DWS Xtrackers S&P 500 UCITS ETF

The aim is for your investment to reflect the performance of the S&P 500 Index which is designed to reflect the performance of shares of 500 companies representing all major US industries, while seeking to minimise foreign currency fluctuations at share class level. The Index is calculated in U.S. Dollars. The Index contains shares of large companies traded on the NYSE Euronext or the NASDAQ OMX markets. A company’s weighting in the Index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies on the stock markets. The Index is calculated on a total return net basis. This means that any dividends and distributions made by the companies in the Index are reinvested in the shares after tax. 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 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.