OVHaiLLM/Flipper huggingface dataset:
# Top Positions (% TNA)
GERMANY FEDERAL REPUBLIC OF 0% 08/15/2031 REGS UNITED KINGDOM G.B.&N.IRELAND 0% 05/03/2022 GERMANY FEDERAL REPUBLIC OF 0% 10/09/2026 REGS GREENCOAT UK WIND PLC
ROCHE HOLDING AG
MSSW IBA347000 12/20/26 UNILEVER PLC
SANOFI
GERMANY FEDERAL REPUBLIC OF 0% 02/15/2032 REGS BARC IRS .7968% 02/15/31
% TNA
1.9
1.7
1.7
1.3
0.9
0.9
0.8
0.8
0.8
0.7
Figures may not always sum to totals due to rounding

Translation (ENDE, 2022-02-28):
# Größte Positionen (% NIW Fonds)
## GERMANY FEDERAL REPUBLIC OF 0% 08/15/2031 REGS UNITED KINGDOM G.B.&N.IRELAND 0% 05/03/2022 GERMANY FEDERAL REPUBLIC OF 0% 10/09/2026 REGS GREENCOAT UK WIND PLC

## ROCHE HOLDING AG

## MSSW IBA347000 12/20/26 UNILEVER PLC

## SANOFI

## GERMANY FEDERAL REPUBLIC OF 0% 02/15/2032 REGS BARC IRS .7968% 02/15/31

## % NIW Fonds

## 1,9

## 1,7

## 1,7

## 1,3

## 0,9

## 0,9

## 0,8

## 0,8

## 0,8

## 0,7

## Die Summe der Einzelwerte ergibt aufgrund von Rundungen möglicherweise nicht immer die angegebene Gesamtsumme
## Top Positions (% TNA)
UST BILLS 0% 05/18/2023 UST BILLS 0% 06/08/2023 MICROSOFT CORP
ISHARES EDGE MSCI USA QUALITY FACTOR UCITS ETF APPLE INC
ALPHABET INC
LGT DYNAMIC PROTECTION UCITS SUB-FUNDB USD SPDR REFINITIV GLOBAL CONVERTIBLE BOND UCITS ETF UST NOTES 4% 10/31/2029
UST NOTES 3.875% 12/31/2027
% TNA
3.2
3.1
1.7
1.6
1.2
1.2
1.0
0.9
0.9
0.8
Figures may not always sum to totals due to rounding

Translation (ENDE, 2023-03-31):
# Größte Positionen (% NIW Fonds)
UST BILLS 0% 05/18/2023 UST BILLS 0% 06/08/2023 MICROSOFT CORP
ISHARES EDGE MSCI USA QUALITY FACTOR UCITS ETF APPLE INC
ALPHABET INC
LGT DYNAMIC PROTECTION UCITS SUB-FUNDB USD SPDR REFINITIV GLOBAL CONVERTIBLE BOND UCITS ETF UST NOTES 4% 10/31/2029
UST NOTES 3.875% 12/31/2027
% NIW Fonds
3,2
3,1
1,7
1,6
1,2
1,2
1,0
0,9
0,9
0,8
Die Summe der Einzelwerte ergibt aufgrund von Rundungen möglicherweise nicht immer die angegebene Gesamtsumme
## Top Positions (% TNA)
GERMANY FEDERAL REPUBLIC OF 0% 05/17/2023 REGS FRANCE REPUBLIC OF 0% 03/15/2023 REGS
FRANCE REPUBLIC OF 0% 03/08/2023 REGS
DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/03/2023 DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/01/2023 DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/02/2023 KBC BANK NV TD 2.43% 03/01/2023
LANDESBANK HESS-THURNGN(UNGTD) TD 2.4% 03/01/2023 LANDESBANK HESS-THURNGN(UNGTD) TD 2.4% 03/02/2023 KBC BANK NV TD 2.43% 03/02/2023
% TNA
27.4
9.2
9.1
4.9
4.9
4.9
4.9
4.9
4.9
4.9
Figures may not always sum to totals due to rounding

