Xtrackers Physical Silver EUR Hedged ETC

The ETC securities provide you with exposure to silver, with a foreign exchange (FX) hedge to the Euro, without requiring you to acquire ownership in silver 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 silver, known as the metal entitlement per ETC security. The metal entitlement was initially 10 fine troy ounces (one fine troy ounce being 31.1035 grams) of silver and is reduced on a daily basis to reflect (i) the base fee; and (ii) the FX hedging fee percentage (together the fees). The relevant auction price for silver used in the ETC securities is as determined by the London Bullion Market Association (LBMA) at 12:00 local London time. The level of fees and the current metal entitlement is specified on www.etf.dws.com. The FX hedging fee percentage reflects a fee for the provision of the FX hedging element which attempts to reduce the difference between the currency in which the ETC securities are denominated (Euro) and the currency in which the silver is denominated (USD). Any gains or losses on the FX hedge will also be taken into account in the metal entitlement and will also affect the value of the ETC security. The issuer publishes a calculated daily value per security which equals the relevant silver 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 silver to cover its obligations under the ETC securities. On redemption, the metal agent (JPMorgan Chase Bank N.A.) will sell the silver 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

Replica fisica

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No