# DWS Invest SDG Corporate Bonds
DWS INVEST SDG CORPORATE BONDS

### Performance of share classes (in EUR)
| Share class | ISIN | Since inception 1 |
| --- | --- | --- |
| Class LC | LU2442814435 | -9.1% |
| Class FC | LU2442814278 | -9.1% |
| Class TFC | LU2442814518 | -9.1% |
| Class XC | LU2442814609 | -9.0% |
| 1  Launched on March 31, 2022 |  |  |

“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 SDG Corporate Bonds
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 8 738 985.11 | 95.80 |
| Total bonds | 8 738 985.11 | 95.80 |
| 2. Derivatives | -12 964.03 | -0.14 |
| 3. Cash at bank | 350 851.79 | 3.84 |
| 4. Other assets | 49 578.87 | 0.54 |
| II. Liabilities |  |  |
| 1. Other liabilities | -4 247.51 | -0.04 |
| III. Net assets | 9 122 204.23 | 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 |  |  |  |  |  |  | 8 738 985.11 | 95.80 |
| Interest-bearing securities 1.50  % A2A SpA (MTN) 2022/2028...................  | EUR | 100 000 | 100 000 |  | % | 89.67 | 89 670.00 | 0.98 |
| 2.50  % A2A SpA (MTN) 2022/2026...................  | EUR | 100 000 | 100 000 |  | % | 98.237 | 98 237.00 | 1.08 |
| 0.50  % ABN AMRO Bank NV (MTN) 2021/2029 .........  1.375 % Acciona Energia Financiacion Filiales SA (MTN) 2022/2032 ................................  | EUR EUR | 100 000 100 000 | 100 000 100 000 |  | % % | 80.897 81.699 | 80 897.00 81 699.00 | 0.89 0.90 |
| 2.375 % Accor SA (MTN) 2021/2028 ..................  | EUR | 100 000 | 100 000 |  | % | 79.677 | 79 677.00 | 0.87 |
| 1.75  % Aeroporti di Roma SpA (MTN) 2021/2031 .......  | EUR | 100 000 | 100 000 |  | % | 76.59 | 76 590.00 | 0.84 |
| 0.50  % AIB Group PLC (MTN) 2021/2027 * ............  | EUR | 100 000 | 100 000 |  | % | 86.654 | 86 654.00 | 0.95 |
| 0.00  % Apple, Inc. (MTN) 2019/2025 .................  | EUR | 100 000 | 100 000 |  | % | 94.236 | 94 236.00 | 1.03 |
| 2.35  % AT&T, Inc. 2018/2029 .......................  | EUR | 100 000 | 100 000 |  | % | 96.073 | 96 073.00 | 1.05 |
| 0.875 % Banco de Sabadell SA (MTN) 2021/2028 *.......  | EUR | 100 000 | 100 000 |  | % | 82.051 | 82 051.00 | 0.90 |
| 0.625 % Banco Santander SA (MTN) 2021/2029 * ........  | EUR | 100 000 | 100 000 |  | % | 83.949 | 83 949.00 | 0.92 |
| 1.375 % Bank of Ireland Group PLC (MTN) 2021/2031 * ...  | EUR | 100 000 | 100 000 |  | % | 85.618 | 85 618.00 | 0.94 |
| 0.625 % Bankinter SA (MTN) 2020/2027 ...............  0.10 % Banque Federative du Credit Mutuel SA (MTN) 2020/2027 ................................  | EUR EUR | 100 000 100 000 | 100 000 100 000 |  | % % | 85.255 87.335 | 85 255.00 87 335.00 | 0.93 0.96 |
| 0.375 % Belfius Bank SA (MTN) 2021/2027 .............  | EUR | 100 000 | 100 000 |  | % | 87.381 | 87 381.00 | 0.96 |
| 0.50  % BNP Paribas SA (MTN) 2019/2026 *............  | EUR | 100 000 | 100 000 |  | % | 93.199 | 93 199.00 | 1.02 |
| 0.50  % BNP Paribas SA (MTN) 2021/2028 *............  | EUR | 100 000 | 100 000 |  | % | 86.676 | 86 676.00 | 0.95 |
| 0.625 % Boston Scientific Corp. (MTN) 2019/2027. . . . . . . . | EUR | 100 000 | 100 000 |  | % | 88.207 | 88 207.00 | 0.97 |
| 2.25  % Bouygues SA (MTN) 2022/2029 ...............  | EUR | 100 000 | 100 000 |  | % | 94.218 | 94 218.00 | 1.03 |
| 1.25  % Commerzbank AG (MTN) 2018/2023 ...........  | EUR | 100 000 | 100 000 |  | % | 98.727 | 98 727.00 | 1.08 |
| 3.00  % Commerzbank AG (MTN) 2022/2027 *..........  | EUR | 100 000 | 100 000 |  | % | 97.679 | 97 679.00 | 1.07 |
| 3.125 % Constellium SE -Reg- (MTN) 2021/2029 .........  | EUR | 100 000 | 100 000 |  | % | 77.393 | 77 393.00 | 0.85 |
| 0.375 % Credit Agricole SA (MTN) 2019/2025 ...........  | EUR | 100 000 | 100 000 |  | % | 92.962 | 92 962.00 | 1.02 |
| 2.125 % Credit Suisse Group AG 2022/2026 * ...........  | EUR | 100 000 | 100 000 |  | % | 93.312 | 93 312.00 | 1.02 |
| 1.375 % Danske Bank A/S (MTN) 2022/2027 * ..........  | EUR | 100 000 | 100 000 |  | % | 93.127 | 93 127.00 | 1.02 |
| 1.375 % Deutsche Bank AG (MTN) 2020/2026 * .........  | EUR | 100 000 | 100 000 |  | % | 96.895 | 96 895.00 | 1.06 |
| 1.875 % Deutsche Bank AG (MTN) 2022/2028 * .........  | EUR | 100 000 | 100 000 |  | % | 90.298 | 90 298.00 | 0.99 |
