# DWS Invest ESG Climate Tech
DWS INVEST ESG CLIMATE TECH

### Performance of share classes (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LD | LU1863261647 | -17.2% |
| Class FC | LU1863264070 | -16.9% |
| Class IC | LU2437447688 | -6.0% 1 |
| Class LC | LU1863264153 | -17.2% |
| Class NC | LU1914384182 | -17.5% |
| Class PFC | LU2066748570 | -17.8% |
| Class TFC | LU1863261720 | -16.9% |
| Class TFD | LU1885667318 | -16.9% |
| Class XC | LU1863261993 | -16.8% |
| Class GBP D RD 2 | LU2380221429 | -15.2% |
| Class JPY FC 3 | LU2321750015 | -9.9% |
| Class USD FC 4 | LU1885667409 | -23.6% |
| Class USD LC 4 | LU1885667581 | -24.0% |
| Class USD LCH (P) 4 | LU2324798417 | -20.3% |
| Class USD TFC 4 | LU1885667664 | -23.7% |
| Class USD TFCH (P) 4 | LU2324798508 | -20.0% |

1 
Class IC launched on February 15, 2022
2 
in GBP
3 
in JPY
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 ESG Climate Tech
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors) Information Technology | 86 027 914.63 | 11.84 |
| Telecommunication Services | 20 967 713.64 | 2.88 |
| Consumer Discretionaries | 115 024 919.31 | 15.82 |
| Energy | 100 548 272.71 | 13.83 |
| Consumer Staples | 37 234 137.28 | 5.11 |
| Financials | 26 045 508.10 | 3.58 |
| Basic Materials | 42 893 941.53 | 5.90 |
| Industrials | 193 142 954.91 | 26.54 |
| Utilities | 62 216 142.22 | 8.56 |
| Total equities | 684 101 504.33 | 94.06 |
| 2. Derivatives | 599.40 | 0.00 |
| 3. Cash at bank | 46 825 242.65 | 6.44 |
| 4. Other assets | 740 798.83 | 0.11 |
| 5. Receivables from share certificate transactions | 1 016 308.83 | 0.14 |
| II. Liabilities |  |  |
| 1. Other liabilities | -5 224 486.00 | -0.73 |
| 2. Liabilities from share certificate transactions | -155 999.99 | -0.02 |
|  |  |  |
| III. Net assets | 727 303 968.05 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ currency | principal amount | additions in the | disposals reporting period |  |  | value in EUR | net assets |
| Securities traded on an exchange |  |  |  |  |  |  | 684 101 504.33 | 94.06 |
| Equities Stantec, Inc. ......................................  | Count | 210 870 | 210 870 |  | CAD | 55.79 | 8 759 649.75 | 1.20 |
| SIG Combibloc Group AG ............................  | Count | 294 003 | 118 715 |  | CHF | 20.76 | 6 131 332.85 | 0.84 |
| Sika AG ..........................................  | Count | 19 713 | 5 860 |  | CHF | 217.2 | 4 301 187.00 | 0.59 |
| ALK-Abello A/S ....................................  | Count | 437 410 | 437 410 |  | DKK | 124.1 | 7 297 326.40 | 1.00 |
| Novozymes A/S ....................................  | Count | 110 221 | 5 658 |  | DKK | 424.4 | 6 288 441.21 | 0.87 |
| Orsted AS ........................................  | Count | 98 246 | 21 389 |  | DKK | 733.3 | 9 685 004.92 | 1.33 |
| Air Liquide SA .....................................  | Count | 87 736 | 47 645 |  | EUR | 128.34 | 11 260 038.24 | 1.55 |
| AIXTRON SE ......................................  | Count | 245 470 | 245 470 |  | EUR | 23.7 | 5 817 639.00 | 0.80 |
| Alfen Beheer BV ...................................  | Count | 81 674 | 14 448 |  | EUR | 86.9 | 7 097 470.60 | 0.98 |
| Alstom SA ........................................  | Count | 266 614 | 119 102 |  | EUR | 21.36 | 5 694 875.04 | 0.78 |
| Arcadis NV........................................  | Count | 143 570 | 143 570 |  | EUR | 31.52 | 4 525 326.40 | 0.62 |
| Danone SA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 93 984 | 9 284 | 86 880 | EUR | 52.97 | 4 978 332.48 | 0.68 |
| EDP Renovaveis SA.................................  | Count | 397 041 | 133 272 |  | EUR | 22.26 | 8 838 132.66 | 1.22 |
| Enel SpA .........................................  | Count | 1 573 690 | 1 573 690 |  | EUR | 5.215 | 8 206 793.35 | 1.13 |
| Fugro NV .........................................  | Count | 829 534 | 171 310 |  | EUR | 11.93 | 9 896 340.62 | 1.36 |
| Kerry Group PLC ...................................  | Count | 63 140 | 15 270 |  | EUR | 91.86 | 5 800 040.40 | 0.80 |
| Kingspan Group PLC ................................  | Count | 122 665 | 48 266 |  | EUR | 56.44 | 6 923 212.60 | 0.95 |
| Koninklijke DSM NV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 99 932 | 31 892 |  | EUR | 134 | 13 390 888.00 | 1.84 |
| Neste Oyj ........................................  | Count | 317 908 | 42 844 |  | EUR | 41.82 | 13 294 912.56 | 1.83 |
| Nexans SA ........................................  | Count | 201 307 | 47 227 |  | EUR | 73.4 | 14 775 933.80 | 2.03 |
| Schneider Electric SE ...............................  | Count | 106 859 | 5 485 |  | EUR | 111.34 | 11 897 681.06 | 1.64 |
| Signify NV ........................................  | Count | 669 617 | 225 975 |  | EUR | 31.07 | 20 805 000.19 | 2.86 |
