DWS is the brand name of DWS Group GmbH & Co. KGaA. The respective legal entities offering products or services under the DWS brand are specified in the respective contracts, sales materials and other product information documents. DWS Group GmbH & Co. KGaA, its affiliated companies and its officers and employees (collectively “DWS Group”) are communicating this document in good faith and on the following basis.

This document has been prepared without consideration of the investment needs, objectives or financial circumstances of any investor. Before making an investment decision, investors need to consider, with or without the assistance of an investment adviser, whether the investments and strategies described or provided by DWS Group, are appropriate, in light of their particular investment needs, objectives and financial circumstances. Furthermore, this document is for information/discussion purposes only and does not constitute an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. DWS Group does not give tax or legal advice. Investors should seek advice from their own tax experts and lawyers, in considering investments and strategies suggested by DWS Group. Investments with DWS Group are not guaranteed, unless specified.

The information contained in this document does not constitute a financial analysis but qualifies as marketing communication. This marketing communication is neither subject to all legal provisions ensuring the impartiality of financial analysis nor to any prohibition on trading prior to the publication of financial analyses.

Investments are subject to various risks, including market fluctuations, regulatory change, possible delays in repayment and loss of income and principal invested. The value of investments can fall as well as rise and you might not get back the amount originally invested at any point in time. Furthermore, substantial fluctuations of the value of the investment are possible even over short periods of time. The terms of any investment will be exclusively subject to the detailed provisions, including risk considerations, contained in the offering documents. Investment returns may also increase or decrease due to exchange rate fluctuations. When making an investment decision, you should rely on the final documentation relating to the transaction and not the summary contained herein. Past performance is no guarantee of current or future performance. Nothing contained herein shall constitute any representation or warranty as to future performance.

Although the information herein has been obtained from sources believed to be reliable, DWS Group does not guarantee its accuracy, completeness or fairness. No liability for any error or omission is accepted by DWS Group. Opinions and estimates may be changed without notice and involve a number of assumptions which may not prove valid. All third party data (such as MSCI, S&P, Dow Jones, FTSE, Bank of America Merrill Lynch, Factset & Bloomberg) are copyrighted by and proprietary to the provider. DWS Group or persons associated with it may (i) maintain a long or short position in securities referred to herein, or in related futures or options, and (ii)purchase or sell, make a market in, or engage in any other transaction involving such securities, and earn brokerage or other compensation.

The document was not produced, reviewed or edited by any research department within DWS Group and is not investment research. Therefore, laws and regulations relating to investment research do not apply to it. Any opinions expressed herein may differ from the opinions expressed by other DWS Group departments including research departments. This document may contain forward looking statements. Forward looking statements include, but are not limited to assumptions, estimates, projections, opinions, models and hypothetical performance analysis. The forward looking statements expressed constitute the author’s judgment as of the date of this material. Forward looking statements involve significant elements of subjective judgments and analyses and changes thereto and/or consideration of different or additional factors could have a material impact on the results indicated. Therefore, actual results may vary, perhaps materially, from the results contained herein. No representation or warranty is made by DWS Group as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein.

This document may not be reproduced or circulated without DWS Group’s written authority. The manner of circulation and distribution of this document may be restricted by law or regulation in certain countries, including the United States.

This document is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, including the United States, where such distribution, publication, availability or use would be contrary to law or regulation or which would subject DWS Group to any registration or licensing requirement within such jurisdiction not currently met within such jurisdiction. Persons into whose possession this document may come are required to inform themselves of, and to observe, such restrictions.

Unless notified to the contrary in a particular case, investment instruments are not insured by the Federal Deposit Insurance Corporation (”FDIC“) or any other governmental entity, and are not guaranteed by or obligations of DWS Group.

© 2024 DWS Investments Singapore Limited.

In Singapore, this website is issued by DWS Investments Singapore Limited. This website has not been reviewed by the Monetary Authority of Singapore.

For Singapore regulatory purposes, Xtrackers/Xtrackers II (the “Company”) is the responsible person for the ETFs.

We may record telephone calls made to our office for our mutual protection and to improve customer service.

You should refer to the latest version of the Singapore prospectus issued by the Company (“Singapore Prospectus”) for details before deciding whether to invest in shares of the relevant ETF. Copies of the Singapore Prospectus are available on the website www.etf.dws.com and may also be obtained from the Singapore Representative (DWS Investments Singapore Limited).

Investment in the ETFs involves risks, including the possible loss of the principal amount invested. The value of the shares and the income from the ETFs may fall as well as rise. Past performance of DWS, any ETF and/or any other person referred to in this document and any opinions, forecasts, assumptions, estimates made are not necessarily indicative of future or likely performance of DWS, any ETF and/or any other person referred to in this document. You should note further that information and performance of the respective indices should not be used or construed as the information or a proxy, prediction, forecast or projection of the performance or future performance of any ETF. An investment in any ETF with a high risk grading as further described in the Singapore Prospectus is only suitable for investors who are able and willing to take such risk. The listing of the shares in any ETF does not guarantee a liquid market for the shares. You may only redeem shares in the relevant ETF with the Company under certain specified conditions as described in the Singapore Prospectus.

The ETFs may enter in over-the-counter derivative transactions such as swap(s) which will expose the relevant ETF to the credit risk of the counterparties to such transactions. The swap(s) may be adjusted to reflect certain transaction costs, which may affect the NAV of an ETF. The NAV of the relevant ETF may have a high volatility due to its investment objectives, policies or portfolio management techniques. Please refer to the Singapore Prospectus for more details. The list of approved swap counterparties to each indirect replication fund is available on the website www.etf.dws.com. Where Deutsche Bank AG is a swap counterparty, this may give rise to potential conflicts of interest. The approved swap counterparties to each indirect replication fund may vary from time to time. For information on the credit ratings of the approved swap counterparties for indirect replication funds, you can contact the Singapore Representative at telephone number +65 6538 5550.