Xtrackers Europe Net Zero Pathway Paris Aligned UCITS ETF EUR Acc

Objectives and investment policy The fund is passively managed. The fund aims to reflect the performance of the Solactive ISS ESG Developed Markets Europe Net Zero Pathway Index (index). The Reference Index is designed to reflect the performance of large and medium capitalisation companies in developed markets in Europe which are selected and weighted with the aim of seeking alignment with EU Paris-aligned Benchmark (EU PAB) standards and certain net zero frameworks. The index uses environmental, social and governance (ESG) data from Institutional Shareholder Services Inc. (ISS), which provides expertise across a variety of sustainable and responsible investment issues. The index first removes companies from the Solactive GBS Developed Markets Europe Large & Mid Cap Index (parent index) which do not meet certain ESG criteria, including those involved in industries with a high potential for negative ESG impacts, companies which have been involved in severe ESG related controversies, companies below a certain ESG rating or without an ESG rating, those that have a significant negative impact on certain United Nations Sustainable Development Goals (SDGs), and finally those without sufficient sustainability data available. Stocks passing these exclusions are then scored and weighted based on three pillars (Tilted Weights) (i) Science-based targets relating to reducing carbon emissions (ii) Climate disclosure standards, and (iii) Green revenue relating to SDG 13. Tilted Weights are then further adjusted to ensure alignment with EU PAB requirements, with weights subject to capping and individual and sector weight deviation limits compared to the parent index also applied. The Index is administered by Solactive AG. 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 at least a semiannual basis. The index is calculated in EUR on a daily basis. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index. 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). Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is EUR. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.