207 |  | 87 173 | KRW | 52 800 | 18 729 656.09 | 7.11 |
| Samsung Fire & Marine Insurance Co., Ltd ..............  | Count | 4 622 |  | 1 785 | KRW | 176 000 | 603 423.97 | 0.23 |
| Samsung Life Insurance Co., Ltd ......................  | Count | 26 445 |  | 20 091 | KRW | 44 700 | 876 861.59 | 0.33 |
| Shinsegae Co., Ltd .................................  | Count | 6 067 |  | 216 | KRW | 220 500 | 992 344.67 | 0.38 |
| SK Hynix, Inc. .....................................  | Count | 60 961 | 23 373 | 1 337 | KRW | 85 100 | 3 848 235.08 | 1.46 |
| SK Materials Co., Ltd ...............................  | Count | 11 140 | 11 140 |  | KRW | 200 000 | 1 652 704.23 | 0.63 |
| SK Telecom Co., Ltd ................................  | Count | 6 933 |  | 247 | KRW | 211 000 | 1 085 134.59 | 0.41 |
| Malayan Banking Bhd ...............................  | Count | 1 403 600 |  | 397 000 | MYR | 7.51 | 2 194 946.27 | 0.83 |
| Ayala Land, Inc. ....................................  | Count | 2 071 600 |  | 73 700 | PHP | 33.8 | 1 253 911.02 | 0.48 |
| Ascendas Real Estate Investment Trust .................  | Count | 1 362 200 | 1 362 200 |  | SGD | 3.17 | 2 759 585.97 | 1.05 |
| CapitaLand Ltd ....................................  | Count | 666 100 |  | 1 438 600 | SGD | 2.92 | 1 242 985.54 | 0.47 |
| DBS Group Holdings Ltd .............................  | Count | 76 700 |  | 144 700 | SGD | 20.8 | 1 019 535.82 | 0.39 |
| Frasers Centrepoint Trust ............................  | Count | 1 512 800 |  | 53 800 | SGD | 2.31 | 2 233 249.71 | 0.85 |
| Venture Corp., Ltd ..................................  | Count | 111 100 |  | 4 000 | SGD | 16.18 | 1 148 778.68 | 0.44 |
| Bangkok Bank PCL .................................  | Count | 471 100 |  | 16 800 | THB | 107 | 1 455 205.84 | 0.55 |
| Central Pattana PCL ................................  | Count | 700 400 |  | 220 100 | THB | 48.75 | 985 708.05 | 0.37 |
| CP ALL PCL.......................................  | Count | 658 600 |  | 149 400 | THB | 67.75 | 1 288 126.67 | 0.49 |
| PTT Exploration & Production PCL .....................  | Count | 252 200 |  | 155 400 | THB | 91.75 | 668 003.44 | 0.25 |
| Formosa Plastics Corp. ..............................  | Count | 275 000 |  | 956 000 | TWD | 87.6 | 728 517.46 | 0.28 |
| Fubon Financial Holding Co., Ltd.......................  | Count | 404 000 |  | 2 294 000 | TWD | 43.9 | 536 350.94 | 0.20 |
| Inventec Corp. .....................................  | Count | 867 000 |  | 3 027 000 | TWD | 25.1 | 658 106.20 | 0.25 |
| Largan Precision Co., Ltd ............................  | Count | 20 000 | 20 000 |  | TWD | 4 085 | 2 470 729.62 | 0.94 |
| Taiwan Semiconductor Manufacturing Co., Ltd ...........  | Count | 2 520 000 |  | 90 000 | TWD | 313 | 23 853 276.54 | 9.06 |
| Vanguard International Semiconductor Corp. .............  | Count | 2 656 000 |  | 94 000 | TWD | 77.8 | 6 249 004.43 | 2.37 |
| Alibaba Group Holding Ltd -ADR- ......................  | Count | 109 585 | 3 801 | 16 267 | USD | 215.99 | 21 119 137.64 | 8.02 |

| DWS Invest Top Asia |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 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 |
| GDS Holdings Ltd -ADR- .............................  | Count | 24 415 | 24 415 |  | USD | 81.06 | 1 765 853.83 | 0.67 |
