# Portfolio overlap — GSILX vs DBEU

Comparing **Goldman Sachs GQG Partners International Opportunities Fund** (2026-01-31) and **Xtrackers MSCI Europe Hedged Equity ETF** (2026-02-27).

- Shared positions: 32
- Goldman Sachs GQG Partners International Opportunities Fund covered by Xtrackers MSCI Europe Hedged Equity ETF: 0.2419722170818534632904118390
- Xtrackers MSCI Europe Hedged Equity ETF covered by Goldman Sachs GQG Partners International Opportunities Fund: 0.2419722170818534632904118390

## Goldman Sachs GQG Partners International Opportunities Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| PHILIP MORRIS INTL INC | 0.071192 |  |
| BRITISH AMERICAN TOBACCO PLC | 0.044172 | ✓ |
| CHUBB LTD | 0.040298 |  |
| Novartis AG (Registered) | 0.034594 | ✓ |
| TOTALENERGIES SE | 0.033585 | ✓ |
| ASTRAZENECA PLC | 0.033378 | ✓ |
| IBERDROLA SA | 0.033152 | ✓ |
| ENBRIDGE INC | 0.031176 |  |
| NESTLE SA (REG) | 0.027555 | ✓ |
| NATIONAL GRID PL | 0.024515 | ✓ |
| ENEL SPA | 0.024235 | ✓ |
| ICICI Bank Ltd | 0.022687 |  |
| TSMC | 0.020859 |  |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.019251 | ✓ |
| ITAU UNIBAN-PREF | 0.018807 |  |
| SHELL PLC | 0.018542 | ✓ |
| BHARTI AIRTEL LIMITED | 0.018123 |  |
| Sanofi SA | 0.017205 | ✓ |
| JAPAN TOBACCO | 0.016947 |  |
| IMPERIAL BRANDS | 0.016746 | ✓ |
| ADANI POWER LTD | 0.016635 |  |
| PETROBRAS-PREF | 0.016186 |  |
| CAIXABANK SA | 0.015695 | ✓ |
| MONEYMKT | 0.015600 |  |
| PETROLEO BRASILEIRO SPONS ADR | 0.015231 |  |
| SPONSORED ADR | 0.014926 |  |
| ADANI PORTS AND | 0.014388 |  |
| DEUTSCHE TELEKOM | 0.013742 | ✓ |
| HEINEKEN NV | 0.012688 | ✓ |
| TOKIO MARINE HOLDINGS INC COMMON STOCK | 0.012529 |  |
| Common Stock | 0.012506 | ✓ |
| UNICREDIT SPA | 0.011638 | ✓ |
| STATE BANK IND | 0.011227 |  |
| E.ON SE | 0.011090 | ✓ |
| INTACT FINL CORP | 0.010967 |  |
| DANONE SA | 0.010873 | ✓ |
| KONINKLIJKE AHOL | 0.010757 | ✓ |
| ITC LTD (DEMAT) | 0.010495 |  |
| UNILEVER PLC | 0.010321 | ✓ |
| ANHEUSER-BUSCH INBEV SA/NV | 0.010148 | ✓ |
| L'OREAL SA ORD | 0.010127 | ✓ |
| FRANCO-NEVADA CORP | 0.009604 |  |
| ADANI ENTERPRISE | 0.009569 |  |
| COGNIZANT TECH SOLUTIONS CL A | 0.009550 |  |
| GLENCORE PLC | 0.009510 | ✓ |
| MERCEDES-BENZ GR | 0.009403 | ✓ |
| TC ENERGY CORP | 0.008945 |  |
| INTL HOLDING CO PJSC COMMON STOCK | 0.008462 |  |
| HDFC BANK LTD SPON ADR | 0.008453 |  |
| ADANI GREEN ENER | 0.006908 |  |

## Xtrackers MSCI Europe Hedged Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ASML Holding NV | 0.037628 |  |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.022314 | ✓ |
| ASTRAZENECA PLC | 0.021613 | ✓ |
| Novartis AG (Registered) | 0.021469 | ✓ |
| HSBC HOLDINGS PL | 0.021462 |  |
| NESTLE SA (REG) | 0.018730 | ✓ |
| SHELL PLC | 0.015715 | ✓ |
| SIEMENS AG-REG | 0.014786 |  |
| SAP SE | 0.014055 |  |
| BANCO SANTANDER SA | 0.012448 |  |
| SCHNEIDER ELECTR | 0.011929 |  |
| ALLIANZ SE (REGD) | 0.011440 |  |
| UNILEVER PLC | 0.010696 | ✓ |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.010645 |  |
| TOTALENERGIES SE | 0.010511 | ✓ |
| SIEMENS ENERGY AG | 0.010140 |  |
| IBERDROLA SA | 0.010135 | ✓ |
| ROLLS-ROYCE HOLDINGS PLC | 0.010056 | ✓ |
| DEUTSCHE TELEKOM | 0.009856 | ✓ |
| ABB Ltd. (Registered) | 0.009745 |  |
| SAFRAN SA | 0.009484 |  |
| BRITISH AMERICAN TOBACCO PLC | 0.009064 | ✓ |
| BBVA | 0.008870 | ✓ |
| UBS GROUP AG | 0.008804 |  |
| Airbus SE | 0.008622 |  |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.008136 |  |
| NOVO NORDISK-B | 0.008067 | ✓ |
| GSK PLC | 0.008044 |  |
| UNICREDIT SPA | 0.007990 | ✓ |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.007716 |  |
| BNP PARIBAS | 0.007550 | ✓ |
| L'OREAL SA ORD | 0.007517 | ✓ |
| RIO TINTO PLC | 0.007423 |  |
| ZURICH INSURANCE | 0.007369 |  |
| CIE FINANCI-REG | 0.007322 |  |
| Sanofi SA | 0.007105 | ✓ |
| BP PLC | 0.006754 |  |
| ENEL SPA | 0.006513 | ✓ |
| INTESA SANPAOLO | 0.006425 |  |
| NATIONAL GRID PL | 0.006201 | ✓ |
| RHEINMETALL AG | 0.006023 |  |
| MUENCHENER RUE-R | 0.005698 |  |
| BAE SYSTEMS PLC | 0.005697 |  |
| DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES | 0.005696 |  |
| ING GROEP NV | 0.005666 |  |
| BARCLAYS PLC | 0.005586 |  |
| AXA | 0.005464 |  |
| VINCI SA | 0.005452 |  |
| LLOYDS BANKING | 0.005418 |  |
| SPOTIFY TECHNOLOGY SA | 0.005382 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-028325` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1557156/000141036826028325/0001410368-26-028325-index.htm>
- N-PORT (fund B) — accession `0000940400-26-015657` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1503123/000094040026015657/0000940400-26-015657-index.htm>

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