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R.C.S. Luxembourg B-104.413
Audited Annual Report
as at 31 January 2014
No subscription can be accepted on the basis of the financial reports. Subscriptions are only valid if they are made on the basis of
the latest published prospectus accompanied by the latest annual report and the most recent semi-annual report, if published
thereafter.
DB Platinum ®, DB Platinum is a registered trademark of Deutsche Bank AG
DB Platinum
* No Statement of Investments for DB Platinum CROCI World, DB Platinum Commodity Harvest, DB Platinum Currency Returns Plus, DB Platinum Bonus, DB Platinum CROCI Sectors Fund, DB Platinum CROCI Asia Pacific Fund, DB Platinum dbX-THF Equity Hedge Index Fund, DB Platinum dbX-THF Event Driven Index Fund, DB Platinum dbX-THF Systematic Macro Index Fund, DB Platinum dbX-THF Credit and Convertible Index Fund and DB Platinum Precious Metals as at 31 January 2014, due to their structure.
Table of contents Page Management and Administration 3Directors’ Report 5Independent Auditor’s Report 19Statement of Net Assets 21Key Figures as at 31 January 2014 27Statement of Operations and Changes in Net Assets 55Statistics 62Statement of Investments *
DB Platinum Commodity Euro 116DB Platinum European Inflation 2015 118DB Platinum Dynamic Aktien Plus 119DB Platinum Branchen Stars 120DB Platinum CROCI Germany 122DB Platinum Omega 123DB Platinum Commodity USD 129DB Platinum EMLINTM Sovereign Bond Fund 131DB Platinum Agriculture Euro 132DB Platinum PWM CROCI Multi Fund 134DB Platinum CROCI Global Dividends 136DB Platinum TT International 139DB Platinum CROCI US Dividends 145DB Platinum Loomis Sayles 147
Notes to the Financial Statements 153Information to Shareholders - unaudited 184
DB Platinum Management and Administration
3
Registered Office DB Platinum 69, route d'Esch L-1470 Luxembourg Grand-Duchy of Luxembourg (until 28 February 2014) 11-13, boulevard de la Foire L-1528 Luxembourg Grand-Duchy of Luxembourg (since 1 March 2014) Board of Directors - Werner Burg (chairman of the Board of Directors), director, Deutsche Bank Luxembourg S.A. 2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand-Duchy of Luxembourg - Klaus-Michael Vogel, member of the Management Board, Deutsche Bank Luxembourg S.A. 2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand-Duchy of Luxembourg - Freddy Brausch, partner, Linklaters LLP 35, avenue John F. Kennedy, L-1855 Luxembourg, Grand-Duchy of Luxembourg - Alexander McKenna, Head of Systematic Funds, Deutsche Bank AG, London Branch Winchester House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom (since 16 April 2013) Custodian RBC Investor Services Bank S.A. 14, Porte de France L-4360 Esch-sur-Alzette Grand-Duchy of Luxembourg Administrative Agent, Paying Agent, Domiciliary Agent and Listing Agent RBC Investor Services Bank S.A. 14, Porte de France L-4360 Esch-sur-Alzette Grand-Duchy of Luxembourg Registrar and Transfer Agent RBC Investor Services Bank S.A. 14, Porte de France L-4360 Esch-sur-Alzette Grand-Duchy of Luxembourg Management Company DB Platinum Advisors 2, boulevard Konrad Adenauer L-1115 Luxembourg Grand-Duchy of Luxembourg Distributor Deutsche Bank AG, acting through its London branch Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom
DB Platinum Management and Administration (continued)
4
estment Managers 1 Investment Managers 1
State Street Global Advisors Limited 20 Churchill Place, Canary Wharf London E14 5HJ United Kingdom Until 11 July 2013 Toscafund Asset Management LLP 7th Floor 90 Long Acre London WC2E 9RA United Kingdom Omega Advisors Inc. 88 Pine Street Wall Street Plaza 31st Floor New York, NY 10005 USA TT International Moor House, Level 13 120 London Wall London EC2Y 5ET United Kingdom Loomis, Sayles & Company, L.P. (since 1 July 2013) One Financial Center Boston, MA 02111 United States of America Independent Auditor of the Company Ernst & Young S.A. 7, rue Gabriel Lippmann Parc d’Activité Syrdall 2 L-5365 Munsbach Grand-Duchy of Luxembourg Legal Adviser of the Company Linklaters LLP 35, avenue John F. Kennedy L-1855 Luxembourg Grand-Duchy of Luxembourg Capitalised terms used herein shall have the same meaning as in the current Prospectus. Investment Managers 2
1 In relation to certain Sub-Funds only, as further detailed in this report.
DB Platinum Directors’ Report
5
The number of sub-funds (“Sub-Funds” and individually a “Sub-Fund”) in DB Platinum has decreased during the course of the fiscal year 2013-2014. One new Sub-Fund called DB Platinum Loomis Sayles was launched offering exposure to fixed income markets. In turn 8 Sub-Funds called DB Platinum Commodity Mean Reversion, DB Platinum Europa Gewinnstufen III, DB Platinum AIMhedge Index, DB Platinum Tosca Mid Cap Equity Fund, DB Platinum FX Concepts Global Currency Fund, DB Platinum Germany Covered Bond Fund, DB Platinum Express and DB Platinum dbX-Macro Trading Index Fund have been liquidated/matured. DB Platinum Commodity Euro The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank Commodity Euro Index™ which is intended to reflect the performance of twelve commodities from four broad commodity sectors, i.e. energy, precious metals, base metals and agriculture. The twelve index commodities are represented by futures contracts employing Deutsche Bank’s proprietary optimum yield methodology to select a new futures contract for all commodities except natural gas. Date 31 January 2014 DB Platinum Commodity Euro Sub-Fund’s Net Assets EUR 196,676,402 Share Class R1C R1C-A R2C-ANumber of Shares 1,533,815.87 31,720.36 10,153.13NAV per Share EUR 121.26 EUR 102.89 EUR 51.15 Date 31 January 2014 DB Platinum Commodity Euro Sub-Fund’s Net Assets EUR 196,676,402 Share Class I1C I2C Number of Shares 486.50 10,524.81 NAV per Share EUR 12,657.19 EUR 70.22 DB Platinum European Inflation 2015 DB Platinum European Inflation 2015 is structured to offer investors a regular pay-out linked to the performance of the HICP EUR Index, reflecting the weighted average of the harmonised indices of consumer prices (“HICP”) excluding tobacco for the sixteen countries of the Euro-Zone reported on a monthly basis.
Date 31 January 2014DB Platinum European Inflation 2015 Sub-Fund’s Net Assets EUR 12,223,740Share Class R1DNumber of Shares 117,999.00NAV per Share EUR 103.59
DB Platinum Directors’ Report (continued)
6
DB Platinum Dynamic Aktien Plus DB Platinum Dynamic Aktien Plus is structured to offer investors a return linked to the performance of the DB Dynamic Aktien Plus Index, which is composed of the Deutsche Bank Euro Value Index (after cost) (the “Equity Index”) and of the Deutsche Bank Liquid Commodity Euro Index - Mean Reversion (after cost) (the “Commodity Index”). The Equity Index is intended to reflect the total return performance of twenty shares with a high dividend yield contained in the EURO STOXX Large IndexSM. The Commodity Index is intended to reflect the performance of six commodities (crude oil, heating oil, aluminium, gold, wheat and corn) which at or about the Launch Date represent some of the most liquid commodities. Date 31 January 2014 DB Platinum Dynamic Aktien Plus Sub-Fund’s Net Assets EUR 5,050,124 Share Class R1C R1C-A R1DNumber of Shares 26,077.02 378.33 12,879.15NAV per Share EUR 134.96 EUR 108.51 EUR 110.20 Date 31 January 2014DB Platinum Dynamic Aktien Plus Sub-Fund’s Net Assets EUR 5,050,124Share Class I1CNumber of Shares 5.00NAV per Share EUR 14,070.67 DB Platinum Branchen Stars DB Platinum Branchen Stars is structured to offer investors a return linked to the performance of the Deutsche Bank CROCI Sectors Index™, which is intended to reflect the total return performance of thirty shares selected from three global economic sectors reflected in a pool of international shares. The pool covers the following sectors: Consumer Discretionary, Consumer Staples, Health Care, Information Technology, Industrials, Materials, Telecom Services, Utilities and Energy. Every month three sectors and ten shares from each of these sectors are selected on the basis of the lowest median CROCI Economic Price Earnings Ratio. Date 31 January 2014 DB Platinum Branchen Stars Sub-Fund’s Net Assets EUR 73,971,301 Share Class R1C R1C-A R1C-BNumber of Shares 124,457.34 635.65 787,588.37NAV per Share EUR 175.88 EUR 197.49 EUR 14.67 Date 31 January 2014 DB Platinum Branchen Stars Sub-Fund’s Net Assets EUR 73,971,301 Share Class R1D I1C Number of Shares 182,389.00 83.00 NAV per Share EUR 136.06 EUR 187,750.10
DB Platinum Directors’ Report (continued)
7
DB Platinum CROCI Germany DB Platinum CROCI Germany aims to track the Deutsche Bank CROCI Germany Index™ which is intended to reflect the total return performance of fifteen German shares selected by the Index Sponsor from a pool of German shares. From these shares a group of eligible shares, based on those shares that have a CROCI Economic Price Earnings Ratio per share that is higher than or equal to zero will be identified. From these eligible shares the fifteen shares with the lowest positive CROCI Economic Price Earnings Ratio per Share will be selected as Index Constituents. Date 31 January 2014 DB Platinum CROCI Germany Sub-Fund’s Net Assets EUR 21,720,662 Share Class R1C R1D R2CNumber of Shares 15,989.34 4,995.00 3,407.17NAV per Share EUR 188.76 EUR 143.48 EUR 149.66 Date 31 January 2014DB Platinum CROCI Germany Sub-Fund’s Net Assets EUR 21,720,662Share Class I1CNumber of Shares 86,251.78NAV per Share EUR 202.62 DB Platinum Omega The Investment Objective of the Sub-Fund is to achieve capital growth through investments in securities and other instruments. Omega Advisors Inc. will seek to achieve this by implementing a discretionary long/short investment strategy with a long bias. Although the Sub-Fund's principal investment focus is U.S. equities, the Sub-Fund will hold a diversified portfolio of securities including, from time to time, non-U.S. equities and bonds, currencies and securities and investment funds linked to commodities. The Sub-Fund may also hold cash. Date 31 January 2014 DB Platinum Omega Sub-Fund’s Net Assets USD 152,464,525 Share Class R1C-E R1C-U I1C-ENumber of Shares 829.85 3,056.94 233,810.53NAV per Share EUR 11,079.43 USD 11,165.39 EUR 118.81
Date 31 January 2014 DB Platinum Omega Sub-Fund’s Net Assets USD 152,464,525 Share Class I1C-G I1C-U I2C-ENumber of Shares 1,980.00 245,704.18 132,939.22NAV per Share GBP 105.14 USD 122.32 EUR 140.53
Date 31 January 2014DB Platinum Omega Sub-Fund’s Net Assets USD 152,464,525Share Class I2C-UNumber of Shares 90,386.88NAV per Share USD 142.52
DB Platinum Directors’ Report (continued)
8
DB Platinum Commodity USD DB Platinum Commodity USD offers investors a return linked to the performance of the Deutsche Bank Commodity USD Index™ which is intended to reflect the performance of twelve commodities from four broad commodity sectors, i.e. energy, precious metals, base metals and agriculture. The twelve index commodities are represented by futures contracts employing Deutsche Bank’s proprietary optimum yield methodology to select a new futures contract for all commodities except natural gas.