| HDFC Bank Ltd -ADR- ...............................  | Count | 29 924 |  | 8 076 | USD | 45.21 | 1 207 106.47 | 0.46 |
| ICICI Bank Ltd -ADR-................................  | Count | 159 646 |  | 29 727 | USD | 9.22 | 1 313 349.72 | 0.50 |
| JD.com, Inc. -ADR- .................................  | Count | 106 131 | 35 766 | 37 278 | USD | 60.23 | 5 703 566.95 | 2.17 |
| NetEase, Inc. -ADR-.................................  | Count | 16 554 | 6 828 | 346 | USD | 436.61 | 6 448 935.80 | 2.45 |
| New Oriental Education & Technology Group, Inc. -ADR- ...  | Count | 27 917 |  | 21 823 | USD | 133.51 | 3 325 630.29 | 1.26 |
| Reliance Industries Ltd -GDR- .........................  | Count | 62 703 | 62 703 |  | USD | 45.8 | 2 562 389.95 | 0.97 |
| TAL Education Group -ADR- ..........................  | Count | 60 272 |  | 88 195 | USD | 68.59 | 3 688 653.24 | 1.40 |
| Yum China Holdings, Inc. ............................  | Count | 55 029 |  | 32 394 | USD | 48.6 | 2 386 268.53 | 0.91 |
| Unlisted securities |  |  |  |  |  |  | 3 281 434.42 | 1.24 |
| Equities Shimao Group Holdings Ltd ..........................  | Count | 869 000 | 869 000 |  | HKD | 32.8 | 3 281 434.42 | 1.24 |
| Total securities portfolio |  |  |  |  |  |  | 252 860 672.33 | 96.04 |
| Cash at bank |  |  |  |  |  |  | 8 844 706.41 | 3.36 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  |  |  |  | 5 215 653.52 | 1.97 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 64 292 |  |  |  |  | 70 559.11 | 0.03 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 647 |  |  |  |  | 396.55 | 0.00 |
| Hong Kong dollar ..................................  | HKD | 5 271 031 |  |  |  |  | 606 828.14 | 0.23 |
| Indian rupee.......................................  | INR | 25 637 428 |  |  |  |  | 302 968.42 | 0.12 |
| Indonesian rupiah ..................................  | IDR | 662 562 504 |  |  |  |  | 41 384.53 | 0.02 |
| Japanese yen .....................................  | JPY | 16 018 379 |  |  |  |  | 132 700.98 | 0.05 |
| Malaysian ringgit ...................................  | MYR | 375 461 |  |  |  |  | 78 181.67 | 0.03 |
| New Taiwan dollar..................................  | TWD | 38 138 644 |  |  |  |  | 1 153 369.37 | 0.44 |
| Philippine peso ....................................  | PHP | 8 502 306 |  |  |  |  | 152 258.26 | 0.06 |
| Singapore dollar ...................................  | SGD | 376 694 |  |  |  |  | 240 731.03 | 0.09 |
| South Korean won..................................  | KRW | 9 270 445 |  |  |  |  | 6 876.71 | 0.00 |
| Thai baht .........................................  | THB | 21 260 676 |  |  |  |  | 613 768.52 | 0.23 |
| U.S. dollar ........................................  | USD | 256 685 |  |  |  |  | 229 029.60 | 0.09 |
| Other assets |  |  |  |  |  |  | 13 519 205.55 | 5.14 |
| Dividends/Distributions receivable .....................  |  |  |  |  |  |  | 1 009 041.41 | 0.38 |
| Other receivables ..................................  |  |  |  |  |  |  | 12 510 164.14 | 4.76 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 175 279.76 | 0.07 |
| Total assets |  |  |  |  |  |  | 275 399 864.05 | 104.61 |
| Other liabilities |  |  |  |  |  |  | -4 619 277.36 | -1.75 |
