Xtrackers Physical Gold ETC

The ETC securities provide you with exposure to gold 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 0.1 fine troy ounces (one fine troy ounce being 31.1035 grams) of gold and is reduced on a daily basis to reflect the base fee. 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 the fee and the current metal entitlement is specified on www.etf.dws.com. The issuer publishes a calculated daily value per security which equals the relevant gold price, multiplied with the relevant metal entitlement. This value does not equal the relevant secondary market price (for purchase or sale). The issuer will seek to hold a sufficient amount of gold to cover its obligations under the ETC securities. On redemption, the metal agent (JPMorgan Chase Bank N.A.) will sell the gold and proceeds will be used to pay amounts due to security holders. Subject to any amounts paid to you due to early redemption, no amounts are payable under the ETC security prior to the maturity date. On redemption, it is intended that the ETC security will become payable at an amount equal to the higher of (i) the weighted average prices at which the gold can be sold by the metal agent over a specified period prior to the redemption date multiplied by the metal entitlement on such redemption date and (ii) 10 percent of the issue price of the ETC security. However, since the ability to make such payment is dependent on whether there is sufficient proceeds from the sale of the gold available, security holders may receive no payment or less than 10 percent of the issue price in certain circumstances. ETC securities will not pay periodic interest. If the issuer dec

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No