Key Investor Information for Investors in the United Kingdom This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Xtrackers II USD Emerging Markets Bond UCITS ETF Share class: 1C - EUR Hedged, ISIN: LU0321462953, Security code: DBX0AV, Currency: EUR a sub-fund of Xtrackers II. The management company is DWS Investment S.A., a member of the DWS Group. Objectives and investment policy The fund is passively managed. INVESTMENT OBJECTIVE: The investments as determined by DWS entities and ii) enter into aim is for your investment to reflect the performance of the FTSE financial contracts (derivatives) which attempt to reduce the effect Emerging Markets USD Government and Government-Relatedof exchange rate fluctuations between the currency of the fund's Bond Select Index (index), while seeking to minimise foreign assets and the currency of your shares. The fund may employ currency fluctuations at share class level. DESCRIPTION OFtechniques and instruments in order to manage risk, reduce costs INDEX: The index aims to reflect the performance of both and improve results. These techniques and instruments may investment-grade and high-yield US Dollar denominated debtinclude the use of derivatives. The fund may also engage in issued by governments, regional governments and governmentsecured lending of its investments to certain eligible third parties to related entities, domiciled in emerging market countries. For debtgenerate additional income to offset the costs of the fund. securities to be included in the index they must meet specificFURTHER INFORMATION: Certain information (including the latest criteria, including minimum credit ratings of debt security issuers. share prices of the fund, indicative net asset values, full disclosure Issuers must be from countries classified as emerging markets and on the composition of the fund's portfolio and information on the securities issued must be denominated in US Dollars. INDEXindex constituents) are available on your local DWS website or at REBALANCING, CALCULATION AND ADMINISTRATION: The www.Xtrackers.com. Transaction costs and taxes, unexpected fund index is calculated on a total return basis, which means that costs and market conditions such as volatility or liquidity issues may amounts equivalent to interest payments are reinvested in the affect the ability of the fund to track the index. The anticipated level index. The index is administered by FTSE Fixed Income LLC and of tracking error in normal market conditions is 1 per cent. The reviewed and rebalanced monthly. INVESTMENT POLICY: Tocurrency of the fund is USD. Returns and gains are not distributed achieve the aim, the fund will i) attempt to replicate the index, but are reinvested in the fund. You may request the redemption of before fees and expenses, by buying a portfolio of securities thatshares generally on a daily basis. may comprise the constituents of the index or other unrelated Risk and reward profile Lower risk Higher risk which may fall. This may result in your investment suffering a loss. Markets in those bonds may at times become volatile or illiquid. Potentially lower reward Potentially higher reward This means that ordinary trading activity may occasionally be 1 2 3 456 7disrupted or impossible. The index may be affected, and your investment may suffer a consequent loss. The fund invests in non- The calculation of the risk and reward profile is based on historical investment grade bonds which generally have a higher risk of data that cannot be used as a reliable indicator for the future risk default and are more susceptible to market fluctuations than profile. This risk indicator is subject to changes; the classification of investment grade bonds. This may affect the value of your the fund may change over time and cannot be guaranteed. Even ainvestment. EMERGING MARKETS RISK: The fund is exposed to fund that is classified in the lowest category (category 1) does not less economically developed economies (known as emerging represent a completely risk-free investment. The fund is classified markets) which involve greater risks than well developed in category 5 because its share price fluctuates comparativelyeconomies. Political unrest and economic downturn may be more strongly and the likelihood of both losses and gains is therefore likely and will affect the value of your investment. DERIVATIVES relatively high. The following risks could be of particular RISK: The fund may use derivatives to i) try to manage its significance for the fund: The following risks could be of particular investments more efficiently and ii) try to reduce movements in significance for the fund: The fund will attempt to replicate the currency exchange rates between the currency of the fund’s assets performance of the index less costs, but your investment is not and the currency of the fund’s shares. This may not always be expected to match the performance of the index precisely. successful and may result in greater fluctuations in the value of the EXCEPTIONALCIRCUMSTANCESRISK: Exceptional fund. This may negatively affect the value of the fund and your circumstances may arise, such as, but not limited to, disruptive investment. CURRENCY RISK: Fluctuations in interest rates of the market conditions, additional costs/taxes or extremely volatile currency of the shares, the index or the other assets of the fund markets, which may cause the fund's performance to be may affect the value of your investment. CREDIT RISK & substantially different from the performance of the index.INTEREST RATE RISK: The fund may invest in bonds which are CONFLICTS OF INTEREST RISK: DWS entities and related exposed to credit risk and interest rate risk. Credit risk means that companies may act in several roles in relation to the fund such asthere is a risk that the bond issuer may be unable to pay interest or distributor and management company which may involve conflictsrepay the bond principal, resulting in