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Press release from Business Wire

Deutsche Asset & Wealth Management Launches Municipal Infrastructure Revenue Bond ETF and Regulated Utilities ETF

Tuesday, June 04, 2013

Deutsche Asset & Wealth Management Launches Municipal Infrastructure Revenue Bond ETF and Regulated Utilities ETF

10:00 EDT Tuesday, June 04, 2013

NEW YORK (Business Wire) -- Deutsche Asset & Wealth Management today announced the launch of the db X-trackers Municipal Infrastructure Revenue Bond Fund (NYSE Ticker: RVNU) and the db X-trackers Regulated Utilities Fund (NYSE Ticker: UTLT). RVNU is the only exchange-traded fund (ETF) on the market offering investors targeted access to municipal infrastructure revenue bonds and UTLT is first ETF to provide investors with 100% exposure to regulated utilities.

The new funds offer unique investment opportunities in markets not previously served by ETFs. RVNU invests in municipal infrastructure revenue bonds which are backed by dedicated revenue streams from infrastructure projects. UTLT provides investors exposure to regulated utilities, an asset class backed by a government regulated rate base that produces stable earnings.

“UTLT and RVNU are unique in allowing access to two new market sectors. The new ETFs further demonstrate our commitment to growing the db X-trackers platform in the U.S. with first-to-market products that fill gaps in investor demand,” said Martin Kremenstein, Deutsche Asset & Wealth Management Americas Head of Passive Asset Management.

RVNU seeks to track the DBIQ Municipal Infrastructure Revenue Bond Index, a proprietary index of long-term U.S. tax-exempt bonds focusing on investment-grade1 bonds issued for infrastructure purposes that are backed by dedicated revenue streams. The index has over 500 constituents representing approximately 150 unique municipal obligors with approximately $73 billion in total market value.

UTLT seeks to track the DBIQ Regulated Utility Index, a proprietary index of regulated utility companies from developed international markets. This index includes companies whose primary business operations are in the regulated utility sector. This includes companies whose non-utility businesses and/or unregulated utilities businesses represent 25% or less of EBITDA (or if EBITDA is not available, net income or operating income) in any year on a three-year look back basis.

Deutsche Asset & Wealth Management's U.S. exchange traded products (ETP) platform includes 55 ETPs, with approximately $11.6 billion in assets under management. Deutsche Asset & Wealth Management's ETP platform was launched in 2006 and has risen to become the second largest ETP provider in Europe and the fifth largest in the world, with approximately $63 billion in assets under management as of May 24, 2013.2

For more information about the ETPs available in the U.S., visit: http://www.dbxus.com. For further information about this press release, please call:

Pholida Barclay
Phone: +1 (212) 250- 6853
E-Mail: pholida.barclay@db.com

Deutsche Asset & Wealth Management

With $1.2 trillion of assets under management (as at December 31, 2012), Deutsche Asset & Wealth Management is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

Deutsche Asset & Wealth Management is the brand name for the Asset Management & Wealth Management-division of Deutsche Bank AG and its subsidiaries. The responsible legal entities offering clients products or services of Deutsche Asset & Wealth Management are listed in the respective contracts, sales materials and other product information documents.

Disclaimers

1 Investment-grade is a rating from a Nationally Recognized Statistical Rating Organization that indicates that a bond has a relatively lower risk of default than those that are rated below investment-grade.

2 Source: Deutsche Asset & Wealth Management

Carefully consider the fund's investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the fund‘s prospectuses, which may be obtained by calling 1-855-329-3837 or by visiting www.dbxus.com . Read the prospectuscarefully before investing.

RISKS

Investing involves risk, including possible loss of principal. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly. An investment in these funds should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with these funds. These funds are new and have limited operating history. db X-trackers Regulated Utilities Fund (UTLT): Companies in the utilities sector are subject to a variety of factors that may adversely affect their business or operations, including operating costs; increased competition; deregulation; effects of a national energy policy. Issuers in the utilities sector also may be subject to regulation by various governmental authorities and may be affected by the imposition of special tariffs and changes in tax laws, regulatory policies and accounting standards. db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU): Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest. The credit quality of revenue bonds is dependent upon the ability of the user of the facilities financed by the bonds and any guarantor to meet its financial obligations. Private activity bond issuers may be negatively impacted by conditions affecting either the general credit of the user of the private activity project or the project itself. Bond investments are subject to interest-rate and credit risks. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest.

One cannot invest directly in an index.

Shares of the funds may be sold throughout the day on the exchange through any brokerage account. However, shares may only be purchased and redeemed directly from the funds by authorized participants in very large creation/redemption units. There is no assurance that an active trading market for shares of a fund will develop or be maintained.

Investment products: No bank guarantee | Not FDIC insured | May lose value

db X-trackers are distributed by ALPS Distributors, Inc.

Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its subsidiaries. Clients will be provided Deutsche Asset & Wealth Management products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services.

© 2013 Deutsche Asset & Wealth Management Inc. All rights reserved. DBX348 EXP 5/31/14

R-031705-1

Deutsche Bank
Pholida Barclay
Phone: +1 (212) 250- 6853
E-Mail: pholida.barclay@db.com

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