Xtrackers J P Morgan Usd Emerging Markets Bond UCITS ETF 1d Eur HedgedIndex, costs, backtest, listings and taxation

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The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country (index), while seeking to minimise foreign currency fluctuations at share class level.

DESCRIPTION OF INDEX:The index aims to reflect the performance of US Dollar denominated, emerging market, fixed and floating-rate debt instruments issued by sovereign and quasi-sovereign entities.

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Eligible debt securities must be issued by governments domiciled in emerging market countries, as determined by the index administrator. A country is eligible for the index if it meets either of the following criteria for three successive years: (a) its GNI per capita is below a certain index income threshold; or (b) its national cost of living, as measured by the Index Purchasing-Power-Parity Ratio is below a certain threshold. A country shall be excluded from the index if both the aforementioned criteria are not met, and its sovereign credit rating is at or above a certain threshold for three successive years. A maximum country weight cap of 10% is applied to the index constituents, occurring at the date of each rebalance.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a total return basis, which means that amounts equivalent to interest payments are reinvested in the index. The index is administered by J.P. Morgan Securities LLC and reviewed and rebalanced monthly.

INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments 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 fund's assets 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. FURTHER INFORMATION: 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 2 per cent. The currency of the fund is USD. The fund distributes up to four times per annum. You may request the redemption of shares generally on a daily basis.

this share class is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Countries

Dividends

ETFs declaring the same index