DBXT MSCI SINGAPORE IM ETF 10

IPO

Company Registration: DBXT MSCI SINGAPORE IM ETF 10
Company Introduction: The MSCI Singapore Investable Market Total Return Net Index (the “Index”) is a
free float-adjusted market capitalisation weighted index reflecting the
performance of large, mid, and small capitalisation companies in Singapore.
According to the MSCI index methodology the Index is designed to measure the
performance of equity securities in the top 99% of the free float-adjusted
market capitalisation of the equity securities listed on stock exchanges in
Singapore.

The Index is calculated in US Dollars on an end of day basis.

The Index is a total return net index. A total return net index calculates the
performance of the index constituents on the basis that any dividends or
distributions are reinvested after the deduction of any taxes that may apply.

The Index is reviewed and rebalanced on a quarterly basis and may also be
rebalanced at other times in order to reflect corporate activity such as
mergers and acquisitions.

The Index is calculated and maintained by MSCI Inc.

This section is a brief overview of the Index. It contains a summary of the
principal features of the Index and is not a complete description of the Index.
For further information on the Index, investors are invited to refer to the
relevant section(s) of the Singapore prospectus.

Features of Exchange Traded Funds
- Stock exchange liquidity with low bid/offer spread.
- Low cost index investment, efficient alternative to traditional mutual funds.
- Maximum 10% net counterparty risk exposure on derivative transactions, in
accordance with UCITS III investment restrictions. The credit rating of the
Swap Counterparty (Deutsche Bank AG, acting through its London branch) can be
obtained at www.db.com.

Risks associated with an investment in db x-trackers ETFs
- There will be a difference in performance (or "tracking error") between the
net asset value of db x-trackers ETFs and the relevant index being tracked due
to the impact of the All-In Fee (among other factors).
- db x-trackers ETFs may trade in limited markets including but not limited to
circumstances where the liquidity of the underlying index constituents may be
limited as a result of the imposition of trading restrictions.
- The value of an investment in db x-trackers ETFs may go down as well as up;
past performance is no guarantee of future returns.
- Investors should note that the db x-trackers ETFs are not capital protected
or guaranteed and that the capital invested or its respective amount are not
protected or guaranteed and investors in a db x-trackers ETF should be prepared
and able to sustain losses up to the total capital invested.
- For further information on risk factors, prospective investors are invited to
refer to the relevant section(s) of the Singapore prospectuses.

Index disclaimer
The db x-trackers MSCI SINGAPORE IM TRN INDEX ETF (the “ETF”) is not sponsored,
endorsed, sold or promoted by MSCI Inc (“MSCI”), any of its affiliates, any of
its information providers or any other third party involved in, or related to,
compiling, computing or creating any MSCI index (collectively, the “MSCI
Parties”). The MSCI indexes are the exclusive property of MSCI. MSCI and the
MSCI index names are service mark(s) of MSCI or its affiliates and have been
licensed for use for certain purposes by Deutsche Bank AG. None of the MSCI
Parties makes any representation or warranty, express or implied, to the issuer
or owners of the ETF or any other person or entity regarding the advisability
of investing in funds generally or in this ETF particularly or the ability of
any MSCI index to track corresponding stock market performance. MSCI or its
affiliates are the licensors of certain trademarks, service marks and trade
names and of the MSCI indexes which are determined, composed and calculated by
MSCI without regard to this ETF or the issuer or owners of this ETF or any
other person or entity. None of the MSCI Parties has any obligation to take the
needs of the issuer or owners of this ETF or any other person or entity into
consideration in determining, composing or calculating the MSCI indexes. None
of the MSCI parties is responsible for or has participated in the determination
of the timing of, prices at, or quantities of this ETF to be issued or in the
determination or calculation of the equation by or the consideration into which
this ETF is redeemable. Further, none of the MSCI Parties has any obligation or
liability to the issuer or owners of this ETF or any other person or entity in
connection with the administration, marketing or offering of this ETF.
Although MSCI shall obtain information for inclusion in or for use in the
calculation of the MSCI indexes from sources that MSCI considers reliable, none
of the MSCI Parties warrants or guarantees the originality, accuracy and/or the
completeness of any MSCI index or any data included therein. None of the MSCI
Parties makes any warranty, express or implied, as to results to be obtained by
the issuer of the ETF, owners of the ETF, or any other person or entity, from
the use of any MSCI index or any data included therein. None of the MSCI
Parties shall have any liability for any errors, omissions or interruptions of
or in connection with any MSCI index or any data included therein. Further,
none of the MSCI parties makes any express or implied warranties of any kind,
and the MSCI Parties hereby expressly disclaim all warranties of
merchantability and fitness for a particular purpose, with respect to each MSCI
index and any data included therein. Without limiting any of the foregoing, in
no event shall any of the MSCI Parties have any liability for any direct,
indirect, special, punitive, consequential or any other damages (including lost
profits) even if notified of the possibility of such damages.
No purchaser, seller or holder of this security, product or ETF, or any other
person or entity, should use or refer to any MSCI trade name, trademark or
service mark to sponsor, endorse, market or promote this security without first
contacting MSCI to determine whether MSCI’s permission is required. Under no
circumstances may any person or entity claim any affiliation with MSCI without
the prior written permission of MSCI.

