# ESG Characteristics
|  | ESG Benchmark | ESG Integration | Engagement | Exclusion Criteria | Proxy Voting |
| --- | --- | --- | --- | --- | --- |
| Applied criteria |  |  |  |  | □ |
|  |  |  |  |  |  |
| Top 10 issuers In % of total economic exposure Issuer name |  |  |  |  | Weight |
| FRANCE (REPUBLIC OF) |  |  |  |  | 5.08 |
| KFW |  |  |  |  | 4.73 |
| EUROPEAN INVESTMENT BANK |  |  |  |  | 4.66 |
| GERMANY (FEDERAL REPUBLIC OF) |  |  |  |  | 3.45 |
| EUROPEAN UNION |  |  |  |  | 2.92 |
| SOCIETE DU GRAND PARIS |  |  |  |  | 2.30 |
| UNITED KINGDOM (GOVERNMENT OF) |  |  |  |  | 2.11 |
| NETHERLANDS (KINGDOM OF) |  |  |  |  | 1.67 |
| CHINA DEVELOPMENT BANK |  |  |  |  | 1.57 |
| TENNET HOLDING BV |  |  |  |  | 1.47 |
|  |  |  |  |  |  |
| Top 10 positions - ESG Characteristics Instrument Name | Weight | GICS sector |  | ESG rating | Controversy flag |
| FRANCE (REPUBLIC OF) | 3.79% | FI Securities |  | A | n.a. |
| NETHERLANDS (KINGDOM OF) | 1.67% | FI Securities |  | A | n.a. |
| EUROPEAN UNION | 1.61% | Financials |  | A | n.a. |
| UK CONV GILT | 1.51% | FI Securities |  | A | n.a. |
| FRANCE (REPUBLIC OF) | 1.29% | FI Securities |  | A | n.a. |
| BELGIUM (KINGDOM OF) | 1.24% | Financials |  | A | n.a. |
| BUONI POLIENNALI DEL TES | 1.02% | FI Securities |  | BBB | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | FI Securities |  | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.95% | FI Securities |  | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.88% | FI Securities |  | AA | n.a. |

2 
The fund’s risk and reward profile shows the variations in value an investment in this fund would have undergone over the past five years, whereby simulated performance data is used in the case of missing history. The fund’s risk rating may change in the future. Please note, higher possible gains generally also mean higher possible losses. The lowest risk category does not mean that the fund is risk free.
| ESG overview |  |
| --- | --- |
| ESG Portfolio against traditional benchmark |
|  | Portfolio | Benchmark |
| Overall ESG quality rating | AA | AA |
| Overall ESG quality score | 8.21 | 8.22 |
| ESG score environment | 6.34 | 6.30 |
| ESG score social | 6.07 | 6.01 |
| ESG score governance | 6.50 | 6.50 |
| Coverage for MSCI Rating/Scoring | 95.42% | 94.82% |
| Weighted Average MSCI Carbon Intensity (Tons of CO2e/$M sales) | 323.79 | 294.62 |
|  |  |  |
| Asset breakdown - by ESG rating In % of total economic exposure (ESG Portfolio against traditional benchmark) |  |  |

Benchmark 

## Portfolio	Benchmark	Relative	
Portfolio 
| AAA | 20.47 | 19.84 | 0.63 |  |
| --- | --- | --- | --- | --- |
| AA | 27.82 | 27.57 | 0.25 |  |
| A | 30.70 | 31.07 | -0.37 |  |
| BBB | 10.13 | 10.41 | -0.27 |  |
| BB | 2.25 | 2.45 | -0.20 |  |
| B | 3.72 | 3.48 | 0.23 |  |
| CCC | 0.02 | - | 0.02 |  |
| Not ratable | 0.48 | - | 0.48 |  |
| No data coverage | 4.42 | 5.18 | -0.76 |  |

Translation (ENDE, 2022-08-31):
# ESG-Merkmale
## ESG Benchmark	ESG Integration	Engagement  Ausschlusskriterien	Stimmrechtsver-