Translation (ENDE, 2023-02-28):
# Größte Positionen (% NIW Fonds)
GERMANY FEDERAL REPUBLIC OF 0% 05/17/2023 REGS FRANCE REPUBLIC OF 0% 03/15/2023 REGS
FRANCE REPUBLIC OF 0% 03/08/2023 REGS
DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/03/2023 DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/01/2023 DZ BANK AG DEUT ZENT GENOSBANK TD 2.35% 03/02/2023 KBC BANK NV TD 2.43% 03/01/2023
LANDESBANK HESS-THURNGN(UNGTD) TD 2.4% 03/01/2023 LANDESBANK HESS-THURNGN(UNGTD) TD 2.4% 03/02/2023 KBC BANK NV TD 2.43% 03/02/2023
% NIW Fonds
27,4
9,2
9,1
4,9
4,9
4,9
4,9
4,9
4,9
4,9
Die Summe der Einzelwerte ergibt aufgrund von Rundungen möglicherweise nicht immer die angegebene Gesamtsumme
# Performance for calendar years in USD (%)
Volatility & Risk

## Annualised Volatility: fund (%)	3.92

## Relative Volatility	1.09

## Sharpe Ratio: fund	1.07

## Sharpe Ratio: index	1.01

## Annualised Alpha	0.87

## Beta	0.94

## Annualised Tracking Error (%)	2.01

## Information Ratio	0.27

## R
2	

## 0.74
Fund	Index

Translation (ENDE, 2020-08-31):
# Performance für Kalenderjahre in USD (%)
Volatilität und Risiko
Annualisierte Volatilität: Fonds (%)
3,92
Annualisiertes Alpha	0,87
Relative Volatilität	1,09
Sharpe-Ratio: Fonds	1,07
Sharpe-Ratio: Index	1,01
Beta	0,94
Annualisierter Tracking Error (%)	2,01
Information-Ratio	0,27
R
2	
0,74

### Fonds	 Index
Kalkuliert mit Monatsenddaten. Definitionen dieser Begriffe finden Sie im Abschnitt "Glossar" des vorliegenden Dokuments.
|  | Long | Short | Net | Index | Relative |  |  | Long | Short | Net | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| United Kingdom | 35.2 | -4.1 | 31.1 | 22.5 | 8.6 |  | Europe (Eurozone) | 57.0 | -4.3 | 52.7 | 51.7 | 1.0 |
| Germany | 24.6 | 0.0 | 24.6 | 14.2 | 10.3 |  | UK | 35.2 | -4.1 | 31.1 | 22.5 | 8.6 |
| France | 14.8 | 0.0 | 14.8 | 17.6 | -2.8 |  | Europe (non-Eurozone/UK) | 22.7 | -6.4 | 16.4 | 25.8 | -9.4 |
| Netherlands | 9.6 | 0.0 | 9.6 | 7.6 | 2.0 |  |  |  |  |  |  |  |
| Switzerland | 9.5 | -2.6 | 6.9 | 14.9 | -8.0 |  |  |  |  |  |  |  |
| Denmark | 6.1 | -0.4 | 5.7 | 4.1 | 1.6 |  |  |  |  |  |  |  |
| Spain | 5.4 | -1.1 | 4.3 | 3.7 | 0.6 |  |  |  |  |  |  |  |
| Sweden | 7.1 | -3.4 | 3.7 | 5.8 | -2.0 |  |  |  |  |  |  |  |
| Italy | 2.6 | -0.8 | 1.8 | 3.8 | -2.0 |  |  |  |  |  |  |  |
| Ireland | 0.0 | 0.0 | 0.0 | 1.1 | -1.1 |  |  |  |  |  |  |  |
| Others | 0.0 | -2.4 | -2.4 | 4.7 | -7.1 |  | Total Regional Exposure | 114.9 | -14.8 | 100.2 | 100.0 |  |
| Total Geographic Exposure | 114.9 | -14.8 | 100.2 | 100.0 |  |  | Other Index / Unclassified | 0.0 | 0.0 | 0.0 | 0.0 |  |
| Other Index / Unclassified | 0.0 | 0.0 | 0.0 | 0.0 |  |  | Total Equity Exposure | 114.9 | -14.8 | 100.2 | 100.0 |  |
| Total Equity Exposure | 114.9 | -14.8 | 100.2 | 100.0 |  |  |  |  |  |  |  |  |

