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The fund is an index tracking fund (also known as a passively managed fund). The management objective of the fund is to replicate, as closely as possible, the performance of the 100% DAX NET RETURN Index, whether the Index rises or falls. The target for maximum tracking error between changes in the funds NAV and that of the Index is 2%. The equities in the DAX Index are leading securities traded in the German markets. These are the 40 largest market caps on the Frankfurt Stock Exchange.
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