db x-trackers – Deutsche Bank Exchange Traded Funds
Deutsche Bank db x-trackers is one of the world’s largest ETF providers with
more than US$40 billion1 in assets under management. With more than 190 db
x-trackers ETFs1 on various asset classes including equities, fixed income,
credit (long/short), money market, currencies and commodities, investors are
able to implement a wide range of market strategies in a transparent, flexible
and efficient manner. db x-trackers ETFs are supported by a range of market
makers and are listed on different exchanges all over Europe (Borsa Italiana,
Frankfurt Xetra, Paris Euronext, London Stock Exchange and Zurich SIX Swiss
Exchange). db x-trackers ETFs are now also available in Asia on The Stock
Exchange of Hong Kong Limited and the Singapore stock exchange (“SGX-ST”)
where Deutsche Bank is the largest ETF provider by product offerings. db
x-trackers ETFs seek to combine superior index tracking, liquidity,
transparency and innovation. They are designed to replicate the relevant index
performance “one-for-one” before fees which creates transparency. All db
x-trackers ETFs are built on the solid and stable foundations of Deutsche Bank
and provide peace of mind as they are supervised under the UCITS regulations.
db x-trackers was named the winner of multiple awards including AsianInvestor’s
“Exchange-traded funds, Asia Pacific” Award two years in a row, 2010 and 2011.

1Source: Deutsche Bank, as of 30 September 2011
_____________________________________________________________________________
Important Information