Translation (ENDE, 2021-09-30):
|  | Long | Short | Netto | Index | Relativ |  |  | Long | Short | Netto | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Großbritannien | 35,2 | -4,1 | 31,1 | 22,5 | 8,6 |  | Europa (Eurozone) | 57,0 | -4,3 | 52,7 | 51,7 | 1,0 |
| Deutschland | 24,6 | 0,0 | 24,6 | 14,2 | 10,3 |  | UK | 35,2 | -4,1 | 31,1 | 22,5 | 8,6 |
| Frankreich | 14,8 | 0,0 | 14,8 | 17,6 | -2,8 |  | Europa (nicht Eurozone/UK) | 22,7 | -6,4 | 16,4 | 25,8 | -9,4 |
| Niederlande | 9,6 | 0,0 | 9,6 | 7,6 | 2,0 |  |  |  |  |  |  |  |
| Schweiz | 9,5 | -2,6 | 6,9 | 14,9 | -8,0 |  |  |  |  |  |  |  |
| Dänemark | 6,1 | -0,4 | 5,7 | 4,1 | 1,6 |  |  |  |  |  |  |  |
| Spanien | 5,4 | -1,1 | 4,3 | 3,7 | 0,6 |  |  |  |  |  |  |  |
| Schweden | 7,1 | -3,4 | 3,7 | 5,8 | -2,0 |  |  |  |  |  |  |  |
| Italien | 2,6 | -0,8 | 1,8 | 3,8 | -2,0 |  |  |  |  |  |  |  |
| Irland | 0,0 | 0,0 | 0,0 | 1,1 | -1,1 |  |  |  |  |  |  |  |
| Sonstige | 0,0 | -2,4 | -2,4 | 4,7 | -7,1 |  | Summe regionales Engagement | 114,9 | -14,8 | 100,2 | 100,0 |  |
| Geografisches Gesamtengagement | 114,9 | -14,8 | 100,2 | 100,0 |  |  | Anderer Index / Nicht klassifiziert | 0,0 | 0,0 | 0,0 | 0,0 |  |
| Anderer Index / Nicht klassifiziert | 0,0 | 0,0 | 0,0 | 0,0 |  |  | Summe Aktienengagement | 114,9 | -14,8 | 100,2 | 100,0 |  |
| Summe Aktienengagement | 114,9 | -14,8 | 100,2 | 100,0 |  |  |  |  |  |  |  |  |
|  | GICS Sector | Geographic Location | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- |
| NOVO-NORDISK AS | Health Care | Denmark | 6.1 | 1.5 | 4.6 |
| SAP SE | Information Technology | Germany | 5.8 | 1.3 | 4.5 |
| INFINEON TECHNOLOGIES AG | Information Technology | Germany | 5.7 | 0.5 | 5.2 |
| PROSUS NV | Consumer Discretionary | Netherlands | 5.1 | 0.7 | 4.4 |
| RELX PLC | Industrials | United Kingdom | 4.8 | 0.5 | 4.3 |
| MERCK KGAA | Health Care | Germany | 3.8 | 0.3 | 3.6 |
| EXPERIAN PLC | Industrials | United Kingdom | 3.7 | 0.4 | 3.4 |
| SONOVA HLDG AG | Health Care | Switzerland | 3.4 | 0.2 | 3.2 |
| WORLDLINE SA | Information Technology | France | 3.3 | 0.2 | 3.2 |
| ROCHE HOLDING AG | Health Care | Switzerland | 3.3 | 2.5 | 0.8 |

Translation (ENDE, 2021-09-30):
|  | Sektor GICS | Geografische Lage | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- |
| NOVO-NORDISK AS | Gesundheit | Dänemark | 6,1 | 1,5 | 4,6 |
| SAP SE | Informationstechnologie | Deutschland | 5,8 | 1,3 | 4,5 |
| INFINEON TECHNOLOGIES AG | Informationstechnologie | Deutschland | 5,7 | 0,5 | 5,2 |
| PROSUS NV | Verbrauchsgüter | Niederlande | 5,1 | 0,7 | 4,4 |
| RELX PLC | Industrie | Großbritannien | 4,8 | 0,5 | 4,3 |
| MERCK KGAA | Gesundheit | Deutschland | 3,8 | 0,3 | 3,6 |
| EXPERIAN PLC | Industrie | Großbritannien | 3,7 | 0,4 | 3,4 |
| SONOVA HLDG AG | Gesundheit | Schweiz | 3,4 | 0,2 | 3,2 |
| WORLDLINE SA | Informationstechnologie | Frankreich | 3,3 | 0,2 | 3,2 |
| ROCHE HOLDING AG | Gesundheit | Schweiz | 3,3 | 2,5 | 0,8 |
|  | Average Relative | Relative Performance |  | Average Relative | Relative Performance |
| --- | --- | --- | --- | --- | --- |
| TOP CONTRIBUTORS | Weight | Contribution | TOP DETRACTORS | Weight | Contribution |
| INDUSTRIA DE DISENO TXTL IN SA | 1.6 | 0.20 | WORLDLINE SA | 3.1 | -0.30 |
| ASML HOLDING NV | -3.2 | 0.16 | SAP SE | 4.6 | -0.25 |
| AMADEUS IT GROUP SA | 1.3 | 0.15 | ROYAL DUTCH SHELL PLC | -1.4 | -0.25 |
| INFORMA PLC | 2.1 | 0.13 | JUST EAT TAKEAWAY | 1.6 | -0.24 |
| NOVARTIS AG | -1.7 | 0.11 | PROSUS NV | 4.5 | -0.22 |
| ENTAIN PLC | 0.9 | 0.11 | AVEVA GROUP PLC | 1.6 | -0.17 |
| SONOVA HLDG AG | 3.2 | 0.11 | SCOUT24 AG | 1.3 | -0.17 |
| RENTOKIL INITIAL PLC | 3.0 | 0.11 | TOTALENERGIES SE | -1.0 | -0.15 |
| IBERDROLA SA | -0.6 | 0.09 | NEXI SPA | 2.7 | -0.14 |
| NOVO-NORDISK AS | 4.5 | 0.09 | ALTEN SA | 2.4 | -0.14 |