| Additional other liabilities.............................  |  |  |  |  |  |  | -4 619 277.36 | -1.75 |
| Liabilities from share certificate transactions |  |  |  |  |  |  | -7 506 335.81 | -2.85 |
| Total liabilities |  |  |  |  |  |  | -12 125 613.17 | -4.61 |
| Net assets |  |  |  |  |  |  | 263 274 250.88 | 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 | 340.44 |
| Class LC .........................................  | EUR | 293.93 |
| Class LD .........................................  | EUR | 270.73 |
| Class NC .........................................  | EUR | 258.96 |
| Class TFC ........................................  | EUR | 105.43 |
| Class TFD ........................................  | EUR | 102.01 |
| Class GBP D RD ...................................  | GBP | 247.07 |
| Class USD FC .....................................  | USD | 177.05 |
| Class USD LC .....................................  | USD | 163.29 |
| Class USD TFC ....................................  | USD | 99.90 |
| Number of shares outstanding Class FC .........................................  | Count | 64 187.280 |
| Class LC .........................................  | Count | 422 816.094 |
| Class LD .........................................  | Count | 297 882.970 |
| Class NC .........................................  | Count | 127 380.429 |
| Class TFC ........................................  | Count | 347.000 |
| Class TFD ........................................  | Count | 32.000 |
| Class GBP D RD ...................................  | Count | 496.880 |
| Class USD FC .....................................  | Count | 355.000 |
| Class USD LC .....................................  | Count | 22 492.549 |
| Class USD TFC ....................................  | Count | 24.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI AC Asia ex Japan Net Index in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 89.055 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 100.504 |
| Average market risk exposure ........................  | % | 96.328 |

The values-at-risk were calculated for the period from January 1, 2020, through June 30, 2020, 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 EUR 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2020
| Australian dollar ................. . | AUD | 1.632080 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| British pound .................. . | GBP | 0.911178 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.686201 | = | EUR | 1 |
| Indonesian rupiah ............... . | IDR | 16 009.907426 | = | EUR | 1 |
| Indian rupee.................... . | INR | 84.620794 | = | EUR | 1 |
| Japanese yen .................. . | JPY | 120.710331 | = | EUR | 1 |
| South Korean won............... . | KRW | 1 348.093605 | = | EUR | 1 |
| Malaysian ringgit ................ . | MYR | 4.802412 | = | EUR | 1 |
| Philippine peso ................. . | PHP | 55.841347 | = | EUR | 1 |
| Singapore dollar ................ . | SGD | 1.564791 | = | EUR | 1 |
| Thai baht ...................... . | THB | 34.639567 | = | EUR | 1 |
| New Taiwan dollar............... . | TWD | 33.067155 | = | EUR | 1 |
| U.S. dollar ..................... . | USD | 1.120750 | = | 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 not valued at derived market values.