This report is issued in Singapore by Deutsche Bank AG, acting through its
Singapore branch and may not be reproduced, distributed or transmitted to any
person without express prior permission.
The db x-trackers ETFs are sub-funds of db x-trackers, which is a
Luxembourg-based investment company with variable capital. The db x-trackers
ETF specifically mentioned herein is recognised in Singapore for retail
distribution and listed and traded on SGX-ST. For Singapore regulatory
purposes, db x-trackers is the responsible person for the db x-trackers ETFs.
This document and the information contained herein may not be distributed and
published in jurisdictions in which such distribution and publication is not
permitted. Without limitation to the foregoing, any direct or indirect
distribution of this document into the United States, Canada or Japan, or to
U.S. persons or U.S. residents, is prohibited. No person selling or purchasing,
soliciting any sale or purchase of, or purporting to sell or purchase, any
share in the funds is authorised to act or make any representation express or
implied for and on behalf of the funds, db x-trackers or its manager or
Deutsche Bank AG and/or its affiliates (“DB”).
This document contains a short summary description of the above-mentioned db
x-trackers ETF and is provided for information purposes only and shall not be
relied upon for any investment or divestment decision. It does not create any
legally binding obligations on the part of DB. All figures are subject to
auditors' approval on the reporting dates. Data and information used in this
publication have been taken from international information vendors which are
believed to be accurate. DB accepts responsibility for accurately reproducing
such data and information but makes no warranty or representation as to the
correctness, completeness and accuracy of data and information sourced from
such information vendors. Net asset value or valuation information does not
represent DB's economic assessment of the value of the funds or shares, are
neither bid nor offer prices for shares and may not be prices at which the
shares may be purchased or sold by any investors. Past performance is not
indicative of future performance and the value of the shares may fall or rise.
The listing of the shares of db x-trackers ETFs does not guarantee a liquid
market for the shares.
This product may not be appropriate for all investors. Any investment in the
relevant funds involves numerous risks including, among others, market,
counterparty default and illiquidity risk. An investor could lose its entire
investment. We have prepared this document without consideration of the
investment objectives, financial situation or particular needs of any retail
investor. Without limitation, this document does not constitute an offer, an
invitation to offer or a recommendation to enter into any transaction. Before
entering into any transaction you should take steps to ensure that you fully
understand the transaction and have made an independent assessment of the
appropriateness of the transaction in the light of your own objectives and
circumstances, including the possible risks and benefits of entering into such
transaction. You should also consider seeking independent professional advice
in making this assessment and read the relevant Singapore prospectus before
deciding to invest in shares of the db x-trackers ETFs. Investment involves
risks such as possible loss of the principal amount invested. The value of the
shares and the income from the db x-trackers ETFs (if any) may fall or rise.
Investors may only redeem shares in the db x-trackers ETFs with the manager
directly under certain specified conditions as described in the relevant
Singapore prospectus. Investors should note that the db x-trackers ETFs may
invest, as a part of their investment policy, in financial derivative
instruments such as index swap transaction(s). Investors should refer to
paragraph 17.3 of the relevant Singapore prospectus for further details.
Investors should note that the net asset value of the above-mentioned db
x-trackers ETF may have a high volatility due to its investment objective. An
investment in the above-mentioned db x-trackers ETF is suitable for investors
who are able and willing to invest in a sub-fund with a high risk grading as
further described in paragraph 5 of the Singapore prospectus. Investors should
note that the risk grading set out in the section “TYPOLOGY OF RISK PROFILES”
of the Luxembourg prospectus of db x-trackers has been established by db
x-trackers for the sole purpose of comparison with other sub-funds offered to
the public by db x-trackers and has not been independently reviewed or assessed
by any third party.
db x-trackers ETFs may enter into transactions in over-the-counter markets,
which will expose the relevant db x-trackers ETF to the credit risk of the
counterparties to such transactions and their ability to satisfy the terms of
such transactions. Swap agreements which the relevant db x-trackers ETF may
enter into are subject to the risk that the swap counterparty may default on
its obligations. Please refer to the Singapore prospectus of the relevant db
x-trackers ETF for more information on the risks of investing in the relevant
db x-trackers ETF, including amongst others, the counterparty risk and risk of
the swap agreements. Information on the current credit rating of Deutsche Bank
AG, the swap counterparty, may be obtained at www.db.com.
DB is not acting as your financial adviser or in any other fiduciary capacity.
DB may engage in transactions in a manner inconsistent with the views discussed
herein. DB trades or may trade as principal in the instruments (or related
derivatives), and may have proprietary positions in the instruments (or related
derivatives) discussed herein. DB may maintain a long or short position in the
securities referred to herein, or in related futures or options, purchase or
sell, make a market in, or engage in any other transaction involving such
securities, and earn brokerage or other compensation.
This document was prepared by a sales or structuring function within DB, and
was not produced, reviewed or edited by the DB Research Department. Any
opinions expressed herein may differ from the opinions expressed by other DB
departments including the Research Department. Sales and structuring functions
are subject to additional potential conflicts of interest which the Research
Department does not face.
A complete description of the relevant db x-trackers ETF is included in the
latest version of the Singapore prospectus issued by db x-trackers. Copies of
the Singapore prospectus and the semi-annual and annual reports are available
at www.dbxtrackers.com.sg and may be obtained from the Singapore Representative
(Deutsche Securities Asia Limited, Singapore Branch, having its registered
office located at One Raffles Quay, #17-10, Singapore 048583), or from the
registered office of db x-trackers (RCS Nr.: Luxembourg B-119899 (located at
49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg).
Alternatively, prospective investors may contact Deutsche Bank AG, Singapore
Branch, located at One Raffles Quay #18-00 South Tower, Singapore 048583
(Hotline: +65 6238 8868, Website: www.dbxtrackers.com.sg, e-mail:
info.dbx-trackers@db.com, Bloomberg DBETF | Reuters DBETF).

© 2011 Deutsche Bank AG

Closing Dates

Closing Date

Prospectus

Issue Manager And Underwriters

Issue Manager and Underwriter