| Solaria Energia y Medio Ambiente SA ..................  | Count | 406 572 | 57 498 |  | EUR | 19.955 | 8 113 144.26 | 1.12 |
| STMicroelectronics NV ..............................  | Count | 361 635 | 169 269 |  | EUR | 29.465 | 10 655 575.28 | 1.47 |
| Veolia Environnement SA ............................  | Count | 399 973 | 20 531 |  | EUR | 23.04 | 9 215 377.92 | 1.27 |
| Drax Group PLC....................................  | Count | 1 192 374 | 76 210 | 292 110 | GBP | 6.37 | 8 868 683.52 | 1.22 |
| Ferguson PLC .....................................  | Count | 66 028 | 15 362 |  | GBP | 90.74 | 6 995 747.81 | 0.96 |
| Smurfit Kappa Group PLC ............................  | Count | 244 816 | 75 340 |  | GBP | 27.03 | 7 726 682.57 | 1.06 |
| BYD Co., Ltd ......................................  | Count | 235 000 | 235 000 |  | HKD | 314 | 9 029 155.96 | 1.24 |
| Xinyi Solar Holdings Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 3 836 000 | 1 250 000 | 2 140 000 | HKD | 12.12 | 5 688 933.57 | 0.78 |
| Central Japan Railway Co. ............................  | Count | 114 200 | 44 000 |  | JPY | 15 655 | 12 629 084.67 | 1.74 |
| Ebara Corp. .......................................  | Count | 226 500 | 40 200 |  | JPY | 5 080 | 8 128 017.27 | 1.12 |
| Samsung SDI Co., Ltd...............................  | Count | 27 183 | 16 381 |  | KRW | 532 000 | 10 693 517.86 | 1.47 |
| Mowi ASA ........................................  | Count | 503 771 | 121 713 |  | NOK | 225.5 | 10 998 700.64 | 1.51 |
| Scatec ASA .......................................  | Count | 421 329 | 153 549 |  | NOK | 85.38 | 3 482 885.32 | 0.48 |
| TOMRA Systems ASA ...............................  | Count | 350 098 | 350 098 |  | NOK | 182.32 | 6 179 959.29 | 0.85 |
| MIPS AB .........................................  | Count | 65 696 | 21 103 |  | SEK | 440.9 | 2 704 399.41 | 0.37 |
| Nibe Industrier AB -B- ...............................  | Count | 658 240 | 658 240 |  | SEK | 75.96 | 4 668 324.45 | 0.64 |
| Sweco AB -B- .....................................  | Count | 509 141 | 26 135 |  | SEK | 105.6 | 5 019 885.31 | 0.69 |
| Chroma ATE, Inc....................................  | Count | 970 000 | 50 000 |  | TWD | 153 | 4 792 225.21 | 0.66 |
| Voltronic Power Technology Corp. ......................  | Count | 94 000 | 94 000 |  | TWD | 1 445 | 4 386 011.39 | 0.60 |
| American Water Works Co, Inc. .......................  | Count | 59 716 | 13 216 |  | USD | 146.06 | 8 374 176.19 | 1.15 |
| Aptiv PLC.........................................  | Count | 78 066 | 24 935 |  | USD | 87.31 | 6 544 040.89 | 0.90 |
| Array Technologies, Inc. ..............................       | Count | 1 084 344 | 381 884 |  | USD | 10.6 | 11 035 525.90 | 1.52 |
| Darling Ingredients, Inc. .............................  | Count | 394 670 | 20 788 | 10 300 | USD | 61.72 | 23 387 301.89 | 3.22 |
| Ecolab, Inc. .......................................  | Count | 29 211 | 5 977 |  | USD | 150.75 | 4 227 891.51 | 0.58 |
| Emergent BioSolutions, Inc. ..........................  | Count | 128 169 | 24 970 |  | USD | 30.37 | 3 737 213.22 | 0.51 |
| Enphase Energy, Inc.................................  | Count | 56 848 | 14 843 |  | USD | 185.26 | 10 111 531.48 | 1.39 |
| Eversource Energy .................................  | Count | 112 222 | 22 552 |  | USD | 83.79 | 9 027 973.66 | 1.24 |
| First Solar, Inc......................................  | Count | 132 652 | 50 990 |  | USD | 66.05 | 8 412 144.28 | 1.16 |
| Fluence Energy, Inc. ................................  | Count | 881 634 | 788 813 |  | USD | 9.06 | 7 668 962.54 | 1.05 |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. ..  | Count | 200 991 | 74 020 |  | USD | 36.18 | 6 981 765.57 | 0.96 |
| Itron, Inc. .........................................           | Count | 196 638 | 25 652 |  | USD | 47.85 | 9 033 779.36 | 1.24 |
| Marsh & McLennan Cos, Inc. .........................  | Count | 97 790 | 11 926 |  | USD | 153.69 | 14 429 794.47 | 1.98 |
| Microsoft Corp. ....................................  | Count | 93 075 | 8 667 |  | USD | 255.12 | 22 798 046.74 | 3.14 |
| NIO, Inc. -ADR- ....................................  | Count | 277 538 | 110 280 |  | USD | 21.03 | 5 603 789.53 | 0.77 |
| Nomad Foods Ltd ..................................  | Count | 868 967 | 349 755 |  | USD | 19.53 | 16 293 921.36 | 2.24 |
| NVIDIA Corp. ......................................  | Count | 33 654 |  |  | USD | 150.54 | 4 864 169.39 | 0.67 |
| NXP Semiconductors NV.............................  | Count | 36 822 | 11 700 |  | USD | 145.82 | 5 155 188.57 | 0.71 |
| Oatly Group AB -ADR- ...............................  | Count | 1 455 678 | 392 867 |  | USD | 3.28 | 4 584 154.55 | 0.63 |
| Owens Corning ....................................  | Count | 111 200 | 111 200 |  | USD | 73.71 | 7 869 575.15 | 1.08 |