Translation (ENDE, 2020-06-30):
# DWS Invest Top Asia
DWS INVEST TOP ASIA

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU0145648290 | -5,7% |
| Klasse FC | LU0145649181 | -5,3% |
| Klasse LD | LU0145648456 | -5,7% |
| Klasse NC | LU0145648886 | -6,0% |
| Klasse TFC | LU1663946868 | -5,3% |
| Klasse TFD | LU1663948211 | -5,3% |
| Klasse GBP D RD 1) | LU0399358562 | 1,2% |
| Klasse USD FC 2) | LU0273174648 | -5,3% |
| Klasse USD LC 2) | LU0273161231 | -5,6% |
| Klasse USD TFC 2) | LU1663949888 | -5,3% |


##### MSCI AC Asia ex Japan seit dem 15.8.2018

##### (vorher: 50% MSCI AC Far East,	-5,3% 50% MSCI AC Far East ex Japan)
1) 
in GBP
2) 
in USD
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2020
DWS Invest Top Asia
| Vermögensübersicht zum 30.6.2020 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 61 264 400,14 | 23,26 |
| Telekommunikationsdienste | 64 230 722,64 | 24,41 |
| Dauerhafte Konsumgüter | 17 082 084,29 | 6,48 |
| Energie | 6 883 546,11 | 2,60 |
| Hauptverbrauchsgüter | 16 901 744,93 | 6,42 |
| Finanzsektor | 63 795 674,99 | 24,23 |
| Grundstoffe | 6 402 290,44 | 2,44 |
| Industrien | 13 811 522,08 | 5,25 |
| Sonstige | 2 488 686,71 | 0,95 |
| Summe Aktien | 252 860 672,33 | 96,04 |
| 2. Bankguthaben | 8 844 706,41 | 3,35 |
| 3. Sonstige Vermögensgegenstände | 13 519 205,55 | 5,14 |
| 4. Forderungen aus Anteilscheingeschäften | 175 279,76 | 0,07 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -4 619 277,36 | - 1,75 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -7 506 335,81 | - 2,85 |
| III. Fondsvermögen | 263 274 250,88 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2020 |  |
| --- | --- |
|  | 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 |  |  |  |  |  |  | 249 579 237,91 | 94,80 |
| Aktien AIA Group Ltd ....................................  | Stück | 1 088 375 |  | 411 400 | HKD | 72,3 | 9 059 139,84 | 3,44 |
| AK Medical Holdings Ltd ............................  | Stück | 314 000 | 314 000 |  | HKD | 24,65 | 891 079,97 | 0,34 |
| Akeso, Inc.  ......................................  | Stück | 2 746 | 2 746 |  | HKD | 37,1 | 11 728,56 | 0,00 |
| Alibaba Group Holding Ltd  ..........................  | Stück | 68 900 |  | 2 500 | HKD | 209,6 | 1 662 572,56 | 0,63 |
| Alibaba Health Information Technology Ltd ..............  | Stück | 524 000 | 524 000 |  | HKD | 22,6 | 1 363 357,76 | 0,52 |
| Anhui Conch Cement Co., Ltd ........................  | Stück | 343 500 |  | 12 000 | HKD | 52,2 | 2 064 274,05 | 0,78 |
| China Construction Bank Corp. .......................  | Stück | 8 872 000 |  | 2 676 000 | HKD | 6,27 | 6 404 115,89 | 2,43 |
| China Life Insurance Co., Ltd .........................  | Stück | 740 000 |  | 812 000 | HKD | 15,6 | 1 329 004,42 | 0,51 |
| China Mobile Ltd ..................................  | Stück | 593 000 | 184 000 | 14 500 | HKD | 52,3 | 3 570 479,06 | 1,36 |
| China Overseas Land & Investment Ltd ................  | Stück | 1 329 346 |  | 646 000 | HKD | 23,45 | 3 588 814,32 | 1,36 |
| China Shenhua Energy Co., Ltd .......................  | Stück | 1 195 000 |  | 42 500 | HKD | 12,12 | 1 667 403,21 | 0,63 |
| CK Hutchison Holdings Ltd ..........................  | Stück | 434 081 |  | 15 500 | HKD | 49,8 | 2 488 686,71 | 0,95 |
| CNOOC Ltd ......................................  | Stück | 2 001 000 |  | 71 000 | HKD | 8,62 | 1 985 749,51 | 0,75 |
| Galaxy Entertainment Group Ltd ......................  | Stück | 495 000 |  | 18 000 | HKD | 52,75 | 3 006 060,88 | 1,14 |
