Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Xtrackers II Rolling Target Maturity Sept 2027 EUR High Yield UCITS ETF Share class: 1D, ISIN: LU1109939865, German Security Code: DBX0PP, Currency: EUR a sub-fund of Xtrackers II. The fund is a Luxembourg based UCITS (Undertakings for Collective Investment in Transferable Securities). The management company is DWS Investment S.A. (the manufacturer), a member of DWS Group. Please refer to www.etf.dws.com or call +352 42101 - 860 for more information. The Competent Authority Commission de Surveillance du Secteur Financier is responsible for supervising Xtrackers II in relation to this Key Information Document. This PRIIP is authorised in Luxembourg. The management company DWS Investment S.A. is authorised in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. This key information is accurate as at 19.02.2025. What is this product? Type The product is a UCITS - Part 1 sub-fund of a SICAV under Luxembourg law. The fund is a UCITS ETF. Term This product is an open-ended fund without predefined maturity. You may request the redemption of shares generally on each valuation date. The company may, however, suspend the redemption if extraordinary circumstances appear to make this necessary, taking into account the interests of the investors. Further, the company may restrict the redemption. The product may be redeemed early in certain circumstances as set out in the sales prospectus. The 1D share class of Xtrackers II Rolling Target Maturity Sept 2027 EUR High Yield UCITS ETF was launched in 2015. Objectives The fund is passively managed. DESCRIPTION OF INDEX: The aim is for your investment to reflect the performance of the iBoxx EUR Liquid High Yield 2027 3-Year Rolling Index (index). The index aims to reflect the performance of liquid, fixed and floating rate, sub- investment grade, high yield and EUR denominated corporate bonds issued by both Eurozone and non-Eurozone issuers with maturity dates on or between 1 October 2026 and 30 September 2027 (initial maturity window). During the initial maturity window, the index will also include certain Euro-denominated Treasury bills issued by certain European governments with 1 to 3 months remaining to maturity (bills). On the final day of the initial maturity window, the index will roll into the next maturity window, investing in high yield corporate bonds that mature 3 years after - between 1 October 2029 and 30 September 2030 (subsequent maturity window). On the final day of the subsequent maturity window, the index will then roll again into the next maturity window, and this roll will repeat every 3 years in perpetuity on the final day of every maturity window. During all maturity windows the index will also include bills. REBALANCING, CALCULATION AND ADMINISTRATION: The weight of each corporate issuer is limited to 3% at each monthly rebalancing. During the maturity windows, the bond capping will not be applicable. During the maturity windows, cash amounts received from maturing bonds will be reinvested into bills rather than high yield corporate bonds at each rebalance. The index is administered by S&P Dow Jones Indices GmbH (index administrator) and is calculated by the index administrator on a daily basis. The calculation of the index follows the rules and publication calendar of the iBoxx EUR Liquid benchmark index. The index is calculated on a total return basis which means that any coupons received are reinvested. INVESTMENT POLICY: To achieve the aim, the fund will 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. 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. 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 1 per cent. The return of the product is reflected by the daily calculated net asset value per unit and the distribution amount if applicable. The currency of the fund is EUR. The fund distributes up to four times per annum. This fund is a sub-fund of Xtrackers II for which the sales prospectus and the periodic reports are prepared as a whole. The assets and liabilities of each sub-fund are segregated by law. As a result, assets of one sub-fund are not available in the event of claims against or insolvency of another. More share classes may be available for this fund - please refer to the relevant section of the sales prospectus for further details. You are not permitted to exchange your shares in this fund for other funds of Xtrackers II. The depositary is State Street Bank International GmbH, Luxembourg Branch. More detailed information of this fund, such as the sales prospectus as well as the latest annual and semi-annual report, can be obtained free of charge online at www.etf.dws.com. These documents are available in English or German. The documents as well as other information (including the latest share prices) are available free of charge. Intended retail investor The fund is designed for: (i) retail clients with (ii) basic knowledge and experience and (iii) are prepared to accept the level of risk indicated below (including losses up to the total invested amount). A typical investor will have (iv) a medium-term investment horizon (three years). The fund is suitable for (v) general capital accumulation (growth). What are the risks and what could I get in return? Risk Indicator12 34 56 7Lower risk Higher risk The risk indicator assumes you keep the product for 3 years.! The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 2 out of 7, which is a low risk class. This rates the potential losses from future performance at a low level, and poor market conditions are very unlikely to impact the capacity to pay you. The following is applicable if you subscribe for or settle shares in a different currency than the fund or share-class currency: Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. The following risks could be of particular significance for the fund: Credit risk, Derivatives risk, Bonds risk, Non-investment grade bonds risk, Conflicts of interest risk, Counterparty risk, Rules based index risk, Interest rate risk, Rolling Target Maturity Risk. A more detailed description of risks and other general information can be found in the risk section(s) of the sales prospectus. You may lose some or all of your investment. Your risk is limited to the amount invested. This product does not include any protection