Translation (ENDE, 2021-09-30):
|  | Ø relative Gewich- | Relativer Performance- |  | Ø relative Gewich- | Relativer Performance- |
| --- | --- | --- | --- | --- | --- |
| GRÖSSTE POSITIVE BEITRÄGE | tung | Beitrag | GRÖSSTE NEGATIVE BEITRÄGE | tung | Beitrag |
| INDUSTRIA DE DISENO TXTL IN SA | 1,6 | 0,20 | WORLDLINE SA | 3,1 | -0,30 |
| ASML HOLDING NV | -3,2 | 0,16 | SAP SE | 4,6 | -0,25 |
| AMADEUS IT GROUP SA | 1,3 | 0,15 | ROYAL DUTCH SHELL PLC | -1,4 | -0,25 |
| INFORMA PLC | 2,1 | 0,13 | JUST EAT TAKEAWAY | 1,6 | -0,24 |
| NOVARTIS AG | -1,7 | 0,11 | PROSUS NV | 4,5 | -0,22 |
| ENTAIN PLC | 0,9 | 0,11 | AVEVA GROUP PLC | 1,6 | -0,17 |
| SONOVA HLDG AG | 3,2 | 0,11 | SCOUT24 AG | 1,3 | -0,17 |
| RENTOKIL INITIAL PLC | 3,0 | 0,11 | TOTALENERGIES SE | -1,0 | -0,15 |
| IBERDROLA SA | -0,6 | 0,09 | NEXI SPA | 2,7 | -0,14 |
| NOVO-NORDISK AS | 4,5 | 0,09 | ALTEN SA | 2,4 | -0,14 |
| GICS SECTOR | Relative Weight | Security Selection | Industry Selection | Relative Contribution |  | Relative Weight | Security Selection | Geographic Selection | Relative Contribution |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Materials | -8.1 | 0.03 | 0.36 | 0.39 | Switzerland | -8.2 | 0.28 | 0.24 | 0.52 |
| Health Care | 8.5 | 0.44 | -0.09 | 0.35 | Spain | 0.3 | 0.48 | 0.01 | 0.49 |
| Utilities | -4.2 | 0.00 | 0.25 | 0.25 | Denmark | 1.1 | 0.12 | -0.02 | 0.10 |
| Industrials | 9.7 | 0.20 | -0.05 | 0.15 | Finland | -2.4 | 0.00 | 0.10 | 0.10 |
| Real Estate | -1.3 | 0.00 | 0.06 | 0.06 | Belgium | -2.5 | 0.05 | -0.01 | 0.04 |
| Communication Services | -4.5 | 0.01 | 0.00 | 0.01 | United Kingdom | 8.9 | -0.35 | 0.25 | -0.10 |
| Consumer Discretionary | 2.9 | 0.17 | -0.33 | -0.16 | Italy | -1.8 | -0.25 | -0.03 | -0.28 |
| Consumer Staples | -7.0 | -0.18 | -0.07 | -0.24 | Netherlands | 2.2 | -0.40 | -0.03 | -0.43 |
| Financials | -10.1 | 0.09 | -0.52 | -0.43 | France | -3.0 | -0.53 | -0.02 | -0.55 |
| Information Technology | 19.0 | 0.19 | -0.72 | -0.53 | Germany | 10.6 | -0.55 | -0.09 | -0.63 |
| Energy | -5.1 | 0.01 | -0.74 | -0.74 | Others | -5.3 | -0.03 | -0.12 | -0.15 |
| Total Primary Assets | -0.1 | 0.97 | -1.86 | -0.89 | Total Primary Assets | -0.1 | -1.17 | 0.28 | -0.89 |
| Other* | 0.1 |  |  | -0.13 | Other* | 0.1 |  |  | -0.13 |
| TOTAL | 0.0 |  |  | -1.02 | TOTAL | 0.0 |  |  | -1.02 |

