Volatility NASDAQ - 100

Index Description

The DWS Nasdaq-100 Volatility Target Index (the “Index”) (Nasdaq: VOLNDX) is designed to provide exposure to the Nasdaq-100 Index (the “Nasdaq-100” or the “Underlying Index”) in a risk controlled manner. The Nasdaq-100 includes 100 of the largest non-financial securities listed on the Nasdaq Stock Market based on market capitalization. The Index integrates a volatility controlled mechanism to provide exposure while limiting risk.

The Index applies a dynamic exposure methodology to control the level of risk of the Nasdaq-100. The Index establishes a specific volatility target and adjusts exposure among a notional allocation to the Nasdaq-100 (“Nasdaq-100 Component”) and a cash investment (the “Cash Component”) based upon realized historical volatility of the Nasdaq-100. As volatility increases, exposure to the Nasdaq-100 Component will decrease and exposure to the Cash Component will increase. As volatility decreases, exposure to the Nasdaq-100 Component will increase and exposure to the Cash Component will decrease.