# 38
Jan 03
Sep 03
Apr 04
Nov 04
Jun 05
Jan 06
Aug 06
Mar 07
Oct 07
Jun 08
Jan 09
Aug 09
Mar 10
Oct 10
May 11
Dec 11
Jul 12
Mar 13
Oct 13
May 14
Dec 14
Jul 15
Feb 16
Sep 16
May 17
Dec 17
Jul 18
Feb 19
Sep 19
Apr 20
Nov 20
Jun 21
Month-end data, source: DJE Investment S.A.

## COMPOSITION OF THE SUB-FUND’S NET ASSETS
as at 30 June 2021
Securities
(acquisition cost of securities: EUR 1,149,170,335.12)

## EUR
1,424,793,414.07
Cash at banks 
1	
9,058,780.67
Dividends receivable	2,659,954.06
Subscriptions receivable	2,068,749.56
Receivables from securities transactions	3,987,884.36
Receivable for currency transactions	2,249,697.11
1,444,818,479.83
Redemptions payable	-653,087.25
Unrealised losses on forward exchange contracts	-12,143.30
Interest liabilities	-13,306.97
Liabilities from securities transactions	-1,982,137.77
Payable for currency transactions	-2,249,304.06
Other liabilities 
2	
-8,493,509.26	
39
-13,403,488.61
Sub-fund’s net assets	1,431,414,991.22

## ALLOCATION TO UNIT CLASSES
Unit class P (EUR)
Pro rata sub-fund’s net assets	EUR 699,167,548.24 Units outstanding		1,361,380.878
Net asset value	EUR 513.57
Unit class PA (EUR)
Pro rata sub-fund’s net assets	EUR 55,254,475.80 Units outstanding		322,339.135
Net asset value	EUR 171.42
Unit class I (EUR)
Pro rata sub-fund’s net assets	EUR 156,354,063.89 Units outstanding		270,790.604
Net asset value	EUR 577.40
Unit class I (H-CHF)
Pro rata sub-fund’s net assets	EUR 5,986,688.80 Units outstanding		27,368.521
Net asset value	EUR 218.74
Net asset value	CHF 239.87 
3
Unit class XP (EUR)
Pro rata sub-fund’s net assets	EUR 514,652,214.49 Units outstanding		1,550,775.944
Net asset value	EUR 331.87
- | See Notes to the Financial Statements.
- | This item essentially comprises performance and management fees.
- | Converted into euro at the exchange rate on 30 June 2021: EUR 1 = CHF 1.0966.


## STATEMENT OF INVESTMENTS AS AT 30 JUNE 2021
| ISIN | Securities | Purchases during | Sales during | Holding | Price | Market value | % of net |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | the reporting | the reporting |  |  | EUR | sub-fund |
|  |  | period | period |  |  |  | assets  1 |

