Deka MDAX UCITS ETF (ELF1)

Deka MDAX UCITS ETF is an exchange-traded fund managed by Deka Investment GmbH, launched on April 11, 2014, and domiciled in Germany. It seeks to replicate the performance of the MDAX Index, a benchmark tracking 50 mid-cap German companies listed on the Prime Standard segment of the Frankfurt Stock Exchange, excluding those in the larger DAX 30. The ETF invests in stocks of mid-sized firms across diversified sectors such as industrials, communication services, technology, consumer cyclical, real estate, financial services, and basic materials, with top holdings including GEA Group, Scout24 SE, Nemetschek SE, and Deutsche Lufthansa AG representing around 41-43% of assets. As an accumulating UCITS-compliant fund in EUR, it reinvests dividends rather than distributing them, maintaining a low total expense ratio of 0.30% p.a. and full replication strategy for precise index tracking. With assets under management around 411-964 million EUR and a beta near 1.0, Deka MDAX UCITS ETF provides investors targeted exposure to Germany's vibrant mid-cap equity market, complementing broader indices like the DAX in diversified European portfolios.