OVHaiLLM/Flipper huggingface dataset:
The PTR (Portfolio Turnover Rate) approach considers the total security purchases and sales, the total subscriptions and redemptions and the average net assets of the fund to calculate the turnover figure. Data as at 30 September 2020.
Novo Nordisk A/S	1.2
Sanofi	1.2
Top 10 approximately equals 18.8% of net assets
Data as at 31 October 2020

Translation (ENDE, 2020-10-31):
Bei der PTR-Methode (Portfolio Turnover Rate) werden alle Käufe und Verkäufe von Wertpapieren, alle Zeichnungen und Rückgaben von Anteilen sowie der durchschnittliche Nettovermögenswert (NAV) des Fonds berücksichtigt. Daten wie bei 30. September 2020.
Novo Nordisk A/S	1,2
Sanofi	1,2
Die zehn größten Positionen entsprechen in etwa 18,8 % des Nettovermögens
Daten wie bei 31. Oktober 2020
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VETA | BGMJMZ5 | VETA.L | VETA LN | IVGEAGBP | — |
| SIX Swiss Exchange CHF | VETA | BGMJN07 | VETA.S | VETA SW | IVGEACHF | 45827734 |
| Deutsche Börse EUR | VGEA | BGMJMY4 | VGEA.DE | VGEA GY | IVGEAEUR | — |
| Borsa Italiana S.p.A. EUR | VGEA | BKMDRN8 | VGEA.MI | VGEA IM | IVGEAEUR | — |

Translation (ENDE, 2022-02-28):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VETA | BGMJMZ5 | VETA.L | VETA LN | IVGEAGBP | — |
| SIX Swiss Exchange CHF | VETA | BGMJN07 | VETA.S | VETA SW | IVGEACHF | 45827734 |
| Deutsche Börse EUR | VGEA | BGMJMY4 | VGEA.DE | VGEA GY | IVGEAEUR | — |
| Borsa Italiana S.p.A. EUR | VGEA | BKMDRN8 | VGEA.MI | VGEA IM | IVGEAEUR | — |
## Performance summary
CHF—Vanguard Emerging Markets Bond Fund
Benchmark — J.P. Morgan EMBI Global Diversified Index in CHF
This fund was launched on 08 February 2022. Performance data will be available after one year.

Translation (ENDE, 2022-02-28):
## Zusammenfassung der Performance
CHF—Vanguard Emerging Markets Bond Fund
Vergleichsindex — J.P. Morgan EMBI Global Diversified Index in CHF
Der Fonds wurde am 8. Februar 2022 aufgelegt. Performance-Informationen werden nach einem Jahr veröffentlicht.
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| NYSE Euronext EUR | V40D | BN7J5B6 | V40D.AS | V40D NA | IV40DEUR | — |
| Deutsche Börse EUR | V40D | BN2YCG0 | V40D.DE | V40D GY | IV40DEUR | — |
| Borsa Italiana S.p.A. EUR | VNGD40 | BN2YCH1 | VNGD40.MI | VNGD40 IM | IV40DEUR | — |

Translation (ENDE, 2022-02-28):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| NYSE Euronext EUR | V40D | BN7J5B6 | V40D.AS | V40D NA | IV40DEUR | — |
| Deutsche Börse EUR | V40D | BN2YCG0 | V40D.DE | V40D GY | IV40DEUR | — |
| Borsa Italiana S.p.A. EUR | VNGD40 | BN2YCH1 | VNGD40.MI | VNGD40 IM | IV40DEUR | — |
| Data as at 30 November 2023 unless otherwise stated. |  |
| --- | --- |
| Characteristics | Fund | Benchmark |
| Number of bonds | 38 | 34 |
| Yield to worst | 2.40% | 2.39% |
| Average coupon | 0.9% | 0.8% |
| Average maturity | 4.5 years | 4.5 years |
| Average quality | AA+ | AA+ |
| Average duration | 4.3 years | 4.3 years |
| Cash investment* | 0.3% | — |
| Turnover rate | 32% | — |