Date 31 January 2014 DB Platinum Commodity USD Sub-Fund’s Net Assets USD 83,089,170 Share Class R1C R1C-B R1C-C Number of Shares 289,687.94 1,397,496.99 1,206,527.44NAV per Share USD 137.61 USD 5.68 SGD 4.88
Date 31 January 2014 DB Platinum Commodity USD Sub-Fund’s Net Assets USD 83,089,170 Share Class I3C I4C Number of Shares 9,500.00 400,232.47 NAV per Share CHF 74.92 USD 7.56 DB Platinum EMLINTM Sovereign Bond Fund The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank Emerging Market Local USD Unhedged Index. The index is intended to reflect the total return performance of certain emerging market sovereign and quasi-sovereign debt instruments which comply with the index bond eligibility criteria. Date 31 January 2014 DB Platinum EMLINTM Sovereign Bond Fund Sub-Fund’s Net Assets USD 8,473,919 Share Class R1C-B I1C Number of Shares 22,415.46 752.18 NAV per Share USD 10.42 USD 10,955.27
Date 31 January 2014DB Platinum Commodity USD Sub-Fund’s Net Assets USD 83,089,170 Share Class R1C-S I1C I2CNumber of Shares 119,552.20 1,133.30 15,086.19NAV per Share CHF 67.35 USD 14,363.75 GBP 68.64
DB Platinum Directors’ Report (continued)
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DB Platinum Agriculture Euro The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the db Agriculture II EUR Index™. Prior to 11 June 2013, the Investment Objective of the Sub-Fund was to provide the Shareholders with a return linked to the performance of the db Agriculture Euro Index™. The index is intended to capture the performance of certain commodities in the Agriculture sector via a notional investment in future contracts. The index is based on seven “Optimum Yield” strategies, each of which reflects the performance of a different one of the following futures markets: Corn, Wheat, Soybean, Sugar, Cotton, Coffee and Cocoa. Date 31 January 2014 DB Platinum Agriculture Euro Sub-Fund’s Net Assets EUR 44,337,511 Share Class R1C R1C-A R1C-BNumber of Shares 556,804.87 21,363.00 121,490.18NAV per Share EUR 55.99 EUR 58.53 EUR 5.60 Date 31 January 2014 DB Platinum Agriculture Euro Sub-Fund’s Net Assets EUR 44,337,511 Share Class R1D I1C I2CNumber of Shares 149,341.15 483.71 702.00NAV per Share EUR 55.99 EUR 5,801.48 EUR 87.26 DB Platinum CROCI World The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank CROCI World USD Total Return Index for the Share Classes R1C-U and I1C-U and the Deutsche Bank CROCI World EUR Total Return Index for the Share Classes R1C-E and I1C-E. Both indices are intended to reflect the performance of shares traded or listed on certain global regulated markets in Europe, Japan, Asia/Pacific, Africa/Middle East and North America. Date 31 January 2014 DB Platinum CROCI World Sub-Fund’s Net Assets EUR 244,508,351 Share Class R1C-E R1C-U I1C-ENumber of Shares 105,811.20 93,440.78 11,165.30NAV per Share EUR 126.92 USD 123.03 EUR 14,480.35 Date 31 January 2014 DB Platinum CROCI World Sub-Fund’s Net Assets EUR 244,508,351Share Class I1C-UNumber of Shares 6,522.90NAV per Share USD 12,584.56
DB Platinum Directors’ Report (continued)
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DB Platinum Commodity Harvest The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Underlying Asset for each Share Class. The index of each Share Class will be selected from a pre-determined index universe composed of the db Commodity Harvest Euro Index and the db Commodity Harvest USD Index, db Commodity Harvest-3.5 Euro Index and db Commodity Harvest-3.5 USD Index, db Commodity Harvest-10 Euro Index and db Commodity Harvest-10 USD Index. The index universe aims to provide market neutral exposure to various commodities forming constituents of (a) the Deutsche Bank Commodity Booster Light Energy Benchmark Index and (b) the S&P GSCITM Light Energy Index. The volatility target will vary depending on the Share Class. Date 31 January 2014 DB Platinum Commodity Harvest Sub-Fund’s Net Assets EUR 9,266,196 Share Class R1C-E R1C-U I3C-ENumber of Shares 11,118.00 14,329.00 705.84NAV per Share EUR 89.90 USD 90.14 EUR 8,803.02 Date 31 January 2014 DB Platinum Commodity Harvest Sub-Fund’s Net Assets EUR 9,266,196 Share Class R3C-E R3C-U Number of Shares 2,008.65 17,654.00 NAV per Share EUR 75.40 USD 72.09 DB Platinum Currency Returns Plus The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Underlying Asset for each Share Class. The Underlying Asset of each Share Class will be selected from a pre-determined index universe composed of the Deutsche Bank Currency Returns + (EUR-Funded) Index, the DBCRX (EUR-Funded) Index and any other index added to the index universe in accordance with the fulfilment of certain eligibility criteria. The index universe aims to capture the bulk of returns in the currency markets. Investors should note that, with effect from 15 July 2013, the investment policy of the Sub-Fund was changed as follows: the OTC Swap Transactions are linked to a notional portfolio of FX forward transactions which at all times match in composition and weighting the constituents of the relevant Underlying Asset, instead of index OTC Swap Transactions in relation to the relevant Underlying Asset. Date 31 January 2014 DB Platinum Currency Returns Plus Sub-Fund’s Net Assets EUR 17,886,292 Share Class R1C I1C I3CNumber of Shares 579.00 20,257.01 161,339.10NAV per Share EUR 933.19 EUR 97.54 EUR 95.27
DB Platinum Directors’ Report (continued)
11
DB Platinum PWM CROCI Multi Fund The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank PWM CROCI Multi Index™. The index is intended to reflect the total return performance of a minimum of three sub-indices selected by Deutsche Bank Private Asset Management from a selection pool comprising of (a) Deutsche Bank proprietary indices based on the CROCI methodology and (b) an index based on the average rate of overnight deposits for Euros. The objective of the index is to reflect the performance of certain CROCI Indices and, if selected, the EONIA Index. Date 31 January 2014DB Platinum PWM CROCI Multi Fund Sub-Fund’s Net Assets EUR 124,412,633Share Class R1CNumber of Shares 904,497.00NAV per Share EUR 137.55 DB Platinum Bonus DB Platinum Bonus is structured to provide the Shareholders of each Share Class upon the Maturity Date of such Share Class with a range of ‘bonus’ payout which is linked to the performance of different indices taken from an index universe. Each Share Class offers a variable final payout according to certain parameters, namely the Underlying Index, Maturity Date, Bonus Amount, Barrier Level and initial Reference Level, among others. Date 31 January 2014 DB Platinum Bonus Sub-Fund’s Net Assets EUR 22,189,132 Share Class R1C11 R1C12 Number of Shares 131,656.76 26,869.00 NAV per Share EUR 141.79 EUR 131.05 DB Platinum CROCI Sectors Fund
The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Underlying Asset for each Share Class. The index of each Share Class will be selected from a pre-determined index universe composed of the CROCI Sectors Index, the CROCI Sectors II Index and the CROCI Sectors III Index. The CROCI Sectors indices are intended to reflect the total return performance of thirty shares selected from a pool of shares covering the following sectors: Consumer Discretionary, Consumer Staples, Health Care, Information Technology, Industrial, Materials, Telecom Services, Utilities and Energy. Each month ten shares having the lowest positive CROCI Economic Price Earnings Ratio are selected from the three sectors with the lowest median CROCI Economic Price Earnings Ratio.
Date 31 January 2014DB Platinum CROCI Sectors Fund Sub-Fund’s Net Assets EUR 346,526,305Share Class I1D-A I2C I3C Number of Shares 10,000.00 884,895.54 655,439.38 NAV per Share AUD 97.89 EUR 239.08 EUR 107.14 Date 31 January 2014 DB Platinum CROCI Sectors Fund Sub-Fund’s Net Assets EUR 346,526,305 Share Class R3C R0C-E R3C-NNumber of Shares 428,861.07 68,868.94 325,436.80NAV per Share EUR 124.42 EUR 99.56 NOK 101.35
DB Platinum Directors’ Report (continued)
12
DB Platinum CROCI Asia Pacific Fund The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank CROCI Asia Pacific Index, which reflects the total return performance of the thirty shares from a selection pool having the lowest positive CROCI Economic Price Earnings Ratio. The selection pool consists of the 150 shares with the highest Free Float Market Capitalisation contained in the Morgan Stanley Capital International All Countries Asia Pacific Ex Japan Index. Date 31 January 2014 DB Platinum CROCI Asia Pacific Fund Sub-Fund’s Net Assets USD 573,830 Share Class R1C-B R2C I1C Number of Shares 810.00 5,111.82 0.01 NAV per Share USD 108.82 USD 94.98 USD 18,210.00
DB Platinum dbX-THF Equity Hedge Index Fund The Investment Objective of the Sub-Fund is to provide the Shareholders of each Share Class with a return linked to the performance of dbX-THF Equity Hedge Index. The index is published by Deutsche Bank AG, London branch acting as the index sponsor and is intended to reflect the total return performance of an investment in a portfolio of hedge funds operating equity hedge strategies. Date 31 January 2014 DB Platinum dbX-THF Equity Hedge Index Fund Sub-Fund’s Net Assets USD 10,974,464 Share Class I1C I2C Number of Shares 37,886.00 45,270.87 NAV per Share USD 111.22 EUR 110.75 DB Platinum dbX-THF Event Driven Index Fund The Investment Objective of the Sub-Fund is to provide the Shareholders of each Share Class with a return linked to the performance of the dbX-THF Event Driven Index. The index is published by Deutsche Bank AG, London branch acting as the index sponsor and is intended to reflect the total return performance of an investment in a portfolio of hedge funds operating event driven strategies. Date 31 January 2014 DB Platinum dbX-THF Event Driven Index Fund Sub-Fund’s Net Assets USD 9,036,038 Share Class I1C I2C Number of Shares 35,000.00 35,500.00 NAV per Share USD 109.75 EUR 108.52
DB Platinum Directors’ Report (continued)
13
DB Platinum dbX-THF Systematic Macro Index Fund The Investment Objective of the Sub-Fund is to provide the Shareholders of each Share Class with a return linked to the performance of the dbX-THF Systematic Macro Index. The index is published by Deutsche Bank AG, London branch acting as the index sponsor and is intended to reflect the total return performance of an investment in a portfolio of hedge funds operating systematic macro strategies. Date 31 January 2014 DB Platinum dbX-THF Systematic Macro Index Fund
Sub-Fund’s Net Assets USD 10,009,370 Share Class I1C I2C Number of Shares 50,134.21 50,000.00 NAV per Share USD 85.03 EUR 85.23 DB Platinum dbX-THF Credit and Convertible Index Fund The Investment Objective of the Sub-Fund is to provide the Shareholders of each Share Class with a return linked to the performance of the dbX-THF Credit and Convertible Index. The index is published by Deutsche Bank AG, London branch acting as the index sponsor and is intended to reflect the total return performance of an investment in a portfolio of hedge funds operating credit and convertible strategies. Date 31 January 2014 DB Platinum dbX-THF Credit and Convertible Index Fund
Sub-Fund’s Net Assets USD 9,480,001 Share Class I1C I2C Number of Shares 35,533.57 35,091.00 NAV per Share USD 114.40 EUR 114.44 DB Platinum Precious Metals The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank Precious Metals Spot USD IndexTM. The index is intended to reflect the performance of spot prices in USD of a weighted basket of five precious metals, namely gold, silver, platinum, palladium and rhodium. Date 31 January 2014DB Platinum Precious Metals Sub-Fund’s Net Assets USD 144,194,266Share Class R1C-A R1C-E R1C-UNumber of Shares 578.67 966,162.02 21,975.04NAV per Share EUR 77.60 EUR 66.32 USD 69.25 Date 31 January 2014 DB Platinum Precious Metals Sub-Fund’s Net Assets USD 144,194,266 Share Class I1C-E I1C-U Number of Shares 538,307.75 102,246.86 NAV per Share EUR 67.51 USD 70.47
DB Platinum Directors’ Report (continued)
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DB Platinum CROCI Global Dividends The Investment Objective of the Sub-Fund is to provide the Shareholders with a return linked to the performance of the Deutsche Bank CROCI Global Dividends - USD - Total Return Index. The index is intended to reflect the performance of certain shares in the MSCI World Index. The shares comprising the Index are selected in a process that involves the application of (1) certain filters and constraints and (2) proprietary CROCI research methodology applied to certain economic criteria. This methodology applied aims to identify shares which are under-priced on the basis of their corporate economic data. Specifically, the methodology attempts to identify global shares with above-average dividend yields, while focusing on sustainable dividends and avoiding companies with the lowest cash returns, highest financial leverage and highest price risk (volatility). Date 31 January 2014 DB Platinum CROCI Global Dividends Sub-Fund’s Net Assets USD 447,400,796 Share Class R1C-A R1C-E R1C-G Number of Shares 980.00 166,041.76 3,170.00NAV per Share EUR 115.34 EUR 115.34 GBP 118.04 Date 31 January 2014 DB Platinum CROCI Global Dividends Sub-Fund’s Net Assets USD 447,400,796 Share Class R1C-U R1D-E I1C-ENumber of Shares 263,529.00 407,752.97 909,685.86NAV per Share USD 122.27 EUR 110.35 EUR 111.97 Date 31 January 2014 DB Platinum CROCI Global Dividends Sub-Fund’s Net Assets USD 447,400,796 Share Class I1C-G I1C-U I1D-GNumber of Shares 10,077.00 1,446,598.08 54,411.39NAV per Share GBP 117.92 USD 122.89 GBP 118.51 Date 31 January 2014 DB Platinum CROCI Global Dividends Sub-Fund’s Net Assets USD 447,400,796 Share Class R0C-G R0C-E Number of Shares 500.00 1,097.00 NAV per Share GBP 97.89 EUR 100.19 DB Platinum TT International The Investment Objective of the Sub-Fund is to provide capital appreciation. To achieve its Investment Objective, TT International (the “Investment Manager”) will combine a portfolio of equities, which are expected to be predominantly European, with a global macro portfolio of fixed income securities and foreign exchange positions. The combination of the two portfolios will vary, from time to time, in accordance with the Investment Manager's view of market conditions. The Investment Manager may also make other investments including commodity indices, UCITS eligible securities linked to commodities and cash deposits. Date 31 January 2014 DB Platinum TT International Sub-Fund’s Net Assets USD 27,482,594 Share Class I2C-E I2C-G I2C-UNumber of Shares 2,300.00 27,625.27 199,890.12NAV per Share EUR 109.80 GBP 110.60 USD 110.66
