Hm, the factsheet says 100% USA. So I'm a little surprised at the high proportion of Germany. It must be the composition of the MSCI USA, which can be found in the fact sheet.
@Gernhard_Reinholzen The factsheet (or at least the issuer's website) should show the index composition and the fund positions. In the case of synthetic replication, these usually differ considerably (usually completely) from each other.
In the "Composition" section, you can find the actual index components AND, more importantly, the top 10 ETF positions as well as the complete list of positions as a PDF😉 What is listed there is actually what is currently included.