Translation (ENDE, 2023-11-30):
| Daten zum 30. November 2023 wenn nicht anders angegeben. |  |
| --- | --- |
| Fondsmerkmale | Fonds | Vergleichsindex |
| Anzahl Anleihen | 38 | 34 |
| Yield-to-Worst | 2,40% | 2,39% |
| Durchschnittlicher Kupon | 0,9% | 0,8% |
| Durchschnittliche Laufzeit | 4,5 jahre | 4,5 jahre |
| Durchschnittliche Qualität | AA+ | AA+ |
| Durchschnittliche Duration | 4,3 jahre | 4,3 jahre |
| Baranlagen* | 0,3% | — |
| Umschlagsrate | 32% | — |
### Investment manager
Vanguard Global Advisers, LLC Global Fixed Income Team
‡ 
Summary Risk Indicator
Performance summary
GBP—Vanguard U.S. Treasury Inflation-Protected Securities Index Fund
Benchmark — Bloomberg U.S. Government Inflation-Linked Bond 1-10 Year Index in GBP

Translation (ENDE, 2023-11-30):
### Investment Manager
Vanguard Global Advisers, LLC Global Fixed Income Team
‡ 
Zusammenfassender Risikoindikator
Zusammenfassung der Performance
GBP—Vanguard U.S. Treasury Inflation-Protected Securities Index Fund
Vergleichsindex — Bloomberg U.S. Government Inflation-Linked Bond 1-10 Year Index in GBP
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VHYG | BJGTNN7 | VHYG.L | VHYG LN | IVHYAGBP | — |
| USD | VHYA | BJGTNM6 | VHYA.L | VHYA LN | IVHYAUSD | — |
| Deutsche Börse EUR | VGWE | BJGTNR1 | VGWE.DE | VGWE GY | IVHYAEUR | — |

Translation (ENDE, 2022-08-31):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VHYG | BJGTNN7 | VHYG.L | VHYG LN | IVHYAGBP | — |
| USD | VHYA | BJGTNM6 | VHYA.L | VHYA LN | IVHYAUSD | — |
| Deutsche Börse EUR | VGWE | BJGTNR1 | VGWE.DE | VGWE GY | IVHYAEUR | — |
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | V3RE | BPK9PC8 | V3RE.L | V3RE LN | IV3REGBP | — |
| SIX Swiss Exchange CHF | V3RE | BPX3N56 | V3RE.S | V3RE SW | IV3RECHF | 118049937 |
| NYSE Euronext EUR | V3RE | BPNZPX4 | V3RE.AS | V3RE NA | IV3REEUR | — |
| Deutsche Börse EUR | V3RE | BKPHXR3 | V3RE.DE | V3RE GY | IV3REEUR | — |
| Borsa Italiana S.p.A. EUR | V3RE | BPX3N45 | V3REV.MI | V3RE IM | IV3REEUR | — |

Translation (ENDE, 2023-01-31):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | V3RE | BPK9PC8 | V3RE.L | V3RE LN | IV3REGBP | — |
| SIX Swiss Exchange CHF | V3RE | BPX3N56 | V3RE.S | V3RE SW | IV3RECHF | 118049937 |
| NYSE Euronext EUR | V3RE | BPNZPX4 | V3RE.AS | V3RE NA | IV3REEUR | — |
| Deutsche Börse EUR | V3RE | BKPHXR3 | V3RE.DE | V3RE GY | IV3REEUR | — |
| Borsa Italiana S.p.A. EUR | V3RE | BPX3N45 | V3REV.MI | V3RE IM | IV3REEUR | — |
Johnson & Johnson	0.7
Berkshire Hathaway Inc.	0.7
Top 10 approximately equals 18.6% of net assets
Data as at 28 February 2022

