Xtrackers (XDEV) MSCI World Value UCITS ETF 1C

The Fund aims to reflect the performance, before fees and expenses, of the MSCI World Enhanced Value (USD) Index (Index)/ The Index is based on the MSCI World Index (Parent Index) which is designed to reflect the performance of certain shares in large and medium listed companies in developed markets countries/ ||In order to be eligible for inclusion in the Index, shares must be included as constituents within the Parent Index and are then selected using a value strategy/ The value strategy considers various value characteristics of the shares and compares those results to peer companies/ The characteristics focus on Price-to-Book-Value (price of shares relative to their book value), Price-to-Forward Earnings (price of shares relative to their expected future earnings), and Enterprise Value-to-Cash Flow from Operations (which measures the value of the company relative to the cash it generates)/ ||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 rebalanced on a semi-annual basis and may also be rebalanced at other times to reflect corporate activity such as mergers and acquisitions/ The Index is calculated daily in US Dollars/ ||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)/ 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/ ||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 date11 September 2014
• 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-