| Republic Services, Inc. ..............................  | Count | 159 850 | 159 850 |  | USD | 129.33 | 19 848 697.21 | 2.73 |
| SolarEdge Technologies, Inc. ..........................      | Count | 63 074 | 24 991 |  | USD | 262.23 | 15 880 085.53 | 2.18 |
| Sunnova Energy International, Inc. .....................  | Count | 410 246 | 135 914 |  | USD | 17.68 | 6 963 806.65 | 0.96 |
| Switch, Inc. .......................................  | Count | 319 340 | 319 340 |  | USD | 33.51 | 10 274 195.78 | 1.41 |
| Synopsys, Inc. .....................................  | Count | 32 758 | 1 682 |  | USD | 302.29 | 9 507 388.65 | 1.31 |
| TE Connectivity Ltd .................................  | Count | 45 978 | 2 360 |  | USD | 110.55 | 4 880 102.14 | 0.67 |
| TopBuild Corp. .....................................  | Count | 69 106 | 8 452 |  | USD | 164.26 | 10 898 523.45 | 1.50 |
| Trimble, Inc. .......................................          | Count | 116 672 | 39 192 |  | USD | 57.91 | 6 486 946.20 | 0.89 |
| Verisk Analytics, Inc. ................................  | Count | 104 971 | 33 213 |  | USD | 170.04 | 17 137 225.81 | 2.36 |
| VMware, Inc. ......................................  | Count | 198 052 | 62 685 |  | USD | 113.65 | 21 610 696.35 | 2.97 |
| Weyerhaeuser Co. ..................................  | Count | 147 825 | 7 588 |  | USD | 32.65 | 4 633 948.06 | 0.64 |
| XPeng, Inc. -ADR- ..................................  | Count | 216 165 | 50 267 |  | USD | 30.63 | 6 357 003.68 | 0.87 |
| Xylem, Inc.........................................  | Count | 60 965 | 12 322 |  | USD | 77.01 | 4 507 625.12 | 0.62 |
| Zoetis, Inc.........................................  | Count | 83 278 | 4 275 |  | USD | 171.51 | 13 713 231.96 | 1.89 |
| Zoom Video Communications, Inc. .....................  | Count | 54 698 | 32 378 |  | USD | 107 | 5 619 210.65 | 0.77 |
| Total securities portfolio |  |  |  |  |  |  | 684 101 504.33 | 94.06 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Currency | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |
| Currency derivatives Receivables/payables |  |  |  | 599.40 | 0.00 |
| Forward currency transactions |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |
| Open positions USD/EUR 0.1 million ................................  |  |  |  | 408.89 | 0.00 |
| Forward currency transactions (short) |  |  |  |  |  |
| Open positions USD/CAD 0.1 million ................................  |  |  |  | -0.75 | 0.00 |
| USD/CHF 0.1 million ................................  |  |  |  | -3.83 | 0.00 |
| USD/DKK 0.1 million ................................  |  |  |  | 48.59 | 0.00 |
| USD/GBP 0.1 million ................................  |  |  |  | 29.07 | 0.00 |
| USD/HKD 0.1 million ................................  |  |  |  | 1.27 | 0.00 |
| USD/JPY 0.4 million ................................  |  |  |  | 15.84 | 0.00 |
| USD/KRW 3.5 million ...............................  |  |  |  | 28.68 | 0.00 |
| USD/NOK 0.1 million ................................  |  |  |  | 28.01 | 0.00 |
| USD/SEK 0.1 million ................................  |  |  |  | 30.46 | 0.00 |
| USD/TWD 0.1 million ...............................  |  |  |  | 13.17 | 0.00 |
| Cash at bank |  |  |  | 46 825 242.65 | 6.44 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  | 2 916 546.55 | 0.40 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |
| Danish krone ......................................  | DKK | 69 226 |  | 9 306.23 | 0.00 |
| Norwegian krone ...................................  | NOK | 96 098 |  | 9 304.08 | 0.00 |
| Swedish krona .....................................  | SEK | 100 671 |  | 9 399.33 | 0.01 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |
| British pound .....................................  | GBP | 7 984 |  | 9 322.67 | 0.00 |
| Hong Kong dollar ..................................  | HKD | 78 340 |  | 9 585.93 | 0.00 |
| Japanese yen......................................  | JPY | 1 357 030 |  | 9 586.10 | 0.00 |
| Canadian dollar ....................................  | CAD | 12 819 |  | 9 544.51 | 0.00 |
| New Taiwan dollar ..................................  | TWD | 77 978 026 |  | 2 517 945.30 | 0.35 |
| Swiss franc .......................................  | CHF | 9 459 |  | 9 501.66 | 0.00 |
| South Korean won ..................................  | KRW | 10 388 414 927 |  | 7 681 762.38 | 1.06 |
| U.S. dollar ........................................  | USD | 35 030 890 |  | 33 633 437.91 | 4.62 |
| Other assets |  |  |  | 740 798.83 | 0.11 |
| Dividends/Distributions receivable |  |  |  | 331 053.09 | 0.05 |
| Prepaid placement fee * |  |  |  | 402 621.06 | 0.06 |
| Other receivables |  |  |  | 7 124.68 | 0.00 |
| Receivables from share certificate transactions |  |  |  | 1 016 308.83 | 0.14 |
