# DWS Invest Convertibles
DWS INVEST CONVERTIBLES

### Performance of share classes (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU0179219752 | -17.4% |
| Class FC | LU0179220412 | -17.2% |
| Class FC (CE) | LU0740833669 | -12.8% |
| Class FD | LU0616868518 | -17.2% |
| Class LC (CE) | LU0740833404 | -13.1% |
| Class LD | LU0179219919 | -17.4% |
| Class NC | LU0179220255 | -17.6% |
| Class PFC | LU1054326076 | -17.7% |
| Class RC (CE) | LU1483365398 | -12.7% |
| Class TFC | LU1663841507 | -17.2% |
| Class TFD | LU1663843032 | -17.2% |
| Class CHF FCH 1 | LU0616868195 | -17.2% |
| Class CHF LCH 1 | LU0616867890 | -17.5% |
| Class GBP DH RD 2 | LU0399358133 | -16.8% |
| Class SEK FCH 3 | LU1282658647 | -17.2% |
| Class SEK LCH 3 | LU1282658720 | -17.4% |
| Class USD FCH 4 | LU0273179522 | -16.6% |
| Class USD LCH 4 | LU0273170141 | -16.8% |
| Class USD TFCH 4 | LU1663844279 | -16.6% |

1 
in CHF
2 
in GBP
3 
in SEK
4 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2022
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest Convertibles
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Institutions | 657 617 042.57 | 97.48 |
| Total bonds | 657 617 042.57 | 97.48 |
| 2. Derivatives | -5 717 614.43 | -0.85 |
| 3. Cash at bank | 29 030 676.69 | 4.30 |
| 4. Other assets | 3 839 256.28 | 0.57 |
| 5. Receivables from share certificate transactions | 103 465.69 | 0.02 |
| II. Liabilities |  |  |
| 1. Short-term liabilities | -3 316 650.62 | -0.49 |
| 2. Other liabilities | -4 610 858.22 | -0.69 |
| 3. Liabilities from share certificate transactions | -2 320 668.51 | -0.34 |
| III. Net assets | 674 624 649.45 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | 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 |  |  |  |  |  | 618 189 019.11 | 91.64 |
| Interest-bearing securities |  |  |  |  |  |  |  |
| 2.30 | % DEXUS Finance Pty Ltd (MTN) 2019/2026 ......  | AUD | 20 300 000 |  | 2 000 000 | % | 94.639 | 12 731 888.31 | 1.89 |
| 0.15 | % Sika AG (MTN) 2018/2025  ..................  | CHF | 2 000 000 | 2 000 000 |  | % | 123.866 | 2 488 616.01 | 0.37 |
| 0.05 | % adidas AG (MTN) 2018/2023 .................  | EUR | 6 400 000 | 6 400 000 |  | % | 98.249 | 6 287 936.00 | 0.93 |
| 0.00 | % America Movil BV 2021/2024 * ...............  | EUR | 15 800 000 | 3 000 000 |  | % | 110.723 | 17 494 234.00 | 2.59 |
| 0.00 | % ANLLIAN Capital Ltd (MTN) 2020/2025 ........  | EUR | 5 000 000 | 5 000 000 |  | % | 114.954 | 5 747 700.00 | 0.85 |
| 0.00 | % Barclays Bank Plc 2022/2025 ................  | EUR | 5 900 000 | 5 900 000 |  | % | 98.607 | 5 817 813.00 | 0.86 |
| 0.50 | % BE Semiconductor Industries NV (MTN) 2017/2024 * ..............................  | EUR | 3 000 000 | 3 000 000 |  | % | 108.434 | 3 253 020.00 | 0.48 |
| 0.00 | % BNP Paribas SA 2022/2025 ..................  | EUR | 2 200 000 | 2 200 000 |  | % | 106.138 | 2 335 036.00 | 0.35 |
| 0.75 | % Cellnex Telecom SA 2020/2031 ..............  | EUR | 8 000 000 |  |  | % | 68.426 | 5 474 080.00 | 0.81 |
| 0.00 | % Criteria Caixa SA 2021/2025 .................  | EUR | 4 000 000 | 4 000 000 |  | % | 90.574 | 3 622 960.00 | 0.54 |
| 2.00 | % Deutsche Lufthansa AG (MTN) 2020/2025 ......  | EUR | 5 800 000 |  |  | % | 92.669 | 5 374 802.00 | 0.80 |
| 0.05 | % Deutsche Post AG (MTN) 2017/2025 ..........  | EUR | 8 000 000 | 8 000 000 |  | % | 99.232 | 7 938 560.00 | 1.18 |
| 0.00 | % DiaSorin SpA (MTN) 2021/2028 ..............  | EUR | 4 600 000 |  |  | % | 82.502 | 3 795 092.00 | 0.56 |
| 0.00 | % Edenred (MTN) 2021/2028 ..................  | EUR | 10 000 000 | 2 900 000 |  | % | 59.241 | 5 924 100.00 | 0.88 |
| 0.00 | % Electricite de France SA 2020/2024 ...........  | EUR | 111 000 000 | 66 000 000 | 50 000 000 | % | 11.56 | 12 831 600.00 | 1.90 |
| 0.00 | % Fresenius SE & Co. KGaA (MTN) 2017/2024 ....  | EUR | 8 000 000 | 8 000 000 |  | % | 95.616 | 7 649 280.00 | 1.13 |
| 0.00 | % Geely Sweden Financials Holding AB (MTN) 2019/2024 ...............................  | EUR | 4 100 000 |  |  | % | 107.353 | 4 401 473.00 | 0.65 |
| 0.00 0.625 | % GN Store Nord A/S (MTN) 2019/2024 ..........  % International Consolidated Airlines Group SA | EUR | 5 000 000 | 5 000 000 |  | % | 91.71 | 4 585 500.00 | 0.68 |
| (MTN) 2015/2022 .........................  | EUR | 5 500 000 | 1 000 000 | % | 98.592 | 5 422 560.00 | 0.80 |
| 1.125 | % International Consolidated Airlines Group SA (MTN) 2021/2028 .........................  | EUR | 7 000 000 |  |  | % | 67.677 | 4 737 390.00 | 0.70 |
| 0.00 | % JPMorgan Chase Bank NA 2021/2024 .........  | EUR | 4 000 000 | 4 000 000 |  | % | 97.318 | 3 892 720.00 | 0.58 |
| 0.00 | % JPMorgan Chase Financial Co., LLC 2022/2025 * ..............................  | EUR | 4 000 000 | 4 000 000 |  | % | 106.67 | 4 266 800.00 | 0.63 |
| 0.625 | % Just Eat Takeaway.com NV (MTN) 2021/2028 * ..  | EUR | 6 700 000 |  | 3 100 000 | % | 51.828 | 3 472 476.00 | 0.52 |
| 0.40 | % LEG Immobilien SE (MTN) 2020/2028 .........  | EUR | 4 400 000 |  |  | % | 76.67 | 3 373 480.00 | 0.50 |
| 0.00 | % Mondelez International Holdings Netherlands BV 2021/2024 ...............................  | EUR | 6 000 000 | 6 000 000 |  | % | 98.226 | 5 893 560.00 | 0.87 |
| 0.00 | % Nexi SpA (MTN) 2021/2028 .................  | EUR | 14 800 000 |  |  | % | 64.152 | 9 494 496.00 | 1.41 |
| 0.00 | % Pirelli & C SpA (MTN) 2020/2025 * ............  | EUR | 3 000 000 | 3 000 000 |  | % | 89.554 | 2 686 620.00 | 0.40 |
| 0.00 | % POSCO Holdings, Inc. (MTN) 2021/2026 .......  | EUR | 12 000 000 | 2 000 000 |  | % | 93.137 | 11 176 440.00 | 1.66 |
| 0.00 | % Prysmian SpA (MTN) 2021/2026 *.............  | EUR | 9 800 000 |  |  | % | 90.887 | 8 906 926.00 | 1.32 |
| 0.00 | % RAG-Stiftung (MTN) 2020/2026 ..............  | EUR | 3 000 000 | 8 000 000 | 8 400 000 | % | 93.253 | 2 797 590.00 | 0.42 |
| 0.00 | % Selena Sarl (MTN) 2020/2025 ................  | EUR | 5 000 000 | 1 000 000 |  | % | 94.499 | 4 724 950.00 | 0.70 |
| 0.00 | % SGX Treasury I Pte Ltd 2021/2024 ............  | EUR | 6 000 000 | 2 000 000 |  | % | 99.002 | 5 940 120.00 | 0.88 |
| 0.00 | % Ubisoft Entertainment SA (MTN) 2019/2024 ....  | EUR | 3 800 000 | 3 800 000 |  | % | 107.206 | 4 073 828.00 | 0.60 |
| 0.00 | % Umicore SA (MTN) 2020/2025 ...............  | EUR | 5 800 000 |  |  | % | 88.312 | 5 122 096.00 | 0.76 |
| 0.00 | % Zhejiang Expressway Co., Ltd (MTN) 2021/2026 . | EUR | 5 400 000 |  |  | % | 109.963 | 5 938 002.00 | 0.88 |
| 0.00 | % China Conch Venture Holdings International Ltd (MTN) 2018/2023 .........................  | HKD | 21 000 000 |  | 35 000 000 | % | 106.714 | 2 742 144.51 | 0.41 |
| 0.00 | % Citigroup Global Markets Funding Luxembourg SCA 2020/2024 ...........................  | HKD | 40 000 000 |  |  | % | 103.832 | 5 082 072.48 | 0.75 |
| 0.00 | % Zhongsheng Group Holdings Ltd (MTN) 2020/2025 * ..............................  | HKD | 22 000 000 |  |  | % | 131.5 | 3 539 957.74 | 0.53 |
| 0.00 | % CyberAgent, Inc. (MTN) 2018/2025 ...........  | JPY | 320 000 000 |  |  | % | 110.427 | 2 496 191.79 | 0.37 |
| 0.00 | % Koei Tecmo Holdings Co., Ltd 2021/2024  ......  | JPY | 500 000 000 |  |  | % | 106.311 | 3 754 921.88 | 0.56 |
| 0.00 | % Mercari, Inc. (MTN) 2021/2028 ...............  | JPY | 850 000 000 |  |  | % | 82.101 | 4 929 695.24 | 0.73 |
| 0.00 | % Nippon Steel Corp. (MTN) 2021/2026 ..........  | JPY | 1 410 000 000 |  |  | % | 102.768 | 10 235 986.78 | 1.52 |
| 0.00 | % Rohm Co., Ltd (MTN) 2019/2024 .............  | JPY | 750 000 000 | 200 000 000 |  | % | 101.6 | 5 382 792.89 | 0.80 |
| 1.625 | % Singapore Airlines Ltd (MTN) 2020/2025 .......  | SGD | 17 500 000 |  |  | % | 104.05 | 12 551 507.02 | 1.86 |
| 0.00 | % Airbnb, Inc. (MTN) 2021/2026 ................  | USD | 17 500 000 | 17 500 000 |  | % | 82.938 | 13 935 151.53 | 2.07 |
| 0.125 | % Akamai Technologies, Inc. (MTN) 2018/2025 ....  | USD | 6 660 000 |  | 2 000 000 | % | 109.465 | 6 999 541.60 | 1.04 |
| 0.375 | % Akamai Technologies, Inc. (MTN) 2019/2027 ....  | USD | 9 318 000 |  |  | % | 99.12 | 8 867 559.03 | 1.31 |
| 0.925 | % BASF SE (MTN) 2017/2023 ..................  | USD | 16 500 000 | 16 500 000 |  | % | 97.95 | 15 517 025.47 | 2.30 |
| 3.00 | % Bharti Airtel Ltd -Reg- (MTN) 2020/2025 .......  | USD | 5 260 000 |  |  | % | 123.26 | 6 224 837.18 | 0.92 |
| 0.00 | % Bill.com Holdings, Inc. (MTN) 2020/2025 .......  | USD | 3 000 000 | 3 000 000 |  | % | 100.215 | 2 886 516.70 | 0.43 |
| 1.25 | % BioMarin Pharmaceutical, Inc. (MTN) 2020/2027 . | USD | 2 505 000 |  |  | % | 100.108 | 2 407 668.02 | 0.36 |
| 0.00 | % Blackline, Inc. (MTN) 2021/2026 ..............  | USD | 8 100 000 | 10 600 000 | 2 500 000 | % | 80.136 | 6 232 076.39 | 0.92 |
| 0.25 | % Block, Inc. (MTN) 2020/2027 ................  | USD | 8 449 000 |  | 6 000 000 | % | 73.637 | 5 973 398.46 | 0.89 |
| 0.75 | % Booking Holdings, Inc. (MTN) 2020/2025 .......  | USD | 3 500 000 | 3 500 000 | 2 430 000 | % | 119.056 | 4 000 731.63 | 0.59 |
| 0.00 | % Cable One, Inc. (MTN) 2021/2026 ............  | USD | 3 000 000 | 3 000 000 |  | % | 82.057 | 2 363 507.47 | 0.35 |
| 0.00 | % Carrefour SA (MTN) 2017/2023  ..............  | USD | 7 000 000 | 2 000 000 |  | % | 96.013 | 6 452 799.46 | 0.96 |
| 0.375 | % Coupa Software, Inc. (MTN) 2020/2026 ........  | USD | 5 601 000 |  | 5 000 000 | % | 75.674 | 4 069 418.47 | 0.60 |
| 0.00 | % CyberArk Software Ltd (MTN) 2019/2024  ......  | USD | 8 869 000 |  |  | % | 107.63 | 9 164 907.45 | 1.36 |
| 0.25 | % Dexcom, Inc. (MTN) 2020/2025 * .............  | USD | 6 059 000 |  |  | % | 92.156 | 5 360 985.80 | 0.79 |
| 0.00 | % Dropbox, Inc. (MTN) 2021/2028 ..............  | USD | 13 383 000 | 13 383 000 |  | % | 88.154 | 11 327 017.98 | 1.68 |
| 3.25 | % ELM BV for Swiss Re Ltd (MTN) 2018/2024 ....  | USD | 2 600 000 | 2 600 000 |  | % | 97.916 | 2 444 258.31 | 0.36 |
| 0.25 | % Etsy, Inc. (MTN) 2021/2028 .................  | USD | 5 500 000 | 5 500 000 |  | % | 72.509 | 3 828 905.90 | 0.57 |
| 0.375 | % Exact Sciences Corp. (MTN) 2020/2028 ........  | USD | 6 283 000 |  | 8 000 000 | % | 69.75 | 4 211 039.31 | 0.62 |
| 0.00 | % Ford Motor Co. (MTN) 2021/2026  ............  | USD | 8 657 000 | 13 657 000 | 5 000 000 | % | 91.524 | 7 607 159.08 | 1.13 |
| 0.00 | % Glencore Funding LLC (MTN) 2018/2025 * ......  | USD | 7 600 000 | 7 600 000 |  | % | 101.479 | 7 404 740.78 | 1.10 |
| 0.00 | % Globalwafers Co., Ltd (MTN) 2021/2026  .......  | USD | 7 800 000 |  |  | % | 86.728 | 6 494 923.24 | 0.96 |