| Hong Kong Exchanges and Clearing Ltd ................  | Stück | 66 000 | 66 000 |  | HKD | 330 | 2 507 425,19 | 0,95 |
| Huatai Securities Co., Ltd ............................  | Stück | 1 796 800 | 1 796 800 |  | HKD | 12,34 | 2 552 613,18 | 0,97 |
| Industrial & Commercial Bank of China Ltd ..............  | Stück | 7 126 000 |  | 3 315 000 | HKD | 4,7 | 3 855 793,66 | 1,47 |
| Innovent Biologics, Inc. .............................  | Stück | 279 000 | 279 000 |  | HKD | 57,5 | 1 846 894,79 | 0,70 |
| Link REIT ........................................  | Stück | 175 500 |  | 6 500 | HKD | 63,35 | 1 279 952,49 | 0,49 |
| Pharmaron Beijing Co., Ltd ..........................  | Stück | 173 200 | 173 200 |  | HKD | 80 | 1 595 173,71 | 0,61 |
| Ping An Insurance Group Co. of China Ltd ..............  | Stück | 373 000 |  | 197 500 | HKD | 77,5 | 3 327 979,50 | 1,26 |
| Shimao Property Holdings Ltd ........................  | Stück | 357 500 | 357 500 | 900 000 | HKD | 32,8 | 1 349 957,20 | 0,51 |
| Tencent Holdings Ltd ...............................  | Stück | 463 066 |  | 97 100 | HKD | 498,6 | 26 580 630,45 | 10,10 |
| Topsports International Holdings Ltd ..................  | Stück | 1 369 000 |  | 49 000 | HKD | 9,9 | 1 560 302,31 | 0,59 |
| Wuxi Biologics Cayman, Inc. .........................  | Stück | 140 500 | 140 500 |  | HKD | 141,8 | 2 293 626,32 | 0,87 |
| Bank Central Asia Tbk PT ............................  | Stück | 1 091 400 | 337 000 | 1 611 800 | IDR | 28 475 | 1 941 148,95 | 0,74 |
| Semen Indonesia Persero Tbk PT .....................  | Stück | 805 000 | 805 000 |  | IDR | 9 625 | 483 958,14 | 0,18 |
| Telekomunikasi Indonesia Persero Tbk PT ..............  | Stück | 10 577 400 | 3 572 900 | 249 200 | IDR | 3 050 | 2 015 069,12 | 0,77 |
| Asian Paints Ltd  ..................................  | Stück | 64 725 | 64 725 |  | INR | 1 687 | 1 290 357,48 | 0,49 |
| Bharti Airtel Ltd ...................................  | Stück | 110 000 | 110 000 |  | INR | 560,25 | 728 278,44 | 0,28 |
| Dr Reddy‘s Laboratories Ltd .........................  | Stück | 15 000 | 15 000 |  | INR | 3 950,25 | 700 226,82 | 0,27 |
| HDFC Standard Life Insurance Co., Ltd ................  | Stück | 463 993 |  | 16 506 | INR | 550,1 | 3 016 310,01 | 1,15 |
| Hindustan Unilever Ltd .............................  | Stück | 29 000 | 29 000 |  | INR | 2 177 | 746 069,57 | 0,28 |
| ITC Ltd ..........................................  | Stück | 859 427 |  | 30 573 | INR | 195,25 | 1 983 001,02 | 0,75 |
| Kotak Mahindra Bank Ltd ............................  | Stück | 163 933 |  | 119 067 | INR | 1 352,3 | 2 619 765,01 | 1,00 |
| Larsen & Toubro Ltd ...............................  | Stück | 183 640 |  | 6 533 | INR | 945 | 2 050 793,79 | 0,78 |
| Maruti Suzuki India Ltd ..............................  | Stück | 26 073 |  | 927 | INR | 5 830 | 1 796 314,86 | 0,68 |
| Tata Steel Ltd ....................................  | Stück | 510 003 |  | 18 143 | INR | 327,25 | 1 972 310,51 | 0,75 |
| Tata Steel Ltd ....................................  | Stück | 35 172 |  | 1 251 | INR | 33 | 13 716,20 | 0,01 |
| UltraTech Cement Ltd ..............................  | Stück | 36 096 |  | 1 284 | INR | 3 890,4 | 1 659 496,10 | 0,63 |
| BGF retail Co., Ltd .................................  | Stück | 11 051 | 11 051 |  | KRW | 139 000 | 1 139 452,78 | 0,43 |