| 1.25  % E.ON International Finance BV (MTN) 2017/2027..  | EUR | 100 000 | 100 000 |  | % | 92.449 | 92 449.00 | 1.01 |
| 4.496 % EDP - Energias de Portugal SA 2019/2079 * .....  | EUR | 100 000 | 100 000 |  | % | 97.119 | 97 119.00 | 1.06 |
| 0.00  % Enel Finance International NV (MTN) 2021/2027 ..  | EUR | 100 000 | 100 000 |  | % | 86.679 | 86 679.00 | 0.95 |
| 0.375 % Enel Finance International NV (MTN) 2021/2029 ..  | EUR | 100 000 | 100 000 |  | % | 81.853 | 81 853.00 | 0.90 |
| 0.375 % Enexis Holding NV (MTN) 2021/2033 ...........  | EUR | 100 000 | 100 000 |  | % | 76.454 | 76 454.00 | 0.84 |
| 1.875 % Engie SA 2021/perpetual * ...................  | EUR | 100 000 | 100 000 |  | % | 69.283 | 69 283.00 | 0.76 |
| 2.375 % EQT AB (MTN) 2022/2028 ...................  | EUR | 100 000 | 100 000 |  | % | 91.266 | 91 266.00 | 1.00 |
| 0.25  % Equinix, Inc. (MTN) 2021/2027 ................  | EUR | 100 000 | 100 000 |  | % | 86.542 | 86 542.00 | 0.95 |
| 4.00  % Erste Group Bank AG (MTN) 2022/2033 * .......  | EUR | 100 000 | 100 000 |  | % | 95.281 | 95 281.00 | 1.04 |
| 1.113 % Eurogrid GmbH (MTN) 2020/2032 .............  | EUR | 100 000 | 100 000 |  | % | 82.023 | 82 023.00 | 0.90 |
| 0.25  % EWE AG (MTN) 2021/2028 ...................  | EUR | 100 000 | 100 000 |  | % | 83.547 | 83 547.00 | 0.92 |
| 2.75  % Faurecia SE (MTN) 2021/2027 ................  | EUR | 100 000 | 100 000 |  | % | 78.241 | 78 241.00 | 0.86 |
| 1.875 % Fresenius SE & Co., KGaA (MTN) 2022/2025 .....  | EUR | 20 000 | 20 000 |  | % | 97.35 | 19 470.00 | 0.21 |
| 3.50  % Getlink SE (MTN) 2020/2025..................  | EUR | 100 000 | 100 000 |  | % | 95.868 | 95 868.00 | 1.05 |
| 0.25  % Goldman Sachs Group, Inc. (MTN) 2021/2028 ....  | EUR | 70 000 | 70 000 |  | % | 83.788 | 58 651.60 | 0.64 |
| 1.00  % Hera SpA (MTN) 2021/2034 ..................  | EUR | 100 000 | 100 000 |  | % | 69.79 | 69 790.00 | 0.77 |
| 2.125 % ING Groep NV (MTN) 2022/2026 * .............  | EUR | 100 000 | 100 000 |  | % | 97.428 | 97 428.00 | 1.07 |
| 1.50  % Intesa Sanpaolo SpA (MTN) 2019/2024 .........  | EUR | 100 000 | 100 000 |  | % | 99.154 | 99 154.00 | 1.09 |
| 1.50  % Iren SpA (MTN) 2017/2027 ...................  | EUR | 100 000 | 100 000 |  | % | 91.104 | 91 104.00 | 1.00 |
| 0.375 % KBC Group NV (MTN) 2020/2027 * ............  | EUR | 100 000 | 100 000 |  | % | 90.433 | 90 433.00 | 0.99 |
| 0.375 % Koninklijke Ahold Delhaize NV (MTN) 2021/2030 ..  | EUR | 100 000 | 100 000 |  | % | 80.339 | 80 339.00 | 0.88 |
| 0.875 % Koninklijke KPN NV (MTN) 2021/2033 ..........  | EUR | 100 000 | 100 000 |  | % | 77.374 | 77 374.00 | 0.85 |
| 0.50  % Koninklijke Philips NV (MTN) 2019/2026 .........  | EUR | 100 000 | 100 000 |  | % | 92.788 | 92 788.00 | 1.02 |
| 1.375 % La Banque Postale SA (MTN) 2019/2029 ........  | EUR | 100 000 | 100 000 |  | % | 87.31 | 87 310.00 | 0.96 |
| 1.45  % La Poste SA (MTN) 2018/2028 ................  0.375 % Landesbank Baden-Wuerttemberg (MTN) 2019/2024 ................................  | EUR EUR | 100 000 100 000 | 100 000 100 000 |  | % % | 94.23 96.458 | 94 230.00 96 458.00 | 1.03 1.06 |
| 1.75  % Lanxess AG (MTN) 2022/2028 ................  | EUR | 100 000 | 100 000 |  | % | 89.669 | 89 669.00 | 0.98 |
| 0.375 % Legrand SA (MTN) 2021/2031.................  | EUR | 100 000 | 100 000 |  | % | 79.232 | 79 232.00 | 0.87 |
| 0.956 % Mizuho Financial Group, Inc. (MTN) 2017/2024 ...  | EUR | 100 000 | 100 000 |  | % | 96.965 | 96 965.00 | 1.06 |
| 0.25  % National Grid PLC (MTN) 2021/2028 ............  0.50 % Nationale-Nederlanden Bank NV/The Netherlands (MTN) 2021/2028 ..........................  | EUR EUR | 100 000 100 000 | 100 000 100 000 |  | % % | 82.351 83.626 | 82 351.00 83 626.00 | 0.90 0.92 |
| 1.125 % Nordea Bank Abp (MTN) 2022/2027 ............  | EUR | 100 000 | 100 000 |  | % | 92.059 | 92 059.00 | 1.01 |
| 0.625 % OP Corporate Bank plc (MTN) 2022/2027........  | EUR | 100 000 | 100 000 |  | % | 87.578 | 87 578.00 | 0.96 |
| 3.50  % Paprec Holding SA -Reg- (MTN) 2021/2028 ......  | EUR | 100 000 | 100 000 |  | % | 78.504 | 78 504.00 | 0.86 |
| 0.625 % PostNL NV (MTN) 2019/2026 .................  1.625 % Prologis International Funding II SA (MTN) 2020/2032 ................................  | EUR EUR | 100 000 125 000 | 100 000 125 000 |  | % % | 92.146 78.894 | 92 146.00 98 617.50 | 1.01 1.08 |
