Xtrackers (XMWD) MSCI World Index UCITS ETF

The aim is for your investment to reflect the performance of the MSCI Total Return Net World Index (Index) which is designed to reflect the performance of the listed shares of certain companies from various developed countries/ ||The companies making up the Index are large and medium sized companies based on the combined value of a company’s readily available shares as compared to other companies/ A company’s weighting in the Index depends on its relative size/ ||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 at least quarterly/ ||To achieve the aim, the Fund will buy shares and/or invest in cash deposits and enter into financial contracts (derivatives) with one or more swap counterparties relating to the shares 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 date19 December 2006
• 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-