Translation (ENDE, 2021-09-30):
| SEKTOR GICS | Gewich- tung | Wertpapier- auswahl | Branchen- auswahl | relativer Beitrag |  | Gewich- tung | Wertpapier- auswahl | Geografisch e Auswahl | relativer Beitrag |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Roh- und Werkstoffe | -8,1 | 0,03 | 0,36 | 0,39 | Schweiz | -8,2 | 0,28 | 0,24 | 0,52 |
| Gesundheit | 8,5 | 0,44 | -0,09 | 0,35 | Spanien | 0,3 | 0,48 | 0,01 | 0,49 |
| Versorger | -4,2 | 0,00 | 0,25 | 0,25 | Dänemark | 1,1 | 0,12 | -0,02 | 0,10 |
| Industrie | 9,7 | 0,20 | -0,05 | 0,15 | Finnland | -2,4 | 0,00 | 0,10 | 0,10 |
| Immobilien | -1,3 | 0,00 | 0,06 | 0,06 | Belgien | -2,5 | 0,05 | -0,01 | 0,04 |
| Kommunikationsdienste | -4,5 | 0,01 | 0,00 | 0,01 | Großbritannien | 8,9 | -0,35 | 0,25 | -0,10 |
| Verbrauchsgüter | 2,9 | 0,17 | -0,33 | -0,16 | Italien | -1,8 | -0,25 | -0,03 | -0,28 |
| Grundbedarfsgüter | -7,0 | -0,18 | -0,07 | -0,24 | Niederlande | 2,2 | -0,40 | -0,03 | -0,43 |
| Finanzunternehmen | -10,1 | 0,09 | -0,52 | -0,43 | Frankreich | -3,0 | -0,53 | -0,02 | -0,55 |
| Informationstechnologie | 19,0 | 0,19 | -0,72 | -0,53 | Deutschland | 10,6 | -0,55 | -0,09 | -0,63 |
| Energie | -5,1 | 0,01 | -0,74 | -0,74 | Sonstige | -5,3 | -0,03 | -0,12 | -0,15 |
| Summe primäre Vermögenswerte | -0,1 | 0,97 | -1,86 | -0,89 | Summe primäre Vermögenswerte | -0,1 | -1,17 | 0,28 | -0,89 |
| Sonstige* | 0,1 |  |  | -0,13 | Sonstige* | 0,1 |  |  | -0,13 |
| SUMME | 0,0 |  |  | -1,02 | SUMME | 0,0 |  |  | -1,02 |
|  | Fund | Index | Relative |  |  | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROLLS-ROYCE HOLDINGS PLC | 6.7 | 0.0 | 6.7 |  | Short Position - name withheld | -1.5 | 4.1 | -5.6 |
| BABCOCK INTL GROUP PLC | 4.6 | 0.0 | 4.6 |  | Short Position - name withheld | -3.0 | 1.0 | -4.0 |
| ERICSSON | 4.0 | 0.0 | 4.0 |  | MICROSOFT CORP | 0.0 | 3.0 | -3.0 |
| COTY INC | 3.9 | 0.0 | 3.9 |  | Short Position - name withheld | -2.3 | 0.0 | -2.3 |
| GOLAR LNG LTD | 3.6 | 0.0 | 3.6 |  | Short Position - name withheld | -0.9 | 0.9 | -1.9 |
| ARYZTA AG | 3.4 | 0.0 | 3.4 |  | ALPHABET INC | 0.0 | 1.8 | -1.8 |
| REXEL SA | 3.1 | 0.0 | 3.1 |  | AMAZON.COM INC | 0.0 | 1.5 | -1.5 |
| HOLLYSYS AUTOMATION TECH LTD | 3.1 | 0.0 | 3.1 |  | Short Position - name withheld | -1.3 | 0.0 | -1.3 |
| MAKEMYTRIP LIMITED | 3.0 | 0.0 | 3.0 |  | Short Position - name withheld | -0.9 | 0.4 | -1.3 |
| HAPVIDA PARTICIPACOES E | 2.9 | 0.0 | 2.9 |  | Short Position - name withheld | -1.1 | 0.0 | -1.1 |
| Net Long Positions Concentration (% TNA) |
|  | Fund | Index |  |
| Top 10 | 38.2 | 15.2 |  |
| Top 20 | 64.4 | 21.0 |  |
| Top 50 | 116.3 | 31.9 |  |
| Definition of terms: |  |  |  |  |  |  |  |  |

