Deutsche Bank today announced the rebranding of five Exchange Traded Funds (ETFs) to join its recently launched db-X suite of products, doubling the number of ETFs offered under its “db-X” umbrella. The five funds, previously known as the TDX Independence Funds, are now known as the db-X Target Date Funds. The db-X Target Date Funds are a suite of ETFs that seek to track the Zacks Lifecycle indexes and are designed to provide investors with a single investment to diversify across domestic equities, international equities and fixed income, based on a fixed investment horizon. Each db-X Target Date Fund’s name will continue to correspond to a specified “target” year. The db-X Target Date Funds’ underlying indexes and trading symbols have not changed. Collectively, the db-X Target Date Funds have approximately $134 million in assets as of June 21, 2011. On June 9, Deutsche Bank’s db-X Group launched five currency-hedged ETFs designed to provide investors with direct exposure to international equity markets while seeking to eliminate the impact of currency fluctuations. On June 17, the db-X Target Date Funds joined these ETFs under the “db-X” umbrella. Listed below are the new and former names of each db-X Target Date Fund. Previous: TDX Independence 2010 ETF New: db-X 2010 Target Date Fund (NYSE Ticker: TDD) Previous: TDX Independence 2020 ETF New: db-X 2020 Target Date Fund (NYSE Ticker: TDH) Previous: TDX Independence 2030 ETF New: db-X 2030 Target Date Fund (NYSE Ticker: TDN) Previous: TDX Independence 2040 ETF New: db-X 2040 Target Date Fund (NYSE Ticker: TDV) Previous: TDX Independence In-Target ETF New: db-X In-Target Date Fund (NYSE Ticker: TDX) Deutsche Bank’s db-X Group is a leading global provider of exchange-traded products (ETPs) currently with $67 billion in assets under management (AUM) in the U.S., Europe and Asia and more than 200 products offered. In the U.S., Deutsche Bank currently offers 49 ETPs with approximately $14.5 billion in AUM.
“Broadening the base of funds on our db-X platform reinforces Deutsche Bank‘s commitment to expanding our product offerings and increasing the variety of investments that we provide to the U.S. market,” said Martin Kremenstein, Chief Investment Officer of Deutsche Bank’s db-X business.For more information about Deutsche Bank’s exchange-traded products business in the U.S., please visit: http://www.dbxetf.com. About Deutsche Bank Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates. www.db.com About db-X Deutsche Bank’s db-X Group is among the world's leading providers of exchange-traded products with currently more than 200 products totaling over $67 billion in assets under management in the United States, Europe and Asia. Leveraging Deutsche Bank’s global expertise and resources, db-X provides both retail and institutional investors with professional and innovative investment products across asset classes and markets. Deutsche Bank’s db-X Group has been driving innovation. db-X was the first to bring broad-based commodity exposure via exchange-traded funds to the US marketplace. Now, with the newest set of db-X MSCI Currency-Hedged Funds, db-X continues to offer some of the most innovative, efficient and transparent investment tools. www.dbxetf.com The ETFs are distributed by ALPS Distributors, Inc. (“ALPS”). DBX Strategic Advisors LLC (“DBX”) is the investment advisor to the ETFs. DBX is a subsidiary of Deutsche Bank AG, neither of which is affiliated with ALPS. The Zacks Lifecycle index (the “Index”) that the Fund seeks to track is comprised of a diversified group of domestic equities, international equities and fixed income securities. The allocations gradually shift from aggressive strategies to more conservative strategies as the target date approaches. Although target date funds aim to preserve capital as the target date approaches, there is no guarantee that the fund will achieve this objective. The ETFs are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. One cannot invest directly in an index. Carefully consider the ETFs’ investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the ETFs’ prospectuses, which may be obtained by calling 1-855-DBX-ETFS (1-855-329-3837), or by viewing or downloading a prospectus at www.dbxetf.com . Read the prospectus carefully before investing. Shares of the ETFs may be bought or sold throughout the day on the exchange through any brokerage account, which will result in the typical brokerage commissions. Shares are not individually redeemable from the ETFs and may only be purchased and redeemed directly from the ETFs by Authorized Participants, in very large creation/redemption units.
Zacks and Zacks Lifecycle index are servicemarks of Zacks Investment Research, Inc. (“Zacks”) and have been licensed for use by db-X. The Funds are not sponsored, endorsed, issued, sold or promoted by Zacks. Zacks does not make any representation regarding the advisability of investing in the Funds. db-X® is a registered trademark of Deutsche Bank AG. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.