| 0.375 % Raiffeisen Bank International AG (MTN) |  |  |  |  |  |  |  |  |
| 2019/2026 ................................  | EUR | 100 000 | 100 000 | % | 87.286 | 87 286.00 | 0.96 |
| 3.875 % Rentokil Initial Finance BV (MTN) 2022/2027 .....  | EUR | 100 000 | 100 000 | % | 101.71 | 101 710.00 | 1.12 |
| 2.125 % Rexel SA (MTN) 2021/2028...................  | EUR | 100 000 | 100 000 | % | 79.185 | 79 185.00 | 0.87 |
| 1.125 % SBB Treasury Oyj (MTN) 2021/2029 ............  | EUR | 100 000 | 100 000 | % | 60.238 | 60 238.00 | 0.66 |
| 0.875 % SKF AB (MTN) 2019/2029 ....................  | EUR | 100 000 | 100 000 | % | 87.813 | 87 813.00 | 0.96 |
| 0.75  % Snam SpA (MTN) 2022/2029 .................  | EUR | 100 000 | 100 000 | % | 83.11 | 83 110.00 | 0.91 |

DWS Invest SDG Corporate Bonds
| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0.875 % Societe Generale SA (MTN) 2020/2028 * ........  | EUR | 100 000 | 100 000 |  | % | 87.184 | 87 184.00 | 0.96 |
| 0.50  % Stedin Holding NV (MTN) 2019/2029 ...........  | EUR | 100 000 | 100 000 |  | % | 82.507 | 82 507.00 | 0.90 |
| 0.01  % Svenska Handelsbanken AB (MTN) 2020/2027 ...  | EUR | 100 000 | 100 000 |  | % | 85.444 | 85 444.00 | 0.94 |
| 0.30  % Swedbank AB (MTN) 2021/2027 * .............  | EUR | 100 000 | 100 000 |  | % | 89.947 | 89 947.00 | 0.99 |
| 2.00  % Takeda Pharmaceutical Co., Ltd 2020/2040 ......  | EUR | 100 000 | 100 000 |  | % | 75.86 | 75 860.00 | 0.83 |
| 1.75  % Talanx AG 2021/2042 * ......................  | EUR | 100 000 | 100 000 |  | % | 77.743 | 77 743.00 | 0.85 |
| 2.502 % Telefonica Europe BV 2020/perpetual * .........  | EUR | 100 000 | 100 000 |  | % | 82.037 | 82 037.00 | 0.90 |
| 1.375 % Telia Co. AB 2020/2081 * ....................  | EUR | 100 000 | 100 000 |  | % | 88.89 | 88 890.00 | 0.97 |
| 2.995 % TenneT Holding BV 2017/perpetual * ...........  | EUR | 100 000 | 100 000 |  | % | 96.462 | 96 462.00 | 1.06 |
| 2.375 % Terna - Rete Elettrica Nazionale 2022/perpetual * . | EUR | 100 000 | 100 000 |  | % | 74.95 | 74 950.00 | 0.82 |
| 2.375 % UNIQA Insurance Group AG 2021/2041 * .......  | EUR | 100 000 | 100 000 |  | % | 75.405 | 75 405.00 | 0.83 |
| 2.25  % UPM-Kymmene Oyj (MTN) 2022/2029 ..........  1.50  % Vestas Wind Systems Finance BV (MTN) 2022/2029 ................................  | EUR EUR | 100 000 100 000 | 100 000 100 000 |  | % % | 93.323 90.843 | 93 323.00 90 843.00 | 1.02 1.00 |
| 0.00  % Vinci SA (MTN) 2020/2028 ...................  | EUR | 100 000 | 100 000 |  | % | 84.316 | 84 316.00 | 0.92 |
| 2.00  % Visa, Inc. (MTN) 2022/2029...................  | EUR | 110 000 | 110 000 |  | % | 96.453 | 106 098.30 | 1.16 |
| 0.90  % Vodafone Group PLC (MTN) 2019/2026 .........  | EUR | 100 000 | 100 000 |  | % | 93.77 | 93 770.00 | 1.03 |
| 0.625 % Vonovia SE (MTN) 2021/2031 .................  | EUR | 100 000 | 100 000 |  | % | 72.305 | 72 305.00 | 0.79 |
| 3.50  % VZ Secured Financing BV -Reg- (MTN) 2022/2032 . | EUR | 100 000 | 100 000 |  | % | 75.693 | 75 693.00 | 0.83 |
| 0.375 % Woolworths Group LTD (MTN) 2021/2028 .......  | EUR | 100 000 | 100 000 |  | % | 81.113 | 81 113.00 | 0.89 |
| 1.164 % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 ..  | EUR | 100 000 | 100 000 |  | % | 87.71 | 87 710.00 | 0.96 |
| 1.70  % Barclays PLC (MTN) 2020/2026 * ..............  | GBP | 100 000 | 100 000 |  | % | 90.931 | 106 174.25 | 1.16 |
| 1.50  % CaixaBank SA (MTN) 2021/2026 * .............  | GBP | 100 000 | 100 000 |  | % | 90.023 | 105 114.04 | 1.15 |
| 2.057 % NatWest Group PLC (MTN) 2021/2028 * ........  | GBP | 100 000 | 100 000 |  | % | 87.381 | 102 029.14 | 1.12 |
| 3.00  % Apple, Inc. (MTN) 2017/2027 .................  | USD | 100 000 | 100 000 |  | % | 97.839 | 93 936.01 | 1.03 |
| 2.456 % Bank of America Corp. (MTN) 2019/2025 * ......  2.00  % Johnson Controls International plc Via Tyco Fire & Security Finance SCA (MTN) 2021/2031 ...  | USD USD | 100 000 100 000 | 100 000 100 000 |  | % % | 95.501 79.623 | 91 691.27 76 446.68 | 1.01 0.84 |
| 0.653 % JPMorgan Chase & Co. 2020/2024 * ...........  | USD | 100 000 | 100 000 |  | % | 95.935 | 92 107.96 | 1.01 |