| Total assets ** |  |  |  | 732 684 458.62 | 100.75 |
| Other liabilities |  |  |  | -5 224 486.00 | -0.73 |
| Liabilities from cost items ............................  |  |  |  | -1 794 739.76 | -0.26 |
| Additional other liabilities.............................  |  |  |  | -3 429 746.24 | -0.47 |
| Liabilities from share certificate transactions |  |  |  | -155 999.99 | -0.02 |
| Total liabilities |  |  |  | -5 380 490.57 | -0.75 |
| Net assets |  |  |  | 727 303 968.05 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
A list of the transactions completed during the reporting period that no longer appear in the investment portfolio is available free of charge from the Management Company upon request.
| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Net asset value per share Class FC .........................................  | EUR | 163.23 |
| Class IC ..........................................  | EUR | 93.95 |
| Class LC .........................................  | EUR | 158.41 |
| Class LD .........................................  | EUR | 156.90 |
| Class NC .........................................  | EUR | 172.58 |
| Class PFC ........................................  | EUR | 128.37 |
| Class TFC.........................................  | EUR | 162.36 |
| Class TFD.........................................  | EUR | 157.56 |
| Class XC .........................................  | EUR | 165.11 |
| Class GBP D RD ...................................  | GBP | 86.03 |
| Class JPY FC ......................................  | JPY | 10 109.86 |
| Class USD FC .....................................  | USD | 146.47 |
| Class USD LC .....................................  | USD | 142.82 |
| Class USD LCH (P) .................................  | USD | 86.03 |
| Class USD TFC ....................................  | USD | 146.31 |
| Class USD TFCH (P). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | USD | 86.81 |
| Number of shares outstanding Class FC .........................................  | Count | 38 226.895 |
| Class IC ..........................................  | Count | 8 400.000 |
| Class LC .........................................  | Count | 627 975.238 |
| Class LD .........................................  | Count | 2 023 970.612 |
| Class NC .........................................  | Count | 223 988.456 |
| Class PFC ........................................  | Count | 358 312.000 |
| Class TFC.........................................  | Count | 191 644.435 |
| Class TFD.........................................  | Count | 7 453.659 |
| Class XC .........................................  | Count | 165 603.000 |
| Class GBP D RD ...................................  | Count | 100.000 |
| Class JPY FC ......................................  | Count | 1 859 556.000 |
| Class USD FC .....................................  | Count | 11 105.676 |
| Class USD LC .....................................  | Count | 35 559.889 |
| Class USD LCH (P) .................................  | Count | 1 061.000 |
| Class USD TFC ....................................  | Count | 139 540.182 |
| Class USD TFCH (P). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Count | 135.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI All Country World Index, in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 97.142 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 119.607 |
| Average market risk exposure ........................  | % | 106.810 |

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 0.0, whereby the total of the nominal amounts of the derivatives in relation to the fund’s assets was used for the calculation (sum-of-notional approach).
The gross exposure generated via derivatives pursuant to point 40 a) of the “Guidelines on ETFs and other UCITS issues” of the European Securities and Markets Authority (ESMA) totaled EUR 0.00 as of the reporting date.
 Market abbreviations	 Contracting parties for forward currency transactions
Crédit Suisse Bank Europe, Deutsche Bank AG, Morgan Stanley Europe SE, Royal Bank of Canada (UK), Société Générale, State Street Bank International GmbH and UBS AG.
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Canadian dollar ................. . | CAD | 1.343026 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Swiss franc .................... . | CHF | 0.995461 | = | EUR | 1 |
| Danish krone ................... . | DKK | 7.438694 | = | 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 |
| Norwegian krone ................ . | NOK | 10.328526 | = | EUR | 1 |
| Swedish krona.................. . | SEK | 10.710462 | = | EUR | 1 |
| New Taiwan dollar............... . | TWD | 30.968912 | = | 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 not valued at derived market values.
