DZZ – DB Gold Double Short ETN – ETF Investment Strategy

Strategy

The investment seeks to replicate, net of expenses, twice of the inverse of the daily performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DGJ	DB Gold Double Short ETN	ETF	Open	—	—	Feb 27, 2008	—	0.750%	—	—	—
DZZ	DB Gold Double Short ETN	ETF	Open	—	—	Feb 27, 2008	$1.10M	0.750%	—	—	$0.00

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DB Gold Double Short ETN DZZ Strategy

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