EQUITIES, RIGHTS AND PROFIT-PARTICIPATION CERTIFICATES
| China |  |
| --- | --- |
| US01609W1027 | Alibaba Group Holding Ltd. ADR  2 | USD | 10,900 | 24,000 | 54,400 | 229.4400 | 10,499,273.22 | 0.73 |
| KYG040111059 | Anta Sports Products Ltd.  2 | HKD | 203,000 | 278,000 | 545,000 | 182.8000 | 10,794,885.69 | 0.75 |
| CNE100000593 | PICC Property & Casualty Co. Ltd. | HKD | 6,076,000 | 3,468,000 | 12,790,000 | 6.8000 | 9,423,772.89 | 0.66 |
| KYG875721634 | Tencent Holdings Ltd.  2 | HKD | 120,800 | 202,000 | 80,500 | 584.0000 | 5,093,943.01 | 0.36 |
| CNE100000PP1 | Xinjiang Goldwind Science & Technology Co. Ltd. | HKD | 1,340,000 | 800,000 | 4,870,000 | 12.1400 | 6,406,089.50 | 0.45 |
| CNE1000004S4 | Zhejiang Expressway Co. Ltd. | HKD | 5,230,000 | 0 | 15,030,000 | 6.9100 | 11,253,364.39 | 0.79 |
|  |  |  |  |  |  |  | 53,471,328.70 | 3.74 |
| Denmark |  |  |  |  |  |  |  |  |
| DK0010244508 | A.P.Moeller-Maersk A/S | DKK | 2,853 | 2,490 | 4,563 | 18,035.0000 | 11,067,973.72 | 0.77 |
| DK0010181759 | Carlsberg AS | DKK | 59,000 | 0 | 59,000 | 1,182.0000 | 9,379,312.20 | 0.66 |
| DK0060534915 | Novo-Nordisk AS | DKK | 0 | 0 | 527,500 | 525.9000 | 37,310,162.33 | 2.61 |
| DK0060094928 | Orsted A/S | DKK | 21,249 | 76,549 | 89,100 | 883.6000 | 10,588,511.56 | 0.74 |
| DK0061539921 | Vestas Wind Systems AS | DKK | 740,000 | 0 | 740,000 | 243.2000 | 24,204,537.81 | 1.69 |
|  |  |  |  |  |  |  | 92,550,497.62 | 6.47 |
| Germany |  |  |  |  |  |  |  |  |
| DE0008404005 | Allianz SE | EUR | 31,500 | 6,400 | 93,700 | 209.3000 | 19,611,410.00 | 1.37 |
| DE0006766504 | Aurubis AG | EUR | 142,300 | 0 | 142,300 | 77.3200 | 11,002,636.00 | 0.77 |
| DE000BASF111 | BASF SE | EUR | 171,227 | 104,327 | 515,300 | 65.9200 | 33,968,576.00 | 2.37 |
| US09075V1026 | BioNTech SE ADR | USD | 222,900 | 312,300 | 6,600 | 228.0600 | 1,266,147.38 | 0.09 |
| DE0007100000 | Daimler AG | EUR | 134,200 | 207,100 | 54,100 | 74.8000 | 4,046,680.00 | 0.28 |
| DE0005810055 | Dte. Börse AG | EUR | 105,100 | 9,800 | 95,300 | 147.9000 | 14,094,870.00 | 0.98 |
| DE0005552004 | Dte. Post AG | EUR | 232,800 | 0 | 722,800 | 57.8700 | 41,828,436.00 | 2.92 |
| DE0005557508 | Dte. Telekom AG | EUR | 805,000 | 715,800 | 805,000 | 17.8160 | 14,341,880.00 | 1.00 |
| DE000EVNK013 | Evonik Industries AG | EUR | 259,000 | 264,900 | 962,100 | 28.0300 | 26,967,663.00 | 1.88 |
| DE0005785604 | Fresenius SE & Co. KGaA | EUR | 365,900 | 237,600 | 128,300 | 43.7100 | 5,607,993.00 | 0.39 |
| DE0008402215 | Hannover Rück SE | EUR | 20,700 | 0 | 290,500 | 141.1000 | 40,989,550.00 | 2.86 |
| DE0006231004 | Infineon Technologies AG | EUR | 198,833 | 233,633 | 678,200 | 34.0800 | 23,113,056.00 | 1.61 |
| DE000KSAG888 | K+S Aktiengesellschaft | EUR | 531,400 | 153,000 | 378,400 | 11.1950 | 4,236,188.00 | 0.30 |
| DE0005470405 | LANXESS AG | EUR | 76,600 | 29,000 | 47,600 | 57.4200 | 2,733,192.00 | 0.19 |
| DE0007164600 | SAP SE | EUR | 41,500 | 0 | 41,500 | 119.3200 | 4,951,780.00 | 0.35 |
| DE000A0TGJ55 | VARTA AG | EUR | 51,000 | 0 | 51,000 | 130.3500 | 6,647,850.00 | 0.46 |
| DE000ZAL1111 | Zalando SE | EUR | 238,192 | 50,700 | 187,492 | 101.9000 | 19,105,434.80 | 1.33 |
|  |  |  |  |  |  |  | 274,513,342.18 | 19.15 |
| Finland |  |  |  |  |  |  |  |  |
| FI0009007132 | Fortum OYJ | EUR | 119,300 | 0 | 119,300 | 23.2400 | 2,772,532.00 | 0.19 |
| FI4000297767 | Nordea Bank Abp | EUR | 1,593,708 | 205,243 | 1,388,465 | 9.3260 | 12,948,824.59 | 0.90 |
| FI0009003305 | Sampo OYJ | EUR | 135,000 | 80,000 | 55,000 | 38.6400 | 2,125,200.00 | 0.15 |
|  |  |  |  |  |  |  | 17,846,556.59 | 1.24 |

Listed securities

Translation (ENDE, 2021-06-30):
# 38
Jan 03
Sep 03
Apr 04
Nov 04
Jun 05
Jan 06
Aug 06
Mär 07
Okt 07
Jun 08
Jan 09
Aug 09
Mär 10
Okt 10
Mai 11
Dez 11
Jul 12
Mär 13
Okt 13
Mai 14
Dez 14
Jul 15
Feb 16
Sep 16
Mai 17
Dez 17
Jul 18
Feb 19
Sep 19
Apr 20
Nov 20
Jun 21
Monatsenddaten, Quelle: DJE Investment S.A.