 Footnotes	
* 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 ESG Climate Tech
DWS INVEST ESG CLIMATE TECH

### Wertentwicklung der Anteilklassen (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LD | LU1863261647 | -17,2% |
| Klasse FC | LU1863264070 | -16,9% |
| Klasse IC | LU2437447688 | -6,0% 1) |
| Klasse LC | LU1863264153 | -17,2% |
| Klasse NC | LU1914384182 | -17,5% |
| Klasse PFC | LU2066748570 | -17,8% |
| Klasse TFC | LU1863261720 | -16,9% |
| Klasse TFD | LU1885667318 | -16,9% |
| Klasse XC | LU1863261993 | -16,8% |
| Klasse GBP D RD 2) | LU2380221429 | -15,2% |
| Klasse JPY FC 3) | LU2321750015 | -9,9% |
| Klasse USD FC 4) | LU1885667409 | -23,6% |
| Klasse USD LC 4) | LU1885667581 | -24,0% |
| Klasse USD LCH (P) 4) | LU2324798417 | -20,3% |
| Klasse USD TFC 4) | LU1885667664 | -23,7% |
| Klasse USD TFCH (P) 4) | LU2324798508 | -20,0% |

1) 
Klasse IC aufgelegt am 15.2.2022
2) 
in GBP
3) 
in JPY
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 ESG Climate Tech
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 86 027 914,63 | 11,84 |
| Telekommunikationsdienste | 20 967 713,64 | 2,88 |
| Dauerhafte Konsumgüter | 115 024 919,31 | 15,82 |
| Energie | 100 548 272,71 | 13,83 |
| Hauptverbrauchsgüter | 37 234 137,28 | 5,11 |
| Finanzsektor | 26 045 508,10 | 3,58 |
| Grundstoffe | 42 893 941,53 | 5,90 |
| Industrien | 193 142 954,91 | 26,54 |
| Versorger | 62 216 142,22 | 8,56 |
| Summe Aktien | 684 101 504,33 | 94,06 |
| 2. Derivate | 599,40 | 0,00 |
| 3. Bankguthaben | 46 825 242,65 | 6,44 |
| 4. Sonstige Vermögensgegenstände | 740 798,83 | 0,11 |
| 5. Forderungen aus Anteilscheingeschäften | 1 016 308,83 | 0,14 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -5 224 486,00 | -0,73 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -155 999,99 | -0,02 |
|  |  |  |
| III. Fondsvermögen | 727 303 968,05 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 684 101 504,33 | 94,06 |
| Aktien Stantec, Inc. ......................................  | Stück | 210 870 | 210 870 |  | CAD | 55,79 | 8 759 649,75 | 1,20 |
| SIG Combibloc Group AG ............................  | Stück | 294 003 | 118 715 |  | CHF | 20,76 | 6 131 332,85 | 0,84 |
| Sika AG ..........................................  | Stück | 19 713 | 5 860 |  | CHF | 217,2 | 4 301 187,00 | 0,59 |
| ALK-Abello A/S ....................................  | Stück | 437 410 | 437 410 |  | DKK | 124,1 | 7 297 326,40 | 1,00 |
| Novozymes A/S ...................................  | Stück | 110 221 | 5 658 |  | DKK | 424,4 | 6 288 441,21 | 0,87 |
| Orsted AS ........................................  | Stück | 98 246 | 21 389 |  | DKK | 733,3 | 9 685 004,92 | 1,33 |
| Air Liquide SA .....................................  | Stück | 87 736 | 47 645 |  | EUR | 128,34 | 11 260 038,24 | 1,55 |
| AIXTRON SE ......................................  | Stück | 245 470 | 245 470 |  | EUR | 23,7 | 5 817 639,00 | 0,80 |
| Alfen Beheer BV ...................................  | Stück | 81 674 | 14 448 |  | EUR | 86,9 | 7 097 470,60 | 0,98 |
| Alstom SA .......................................  | Stück | 266 614 | 119 102 |  | EUR | 21,36 | 5 694 875,04 | 0,78 |
| Arcadis NV .......................................  | Stück | 143 570 | 143 570 |  | EUR | 31,52 | 4 525 326,40 | 0,62 |
| Danone SA .......................................  | Stück | 93 984 | 9 284 | 86 880 | EUR | 52,97 | 4 978 332,48 | 0,68 |
| EDP Renovaveis SA ................................  | Stück | 397 041 | 133 272 |  | EUR | 22,26 | 8 838 132,66 | 1,22 |
| Enel SpA .........................................  | Stück | 1 573 690 | 1 573 690 |  | EUR | 5,215 | 8 206 793,35 | 1,13 |
| Fugro NV ........................................  | Stück | 829 534 | 171 310 |  | EUR | 11,93 | 9 896 340,62 | 1,36 |
| Kerry Group PLC ..................................  | Stück | 63 140 | 15 270 |  | EUR | 91,86 | 5 800 040,40 | 0,80 |
| Kingspan Group PLC ...............................  | Stück | 122 665 | 48 266 |  | EUR | 56,44 | 6 923 212,60 | 0,95 |
| Koninklijke DSM NV ................................  | Stück | 99 932 | 31 892 |  | EUR | 134 | 13 390 888,00 | 1,84 |
| Neste Oyj ........................................  | Stück | 317 908 | 42 844 |  | EUR | 41,82 | 13 294 912,56 | 1,83 |
| Nexans SA .......................................  | Stück | 201 307 | 47 227 |  | EUR | 73,4 | 14 775 933,80 | 2,03 |
| Schneider Electric SE ...............................  | Stück | 106 859 | 5 485 |  | EUR | 111,34 | 11 897 681,06 | 1,64 |
| Signify NV ........................................  | Stück | 669 617 | 225 975 |  | EUR | 31,07 | 20 805 000,19 | 2,86 |