| 2.703 % Micron Technology, Inc. 2021/2032 ............  3.40 % NXP BV Via NXP Funding LLC Via NXP USA, Inc. (MTN) 2022/2030 ..........................  | USD USD | 100 000 100 000 | 100 000 100 000 |  | % % | 79.854 89.699 | 76 668.46 86 120.73 | 0.84 0.94 |
| 1.50 % Prudential Financial, Inc. (MTN) 2020/2026. . . . . . . | USD | 100 000 | 100 000 |  | % | 91.721 | 88 062.07 | 0.97 |
| 3.875 % Verizon Communications, Inc. (MTN) 2019/2029 ..  | USD | 100 000 | 100 000 |  | % | 96.862 | 92 997.98 | 1.02 |
| 1.50  % Verizon Communications, Inc. (MTN) 2020/2030 ..  | USD | 100 000 | 100 000 |  | % | 79.988 | 76 797.12 | 0.84 |
| Total securities portfolio |  |  |  |  |  |  | 8 738 985.11 | 95.80 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Interest rate derivatives Receivables/payables |  |  |  |  |  |  | 2 557.02 | 0.03 |
| Interest rate futures Euro Buxl Futures 09/2022 (DB) .......................  | Count | 1 | 2 | 1 |  |  | 3 800.00 | 0.04 |
| Germany Federal Republic Bonds 5 year 09/2022 (DB) .....  | Count | -8 | 2 | 10 |  |  | -16 850.00 | -0.18 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) .....  | Count | 1 | 4 | 3 |  |  | 230.00 | 0.00 |
| UK Treasury Notes 09/2022 (DB).......................  | Count | -1 |  | 1 |  |  | 5 055.86 | 0.06 |
| US Treasury Notes 5 year Futures 09/2022 (DB)...........  | Count | -8 |  | 8 |  |  | 10 321.16 | 0.11 |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | -15 521.05 | -0.17 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (short) |  |  |  |  |  |  |  |  |
| Open positions EUR/GBP 0.3 million ................................  |  |  |  |  |  |  | -2 677.29 | -0.03 |
| EUR/USD 0.8 million ................................  |  |  |  |  |  |  | -12 843.76 | -0.14 |
| Cash at bank |  |  |  |  |  |  | 350 851.79 | 3.84 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  |  |  |  | 348 503.39 | 3.82 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 521 |  |  |  |  | 608.23 | 0.00 |
| U.S. dollar ........................................  | USD | 1 812 |  |  |  |  | 1 740.17 | 0.02 |
| Other assets |  |  |  |  |  |  | 49 578.87 | 0.54 |
| Interest receivable .................................  |  |  |  |  |  |  | 47 421.70 | 0.52 |
| Other receivables ..................................  |  |  |  |  |  |  | 2 157.17 | 0.02 |
| Total assets ** |  |  |  |  |  |  | 9 158 822.79 | 100.39 |
| Other liabilities |  |  |  |  |  |  | -4 247.51 | -0.04 |
| Liabilities from cost items ............................  |  |  |  |  |  |  | -4 247.51 | -0.04 |
| Total liabilities |  |  |  |  |  |  | -36 618.56 | -0.39 |

|  | 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 |
| Net assets |  |  |  |  |  |  | 9 122 204.23 | 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 | 90.90 |
| Class LC .........................................  | EUR | 90.88 |
| Class TFC.........................................  | EUR | 90.90 |
| Class XC .........................................  | EUR | 90.95 |
| Number of shares outstanding Class FC .........................................  | Count | 100.000 |
| Class LC .........................................  | Count | 100.000 |
| Class TFC.........................................  | Count | 100.000 |
| Class XC .........................................  | Count | 100 000.000 |

Presentation of the maximum limit (according to CSSF circular 11/512) 14.14% of portfolio value
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 0.000 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 3.577 |
| Average market risk exposure.........................  | % | 2.803 |

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 absolute value-at-risk approachas defined in CSSF circular 11/512.
In the reporting period, the average leverage effect from the use of derivatives was 0.2, 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 3 083 571.10 as of the reporting date.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG Frankfurt
Contracting parties for forward currency transactions
Deutsche Bank AG
 Exchange rates (indirect quotes)	
As of June 30, 2022
| British pound	GBP | 0.856432 | = 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	
* Floating interest rate.
** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest SDG Corporate Bonds
DWS INVEST SDG CORPORATE BONDS

### Wertentwicklung der Anteilklassen (in EUR)
| Anteilklasse | ISIN | seit Auflegung 1) |
| --- | --- | --- |
| Klasse LC | LU2442814435 | -9,1% |
| Klasse FC | LU2442814278 | -9,1% |
| Klasse TFC | LU2442814518 | -9,1% |
| Klasse XC | LU2442814609 | -9,0% |

1) 
aufgelegt am 31.3.2022
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 SDG Corporate Bonds
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 8 738 985,11 | 95,80 |
| Summe Anleihen | 8 738 985,11 | 95,80 |
| 2. Derivate | -12 964,03 | -0,14 |
| 3. Bankguthaben | 350 851,79 | 3,84 |
| 4. Sonstige Vermögensgegenstände | 49 578,87 | 0,54 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -4 247,51 | -0,04 |
| III. Fondsvermögen | 9 122 204,23 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 8 738 985,11 | 95,80 |
| Verzinsliche Wertpapiere 1,50  % A2A SpA (MTN) 2022/2028 | .................  | EUR | 100 000 | 100 000 | % | 89,67 | 89 670,00 | 0,98 |
| 2,50  % A2A SpA (MTN) 2022/2026 | .................  | EUR | 100 000 | 100 000 | % | 98,237 | 98 237,00 | 1,08 |
| 0,50  % ABN AMRO Bank NV (MTN) 2021/2029  .......  1,375 % Acciona Energia Financiacion Filiales SA (MTN) 2022/2032 ..............................  | EUR EUR | 100 000 100 000 | 100 000 100 000 | % % | 80,897 81,699 | 80 897,00 81 699,00 | 0,89 0,90 |
| 2,375 % Accor SA (MTN) 2021/2028 .................  | EUR | 100 000 | 100 000 | % | 79,677 | 79 677,00 | 0,87 |
| 1,75  % Aeroporti di Roma SpA (MTN) 2021/2031 ......  | EUR | 100 000 | 100 000 | % | 76,59 | 76 590,00 | 0,84 |
| 0,50  % AIB Group PLC (MTN) 2021/2027 * ...........  | EUR | 100 000 | 100 000 | % | 86,654 | 86 654,00 | 0,95 |
| 0,00  % Apple, Inc. (MTN) 2019/2025 ................  | EUR | 100 000 | 100 000 | % | 94,236 | 94 236,00 | 1,03 |
| 2,35  % AT&T, Inc. 2018/2029  .....................  | EUR | 100 000 | 100 000 | % | 96,073 | 96 073,00 | 1,05 |
| 0,875 % Banco de Sabadell SA (MTN) 2021/2028 * ......  | EUR | 100 000 | 100 000 | % | 82,051 | 82 051,00 | 0,90 |
| 0,625 % Banco Santander SA (MTN) 2021/2029 * .......  | EUR | 100 000 | 100 000 | % | 83,949 | 83 949,00 | 0,92 |
| 1,375 % Bank of Ireland Group PLC (MTN) 2021/2031 * ..  | EUR | 100 000 | 100 000 | % | 85,618 | 85 618,00 | 0,94 |
| 0,625 % Bankinter SA (MTN) 2020/2027 ..............  0,10 % Banque Federative du Credit Mutuel SA (MTN) 2020/2027 ..............................  | EUR EUR | 100 000 100 000 | 100 000 100 000 | % % | 85,255 87,335 | 85 255,00 87 335,00 | 0,93 0,96 |
| 0,375 % Belfius Bank SA (MTN) 2021/2027  ...........  | EUR | 100 000 | 100 000 | % | 87,381 | 87 381,00 | 0,96 |
| 0,50  % BNP Paribas SA (MTN) 2019/2026 *  ..........  | EUR | 100 000 | 100 000 | % | 93,199 | 93 199,00 | 1,02 |
| 0,50  % BNP Paribas SA (MTN) 2021/2028 *  ..........  | EUR | 100 000 | 100 000 | % | 86,676 | 86 676,00 | 0,95 |
| 0,625 % Boston Scientific Corp. (MTN) 2019/2027  ......  | EUR | 100 000 | 100 000 | % | 88,207 | 88 207,00 | 0,97 |
| 2,25  % Bouygues SA (MTN) 2022/2029  .............  | EUR | 100 000 | 100 000 | % | 94,218 | 94 218,00 | 1,03 |
| 1,25  % Commerzbank AG (MTN) 2018/2023 ..........  | EUR | 100 000 | 100 000 | % | 98,727 | 98 727,00 | 1,08 |
| 3,00  % Commerzbank AG (MTN) 2022/2027 * .........  | EUR | 100 000 | 100 000 | % | 97,679 | 97 679,00 | 1,07 |
| 3,125 % Constellium SE -Reg- (MTN) 2021/2029  .......  | EUR | 100 000 | 100 000 | % | 77,393 | 77 393,00 | 0,85 |
| 0,375 % Credit Agricole SA (MTN) 2019/2025 ..........  | EUR | 100 000 | 100 000 | % | 92,962 | 92 962,00 | 1,02 |
| 2,125 % Credit Suisse Group AG 2022/2026 * ..........  | EUR | 100 000 | 100 000 | % | 93,312 | 93 312,00 | 1,02 |
| 1,375 % Danske Bank A/S (MTN) 2022/2027 * .........  | EUR | 100 000 | 100 000 | % | 93,127 | 93 127,00 | 1,02 |
| 1,375 % Deutsche Bank AG (MTN) 2020/2026 * ........  | EUR | 100 000 | 100 000 | % | 96,895 | 96 895,00 | 1,06 |
| 1,875 % Deutsche Bank AG (MTN) 2022/2028 * ........  | EUR | 100 000 | 100 000 | % | 90,298 | 90 298,00 | 0,99 |