Translation (ENDE, 2022-02-28):
Johnson & Johnson	0,7
Berkshire Hathaway Inc.	0,7
Die zehn größten Positionen entsprechen in etwa 18,6 % des Nettovermögens
Daten wie bei 28. Februar 2022
| Data as at 31 October 2020 unless otherwise stated. Characteristics | Fund | Benchmark |
| --- | --- | --- |
| Number of bonds | 31 | 31 |
| Yield to worst | 0.05% | 0.05% |
| Average coupon | 2.8% | 2.7% |
| Average maturity | 29.4 years | 29.4 years |
| Average quality | AA+ | AA+ |
| Average duration | 22.9 years | 22.9 years |
| Cash investment* | 0.0% | — |
| Turnover rate | 21% | — |

Translation (ENDE, 2020-10-31):
| Daten wie bei 31. Oktober 2020 wenn nicht anders angegeben. Fondsmerkmale | Fonds | Vergleichsindex |
| --- | --- | --- |
| Anzahl Anleihen | 31 | 31 |
| Yield-to-Worst | 0,05% | 0,05% |
| Durchschnittlicher Kupon | 2,8% | 2,7% |
| Durchschnittliche Laufzeit | 29,4 jahre | 29,4 jahre |
| Durchschnittliche Qualität | AA+ | AA+ |
| Durchschnittliche Duration | 22,9 jahre | 22,9 jahre |
| Baranlagen* | 0,0% | — |
| Umschlagsrate | 21% | — |
| Characteristics | Fund | Benchmark |  | Top 10 holdings |  |
| --- | --- | --- | --- | --- | --- |
| Number of stocks | 1,492 | 1,570 |  | Taiwan Semiconductor Manufacturing Co. Ltd. | 2.0% |
| Median market cap | $60.7B | $60.4B |  | Johnson & Johnson | 2.0 |
| Price/earnings ratio | 14.6x | 14.6x |  | Procter & Gamble Co. | 1.8 |
| Price/book ratio | 1.4x | 1.4x |  | Nestle SA | 1.7 |
| Return on equity | 13.7% | 13.7% |  | JPMorgan Chase & Co. | 1.6 |
| Earnings growth rate | 7.1% | 7.1% |  | Samsung Electronics Co. Ltd. | 1.5 |
| Turnover rate | 23% | — |  | Verizon Communications Inc. | 1.3 |
| Equity yield (dividend) | 4.3% | 4.3% |  | Roche Holding AG | 1.3 |

Translation (ENDE, 2020-10-31):
| Fondsmerkmale | Fonds | Vergleichsindex |  | Positionen (Top 10) |  |
| --- | --- | --- | --- | --- | --- |
| Anzahl Aktien | 1.492 | 1.570 |  | Taiwan Semiconductor Manufacturing Co. Ltd. | 2,0% |
| Mittlere Marktkapitalisierung | $ 60,7 Mrd. | $ 60,4 Mrd. |  | Johnson & Johnson | 2,0 |
| Kurs-Gewinn-Verhältnis | 14,6x | 14,6x |  | Procter & Gamble Co. | 1,8 |
| Kurs-Buchwert-Verhältnis | 1,4x | 1,4x |  | Nestle SA | 1,7 |
| Eigenkapitalrendite (ROE) | 13,7% | 13,7% |  | JPMorgan Chase & Co. | 1,6 |
| Gewinnwachstumsrate | 7,1% | 7,1% |  | Samsung Electronics Co. Ltd. | 1,5 |
| Umschlagsrate | 23% | — |  | Verizon Communications Inc. | 1,3 |
| Aktienrendite (Dividende) | 4,3% | 4,3% |  | Roche Holding AG | 1,3 |
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VEVE | BKXH1W6 | VEVE.L | VEVE LN | IVEVEGBP | — |
| USD | VDEV | BKXH1V5 | VDEV.L | VDEV LN | IVDEVUSD | — |
| SIX Swiss Exchange CHF | VEVE | BRJ9051 | VEVE.S | VEVE SW | IVEVECHF | 25116456 |
| NYSE Euronext EUR | VEVE | BQWJ8K2 | VEVE.AS | VEVE NA | IVEVE | — |
| Deutsche Börse EUR | VGVE | BVVHQF3 | VGVE.DE | VGVE GY | IVEVE | — |
| Borsa Italiana S.p.A. EUR | VEVE | BGSF2F7 | VEVE.MI | VEVE IM | IVEVE | — |