| Duk San Neolux Co., Ltd ............................  | Stück | 59 004 | 59 004 |  | KRW | 33 750 | 1 477 186,00 | 0,56 |
| Fila Korea Ltd  ....................................  | Stück | 50 711 | 50 711 |  | KRW | 35 100 | 1 320 350,53 | 0,50 |
| Hyundai Motor Co. .................................  | Stück | 28 275 |  | 1 006 | KRW | 97 700 | 2 049 165,94 | 0,78 |
| LG Chem Ltd .....................................  | Stück | 6 589 |  | 912 | KRW | 490 500 | 2 397 388,79 | 0,91 |
| Samsung Electro-Mechanics Co., Ltd ..................  | Stück | 23 835 |  | 848 | KRW | 129 000 | 2 280 787,47 | 0,87 |
| Samsung Electronics Co., Ltd ........................  | Stück | 478 207 |  | 87 173 | KRW | 52 800 | 18 729 656,09 | 7,11 |
| Samsung Fire & Marine Insurance Co., Ltd ..............  | Stück | 4 622 |  | 1 785 | KRW | 176 000 | 603 423,97 | 0,23 |
| Samsung Life Insurance Co., Ltd ......................  | Stück | 26 445 |  | 20 091 | KRW | 44 700 | 876 861,59 | 0,33 |
| Shinsegae Co., Ltd .................................  | Stück | 6 067 |  | 216 | KRW | 220 500 | 992 344,67 | 0,38 |
| SK Hynix, Inc. .....................................  | Stück | 60 961 | 23 373 | 1 337 | KRW | 85 100 | 3 848 235,08 | 1,46 |
| SK Materials Co., Ltd  ..............................  | Stück | 11 140 | 11 140 |  | KRW | 200 000 | 1 652 704,23 | 0,63 |
| SK Telecom Co., Ltd ...............................  | Stück | 6 933 |  | 247 | KRW | 211 000 | 1 085 134,59 | 0,41 |
| Malayan Banking Bhd ...............................  | Stück | 1 403 600 |  | 397 000 | MYR | 7,51 | 2 194 946,27 | 0,83 |
| Ayala Land, Inc. ...................................  | Stück | 2 071 600 |  | 73 700 | PHP | 33,8 | 1 253 911,02 | 0,48 |
| Ascendas Real Estate Investment Trust ................  | Stück | 1 362 200 | 1 362 200 |  | SGD | 3,17 | 2 759 585,97 | 1,05 |
| CapitaLand Ltd ....................................  | Stück | 666 100 |  | 1 438 600 | SGD | 2,92 | 1 242 985,54 | 0,47 |
| DBS Group Holdings Ltd ............................  | Stück | 76 700 |  | 144 700 | SGD | 20,8 | 1 019 535,82 | 0,39 |
| Frasers Centrepoint Trust ...........................  | Stück | 1 512 800 |  | 53 800 | SGD | 2,31 | 2 233 249,71 | 0,85 |
| Venture Corp., Ltd .................................  | Stück | 111 100 |  | 4 000 | SGD | 16,18 | 1 148 778,68 | 0,44 |
| Bangkok Bank PCL .................................  | Stück | 471 100 |  | 16 800 | THB | 107 | 1 455 205,84 | 0,55 |
| Central Pattana PCL  ...............................  | Stück | 700 400 |  | 220 100 | THB | 48,75 | 985 708,05 | 0,37 |
| CP ALL PCL ......................................  | Stück | 658 600 |  | 149 400 | THB | 67,75 | 1 288 126,67 | 0,49 |
| PTT Exploration & Production PCL .....................  | Stück | 252 200 |  | 155 400 | THB | 91,75 | 668 003,44 | 0,25 |
| Formosa Plastics Corp. .............................  | Stück | 275 000 |  | 956 000 | TWD | 87,6 | 728 517,46 | 0,28 |
| Fubon Financial Holding Co., Ltd ......................  | Stück | 404 000 |  | 2 294 000 | TWD | 43,9 | 536 350,94 | 0,20 |
| Inventec Corp. ....................................  | Stück | 867 000 |  | 3 027 000 | TWD | 25,1 | 658 106,20 | 0,25 |
| Largan Precision Co., Ltd ............................  | Stück | 20 000 | 20 000 |  | TWD | 4 085 | 2 470 729,62 | 0,94 |
| Taiwan Semiconductor Manufacturing Co., Ltd ...........  | Stück | 2 520 000 |  | 90 000 | TWD | 313 | 23 853 276,54 | 9,06 |