## ZUSAMMENSETZUNG DES NETTO-TEILFONDSVERMÖGENS
zum 30. Juni 2021

## EUR
Wertpapiervermögen
(Wertpapiereinstandskosten: EUR 1.149.170.335,12)
1.424.793.414,07
Bankguthaben 
1	
9.058.780,67
Dividendenforderungen	2.659.954,06
Forderungen aus Absatz von Anteilen	2.068.749,56
Forderungen aus Wertpapiergeschäften	3.987.884,36
Forderungen aus Devisengeschäften	2.249.697,11
1.444.818.479,83
Verbindlichkeiten aus Rücknahmen von Anteilen	-653.087,25
Nicht realisierte Verluste aus Devisentermingeschäften	-12.143,30
Zinsverbindlichkeiten	-13.306,97
Verbindlichkeiten aus Wertpapiergeschäften	-1.982.137,77
Verbindlichkeiten aus Devisengeschäften	-2.249.304,06
Sonstige Passiva 
2	
-8.493.509,26	
39
-13.403.488,61
Netto-Teilfondsvermögen	1.431. 414.991,22

## ZURECHNUNG AUF DIE ANTEILKLASSEN
Anteilklasse P (EUR)
Anteiliges Netto-Teilfondsvermögen	699.167.548,24 EUR Umlaufende Anteile		1.361.380,878
Anteilwert	513,57 EUR
Anteilklasse PA (EUR)
Anteiliges Netto-Teilfondsvermögen	55.254.475,80 EUR Umlaufende Anteile		322.339,135
Anteilwert	171,42 EUR
Anteilklasse I (EUR)
Anteiliges Netto-Teilfondsvermögen	156.354.063,89 EUR Umlaufende Anteile		270.790,604
Anteilwert	577,40 EUR
Anteilklasse I (H-CHF)
Anteiliges Netto-Teilfondsvermögen	5.986.688,80 EUR Umlaufende Anteile		27.368,521
Anteilwert	218,74 EUR
Anteilwert	239,87 CHF 
3
Anteilklasse XP (EUR)
Anteiliges Netto-Teilfondsvermögen	514.652.214,49 EUR Umlaufende Anteile		1.550.775,944
Anteilwert	331,87 EUR
- | Siehe Erläuterungen zum Bericht.
- | Diese Position setzt sich im Wesentlichen zusammen aus Performancevergütung und Verwaltungsvergütung.
- | Umgerechnet Devisenkurse in Euro per 30. Juni 2021: 1 EUR = 1,0966 CHF


## VERMÖGENSAUFSTELLUNG ZUM 30. JUNI 2021
| ISIN | Wertpapiere | Zugänge im | Abgänge im | Bestand | Kurs | Kurswert | %-Anteil |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Berichtszeitraum | Berichtszeitraum |  |  | EUR | vom NTFV  1 |

AKTIEN, ANRECHTE UND GENUSSSCHEINE
| China |  |
| --- | --- |
| US01609W1027 | Alibaba Group Holding Ltd. ADR  2 | USD | 10.900 | 24.000 | 54.400 | 229,4400 | 10.499.273,22 | 0,73 |
| KYG040111059 | Anta Sports Products Ltd.  2 | HKD | 203.000 | 278.000 | 545.000 | 182,8000 | 10.794.885,69 | 0,75 |
| CNE100000593 | PICC Property & Casualty Co. Ltd. | HKD | 6.076.000 | 3.468.000 | 12.790.000 | 6,8000 | 9.423.772,89 | 0,66 |
| KYG875721634 | Tencent Holdings Ltd.  2 | HKD | 120.800 | 202.000 | 80.500 | 584,0000 | 5.093.943,01 | 0,36 |
| CNE100000PP1 | Xinjiang Goldwind Science & Technology Co. Ltd. | HKD | 1.340.000 | 800.000 | 4.870.000 | 12,1400 | 6.406.089,50 | 0,45 |
| CNE1000004S4 | Zhejiang Expressway Co. Ltd. | HKD | 5.230.000 | 0 | 15.030.000 | 6,9100 | 11.253.364,39 | 0,79 |
|  |  |  |  |  |  |  | 53.471.328,70 | 3,74 |
| Dänemark |  |  |  |  |  |  |  |  |
| DK0010244508 | A.P.Moeller-Maersk A/S | DKK | 2.853 | 2.490 | 4.563 | 18.035,0000 | 11.067.973,72 | 0,77 |