DB Platinum Directors’ Report (continued)
15
DB Platinum CROCI US Dividends The Investment Objective of the Sub-Fund is to provide Shareholders with a return linked to the performance of the Deutsche Bank CROCI US Dividends - Net Return Index. The Index is a rules-based strategy investing in US shares and is intended to reflect the performance of certain shares in the S&P 500® Index. The shares comprising the Index are selected in a process that involves the application of (1) certain filters and constraints and (2) proprietary CROCI research methodology applied to certain economic criteria. This methodology applied aims to identify shares which are under-priced on the basis of their corporate economic data. Specifically, the methodology attempts to identify US shares with above-average dividend yields, but focusing on sustainable dividends by avoiding companies with the lowest cash returns, highest financial leverage and highest price risk (volatility). Date 31 January 2014 DB Platinum CROCI US Dividends Sub-Fund’s Net Assets USD 54,734,942 Share Class R1C-U R1D-U I1C-UNumber of Shares 107,884.50 223,745.00 66,554.38NAV per Share USD 127.75 USD 127.15 USD 128.63 Date 31 January 2014DB Platinum CROCI US Dividends Sub-Fund’s Net Assets USD 54,734,942Share Class I1D-UNumber of Shares 30,800.00NAV per Share USD 128.03 DB Platinum Loomis Sayles The Investment Objective of the Sub-Fund is to provide a return in excess of the three-month London Interbank Offered Rate in U.S. dollars with a risk volatility goal of 4%-8% over market cycles. To achieve its Investment Objective, Loomis, Sayles & Company L.P., the Sub-Fund´s investment manager, will seek to identify long and short credit-driven investments in financial instruments of issuers (i.e. countries, companies, etc.) located throughout the world. The Sub-Fund´s strategy aims to generate value using a number of trading strategies including certain credit strategies. It employs both long and short positions using fixed income securities, derivatives and other instruments, it being understood that short positions will be achieved through derivatives only. DB Platinum Loomis Sayles was launched on 1 July 2013. Date 31 January 2014 DB Platinum Loomis Sayles Sub-Fund’s Net Assets USD 108,938,379 Share Class R1C-E R1C-G R1C-UNumber of Shares 419.47 34.00 1,214.25NAV per Share EUR 10,148.59 GBP 10,176.37 USD 10,175.99 Date 31 January 2014 DB Platinum Loomis Sayles Sub-Fund’s Net Assets USD 108,938,379 Share Class I1C-E I1C-G I1C-UNumber of Shares 185,856.27 1,000.00 44,825.95NAV per Share EUR 100.92 GBP 101.01 USD 100.98
DB Platinum Directors’ Report (continued)
16
DB Platinum Loomis Sayles (continued) Date 31 January 2014 DB Platinum Loomis Sayles Sub-Fund’s Net Assets USD 108,938,379 Share Class I2C-E I2C-G I2C-UNumber of Shares 271,537.47 4,470.00 219,299.42NAV per Share EUR 101.52 GBP 101.73 USD 101.97 Tracking Difference and Tracking Error The table below contains performances differences and tracking error levels realised over the period (from 1 February 2013 to 31 January 2014) for all Sub-Funds and/or Share Classes which were launched before the beginning of the financial year ending 31 January 2014. As the following Share Classes were launched during the year under review, it is considered inappropriate to include the data in the table below: - DB Platinum CROCI Sectors Fund I3C - DB Platinum CROCI Sectors Fund R3C-N - DB Platinum CROCI Sectors Fund I1D-A - DB Platinum CROCI Sectors Fund R0C-E Fund Name Share
Class Name
Share Class Performance
during the period
Index Performance
during the period
Performance Difference
Realized Tracking
Error of the period
Anticipated Tracking
Error (up to)
I1C (11.24%) (11.74%) 0.50% 0.33% 1.00%I2C (11.24%) (11.74%) 0.50% 0.34% 1.00%R1C (11.67%) (11.74%) 0.07% 0.34% 1.00%R1C-A (12.37%) (11.74%) (0.63%) 0.35% 1.00%
DB Platinum Commodity Euro
R2C-A (12.80%) (11.74%) (1.06%) 0.37% 1.00%I1C 12.29% 12.53% (0.24%) 0.41% 0.50%R1C 11.74% 12.53% (0.79%) 0.42% 0.50%R1C-A 10.86% 12.53% (1.67%) 0.42% 0.50%
DB Platinum Dynamic Aktien Plus
R1D 11.74% 12.53% (0.79%) 0.42% 0.50%I1C 20.69% 21.34% (0.65%) 0.25% 0.50%R1C 19.63% 21.34% (1.71%) 0.27% 0.50%R2C 19.40% 21.34% (1.94%) 0.27% 0.50%
DB Platinum CROCI Germany
R1D 19.73% 21.34% (1.61%) 0.26% 0.50%I1C (8.95%) (11.39%) 2.44% 1.09% 1.50%I2C (8.93%) (11.39%) 2.46% 1.10% 1.50%I3C (9.63%) (11.39%) 1.76% 1.13% 1.50%I4C (8.92%) (11.39%) 2.47% 1.33% 1.50%R1C (9.39%) (11.39%) 2.00% 1.09% 1.50%R1C-B (9.41%) (11.39%) 1.98% 1.64% 1.50%R1C-C (9.63%) (11.39%) 1.76% 2.43% 1.50%
DB Platinum Commodity USD
R1C-S (10.04%) (11.39%) 1.35% 1.12% 1.50%I1C (10.53%) (12.08%) 1.55% 0.94% 1.50%DB Platinum EMLIN™
Sovereign Bond Fund R1C-B (11.24%) (12.08%) 0.84% 1.04% 1.50%I1C (17.91%) (17.27%) (0.64%) 0.04% 1.00%I2C (17.91%) (17.27%) (0.64%) 0.08% 1.00%R1C (18.41%) (17.27%) (1.14%) 0.13% 1.00%R1C-A (19.07%) (17.27%) (1.80%) 0.14% 1.00%R1C-B (18.37%) (17.27%) (1.10%) 1.08% 1.00%
DB Platinum Agriculture Euro
R1D (18.41%) (17.27%) (1.14%) 0.11% 1.00%I1C-E 16.28% 17.21% (0.93%) 0.06% 0.50%R1C-E 15.47% 17.21% (1.74%) 0.11% 0.50%I1C-U 17.02% 17.86% (0.84%) 0.06% 0.50%
DB Platinum CROCI World
R1C-U 16.10% 17.86% (1.76%) 0.13% 0.50%
DB Platinum Directors’ Report (continued)
17
Tracking Difference and Tracking Error (continued) Fund Name Share
Class Name
Share Class Performance
during the period
Index Performance
during the period
Performance Difference
Realized Tracking
Error of the period
Anticipated Tracking
Error (up to)
I3C-E (9.28%) (8.72%) (0.56%) 0.05% 1.00%R1C-E (3.33%) (2.00%) (1.33%) 0.10% 1.00%R1C-U (3.26%) (1.83%) (1.43%) 0.19% 1.00%R3C-E (10.48%) (8.72%) (1.76%) 0.22% 1.00%
DB Platinum Commodity Harvest
R3C-U (10.12%) (8.41%) (1.71%) 0.31% 1.00%I1C (0.58%) (0.34%) (0.24%) 0.26% 0.50%I3C (0.72%) (0.41%) (0.31%) 0.09% 0.50%
DB Platinum Currency Returns Plus
R1C (1.53%) (0.34%) (1.19%) 0.28% 0.50%DB Platinum PWM CROCI Multi Fund R1C 12.19% 14.01% (1.82%) 0.18% 0.50%
I2C 18.15% 19.24% (1.09%) 0.06% 0.50%DB Platinum CROCI Sectors Fund R3C 15.66% 17.46% (1.80%) 0.10% 0.50%
I1C (5.77%) (5.04%) (0.73%) 0.10% 0.50%R1C-B (6.56%) (5.04%) (1.52%) 0.14% 0.50%
DB Platinum CROCI Asia Pacific Fund
R2C (6.57%) (5.04%) (1.53%) 0.15% 0.50%I1C 7.59% 7.85% (0.26%) 0.07% 0.50%DB Platinum
dbX-THF Equity Hedge Index Fund I2C 7.49% 7.85% (0.36%) 0.15% 0.50%
I1C 9.72% 9.95% (0.23%) 0.07% 0.50%DB Platinum dbX-THF Event Driven Index Fund I2C 9.42% 9.95% (0.53%) 0.17% 0.50%
I1C (6.08%) (5.85%) (0.23%) 0.09% 0.50%DB Platinum dbX-THF Systematic Macro Index Fund I2C (6.07%) (5.85%) (0.22%) 0.16% 0.50%
I1C 2.95% 3.22% (0.27%) 0.06% 0.50%DB Platinum dbX-THF Credit and Convertible Index Fund I2C 2.90% 3.22% (0.32%) 0.14% 0.50%
R1C-U (22.07%) (21.21%) (0.86%) 0.32% 0.50%I1C-U (21.56%) (21.21%) (0.35%) 0.33% 0.50%R1C-E (22.57%) (21.21%) (1.36%) 0.32% 0.50%I1C-E (22.02%) (21.21%) (0.81%) 0.32% 0.50%
DB Platinum Precious Metals
R1C-A (22.41%) (21.21%) (1.20%) 0.87% 0.50%I1C-E 14.68% 16.61% (1.93%) 3.13% 1.00%I1C-G 10.40% 12.35% (1.95%) 2.71% 1.00%I1C-U 15.27% 17.26% (1.99%) 0.46% 1.00%R1C-U 14.37% 17.26% (2.89%) 0.46% 1.00%R1C-E 13.77% 16.61% (2.84%) 3.14% 1.00%R1C-G 9.55% 12.35% (2.80%) 2.72% 1.00%R1C-A 13.19% 16.61% (3.42%) 3.13% 1.00%R1D-E 13.77% 16.61% (2.84%) 3.14% 1.00%
DB Platinum CROCI Global Dividends
I1D-G 10.40% 12.35% (1.95%) 2.52% 1.00%R1C-U 20.04% 21.66% (1.62%) 0.09% 1.00%I1C-U 20.70% 21.66% (0.96%) 0.09% 1.00%R1D-U 20.05% 21.66% (1.61%) 0.09% 1.00%
DB Platinum CROCI US Dividends
I1D-U 20.70% 21.66% (0.96%) 0.08% 1.00%
DB Platinum Independent Auditor’s report
19
To the Shareholders of DB Platinum 11-13, boulevard de la Foire L-1528 Luxembourg Grand-Duchy of Luxembourg Following our appointment by the Annual General Meeting of the Shareholders of 16 April 2013, we have audited the accompanying financial statements of DB Platinum and of each of its Sub-Funds, which comprise the Statement of Net Assets and the Statement of Investments as at 31 January 2014 and the Statement of Operations and Changes in Net Assets for the year then ended, and a summary of significant accounting policies and other explanatory notes to the financial statements. Responsibility of the Board of Directors of the SICAV for the financial statements The Board of Directors of the SICAV is responsible for the preparation and fair presentation of these financial statements in accordance with Luxembourg legal and regulatory requirements relating to the preparation and presentation of the financial statements and for such internal control as the Board of Directors of the SICAV determines is necessary to enable the preparation and presentation of financial statements that are free from material misstatement, whether due to fraud or error. Responsibility of the “réviseur d'entreprises agréé” Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing as adopted for Luxembourg by the “Commission de Surveillance du Secteur Financier”. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the judgement of the “réviseur d’entreprises agréé”, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the “réviseur d’entreprises agréé” considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors of the SICAV, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements give a true and fair view of the financial position of DB Platinum and of each of its Sub-Funds as of 31 January 2014, and of the results of their operations and changes in their net assets for the year then ended in accordance with Luxembourg legal and regulatory requirements relating to the preparation and presentation of the financial statements.
DB Platinum
Independent Auditor’s report (continued)
Other matter
Supplementary information included in the annual report has been reviewed in the context of our mandate but hasnot been subject to specific audit procedures carried out in accordance with the standards described above.Consequently, we express no opinion on such information. However, we have no observation to make concerning suchinformation in the context of the financial statements taken as a whole.
Luxembourg, 1 April 2014
Ernst & YoungSociété anonymeCabinet de revision agréé
20
21
The accompanying notes form an integral part of these financial statements.
ASSETS
Investment portfolio at market value 219,201,803Options (long position) at marketvalue 0Cash at bank 1,877,000Amounts receivable on sale ofinvestments 0Amounts receivable on subscriptions 68,728Receivable due from swapcounterparty
(6,7)0
Interest and dividends receivable, net 2,007,202Net unrealised gain on forward foreignexchange contracts
(12)0
Unrealised gain on swaps (6,7) 0Net unrealised gain on CFD (8) 0Other assets 0
TOTAL ASSETS 223,154,733
LIABILITIES
Options (short position) at marketvalue
(14,15)0
Bank overdraft 0Amounts payable on purchase ofinvestments 0Amounts payable on redemptions 1,143,997Payable due to swap counterparty (6,7) 0Interest payable 0Interest payable on CFD 0Net unrealised loss on forward foreignexchange contracts
(12)0
Net unrealised loss on futurescontracts
(13)0
Unrealised loss on swaps (6,7) 25,060,311Net unrealised loss on CFD (8) 0Management fee payable (4) 210,600Performance fee payable (16) 0Taxes and expenses payable 63,423Other liabilities 0
TOTAL LIABILITIES 26,478,331
TOTAL NET ASSETS 196,676,402
EURNote
DB PlatinumCommodity Euro
11,675,074
0144,771
00
0207,325
0204,176
00
12,231,346
00
00000
0
000
4,0090
3,5970
7,606
12,223,740
EUR
DB PlatinumEuropean Inflation
2015
4,801,871
048,360
00
060,322
0165,943
00
5,076,496
00
019,351
000
0
000
5,4340
1,5870
26,372
5,050,124
EUR
DB PlatinumDynamic Aktien
Plus
74,759,319
0172,592
0343,529
026,408
000
4,484
75,306,332
022,290
198,347119,742
000
890,645
000
76,3730
27,6331
1,335,031
73,971,301
EUR
DB PlatinumBranchen Stars
DB Platinum
as at 31 January 2014
Statement of Net Assets
22
The accompanying notes form an integral part of these financial statements.
ASSETS
Investment portfolio at market value 21,631,320Options (long position) at marketvalue 0Cash at bank 882,055Amounts receivable on sale ofinvestments 0Amounts receivable on subscriptions 9,663Receivable due from swapcounterparty
(6,7)0
Interest and dividends receivable, net 0Net unrealised gain on forward foreignexchange contracts
(12)0
Unrealised gain on swaps (6,7) 0Net unrealised gain on CFD (8) 0Other assets 69,049
TOTAL ASSETS 22,592,087
LIABILITIES
Options (short position) at marketvalue
(14,15)0
Bank overdraft 0Amounts payable on purchase ofinvestments 0Amounts payable on redemptions 849,726Payable due to swap counterparty (6,7) 0Interest payable 0Interest payable on CFD 0Net unrealised loss on forward foreignexchange contracts
(12)0
Net unrealised loss on futurescontracts
(13)0
Unrealised loss on swaps (6,7) 0Net unrealised loss on CFD (8) 0Management fee payable (4) 14,595Performance fee payable (16) 0Taxes and expenses payable 7,104Other liabilities 0
TOTAL LIABILITIES 871,425
TOTAL NET ASSETS 21,720,662
EURNote
DB PlatinumCROCI Germany
128,991,596
027,215,271
245,2540
0468,060
0000
156,920,181
1,974,437341,237
580,883000
1,461
1,033,420
144,0720
95,226233,336
051,576
8
4,455,656
152,464,525
USD
DB PlatinumOmega
106,741,218
0648,535
00
01,285,409
0000
108,675,162
03,897
0850,612
000
82,627
024,543,824
079,205
025,690
137
25,585,992
83,089,170
USD
DB PlatinumCommodity USD
9,059,541
0192,590
00
079,497
0000
9,331,628
061
0199,998
000
0
0643,553
08,191
05,906
0
857,709
8,473,919
USD
DB PlatinumEMLINTM Sovereign
Bond Fund
DB Platinum
as at 31 January 2014
Statement of Net Assets (continued)
23
The accompanying notes form an integral part of these financial statements.
43,711,260
0102,998
022,108
728,6530
0575,019
00
45,140,038
00
0524,631212,245
00
0
000
45,9320
19,7190
802,527
44,337,511
EUR
DB PlatinumAgriculture Euro
0
0405,928
01,462,449
182,036,7830
062,296,707
00
246,201,867
00
0304,630
1,157,71000
0
000
138,4130
92,7630
1,693,516
244,508,351
EUR
DB PlatinumCROCI World*
0
019,799
00
10,220,3990
0000
10,240,198
00
00000
0
0963,714
06,252
04,036
0
974,002
9,266,196
EUR
DB PlatinumCommodity
Harvest*
0
018,579
00
18,460,9170
0000
18,479,496
00
012,104
000
0
0571,090
03,222
06,788
0
593,204
17,886,292
EUR
DB PlatinumCurrency Returns
Plus*
123,045,032
0404,024
00
00
01,170,054
00
124,619,110
00
04,102
000
0
000
149,6730
52,7020
206,477
124,412,633
EUR
DB PlatinumPWM CROCI Multi
Fund
0
094,513
0149,361
15,852,6000
06,367,772
011,097
22,475,343
00
0149,361
000
0
000
7,9850
11,827117,038
286,211
22,189,132
EUR
DB PlatinumBonus*
DB Platinum
as at 31 January 2014
Statement of Net Assets (continued)
* No statements of investments as at 31 January 2014 due to its structure.