Translation (ENDE, 2023-02-28):
|  | Fonds | Index | Relativ |  |  | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROLLS-ROYCE HOLDINGS PLC | 6,7 | 0,0 | 6,7 |  | Short Position - name withheld | -1,5 | 4,1 | -5,6 |
| BABCOCK INTL GROUP PLC | 4,6 | 0,0 | 4,6 |  | Short Position - name withheld | -3,0 | 1,0 | -4,0 |
| ERICSSON | 4,0 | 0,0 | 4,0 |  | MICROSOFT CORP | 0,0 | 3,0 | -3,0 |
| COTY INC | 3,9 | 0,0 | 3,9 |  | Short Position - name withheld | -2,3 | 0,0 | -2,3 |
| GOLAR LNG LTD | 3,6 | 0,0 | 3,6 |  | Short Position - name withheld | -0,9 | 0,9 | -1,9 |
| ARYZTA AG | 3,4 | 0,0 | 3,4 |  | ALPHABET INC | 0,0 | 1,8 | -1,8 |
| REXEL SA | 3,1 | 0,0 | 3,1 |  | AMAZON.COM INC | 0,0 | 1,5 | -1,5 |
| HOLLYSYS AUTOMATION TECH LTD | 3,1 | 0,0 | 3,1 |  | Short Position - name withheld | -1,3 | 0,0 | -1,3 |
| MAKEMYTRIP LIMITED | 3,0 | 0,0 | 3,0 |  | Short Position - name withheld | -0,9 | 0,4 | -1,3 |
| HAPVIDA PARTICIPACOES E | 2,9 | 0,0 | 2,9 |  | Short Position - name withheld | -1,1 | 0,0 | -1,1 |
| Konzentration der Netto-Long-Positionen (% NIW Fonds) |
|  | Fonds | Index |  |
| Top 10 | 38,2 | 15,2 |  |
| Top 20 | 64,4 | 21,0 |  |
| Top 50 | 116,3 | 31,9 |  |
| Definition der Begriffe: |  |  |  |  |  |  |  |  |
# Strategy
Matt Siddle and Helen Powell look to invest in quality companies at attractive prices. They identify them through various quantitative screens and in-house research and then conduct their own fundamental analysis. The characteristics they look for include sustainable high returns on capital that will enable the company to grow faster than competitors and generate high cash flows. They believe companies with these attributes tend to outperform the market over the long term. Matt and Helen keep a “watch list” of potential investments that can become a part of the portfolio.

Translation (ENDE, 2020-08-31):
# Strategie
Matt Siddle und Helen Powell treten an, um zu attraktiven Preisen in Qualitätsunternehmen zu investieren. Sie ermitteln ihre Anlagekandidaten mit Hilfe verschiedener quantitativer Filter sowie interner Analysen und führen dann ihre eigene Fundamentalanalyse durch. Zu den Merkmalen, nach denen sie Ausschau halten, gehören nachhaltig hohe Kapitalrenditen, die es dem Unternehmen ermöglichen, schneller als die Wettbewerber zu wachsen und hohe Cashflows zu generieren. Sie sind überzeugt, dass Unternehmen mit diesen Merkmalen den Markt langfristig tendenziell übertreffen werden. Matt und Helen führen eine „Watch List“ potenzieller Kandidaten, die in das Portfolio aufgenommen werden können.
# Strategy
The fund is managed using a team approach, aiming to add value relative to a composite index through asset class selection and allocation selection. The composite index is a blend of market indices representing the various asset classes. We expect both areas of decision-making to add equal value to the fund’s relative performance. Asset class selection is based on an assessment of the current economic scenario. The process is research-driven, drawing on information from Fidelity’s own quantitative models. Sentiment and technical indicators are used to complement the macro- economic approach. Allocation selection is a research-driven process where we filter managers based on qualitative and quantitative criteria. Qualitative analysis focuses on understanding how the investment process works, considering factors such as investment philosophy, stock selection process, portfolio construction and risk controls. Quantitative analysis examines where a fund’s performance comes from, measuring historical performance factors and conducting holdings–based analysis.