| 1,25  % E.ON International Finance BV (MTN) 2017/2027 | EUR | 100 000 | 100 000 | % | 92,449 | 92 449,00 | 1,01 |
| 4,496 % EDP - Energias de Portugal SA 2019/2079 * ....  | EUR | 100 000 | 100 000 | % | 97,119 | 97 119,00 | 1,06 |
| 0,00  % Enel Finance International NV (MTN) 2021/2027 . | EUR | 100 000 | 100 000 | % | 86,679 | 86 679,00 | 0,95 |
| 0,375 % Enel Finance International NV (MTN) 2021/2029 . | EUR | 100 000 | 100 000 | % | 81,853 | 81 853,00 | 0,90 |
| 0,375 % Enexis Holding NV (MTN) 2021/2033  .........  | EUR | 100 000 | 100 000 | % | 76,454 | 76 454,00 | 0,84 |
| 1,875 % Engie SA 2021/perpetual * ..................  | EUR | 100 000 | 100 000 | % | 69,283 | 69 283,00 | 0,76 |
| 2,375 % EQT AB (MTN) 2022/2028 ..................  | EUR | 100 000 | 100 000 | % | 91,266 | 91 266,00 | 1,00 |
| 0,25  % Equinix, Inc. (MTN) 2021/2027  ..............  | EUR | 100 000 | 100 000 | % | 86,542 | 86 542,00 | 0,95 |
| 4,00  % Erste Group Bank AG (MTN) 2022/2033 * ......  | EUR | 100 000 | 100 000 | % | 95,281 | 95 281,00 | 1,04 |
| 1,113 % Eurogrid GmbH (MTN) 2020/2032 ............  | EUR | 100 000 | 100 000 | % | 82,023 | 82 023,00 | 0,90 |
| 0,25  % EWE AG (MTN) 2021/2028  .................  | EUR | 100 000 | 100 000 | % | 83,547 | 83 547,00 | 0,92 |
| 2,75  % Faurecia SE (MTN) 2021/2027 ...............  | EUR | 100 000 | 100 000 | % | 78,241 | 78 241,00 | 0,86 |
| 1,875 % Fresenius SE & Co., KGaA (MTN) 2022/2025  ...  | EUR | 20 000 | 20 000 | % | 97,35 | 19 470,00 | 0,21 |
| 3,50  % Getlink SE (MTN) 2020/2025  ................  | EUR | 100 000 | 100 000 | % | 95,868 | 95 868,00 | 1,05 |
| 0,25  % Goldman Sachs Group, Inc. (MTN) 2021/2028  ..  | EUR | 70 000 | 70 000 | % | 83,788 | 58 651,60 | 0,64 |
| 1,00  % Hera SpA (MTN) 2021/2034 .................  | EUR | 100 000 | 100 000 | % | 69,79 | 69 790,00 | 0,77 |
| 2,125 % ING Groep NV (MTN) 2022/2026 * ............  | EUR | 100 000 | 100 000 | % | 97,428 | 97 428,00 | 1,07 |
| 1,50  % Intesa Sanpaolo SpA (MTN) 2019/2024 ........  | EUR | 100 000 | 100 000 | % | 99,154 | 99 154,00 | 1,09 |
| 1,50  % Iren SpA (MTN) 2017/2027  .................  | EUR | 100 000 | 100 000 | % | 91,104 | 91 104,00 | 1,00 |
| 0,375 % KBC Group NV (MTN) 2020/2027 * ...........  | EUR | 100 000 | 100 000 | % | 90,433 | 90 433,00 | 0,99 |
| 0,375 % Koninklijke Ahold Delhaize NV (MTN) 2021/2030 | EUR | 100 000 | 100 000 | % | 80,339 | 80 339,00 | 0,88 |
| 0,875 % Koninklijke KPN NV (MTN) 2021/2033 .........  | EUR | 100 000 | 100 000 | % | 77,374 | 77 374,00 | 0,85 |
| 0,50  % Koninklijke Philips NV (MTN) 2019/2026  .......  | EUR | 100 000 | 100 000 | % | 92,788 | 92 788,00 | 1,02 |
| 1,375 % La Banque Postale SA (MTN) 2019/2029  ......  | EUR | 100 000 | 100 000 | % | 87,31 | 87 310,00 | 0,96 |
| 1,45  % La Poste SA (MTN) 2018/2028  ..............  0,375 % Landesbank Baden-Wuerttemberg (MTN) 2019/2024 ..............................  | EUR EUR | 100 000 100 000 | 100 000 100 000 | % % | 94,23 96,458 | 94 230,00 96 458,00 | 1,03 1,06 |
| 1,75  % Lanxess AG (MTN) 2022/2028 ...............  | EUR | 100 000 | 100 000 | % | 89,669 | 89 669,00 | 0,98 |
| 0,375 % Legrand SA (MTN) 2021/2031  ...............  | EUR | 100 000 | 100 000 | % | 79,232 | 79 232,00 | 0,87 |
| 0,956 % Mizuho Financial Group, Inc. (MTN) 2017/2024 . . | EUR | 100 000 | 100 000 | % | 96,965 | 96 965,00 | 1,06 |
| 0,25  % National Grid PLC (MTN) 2021/2028  ..........  0,50 % Nationale-Nederlanden Bank NV/The Netherlands (MTN) 2021/2028 .........................  | EUR EUR | 100 000 100 000 | 100 000 100 000 | % % | 82,351 83,626 | 82 351,00 83 626,00 | 0,90 0,92 |
| 1,125 % Nordea Bank Abp (MTN) 2022/2027  ..........  | EUR | 100 000 | 100 000 | % | 92,059 | 92 059,00 | 1,01 |
| 0,625 % OP Corporate Bank plc (MTN) 2022/2027  ......  | EUR | 100 000 | 100 000 | % | 87,578 | 87 578,00 | 0,96 |
| 3,50  % Paprec Holding SA -Reg- (MTN) 2021/2028  ....  | EUR | 100 000 | 100 000 | % | 78,504 | 78 504,00 | 0,86 |
| 0,625 % PostNL NV (MTN) 2019/2026  ...............  1,625 % Prologis International Funding II SA (MTN) 2020/2032 ..............................  | EUR EUR | 100 000 125 000 | 100 000 125 000 | % % | 92,146 78,894 | 92 146,00 98 617,50 | 1,01 1,08 |