| Solaria Energia y Medio Ambiente SA ..................  | Stück | 406 572 | 57 498 |  | EUR | 19,955 | 8 113 144,26 | 1,12 |
| STMicroelectronics NV ..............................  | Stück | 361 635 | 169 269 |  | EUR | 29,465 | 10 655 575,28 | 1,47 |
| Veolia Environnement SA ............................  | Stück | 399 973 | 20 531 |  | EUR | 23,04 | 9 215 377,92 | 1,27 |
| Drax Group PLC ...................................  | Stück | 1 192 374 | 76 210 | 292 110 | GBP | 6,37 | 8 868 683,52 | 1,22 |
| Ferguson PLC .....................................  | Stück | 66 028 | 15 362 |  | GBP | 90,74 | 6 995 747,81 | 0,96 |
| Smurfit Kappa Group PLC ...........................  | Stück | 244 816 | 75 340 |  | GBP | 27,03 | 7 726 682,57 | 1,06 |
| BYD Co., Ltd .....................................  | Stück | 235 000 | 235 000 |  | HKD | 314 | 9 029 155,96 | 1,24 |
| Xinyi Solar Holdings Ltd .............................  | Stück | 3 836 000 | 1 250 000 | 2 140 000 | HKD | 12,12 | 5 688 933,57 | 0,78 |
| Central Japan Railway Co. ...........................  | Stück | 114 200 | 44 000 |  | JPY | 15 655 | 12 629 084,67 | 1,74 |
| Ebara Corp. .......................................  | Stück | 226 500 | 40 200 |  | JPY | 5 080 | 8 128 017,27 | 1,12 |
| Samsung SDI Co., Ltd ..............................  | Stück | 27 183 | 16 381 |  | KRW | 532 000 | 10 693 517,86 | 1,47 |
| Mowi ASA .......................................  | Stück | 503 771 | 121 713 |  | NOK | 225,5 | 10 998 700,64 | 1,51 |
| Scatec ASA .......................................  | Stück | 421 329 | 153 549 |  | NOK | 85,38 | 3 482 885,32 | 0,48 |
| TOMRA Systems ASA ..............................  | Stück | 350 098 | 350 098 |  | NOK | 182,32 | 6 179 959,29 | 0,85 |
| MIPS AB .........................................  | Stück | 65 696 | 21 103 |  | SEK | 440,9 | 2 704 399,41 | 0,37 |
| Nibe Industrier AB -B- ..............................  | Stück | 658 240 | 658 240 |  | SEK | 75,96 | 4 668 324,45 | 0,64 |
| Sweco AB -B- .....................................  | Stück | 509 141 | 26 135 |  | SEK | 105,6 | 5 019 885,31 | 0,69 |
| Chroma ATE, Inc. ..................................  | Stück | 970 000 | 50 000 |  | TWD | 153 | 4 792 225,21 | 0,66 |
| Voltronic Power Technology Corp. .....................  | Stück | 94 000 | 94 000 |  | TWD | 1 445 | 4 386 011,39 | 0,60 |
| American Water Works Co, Inc. ......................  | Stück | 59 716 | 13 216 |  | USD | 146,06 | 8 374 176,19 | 1,15 |
| Aptiv PLC ........................................  | Stück | 78 066 | 24 935 |  | USD | 87,31 | 6 544 040,89 | 0,90 |
| Array Technologies, Inc. .............................  | Stück | 1 084 344 | 381 884 |  | USD | 10,6 | 11 035 525,90 | 1,52 |
| Darling Ingredients, Inc. .............................  | Stück | 394 670 | 20 788 | 10 300 | USD | 61,72 | 23 387 301,89 | 3,22 |
| Ecolab, Inc. .......................................  | Stück | 29 211 | 5 977 |  | USD | 150,75 | 4 227 891,51 | 0,58 |
| Emergent BioSolutions, Inc. ..........................  | Stück | 128 169 | 24 970 |  | USD | 30,37 | 3 737 213,22 | 0,51 |
| Enphase Energy, Inc. ...............................  | Stück | 56 848 | 14 843 |  | USD | 185,26 | 10 111 531,48 | 1,39 |
| Eversource Energy .................................  | Stück | 112 222 | 22 552 |  | USD | 83,79 | 9 027 973,66 | 1,24 |
| First Solar, Inc. ....................................  | Stück | 132 652 | 50 990 |  | USD | 66,05 | 8 412 144,28 | 1,16 |
| Fluence Energy, Inc. ................................  | Stück | 881 634 | 788 813 |  | USD | 9,06 | 7 668 962,54 | 1,05 |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. ..  | Stück | 200 991 | 74 020 |  | USD | 36,18 | 6 981 765,57 | 0,96 |
| Itron, Inc. ........................................  | Stück | 196 638 | 25 652 |  | USD | 47,85 | 9 033 779,36 | 1,24 |
| Marsh & McLennan Cos, Inc. ........................  | Stück | 97 790 | 11 926 |  | USD | 153,69 | 14 429 794,47 | 1,98 |
| Microsoft Corp. ...................................  | Stück | 93 075 | 8 667 |  | USD | 255,12 | 22 798 046,74 | 3,14 |
| NIO, Inc. -ADR- ....................................  | Stück | 277 538 | 110 280 |  | USD | 21,03 | 5 603 789,53 | 0,77 |
| Nomad Foods Ltd ..................................  | Stück | 868 967 | 349 755 |  | USD | 19,53 | 16 293 921,36 | 2,24 |
| NVIDIA Corp. .....................................  | Stück | 33 654 |  |  | USD | 150,54 | 4 864 169,39 | 0,67 |
| NXP Semiconductors NV ............................  | Stück | 36 822 | 11 700 |  | USD | 145,82 | 5 155 188,57 | 0,71 |