Translation (ENDE, 2020-10-31):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VEVE | BKXH1W6 | VEVE.L | VEVE LN | IVEVEGBP | — |
| USD | VDEV | BKXH1V5 | VDEV.L | VDEV LN | IVDEVUSD | — |
| SIX Swiss Exchange CHF | VEVE | BRJ9051 | VEVE.S | VEVE SW | IVEVECHF | 25116456 |
| NYSE Euronext EUR | VEVE | BQWJ8K2 | VEVE.AS | VEVE NA | IVEVE | — |
| Deutsche Börse EUR | VGVE | BVVHQF3 | VGVE.DE | VGVE GY | IVEVE | — |
| Borsa Italiana S.p.A. EUR | VEVE | BGSF2F7 | VEVE.MI | VEVE IM | IVEVE | — |
| Characteristics | Fund | Benchmark |  | Top 10 holdings |  |
| --- | --- | --- | --- | --- | --- |
| Number of stocks | 2,191 | 2,141 |  | Apple Inc. | 3.9% |
| Median market cap | $72.9B | $72.9B |  | Microsoft Corp. | 3.4 |
| Price/earnings ratio | 22.5x | 22.5x |  | Amazon.com Inc. | 2.9 |
| Price/book ratio | 2.3x | 2.3x |  | Alphabet Inc. | 2.1 |
| Return on equity | 15.7% | 15.7% |  | Facebook Inc. | 1.4 |
| Earnings growth rate | 12.0% | 12.2% |  | Berkshire Hathaway Inc. | 0.9 |
| Turnover rate | -16% | — |  | Johnson & Johnson | 0.8 |
| Equity yield (dividend) | 2.2% | 2.2% |  | Procter & Gamble Co. | 0.7 |

Translation (ENDE, 2020-10-31):
| Fondsmerkmale | Fonds | Vergleichsindex |  | Positionen (Top 10) |  |
| --- | --- | --- | --- | --- | --- |
| Anzahl Aktien | 2.191 | 2.141 |  | Apple Inc. | 3,9% |
| Mittlere Marktkapitalisierung | $ 72,9 Mrd. | $ 72,9 Mrd. |  | Microsoft Corp. | 3,4 |
| Kurs-Gewinn-Verhältnis | 22,5x | 22,5x |  | Amazon.com Inc. | 2,9 |
| Kurs-Buchwert-Verhältnis | 2,3x | 2,3x |  | Alphabet Inc. | 2,1 |
| Eigenkapitalrendite (ROE) | 15,7% | 15,7% |  | Facebook Inc. | 1,4 |
| Gewinnwachstumsrate | 12,0% | 12,2% |  | Berkshire Hathaway Inc. | 0,9 |
| Umschlagsrate | -16% | — |  | Johnson & Johnson | 0,8 |
| Aktienrendite (Dividende) | 2,2% | 2,2% |  | Procter & Gamble Co. | 0,7 |
| Key ETF facts | Exchange ticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VHYL | B9FH310 | VHYL.L | VHYL LN | IVHYLGBP | — |
| USD | VHYD | B82D4M2 | VHYD.L | VHYD LN | IVHYDUSD | — |
| SIX Swiss Exchange CHF | VHYL | B975GH9 | VHYL.S | VHYL SW | IVHYLCHF | 20974572 |
| NYSE Euronext EUR | VHYL | B99L0L7 | VHYL.AS | VHYL NA | IVHYL | — |
| Deutsche Börse EUR | VGWD | BF49QQ5 | VGWD.DE | VGWD GY | IVHYL | — |
| Borsa Italiana S.p.A. EUR | VHYL | BGSF2B3 | VHYL.MI | VHYL IM | IVHYL | — |