| 0,375 % Raiffeisen Bank International AG (MTN) |
| 2019/2026  ..............................  | EUR | 100 000 | 100 000 | % | 87,286 | 87 286,00 | 0,96 |
| 3,875 % Rentokil Initial Finance BV (MTN) 2022/2027  ...  | EUR | 100 000 | 100 000 | % | 101,71 | 101 710,00 | 1,12 |
| 2,125 % Rexel SA (MTN) 2021/2028  .................  | EUR | 100 000 | 100 000 | % | 79,185 | 79 185,00 | 0,87 |
| 1,125 % SBB Treasury Oyj (MTN) 2021/2029  ..........  | EUR | 100 000 | 100 000 | % | 60,238 | 60 238,00 | 0,66 |
| 0,875 % SKF AB (MTN) 2019/2029  ..................  | EUR | 100 000 | 100 000 | % | 87,813 | 87 813,00 | 0,96 |
| 0,75  % Snam SpA (MTN) 2022/2029 ................  | EUR | 100 000 | 100 000 | % | 83,11 | 83 110,00 | 0,91 |

DWS Invest SDG Corporate Bonds
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 0,875 % Societe Generale SA (MTN) 2020/2028 * .......  | EUR | 100 000 | 100 000 | % | 87,184 | 87 184,00 | 0,96 |
| 0,50  % Stedin Holding NV (MTN) 2019/2029 ..........  | EUR | 100 000 | 100 000 | % | 82,507 | 82 507,00 | 0,90 |
| 0,01  % Svenska Handelsbanken AB (MTN) 2020/2027 ..  | EUR | 100 000 | 100 000 | % | 85,444 | 85 444,00 | 0,94 |
| 0,30  % Swedbank AB (MTN) 2021/2027 * ............  | EUR | 100 000 | 100 000 | % | 89,947 | 89 947,00 | 0,99 |
| 2,00  % Takeda Pharmaceutical Co., Ltd 2020/2040  ....  | EUR | 100 000 | 100 000 | % | 75,86 | 75 860,00 | 0,83 |
| 1,75  % Talanx AG 2021/2042 * .....................  | EUR | 100 000 | 100 000 | % | 77,743 | 77 743,00 | 0,85 |
| 2,502 % Telefonica Europe BV 2020/perpetual * ........  | EUR | 100 000 | 100 000 | % | 82,037 | 82 037,00 | 0,90 |
| 1,375 % Telia Co. AB 2020/2081 * ...................  | EUR | 100 000 | 100 000 | % | 88,89 | 88 890,00 | 0,97 |
| 2,995 % TenneT Holding BV 2017/perpetual * ..........  | EUR | 100 000 | 100 000 | % | 96,462 | 96 462,00 | 1,06 |
| 2,375 % Terna - Rete Elettrica Nazionale 2022/perpetual * | EUR | 100 000 | 100 000 | % | 74,95 | 74 950,00 | 0,82 |
| 2,375 % UNIQA Insurance Group AG 2021/2041 * ......  | EUR | 100 000 | 100 000 | % | 75,405 | 75 405,00 | 0,83 |
| 2,25  % UPM-Kymmene Oyj (MTN) 2022/2029  ........  1,50  % Vestas Wind Systems Finance BV (MTN) 2022/2029 ..............................  | EUR EUR | 100 000 100 000 | 100 000 100 000 | % % | 93,323 90,843 | 93 323,00 90 843,00 | 1,02 1,00 |
| 0,00  % Vinci SA (MTN) 2020/2028 ..................  | EUR | 100 000 | 100 000 | % | 84,316 | 84 316,00 | 0,92 |
| 2,00  % Visa, Inc. (MTN) 2022/2029 .................  | EUR | 110 000 | 110 000 | % | 96,453 | 106 098,30 | 1,16 |
| 0,90  % Vodafone Group PLC (MTN) 2019/2026  .......  | EUR | 100 000 | 100 000 | % | 93,77 | 93 770,00 | 1,03 |
| 0,625 % Vonovia SE (MTN) 2021/2031  ...............  | EUR | 100 000 | 100 000 | % | 72,305 | 72 305,00 | 0,79 |
| 3,50  % VZ Secured Financing BV -Reg- (MTN) 2022/2032 | EUR | 100 000 | 100 000 | % | 75,693 | 75 693,00 | 0,83 |
| 0,375 % Woolworths Group LTD (MTN) 2021/2028  .....  | EUR | 100 000 | 100 000 | % | 81,113 | 81 113,00 | 0,89 |
| 1,164 % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 | EUR | 100 000 | 100 000 | % | 87,71 | 87 710,00 | 0,96 |
| 1,70  % Barclays PLC (MTN) 2020/2026 * .............  | GBP | 100 000 | 100 000 | % | 90,931 | 106 174,25 | 1,16 |
| 1,50  % CaixaBank SA (MTN) 2021/2026 * ............  | GBP | 100 000 | 100 000 | % | 90,023 | 105 114,04 | 1,15 |
| 2,057 % NatWest Group PLC (MTN) 2021/2028 * .......  | GBP | 100 000 | 100 000 | % | 87,381 | 102 029,14 | 1,12 |
| 3,00  % Apple, Inc. (MTN) 2017/2027 ................  | USD | 100 000 | 100 000 | % | 97,839 | 93 936,01 | 1,03 |
| 2,456 % Bank of America Corp. (MTN) 2019/2025 * ..... 2,00 % Johnson Controls International plc Via Tyco Fire & Security Finance SCA (MTN) 2021/2031 ..  | USD USD | 100 000 100 000 | 100 000 100 000 | % % | 95,501 79,623 | 91 691,27 76 446,68 | 1,01 0,84 |
| 0,653 % JPMorgan Chase & Co. 2020/2024 * ..........  | USD | 100 000 | 100 000 | % | 95,935 | 92 107,96 | 1,01 |