| Oatly Group AB -ADR- ..............................  | Stück | 1 455 678 | 392 867 |  | USD | 3,28 | 4 584 154,55 | 0,63 |
| Owens Corning ...................................  | Stück | 111 200 | 111 200 |  | USD | 73,71 | 7 869 575,15 | 1,08 |
| Republic Services, Inc. ..............................  | Stück | 159 850 | 159 850 |  | USD | 129,33 | 19 848 697,21 | 2,73 |
| SolarEdge Technologies, Inc. .........................  | Stück | 63 074 | 24 991 |  | USD | 262,23 | 15 880 085,53 | 2,18 |
| Sunnova Energy International, Inc. .....................  | Stück | 410 246 | 135 914 |  | USD | 17,68 | 6 963 806,65 | 0,96 |
| Switch, Inc. .......................................  | Stück | 319 340 | 319 340 |  | USD | 33,51 | 10 274 195,78 | 1,41 |
| Synopsys, Inc. ....................................  | Stück | 32 758 | 1 682 |  | USD | 302,29 | 9 507 388,65 | 1,31 |
| TE Connectivity Ltd ................................  | Stück | 45 978 | 2 360 |  | USD | 110,55 | 4 880 102,14 | 0,67 |
| TopBuild Corp. ....................................  | Stück | 69 106 | 8 452 |  | USD | 164,26 | 10 898 523,45 | 1,50 |
| Trimble, Inc. ......................................  | Stück | 116 672 | 39 192 |  | USD | 57,91 | 6 486 946,20 | 0,89 |
| Verisk Analytics, Inc. ...............................  | Stück | 104 971 | 33 213 |  | USD | 170,04 | 17 137 225,81 | 2,36 |
| VMware, Inc. .....................................  | Stück | 198 052 | 62 685 |  | USD | 113,65 | 21 610 696,35 | 2,97 |
| Weyerhaeuser Co. .................................  | Stück | 147 825 | 7 588 |  | USD | 32,65 | 4 633 948,06 | 0,64 |
| XPeng, Inc. -ADR- ..................................  | Stück | 216 165 | 50 267 |  | USD | 30,63 | 6 357 003,68 | 0,87 |
| Xylem, Inc. .......................................  | Stück | 60 965 | 12 322 |  | USD | 77,01 | 4 507 625,12 | 0,62 |
| Zoetis, Inc. .......................................  | Stück | 83 278 | 4 275 |  | USD | 171,51 | 13 713 231,96 | 1,89 |
| Zoom Video Communications, Inc. ....................  | Stück | 54 698 | 32 378 |  | USD | 107 | 5 619 210,65 | 0,77 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 684 101 504,33 | 94,06 |

| Stück bzw. Wertpapierbezeichnung	Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |
| Devisen-Derivate Forderungen/Verbindlichkeiten | 599,40 | 0,00 |
| Devisentermingeschäfte |  |  |
| Devisentermingeschäfte (Kauf) |  |  |
| Offene Positionen USD/EUR 0,1 Mio. .................................  | 408,89 | 0,00 |
| Devisentermingeschäfte (Verkauf) |  |  |
| Offene Positionen USD/CAD 0,1 Mio. .................................  | -0,75 | 0,00 |
| USD/CHF 0,1 Mio. .................................  | -3,83 | 0,00 |
| USD/DKK 0,1 Mio. .................................  | 48,59 | 0,00 |
| USD/GBP 0,1 Mio. .................................  | 29,07 | 0,00 |
| USD/HKD 0,1 Mio. .................................  | 1,27 | 0,00 |
| USD/JPY 0,4 Mio. .................................  | 15,84 | 0,00 |
| USD/KRW 3,5 Mio. ................................  | 28,68 | 0,00 |
| USD/NOK 0,1 Mio. .................................  | 28,01 | 0,00 |
| USD/SEK 0,1 Mio. .................................  | 30,46 | 0,00 |
| USD/TWD 0,1 Mio. ................................  | 13,17 | 0,00 |
| Bankguthaben | 46 825 242,65 | 6,44 |
| Verwahrstelle (täglich fällig) EUR-Guthaben	EUR | 2 916 546,55 | 0,40 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |
| Dänische Kronen ..................................	DKK	69 226 | 9 306,23 | 0,00 |
| Norwegische Kronen ...............................	NOK	96 098 | 9 304,08 | 0,00 |
| Schwedische Kronen ...............................	SEK	100 671 | 9 399,33 | 0,01 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |
| Britisches Pfund ...................................	GBP	7 984 | 9 322,67 | 0,00 |
| Hongkong Dollar ...................................	HKD	78 340 | 9 585,93 | 0,00 |
| Japanischer Yen ...................................	JPY	1 357 030 | 9 586,10 | 0,00 |
| Kanadischer Dollar .................................	CAD	12 819 | 9 544,51 | 0,00 |
| Neue Taiwan Dollar ................................	TWD	77 978 026 | 2 517 945,30 | 0,35 |
| Schweizer Franken .................................	CHF	9 459 | 9 501,66 | 0,00 |
| Südkoreanischer Won ..............................	KRW 10 388 414 927 | 7 681 762,38 | 1,06 |
| US-Dollar ........................................	USD	35 030 890 | 33 633 437,91 | 4,62 |
| Sonstige Vermögensgegenstände | 740 798,83 | 0,11 |
| Dividenden- / Ausschüttungsansprüche | 331 053,09 | 0,05 |
| Abgegrenzte Platzierungsgebühr * | 402 621,06 | 0,06 |