24
The accompanying notes form an integral part of these financial statements.
ASSETS
Investment portfolio at market value 0Options (long position) at marketvalue 0Cash at bank 407,655Amounts receivable on sale ofinvestments 0Amounts receivable on subscriptions 348,829Receivable due from swapcounterparty
(6,7)202,739,318
Interest and dividends receivable, net 1Net unrealised gain on forward foreignexchange contracts
(12)0
Unrealised gain on swaps (6,7) 143,790,527Net unrealised gain on CFD (8) 0Other assets 0
TOTAL ASSETS 347,286,330
LIABILITIES
Options (short position) at marketvalue
(14,15)0
Bank overdraft 0Amounts payable on purchase ofinvestments 0Amounts payable on redemptions 325,131Payable due to swap counterparty (6,7) 32,746Interest payable 0Interest payable on CFD 0Net unrealised loss on forward foreignexchange contracts
(12)22,084
Net unrealised loss on futurescontracts
(13)0
Unrealised loss on swaps (6,7) 0Net unrealised loss on CFD (8) 0Management fee payable (4) 246,665Performance fee payable (16) 0Taxes and expenses payable 133,399Other liabilities 0
TOTAL LIABILITIES 760,025
TOTAL NET ASSETS 346,526,305
EURNote
DB PlatinumCROCI Sectors
Fund*
0
03,861
00
301,4530
0269,823
00
575,137
00
00000
0
000
8870
4200
1,307
573,830
USD
DB PlatinumCROCI Asia Pacific
Fund*
0
017,085
00
9,858,3450
01,194,571
00
11,070,001
00
00000
90,258
000
1,0390
4,2400
95,537
10,974,464
USD
DB PlatinumdbX-THF Equity
Hedge Index Fund*
0
015,821
00
8,220,3760
0872,058
00
9,108,255
00
00000
67,902
000
8480
3,4670
72,217
9,036,038
USD
DB PlatinumdbX-THF Event
Driven Index Fund*
DB Platinum
as at 31 January 2014
Statement of Net Assets (continued)
* No statements of investments as at 31 January 2014 due to its structure.
25
The accompanying notes form an integral part of these financial statements.
0
022,574
00
11,883,6930
0000
11,906,267
00
00000
77,633
01,814,279
0942
04,043
0
1,896,897
10,009,370
USD
DB PlatinumdbX-THF
Systematic MacroIndex Fund*
0
018,303
00
8,258,2730
01,279,711
00
9,556,287
00
00000
71,749
000
8880
3,6490
76,286
9,480,001
USD
DB PlatinumdbX-THF Credit and
Convertible IndexFund*
0
0416,665
0100,060
203,918,5360
0000
204,435,261
00
0434,025
0410
2,061,553
057,567,168
0119,182
055,8293,197
60,240,995
144,194,266
USD
DB PlatinumPrecious Metals*
445,671,257
04,297,755
01,434,840
0671,251
000
35,004
452,110,107
00
04,228,898
000
34,708
000
298,0560
147,6490
4,709,311
447,400,796
USD
DB PlatinumCROCI Global
Dividends
14,446,755
876,31212,613,368
643,5840
012,349
118,45000
384,534
29,095,352
437,3330
656,206000
4,804
0
31,8800
7,59431,513
1410,485
432,929
1,612,758
27,482,594
USD
DB PlatinumTT International
53,991,541
0216,908
719,903224,686
022,808
0000
55,175,846
00
374,7586,996
000
0
000
39,2110
19,9390
440,904
54,734,942
USD
DB PlatinumCROCI USDividends
DB Platinum
as at 31 January 2014
Statement of Net Assets (continued)
* No statements of investments as at 31 January 2014 due to its structure.
26
The accompanying notes form an integral part of these financial statements.
ASSETS
Investment portfolio at market value 94,829,017Options (long position) at marketvalue 436,606Cash at bank 16,233,570Amounts receivable on sale ofinvestments 3,441,688Amounts receivable on subscriptions 0Receivable due from swapcounterparty
(6,7)0
Interest and dividends receivable, net 950,648Net unrealised gain on forward foreignexchange contracts
(12)0
Unrealised gain on swaps (6,7) 0Net unrealised gain on CFD (8) 34,752Other assets 171,664
TOTAL ASSETS 116,097,945
LIABILITIES
Options (short position) at marketvalue
(14,15)223,463
Bank overdraft 4,273Amounts payable on purchase ofinvestments 4,293,503Amounts payable on redemptions 0Payable due to swap counterparty (6,7) 277,552Interest payable 0Interest payable on CFD 4,680Net unrealised loss on forward foreignexchange contracts
(12)745,883
Net unrealised loss on futurescontracts
(13)284,984
Unrealised loss on swaps (6,7) 753,440Net unrealised loss on CFD (8) 0Management fee payable (4) 151,681Performance fee payable (16) 50,051Taxes and expenses payable 37,816Other liabilities 332,240
TOTAL LIABILITIES 7,159,566
TOTAL NET ASSETS 108,938,379
USDNote
DB PlatinumLoomis Sayles
1,131,945,702
973,65050,491,945
3,745,3583,709,562
609,830,7364,889,429
87,842217,251,916
25,772523,060
2,023,474,972
1,954,268281,453
4,577,7057,695,0711,608,532
308,117
4,076,163
341,82789,869,424
76,2511,624,774
37,128699,493686,961
113,537,197
1,909,937,775
EUR
Combined
DB Platinum
as at 31 January 2014
Statement of Net Assets (continued)
27
Key figures as at 31 January 2014
121.26102.89
-----------------
51.1512,657.19
-----------
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCommodity Euro
EUR
-------------
103.59------------------
DB PlatinumEuropean Inflation
2015
EUR
134.96108.51
-----------
110.20------
14,070.67-----------
DB PlatinumDynamic Aktien
Plus
EUR
175.88197.49
-14.67
---------
136.06------
187,750.10-----------
DB PlatinumBranchen Stars
EUR
DB Platinum
28
Key figures as at 31 January 2014 (continued)
---------
70.22-------------------------
DB PlatinumCommodity Euro
EUR
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
-----------------------------------
DB PlatinumEuropean Inflation
2015
EUR
-----------------------------------
DB PlatinumDynamic Aktien
Plus
EUR
-----------------------------------
DB PlatinumBranchen Stars
EUR
DB Platinum
29
Key figures as at 31 January 2014 (continued)
1,533,815.8731,720.36
-----------------
10,153.13486.50
-----------
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumCommodity Euro
EUR
-------------
117,999.00------------------
DB PlatinumEuropean Inflation
2015
EUR
26,077.02378.33
-----------
12,879.15------
5.00-----------
DB PlatinumDynamic Aktien
Plus
EUR
124,457.34635.65
-787,588.37
---------
182,389.00------
83.00-----------
DB PlatinumBranchen Stars
EUR
DB Platinum
30
Key figures as at 31 January 2014 (continued)
---------
10,524.81-------------------------
DB PlatinumCommodity Euro
EUR
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
-----------------------------------
DB PlatinumEuropean Inflation
2015
EUR
-----------------------------------
DB PlatinumDynamic Aktien
Plus
EUR
-----------------------------------
DB PlatinumBranchen Stars
EUR
DB Platinum
31
Key figures as at 31 January 2014 (continued)
188.76------------
143.48--
149.66---
202.62-----------
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCROCI Germany
EUR
-------
11,079.43---
11,165.39------------
118.81105.14122.32
-----
DB PlatinumOmega
USD
137.61--
5.68-
4.88----
67.35---------
14,363.75-----------
DB PlatinumCommodity USD
USD
---
10.42----------------
10,955.27-----------
DB PlatinumEMLINTM Sovereign
Bond Fund
USD
DB Platinum
32
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumCROCI Germany
EUR
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
-------------
140.53--
142.52------------------
DB PlatinumOmega
USD
-----------
68.64------
74.92-
7.56--------------
DB PlatinumCommodity USD
USD
-----------------------------------
DB PlatinumEMLINTM Sovereign
Bond Fund
USD
DB Platinum
33
Key figures as at 31 January 2014 (continued)
15,989.34------------
4,995.00--
3,407.17---
86,251.78-----------
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumCROCI Germany
EUR
-------
829.85---
3,056.94------------
233,810.531,980.00
245,704.18-----
DB PlatinumOmega
USD
289,687.94--
1,397,496.99-
1,206,527.44----
119,552.20---------
1,133.30-----------
DB PlatinumCommodity USD
USD
---
22,415.46----------------
752.18-----------
DB PlatinumEMLINTM Sovereign
Bond Fund
USD
DB Platinum
34
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumCROCI Germany
EUR
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
-------------
132,939.22--
90,386.88------------------
DB PlatinumOmega
USD
-----------
15,086.19------
9,500.00-
400,232.47--------------
DB PlatinumCommodity USD
USD
-----------------------------------
DB PlatinumEMLINTM Sovereign
Bond Fund
USD
DB Platinum
35
Key figures as at 31 January 2014 (continued)
55.9958.53
-5.60
---------
55.99------
5,801.48-----------
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumAgriculture Euro
EUR
------
126.92-----
123.03----------
14,480.35---
12,584.56----
DB PlatinumCROCI World
EUR
------
89.90-----
90.14-------------------
DB PlatinumCommodity Harvest
EUR
933.19-------------------
97.54-----------
DB PlatinumCurrency Returns
Plus
EUR
DB Platinum
36
Key figures as at 31 January 2014 (continued)
---------
87.26-------------------------
DB PlatinumAgriculture Euro
EUR
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
-----------------------------------
DB PlatinumCROCI World
EUR
-------------------
8,803.02-----
75.4072.09
--------
DB PlatinumCommodity Harvest
EUR
-----------------
95.27-----------------
DB PlatinumCurrency Returns
Plus
EUR
DB Platinum
37
Key figures as at 31 January 2014 (continued)
556,804.8721,363.00
-121,490.18
---------
149,341.15------
483.71-----------
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumAgriculture Euro
EUR
------
105,811.20-----
93,440.78----------
11,165.30---
6,522.90----
DB PlatinumCROCI World
EUR
------
11,118.00-----
14,329.00-------------------
DB PlatinumCommodity Harvest
EUR
579.00-------------------
20,257.01-----------
DB PlatinumCurrency Returns
Plus
EUR
DB Platinum
38
Key figures as at 31 January 2014 (continued)
---------
702.00-------------------------
DB PlatinumAgriculture Euro
EUR
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
-----------------------------------
DB PlatinumCROCI World
EUR
-------------------
705.84-----
2,008.6517,654.00
--------
DB PlatinumCommodity Harvest
EUR
-----------------
161,339.10-----------------
DB PlatinumCurrency Returns
Plus
EUR
DB Platinum
39
Key figures as at 31 January 2014 (continued)
137.55-------------------------------
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumPWM CROCI Multi
Fund
EUR
--------------------------------
DB PlatinumBonus
EUR
----------------------------
97.89---
DB PlatinumCROCI Sectors
Fund
EUR
---
108.82------------
94.98---
18,210.00-----------
DB PlatinumCROCI Asia Pacific
Fund
USD
DB Platinum
40
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
-------
141.79131.05
--------------------------
DB PlatinumBonus
EUR
---------
239.08-------
107.14------
124.42-------
99.56-
101.35
DB PlatinumCROCI Sectors
Fund
EUR
-----------------------------------
DB PlatinumCROCI Asia Pacific
Fund
USD
DB Platinum
41
Key figures as at 31 January 2014 (continued)
904,497.00-------------------------------
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumPWM CROCI Multi
Fund
EUR
--------------------------------
DB PlatinumBonus
EUR
----------------------------
10,000.00---
DB PlatinumCROCI Sectors
Fund
EUR
---
810.00------------
5,111.82---
0.01-----------
DB PlatinumCROCI Asia Pacific
Fund
USD
DB Platinum
42
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
-------
131,656.7626,869.00
--------------------------
DB PlatinumBonus
EUR
---------
884,895.54-------
655,439.38------
428,861.07-------
68,868.94-
325,436.80
DB PlatinumCROCI Sectors
Fund
EUR
-----------------------------------
DB PlatinumCROCI Asia Pacific
Fund
USD
DB Platinum
43
Key figures as at 31 January 2014 (continued)
--------------------
111.22-----------
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumdbX-THF Equity
Hedge Index Fund
USD
--------------------
109.75-----------
DB PlatinumdbX-THF Event
Driven Index Fund
USD
--------------------
85.03-----------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
--------------------
114.40-----------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
DB Platinum
44
Key figures as at 31 January 2014 (continued)
----------
110.75------------------------
DB PlatinumdbX-THF Equity
Hedge Index Fund
USD
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
----------
108.52------------------------
DB PlatinumdbX-THF Event
Driven Index Fund
USD
----------
85.23------------------------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
----------
114.44------------------------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
DB Platinum
45
Key figures as at 31 January 2014 (continued)
--------------------
37,886.00-----------
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumdbX-THF Equity
Hedge Index Fund
USD
--------------------
35,000.00-----------
DB PlatinumdbX-THF Event
Driven Index Fund
USD
--------------------
50,134.21-----------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
--------------------
35,533.57-----------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
DB Platinum
46
Key figures as at 31 January 2014 (continued)
----------
45,270.87------------------------
DB PlatinumdbX-THF Equity
Hedge Index Fund
USD
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
----------
35,500.00------------------------
DB PlatinumdbX-THF Event
Driven Index Fund
USD
----------
50,000.00------------------------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
----------
35,091.00------------------------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
DB Platinum
47
Key figures as at 31 January 2014 (continued)
--
77.60----
66.32---
69.25------------
67.51-
70.47-----
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumPrecious Metals
USD
--
115.34----
115.34-
118.04-
122.27--
110.35---------
111.97117.92122.89
--
118.51--
DB PlatinumCROCI Global
Dividends
USD
--------------------------------
DB PlatinumTT International
USD
-----------
127.75---
127.15----------
128.63---
128.03-
DB PlatinumCROCI USDividends
USD
DB Platinum
48
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumPrecious Metals
USD
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
-------------------------------
97.89-
100.19-
DB PlatinumCROCI Global
Dividends
USD
-------------
109.80-
110.60110.66
------------------
DB PlatinumTT International
USD
-----------------------------------
DB PlatinumCROCI USDividends
USD
DB Platinum
49
Key figures as at 31 January 2014 (continued)
--
578.67----
966,162.02---
21,975.04------------
538,307.75-
102,246.86-----
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumPrecious Metals
USD
--
980.00----
166,041.76-
3,170.00-
263,529.00--
407,752.97---------
909,685.8610,077.00
1,446,598.08--
54,411.39--
DB PlatinumCROCI Global
Dividends
USD
--------------------------------
DB PlatinumTT International
USD
-----------
107,884.50---
223,745.00----------
66,554.38---
30,800.00-
DB PlatinumCROCI USDividends
USD
DB Platinum
50
Key figures as at 31 January 2014 (continued)
-----------------------------------
DB PlatinumPrecious Metals
USD
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
-------------------------------
500.00-
1,097.00-
DB PlatinumCROCI Global
Dividends
USD
-------------
2,300.00-
27,625.27199,890.12
------------------
DB PlatinumTT International
USD
-----------------------------------
DB PlatinumCROCI USDividends
USD
DB Platinum
51
Key figures as at 31 January 2014 (continued)
-------
10,148.59-
10,176.37-
10,175.99------------
100.92101.01100.98
-----
Net asset value per shareR1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumLoomis Sayles
USD
DB Platinum
52
Key figures as at 31 January 2014 (continued)
-------------
101.52-
101.73101.97
------------------
DB PlatinumLoomis Sayles
USD
Net asset value per shareR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB Platinum
53
Key figures as at 31 January 2014 (continued)
-------
419.47-
34.00-
1,214.25------------
185,856.271,000.00
44,825.95-----
Number of shares outstandingR1CR1C-AR1C-AR1C-BR1C-CR1C-CR1C-ER1C-ER1C-FXCR1C-GR1C-SR1C-UR1C-UR1DR1D-ER1D-UR2CR2CR2CR2C-AI1CI1C-CI1C-DBI1C-EI1C-EI1C-GI1C-UI1C-UI1D-AI1D-GI1D-UR1C1
DB PlatinumLoomis Sayles
USD
DB Platinum
54
Key figures as at 31 January 2014 (continued)
-------------
271,537.47-
4,470.00219,299.42
------------------
DB PlatinumLoomis Sayles
USD
Number of shares outstandingR1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2CI2CI2CI2C-EI2C-FXCI2C-GI2C-UI3CI3CI3C-EI4CI4CI4DI5DR3CR3C-ER3C-UR5CI5CR2C-DBR2C-FXCR0C-GR0C-ER0C-ER3C-N
DB Platinum
55
The accompanying notes form an integral part of these financial statements.
