There are two changes this week.

1. Xtrackers Global Dynamic FX Hedged Model DWSGLOBAL.TR: Sell CN, Buy EMSG
2. Xtrackers Global ex-US Dynamic FX Hedged Model DWSALLWORLDEXUS.TR: Sell CN, Buy DBEZ

DWSGLOBAL.TR

The Xtrackers MSCI All China Equity ETF TR CN.TR fell sufficiently out of favor in the Xtrackers Global Dynamic FX Hedged Model DWSGLOBAL matrix. As a result, it was removed and, in its place, the Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF TR EMSG.TR was added as it was the highest-ranked fund not currently held in the model. The model holdings are shown in the image below and have each been rebalanced to equal weight at 20% each.

DWSALLWORLDEXUS.TR

The Xtrackers MSCI All China Equity ETF TR CN.TR fell sufficiently out of favor in the Xtrackers Global ex-US Dynamic FX Hedged Model DWSALLWORLDEXUS.TR matrix. As a result, it was removed and, in its place, the Xtrackers MSCI Eurozone Hedged Equity ETF Total Return DBEZ.TR was added as it was the highest-ranked fund not currently held in the model. The model holdings are shown in the image below and have each been rebalanced to equal-weight at 25% each.

The DWA Monthly Currency Hedge Ratings are designed to provide you with an objective confidence rating for the major currency pairs. The ratings are based upon 3-12 month price momentum inputs, using monthly cross-rate data, and ratings range from 0-4. For currencies weakening and experiencing negative momentum relative to the US Dollar, the hedge rating will be high. For currencies strengthening and experiencing positive momentum relative to the US Dollar, the hedge rating will be low. The hedge percentage (Hedge %) can range from 0 - 100%. For currencies with a high hedge rating, a larger currency hedge exposure is indicated. The Hedge % uses a sliding scale in increments of 25%. For example, a currency with a Hedge Rating of 3 has a suggested Hedge % of 75%.

The table below is a review of important technical data on a select group of DWS Xtrackers ETFs. Significant changes within the past week are highlighted in Green if positive or Red if negative. This portfolio is designed to be used as a "radar" screen to bring your attention to potentially important technical changes that may require your attention and potential action. When evaluating the Fund Score, the strongest issues have scores of 4 or higher while those ETFs with scores below a 3 are no longer considered solid citizens.

The ETFs with the most relative strength buy signals (suggesting outperformance) versus the others in the group are listed at the top. These ETFs should be overweighted in the portfolio. Those ETFs with the least amount of relative strength buy signals versus the others in the group are listed at the bottom. These ETFs should be underweighted in the portfolio.

* - Dates prior to 9/6/2016, which is when the Xtrackers Global Model Portfolio became available in the DWS Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 9/6/2016, which is when the Xtrackers All World Ex US Model Portfolio became available in the DWS Weekly ETF Report, are representative of when the position was added to the backtested model.

* - Dates prior to 9/6/2016, which is when the Xtrackers Developed Intl Equity Model Portfolio became available in the DWS Weekly ETF Report, are representative of when the position was added to the backtested model.