| Sonstige Ansprüche | 7 124,68 | 0,00 |
| Forderungen aus Anteilscheingeschäften | 1 016 308,83 | 0,14 |
| Summe der Vermögensgegenstände ** | 732 684 458,62 | 100,75 |
| Sonstige Verbindlichkeiten | -5 224 486,00 | -0,73 |
| Verbindlichkeiten aus Kostenpositionen ................  | -1 794 739,76 | -0,26 |
| Andere sonstige Verbindlichkeiten .....................  | -3 429 746,24 | -0,47 |
| Verbindlichkeiten aus Anteilscheingeschäften | -155 999,99 | -0,02 |
| Summe der Verbindlichkeiten | -5 380 490,57 | -0,75 |
| Fondsvermögen | 727 303 968,05 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

Eine Aufstellung über die während des Berichtszeitraums abgeschlossenen Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen, ist auf Anforderung kostenlos bei der Verwaltungsgesellschaft erhältlich.
| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Anteilwert Klasse FC ........................................  | EUR | 163,23 |
| Klasse IC .........................................  | EUR | 93,95 |
| Klasse LC ........................................  | EUR | 158,41 |
| Klasse LD ........................................  | EUR | 156,90 |
| Klasse NC ........................................  | EUR | 172,58 |
| Klasse PFC .......................................  | EUR | 128,37 |
| Klasse TFC .......................................  | EUR | 162,36 |
| Klasse TFD .......................................  | EUR | 157,56 |
| Klasse XC ........................................  | EUR | 165,11 |
| Klasse GBP D RD ..................................  | GBP | 86,03 |
| Klasse JPY FC ....................................  | JPY | 10 109,86 |
| Klasse USD FC ....................................  | USD | 146,47 |
| Klasse USD LC ....................................  | USD | 142,82 |
| Klasse USD LCH (P) ................................  | USD | 86,03 |
| Klasse USD TFC ...................................  | USD | 146,31 |
| Klasse USD TFCH (P) ...............................  | USD | 86,81 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 38 226,895 |
| Klasse IC .........................................  | Stück | 8 400,000 |
| Klasse LC ........................................  | Stück | 627 975,238 |
| Klasse LD ........................................  | Stück | 2 023 970,612 |
| Klasse NC ........................................  | Stück | 223 988,456 |
| Klasse PFC .......................................  | Stück | 358 312,000 |
| Klasse TFC .......................................  | Stück | 191 644,435 |
| Klasse TFD .......................................  | Stück | 7 453,659 |
| Klasse XC ........................................  | Stück | 165 603,000 |
| Klasse GBP D RD ..................................  | Stück | 100,000 |
| Klasse JPY FC ....................................  | Stück | 1 859 556,000 |
| Klasse USD FC ....................................  | Stück | 11 105,676 |
| Klasse USD LC ....................................  | Stück | 35 559,889 |
| Klasse USD LCH (P) ................................  | Stück | 1 061,000 |
| Klasse USD TFC ...................................  | Stück | 139 540,182 |
| Klasse USD TFCH (P) ...............................  | Stück | 135,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI All Country World Index, in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 97,142 |
| --- | --- | --- |
| größter potenzieller Risikobetrag  .....................  | % | 119,607 |
| durchschnittlicher potenzieller Risikobetrag . . . . . . . . . . . . . | % | 106,810 |

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 0,0, 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 0,00.
 Marktschlüssel	 Vertragspartner der Devisentermingeschäfte
Crédit Suisse Bank Europe, Deutsche Bank AG, Morgan Stanley Europe SE, Royal Bank of Canada (UK), Société Générale, State Street Bank International GmbH und UBS AG.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Kanadischer Dollar ...............  | CAD | 1,343026 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Schweizer Franken ...............  | CHF | 0,995461 | = | EUR | 1 |
| Dänische Kronen ................  | DKK | 7,438694 | = | 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 |
| Norwegische Kronen .............  | NOK | 10,328526 | = | EUR | 1 |
| Schwedische Kronen .............  | SEK | 10,710462 | = | EUR | 1 |
| Neue Taiwan Dollar ..............  | TWD | 30,968912 | = | 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 nicht zu abgeleiteten Verkehrswerten bewertet.
 Fußnoten	
* 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.