NET ASSETS AT THE BEGINNING OFTHE YEAR 406,079,045
INCOMEDividends on shares, net 13Interest on bonds, net 7,403,013Bank interest 459Dividends on CFD, net 0Other income 0
TOTAL INCOME 7,403,485
EXPENSESManagement Fee (4) 3,443,883Performance Fee (16) 0Subscription tax (3) 135,489Bank charges 0Interest paid 2,675Interest paid on CFD 0Interest on swaps 0Dividends on CFD, net 0Other charges 0Fixed Fee (5) 289,932
TOTAL EXPENSES 3,871,979
NET INCOME / (LOSS) FROMINVESTMENTS 3,531,506Net realised gain / (loss) on sales ofinvestments 14,254,388Net realised gain / (loss) on CFD 0Net realised gain / (loss) on swaps (51,828,644)Net realised gain / (loss) on options 0Net realised gain / (loss) on forwardforeign exchange contracts 0Net realised gain / (loss) on futures 0Net realised gain / (loss) on foreignexchange (680)
NET REALISED GAIN / (LOSS) (34,043,430)Change in net unrealised appreciation /(depreciation) on investments (28,527,417)Change in net unrealised appreciation /(depreciation) on futures 0Change in net unrealised appreciation /(depreciation) on forward foreignexchange contracts 0Change in net unrealised appreciation /(depreciation) on CFD 0Change in net unrealised appreciation /(depreciation) on swaps 25,526,594Change in net unrealised appreciation /(depreciation) on options 0
NET INCREASE / (DECREASE) IN NETASSETS AS A RESULT OF OPERATIONS (37,044,253)
EVOLUTION OF THE CAPITALSubscriptions of shares 21,416,640Redemptions of shares (193,775,030)Dividends paid (11) 0Currency translation 0
NET ASSETS AT THE END OF THE YEAR 196,676,402
EURNote
DB PlatinumCommodity Euro
14,222,997
0367,050
500
367,055
50,5340
6,5320
980000
13,22970,393
296,662
177,4980
208,3190
00
(944)681,535
(69,418)
0
0
0
(638,653)
0
(26,536)
1,394,005(3,157,613)
(209,113)0
12,223,740
EUR
DB PlatinumEuropean Inflation
2015
7,424,997
0141,161
200
141,163
70,6660
2,7180
1140000
5,88779,385
61,778
61,5720
462,2370
00
(4)585,583
(33,181)
0
0
0
49,138
0
601,540
40,884(3,017,297)
00
5,050,124
EUR
DB PlatinumDynamic Aktien
Plus
66,041,815
2,016,8280
2600
2,016,854
875,7690
29,4440
6080000
93,496999,317
1,017,537
11,940,165000
3,967,1140
80,06317,004,879
(2,045,598)
0
(2,143,705)
0
0
0
12,815,576
86,276,180(90,289,740)
(872,530)0
73,971,301
EUR
DB PlatinumBranchen Stars
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets
56
The accompanying notes form an integral part of these financial statements.
NET ASSETS AT THE BEGINNING OFTHE YEAR 19,253,913
INCOMEDividends on shares, net 564,876Interest on bonds, net 0Bank interest 8Dividends on CFD, net 0Other income 0
TOTAL INCOME 564,884
EXPENSESManagement Fee (4) 146,367Performance Fee (16) 0Subscription tax (3) 4,377Bank charges 6Interest paid 4Interest paid on CFD 0Interest on swaps 0Dividends on CFD, net 0Other charges 13Fixed Fee (5) 21,899
TOTAL EXPENSES 172,666
NET INCOME / (LOSS) FROMINVESTMENTS 392,218Net realised gain / (loss) on sales ofinvestments 3,426,837Net realised gain / (loss) on CFD 0Net realised gain / (loss) on swaps 0Net realised gain / (loss) on options 0Net realised gain / (loss) on forwardforeign exchange contracts 0Net realised gain / (loss) on futures 0Net realised gain / (loss) on foreignexchange 0
NET REALISED GAIN / (LOSS) 3,819,055Change in net unrealised appreciation /(depreciation) on investments 315,513Change in net unrealised appreciation /(depreciation) on futures 0Change in net unrealised appreciation /(depreciation) on forward foreignexchange contracts 0Change in net unrealised appreciation /(depreciation) on CFD 0Change in net unrealised appreciation /(depreciation) on swaps 0Change in net unrealised appreciation /(depreciation) on options 0
NET INCREASE / (DECREASE) IN NETASSETS AS A RESULT OF OPERATIONS 4,134,568
EVOLUTION OF THE CAPITALSubscriptions of shares 12,876,068Redemptions of shares (14,521,892)Dividends paid (11) (21,995)Currency translation 0
NET ASSETS AT THE END OF THE YEAR 21,720,662
EURNote
DB PlatinumCROCI Germany
56,912,711
2,205,847276,791
1120
122,482,762
1,872,3134,454,208
25,716714
4,49174,726
000
150,0106,582,178
(4,099,416)
5,294,789105,273
01,381,926
449,64754,728
13,9483,200,895
8,300,189
(144,072)
(1,162,932)
(95,491)
0
240,798
10,339,387
117,068,395(31,855,968)
00
152,464,525
USD
DB PlatinumOmega
154,203,219
03,370,330
1200
2,1733,372,623
1,236,3770
42,5590
1,8920000
115,4161,396,244
1,976,379
1,029,8180
(23,437,575)0
(142,231)0
(479)(20,574,088)
1,394,518
0
5,955
0
7,579,759
0
(11,593,856)
6,016,906(65,537,099)
00
83,089,170
USD
DB PlatinumCommodity USD
19,150,381
67,89100
26,2420
94,133
97,4870
4180
6,6277,822
00
2125,158
137,533
(43,400)
611,764(41,801)
00
(114,941)0
22,022433,644
1,690,484
0
10,007
212,040
0
0
2,346,175
161,435(21,657,991)
000
GBP
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
57
The accompanying notes form an integral part of these financial statements.
6,412,386
0134,045
100
134,046
29,6310
2,5520
790000
4,93437,196
96,850
(76,621)0
(354,150)0
00
(2)(333,923)
375,022
0
0
0
5,861
0
46,960
1,980,597(8,409,794)
(30,149)00
EUR
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
17,454,129
0299,869
000
299,869
123,0460
1,5270
4800000
28,019153,072
146,797
(471,037)0
3,5530
00
600(320,087)
135,559
0
0
0
(1,318,788)
0
(1,503,316)
792,075(8,268,969)
00
8,473,919
USD
DB PlatinumEMLINTM Sovereign
Bond Fund
83,146,768
002002
705,9740
25,8770
2030000
88,949821,003
(821,001)
12,494,9570
(24,919,624)0
00
(97)(13,245,765)
767,070
0
0
0
(649,470)
0
(13,128,165)
1,538,428(27,219,520)
00
44,337,511
EUR
DB PlatinumAgriculture Euro
128,469,288
00
1000
10
1,246,4260
27,5580
250000
278,2401,552,249
(1,552,239)
00
(20,402,788)0
00
175,801(21,779,226)
0
0
0
0
47,418,982
0
25,639,756
107,957,856(17,558,549)
00
244,508,351
EUR
DB PlatinumCROCI World
11,429,630
001001
74,1420
2,121000000
15,40091,663
(91,662)
00
41,9570
00
27,822(21,883)
0
0
0
0
(772,813)
0
(794,696)
779,359(2,148,097)
00
9,266,196
EUR
DB PlatinumCommodity Harvest
71,019,259
00
9000
90
63,0220
2,837020000
37,173103,034
(102,944)
00
(3,519,926)0
00
(43,279)(3,666,149)
0
0
0
0
4,195,488
0
529,339
12,850,469(66,512,775)
00
17,886,292
EUR
DB PlatinumCurrency Returns
Plus
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
58
The accompanying notes form an integral part of these financial statements.
NET ASSETS AT THE BEGINNING OFTHE YEAR 117,089,346
INCOMEDividends on shares, net 0Interest on bonds, net 0Bank interest 4Dividends on CFD, net 0Other income 0
TOTAL INCOME 4
EXPENSESManagement Fee (4) 1,749,054Performance Fee (16) 0Subscription tax (3) 62,817Bank charges 0Interest paid 190Interest paid on CFD 0Interest on swaps 0Dividends on CFD, net 0Other charges 1,796Fixed Fee (5) 187,399
TOTAL EXPENSES 2,001,256
NET INCOME / (LOSS) FROMINVESTMENTS (2,001,252)Net realised gain / (loss) on sales ofinvestments 29,253,837Net realised gain / (loss) on CFD 0Net realised gain / (loss) on swaps (14,472,407)Net realised gain / (loss) on options 0Net realised gain / (loss) on forwardforeign exchange contracts 0Net realised gain / (loss) on futures 0Net realised gain / (loss) on foreignexchange 0
NET REALISED GAIN / (LOSS) 12,780,178Change in net unrealised appreciation /(depreciation) on investments 587,774Change in net unrealised appreciation /(depreciation) on futures 0Change in net unrealised appreciation /(depreciation) on forward foreignexchange contracts 0Change in net unrealised appreciation /(depreciation) on CFD 0Change in net unrealised appreciation /(depreciation) on swaps 782,770Change in net unrealised appreciation /(depreciation) on options 0
NET INCREASE / (DECREASE) IN NETASSETS AS A RESULT OF OPERATIONS 14,150,722
EVOLUTION OF THE CAPITALSubscriptions of shares 7,649,241Redemptions of shares (14,476,676)Dividends paid (11) 0Currency translation 0
NET ASSETS AT THE END OF THE YEAR 124,412,633
EURNote
DB PlatinumPWM CROCI Multi
Fund
11,080,695
0000
208208
14,0880
3,053040000
11,27128,416
(28,208)
00
2,083,6170
00
02,055,409
0
0
0
0
(1,739,199)
0
316,210
7,780,691(19,177,596)
000
EUR
DB PlatinumExpress (liquidated
as of 14/10/13)
4,695,524
000000
13,4560
390000000
2,01815,864
(15,864)
554,1810
(746,914)0
00
0(208,597)
(265,931)
0
0
0
460,939
0
(13,589)
206,592(4,888,527)
000
EUR
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
146,605,635
003003
236,2130
26,205060000
94,508356,932
(356,929)
00
35,736,5440
00
035,379,615
0
0
0
0
(33,935,263)
0
1,444,352
90,271,915(216,132,770)
00
22,189,132
EUR
DB PlatinumBonus
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
59
The accompanying notes form an integral part of these financial statements.
238,586,018
00
370
221258
2,603,3580
51,326020000
465,5813,120,267
(3,120,009)
00
12,317,7550
(132,760)0
1,3299,066,315
0
0
(22,084)
0
35,817,473
0
44,861,704
133,383,603(70,305,020)
00
346,526,305
EUR
DB PlatinumCROCI Sectors
Fund
4,886,855
000000
1,0820
3010
17000
12,3823,262
17,044
(17,044)
00
(1,188,708)0
00
225,033(980,719)
0
0
0
0
929,410
0
(51,309)
1,644(4,837,190)
000
EUR
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
14,911,439
000000
42,0280
35600000
1078,204
50,695
(50,695)
00
208,8810
00
0158,186
0
0
0
0
(1,052,397)
0
(894,211)
105,869(14,123,097)
000
EUR
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
51,144,230
000000
130,2170
1,4600
150000
25,112156,804
(156,804)
00
23,197,4320
00
(28)23,040,600
0
0
0
0
(25,578,869)
0
(2,538,269)
112,814(48,144,945)
00
573,830
USD
DB PlatinumCROCI Asia Pacific
Fund
17,017,976
003003
58,0380
1,2850
500000
7,72267,095
(67,092)
00
(1,716,349)0
(17,092)0
22,773(1,777,760)
0
0
(183,579)
0
1,495,636
0
(465,703)
172,909(16,725,182)
000
USD
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
13,209,510
000000
12,2410
1,1130
380000
16,69230,084
(30,084)
00
193,1180
129,5980
27,826320,458
0
0
(248,646)
0
698,890
0
770,702
1,331,250(4,336,998)
00
10,974,464
USD
DB PlatinumdbX-THF Equity
Hedge Index Fund
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
60
The accompanying notes form an integral part of these financial statements.