| 0.25 | % Halozyme Therapeutics, Inc. (MTN) 2021/2027 ..  | USD | 4 253 000 | 4 253 000 |  | % | 88.767 | 3 624 657.82 | 0.54 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period |  | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0.00 % Hon Hai Precision Industry Co., Ltd (MTN) 2021/2026 ...............................  | USD | 12 000 000 |  |  | % | 89.208 | 10 277 917.74 | 1.52 |
| 0.00 % Illumina, Inc. (MTN) 2018/2023 ...............  | USD | 4 000 000 | 4 000 000 |  | % | 95.608 | 3 671 760.23 | 0.54 |
| 0.375 % Insulet Corp. (MTN) 2019/2026 ...............  | USD | 4 000 000 | 4 000 000 |  | % | 113.902 | 4 374 328.86 | 0.65 |
| 0.50 % Integra LifeSciences Holdings Corp. (MTN) 2020/2025 ...............................  | USD | 9 342 000 | 2 000 000 |  | % | 95.349 | 8 552 165.45 | 1.27 |
| 2.00  % Jazz Investments I Ltd (MTN) 2020/2026 .......  | USD | 9 355 000 |  |  | % | 117.739 | 10 575 093.68 | 1.57 |
| 1.50  % LG Display Co., Ltd (MTN) 2019/2024 .........  | USD | 5 400 000 |  |  | % | 99.501 | 5 158 712.13 | 0.76 |
| 0.50  % Lumentum Holdings, Inc. (MTN) 2019/2026  ....  | USD | 7 877 000 | 2 500 000 |  | % | 103.164 | 7 802 056.78 | 1.16 |
| 0.00  % Marriott Vacations Worldwide Corp. (MTN) 2021/2026 ...............................  | USD | 3 000 000 | 5 020 000 | 2 020 000 | % | 91.006 | 2 621 267.66 | 0.39 |
| 2.25  % Neurocrine Biosciences, Inc. (MTN) 2017/2024 ..  | USD | 4 800 000 |  |  | % | 132.065 | 6 086 239.83 | 0.90 |
| 0.00  % Nice Ltd (MTN) 2020/2025 ..................  | USD | 8 496 000 |  |  | % | 98.422 | 8 028 358.89 | 1.19 |
| 0.375 % Okta, Inc. (MTN) 2020/2026 .................  | USD | 15 000 000 | 6 536 000 |  | % | 85.2 | 12 270 180.24 | 1.82 |
| 0.00  % ON Semiconductor Corp. (MTN) 2021/2027 .....  | USD | 2 500 000 | 2 500 000 | 10 000 000 | % | 116.75 | 2 802 315.23 | 0.42 |
| 0.00  % ON Semiconductor Corp. (MTN) 2021/2027 .....  | USD | 8 500 000 | 8 500 000 |  | % | 114.262 | 9 324 828.13 | 1.38 |
| 1.00  % Qiagen NV (MTN) 2018/2024 ................  | USD | 7 400 000 |  |  | % | 110.427 | 7 845 616.62 | 1.16 |
| 0.00  % Qiagen NV (MTN) 2020/2027 ................  | USD | 10 200 000 | 2 000 000 |  | % | 86.231 | 8 444 689.44 | 1.25 |
| 0.25  % Rapid7, Inc. (MTN) 2021/2027 ...............  | USD | 3 400 000 | 8 000 000 | 4 600 000 | % | 91.396 | 2 983 501.05 | 0.44 |
| 0.00  % RingCentral, Inc. (MTN) 2020/2026 ............  | USD | 4 000 000 |  | 3 000 000 | % | 75.488 | 2 899 065.31 | 0.43 |
| 0.125 % Shopify, Inc. (MTN) 2020/2025 ...............  | USD | 6 788 000 |  | 2 668 000 | % | 84.05 | 5 477 717.62 | 0.81 |
| 0.00  % Snap, Inc. (MTN) 2021/2027 .................  | USD | 11 554 000 | 11 554 000 |  | % | 71.066 | 7 883 413.80 | 1.17 |
| 0.00  % SolarEdge Technologies, Inc. (MTN) 2020/2025 ..  | USD | 8 000 000 | 8 000 000 |  | % | 117.978 | 9 061 729.73 | 1.34 |
| 1.25  % Southwest Airlines Co. (MTN) 2020/2025  ......  | USD | 4 000 000 | 4 000 000 |  | % | 116.182 | 4 461 890.71 | 0.66 |
| 1.125 % Splunk, Inc. (MTN) 2018/2025 ...............  | USD | 9 083 000 |  |  | % | 94.38 | 8 230 559.82 | 1.22 |
| 1.125 % Splunk, Inc. (MTN) 2020/2027 ...............  | USD | 6 400 000 |  |  | % | 83.21 | 5 112 997.55 | 0.76 |
| 0.00  % Spotify USA, Inc. (MTN) 2021/2026 ...........  | USD | 6 400 000 | 11 400 000 | 5 000 000 | % | 80.051 | 4 918 886.75 | 0.73 |
| 0.00 % STMicroelectronics NV (MTN) 2020/2027 ......  | USD | 9 800 000 |  |  | % | 99.695 | 9 380 360.78 | 1.39 |
| 0.00  % Taiwan Cement Corp. (MTN) 2021/2026 .......  | USD | 9 500 000 | 2 500 000 |  | % | 90.172 | 8 224 611.57 | 1.22 |
| 0.25  % Twitter, Inc. (MTN) 2018/2024 ...............  | USD | 5 358 000 | 2 500 000 |  | % | 98.307 | 5 057 166.37 | 0.75 |
| 0.00  % Vail Resorts, Inc. (MTN) 2020/2026 ...........  | USD | 6 351 000 |  | 3 000 000 | % | 87.957 | 5 363 306.41 | 0.80 |
| 1.50  % Western Digital Corp. (MTN) 2018/2024 . . . . . . . . | USD | 4 500 000 | 4 500 000 |  | % | 95.523 | 4 127 057.84 | 0.61 |
| 0.00  % Win Semiconductors Corp. (MTN) 2021/2026 ...  | USD | 5 200 000 |  |  | % | 85.524 | 4 269 838.38 | 0.63 |
| 0.00  % Xero Investments Ltd (MTN) 2020/2025 * ......  | USD | 6 511 000 |  |  | % | 78.98 | 4 937 247.67 | 0.73 |
| 0.625 % Zendesk, Inc. (MTN) 2020/2025 ..............  | USD | 7 500 000 | 7 500 000 |  | % | 97.18 | 6 997 747.16 | 1.04 |
| 2.75  % Zillow Group, Inc. (MTN) 2020/2025 ...........  | USD | 3 500 000 | 3 500 000 |  | % | 94.589 | 3 178 547.95 | 0.47 |
| Securities admitted to or included in organized markets |  |  |  |  |  |  | 24 331 143.17 | 3.61 |
| Interest-bearing securities 0.25 % Avalara, Inc. -144A- (MTN) 2021/2026 .........  | USD | 7 500 000 | 2 000 000 | 1 500 000 | % | 78.52 | 5 654 076.01 | 0.84 |
| 0.00  % Bill.com Holdings, Inc. -144A- (MTN) 2021/2027 . | USD | 3 000 000 |  |  | % | 77.925 | 2 244 492.48 | 0.33 |
| 0.00 % Cloudflare, Inc. -144A- (MTN) 2021/2026 .......  0.875 % Match Group Financeco 2, Inc. -144A- (MTN) 2019/2026 ...............................  | USD USD | 3 000 000 6 500 000 | 6 500 000 | 4 000 000 | % % | 78.25 104.066 | 2 253 853.53 6 494 448.95 | 0.34 0.96 |
| 0.125 % Snap, Inc. -144A- (MTN) 2022/2028 ...........  | USD | 5 000 000 | 5 000 000 |  | % | 70.503 | 3 384 524.72 | 0.50 |
| 1.75  % Ziff Davis, Inc. -144A- (MTN) 2019/2026 ........  | USD | 4 660 000 |  |  | % | 96.103 | 4 299 747.48 | 0.64 |
| Unlisted securities |  |  |  |  |  |  | 15 096 880.29 | 2.23 |
| Interest-bearing securities 0.375 % Bentley Systems, Inc. -144A- (MTN) 2021/2027  . | USD | 10 000 000 |  |  | % | 78.263 | 7 514 093.24 | 1.11 |
| 0.25  % Tyler Technologies, Inc. (MTN) 2021/2026 ......  | USD | 8 400 000 | 8 400 000 |  | % | 94.022 | 7 582 787.05 | 1.12 |
| Total securities portfolio |  |  |  |  |  |  | 657 617 042.57 | 97.48 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | -5 717 614.43 | -0.85 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |  |  |  |
| Open positions CHF/EUR 14.4 million ...............................  |  |  |  |  |  |  | 261 272.97 | 0.04 |
| GBP/EUR 3.1 million ................................  |  |  |  |  |  |  | -5 185.62 | 0.00 |
| SEK/EUR 1.1 million.................................  |  |  |  |  |  |  | -411.28 | 0.00 |
| Forward currency transactions (short) |  |  |  |  |  |  |  |  |
| Open positions EUR/AUD 12.7 million ...............................  |  |  |  |  |  |  | 119 975.40 | 0.02 |
| EUR/HKD 51.6 million ...............................  |  |  |  |  |  |  | -127 926.45 | -0.02 |
| EUR/JPY 2 510.6 million .............................  |  |  |  |  |  |  | 745 589.82 | 0.11 |
| EUR/SGD 10.4 million ...............................  |  |  |  |  |  |  | -79 101.11 | -0.01 |
| EUR/USD 240.2 million ..............................  |  |  |  |  |  |  | -4 811 562.92 | -0.72 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Closed positions EUR/AUD 3.9 million ................................  |  |  |  | 67 152.74 | 0.01 |
| EUR/GBP 5.8 million ................................  |  |  |  | 53 612.76 | 0.01 |
| EUR/HKD 15.9 million ...............................  |  |  |  | -9 495.01 | 0.00 |
| EUR/JPY 2 881.2 million .............................  |  |  |  | 671 580.84 | 0.10 |
| EUR/SGD 3.2 million ................................  |  |  |  | -2 403.93 | 0.00 |
| EUR/USD 320.2 million ..............................  |  |  |  | -2 600 712.64 | -0.39 |
| Cash at bank |  |  |  | 29 030 676.69 | 4.30 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  | 27 688 408.88 | 4.10 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |
| Swedish krona .....................................  | SEK | 1 727 158 |  | 161 259.02 | 0.02 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 358 723 |  | 237 730.79 | 0.04 |
| British pound .....................................  | GBP | 102 236 |  | 119 374.35 | 0.02 |
| Hong Kong dollar ..................................  | HKD | 1 130 914 |  | 138 381.85 | 0.02 |
| Japanese yen......................................  | JPY | 20 862 099 |  | 147 370.55 | 0.02 |
| Swiss franc .......................................  | CHF | 136 462 |  | 137 084.71 | 0.02 |
| Singapore dollar ...................................  | SGD | 577 325 |  | 397 956.82 | 0.06 |
| South Korean won ..................................  | KRW | 4 205 427 |  | 3 109.72 | 0.00 |
| Other assets |  |  |  | 3 839 256.28 | 0.57 |
| Prepaid placement fee ** ............................  |  |  |  | 1 039.06 | 0.00 |
| Interest receivable .................................  |  |  |  | 727 079.51 | 0.11 |
| Other receivables ..................................  |  |  |  | 3 111 137.71 | 0.46 |
| Receivables from share certificate transactions |  |  |  | 103 465.69 | 0.02 |
| Total assets *** |  |  |  | 692 509 625.76 | 102.66 |
| Short-term liabilities |  |  |  | -3 316 650.62 | -0.49 |
| Loans in non-EU/EEA currencies |  |  |  |  |  |
| U.S. dollar ........................................  | USD | -3 454 456 |  | -3 316 650.62 | -0.49 |
| Other liabilities |  |  |  | -4 610 858.22 | -0.69 |
| Liabilities from cost items ...........................  |  |  |  | -1 237 578.22 | -0.19 |
| Additional other liabilities.............................  |  |  |  | -3 373 280.00 | -0.50 |
| Liabilities from share certificate transactions |  |  |  | -2 320 668.51 | -0.34 |
| Total liabilities |  |  |  | -17 884 976.31 | -2.66 |
| Net assets |  |  |  | 674 624 649.45 | 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 CHF FCH ....................................  | CHF | 131.79 |
| Class CHF LCH ....................................  | CHF | 100.64 |
| Class FC .........................................  | EUR | 185.99 |
| Class FC(CE) ......................................  | EUR | 160.90 |
| Class FD .........................................  | EUR | 109.03 |
| Class LC (CE)......................................  | EUR | 128.91 |
| Class LC .........................................  | EUR | 167.04 |
| Class LD .........................................  | EUR | 157.47 |
| Class NC .........................................  | EUR | 154.79 |
| Class PFC ........................................  | EUR | 99.37 |
| Class RC (CE) .....................................  | EUR | 117.32 |
| Class TFC.........................................  | EUR | 98.62 |
| Class TFD.........................................  | EUR | 97.49 |
| Class GBP DH RD ..................................  | GBP | 173.56 |
| Class SEK FCH ....................................  | SEK | 1 039.79 |
| Class SEK LCH ....................................  | SEK | 1 001.87 |
| Class USD FCH ....................................  | USD | 197.03 |
| Class USD LCH ....................................  | USD | 182.20 |
| Class USD TFCH ...................................  | USD | 107.88 |

| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Number of shares outstanding |  |  |
| Class CHF FCH ....................................  | Count | 108 110.014 |
| Class CHF LCH ....................................  | Count | 1 220.760 |
| Class FC .........................................  | Count | 872 781.531 |
| Class FC(CE) ......................................  | Count | 573 595.628 |
| Class FD .........................................  | Count | 77 087.000 |
| Class LC (CE)......................................  | Count | 5 518.000 |
| Class LC .........................................  | Count | 1 282 944.095 |
| Class LD .........................................  | Count | 114 164.888 |
| Class NC .........................................  | Count | 134 900.784 |
| Class PFC ........................................  | Count | 14 812.000 |
| Class RC (CE) .....................................  | Count | 676 368.000 |
| Class TFC.........................................  | Count | 2 852.831 |
| Class TFD.........................................  | Count | 2 210.000 |
| Class GBP DH RD ..................................  | Count | 4 111.975 |
| Class SEK FCH ....................................  | Count | 1 050.000 |
| Class SEK LCH ....................................  | Count | 32.000 |
| Class USD FCH ....................................  | Count | 256 383.213 |
| Class USD LCH ....................................  | Count | 66 733.759 |
| Class USD TFCH ...................................  | Count | 8 374.000 |

Composition of the reference portfolio (according to CSSF circular 11/512)
25% Citi – EuroBIG Corporate Index-A sector, 25% Citi – WorldBIG Corporate A in EUR, 25% MSCI THE WORLD INDEX in EUR, 25% STOXX 50
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 47.970 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 120.412 |
| Average market risk exposure  .......................  | % | 87.452 |

The values-at-risk were calculated for the period from January 1, 2022, through June 30, 2022, 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 1.2, 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 929 999 860.96 as of the reporting date. Does not include any forward currency transactions entered into for currency hedging purposes at the level of the share classes.
 Market abbreviations	 Contracting parties for forward currency transactions
Barclays Bank Ireland PLC, Crédit Suisse Bank Europe, Deutsche Bank AG, HSBC France, Nomura Financial Products Europe GmbH, Royal Bank of Canada (UK), Société Générale, State Street Bank International GmbH, Toronto Dominion Bank and UBS AG.

####  Securities lending	
The following securities were transferred under securities loans at the reporting date:
| Security name | Currency/ quantity/ principal amount | Quantity/ principal amount | Securities loans Total market value in EUR No fixed maturity | Total |
| --- | --- | --- | --- | --- |
| 0.00 % America Movil BV 2021/2024 .......................... . . . . . . . . . . . . . . . . . . | EUR | 2 400 000 | 2 657 352.00 |  |
| 0.50  % BE Semiconductor Industries NV (MTN) 2017/2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . | EUR | 100 000 | 108 434.00 |  |
| 0.00  % JPMorgan Chase Financial Co., LLC 2022/2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | EUR | 1 500 000 | 1 600 050.00 |  |
| 0.625 % Just Eat Takeaway.com NV (MTN) 2021/2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | EUR | 5 100 000 | 2 643 228.00 |  |
| 0.00 % Pirelli & C SpA (MTN) 2020/2025 ....................... . . . . . . . . . . . . . . . . . . | EUR | 2 000 000 | 1 791 080.00 |  |
| 0.00 % Prysmian SpA (MTN) 2021/2026 ........................ . . . . . . . . . . . . . . . . . . | EUR | 2 500 000 | 2 272 175.00 |  |
| 0.00 % Zhongsheng Group Holdings Ltd (MTN) 2020/2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . | HKD | 6 000 000 | 965 443.02 |  |
| 0.25 % Dexcom, Inc. (MTN) 2020/2025 ........................ . . . . . . . . . . . . . . . . . . | USD | 3 000 000 | 2 654 391.39 |  |
| 0.00 % Glencore Funding LLC (MTN) 2018/2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | USD | 3 000 000 | 2 922 924.00 |  |
| 0.00 % Xero Investments Ltd (MTN) 2020/2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | USD | 3 000 000 | 2 274 879.90 |  |
| Total receivables from securities loans |  |  | 19 889 957.31 | 19 889 957.31 |

Contracting parties for securities loans
Barclays Bank Ireland PLC EQ, BNP Paribas Arbitrage SNC, BofA Securities Europe SA EQ, Crédit Suisse Securities Sociedad de Valores S.A. FI, J.P. Morgan AG EQ, J.P. Morgan AG FI, Morgan Stanley Europe SE EQ, Morgan Stanley Europe SE FI, UBS AG London Branch, Unicredit Bank AG
| Total collateral pledged by third parties for securities loans | EUR | 21 903 195.27 |
| --- | --- | --- |
| thereof: |  |  |
| Bonds | EUR | 3 919 799.94 |
| Equities | EUR | 17 979 243.26 |
| Cash at bank | EUR | 4 152.07 |

| Exchange rates (indirect quotes) |  |
| --- | --- |
|  |  | As of June 30, | 2022 |
| Australian dollar	AUD | 1.508945 | = EUR | 1 |
| Swiss franc	CHF | 0.995461 | = EUR | 1 |
| British pound	GBP | 0.856432 | = EUR | 1 |
| Hong Kong dollar	HKD | 8.172414 | = EUR | 1 |
| Japanese yen	JPY | 141.562199 | = EUR | 1 |
| South Korean won	KRW | 1 352.347861 | = EUR | 1 |
| Swedish krona	SEK | 10.710462 | = EUR | 1 |
| Singapore dollar	SGD | 1.450722 | = EUR | 1 |
| U.S. dollar	USD | 1.041549 | = 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 valued to a minor extent at derived market values.
Footnotes
* Some or all of these securities are lent.
** The prepaid placement fee is amortized over a period of three years (as specified in article 12 (d) of the general section of the fund’s management regulations).
*** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest Convertibles
DWS INVEST CONVERTIBLES

