Xtrackers (XDWG) MSCI World UCITS ETF 2D GBP Hedged

The aim is for your investment to reflect the performance, before fees and expenses, of the MSCI Total Return Net World Index (Index) which is designed to reflect the performance of the shares of certain companies of various developed countries, while seeking to minimise foreign currency fluctuations at share class level/ 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/ || As of 30 September 2016, the Index consists of the following 23 developed markets: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States of America/ || The underlying constituents of the Index are listed in multiple currencies/ 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 and may also be rebalanced at other times in order to reflect corporate activity such as mergers and acquisitions/ The Index is calculated in US Dollars on a daily basis/ || To achieve the aim, the Fund will i) 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 and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the index components and the currency of your shares/ 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)/|| Dividends may be paid on your shares up to four times per annum/|| You may redeem your shares on demand on a daily basis/

• Leverage100
• Currency hedgingNo

• Value Assessment review date31 July 2017
• 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-