Translation (ENDE, 2021-09-30):
# Strategie
Der Fonds wird von einem Team gemanagt. Ziel ist die Outperformance eines zusammengesetzten Index durch Anlageklassen- und Allokationsauswahl. Der zusammengesetzte Index stellt eine Kombination von Marktindizes dar, die verschiedene Aktienregionen repräsentieren. Die relative Wertentwicklung wird primär durch die Allokationsauswahl bestimmt. Bei dieser handelt es sich um einen researchbasierten Prozess, in dessen Verlauf wir Fonds anhand qualitativer und quantitativer Kriterien herausfiltern. Bei der qualitativen Analyse geht es vor allem darum zu verstehen, wie der Investmentprozess funktioniert. Berücksichtigt werden Faktoren wie Anlagephilosophie, Prozess der Titelselektion, Portfolioaufbau und Risikokontrollen. Die quantitative Analyse untersucht, was alles zur Performance eines Fonds beiträgt. Dazu werden historische Performance-Faktoren gemessen und Analysen der von den Fonds gehaltenen Titel vorgenommen.
# Top Positions (% TNA)
Global Fixed Income	1.0
GERMANY FEDERAL REPUBLIC OF 0% 04/05/2024 REGS
Xtrackers Physical Gold EUR He ASSENAGON ALPHA VOLATILITY
GERMANY FEDERAL REPUBLIC OF 0% 04/14/2023 REGS GERMANY FEDERAL REPUBLIC OF 1.75% 07/04/2022 REGS ISHARES PHYSICAL SILVER ETC
GERMANY FEDERAL REPUBLIC OF 0% 10/07/2022 REGS GERMANY FEDERAL REPUBLIC OF 0% 10/09/2026 REGS GREENCOAT RENEWABLES PLC
MAJEDIE ASSET MANAGEMENT INVESTMENT FUND CO - MAJEDIE ASSET
% TNA
6.9
6.3
5.2
3.5
2.5
1.8
1.8
1.6
1.5
1.3

Translation (ENDE, 2021-09-30):
# Größte Positionen (% NIW Fonds)
### GERMANY FEDERAL REPUBLIC OF 0% 04/05/2024 REGS

### Xtrackers Physical Gold EUR He ASSENAGON ALPHA VOLATILITY

### GERMANY FEDERAL REPUBLIC OF 0% 04/14/2023 REGS GERMANY FEDERAL REPUBLIC OF 1.75% 07/04/2022 REGS ISHARES PHYSICAL SILVER ETC

### GERMANY FEDERAL REPUBLIC OF 0% 10/07/2022 REGS GERMANY FEDERAL REPUBLIC OF 0% 10/09/2026 REGS GREENCOAT RENEWABLES PLC

### MAJEDIE ASSET MANAGEMENT INVESTMENT FUND CO - MAJEDIE ASSET

### % NIW Fonds

### 6,9

### 6,3

### 5,2

### 3,5

### 2,5

### 1,8

### 1,8

### 1,6

### 1,5

### 1,3
# Position Contribution (%)	1 month
|  | Average Relative | Relative Performance |  | Average Relative | Relative Performance |
| --- | --- | --- | --- | --- | --- |
| TOP CONTRIBUTORS | Weight | Contribution | TOP DETRACTORS | Weight | Contribution |
| Z HOLDINGS COR | 1.5 | 0.27 | EQT AB | 1.8 | -0.47 |
| AXIS BK LTD | 1.2 | 0.21 | TORONTO DOMINION BANK | -1.3 | -0.10 |
| ASSURANT INC | 1.6 | 0.17 | SOFTBANK GROUP CORP | 1.3 | -0.10 |
| ALIBABA GROUP HOLDING LTD | 1.4 | 0.14 | BERKSHIRE HATHAWAY INC DEL | -1.8 | -0.09 |
| MASTERCARD INC | 1.0 | 0.11 | ROYAL BANK OF CANADA | -1.5 | -0.09 |
| KINSALE CAPITAL GROUP INC | 1.3 | 0.10 | APOLLO GLOBAL MGMT LLC | 1.1 | -0.09 |
| MORGAN STANLEY | 2.4 | 0.10 | GALLAGHER (ARTHUR J.) & CO | 1.3 | -0.07 |
| ATHENE HOLDING LTD | 1.1 | 0.10 | BANK OF MONTREAL QUE | -0.6 | -0.06 |
| JPMORGAN CHASE & CO | 1.1 | 0.09 | WILLIS TOWERS WATSON PLC | 1.2 | -0.06 |
| JULIUS BAER GROUP LTD | 1.7 | 0.08 | PING AN INS GROUP CO CHINA LTD | 1.3 | -0.06 |

Positions in other funds - including ETFs (Exchange Traded Funds) - can appear in this table, but index derivatives form part of an "Index / Unclassified" category which will appear in the table(s) below when relevant.

