Deka DAX UCITS ETF (EL4A)

Deka DAX UCITS ETF is an exchange-traded fund managed by Deka Investment GmbH that tracks the DAX Index, comprising the 40 largest and most liquid German blue-chip companies listed on the Frankfurt Stock Exchange's Prime Standard segment. Launched on March 14, 2008, and domiciled in Germany, it employs a full physical replication strategy to mirror the index's performance by holding constituent stocks in proportion to their weightings, focusing on large-cap equities across diversified sectors like technology, industrials, financial services, and consumer goods. Key holdings include SAP SE, Siemens Aktiengesellschaft, and Allianz SE, representing over 60% of assets. As an accumulating ETF, it reinvests dividends rather than distributing them, enhancing long-term compounding. With a low total expense ratio of 0.15% and assets under management around €1.7 billion, it offers investors efficient exposure to Germany's leading public equity market, a cornerstone of Europe's developed economy. The fund's beta of approximately 0.96 reflects close alignment with the benchmark, underscoring its role in providing targeted access to this influential index.