NET ASSETS AT THE BEGINNING OFTHE YEAR 12,434,395
INCOMEDividends on shares, net 0Interest on bonds, net 0Bank interest 0Dividends on CFD, net 0Other income 0
TOTAL INCOME 0
EXPENSESManagement Fee (4) 10,780Performance Fee (16) 0Subscription tax (3) 970Bank charges 0Interest paid 52Interest paid on CFD 0Interest on swaps 0Dividends on CFD, net 0Other charges 0Fixed Fee (5) 14,699
TOTAL EXPENSES 26,501
NET INCOME / (LOSS) FROMINVESTMENTS (26,501)Net realised gain / (loss) on sales ofinvestments 0Net realised gain / (loss) on CFD 0Net realised gain / (loss) on swaps 161,935Net realised gain / (loss) on options 0Net realised gain / (loss) on forwardforeign exchange contracts 77,710Net realised gain / (loss) on futures 0Net realised gain / (loss) on foreignexchange 33,942
NET REALISED GAIN / (LOSS) 247,086Change in net unrealised appreciation /(depreciation) on investments 0Change in net unrealised appreciation /(depreciation) on futures 0Change in net unrealised appreciation /(depreciation) on forward foreignexchange contracts (219,745)Change in net unrealised appreciation /(depreciation) on CFD 0Change in net unrealised appreciation /(depreciation) on swaps 799,264Change in net unrealised appreciation /(depreciation) on options 0
NET INCREASE / (DECREASE) IN NETASSETS AS A RESULT OF OPERATIONS 826,605
EVOLUTION OF THE CAPITALSubscriptions of shares 0Redemptions of shares (4,224,962)Dividends paid (11) 0Currency translation 0
NET ASSETS AT THE END OF THE YEAR 9,036,038
USDNote
DB PlatinumdbX-THF Event
Driven Index Fund
11,160,394
000000
12,4180
1,1170
120000
16,93530,482
(30,482)
00
(105,653)0
225,3080
10,48699,659
0
0
(215,047)
0
(590,105)
0
(705,493)
1,210,664(1,656,195)
00
10,009,370
USD
DB PlatinumdbX-THF
Systematic MacroIndex Fund
13,559,537
000000
11,5520
1,031020000
15,75328,338
(28,338)
00
519,1590
80,5390
37,851609,211
0
0
(239,101)
0
(140,663)
0
229,447
73,271(4,382,254)
00
9,480,001
USD
DB PlatinumdbX-THF Credit and
Convertible IndexFund
197,785,651
000000
1,584,0760
66,2290
2050000
227,4361,877,946
(1,877,946)
00
899,3050
4,037,7820
(264,528)2,794,613
0
0
(6,879,027)
0
(38,911,229)
0
(42,995,643)
88,131,610(98,727,352)
00
144,194,266
USD
DB PlatinumPrecious Metals
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
61
The accompanying notes form an integral part of these financial statements.
166,204,145
7,040,2630
1,4350
9647,042,662
2,365,3670
73,1310
3,3700000
396,3692,838,237
4,204,425
24,832,703000
293,4810
(250,783)29,079,826
(1,533,282)
0
(34,708)
0
0
0
27,511,836
376,551,629(121,901,783)
(965,031)0
447,400,796
USD
DB PlatinumCROCI Global
Dividends
97,381,135
000000
212,7810
2,5060
880000
38,004253,379
(253,379)
63,3490
(7,429,103)0
(841,645)0
110,154(8,350,624)
(34,106)
0
(71,656)
0
(3,331,920)
0
(11,788,306)
0(85,592,829)
000
USD
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
27,271,613
213,66438,6829,261
00
261,607
365,477215,709
2,749249,651
899119,789
0247,355
040,911
1,242,540
(980,933)
2,224,0241,401,256
(24,291)(291,703)
1,030,967(1,986,913)
21,3961,393,803
(826,040)
224,808
372,901
(159,584)
78,329
(64,120)
1,020,097
324,415(1,133,531)
00
27,482,594
USD
DB PlatinumTT International
10,830,404
564,6790000
564,679
213,5720
12,0420
5920000
42,794269,000
295,679
2,935,697000
00
593,231,435
(442,709)
0
0
0
0
0
2,788,726
57,930,041(16,812,938)
(1,291)0
54,734,942
USD
DB PlatinumCROCI USDividends
0
14,6241,245,989
9460
2,0191,263,578
555,016340,060
6,9998,1142,209
12,983243,85728,6216,651
53,9141,258,424
5,154
1,585,834(627,504)
694,91439,412
272,122(326,601)
(144,194)1,499,137
1,175,594
(284,984)
(745,883)
34,752
(753,440)
(59,161)
866,015
114,548,449(6,476,085)
00
108,938,379
USD
DB PlatinumLoomis Sayles
1,997,393,309
10,109,37011,925,026
9,45431,9854,261
22,080,096
17,983,2923,715,358
562,766191,69322,777
163,414180,843204,66119,256
2,534,38125,578,441
(3,498,345)
100,638,609600,928
(71,597,294)837,728
7,844,343(1,675,099)
209,35533,360,225
(20,777,070)
(151,469)
(9,288,797)
95,061
31,923,262
87,149
35,248,361
1,053,479,199(1,179,445,842)
(1,850,403)5,113,151
1,909,937,775
EUR
Combined
DB Platinum
for the Year ended 31 January 2014
Statement of Operations and Changes in Net Assets (continued)
62
DB PlatinumStatistics
EUR
121.26102.89
-----------------
51.1512,657.19
-----------
196,676,402406,079,045779,778,390
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumCommodity Euro
EUR
-------------
103.59------------------
12,223,74014,222,99722,238,428
DB PlatinumEuropean Inflation
2015
EUR
134.96108.51
-----------
110.20------
14,070.67-----------
5,050,1247,424,997
10,311,362
DB PlatinumDynamic Aktien
Plus
EUR
175.88197.49
-14.67
---------
136.06------
187,750.10-----------
73,971,30166,041,81565,073,023
DB PlatinumBranchen Stars
63
DB PlatinumStatistics (continued)
EUR
---------
70.22-------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumCommodity Euro
EUR
-----------------------------------
DB PlatinumEuropean Inflation
2015
EUR
-----------------------------------
DB PlatinumDynamic Aktien
Plus
EUR
-----------------------------------
DB PlatinumBranchen Stars
64
DB PlatinumStatistics (continued)
EUR
137.28117.42
-----------------
58.6614,260.10
-----------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCommodity Euro
EUR
-------------
105.36------------------
DB PlatinumEuropean Inflation
2015
EUR
120.7897.88
-----------
98.62------
12,530.45-----------
DB PlatinumDynamic Aktien
Plus
EUR
151.40170.01
-12.57
---------
121.69------
160,354.47-----------
DB PlatinumBranchen Stars
65
DB PlatinumStatistics (continued)
EUR
---------
79.11-------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumCommodity Euro
EUR
-----------------------------------
DB PlatinumEuropean Inflation
2015
EUR
-----------------------------------
DB PlatinumDynamic Aktien
Plus
EUR
-----------------------------------
DB PlatinumBranchen Stars
66
DB PlatinumStatistics (continued)
EUR
141.43121.94
-----------------
61.2314,619.73
-----------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumCommodity Euro
EUR
-------------
105.90------------------
DB PlatinumEuropean Inflation
2015
EUR
118.8497.10
-----------
97.04------
12,269.68-----------
DB PlatinumDynamic Aktien
Plus
EUR
129.47145.39
-10.69
---------
109.01------
136,048.62-----------
DB PlatinumBranchen Stars
67
DB PlatinumStatistics (continued)
EUR
---------
81.11-------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumCommodity Euro
EUR
-----------------------------------
DB PlatinumEuropean Inflation
2015
EUR
-----------------------------------
DB PlatinumDynamic Aktien
Plus
EUR
-----------------------------------
DB PlatinumBranchen Stars
68
DB PlatinumStatistics (continued)
EUR
188.76------------
143.48--
149.66---
202.62-----------
21,720,66219,253,91318,319,597
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumCROCI Germany
USD
-------
11,079.43---
11,165.39------------
118.81105.14122.32
-----
152,464,52556,912,71135,887,522
DB PlatinumOmega
USD
137.61--
5.68-
4.88----
67.35---------
14,363.75-----------
83,089,170154,203,219540,952,477
DB PlatinumCommodity USD
GBP
--------------------------------
-19,150,38135,510,964
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
69
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumCROCI Germany
USD
-------------
140.53--
142.52------------------
DB PlatinumOmega
USD
-----------
68.64------
74.92-
7.56--------------
DB PlatinumCommodity USD
GBP
-----------------------------------
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
70
DB PlatinumStatistics (continued)
EUR
157.79------------
124.53--
125.34---
167.89-----------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCROCI Germany
USD
------------------------
106.70-
108.83-----
DB PlatinumOmega
USD
151.87--
6.27-
5.40----
74.87---------
15,775.24-----------
DB PlatinumCommodity USD
GBP
9,540.83-------------------
96.99-----------
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
71
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumCROCI Germany
USD
-------------
124.38--
125.38------------------
DB PlatinumOmega
USD
-----------
75.37------
82.90-
8.30--------------
DB PlatinumCommodity USD
GBP
----------
91.30------------------------
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
72
DB PlatinumStatistics (continued)
EUR
138.08------------
113.80--
109.97---
145.77-----------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumCROCI Germany
USD
--------------------------------
DB PlatinumOmega
USD
156.20--
6.45-
5.56----
77.62---------
16,145.66-----------
DB PlatinumCommodity USD
GBP
7,629.84-------------------
77.95-----------
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
73
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumCROCI Germany
USD
-------------
105.59--
105.42------------------
DB PlatinumOmega
USD
-----------
77.11------
85.57-
8.50--------------
DB PlatinumCommodity USD
GBP
----------
74.55------------------------
DB PlatinumTosca Mid Cap
Equity Fund(liquidated as of
11/07/13)
74
DB PlatinumStatistics (continued)
EUR
--------------------------------
-6,412,386
10,689,517
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
---
10.42----------------
10,955.27-----------
8,473,91917,454,12920,216,710
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
55.9958.53
-5.60
---------
55.99------
5,801.48-----------
44,337,51183,146,768
164,285,539
DB PlatinumAgriculture Euro
EUR
------
126.92-----
123.03----------
14,480.35---
12,584.56----
244,508,351128,469,288106,832,431
DB PlatinumCROCI World
75
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
-----------------------------------
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
---------
87.26-------------------------
DB PlatinumAgriculture Euro
EUR
-----------------------------------
DB PlatinumCROCI World
76
DB PlatinumStatistics (continued)
EUR
142.00------------
118.74------------------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
---
11.74----------------
12,244.89-----------
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
68.6272.32
-6.86
---------
68.62------
7,067.38-----------
DB PlatinumAgriculture Euro
EUR
------
108.89-----
106.21----------
12,336.63---
10,778.28----
DB PlatinumCROCI World
77
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
-----------------------------------
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
---------
106.30-------------------------
DB PlatinumAgriculture Euro
EUR
-----------------------------------
DB PlatinumCROCI World
78
DB PlatinumStatistics (continued)
EUR
132.48------------
113.50------------------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
---
10.81----------------
11,189.06-----------
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
69.1073.40
-6.91
---------
69.09------
7,073.31-----------
DB PlatinumAgriculture Euro
EUR
------
98.73-----
92.89----------
11,102.12---
9,350.19----
DB PlatinumCROCI World
79
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumGermany Covered
Bond Fund(liquidated as of
30/09/13)
USD
-----------------------------------
DB PlatinumEMLINTM Sovereign
Bond Fund
EUR
---------
106.39-------------------------
DB PlatinumAgriculture Euro
EUR
-----------------------------------
DB PlatinumCROCI World
80
DB PlatinumStatistics (continued)
EUR
------
89.90-----
90.14-------------------
9,266,19611,429,63023,448,954
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumCommodity Harvest
EUR
933.19-------------------
97.54-----------
17,886,29271,019,259
109,228,476
DB PlatinumCurrency Returns
Plus
EUR
137.55-------------------------------
124,412,633117,089,346122,157,781
DB PlatinumPWM CROCI Multi
Fund
EUR
--------------------------------
-11,080,69513,439,142
DB PlatinumExpress (liquidated
as of 14/10/13)
81
DB PlatinumStatistics (continued)
EUR
-------------------
8,803.02-----
75.4072.09
--------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumCommodity Harvest
EUR
-----------------
95.27-----------------
DB PlatinumCurrency Returns
Plus
EUR
-----------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
-----------------------------------
DB PlatinumExpress (liquidated
as of 14/10/13)
82
DB PlatinumStatistics (continued)
EUR
------
93.00-----
93.18-------------------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCommodity Harvest
EUR
947.70-----------------
921.18-
98.11-----------
DB PlatinumCurrency Returns
Plus
EUR
122.60-------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
--------------------------------
DB PlatinumExpress (liquidated
as of 14/10/13)
83
DB PlatinumStatistics (continued)
EUR
-------------------
9,703.46-----
84.2380.21
--------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumCommodity Harvest
EUR
-----------------
95.96-----
97.58-----------
DB PlatinumCurrency Returns
Plus
EUR
-----------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
-118.51
---------------------------------
DB PlatinumExpress (liquidated
