# Sector Positioning
Security Holdings (excl. Derivatives)
Contribution to Duration Times Spread (incl. Derivatives)
|  | Fund | Index | Relative | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- |
| Treasury | 3.03 | 0.00 | 3.03 | 60 | 0 | 60 |
| Quasi / Sov / Supra / Agncy | 20.61 | 25.42 | -4.81 | 574 | 252 | 322 |
| Agency Mortgages | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Banks & Brokers | 12.55 | 19.69 | -7.14 | 191 | 189 | 2 |
| Insurance | 1.02 | 1.19 | -0.17 | 14 | 15 | 0 |
| Property | 4.82 | 2.23 | 2.59 | 191 | 44 | 148 |
| Other Financials | 1.94 | 1.71 | 0.23 | 55 | 24 | 31 |
| Basic Industry | 7.21 | 8.49 | -1.27 | 171 | 147 | 24 |
| Capital Goods | 1.43 | 2.18 | -0.75 | 40 | 26 | 14 |
| Consumer Cyclical | 8.32 | 5.61 | 2.72 | 223 | 120 | 103 |
| Consumer Non Cyclical | 4.78 | 5.17 | -0.39 | 88 | 93 | -6 |
| Energy | 6.51 | 6.75 | -0.25 | 178 | 119 | 59 |
| Transportation | 2.51 | 2.00 | 0.52 | 83 | 42 | 41 |
| Technology | 1.56 | 4.20 | -2.63 | 31 | 43 | -13 |
| Communications | 5.13 | 6.37 | -1.24 | 113 | 108 | 4 |
| Industrial Other | 2.51 | 2.57 | -0.05 | 52 | 27 | 25 |
| Utility | 9.13 | 6.36 | 2.77 | 222 | 118 | 104 |
| Covered | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Non Agency | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| ABS / MBS | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Unclassified | 0.00 | 0.08 | -0.08 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0.00 | 0.00 | 0.00 | -77 | 0 | -77 |
| Interest Rate Derivatives | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| FX / Derivative P&L | 0.51 | 0.00 | 0.51 | 5 | 0 | 5 |
| Cash | 6.41 | 0.00 | 6.41 | 0 | 0 | 0 |
| Rounding adjustment | 0.02 | -0.02 | - | 0 | 0 | 0 |
| Total | 100.00 | 100.00 | - | 2214 | 1367 | 846 |

Security Holdings as a percent of total net assets. Contribution to duration-times-spread (DTS) in the appropriate unit of measure. DTS includes the effect of derivatives. ‘FX / Derivative P&L’ includes collateral balances with counterparties arising from derivatives used in the fund (this can lead to a negative balance).

Translation (ENDE, 2022-08-31):
# Branchen-Aufteilung
Wertpapierbestände (ohne Derivate)
Beitrag zu Duration Times Spread (mit Derivaten)
|  | Fonds | Index | Relativ | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- |
| Staatsanleihen | 3,03 | 0,00 | 3,03 | 60 | 0 | 60 |
| Quasi - Staatsanleihen | 20,61 | 25,42 | -4,81 | 574 | 252 | 322 |
| Agency-Hypotheken | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Banken & Broker | 12,55 | 19,69 | -7,14 | 191 | 189 | 2 |
| Versicherungen | 1,02 | 1,19 | -0,17 | 14 | 15 | 0 |
| Immobilien | 4,82 | 2,23 | 2,59 | 191 | 44 | 148 |
| andere Finanzunternehmen | 1,94 | 1,71 | 0,23 | 55 | 24 | 31 |
| Basisindustrie | 7,21 | 8,49 | -1,27 | 171 | 147 | 24 |
| Investitionsgüter | 1,43 | 2,18 | -0,75 | 40 | 26 | 14 |
| Zyklische Konsumgüter | 8,32 | 5,61 | 2,72 | 223 | 120 | 103 |
| Nichtzyklische Konsumwerte | 4,78 | 5,17 | -0,39 | 88 | 93 | -6 |
| Energie | 6,51 | 6,75 | -0,25 | 178 | 119 | 59 |
| Transport | 2,51 | 2,00 | 0,52 | 83 | 42 | 41 |
| Technologie | 1,56 | 4,20 | -2,63 | 31 | 43 | -13 |
| Kommunikation | 5,13 | 6,37 | -1,24 | 113 | 108 | 4 |
| Andere Industriezweige | 2,51 | 2,57 | -0,05 | 52 | 27 | 25 |
| Versorger | 9,13 | 6,36 | 2,77 | 222 | 118 | 104 |
| kursgesichert | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Nicht staatlich | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| ABS / MBS | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Ohne Zuordnung | 0,00 | 0,08 | -0,08 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0,00 | 0,00 | 0,00 | -77 | 0 | -77 |
| Zinsderivate | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| FX/Derivative P&L | 0,51 | 0,00 | 0,51 | 5 | 0 | 5 |
| Liquide Mittel | 6,41 | 0,00 | 6,41 | 0 | 0 | 0 |
| Rundungsausgleich | 0,02 | -0,02 | - | 0 | 0 | 0 |
| Summe | 100,00 | 100,00 | - | 2214 | 1367 | 846 |

Wertpapierbestände in Prozent des Gesamtnettovermögens. Der Beitrag zu Duration Times Spread (DTS) ist in der entsprechenden Maßeinheit angegeben. DTS berücksichtigt auch den Effekt von Derivaten. "FX/Derivate G&V" enthält Salden mit Gegenparteien für Sicherheiten, die aus vom Fonds verwendeten Derivaten resultieren (negativer Saldo möglich).