With today’s listing of the Xtrackers Global Equity Top Active ETF and the Xtrackers Global Growth Leaders Active UCITS ETF on the Deutsche Börse, DWS is further expanding its range of active Xtrackers ETFs. Investors now have access to two global equity strategies that pursue different active approaches: The Xtrackers Global Top Active ETF translates the investment convictions of DWS equity analysts into a broadly diversified portfolio, while the Xtrackers Global Growth Leaders Active UCITS ETF invests in high-growth companies with strong profitability and structural tailwinds.

For the Xtrackers Global Equity Top Active ETF, stock selection is based on recommendations from the global DWS Equity Research platform. Approximately 60 DWS experts from ten specialized sector teams analyze more than 550 companies worldwide and hold over 2,000 meetings annually with company management teams. “For portfolio construction, the MSCI ACWI universe is combined with the sector signals from the DWS CIO View, resulting in a portfolio of approximately 120 to 140 securities, which is reviewed quarterly,” says Tim Friebertshäuser, Head of Research Equity at DWS. “This allows us to combine the active expertise of our research platform with the advantages of the ETF structure for the first time,” adds DWS portfolio manager Katharina Seiler. The strategy aims for a clearly active profile and has historically shown a tracking error of around three to four percent.

The Xtrackers Global Growth Leaders Active UCITS ETF, on the other hand, follows a high-conviction approach. The starting point is a global all-cap universe. The investment process identifies companies that benefit from strong growth trends, are gaining market share, have recurring expansion potential, and are distinguished by competitive advantages. “We seek global growth leaders beyond a purely mega-cap perspective and build a concentrated portfolio with high conviction from them,” says Felix Armbrust, lead portfolio manager of the Xtrackers Global Growth Leaders Active UCITS ETF. A key selection criterion is the so-called Rule of 40, whereby revenue growth and profitability together should reach at least 40 percent. The result is a concentrated portfolio of 30 to 50 stocks, predominantly with individual weightings between 1.5 and 10 percent and a focus on disruptive sectors.

With these two strategies, DWS is responding to a market environment in which, in the view of many investors, broad, market-capitalization-weighted indices are no longer sufficient to fully capture all market opportunities. “Our goal at Xtrackers is to provide investors with a broad selection of liquid and cost-efficient ETF building blocks. This increasingly includes active management. With the new ETFs, we are making two different global equity approaches accessible within a transparent exchange-traded framework. The strategies can be a useful building block, particularly for retail investors who primarily invest via digital channels, to incorporate active expertise into their allocation,” says Simon Klein, Global Head of Xtrackers Sales at DWS. 

Product information

Source: DWS Group GmbH & Co. KGaA, as of March 26, 2026

Risks associated with ETFs include, among others, the following:

• The value of the ETF shares may be negatively affected by legal, economic, or political changes, market volatility, and/or volatility in the assets of the sub-fund and/or the underlying asset.
• The value of the ETF shares may at any time fall below the price at which the investor purchased the fund shares. This may result in losses. The value of the ETF shares may be negatively affected by exchange rate fluctuations.
• The ETFs are not capital-protected. The value of the ETF shares may fall as well as rise. Past performance is not a reliable indicator of future results.
• There is no guarantee that a specific redemption amount will be returned to investors at maturity. The redemption amount may be less than the original purchase amount. Investors should be prepared to bear losses up to the full amount of their investment.
• In addition to general market risks, active ETFs carry the risk of management decisions, as they rely on active security selection and weighting. This active risk management can lead to underperformance relative to passive strategies if decisions are incorrect. Although the Total Expense Ratio (TER) is lower than that of traditional active funds, costs are higher than those of passive ETFs.

About the DWS Group

With total assets under management of €1,085 billion (as of December 31, 2025), the DWS Group (DWS) is a leading asset manager in Europe with a global reach. With approximately 5,000 employees at locations around the world, DWS offers private individuals, institutions, and large corporations access to comprehensive investment solutions and customized portfolios across the entire spectrum of investment disciplines. Its broad expertise as an asset manager in active, passive, and alternative investment strategies enables DWS to offer clients targeted solutions across all major liquid and illiquid asset classes.

This document is a promotional communication.
Investors should read the prospectus and the Key Investor Information Document (KID) before making an investment decision.

Important information

DWS is the brand name under which DWS Group GmbH & Co. KGaA and its subsidiaries conduct their business. The respective legal entities responsible for offering DWS products or services are identified in the relevant documents.
The information contained in this document does not constitute investment advice.

Complete information regarding the funds, including all risks and costs, can be found in the current version of the respective sales prospectus. This, together with the “Key Investor Information Document (KID),” constitutes the sole binding sales documents for the funds.

Investors may obtain these documents, including regulatory information and the current founding documents in German, free of charge in written form from DWS Investment GmbH, Mainzer Landstraße 11-17, 60329 Frankfurt am Main, and, in the case of Luxembourg funds, from DWS Investment S.A., 2, Boulevard Konrad Adenauer, L-1115 Luxembourg, free of charge in written form  or electronically in the relevant languages at: www.dws.de for Germany and https://funds.dws.com/ for Austria and Luxembourg, and for passive investments at www.etf.dws.com 

A summary of investor rights for investors in passive products is available at (Germany – German) https://etf.dws.com/de-de/ueber-uns/umgang-mit-beschwerden-etfs/ (Austria – German)
https://etf.dws.com/de-at/ueber-uns/umgang-mit-beschwerden-etfs/ (Luxembourg – English) https://etf.dws.com/en-lu/about-us/how-to-complain-etfs/. The management company may decide to discontinue distribution at any time.

Forecasts are not a reliable indicator of future performance. Forecasts are based on assumptions, estimates, opinions, and hypothetical models or analyses that may prove to be inaccurate or incorrect.

Performance is calculated according to the BVI (German Investment and Asset Management Association) method, i.e., without taking into account any initial sales charge.
Further tax information is contained in the prospectus. Past performance is not a reliable indicator of future performance. All opinions expressed reflect the current assessment of DWS Group GmbH KGaA, which may change without prior notice.

This document is a promotional communication and not a financial analysis. Consequently, the information contained in this document does not meet all legal requirements to ensure the impartiality of investment recommendations and investment strategy recommendations and is not subject to any prohibition on trading prior to the publication of such recommendations. As explained in the respective sales prospectus, the distribution of the aforementioned funds is subject to restrictions in certain jurisdictions. This document and the information contained herein may only be distributed or published in countries where this is permitted under applicable laws. Accordingly, this document may not be distributed, either directly or indirectly, within the United States, to or for the account of U.S. persons, or to persons residing in the United States.

Xtrackers® is a registered trademark of the DWS Group

The registered office of Xtrackers (RCS No.: B-119.899), a company registered in Luxembourg, is located at 49, Avenue J.F. Kennedy, L-1855 Luxembourg, Luxembourg

DWS Group GmbH & Co. KGaA, CRC 109 755, March 31, 2026