as of 14/10/13)
84
DB PlatinumStatistics (continued)
EUR
------
96.40-----
96.45-------------------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumCommodity Harvest
EUR
942.96-----------------
917.47-
96.97-----------
DB PlatinumCurrency Returns
Plus
EUR
117.08-------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
--------------------------------
DB PlatinumExpress (liquidated
as of 14/10/13)
85
DB PlatinumStatistics (continued)
EUR
-------------------
11,037.50-----
96.9292.45
--------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumCommodity Harvest
EUR
------------
96.07----
93.50---
91.77-
96.12-----------
DB PlatinumCurrency Returns
Plus
EUR
-----------------------------------
DB PlatinumPWM CROCI Multi
Fund
EUR
-101.43
---------------------------------
DB PlatinumExpress (liquidated
as of 14/10/13)
86
DB PlatinumStatistics (continued)
EUR
--------------------------------
-4,695,5245,549,112
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
--------------------------------
22,189,132146,605,635202,687,446
DB PlatinumBonus
EUR
----------------------------
97.89---
346,526,305238,586,018198,080,080
DB PlatinumCROCI Sectors
Fund
EUR
--------------------------------
-4,886,855
11,425,079
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
87
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
-------
141.79131.05
--------------------------
DB PlatinumBonus
EUR
---------
239.08-------
107.14------
124.42-------
99.56-
101.35
DB PlatinumCROCI Sectors
Fund
EUR
-----------------------------------
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
88
DB PlatinumStatistics (continued)
EUR
-------------------------------
100.39
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
--------------------------------
DB PlatinumBonus
EUR
--------------------------------
DB PlatinumCROCI Sectors
Fund
EUR
--------
7,457.85-------------
77.94---------
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
89
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
------
142.87138.85125.08
--------------------------
DB PlatinumBonus
EUR
---------
202.36--------------
107.57----------
DB PlatinumCROCI Sectors
Fund
EUR
--------------
83.25--------------
7,817.937,315.03
----
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
90
DB PlatinumStatistics (continued)
EUR
-------------------------------
100.56
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
--------------------------------
DB PlatinumBonus
EUR
--------------------------------
DB PlatinumCROCI Sectors
Fund
EUR
--------
7,644.30-------------
79.85---------
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
91
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumEuropa
Gewinnstufen III(matured as of
16/05/13)
EUR
63.6066.5074.2263.1971.1291.03
125.16120.01105.93
--------------------------
DB PlatinumBonus
EUR
---------
187.56-------------------------
DB PlatinumCROCI Sectors
Fund
EUR
--------------
85.50--------------
8,103.807,595.37
----
DB PlatinumFX Concepts Global
Currency Fund(liquidated as of
29/07/13)
92
DB PlatinumStatistics (continued)
EUR
--------------------------------
-14,911,43928,684,111
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
---
108.82------------
94.98---
18,210.00-----------
573,83051,144,230
146,461,674
DB PlatinumCROCI Asia Pacific
Fund
USD
--------------------------------
-17,017,97679,370,086
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
--------------------
111.22-----------
10,974,46413,209,51012,453,048
DB PlatinumdbX-THF Equity
Hedge Index Fund
93
DB PlatinumStatistics (continued)
EUR
-----------------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
-----------------------------------
DB PlatinumCROCI Asia Pacific
Fund
USD
-----------------------------------
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
----------
110.75------------------------
DB PlatinumdbX-THF Equity
Hedge Index Fund
94
DB PlatinumStatistics (continued)
EUR
--------------------
105.68-----------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
---
118.22------------
103.19---
19,611.84-----------
DB PlatinumCROCI Asia Pacific
Fund
USD
85.95----------------
85.92--
8,941.48-----------
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
--------------------
103.37-----------
DB PlatinumdbX-THF Equity
Hedge Index Fund
95
DB PlatinumStatistics (continued)
EUR
---------
103.12-------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
-----------------------------------
DB PlatinumCROCI Asia Pacific
Fund
USD
----------
9,006.08-----------
90.84----
86.9489.02
------
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
----------
103.03------------------------
DB PlatinumdbX-THF Equity
Hedge Index Fund
96
DB PlatinumStatistics (continued)
EUR
--------------------
104.67-----------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
---
118.91------------
103.79---
19,572.71-----------
DB PlatinumCROCI Asia Pacific
Fund
USD
91.46----------------
91.45--
9,416.01-----------
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
--------------------
97.51-----------
DB PlatinumdbX-THF Equity
Hedge Index Fund
97
DB PlatinumStatistics (continued)
EUR
---------
103.15-------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumAIMhedge Index(liquidated as of
28/06/13)
USD
-----------------------------------
DB PlatinumCROCI Asia Pacific
Fund
USD
----------
9,477.11-----------
95.39----
92.9094.11
------
DB PlatinumdbX-Macro Trading
Index Fund(liquidated as of
23/12/13)
USD
----------
97.71------------------------
DB PlatinumdbX-THF Equity
Hedge Index Fund
98
DB PlatinumStatistics (continued)
USD
--------------------
109.75-----------
9,036,03812,434,39511,864,783
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumdbX-THF Event
Driven Index Fund
USD
--------------------
85.03-----------
10,009,37011,160,39417,004,334
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
--------------------
114.40-----------
9,480,00113,559,53716,621,226
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
--
77.60----
66.32---
69.25------------
67.51-
70.47-----
144,194,266197,785,65172,158,499
DB PlatinumPrecious Metals
99
DB PlatinumStatistics (continued)
USD
----------
108.52------------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumdbX-THF Event
Driven Index Fund
USD
----------
85.23------------------------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
----------
114.44------------------------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
-----------------------------------
DB PlatinumPrecious Metals
100
DB PlatinumStatistics (continued)
USD
--------------------
100.03-----------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumdbX-THF Event
Driven Index Fund
USD
--------------------
90.53-----------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
--------------------
111.12-----------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
--
100.01----
85.65---
88.86------------
86.57-
89.84-----
DB PlatinumPrecious Metals
101
DB PlatinumStatistics (continued)
USD
----------
99.18------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumdbX-THF Event
Driven Index Fund
USD
----------
90.74------------------------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
----------
111.22------------------------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
-----------------------------------
DB PlatinumPrecious Metals
102
DB PlatinumStatistics (continued)
USD
--------------------
96.50-----------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumdbX-THF Event
Driven Index Fund
USD
--------------------
96.20-----------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
--------------------
101.86-----------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
--
106.50----
90.41---
92.61------------
90.80-
93.02-----
DB PlatinumPrecious Metals
103
DB PlatinumStatistics (continued)
USD
----------
96.17------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumdbX-THF Event
Driven Index Fund
USD
----------
96.48------------------------
DB PlatinumdbX-THF
Systematic MacroIndex Fund
USD
----------
102.31------------------------
DB PlatinumdbX-THF Credit and
Convertible IndexFund
USD
-----------------------------------
DB PlatinumPrecious Metals
104
DB PlatinumStatistics (continued)
USD
--
115.34----
115.34-
118.04-
122.27--
110.35---------
111.97117.92122.89
--
118.51--
447,400,796166,204,145
-
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumCROCI Global
Dividends
USD
--------------------------------
-97,381,135
-
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
--------------------------------
27,482,59427,271,613
-
DB PlatinumTT International
USD
-----------
127.75---
127.15----------
128.63---
128.03-
54,734,94210,830,404
-
DB PlatinumCROCI USDividends
105
DB PlatinumStatistics (continued)
USD
-------------------------------
97.89-
100.19-
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumCROCI Global
Dividends
USD
-----------------------------------
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
-------------
109.80-
110.60110.66
------------------
DB PlatinumTT International
USD
-----------------------------------
DB PlatinumCROCI USDividends
106
DB PlatinumStatistics (continued)
USD
--
101.12----
100.60-
107.41-
107.33--
97.47---------
96.88106.47107.04
--
107.60--
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumCROCI Global
Dividends
USD
----
101.74--
101.80-
102.19-
102.26---------
102.03--
102.08102.48102.55
-----
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
--------------------------------
DB PlatinumTT International
USD
-----------
106.42---
106.41----------
106.57---
106.57-
DB PlatinumCROCI USDividends
107
DB PlatinumStatistics (continued)
USD
-----------------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumCROCI Global
Dividends
USD
-----------------------------------
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
-------------
106.70-
107.04107.22
------------------
DB PlatinumTT International
USD
-----------------------------------
DB PlatinumCROCI USDividends
108
DB PlatinumStatistics (continued)
USD
--------------------------------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumCROCI Global
Dividends
USD
--------------------------------
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
--------------------------------
DB PlatinumTT International
USD
--------------------------------
DB PlatinumCROCI USDividends
109
DB PlatinumStatistics (continued)
USD
-----------------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumCROCI Global
Dividends
USD
-----------------------------------
DB PlatinumCommodity Mean
Reversion(liquidated as of
14/05/13)
USD
-----------------------------------
DB PlatinumTT International
USD
-----------------------------------
DB PlatinumCROCI USDividends
110
DB PlatinumStatistics (continued)
USD
-------
10,148.59-
10,176.37-
10,175.99------------
100.92101.01100.98
-----
108,938,379--
Total Net Asset Value
R1CR1C-AR1C-A ( )EURR1C-BR1C-C ( )CHFR1C-C ( )SGDR1C-ER1C-E ( )EURR1C-FXCR1C-G ( )GBPR1C-S ( )CHFR1C-UR1C-U ( )USDR1DR1D-E ( )EURR1D-UR2CR2C ( )EURR2C ( )USDR2C-AI1CI1C-C ( )CHFI1C-DBI1C-EI1C-E ( )EURI1C-G ( )GBPI1C-UI1C-U ( )USDI1D-A ( )AUDI1D-G ( )GBPI1D-UR1C1
NAV per share at the end of the year
31 January 201431 January 201331 January 2012
31 January 2014
DB PlatinumLoomis Sayles
111
DB PlatinumStatistics (continued)
USD
-------------
101.52-
101.73101.97
------------------
NAV per share at the end of the year
31 January 2014R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(I2C EUR)(I2C GBP)(I2C USD
)(I2C-E EUR)(I2C-FXC USD
)(I2C-G GBPI2C-UI3C
)(I3C CHFI3C-EI4C
)(I4C USD)(I4D GBP)(I5D GBP
R3CR3C-E
)(R3C-U USD)(R5C CHF)(I5C CHF
)(R2C-DB USD)(R2C-FXC USD
)(R0C-G GBPR0C-E
)(R0C-E EUR)(R3C-N NOK
DB PlatinumLoomis Sayles
112
DB PlatinumStatistics (continued)
USD
--------------------------------
NAV per share at the end of the year
31 January 2013R1CR1C-AR1C-A )(EURR1C-BR1C-C )(CHFR1C-C )(SGDR1C-ER1C-E )(EURR1C-FXCR1C-G )(GBPR1C-S )(CHFR1C-UR1C-U )(USDR1DR1D-E )(EURR1D-UR2CR2C )(EURR2C )(USDR2C-AI1CI1C-C )(CHFI1C-DBI1C-EI1C-E )(EURI1C-G )(GBPI1C-UI1C-U )(USDI1D-A )(AUDI1D-G )(GBPI1D-UR1C1
DB PlatinumLoomis Sayles
113
DB PlatinumStatistics (continued)
USD
-----------------------------------
NAV per share at the end of the year
31 January 2013R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2CI2C )(EURI2C )(GBPI2C )(USDI2C-E )(EURI2C-FXC )(USDI2C-G )(GBPI2C-UI3CI3C )(CHFI3C-EI4CI4C )(USDI4D )(GBPI5D )(GBPR3CR3C-ER3C-U )(USDR5C )(CHFI5C )(CHFR2C-DB )(USDR2C-FXC )(USDR0C-G )(GBPR0C-ER0C-E )(EURR3C-N )(NOK
DB PlatinumLoomis Sayles
114
DB PlatinumStatistics (continued)
USD
--------------------------------
NAV per share at the end of the year
31 January 2012
R1CR1C-A
)(EURR1C-AR1C-B
)(CHFR1C-C)(SGDR1C-C
R1C-E)(EURR1C-E
R1C-FXC)(GBPR1C-G)(CHFR1C-S
R1C-U)(USDR1C-U
R1D)(EURR1D-E
R1D-UR2C
)(EURR2C)(USDR2C
R2C-AI1C
)(CHFI1C-CI1C-DBI1C-E