Translation (ENDE, 2023-01-31):
| Wesentliche ETF-Daten | Börsenticker | SEDOL | Reuters | Bloomberg | Bloomberg iNav | Valoren |
| --- | --- | --- | --- | --- | --- | --- |
| London Stock Exchange GBP | VHYL | B9FH310 | VHYL.L | VHYL LN | IVHYLGBP | — |
| USD | VHYD | B82D4M2 | VHYD.L | VHYD LN | IVHYDUSD | — |
| SIX Swiss Exchange CHF | VHYL | B975GH9 | VHYL.S | VHYL SW | IVHYLCHF | 20974572 |
| NYSE Euronext EUR | VHYL | B99L0L7 | VHYL.AS | VHYL NA | IVHYL | — |
| Deutsche Börse EUR | VGWD | BF49QQ5 | VGWD.DE | VGWD GY | IVHYL | — |
| Borsa Italiana S.p.A. EUR | VHYL | BGSF2B3 | VHYL.MI | VHYL IM | IVHYL | — |
# 	Strategy allocation (% of net exposure)
Merger Arbitrage	51.00%
Cash equity exposure Gross exposure
94.28%
99.87%
Niche Arbitrage (incl. SPACs and
32.00%
Net exposure
99.34%
Back End)
Special situations	17.00%
Ø Market capitalisation	49.96 bn EUR Foreign currency exposure		4.32%
As of: 28. February 2023
Top 10 positions (excl. futures)
| Aareal Bank AG z.Verkauf eing.Inhaber-Aktien | 8.59% |
| --- | --- |
| va-Q-tec AG z.Umtausch eing.Namens-Aktien | 5.50% |
| European Healthcare Acq.+Grow. Aand.op | 4.63% |
| Hedosophia European Growth Reg.Shares EO-, | 4.01% |
| Rothschild & Co. SCA Actions Port. EO 2 | 3.99% |
| Schaltbau Holding AG Namens-Aktien o.N. | 3.88% |
| Shaw Communications Inc. Reg.N-Vtg Part.Shs B | 3.18% |
| 468 SPAC II SE Actions au Nom. EO 1 | 3.17% |
| Activision Blizzard Inc. Registered Shares DL-, | 3.07% |
| HolidayCheck Group AG Inhaber-Aktien o.N. | 2.93% |

Translation (ENDE, 2023-03-31):
# 	Strategieaufteilung (% des Nettoexposures)
|  | Aktienquote physisch | 94,28% |
| --- | --- | --- |
| Merger Arbitrage | 51,00% |  | Brutto-Exposure (exkl. Kasse) | 99,87% |
| Niche Arbitrage (inkl. SPACs und | 32,00% |  | Netto-Exposure (exkl. Kasse) | 99,34% |
| Back End)	Ø Marktkapitalisierung	49,96 Mrd. EUR Sondersituationen	17,00%	Fremdwährungsexposure	4,32% |

Stand: 28. Februar 2023
Solvabilitätskoeffizient
3
98,56%
3
Stand: 20. März 2023
Top 10 Positionen (exkl. Futures)
| Aareal Bank AG z.Verkauf eing.Inhaber-Aktien | 8,59% |
| --- | --- |
| va-Q-tec AG z.Umtausch eing.Namens-Aktien | 5,50% |
| European Healthcare Acq.+Grow. Aand.op | 4,63% |
| Hedosophia European Growth Reg.Shares EO-, | 4,01% |
| Rothschild & Co. SCA Actions Port. EO 2 | 3,99% |
| Schaltbau Holding AG Namens-Aktien o.N. | 3,88% |
| Shaw Communications Inc. Reg.N-Vtg Part.Shs B | 3,18% |
| 468 SPAC II SE Actions au Nom. EO 1 | 3,17% |
| Activision Blizzard Inc. Registered Shares DL-, | 3,07% |
| HolidayCheck Group AG Inhaber-Aktien o.N. | 2,93% |
# 	Currency exposure			Equity exposure over time (12 months)4
2.82%
1.95%
1.35%
1.34%
1.27%
1.24%
1.22%
1.21%
1.17%
4
As of: 31 March 2023