Börsengehandelte Wertpapiere
| DK0010181759 | Carlsberg AS | DKK | 59.000 | 0 | 59.000 | 1.182,0000 | 9.379.312,20 | 0,66 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DK0060534915 | Novo-Nordisk AS | DKK | 0 | 0 | 527.500 | 525,9000 | 37.310.162,33 | 2,61 |
| DK0060094928 | Orsted A/S | DKK | 21.249 | 76.549 | 89.100 | 883,6000 | 10.588.511,56 | 0,74 |
| DK0061539921 | Vestas Wind Systems AS | DKK | 740.000 | 0 | 740.000 | 243,2000 | 24.204.537,81 | 1,69 |
| Deutschland |  |  |  |  |  |  | 92.550.497,62 | 6,47 |
| DE0008404005 | Allianz SE | EUR | 31.500 | 6.400 | 93.700 | 209,3000 | 19.611.410,00 | 1,37 |
| DE0006766504 | Aurubis AG | EUR | 142.300 | 0 | 142.300 | 77,3200 | 11.002.636,00 | 0,77 |
| DE000BASF111 | BASF SE | EUR | 171.227 | 104.327 | 515.300 | 65,9200 | 33.968.576,00 | 2,37 |
| US09075V1026 | BioNTech SE ADR | USD | 222.900 | 312.300 | 6.600 | 228,0600 | 1.266.147,38 | 0,09 |
| DE0007100000 | Daimler AG | EUR | 134.200 | 207.100 | 54.100 | 74,8000 | 4.046.680,00 | 0,28 |
| DE0005810055 | Dte. Börse AG | EUR | 105.100 | 9.800 | 95.300 | 147,9000 | 14.094.870,00 | 0,98 |
| DE0005552004 | Dte. Post AG | EUR | 232.800 | 0 | 722.800 | 57,8700 | 41.828.436,00 | 2,92 |
| DE0005557508 | Dte. Telekom AG | EUR | 805.000 | 715.800 | 805.000 | 17,8160 | 14.341.880,00 | 1,00 |
| DE000EVNK013 | Evonik Industries AG | EUR | 259.000 | 264.900 | 962.100 | 28,0300 | 26.967.663,00 | 1,88 |
| DE0005785604 | Fresenius SE & Co. KGaA | EUR | 365.900 | 237.600 | 128.300 | 43,7100 | 5.607.993,00 | 0,39 |
| DE0008402215 | Hannover Rück SE | EUR | 20.700 | 0 | 290.500 | 141,1000 | 40.989.550,00 | 2,86 |
| DE0006231004 | Infineon Technologies AG | EUR | 198.833 | 233.633 | 678.200 | 34,0800 | 23.113.056,00 | 1,61 |
| DE000KSAG888 | K+S Aktiengesellschaft | EUR | 531.400 | 153.000 | 378.400 | 11,1950 | 4.236.188,00 | 0,30 |
| DE0005470405 | LANXESS AG | EUR | 76.600 | 29.000 | 47.600 | 57,4200 | 2.733.192,00 | 0,19 |
| DE0007164600 | SAP SE | EUR | 41.500 | 0 | 41.500 | 119,3200 | 4.951.780,00 | 0,35 |
| DE000A0TGJ55 | VARTA AG | EUR | 51.000 | 0 | 51.000 | 130,3500 | 6.647.850,00 | 0,46 |
| DE000ZAL1111 | Zalando SE | EUR | 238.192 | 50.700 | 187.492 | 101,9000 | 19.105.434,80 | 1,33 |
| Finnland |  |  |  |  |  |  | 274.513.342,18 | 19,15 |
| FI0009007132 | Fortum Oyj | EUR | 119.300 | 0 | 119.300 | 23,2400 | 2.772.532,00 | 0,19 |
| FI4000297767 | Nordea Bank Abp | EUR | 1.593.708 | 205.243 | 1.388.465 | 9,3260 | 12.948.824,59 | 0,90 |
| FI0009003305 | Sampo OYJ | EUR | 135.000 | 80.000 | 55.000 | 38,6400 | 2.125.200,00 | 0,15 |
|  |  |  |  |  |  |  | 17.846.556,59 | 1,24 |