## tretung

## Angewendete Kriterien					
| 10 grösste Emittenten in % des Exposures Bezeichnung Emittent |  |  |  | Gewichtung |
| --- | --- | --- | --- | --- |
| FRANCE (REPUBLIC OF) |  |  |  | 5.08 |
| KFW |  |  |  | 4.73 |
| EUROPEAN INVESTMENT BANK |  |  |  | 4.66 |
| GERMANY (FEDERAL REPUBLIC OF) |  |  |  | 3.45 |
| EUROPEAN UNION |  |  |  | 2.92 |
| SOCIETE DU GRAND PARIS |  |  |  | 2.30 |
| UNITED KINGDOM (GOVERNMENT OF) |  |  |  | 2.11 |
| NETHERLANDS (KINGDOM OF) |  |  |  | 1.67 |
| CHINA DEVELOPMENT BANK |  |  |  | 1.57 |
| TENNET HOLDING BV |  |  |  | 1.47 |
|  |  |  |  |  |
| Top-10-Positionen - ESG-Merkmale Wertschriftenname | Gewicht. | GICS-Sektor | ESG-Rating | Controversy flag |
| FRANCE (REPUBLIC OF) | 3.79% | FI Securities | A | n.a. |
| NETHERLANDS (KINGDOM OF) | 1.67% | FI Securities | A | n.a. |
| EUROPEAN UNION | 1.61% | Finanzwerte | A | n.a. |
| UK CONV GILT | 1.51% | FI Securities | A | n.a. |
| FRANCE (REPUBLIC OF) | 1.29% | FI Securities | A | n.a. |
| BELGIUM (KINGDOM OF) | 1.24% | Finanzwerte | A | n.a. |
| BUONI POLIENNALI DEL TES | 1.02% | FI Securities | BBB | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | FI Securities | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.95% | FI Securities | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.88% | FI Securities | AA | n.a. |

2 
Das Rendite-Risiko-Profil des Fonds zeigt die Wertschwankungen, die eine Anlage im Fonds in den letzten fünf Jahren verzeichnet hätte, wobei simulierte Performancedaten verwendet wurden, wenn keine historische Daten vorlagen. Die Risikoeinstufung des Fonds kann sich zukünftig ändern. Bitte beachten Sie, dass mögliche höhere Gewinne in der Regel auch mögliche höhere Verluste bedeuten. Die tiefste Risikokategorie bedeutet nicht, dass der Fonds risikofrei ist.
| ESG-Übersicht |  |
| --- | --- |
| ESG-Portfolio im Vergleich zum traditionellen Benchmark |
|  | Portfolio | Benchmark |
| Gesamt-ESG-Rating (ESG Quality Rating) | AA | AA |
| Gesamt-ESG-Bewertung (ESG Quality Score) | 8.21 | 8.22 |
| Environment (Umwelt) | 6.34 | 6.30 |
| Social (Soziales) | 6.07 | 6.01 |
| Governance | 6.50 | 6.50 |
| Coverage MSCI Rating/Scoring | 95.42% | 94.82% |
| Gewichtete durchschnittliche MSCI Kohlenstoffintensität (Tonnen CO2e / USD Mio. Umsatz) | 323.79 | 294.62 |
|  |  |  |
| Vermögensstruktur - nach ESG Rating in % des gesamten ökonomischen Exposure (ESG-Portfolio im Vergleich zum traditionellen Benchmark) |  |  |

Benchmark 

## Portfolio	Benchmark	Relativ	
Portfolio 
| AAA | 20.47 | 19.84 | 0.63 |  |
| --- | --- | --- | --- | --- |
| AA | 27.82 | 27.57 | 0.25 |  |
| A | 30.70 | 31.07 | -0.37 |  |
| BBB | 10.13 | 10.41 | -0.27 |  |
| BB | 2.25 | 2.45 | -0.20 |  |
| B | 3.72 | 3.48 | 0.23 |  |
| CCC | 0.02 | - | 0.02 |  |
| Nicht bewertbar | 0.48 | - | 0.48 |  |
| Keine Datenabdeckung | 4.42 | 5.18 | -0.76 |  |