Translation (ENDE, 2023-03-31):
# 	Wertentwicklung in 12-Monats-Zeiträumen*
Aus rechtlichen Gründen darf keine unterjährige Wertentwicklung ausgewiesen werden.
Ertrags- und Risikokennzahlen
Ertrag lfd. Jahr
1 Jahr
3 Jahre p.a.
5 Jahre p.a. Seit Auflage
Seit Auflage p.a.
Value at Risk 99%/10 Tage ex-ante Volatilität p.a. (seit Auflage)
Max. hist. Kursrückgang (seit Auflage)
-0,02%
-
-
-
-6,31%
-
- 12,16%
8,94%
Sharpe Ratio (seit Auflage)	-0,97
	Aktien nach Branchen	
	Aktien nach Ländern	
	Währungsallokation	
	Kennzahlen des Fondsvermögens	
| Aktienquote physisch | 82,19% |
| --- | --- |
| Aktienexposure (inkl. Derivate) 4 | 67,31% |
| Ø Marktkapitalisierung | 347,25 Mrd. EUR |
| Fremdwährungsexposure | 74,87% |

	Top 10 Aktienpositionen	
| Apple Inc. Registered Shares o.N. | 4,90% |
| --- | --- |
| Microsoft Corp. Registered Shares DL-,00000625 | 2,82% |
| NVIDIA Corp. Registered Shares DL-,001 | 1,95% |
| Novo-Nordisk AS Navne-Aktier B DK -,20 | 1,35% |
| ASML Holding N.V. Aandelen op naam EO -,09 | 1,34% |
| AbbVie Inc. Registered Shares DL -,01 | 1,27% |
| Coca-Cola Co., The Registered Shares DL -,25 | 1,24% |
| Mastercard Inc. Registered Shares A DL -,0001 | 1,22% |
| McDonald`s Corp. Registered Shares DL-,01 | 1,21% |
| Merck & Co. Inc. Registered Shares DL-,01 | 1,17% |
| 	Aktienexposure im Zeitverlauf (12 Monate) 4 |  |

4
Stand: 31. März 2023
# 	Bonds by sector
Key figures
Ø Bond ratings	BBB-
Ø Years to maturity	21.24 years
Ø Macaulay duration incl. derivatives	3.85 years
Ø Effective duration incl. derivatives	3.65%
Ø Yield to maturity (in CHF)
2	
3.88%
Current yield of the bond portfolio	3.70%
Foreign currency exposure	1.31%
2
Indicative, based on 3-month hedging costs

Translation (ENDE, 2023-03-31):
# 	Anleihen nach Branchen
| Ø Anleihen-Rating | BBB- |
| --- | --- |
| Ø Restlaufzeit | 21,24 Jahre |
| Ø Macaulay Duration inkl. Derivate | 3,85 Jahre |
| Ø Effective Duration inkl. Derivate | 3,65% |
| Ø Rendite auf Endfälligkeit (in CHF) 2 | 3,88% |
| Laufende Verzinsung des Anleihenbestandes | 3,70% |
| Fremdwährungsexposure | 1,31% |

2
Indikativ, basierend auf 3-Monats-Hedging-Kosten
# 	Bonds by rating	
Italien, Republik BPCE S.A.
Credito Emiliano Holding S.p.A. Norddeutsche Landesbank -Girozentrale- Banca Monte dei Paschi di Siena S.p.A. Banco BPM S.p.A.
Banco de Sabadell S.A.
Crédit Immobilier de France Développement S. Hamburg Commercial Bank AG
Frankreich, Republik
7.00%
4.90%
4.59%
4.32%
3.68%
3.59%
2.92%
2.75%
2.47%
1.97%