your investment suffering a of interest. NO GUARANTEE RISK: The fund is not guaranteedloss. Interest rate risk means that if interest rates rise, typically the and your investment is at risk. The value of your investment may value of the bond will fall, which could also affect the value of your go down as well as up. BONDS RISK: The index provides a investment. notional exposure to the value and/or return of certain bonds,A more detailed description of risks and other general information can be found in the risk section(s) of the prospectus. Charges The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you investSecondary market investors (those who buy or sell shares Entry charge None on a stock exchange) may be charged certain fees by their Exit charge None stock broker. These charges, if any, can be obtained from This is the maximum that might be taken out of your money before it is such stock broker. Authorised participants dealing directly invested (entry charge) and before the proceeds of your investment are paid with the fund will pay the transaction costs related to their out (exit charge). subscriptions and redemptions. Charges taken from the fund over a year The ongoing charges figure is based on expenses for the Ongoing charges 0.40 %fiscal year ending 31.12.2024. It may vary from year to Charges taken from the fund under certain specific conditions year. It excludes portfolio transaction costs and Performance fee None performance fees, if any. Additional information on costs can be found in the cost Securities lending fees 0.01 % section(s) of the prospectus. To the extent the fund undertakes securities lending to generate revenue, the fund will ultimately be allocated 70% of the associated gross revenue. The remaining 30% will be allocated to the management company, out of which it (i) retains 5% of such 30% (that is 1.5% of the overall gross revenues generated from such transactions) for its own coordination and oversight tasks, (ii) pays the direct costs to external service providers, and (iii) pays such revenues as remain following payment of (i) and (ii) to the investment manager for supporting the management company in initiating, preparing and implementing securities lending transactions, as set out in the sales prospectus. As securities lending revenue sharing does not increase the costs of running the fund, this has been excluded from the composition of costs. Past performance aaa Past performance is not a reliable indicator of future performance. All costs and fees that were withdrawn from the 1C - EUR Hedged share class of Xtrackers II USD Emerging Markets Bond UCITS ETF were deductedduringthe calculation. The 1C - EUR Hedged share class of Xtrackers II USD Emerging Markets Bond UCITS ETF was launched in 2008. ─── As of 17 May 2018 the share class changed its benchmark index to the FTSE Emerging Markets USD Government and Government-Related Bond Select Index. The investment objectives of the share class are unchanged and it continues to hedge currency risk. The index performance shown for 2018 is based solely on the performance of the FTSE Emerging Markets USD Government and Government-Related Bond Select Index. The 2017 reference period shows a combined performance of the FTSE Emerging Markets USD Government and Government-Related Bond Select Index, Currency- Hedged in EUR (from 7 November 2017 until 31 December 2017) and the Deutsche Bank Emerging Markets Liquid Eurobond Index (from 1 January 2017 until 6 November 2017). The index performance for the 2009-2016 reference period shows the performance of the Deutsche Bank Emerging Markets Liquid Eurobond Index. Practical information The depositary is State Street Bank International GmbH, and where appropriate take advice on such taxation regimes. Luxembourg Branch. Copies of the prospectus and the periodicXtrackers II may be held liable solely on the basis of any statement reports are available free of charge in the language of thiscontained in this document that is misleading, inaccurate or document. The documents as well as other information (including inconsistent with the relevant parts of the sales prospectus. This the latest share prices as well as the indicative net asset values) fund is a sub-fund of Xtrackers II for which the sales prospectus are available free of charge. The documents are available on your and the periodic reports are prepared as a whole. The assets and local DWS website or at www.Xtrackers.com, for full disclosure on liabilities of each sub-fund are segregated by law. As a result, the composition of the fund's portfolio and information on the indexassets of one sub-fund are not available in the event of claims constituents please refer to this website as well. Information on the against or insolvency of another. More share classes may be current remuneration policy of the management company, available for this fund - please refer to the relevant section of the including a description of how remuneration and benefits aresales prospectus for further details. You are not permitted to calculated is published on the Internet at exchange your shares in this fund for other funds of Xtrackers II. https://www.dws.com/footer/Legal-Resources/dws-remuneration-This fund is authorised in Luxembourg and is regulated by the policy?setLanguage=en. The information will be sent to you in Commission de Surveillance du Secteur Financier. DWS paper form free of charge upon request. Taxation regimesInvestment S.A. is authorised in Luxembourg and is regulated by applicable to the fund in your jurisdiction may affect your personalthe Commission de Surveillance du Secteur Financier. tax situation. Prospective investors should inform themselves of, This key investor information is accurate as at 12.02.2025. The fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). The LSE Group does not accept any liability whatsoever to any person arising out of the use of the fund or the underlying data.