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Stocks and Shares ISAObjective
The aim is for your investment to track the performance, before fees and expenses, of the MSCI USA Banks 20/35 Capped Index (Index)/ The Index is based on the MSCI USA Index (Parent Index), which is designed to reflect the performance of large and medium sized companies representing 85% of the readily available shares in the United Stated of America/ || The Index contains all of the constituents of the Parent Index that are classified as Banks/ || The Index is based on a methodology which limits the size of the largest Bank within the Index at 35%, and all other Banks at 20%, with a buffer of 10% applied on these limits at each index rebalancing/ || The Index is calculated on a total return net basis/ This 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 and may also be rebalanced on an “as needed” basis/ This means that the Index is rebalanced at the end of any day on which the 35% and 20% limits (without the buffer) are breached/ The Index is calculated in US Dollars on a daily basis/ ||To achieve the aim, the Fund will attempt to replicate the Index, before fees and expenses, by buying all (or, on an exceptional basis, a substantial number of) the shares in the Index in the same proportion as the Index as determined by DWS entities/ || The Fund may employ techniques and instruments in order to manage risk, reduce costs and improve results/ These techniques and instruments may include the use of derivatives/ The Fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the Fund/|| Dividends may be paid on your shares up to four times per annum/|| You may redeem your investment on demand on a daily basis/
- Leverage100
- Currency hedgingNo