### Wertentwicklung der Anteilklassen (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU0179219752 | -17,4% |
| Klasse FC | LU0179220412 | -17,2% |
| Klasse FC (CE) | LU0740833669 | -12,8% |
| Klasse FD | LU0616868518 | -17,2% |
| Klasse LC (CE) | LU0740833404 | -13,1% |
| Klasse LD | LU0179219919 | -17,4% |
| Klasse NC | LU0179220255 | -17,6% |
| Klasse PFC | LU1054326076 | -17,7% |
| Klasse RC (CE) | LU1483365398 | -12,7% |
| Klasse TFC | LU1663841507 | -17,2% |
| Klasse TFD | LU1663843032 | -17,2% |
| Klasse CHF FCH 1) | LU0616868195 | -17,2% |
| Klasse CHF LCH 1) | LU0616867890 | -17,5% |
| Klasse GBP DH RD 2) | LU0399358133 | -16,8% |
| Klasse SEK FCH 3) | LU1282658647 | -17,2% |
| Klasse SEK LCH 3) | LU1282658720 | -17,4% |
| Klasse USD FCH 4) | LU0273179522 | -16,6% |
| Klasse USD LCH 4) | LU0273170141 | -16,8% |
| Klasse USD TFCH 4) | LU1663844279 | -16,6% |

1) 
in CHF
2) 
in GBP
3) 
in SEK
4) 
in USD
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2022
DWS Invest Convertibles
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Institute | 657 617 042,57 | 97,48 |
| Summe Anleihen | 657 617 042,57 | 97,48 |
| 2. Derivate | -5 717 614,43 | -0,85 |
| 3. Bankguthaben | 29 030 676,69 | 4,30 |
| 4. Sonstige Vermögensgegenstände | 3 839 256,28 | 0,57 |
| 5. Forderungen aus Anteilscheingeschäften | 103 465,69 | 0,02 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -3 316 650,62 | -0,49 |
| 2. Sonstige Verbindlichkeiten | -4 610 858,22 | -0,69 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -2 320 668,51 | -0,34 |
|  |  |  |
| III. Fondsvermögen | 674 624 649,45 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |

Börsengehandelte Wertpapiere	618 189 019,11	91,64
Verzinsliche Wertpapiere
| 2,30 | % DEXUS Finance Pty Ltd (MTN) 2019/2026  ....  | AUD | 20 300 000 |  | 2 000 000 | % | 94,639 | 12 731 888,31 | 1,89 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0,15 | % Sika AG (MTN) 2018/2025 .................  | CHF | 2 000 000 | 2 000 000 |  | % | 123,866 | 2 488 616,01 | 0,37 |
| 0,05 | % adidas AG (MTN) 2018/2023  ...............  | EUR | 6 400 000 | 6 400 000 |  | % | 98,249 | 6 287 936,00 | 0,93 |
| 0,00 | % America Movil BV 2021/2024 * .............  | EUR | 15 800 000 | 3 000 000 |  | % | 110,723 | 17 494 234,00 | 2,59 |
| 0,00 | % ANLLIAN Capital Ltd (MTN) 2020/2025 .......  | EUR | 5 000 000 | 5 000 000 |  | % | 114,954 | 5 747 700,00 | 0,85 |
| 0,00 | % Barclays Bank Plc 2022/2025  ..............  | EUR | 5 900 000 | 5 900 000 |  | % | 98,607 | 5 817 813,00 | 0,86 |
| 0,50 | % BE Semiconductor Industries NV (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2024 * ............................  | EUR | 3 000 000 | 3 000 000 |  | % | 108,434 | 3 253 020,00 | 0,48 |
| 0,00 | % BNP Paribas SA 2022/2025  ................  | EUR | 2 200 000 | 2 200 000 |  | % | 106,138 | 2 335 036,00 | 0,35 |
| 0,75 | % Cellnex Telecom SA 2020/2031  ............  | EUR | 8 000 000 |  |  | % | 68,426 | 5 474 080,00 | 0,81 |
| 0,00 | % Criteria Caixa SA 2021/2025  ...............  | EUR | 4 000 000 | 4 000 000 |  | % | 90,574 | 3 622 960,00 | 0,54 |
| 2,00 | % Deutsche Lufthansa AG (MTN) 2020/2025  ....  | EUR | 5 800 000 |  |  | % | 92,669 | 5 374 802,00 | 0,80 |
| 0,05 | % Deutsche Post AG (MTN) 2017/2025  ........  | EUR | 8 000 000 | 8 000 000 |  | % | 99,232 | 7 938 560,00 | 1,18 |
| 0,00 | % DiaSorin SpA (MTN) 2021/2028 .............  | EUR | 4 600 000 |  |  | % | 82,502 | 3 795 092,00 | 0,56 |
| 0,00 | % Edenred (MTN) 2021/2028  ................  | EUR | 10 000 000 | 2 900 000 |  | % | 59,241 | 5 924 100,00 | 0,88 |
| 0,00 | % Electricite de France SA 2020/2024  .........  | EUR | 111 000 000 | 66 000 000 | 50 000 000 | % | 11,56 | 12 831 600,00 | 1,90 |
| 0,00 | % Fresenius SE & Co. KGaA (MTN) 2017/2024  ..  | EUR | 8 000 000 | 8 000 000 |  | % | 95,616 | 7 649 280,00 | 1,13 |
| 0,00 | % Geely Sweden Financials Holding AB (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2024  .............................  | EUR | 4 100 000 |  |  | % | 107,353 | 4 401 473,00 | 0,65 |
| 0,00 | % GN Store Nord A/S (MTN) 2019/2024  ........  | EUR | 5 000 000 | 5 000 000 |  | % | 91,71 | 4 585 500,00 | 0,68 |
| 0,625 | % International Consolidated Airlines Group SA |  |  |  |  |  |  |  |  |
|  | (MTN) 2015/2022 ........................  | EUR | 5 500 000 |  | 1 000 000 | % | 98,592 | 5 422 560,00 | 0,80 |
| 1,125 | % International Consolidated Airlines Group SA |  |  |  |  |  |  |  |  |
|  | (MTN) 2021/2028 ........................  | EUR | 7 000 000 |  |  | % | 67,677 | 4 737 390,00 | 0,70 |
| 0,00 | % JPMorgan Chase Bank NA 2021/2024  .......  | EUR | 4 000 000 | 4 000 000 |  | % | 97,318 | 3 892 720,00 | 0,58 |
| 0,00 | % JPMorgan Chase Financial Co., LLC |  |  |  |  |  |  |  |  |
|  | 2022/2025 * ............................  | EUR | 4 000 000 | 4 000 000 |  | % | 106,67 | 4 266 800,00 | 0,63 |
| 0,625 | % Just Eat Takeaway.com NV (MTN) 2021/2028 * | EUR | 6 700 000 |  | 3 100 000 | % | 51,828 | 3 472 476,00 | 0,52 |
| 0,40 | % LEG Immobilien SE (MTN) 2020/2028 ........  | EUR | 4 400 000 |  |  | % | 76,67 | 3 373 480,00 | 0,50 |
| 0,00 | % Mondelez International Holdings Netherlands BV |  |  |  |  |  |  |  |  |
|  | 2021/2024  .............................  | EUR | 6 000 000 | 6 000 000 |  | % | 98,226 | 5 893 560,00 | 0,87 |
| 0,00 | % Nexi SpA (MTN) 2021/2028 ................  | EUR | 14 800 000 |  |  | % | 64,152 | 9 494 496,00 | 1,41 |
| 0,00 | % Pirelli & C SpA (MTN) 2020/2025 * ..........  | EUR | 3 000 000 | 3 000 000 |  | % | 89,554 | 2 686 620,00 | 0,40 |
| 0,00 | % POSCO Holdings, Inc. (MTN) 2021/2026  .....  | EUR | 12 000 000 | 2 000 000 |  | % | 93,137 | 11 176 440,00 | 1,66 |
| 0,00 | % Prysmian SpA (MTN) 2021/2026 * ...........  | EUR | 9 800 000 |  |  | % | 90,887 | 8 906 926,00 | 1,32 |
| 0,00 | % RAG-Stiftung (MTN) 2020/2026 .............  | EUR | 3 000 000 | 8 000 000 | 8 400 000 | % | 93,253 | 2 797 590,00 | 0,42 |
| 0,00 | % Selena Sarl (MTN) 2020/2025  ..............  | EUR | 5 000 000 | 1 000 000 |  | % | 94,499 | 4 724 950,00 | 0,70 |
| 0,00 | % SGX Treasury I Pte Ltd 2021/2024  ..........  | EUR | 6 000 000 | 2 000 000 |  | % | 99,002 | 5 940 120,00 | 0,88 |
| 0,00 | % Ubisoft Entertainment SA (MTN) 2019/2024 ...  | EUR | 3 800 000 | 3 800 000 |  | % | 107,206 | 4 073 828,00 | 0,60 |
| 0,00 | % Umicore SA (MTN) 2020/2025  .............  | EUR | 5 800 000 |  |  | % | 88,312 | 5 122 096,00 | 0,76 |
| 0,00 | % Zhejiang Expressway Co., Ltd (MTN) 2021/2026 | EUR | 5 400 000 |  |  | % | 109,963 | 5 938 002,00 | 0,88 |
| 0,00 | % China Conch Venture Holdings International Ltd |  |  |  |  |  |  |  |  |
|  | (MTN) 2018/2023 ........................  | HKD | 21 000 000 |  | 35 000 000 | % | 106,714 | 2 742 144,51 | 0,41 |
| 0,00 | % Citigroup Global Markets Funding Luxembourg |  |  |  |  |  |  |  |  |
|  | SCA 2020/2024  .........................  | HKD | 40 000 000 |  |  | % | 103,832 | 5 082 072,48 | 0,75 |
| 0,00 | % Zhongsheng Group Holdings Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 * ............................  | HKD | 22 000 000 |  |  | % | 131,5 | 3 539 957,74 | 0,53 |
| 0,00 | % CyberAgent, Inc. (MTN) 2018/2025 ..........  | JPY | 320 000 000 |  |  | % | 110,427 | 2 496 191,79 | 0,37 |
| 0,00 | % Koei Tecmo Holdings Co., Ltd 2021/2024 .....  | JPY | 500 000 000 |  |  | % | 106,311 | 3 754 921,88 | 0,56 |
| 0,00 | % Mercari, Inc. (MTN) 2021/2028  .............  | JPY | 850 000 000 |  |  | % | 82,101 | 4 929 695,24 | 0,73 |
| 0,00 | % Nippon Steel Corp. (MTN) 2021/2026  ........  | JPY | 1 410 000 000 |  |  | % | 102,768 | 10 235 986,78 | 1,52 |
| 0,00 | % Rohm Co., Ltd (MTN) 2019/2024  ...........  | JPY | 750 000 000 | 200 000 000 |  | % | 101,6 | 5 382 792,89 | 0,80 |
| 1,625 | % Singapore Airlines Ltd (MTN) 2020/2025 ......  | SGD | 17 500 000 |  |  | % | 104,05 | 12 551 507,02 | 1,86 |
| 0,00 | % Airbnb, Inc. (MTN) 2021/2026 ..............  | USD | 17 500 000 | 17 500 000 |  | % | 82,938 | 13 935 151,53 | 2,07 |
| 0,125 | % Akamai Technologies, Inc. (MTN) 2018/2025  ..  | USD | 6 660 000 |  | 2 000 000 | % | 109,465 | 6 999 541,60 | 1,04 |
| 0,375 | % Akamai Technologies, Inc. (MTN) 2019/2027  ..  | USD | 9 318 000 |  |  | % | 99,12 | 8 867 559,03 | 1,31 |
| 0,925 | % BASF SE (MTN) 2017/2023  ................  | USD | 16 500 000 | 16 500 000 |  | % | 97,95 | 15 517 025,47 | 2,30 |