| Vanguard International Semiconductor Corp. ............  | Stück | 2 656 000 |  | 94 000 | TWD | 77,8 | 6 249 004,43 | 2,37 |
| Alibaba Group Holding Ltd -ADR- ......................  | Stück | 109 585 | 3 801 | 16 267 | USD | 215,99 | 21 119 137,64 | 8,02 |

| DWS Invest Top Asia |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| GDS Holdings Ltd -ADR- ............................  | Stück | 24 415 | 24 415 |  | USD | 81,06 | 1 765 853,83 | 0,67 |
| HDFC Bank Ltd -ADR- ..............................  | Stück | 29 924 |  | 8 076 | USD | 45,21 | 1 207 106,47 | 0,46 |
| ICICI Bank Ltd -ADR- ...............................  | Stück | 159 646 |  | 29 727 | USD | 9,22 | 1 313 349,72 | 0,50 |
| JD.com, Inc. -ADR- .................................  | Stück | 106 131 | 35 766 | 37 278 | USD | 60,23 | 5 703 566,95 | 2,17 |
| NetEase, Inc. -ADR- ................................  | Stück | 16 554 | 6 828 | 346 | USD | 436,61 | 6 448 935,80 | 2,45 |
| New Oriental Education & Technology Group, Inc. -ADR- ...  | Stück | 27 917 |  | 21 823 | USD | 133,51 | 3 325 630,29 | 1,26 |
| Reliance Industries Ltd -GDR- ........................  | Stück | 62 703 | 62 703 |  | USD | 45,8 | 2 562 389,95 | 0,97 |
| TAL Education Group -ADR- ..........................  | Stück | 60 272 |  | 88 195 | USD | 68,59 | 3 688 653,24 | 1,40 |
| Yum China Holdings, Inc. ............................  | Stück | 55 029 |  | 32 394 | USD | 48,6 | 2 386 268,53 | 0,91 |
| Nichtnotierte Wertpapiere |  |  |  |  |  |  | 3 281 434,42 | 1,24 |
| Aktien Shimao Group Holdings Ltd ..........................  | Stück | 869 000 | 869 000 |  | HKD | 32,8 | 3 281 434,42 | 1,24 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 252 860 672,33 | 96,04 |
| Bankguthaben |  |  |  |  |  |  | 8 844 706,41 | 3,36 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  |  |  |  | 5 215 653,52 | 1,97 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | 64 292 |  |  |  |  | 70 559,11 | 0,03 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 647 |  |  |  |  | 396,55 | 0,00 |
| Hongkong Dollar ...................................  | HKD | 5 271 031 |  |  |  |  | 606 828,14 | 0,23 |
| Indische Rupie ....................................  | INR | 25 637 428 |  |  |  |  | 302 968,42 | 0,12 |
| Indonesische Rupie ................................  | IDR | 662 562 504 |  |  |  |  | 41 384,53 | 0,02 |
| Japanischer Yen ...................................  | JPY | 16 018 379 |  |  |  |  | 132 700,98 | 0,05 |
| Malaysischer Ringgit ...............................  | MYR | 375 461 |  |  |  |  | 78 181,67 | 0,03 |
| Neue Taiwan Dollar ................................  | TWD | 38 138 644 |  |  |  |  | 1 153 369,37 | 0,44 |
| Philippinischer Peso ................................  | PHP | 8 502 306 |  |  |  |  | 152 258,26 | 0,06 |
| Singapur Dollar ....................................  | SGD | 376 694 |  |  |  |  | 240 731,03 | 0,09 |
| Südkoreanischer Won ..............................  | KRW | 9 270 445 |  |  |  |  | 6 876,71 | 0,00 |
| Thailändischer Baht ................................  | THB | 21 260 676 |  |  |  |  | 613 768,52 | 0,23 |
| US-Dollar ........................................  | USD | 256 685 |  |  |  |  | 229 029,60 | 0,09 |
| Sonstige Vermögensgegenstände |  |  |  |  |  |  | 13 519 205,55 | 5,14 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  |  |  |  | 1 009 041,41 | 0,38 |
| Sonstige Ansprüche ................................  |  |  |  |  |  |  | 12 510 164,14 | 4,76 |
