Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C

INVESTMENT OBJECTIVE: The aim is for your investment to reflect the performance of the ShortDAX x2 Index (index) which provides two times the opposite performance of the DAX Index (Underlying Index) on a daily basis plus a rate of interest. DESCRIPTION OF INDEX: This means the level of the index should rise at double the rate the Underlying Index falls and fall at double the rate the Underlying Index rises. The interest rate added to the index level is based on three times the rate at which banks in the Eurozone lend to each other on an overnight basis (as calculated by the European Central Bank). The Underlying Index reflects the performance of the shares of 40 of the largest companies on the Frankfurt Stock Exchange which meet the applicable eligibility criteria. To be included in the index, a company's readily available shares must be listed and continuously traded on the Frankfurt Stock Exchange, show a free float portion of at least 10% and meet order book turnover requirements on the Frankfurt Stock Exchange within the preceding 12 months. INDEX REBALANCING, CALCULATION AND ADMINISTRATION: The index is weighted in favour of larger companies. Only companies based in Germany are included in the index but the companies can come from any business sector. The index is reviewed and rebalanced quarterly. At each review, the combined value of a company's readily available shares cannot exceed 15% of the combined value of the shares of all companies comprising the index. As from 23 September 2024, should any individual company within the index reach a weight of 20% intra-quarter, the index will be re-balanced intra-quarter such that the individual company will be re-weighted to 15%. The index is calculated on a gross total return basis which means that all dividends and distributions are reinvested in the shares on a gross basis. INVESTMENT POLICY: To achieve the aim, the fund will enter into financial contracts (derivatives) with one or more swap counterparties to s

Synthetic replication - fully funded swap backed by collateral

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No