Xtrackers (XLDX) LevDAX Daily UCITS ETF

The aim is for your investment to reflect the performance of the LevDAX{{®}} Index (Index) which provides two times the performance of the DAX{{®}} Index (Underlying Index) on a daily basis less a rate of interest/ This means that the level of the Index should rise and fall at double the rate of the Underlying Index/ The interest rate deducted from the Index level is based on the rate at which banks in the Eurozone lend to each other overnight (as calculated by the European Central Bank)/ ||The Underlying Index reflects the performance of the shares of 30 of the largest and most actively traded German based companies on the Frankfurt Stock Exchange/ To be included on the Underlying Index, a company’s readily available shares must be continuously traded and represent at least 10% of all readily available shares on the Stock Exchange/ The Underlying Index is weighted in favour of larger companies and is reviewed and rebalanced at least annually/ At each review, the combined value of a company’s readily available shares cannot exceed 10% of the combined value of the shares of all companies comprising the Underlying Index/ ||To achieve the aim, the Fund will enter into financial contracts (derivatives) with one or more swap counterparties to swap most subscription proceeds for the return on the Index/||No dividends will be paid on your shares/||You may redeem your shares on demand on a daily basis/

• Leverage100
• Currency hedgingNo

• Value Assessment review date18 March 2010
• Value Assessment next review date -
• Is Assessment of Value required under COLL?No
• Outcome of COLL Assessment of Value -
• Outcome of PRIN Value Assessment or review -
• Other review related to value and or chargesFund costs have been reviewed and are in line with ESMA's briefing on supervision of costs in UCITS and AIFs or relevant NCA supervisory activity
• Further information-