Xtrackers (XGLS) Physical Gold GBP Hedged ETC

The db Physical Gold ETC reflects the performance of spot gold prices, net of all applicable fees/ db Physical Precious Metal Exchange Traded Commodities (db Physical PM ETCs) are transparent securities that trade on regulated exchanges/ With db Physical PM ETCs investors gain exposure to the performance of the underlying physical metal without any additional expense that would otherwise occur by a physical purchase (i/e/ transport, storage, licensing, etc)/ Further db Physical PM ETCs are backed by the underlying metal and quoted continuously during exchange trading hours/ They can be bought or sold via any bank and broker on the relevant stock exchange/

• Leverage100
• Currency hedgingNo

• Value Assessment review date01 April 2011
• 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 chargesOther local requirements or procedures
• Further information-