Translation (ENDE, 2021-10-29):
# 	Anleihen nach Rating	
Italien, Republik BPCE S.A.
Credito Emiliano Holding S.p.A. Norddeutsche Landesbank -Girozentrale- Banca Monte dei Paschi di Siena S.p.A. Banco BPM S.p.A.
Banco de Sabadell S.A.
Crédit Immobilier de France Développement S. Hamburg Commercial Bank AG
Frankreich, Republik
7,00%
4,90%
4,59%
4,32%
3,68%
3,59%
2,92%
2,75%
2,47%
1,97%
| Ø Bond ratings | AA- |
| --- | --- |
| Ø Macaulay duration incl. derivatives | 0.98 years |
| Ø Effective duration incl. derivatives | 1.00% |
| Equity exposure incl. futures | 18.22% |
| Foreign currency exposure | -0.01% |
| Maximum historical drawdown (rolling 36 months) | 6.24% |

Translation (ENDE, 2020-09-30):
| Ø Anleihen-Rating | AA- |
| --- | --- |
| Ø Macaulay Duration inkl. Derivate | 0,98 Jahre |
| Ø Effective Duration inkl. Derivate | 1,00% |
| Aktienquote inkl. Futures | 18,22% |
| Fremdwährungsexposure | -0,01% |
| Max. hist. Kursrückgang (gleitend 36 Monate) | 6,24% |
# 	Bonds by rating	
Norddeutsche Landesbank -Girozentrale- Italien, Republik
Credito Emiliano Holding S.p.A. Hamburg Commercial Bank AG BNP Paribas S.A.
Banco de Sabadell S.A. Deutsche Bank AG AEGON N.V.
Frankreich, Republik
Société Fédérale de Participations et
7.58%
7.05%
3.78%
3.48%
3.15%
2.85%
2.66%
2.40%
2.29%
2.28%

Translation (ENDE, 2023-03-31):
# 	Anleihen nach Rating	
Norddeutsche Landesbank -Girozentrale- Italien, Republik
Credito Emiliano Holding S.p.A. Hamburg Commercial Bank AG BNP Paribas S.A.
Banco de Sabadell S.A. Deutsche Bank AG AEGON N.V.
Frankreich, Republik
Société Fédérale de Participations et
7,58%
7,05%
3,78%
3,48%
3,15%
2,85%
2,66%
2,40%
2,29%
2,28%
# 	Bonds by country	
Opportunities
Summary Risk Indicator (SRI)
Lower risk	Higher risk
Capital gains resulting from increasing bond prices
Professional asset management makes the most of the earnings potential of bonds
Broad diversification across individual bonds reduces the issuer risk
Good overall rating thanks to bonds with high issuer quality (investment grade)
Lower risk	Higher risk

Translation (ENDE, 2023-03-31):
# 	Anleihen nach Ländern	
Chancen
Gesamtrisikoindikator (SRI)
Geringes Risiko	Höheres Risiko
Kursgewinne durch steigende Kurse am Anleihenmarkt
Professionelles Anlagemanagement schöpft das Ertragspotenzial von Anleihen optimal aus
Breite Streuung in viele Einzelwerte reduziert das Schuldnerrisiko
Gute Gesamtbonität durch Anleihen mit hoher Schuldnerqualität (Investment Grade)
Geringes Risiko	Höheres Risiko
|  | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2022 | 1.71% | 0.88% | 3.49% | 4.30% | -2.32% | -1.52% | -2.44% | 0.96% | 2.87% |  |  |  | 7.95% |
| 2021 | -0.13% | 3.76% | -0.83% | 2.81% | 1.46% | -2.35% | -1.37% | -0.61% | -0.68% | 0.05% | -3.89% | 3.08% | 1.01% |
| 2020 | -3.73% | -3.90% | 4.81% | -1.16% | -1.31% | -0.94% | 1.84% | 2.39% | -2.86% | -1.92% | 4.35% | 3.20% | 0.24% |
| 2019 | -2.78% | 0.48% | 3.19% | 1.24% | 0.17% | 3.12% | 2.99% | 5.17% | -1.45% | -2.87% | 0.94% | 1.93% | 12.45% |
| 2018 |  |  |  |  |  | 2.04% | -2.37% | 2.23% | -3.32% | -3.05% | -3.39% | 4.38% | -3.74% |