from future market performance so you could lose some or all of your investment. Performance Scenarios What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate and favourable scenarios shown are illustrations using the worst, average and best performance of the product and a suitable benchmark over the last 10 years. Markets could develop very differently in the future.Recommended holding period:3 years Example Investment:10.000 EUR If you exit after 1 year If you exit after 3 years ScenariosMinimum There is no minimum guaranteed return. You could lose some or all of your investment. What you might get back after costs 6,020 EUR 6,780 EUR Stress Average return each year -39.8 % -12.2 % What you might get back after costs 8,910 EUR 9,250 EUR Unfavourable Average return each year -10.9 % -2.6 % What you might get back after costs 10,200 EUR10,410 EUR Moderate Average return each year 2.0 % 1.3 % What you might get back after costs 11,780 EUR11,270 EUR Favourable Average return each year 17.8 %4.1 % The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. For the 1 year holding period the following applies: This type of scenario (Favourable, Moderate, Unfavourable) occured for an investment - possibly with reference to iBoxx EUR Liquid High Yield 2027 3-Year Rolling Index - between (Favourable: 31.03.2020-31.03.2021, Moderate: 31.05.2017-31.05.2018, Unfavourable: 29.03.2019-31.03.2020). For the recommended holding period the following applies: This type of scenario (Favourable, Moderate, Unfavourable) occured for an investment - possibly with reference to iBoxx EUR Liquid High Yield 2027 3-Year Rolling Index - between (Favourable: 31.03.2020-31.03.2023, Moderate: 28.12.2017-31.12.2020, Unfavourable: 31.03.2017-31.03.2020). What happens if DWS Investment S.A. is unable to pay out? The assets of the fund are kept separately from those of the management company, DWS Investment S.A.. An insolvency or default of the management company should not result in the fund suffering any financial loss in relation to its assets. On the insolvency or default of the depositary State Street Bank International GmbH, Luxembourg Branch securities held by the depositary on behalf of the fund should be protected but the fund may suffer loss in relation to cash and certain other assets which are not protected. Cash deposits of the fund deposited with other credit institutions may cause investors to suffer a financial loss if such deposits are not covered by any existing deposit guarantee schemes. Investment in the fund is not covered by any investor compensation or guarantee scheme. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: In the first year you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. 10.000 EUR is invested. If you exit after 1 yearIf you exit after 3 years Total costs45 EUR 137 EURAnnual cost impact (*) 0.5 % 0.5 % each year *This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 1.8% before costs and 1.3% after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount. Composition of costs One-off costs upon entry or exit If you exit after 1 yearEntry costs We do not charge an entry fee. 0 EURExit costsWe do not charge an exit fee. 0 EUROngoing costs taken each yearManagement fees and 0.30 % of the value of your investment per year. This is an estimate based on 30 EUR other administrative or actual costs for the fiscal year ending 31.12.2024. operating costsTransaction costs 0.15 % of the value of your investment per year. This is an estimate of the15 EUR costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.Incidental costs taken under specific conditionsPerformance feesWe do not charge a performance fee.0 EUR Secondary market investors (those who buy or sell shares on a stock exchange) may be charged certain fees by their stock broker. These charges, if any, can be obtained from such stock broker. Authorised participants dealing directly with the fund will pay the transaction costs related to their subscriptions and redemptions. 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 externalservice 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. How long should I hold it and can I take money out early? Recommended holding period: 3 years. The product has no minimum holding period. This product has no required minimum holding period. The recommended holding period has been selected due to its investment strategy and because it is designed for a medium term investment horizon. It is expected that it will be possible to achieve the investment objective of the fund within this time frame. You may request the redemption of shares generally on each valuation date. No fees or penalties will be charged by the company for any such transaction. There is no change on the risk return profile when you redeem your shares early. How can I complain? Complaints about the behaviour of the person who advised you on the product or sold it to you, should be addressed directly to that person. Complaints about the product or the behaviour of the manufacturer of this product should be directed to the following address: Postal Address: DWS Investment S.A., B.P. 766, L-2017 Luxembourg; Email: dws.lu@db.com; www.dws.lu We will then handle your request and provide you with feedback as soon as possible. We have a summary of our complaints handling procedure available free of charge online at www.etf.dws.com. Other relevant information Taxation regimes applicable to the fund in your jurisdiction may affect your personal tax situation. Prospective investors should inform themselves of, and where appropriate take advice on such taxation regimes. Information on the current remuneration policy of the management company, including a description of how remuneration and benefits are calculated is published on the Internet at https://www.dws.com/footer/Legal-Resources/dws-remuneration-policy?setLanguage=en. The information will be sent to you in paper form free of charge upon request. Information about the performance of this fund over the last 9 calendar years is available from https://etf.dws.com/Download/Past%20Performance/LU1109939865/LU/EN and information about previous performance scenarios is available from https://etf.dws.com/Download/Previous%20Performance/LU1109939865/LU/EN. The index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index