Translation (ENDE, 2020-08-31):
# Beitrag/Position (%)	1 Monat
|  | Ø relative Gewich- | Relativer Performance- |  | Ø relative Gewich- | Relativer Performance- |
| --- | --- | --- | --- | --- | --- |
| GRÖSSTE POSITIVE BEITRÄGE | tung | Beitrag | GRÖSSTE NEGATIVE BEITRÄGE | tung | Beitrag |
| Z HOLDINGS COR | 1,5 | 0,27 | EQT AB | 1,8 | -0,47 |
| AXIS BK LTD | 1,2 | 0,21 | TORONTO DOMINION BANK | -1,3 | -0,10 |
| ASSURANT INC | 1,6 | 0,17 | SOFTBANK GROUP CORP | 1,3 | -0,10 |
| ALIBABA GROUP HOLDING LTD | 1,4 | 0,14 | BERKSHIRE HATHAWAY INC DEL | -1,8 | -0,09 |
| MASTERCARD INC | 1,0 | 0,11 | ROYAL BANK OF CANADA | -1,5 | -0,09 |
| KINSALE CAPITAL GROUP INC | 1,3 | 0,10 | APOLLO GLOBAL MGMT LLC | 1,1 | -0,09 |
| MORGAN STANLEY | 2,4 | 0,10 | GALLAGHER (ARTHUR J.) & CO | 1,3 | -0,07 |
| ATHENE HOLDING LTD | 1,1 | 0,10 | BANK OF MONTREAL QUE | -0,6 | -0,06 |
| JPMORGAN CHASE & CO | 1,1 | 0,09 | WILLIS TOWERS WATSON PLC | 1,2 | -0,06 |
| JULIUS BAER GROUP LTD | 1,7 | 0,08 | PING AN INS GROUP CO CHINA LTD | 1,3 | -0,06 |

Positionen in anderen Fonds – einschließlich ETFs (börsengehandelte Fonds) – können in dieser Tabelle erscheinen, aber Index-Derivate fallen in eine Kategorie mit der Bezeichnung "Index/Nicht klassifiziert", die ggf. in der/den nachstehenden Tabelle(n) zu finden ist.
# Top Allocations (% TNA)
## Allocation

## Fidelity Funds - Solutions Asian High Yield Pool

## Fidelity Funds - Emerging Market Debt Fidelity Funds - Global Hybrids Fidelity Funds - US Dollar Bond Fidelity Funds - Global Dividend Fidelity Funds - US High Yield

## FF Euro High Yield

## Fidelity Funds - Global Multi Asset Income

## Fidelity Funds - Global Enhanced Income Pool

## Sub-Asset Class

## High yield bonds

## EM Debt - Hard Currency Hybrid bonds

## Investment Grade Bonds Equity

## High yield bonds High yield bonds

## Equity - enhanced income

## % TNA

## 10.1

## 9.8

## 9.6

## 8.5

## 8.3

## 7.4

## 6.7

## 5.9

## 5.9

## Fidelity Funds - Multi Asset Asia Defensive Equities Pool

## Equity	4.2
The Global Multi Asset Income Pool holds the third-party exposure, including - but not limited to - Infrastructure, Loans, High Income Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs).

Translation (ENDE, 2020-08-31):
# Größte Allokationen (% NIW Fonds)
## Allokation

## Fidelity Funds - Solutions Asian High Yield Pool

## Fidelity Funds - Emerging Market Debt Fidelity Funds - Global Hybrids Fidelity Funds - US Dollar Bond Fidelity Funds - Global Dividend Fidelity Funds - US High Yield

## FF Euro High Yield

## Fidelity Funds - Global Multi Asset Income

## Fidelity Funds - Global Enhanced Income Pool

## Unter-Anlagenklasse

## Hochzinsanleihen

## Schwellenländeranleihen - Hartwährung

## Hybridanleihen

## Anleihen mit Investmentqualität

## Aktien Hochzinsanleihen Hochzinsanleihen

## Aktien – höhere Erträge

## % NIW Fonds

## 10,1

## 9,8

## 9,6

## 8,5

## 8,3

## 7,4

## 6,7

## 5,9

## 5,9

## Fidelity Funds - Multi Asset Asia Defensive Equities Pool

## Aktien	4,2
Der Global Multi Asset Income Pool beinhaltet das Engagement über Dritte, einschließlich – aber nicht begrenzt auf – Infrastruktur, Darlehen, High Income Exchange Traded Funds (ETFs) und Real Estate Investment Trusts (REITs).