Translation (ENDE, 2022-09-30):
|  | Jan | Feb | Mrz | Apr | Mai | Jun | Jul | Aug | Sep | Okt | Nov | Dez | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2022 | 1,71% | 0,88% | 3,49% | 4,30% | -2,32% | -1,52% | -2,44% | 0,96% | 2,87% |  |  |  | 7,95% |
| 2021 | -0,13% | 3,76% | -0,83% | 2,81% | 1,46% | -2,35% | -1,37% | -0,61% | -0,68% | 0,05% | -3,89% | 3,08% | 1,01% |
| 2020 | -3,73% | -3,90% | 4,81% | -1,16% | -1,31% | -0,94% | 1,84% | 2,39% | -2,86% | -1,92% | 4,35% | 3,20% | 0,24% |
| 2019 | -2,78% | 0,48% | 3,19% | 1,24% | 0,17% | 3,12% | 2,99% | 5,17% | -1,45% | -2,87% | 0,94% | 1,93% | 12,45% |
| 2018 |  |  |  |  |  | 2,04% | -2,37% | 2,23% | -3,32% | -3,05% | -3,39% | 4,38% | -3,74% |
# 	Strategy allocation (% of net exposure)
Merger Arbitrage	58.00%
Cash equity exposure Gross exposure
91.75%
97.87%
Niche Arbitrage (incl. SPACs and
31.00%
Net exposure
97.73%
Back End)
Special situations	11.00%
Ø Market capitalisation	49.05 bn EUR Foreign currency exposure		3.71%
As of: 31. March 2023
Top 10 positions (excl. futures)
| Aareal Bank AG z.Verkauf eing.Inhaber-Aktien | 8.70% |
| --- | --- |
| va-Q-tec AG z.Umtausch eing.Namens-Aktien | 5.58% |
| European Healthcare Acq.+Grow. Aand.op | 4.89% |
| Schaltbau Holding AG Namens-Aktien o.N. | 4.04% |
| Hedosophia European Growth Reg.Shares EO-, | 4.01% |
| Rothschild & Co. SCA Actions Port. EO 2 | 4.00% |
| 468 SPAC II SE Actions au Nom. EO 1 | 3.19% |
| Horizon Therapeutics PLC Registered Shares DL | 2.87% |
| HolidayCheck Group AG Inhaber-Aktien o.N. | 2.83% |
| OboTech Acquisition SE Actions au Nom. EO 1 | 2.57% |

Translation (ENDE, 2023-04-28):
# 	Strategieaufteilung (% des Nettoexposures)
|  | Aktienquote physisch | 91,75% |
| --- | --- | --- |
| Merger Arbitrage | 58,00% |  | Brutto-Exposure (exkl. Kasse) | 97,87% |
| Niche Arbitrage (inkl. SPACs und | 31,00% |  | Netto-Exposure (exkl. Kasse) | 97,73% |
| Back End)	Ø Marktkapitalisierung	49,05 Mrd. EUR Sondersituationen	11,00%	Fremdwährungsexposure	3,71% |

Stand: 31. März 2023
Solvabilitätskoeffizient
3
96,94%
3
Stand: 20. April 2023
Top 10 Positionen (exkl. Futures)
| Aareal Bank AG z.Verkauf eing.Inhaber-Aktien | 8,70% |
| --- | --- |
| va-Q-tec AG z.Umtausch eing.Namens-Aktien | 5,58% |
| European Healthcare Acq.+Grow. Aand.op | 4,89% |
| Schaltbau Holding AG Namens-Aktien o.N. | 4,04% |
| Hedosophia European Growth Reg.Shares EO-, | 4,01% |
| Rothschild & Co. SCA Actions Port. EO 2 | 4,00% |
| 468 SPAC II SE Actions au Nom. EO 1 | 3,19% |
| Horizon Therapeutics PLC Registered Shares DL | 2,87% |
| HolidayCheck Group AG Inhaber-Aktien o.N. | 2,83% |
| OboTech Acquisition SE Actions au Nom. EO 1 | 2,57% |