There was a change to the Xtrackers Global Dynamic FX Hedged Model (TR). The model sold the Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and bought the Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). DBEZ had been a holding in the model since September 2021 and gained 67.10% over that period compared to its benchmark’s, the iShares MSCE EAFE ETF (EFA), return of 47.89%. The trade into EMCR shifts the holdings from 100% developed markets to an 80/20 split between developed and emerging markets. While the currency hedged equity space has fallen out of favor a bit as the US Dollar has been in a steady downtrend for nearly a year, the trade out of DBEZ leaves the portfolio with only one currency hedged fund left, the Xtrackers MSCI Japan Hedged Equity ETF (DBJP). Therefore, the model is in a good position to take advantage of a falling dollar environment moving forward.

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.