SZOXF – DB Crude Oil Short ETN – ETF Investment Strategy

Strategy

The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity index - Optimum Yield Oil Excess Return. The fund allows investors to take a short view on the performance of the index. The index is a rules-based index composed of futures contracts on light sweet crude oil (WTI) and is intended to reflect the performance of crude oil.

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
SZOXF	DB Crude Oil Short ETN	ETF	Open	—	—	Jun 16, 2008	$7,777.00	0.750%	—	—	−$3,489.21

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DB Crude Oil Short ETN SZOXF Strategy

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