db x-trackers S&P 500 Inverse Daily 1C

The Investment Objective of the Sub-Fund is to track the performance of the Underlying Asset, which is the S&P 500 Inverse Daily Index. The objective of the Index is to provide the inverse performance of the S&P 500 Total Return (TR) Index on a daily basis plus a prorated portion of interest, based on double the Overnight USD LIBOR rate.
The fund will mainly invest in transferable securities and use derivative techniques such as index swap agreements negotiated at arm's length with the Swap Counterparty. It invests part or all of the net proceeds of any issue of its Shares in one or more OTC Swap Transactions and exchange the invested proceeds against the performance of the Index. The fund will not invest more than 10% of its assets in units or shares of other UCITS or other UCIs. The fund will in no circumstances be leveraged for investment purposes and will therefore not be subject to any shortfall risk. It will have no maturity date.

Key stats

Management firm  db x-trackers
Domicile  Luxembourg
Fund Administrator  State Street Bank Luxembourg S.A.
Global Branding Name  db X-trackers
Fund currency  USD
Net Assets Date  2014-08-31
Net Assets  $248,512,617
Launch Date  2008-01-15
ISIN  LU0322251520
SEDOL  B2PDKQ3
Manager 1 Name  Management Team
Fund Strategy  Trading - Leveraged/Inverse Equity
Benchmark  S&P 500 Inverse Daily TR USD
Fund Structure  SICAV
UCITS 3 compliant  yes

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  -3.97%
Return - 2 Months  -2.78 %
Return - 3 Months  -4.84%
Return - 6 Months  -8.93 %
Return - 9 months  -12.51 %
Return - 12 Months  -21.68%
Annualized return 24 months  -19.63 %
Annualized return 36 months  -19.38 %
Annualized return 48 months  -19.34 %
Annualized return 60 months  -17.31 %
Return 120 months  0.00 %
Annualized return since Inception  -12.57%
Return YTD  -10.16%

Charges

Initial  0.00 %
Maximum Managment Charge  0.30 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  49, avenue J.F. Kennedy
Contact city  Luxembourg
Contact country  Luxembourg
Fund Admin Group  db x-trackers
Custodian  State Street Bank Luxembourg S.A.

Price

Last Price Date  2014-09-17
Pre-tax nav  23.27
Pre-tax offer  23.49
Pre-tax bid  23.02
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.03
Price change (percentage)  -0.13 %
Guaranteed NAV  0.00000
Close Price  0.00

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