Xtrackers (XGLF) MSCI GCC Select Swap UCITS ETF 1C

The aim is for your investment to reflect the performance, before fees and expenses, of the MSCI GCC Countries ex Select Securities Index (Index) which is designed to reflect the performance of the shares of companies based in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates/ ||A company’s weighting in the Index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies/ MSCI Inc/ (Index Sponsor) may exclude certain securities from time to time on the basis that they may have restrictions on foreign ownership/ ||The Index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax/ The Index is reviewed and rebalanced on a quarterly basis/ ||To achieve the aim, the Fund may invest in transferable securities and enter into a financial contract (derivative) with HSBC Bank plc relating to the transferable securities and the Index, in order to obtain the return on the Index/ Please see www/xtrackers/com for more information/ To achieve the aim, the Fund will invest in transferable securities and enter into financial contracts (derivatives) with one or more swap counterparties relating to the transferable securities and the Index, in order to obtain 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 date05 February 2015
• 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-