| 2,703 % Micron Technology, Inc. 2021/2032 .......... 3,40 % NXP BV Via NXP Funding LLC Via NXP USA, Inc. (MTN) 2022/2030 .........................  | USD USD | 100 000 100 000 | 100 000 100 000 | % % | 79,854 89,699 | 76 668,46 86 120,73 | 0,84 0,94 |
| 1,50  % Prudential Financial, Inc. (MTN) 2020/2026 .....  | USD | 100 000 | 100 000 | % | 91,721 | 88 062,07 | 0,97 |
| 3,875 % Verizon Communications, Inc. (MTN) 2019/2029 | USD | 100 000 | 100 000 | % | 96,862 | 92 997,98 | 1,02 |
| 1,50  % Verizon Communications, Inc. (MTN) 2020/2030 | USD | 100 000 | 100 000 | % | 79,988 | 76 797,12 | 0,84 |
| Summe Wertpapiervermögen |  |  |  |  |  | 8 738 985,11 | 95,80 |

Derivate
(Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen)
| Zins-Derivate Forderungen/Verbindlichkeiten |  |  |  |  | 2 557,02 | 0,03 |
| --- | --- | --- | --- | --- | --- | --- |
| Zinsterminkontrakte Euro Buxl Futures 09/2022 (DB) ......................  | Stück | 1 | 2 | 1 | 3 800,00 | 0,04 |
| Germany Federal Republic Bonds 5 year 09/2022 (DB) .....  | Stück | -8 | 2 | 10 | -16 850,00 | -0,18 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) ....  | Stück | 1 | 4 | 3 | 230,00 | 0,00 |
| UK Treasury Notes 09/2022 (DB) ......................  | Stück | -1 |  | 1 | 5 055,86 | 0,06 |
| US Treasury Notes 5 year Futures 09/2022 (DB) ..........  | Stück | -8 |  | 8 | 10 321,16 | 0,11 |
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  |  |  | -15 521,05 | -0,17 |
| Devisentermingeschäfte |  |  |  |  |  |  |
| Devisentermingeschäfte (Verkauf) |  |  |  |  |  |  |
| Offene Positionen EUR/GBP 0,3 Mio. .................................  |  |  |  |  | -2 677,29 | -0,03 |
| EUR/USD 0,8 Mio. .................................  |  |  |  |  | -12 843,76 | -0,14 |
| Bankguthaben |  |  |  |  | 350 851,79 | 3,84 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  |  | 348 503,39 | 3,82 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | 521 |  |  | 608,23 | 0,00 |
| US-Dollar ........................................  | USD | 1 812 |  |  | 1 740,17 | 0,02 |
| Sonstige Vermögensgegenstände |  |  |  |  | 49 578,87 | 0,54 |
| Zinsansprüche .....................................  |  |  |  |  | 47 421,70 | 0,52 |
| Sonstige Ansprüche ................................  |  |  |  |  | 2 157,17 | 0,02 |
| Summe der Vermögensgegenstände ** |  |  |  |  | 9 158 822,79 | 100,39 |
| Sonstige Verbindlichkeiten |  |  |  |  | -4 247,51 | -0,04 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  |  | -4 247,51 | -0,04 |
| Summe der Verbindlichkeiten |  |  |  |  | -36 618,56 | -0,39 |

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

Fondsvermögen	9 122 204,23	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 | 90,90 |
| Klasse LC ........................................  | EUR | 90,88 |
| Klasse TFC .......................................  | EUR | 90,90 |
| Klasse XC ........................................  | EUR | 90,95 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 100,000 |
| Klasse LC ........................................  | Stück | 100,000 |
| Klasse TFC .......................................  | Stück | 100,000 |
| Klasse XC ........................................  | Stück | 100 000,000 |

Darstellung der Maximalgrenze (gem. CSSF-Rundschreiben 11/512) 14,14% vom Portfoliowert
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 0,000 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 3,577 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 2,803 |

Die Risikokennzahlen wurden für den Zeitraum vom 31.3.2022 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 absoluten Value at Risk-Ansatzim Sinne des CSSF-Rundschreibens 11/512 an.
Die durchschnittliche Hebelwirkung aus der Nutzung von Derivaten betrug im Berichtszeitraum 0,2, 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 3 083 571,10.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG Frankfurt
Vertragspartner der Devisentermingeschäfte
Deutsche Bank AG
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Britisches Pfund	GBP | 0,856432 | = 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	
* Variabler Zinssatz.
** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.