| 3,00 | % Bharti Airtel Ltd -Reg- (MTN) 2020/2025 ......  | USD | 5 260 000 |  |  | % | 123,26 | 6 224 837,18 | 0,92 |
| 0,00 | % Bill.com Holdings, Inc. (MTN) 2020/2025  .....  | USD | 3 000 000 | 3 000 000 |  | % | 100,215 | 2 886 516,70 | 0,43 |
| 1,25 | % BioMarin Pharmaceutical, Inc. (MTN) 2020/2027 | USD | 2 505 000 |  |  | % | 100,108 | 2 407 668,02 | 0,36 |
| 0,00 | % Blackline, Inc. (MTN) 2021/2026  ............  | USD | 8 100 000 | 10 600 000 | 2 500 000 | % | 80,136 | 6 232 076,39 | 0,92 |
| 0,25 | % Block, Inc. (MTN) 2020/2027 ...............  | USD | 8 449 000 |  | 6 000 000 | % | 73,637 | 5 973 398,46 | 0,89 |
| 0,75 | % Booking Holdings, Inc. (MTN) 2020/2025  .....  | USD | 3 500 000 | 3 500 000 | 2 430 000 | % | 119,056 | 4 000 731,63 | 0,59 |
| 0,00 | % Cable One, Inc. (MTN) 2021/2026 ...........  | USD | 3 000 000 | 3 000 000 |  | % | 82,057 | 2 363 507,47 | 0,35 |
| 0,00 | % Carrefour SA (MTN) 2017/2023 .............  | USD | 7 000 000 | 2 000 000 |  | % | 96,013 | 6 452 799,46 | 0,96 |
| 0,375 | % Coupa Software, Inc. (MTN) 2020/2026  ......  | USD | 5 601 000 |  | 5 000 000 | % | 75,674 | 4 069 418,47 | 0,60 |
| 0,00 | % CyberArk Software Ltd (MTN) 2019/2024 .....  | USD | 8 869 000 |  |  | % | 107,63 | 9 164 907,45 | 1,36 |
| 0,25 | % Dexcom, Inc. (MTN) 2020/2025 * ...........  | USD | 6 059 000 |  |  | % | 92,156 | 5 360 985,80 | 0,79 |
| 0,00 | % Dropbox, Inc. (MTN) 2021/2028  ............  | USD | 13 383 000 | 13 383 000 |  | % | 88,154 | 11 327 017,98 | 1,68 |
| 3,25 | % ELM BV for Swiss Re Ltd (MTN) 2018/2024 . . . | USD | 2 600 000 | 2 600 000 |  | % | 97,916 | 2 444 258,31 | 0,36 |
| 0,25 | % Etsy, Inc. (MTN) 2021/2028 ................  | USD | 5 500 000 | 5 500 000 |  | % | 72,509 | 3 828 905,90 | 0,57 |
| 0,375 | % Exact Sciences Corp. (MTN) 2020/2028  ......  | USD | 6 283 000 |  | 8 000 000 | % | 69,75 | 4 211 039,31 | 0,62 |
| 0,00 | % Ford Motor Co. (MTN) 2021/2026  ...........  | USD | 8 657 000 | 13 657 000 | 5 000 000 | % | 91,524 | 7 607 159,08 | 1,13 |
| 0,00 | % Glencore Funding LLC (MTN) 2018/2025 * ....  | USD | 7 600 000 | 7 600 000 |  | % | 101,479 | 7 404 740,78 | 1,10 |
| 0,00 | % Globalwafers Co., Ltd (MTN) 2021/2026 ......  | USD | 7 800 000 |  |  | % | 86,728 | 6 494 923,24 | 0,96 |
| 0,25 | % Halozyme Therapeutics, Inc. (MTN) 2021/2027 | USD | 4 253 000 | 4 253 000 |  | % | 88,767 | 3 624 657,82 | 0,54 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Währung | Bestand | im Berichtszeitraum |  |  | EUR | vermögen |
| 0,00 | % Hon Hai Precision Industry Co., Ltd (MTN) 2021/2026 .............................  | USD | 12 000 000 |  | % | 89,208 | 10 277 917,74 | 1,52 |
| 0,00 | % Illumina, Inc. (MTN) 2018/2023 .............  | USD | 4 000 000 | 4 000 000 | % | 95,608 | 3 671 760,23 | 0,54 |
| 0,375 | % Insulet Corp. (MTN) 2019/2026 .............  | USD | 4 000 000 | 4 000 000 | % | 113,902 | 4 374 328,86 | 0,65 |
| 0,50 | % Integra LifeSciences Holdings Corp. (MTN) 2020/2025  .............................  | USD | 9 342 000 | 2 000 000 | % | 95,349 | 8 552 165,45 | 1,27 |
| 2,00 | % Jazz Investments I Ltd (MTN) 2020/2026  .....  | USD | 9 355 000 |  | % | 117,739 | 10 575 093,68 | 1,57 |
| 1,50 | % LG Display Co., Ltd (MTN) 2019/2024 ........  | USD | 5 400 000 |  | % | 99,501 | 5 158 712,13 | 0,76 |
| 0,50 | % Lumentum Holdings, Inc. (MTN) 2019/2026 ...  | USD | 7 877 000 | 2 500 000 | % | 103,164 | 7 802 056,78 | 1,16 |
| 0,00 | % Marriott Vacations Worldwide Corp. (MTN) |  |  |  |  |  |  |  |
|  | 2021/2026  .............................  | USD | 3 000 000 | 5 020 000 | 2 020 000 | % | 91,006 | 2 621 267,66 | 0,39 |
| 2,25 | % Neurocrine Biosciences, Inc. (MTN) 2017/2024 | USD | 4 800 000 |  |  | % | 132,065 | 6 086 239,83 | 0,90 |
| 0,00 | % Nice Ltd (MTN) 2020/2025  ................  | USD | 8 496 000 |  |  | % | 98,422 | 8 028 358,89 | 1,19 |
| 0,375 | % Okta, Inc. (MTN) 2020/2026  ...............  | USD | 15 000 000 | 6 536 000 |  | % | 85,2 | 12 270 180,24 | 1,82 |
| 0,00 | % ON Semiconductor Corp. (MTN) 2021/2027  ...  | USD | 2 500 000 | 2 500 000 | 10 000 000 | % | 116,75 | 2 802 315,23 | 0,42 |
| 0,00 | % ON Semiconductor Corp. (MTN) 2021/2027  ...  | USD | 8 500 000 | 8 500 000 |  | % | 114,262 | 9 324 828,13 | 1,38 |
| 1,00 | % Qiagen NV (MTN) 2018/2024  ..............  | USD | 7 400 000 |  |  | % | 110,427 | 7 845 616,62 | 1,16 |
| 0,00 | % Qiagen NV (MTN) 2020/2027  ..............  | USD | 10 200 000 | 2 000 000 |  | % | 86,231 | 8 444 689,44 | 1,25 |
| 0,25 | % Rapid7, Inc. (MTN) 2021/2027 ..............  | USD | 3 400 000 | 8 000 000 | 4 600 000 | % | 91,396 | 2 983 501,05 | 0,44 |
| 0,00 | % RingCentral, Inc. (MTN) 2020/2026 ..........  | USD | 4 000 000 |  | 3 000 000 | % | 75,488 | 2 899 065,31 | 0,43 |
| 0,125 | % Shopify, Inc. (MTN) 2020/2025  .............  | USD | 6 788 000 |  | 2 668 000 | % | 84,05 | 5 477 717,62 | 0,81 |
| 0,00 | % Snap, Inc. (MTN) 2021/2027  ...............  | USD | 11 554 000 | 11 554 000 |  | % | 71,066 | 7 883 413,80 | 1,17 |
| 0,00 | % SolarEdge Technologies, Inc. (MTN) 2020/2025 | USD | 8 000 000 | 8 000 000 |  | % | 117,978 | 9 061 729,73 | 1,34 |
| 1,25 | % Southwest Airlines Co. (MTN) 2020/2025  .....  | USD | 4 000 000 | 4 000 000 |  | % | 116,182 | 4 461 890,71 | 0,66 |
| 1,125 | % Splunk, Inc. (MTN) 2018/2025 ..............  | USD | 9 083 000 |  |  | % | 94,38 | 8 230 559,82 | 1,22 |
| 1,125 | % Splunk, Inc. (MTN) 2020/2027 ..............  | USD | 6 400 000 |  |  | % | 83,21 | 5 112 997,55 | 0,76 |
| 0,00 | % Spotify USA, Inc. (MTN) 2021/2026  .........  | USD | 6 400 000 | 11 400 000 | 5 000 000 | % | 80,051 | 4 918 886,75 | 0,73 |
| 0,00 | % STMicroelectronics NV (MTN) 2020/2027 .....  | USD | 9 800 000 |  |  | % | 99,695 | 9 380 360,78 | 1,39 |
| 0,00 | % Taiwan Cement Corp. (MTN) 2021/2026 ......  | USD | 9 500 000 | 2 500 000 |  | % | 90,172 | 8 224 611,57 | 1,22 |
| 0,25 | % Twitter, Inc. (MTN) 2018/2024  .............  | USD | 5 358 000 | 2 500 000 |  | % | 98,307 | 5 057 166,37 | 0,75 |
| 0,00 | % Vail Resorts, Inc. (MTN) 2020/2026 ..........  | USD | 6 351 000 |  | 3 000 000 | % | 87,957 | 5 363 306,41 | 0,80 |
| 1,50 | % Western Digital Corp. (MTN) 2018/2024  ......  | USD | 4 500 000 | 4 500 000 |  | % | 95,523 | 4 127 057,84 | 0,61 |
| 0,00 | % Win Semiconductors Corp. (MTN) 2021/2026 ..  | USD | 5 200 000 |  |  | % | 85,524 | 4 269 838,38 | 0,63 |
| 0,00 | % Xero Investments Ltd (MTN) 2020/2025 * .....  | USD | 6 511 000 |  |  | % | 78,98 | 4 937 247,67 | 0,73 |
| 0,625 | % Zendesk, Inc. (MTN) 2020/2025  ............  | USD | 7 500 000 | 7 500 000 |  | % | 97,18 | 6 997 747,16 | 1,04 |
| 2,75 | % Zillow Group, Inc. (MTN) 2020/2025  .........  | USD | 3 500 000 | 3 500 000 |  | % | 94,589 | 3 178 547,95 | 0,47 |

