Xtrackers IE Phy.Gold EUR H.ETC Sec./  DE000A2T5DZ1  /

The ETC securities provide you with exposure to gold, with a foreign exchange (FX) hedge to the Euro, without requiring you to acquire ownership in gold in the physical form. ETC securities can be purchased or sold on one or more stock exchanges. Each ETC security relates to a specific amount of gold, known as the metal entitlement per ETC security. The metal entitlement was initially 0.0155 fine troy ounces (one fine troy ounce being 31.1035 grams) of gold and is reduced on a daily basis to reflect (i) the base fee, and (ii) the FX hedging fee percentage (together the fees). The relevant auction price for gold used in the ETC securities is as determined by the London Bullion Market Association (LBMA) at 15:00 local London time. The level of fees and the current metal entitlement is specified on www.etf.dws.com. The FX hedging fee percentage reflects a fee for the provision of the FX hedging element which attempts to reduce the difference between the currency in which the ETC securities are denominated (Euro) and the currency in which the gold is denominated (USD). Any gains or losses on the FX hedge will also be taken into account in the metal entitlement and will also affect the value of the ETC security.

The ETC securities provide you with exposure to gold, with a foreign exchange (FX) hedge to the Euro, without requiring you to acquire ownership in gold in the physical form. ETC securities can be purchased or sold on one or more stock exchanges. Each ETC security relates to a specific amount of gold, known as the metal entitlement per ETC security. The metal entitlement was initially 0.0155 fine troy ounces (one fine troy ounce being 31.1035 grams) of gold and is reduced on a daily basis to reflect (i) the base fee; and (ii) the FX hedging fee percentage (together the fees).