Xtrackers (XESU) MSCI USA ESG UCITS ETF

The aim is for your investment to track the performance, before fees and expenses, of the MSCI USA ESG Leaders Low Carbon ex Tobacco Involvement 5% Index (Index)/ The Index is based on the MSCI USA Index (Parent Index), which is designed to reflect the performance of certain shares in large and medium listed companies in the USA/ || In order to be eligible for inclusion in the Index, companies must be eligible for inclusion in the Parent Index and must display high environmental, social and governance (ESG) performance and low current and potential carbon exposure, relative to their regional and sector peers/||The constituent selection process is based on two independently applied sets of rules: (i) Low Carbon Exposure Selection Rules, used to assess the carbon exposure of constituents of the Parent Index which are then weighted accordingly, and (ii) High ESG Performance Selection Rules which are used to assess the ESG performance of constituents of the Parent Index/ Companies involved in industries with a high potential for negative ESG impact such as alcohol, gambling, weapons tobacco and nuclear power are excluded from the Index and the remaining constituents are subject to a tobacco screen, excluding tobacco producers and companies receiving revenue above 5% from tobacco-related products from the Index/ ||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 in February, May, August and November/ 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 financial contracts (derivatives)/||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 date08 May 2018
• 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-