An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	24 331 143,17	3,61
| Verzinsliche Wertpapiere 0,25	% Avalara, Inc. -144A- (MTN) 2021/2026 ........  | USD | 7 500 000 | 2 000 000 | 1 500 000 | % | 78,52 | 5 654 076,01 | 0,84 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0,00 | % Bill.com Holdings, Inc. -144A- (MTN) 2021/2027 | USD | 3 000 000 |  |  | % | 77,925 | 2 244 492,48 | 0,33 |
| 0,00 | % Cloudflare, Inc. -144A- (MTN) 2021/2026  .....  | USD | 3 000 000 |  | 4 000 000 | % | 78,25 | 2 253 853,53 | 0,34 |
| 0,875 | % Match Group Financeco 2, Inc. -144A- (MTN) 2019/2026  .............................  | USD | 6 500 000 | 6 500 000 |  | % | 104,066 | 6 494 448,95 | 0,96 |
| 0,125 | % Snap, Inc. -144A- (MTN) 2022/2028  .........  | USD | 5 000 000 | 5 000 000 |  | % | 70,503 | 3 384 524,72 | 0,50 |
| 1,75 | % Ziff Davis, Inc. -144A- (MTN) 2019/2026 ......  | USD | 4 660 000 |  |  | % | 96,103 | 4 299 747,48 | 0,64 |
| Nichtnotierte Wertpapiere |  |  |  |  |  | 15 096 880,29 | 2,23 |
| Verzinsliche Wertpapiere 0,375  % Bentley Systems, Inc. -144A- (MTN) 2021/2027 | USD | 10 000 000 |  | % | 78,263 | 7 514 093,24 | 1,11 |
| 0,25	% Tyler Technologies, Inc. (MTN) 2021/2026  ....  | USD | 8 400 000 | 8 400 000 | % | 94,022 | 7 582 787,05 | 1,12 |
| Summe Wertpapiervermögen |  |  |  |  |  | 657 617 042,57 | 97,48 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |
| Devisen-Derivate Forderungen/Verbindlichkeiten | -5 717 614,43 | -0,85 |
| Devisentermingeschäfte |  |  |
| Devisentermingeschäfte (Kauf) |  |  |
| Offene Positionen CHF/EUR 14,4 Mio. ................................  | 261 272,97 | 0,04 |
| GBP/EUR 3,1 Mio. .................................  | -5 185,62 | 0,00 |
| SEK/EUR 1,1 Mio. .................................  | -411,28 | 0,00 |
| Devisentermingeschäfte (Verkauf) |  |  |
| Offene Positionen EUR/AUD 12,7 Mio. ................................  | 119 975,40 | 0,02 |
| EUR/HKD 51,6 Mio. ................................  | -127 926,45 | -0,02 |
| EUR/JPY 2 510,6 Mio. ..............................  | 745 589,82 | 0,11 |
| EUR/SGD 10,4 Mio. ................................  | -79 101,11 | -0,01 |
| EUR/USD 240,2 Mio. ...............................  | -4 811 562,92 | -0,72 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Geschlossene Positionen EUR/AUD 3,9 Mio. .................................  |  |  |  | 67 152,74 | 0,01 |
| EUR/GBP 5,8 Mio. .................................  |  |  |  | 53 612,76 | 0,01 |
| EUR/HKD 15,9 Mio. ................................  |  |  |  | -9 495,01 | 0,00 |
| EUR/JPY 2 881,2 Mio. ..............................  |  |  |  | 671 580,84 | 0,10 |
| EUR/SGD 3,2 Mio. .................................  |  |  |  | -2 403,93 | 0,00 |
| EUR/USD 320,2 Mio. ...............................  |  |  |  | -2 600 712,64 | -0,39 |
| Bankguthaben |  |  |  | 29 030 676,69 | 4,30 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  | 27 688 408,88 | 4,10 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |
| Schwedische Kronen ...............................  | SEK | 1 727 158 |  | 161 259,02 | 0,02 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 358 723 |  | 237 730,79 | 0,04 |
| Britisches Pfund ...................................  | GBP | 102 236 |  | 119 374,35 | 0,02 |
| Hongkong Dollar ...................................  | HKD | 1 130 914 |  | 138 381,85 | 0,02 |
| Japanischer Yen ...................................  | JPY | 20 862 099 |  | 147 370,55 | 0,02 |
| Schweizer Franken .................................  | CHF | 136 462 |  | 137 084,71 | 0,02 |
| Singapur Dollar ....................................  | SGD | 577 325 |  | 397 956,82 | 0,06 |
| Südkoreanischer Won ..............................  | KRW | 4 205 427 |  | 3 109,72 | 0,00 |
| Sonstige Vermögensgegenstände |  |  |  | 3 839 256,28 | 0,57 |
| Abgegrenzte Platzierungsgebühr ** ...................  |  |  |  | 1 039,06 | 0,00 |
| Zinsansprüche .....................................  |  |  |  | 727 079,51 | 0,11 |
| Sonstige Ansprüche ................................  |  |  |  | 3 111 137,71 | 0,46 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 103 465,69 | 0,02 |
| Summe der Vermögensgegenstände *** |  |  |  | 692 509 625,76 | 102,66 |
| Kurzfristige Verbindlichkeiten |  |  |  | -3 316 650,62 | -0,49 |
| Kredite in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| US-Dollar ........................................  | USD | -3 454 456 |  | -3 316 650,62 | -0,49 |
| Sonstige Verbindlichkeiten |  |  |  | -4 610 858,22 | -0,69 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  | -1 237 578,22 | -0,19 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -3 373 280,00 | -0,50 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -2 320 668,51 | -0,34 |
| Summe der Verbindlichkeiten |  |  |  | -17 884 976,31 | -2,66 |
| Fondsvermögen |  |  |  | 674 624 649,45 | 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 CHF FCH ...................................  | CHF | 131,79 |
| Klasse CHF LCH ...................................  | CHF | 100,64 |
| Klasse FC ........................................  | EUR | 185,99 |
| Klasse FC(CE) .....................................  | EUR | 160,90 |
| Klasse FD ........................................  | EUR | 109,03 |
| Klasse LC (CE) ....................................  | EUR | 128,91 |
| Klasse LC ........................................  | EUR | 167,04 |
| Klasse LD ........................................  | EUR | 157,47 |
| Klasse NC ........................................  | EUR | 154,79 |
| Klasse PFC .......................................  | EUR | 99,37 |
| Klasse RC (CE) ....................................  | EUR | 117,32 |
| Klasse TFC .......................................  | EUR | 98,62 |
| Klasse TFD .......................................  | EUR | 97,49 |
| Klasse GBP DH RD ................................  | GBP | 173,56 |
| Klasse SEK FCH ...................................  | SEK | 1 039,79 |
| Klasse SEK LCH ...................................  | SEK | 1 001,87 |
| Klasse USD FCH ..................................  | USD | 197,03 |
| Klasse USD LCH ..................................  | USD | 182,20 |
| Klasse USD TFCH .................................  | USD | 107,88 |

| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Umlaufende Anteile |  |  |
| Klasse CHF FCH ...................................  | Stück | 108 110,014 |
| Klasse CHF LCH ...................................  | Stück | 1 220,760 |
| Klasse FC ........................................  | Stück | 872 781,531 |
| Klasse FC(CE) .....................................  | Stück | 573 595,628 |
| Klasse FD ........................................  | Stück | 77 087,000 |
| Klasse LC (CE) ....................................  | Stück | 5 518,000 |
| Klasse LC ........................................  | Stück | 1 282 944,095 |
| Klasse LD ........................................  | Stück | 114 164,888 |
| Klasse NC ........................................  | Stück | 134 900,784 |
| Klasse PFC .......................................  | Stück | 14 812,000 |
| Klasse RC (CE) ....................................  | Stück | 676 368,000 |
| Klasse TFC .......................................  | Stück | 2 852,831 |
| Klasse TFD .......................................  | Stück | 2 210,000 |
| Klasse GBP DH RD ................................  | Stück | 4 111,975 |
| Klasse SEK FCH ...................................  | Stück | 1 050,000 |
| Klasse SEK LCH ...................................  | Stück | 32,000 |
| Klasse USD FCH ..................................  | Stück | 256 383,213 |
| Klasse USD LCH ..................................  | Stück | 66 733,759 |
| Klasse USD TFCH .................................  | Stück | 8 374,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512)
25% Citi – EuroBIG Corporate Index-A sector, 25% Citi – WorldBIG Corporate A in EUR, 25% MSCI THE WORLD INDEX in EUR, 25% STOXX 50
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 47,970 |
| --- | --- | --- |
| größter potenzieller Risikobetrag  .....................  | % | 120,412 |
| durchschnittlicher potenzieller Risikobetrag . . . . . . . . . . . . . | % | 87,452 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2022 bis 30.6.2022 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 1,2, wobei zur Berechnung die Summe der Nominalbeträge der Derivate in Relation zum Fondsvermögen gesetzt wurde (Nominalwertmethode).
Das durch Derivate erzielte zugrunde liegende 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 929 999 860,96. Ohne Berücksichtigung gegebenenfalls auf Ebene von Anteilklassen zum Zwecke der Währungsabsicherung abgeschlossener Devisentermingeschäfte.
 Marktschlüssel	 Vertragspartner der Devisentermingeschäfte
Barclays Bank Ireland PLC, Crédit Suisse Bank Europe, Deutsche Bank AG, HSBC France, Nomura Financial Products Europe GmbH, Royal Bank of Canada (UK), Société Générale, State Street Bank International GmbH, Toronto Dominion Bank und UBS AG.

####  Erläuterungen zu den Wertpapier-Darlehen	
Folgende Wertpapiere sind zum Berichtsstichtag als Wertpapier-Darlehen übertragen:
| Wertpapierbezeichnung | Währung bzw. Nominal in Stück | Nominalbetrag bzw. Bestand | Wertpapier-Darlehen Kurswert in EUR unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| 0,00 | % America Movil BV 2021/2024	EUR | 2 400 000 | 2.657.352,00 |
| 0,50 | % BE Semiconductor Industries NV (MTN) 2017/2024	EUR | 100 000 | 108.434,00 |
| 0,00 | % JPMorgan Chase Financial Co., LLC 2022/2025	EUR | 1 500 000 | 1.600.050,00 |
| 0,625 | % Just Eat Takeaway.com NV (MTN) 2021/2028	EUR | 5 100 000 | 2.643.228,00 |
| 0,00 | % Pirelli & C SpA (MTN) 2020/2025	EUR | 2 000 000 | 1.791.080,00 |
| 0,00 | % Prysmian SpA (MTN) 2021/2026	EUR | 2 500 000 | 2.272.175,00 |
| 0,00 | % Zhongsheng Group Holdings Ltd (MTN) 2020/2025	HKD | 6 000 000 | 965.443,02 |
| 0,25 | % Dexcom, Inc. (MTN) 2020/2025	USD | 3 000 000 | 2.654.391,39 |
| 0,00 | % Glencore Funding LLC (MTN) 2018/2025	USD | 3 000 000 | 2.922.924,00 |
| 0,00 | % Xero Investments Ltd (MTN) 2020/2025	USD | 3 000 000 | 2.274.879,90 |

Gesamtbetrag der Rückerstattungsansprüche aus Wertpapier-Darlehen	19.889.957,31	19 889 957,31 Vertragspartner der Wertpapier-Darlehen
Barclays Bank Ireland PLC EQ, BNP Paribas Arbitrage SNC, BofA Securities Europe SA EQ, Crédit Suisse Securities Sociedad de Valores S.A. FI, J.P. Morgan AG EQ, J.P. Morgan AG FI, Morgan Stanley Europe SE EQ, Morgan Stanley Europe SE FI, UBS AG London Branch, Unicredit Bank AG
| Gesamtbetrag der bei Wertpapier-Darlehen von Dritten gewährten Sicherheiten | EUR | 21 903 195,27 |
| --- | --- | --- |
| davon: |  |  |
| Schuldverschreibungen | EUR | 3 919 799,94 |
| Aktien | EUR | 17 979 243,26 |
| Bankguthaben | EUR | 4 152,07 |

| Devisenkurse (in Mengennotiz) |  |
| --- | --- |
|  |  |  | per 30.6.2022 |
| Australischer Dollar ..............  | AUD | 1,508945 | = EUR	1 |
| Schweizer Franken ...............  | CHF | 0,995461 | = EUR	1 |
| Britisches Pfund .................  | GBP | 0,856432 | = EUR	1 |
| Hongkong Dollar .................  | HKD | 8,172414 | = EUR	1 |
| Japanischer Yen .................  | JPY | 141,562199 | = EUR	1 |
| Südkoreanischer Won ............  | KRW | 1 352,347861 | = EUR	1 |
| Schwedische Kronen .............  | SEK | 10,710462 | = EUR	1 |
| Singapur Dollar ..................  | SGD | 1,450722 | = EUR	1 |
| US-Dollar ......................  | USD | 1,041549 | = 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 in geringfügigem Umfang zu abgeleiteten Verkehrswerten bewertet.
Fußnoten
* Diese Wertpapiere sind ganz oder teilweise verliehen.
** Die abgegrenzte Platzierungsgebühr wird über einen Zeitraum von drei Jahren abgeschrieben (entsprechend Artikel 12 d) des Verwaltungsreglements – Allgemeiner Teil des Fonds).
*** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.