| Forderungen aus Anteilscheingeschäften |  |  |  |  |  |  | 175 279,76 | 0,07 |
| Summe der Vermögensgegenstände |  |  |  |  |  |  | 275 399 864,05 | 104,61 |
| Sonstige Verbindlichkeiten |  |  |  |  |  |  | -4 619 277,36 | -1,75 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  |  |  |  | -4 619 277,36 | -1,75 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  |  |  |  | -7 506 335,81 | -2,85 |
| Summe der Verbindlichkeiten |  |  |  |  |  |  | -12 125 613,17 | -4,61 |
| Fondsvermögen |  |  |  |  |  |  | 263 274 250,88 | 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 | 340,44 |
| Klasse LC ........................................  | EUR | 293,93 |
| Klasse LD ........................................  | EUR | 270,73 |
| Klasse NC ........................................  | EUR | 258,96 |
| Klasse TFC .......................................  | EUR | 105,43 |
| Klasse TFD .......................................  | EUR | 102,01 |
| Klasse GBP D RD ..................................  | GBP | 247,07 |
| Klasse USD FC ....................................  | USD | 177,05 |
| Klasse USD LC ....................................  | USD | 163,29 |
| Klasse USD TFC ...................................  | USD | 99,90 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 64 187,280 |
| Klasse LC ........................................  | Stück | 422 816,094 |
| Klasse LD ........................................  | Stück | 297 882,970 |
| Klasse NC ........................................  | Stück | 127 380,429 |
| Klasse TFC .......................................  | Stück | 347,000 |
| Klasse TFD .......................................  | Stück | 32,000 |
| Klasse GBP D RD ..................................  | Stück | 496,880 |
| Klasse USD FC ....................................  | Stück | 355,000 |
| Klasse USD LC ....................................  | Stück | 22 492,549 |
| Klasse USD TFC ...................................  | Stück | 24,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI AC Asia ex Japan Net Index in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 89,055 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 100,504 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 96,328 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2020 bis 30.6.2020 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 zugrundeliegende 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 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2020
| Australischer Dollar ..............  | AUD | 1,632080 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Britisches Pfund .................  | GBP | 0,911178 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,686201 | = | EUR | 1 |
| Indonesische Rupie ..............  | IDR | 16 009,907426 | = | EUR | 1 |
| Indische Rupie ..................  | INR | 84,620794 | = | EUR | 1 |
| Japanischer Yen .................  | JPY | 120,710331 | = | EUR | 1 |
| Südkoreanischer Won ............  | KRW | 1 348,093605 | = | EUR | 1 |
| Malaysischer Ringgit .............  | MYR | 4,802412 | = | EUR | 1 |
| Philippinischer Peso ..............  | PHP | 55,841347 | = | EUR | 1 |
| Singapur Dollar ..................  | SGD | 1,564791 | = | EUR | 1 |
| Thailändischer Baht ..............  | THB | 34,639567 | = | EUR | 1 |
| Neue Taiwan Dollar ..............  | TWD | 33,067155 | = | EUR | 1 |
| US-Dollar ......................  | USD | 1,120750 | = | 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.