)(EURI1C-E)(GBPI1C-G
I1C-U)(USDI1C-U)(AUDI1D-A)(GBPI1D-G
I1D-UR1C1
DB PlatinumLoomis Sayles
115
DB PlatinumStatistics (continued)
USD
-----------------------------------
NAV per share at the end of the year
31 January 2012
R1C3R1C4R1C5R1C6R1C8R1C9R1C10R1C11R1C12I2C
)(EURI2C)(GBPI2C)(USDI2C
)(EURI2C-E)(USDI2C-FXC
)(GBPI2C-GI2C-UI3C
)(CHFI3CI3C-EI4C
)(USDI4C)(GBPI4D)(GBPI5D
R3CR3C-E
)(USDR3C-U)(CHFR5C)(CHFI5C
)(USDR2C-DB)(USDR2C-FXC
)(GBPR0C-GR0C-E
)(EURR0C-E)(NOKR3C-N
DB PlatinumLoomis Sayles
116
Hypo Noe Gruppe Bank AG FRN 11-27/06/2014 25,600,000 25,604,758 13.02EUR 25,660,900
Transferable securities admitted to an official stock exchange listing
Bonds
Austria
25,604,758 13.0225,660,900
Caisse Française de Fin 1.8% 07-09/05/2017 430,000,000 3,275,426 1.66JPY 3,675,000France
Com. Fin. Foncier 5.5% 01-26/01/2027 1,600,000 2,292,516 1.17GBP 2,226,060
5,567,942 2.835,901,060
Depfa 1.875% 12-20/12/2019 10,000,000 11,748,592 5.97GBP 11,701,668Germany
Deutsche Hypothekenbank AG 1.49% 05-20/11/2015
400,000,000 2,967,543 1.51JPY 2,943,805
Deutsche Hypothekenbank 2.625% 11-09/04/2014 14,400,000 14,461,449 7.35EUR 14,464,800Landesbank Berlin AG 3.25% 05-15/06/2015 38,950,000 40,464,834 20.58EUR 37,474,028
69,642,418 35.4166,584,301
Abbey National Treasury Services Plc London3.375% 05-08/06/2015 Emtn
5,200,000 5,404,707 2.75EUR 5,066,329Great Britain
Nationwide Building Society 3.50% 05-07/12/2015Emtn
19,110,000 20,083,213 10.21EUR 18,176,159
25,487,920 12.9623,242,488
Eirles Three Ltd 147 0.90% 04-01/11/2014 Emtn 1,425,000,000 10,337,140 5.26JPY 9,360,958Ireland
Eirles Three Ltd 150 0.90% 04-01/11/2014 Emtn 730,000,000 5,323,559 2.71JPY 5,497,249GE Capital UK 5.625% 04-12/12/2014 11,280,000 14,261,058 7.24GBP 11,280,566German Postal Pensions Securitisation Plc 3.375%05-18/01/2016
7,500,000 7,944,948 4.04EUR 7,349,804
37,866,705 19.2533,488,577
Italy Buoni Poliennali del Tesoro 3.75% 05-01/08/2015
3,130,000 3,260,750 1.66EUR 2,994,662Italy
3,260,750 1.662,994,662
Norddeutsche Landesbank Covered Finance BankSA 0.90% 07-14/12/2015 Emtn
3,150,000,000 23,135,020 11.76JPY 20,383,293Luxembourg
23,135,020 11.7620,383,293
AYT Cedulas Cajas Global 4.00% 06-20/12/2016 11,400,000 12,031,901 6.12EUR 11,735,160Spain
AYT Cedulas Cajas VI Fondo De Titulizacion DeActivos 4.00% 04-07/04/2014
6,300,000 6,333,591 3.22EUR 6,238,809
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum Commodity Euro
117
AYT Cedulas Cajas VIII Fondo De Titulizacion DeActivos 4.00% 04-18/11/2014
4,800,000 4,905,444 2.49EUR 4,764,597
Transferable securities admitted to an official stock exchange listing (continued)
Bonds (continued)
Spain (continued)
23,270,936 11.8322,738,566
WM Covered Bond 4.00% 06-27/09/2016 5,000,000 5,365,354 2.73EUR 4,974,500United States
5,365,354 2.734,974,500
Total - Bonds 219,201,803 111.45205,968,347
Total - Transferable securities admitted to an official stock exchangelisting
219,201,803 111.45205,968,347
TOTAL INVESTMENT PORTFOLIO 219,201,803 111.45205,968,347
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum Commodity Euro
118
OP Mortgage Bank 3.125% 09-19/11/2014 2,300,000 2,352,091 19.24EUR 2,407,640
Transferable securities admitted to an official stock exchange listing
Bonds
Finland
2,352,091 19.242,407,640
Deutsche Hypothekenbank 2.625% 11-09/04/2014 1,200,000 1,205,121 9.86EUR 1,211,400Germany
Landesbank Berlin AG 3.25% 05-15/06/2015 2,820,000 2,929,675 23.97EUR 2,993,820
4,134,796 33.834,205,220
German Postal Pensions Securitisation Plc 3.375%05-18/01/2016
1,000,000 1,059,326 8.67EUR 1,060,600Ireland
1,059,326 8.671,060,600
Italy Buoni Poliennali del Tesoro 4.50% 95-08/06/2015
170,000,000 1,291,048 10.56JPY 1,843,722Italy
1,291,048 10.561,843,722
Achmea Hypotheekbank NV 4.25% 07-26/02/2014 500,000 501,375 4.10EUR 511,850Netherlands
501,375 4.10511,850
Banco Bilbao Vizcaya Argentaria SA 4.25% 04-15/07/2014
2,300,000 2,336,438 19.11EUR 2,370,380Spain
2,336,438 19.112,370,380
Total - Bonds 11,675,074 95.5112,399,412
Total - Transferable securities admitted to an official stock exchangelisting
11,675,074 95.5112,399,412
TOTAL INVESTMENT PORTFOLIO 11,675,074 95.5112,399,412
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum European Inflation 2015
119
Crédit Agricole Covered 4% 10-16/07/2025 500,000 582,791 11.54EUR 588,550
Transferable securities admitted to an official stock exchange listing
Bonds
France
582,791 11.54588,550
Landesbank Hessen 5.5% 01-21/12/2015 1,000,000 1,083,827 21.46EUR 1,109,500Germany
WL Bank FRN 11-13/06/2014 900,000 900,530 17.83EUR 901,710
1,984,357 39.292,011,210
GE Capital UK 5.625% 04-12/12/2014 300,000 379,283 7.51GBP 479,070Ireland
379,283 7.51479,070
Deutsche Bank Milan 0% 12-01/10/2019 400,000 361,111 7.15EUR 355,600Italy
361,111 7.15355,600
Norddeutsche Landesbank Covered Finance BankSA 0.90% 07-14/12/2015 Emtn
60,000,000 440,667 8.73JPY 607,320Luxembourg
440,667 8.73607,320
Achmea Hypotheekbank NV 4.25% 07-26/02/2014 750,000 752,062 14.89EUR 786,450Netherlands
752,062 14.89786,450
AYT Cedulas Cajas VI Fondo De Titulizacion DeActivos 4.00% 04-07/04/2014
300,000 301,600 5.97EUR 302,130Spain
301,600 5.97302,130
Total - Bonds 4,801,871 95.085,130,330
Total - Transferable securities admitted to an official stock exchangelisting
4,801,871 95.085,130,330
TOTAL INVESTMENT PORTFOLIO 4,801,871 95.085,130,330
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum Dynamic Aktien Plus
120
Quantity
Gdf Suez 150,504 2,466,008 3.34EUR 2,473,416
Transferable securities admitted to an official stock exchange listing
Shares
France
Total SA 58,056 2,458,091 3.32EUR 2,327,930
4,924,099 6.664,801,346
E.ON 194,515 2,620,117 3.54EUR 2,523,238Germany
RWE AG Essen -A- 100,805 2,766,089 3.74EUR 2,549,468
5,386,206 7.285,072,706
Seagate Technology Plc 58,945 2,310,506 3.12USD 2,022,423Ireland
2,310,506 3.122,022,423
Asahi Kasei Corp 422,000 2,408,677 3.26JPY 2,516,343Japan
Astellas Pharma Inc 56,087 2,609,173 3.52JPY 2,101,441Daiichi Sankyo Co Ltd 180,600 2,262,557 3.06JPY 2,467,859Eisai Co Ltd 90,200 2,586,008 3.50JPY 2,652,207Osaka Gas Co Ltd 857,000 2,598,444 3.51JPY 2,516,827Takeda Pharmaceutical Co Ltd 74,400 2,592,847 3.51JPY 2,630,878Tokyo Gas Co Ltd 703,000 2,617,109 3.53JPY 2,785,678
17,674,815 23.8917,671,233
Tenaris SA 159,586 2,652,319 3.59EUR 2,710,280Luxembourg
2,652,319 3.592,710,280
Repsol SA 134,317 2,334,429 3.16EUR 2,515,251Spain
2,334,429 3.162,515,251
Transocean Ltd 70,488 2,262,223 3.06USD 2,729,863Switzerland
2,262,223 3.062,729,863
Amgen Inc 28,776 2,538,212 3.43USD 2,519,444United States
Apache Corp 39,823 2,370,097 3.20USD 2,490,530Broadcom Corp -A- 116,454 2,569,924 3.47USD 2,516,513Chevron Corp 27,719 2,294,518 3.10USD 2,482,177Cisco Systems Inc 154,763 2,514,447 3.40USD 2,377,191ConocoPhillips 49,262 2,372,598 3.21USD 2,358,147
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum Branchen Stars
121
Quantity
Eli Lilly & Co 66,117 2,648,014 3.58USD 2,400,870
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
United States (continued)
Exelon Corp 126,411 2,718,414 3.68USD 2,876,052Johnson & Johnson 36,130 2,370,265 3.20USD 2,458,371Marathon Oil Corp 99,054 2,408,499 3.26USD 2,537,169Medtronic Inc 57,620 2,416,660 3.27USD 1,999,193Merck 69,061 2,712,663 3.67USD 2,257,707National Oilwell Varco Inc 44,000 2,447,399 3.31USD 2,456,615Occidental Petroleum Corp 36,050 2,340,958 3.16USD 2,360,202Pfizer Inc 110,548 2,492,054 3.37USD 2,164,603
37,214,722 50.3136,254,784
Total - Shares 74,759,319 101.0773,777,886
Total - Transferable securities admitted to an official stock exchangelisting
74,759,319 101.0773,777,886
TOTAL INVESTMENT PORTFOLIO 74,759,319 101.0773,777,886
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Branchen Stars
122
Quantity
BASF SE 19,092 1,518,387 6.99EUR 1,235,283
Transferable securities admitted to an official stock exchange listing
Shares
Germany
Bayer 14,926 1,461,106 6.73EUR 1,020,146BMW Bayerische Motoren Werke AG 17,633 1,425,099 6.56EUR 1,256,537Continental AG 9,241 1,476,250 6.80EUR 813,861Deutsche Post AG Bonn 56,911 1,460,905 6.73EUR 979,647E.ON 110,669 1,490,711 6.86EUR 1,679,008Fresenius AG 12,878 1,489,341 6.86EUR 1,260,820Fresenius Medical Care AG 28,545 1,490,049 6.86EUR 1,410,095Heidelbergcement AG 25,895 1,430,699 6.59EUR 1,490,257Hochtief AG 23,203 1,372,225 6.32EUR 1,263,686K+S AG 61,144 1,350,671 6.22EUR 1,587,087Linde AG 10,069 1,414,695 6.51EUR 1,468,106Merck KGaA 11,338 1,305,571 6.01EUR 1,061,423RWE AG Essen -A- 56,046 1,537,902 7.07EUR 1,582,943Siemens AG 14,982 1,407,709 6.48EUR 1,438,272
21,631,320 99.5919,547,171
Total - Shares 21,631,320 99.5919,547,171
Total - Transferable securities admitted to an official stock exchangelisting
21,631,320 99.5919,547,171
TOTAL INVESTMENT PORTFOLIO 21,631,320 99.5919,547,171
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI Germany
123
Telenet Group Holding 59,643 3,543,011 2.32EUR 3,033,402
Transferable securities admitted to an official stock exchange listing
Shares
Belgium
3,543,011 2.323,033,402
Assured Guaranty Ltd 31,300 661,995 0.44USD 668,191Bermuda Islands
Energy Xxi / Unrestricted 20,000 459,000 0.30USD 565,477
1,120,995 0.741,233,668
Michelin -B- 18,900 1,996,188 1.31EUR 1,624,643France
Vivendi 71,900 1,933,397 1.27EUR 1,858,833
3,929,585 2.583,483,476
Fresenius AG 6,000 935,759 0.61EUR 668,400Germany
Lanxess AG 10,900 716,586 0.47EUR 742,818
1,652,345 1.081,411,218
Monitise 2,045,000 2,234,969 1.47GBP 1,411,594Great Britain
2,234,969 1.471,411,594
Tetragon Financial Group Ltd 234,905 2,466,503 1.62USD 2,132,210Guernsey
2,466,503 1.622,132,210
AIA Group 266,800 1,228,374 0.81HKD 1,040,417Hong Kong
1,228,374 0.811,040,417
Actavis Plc 2,100 396,858 0.26USD 382,311Ireland
XL Group 49,900 1,434,126 0.94USD 1,217,724
1,830,984 1.201,600,035
Altisource Portfolio Solutions 11,000 1,438,140 0.94USD 664,021Luxembourg
1,438,140 0.94664,021
Lyondellbasell Ind NV -A- 28,600 2,252,536 1.48USD 1,921,278Netherlands
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
124
Reed Elsevier NV 14,700 303,104 0.20EUR 166,671
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Netherlands (continued)
2,555,640 1.682,087,949
Amadeus It Holding Sr. -A- 9,600 380,032 0.25EUR 171,672Spain
380,032 0.25171,672
Tele2 Ak B 57,500 634,183 0.42SEK 739,759Sweden
634,183 0.42739,759
Transocean Ltd 34,600 1,497,488 0.98USD 1,602,621Switzerland
1,497,488 0.981,602,621
AIG 88,800 4,258,848 2.79USD 3,356,727United States
American Capital Ltd 4,800 74,928 0.05USD 75,867Atlas Energy Partnership Units 51,000 2,415,870 1.58USD 1,800,464Atlas Pipeline Partnership 58,900 1,969,027 1.29USD 1,895,968Atlas Resource Partnership Lp 83,742 1,880,845 1.23USD 1,804,097Boston Scientific Corp 114,300 1,546,479 1.01USD 684,199Caesars Acquisition Co 33,466 442,755 0.29USD 289,146Caesars Entertainment Corp /New 85,300 1,877,453 1.23USD 1,643,939Cameron International Corp 21,700 1,301,349 0.85USD 1,216,574Capital One Financial Corp 22,700 1,602,847 1.05USD 1,311,839Chimera Investment Corp 893,400 2,787,408 1.83USD 2,629,932Citigroup Inc 61,700 2,926,431 1.92USD 2,962,248Cobalt Intl Energy Inc 40,800 667,896 0.44USD 674,116Comcast Corp /-A- Special 18,200 952,770 0.62USD 819,340Denbury Resources Inc 79,800 1,282,386 0.84USD 1,273,465Dish Network Corp -A- 60,700 3,422,266 2.24USD 2,442,852E Trade Financial Corp 67,200 1,345,344 0.88USD 547,669Eastman Chemical Co 30,300 2,362,188 1.55USD 2,060,546Ebay Inc 44,200 2,351,440 1.54USD 2,365,408Freeport Mcmoran Copper & Gold 43,800 1,419,558 0.93USD 1,331,360Gam & Leir Prpr /Rei 37,500 1,301,250 0.85USD 1,520,785Gannett Co Inc 16,000 440,480 0.29USD 444,761General Motors 24,300 876,744 0.58USD 930,098Halliburton Co 55,800 2,734,758 1.79USD 2,222,250Harbinger Group 97,500 1,158,300 0.76USD 951,627Hca Holdings Inc 40,600 2,040,962 1.34USD 1,710,530Interconexch Gr 5,618 1,172,982 0.77USD 499,102
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
125
JPMorgan Chase & Co 23,000 1,273,280 0.84USD 1,352,596
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
United States (continued)
Kar Auction Services 45,700 1,271,374 0.83USD 1,322,198Kinder Morgan Inc 56,800 1,931,768 1.27USD 1,849,736KKR Financial Holdings Llc 175,800 2,127,180 1.40USD 1,898,173KKR Partnership Units 6,300 151,893 0.10USD 107,068Lin Media Llc Shs 59,000 1,457,890 0.96USD 1,102,993Linn Energy Llc /partnership 35,600 1,168,392 0.77USD 1,275,728Loral Space & Communications Inc 8,558 636,287 0.42USD 532,945McKesson Corp 9,700 1,691,777 1.11USD 1,204,260Motorola Solutions 51,300 3,272,940 2.15USD 2,896,368New Residential Invest Corp (Wi) 274,000 1,739,900 1.14USD 1,780,548Newcastle Investment Corp 175,200 953,088 0.63USD 913,871Pennymac Mortgage Investmen 31,800 748,890 0.49USD 691,295Phillips-van Heusen Corp 4,400 531,828 0.35USD 527,700Qualcomm Inc 34,800 2,582,856 1.69USD 2,193,415Realogy Holdings Corp Shs 33,400 1,522,038 1.00USD 1,506,344Sandridge Energy Inc 720,500 4,431,075 2.91USD 4,194,641Sirius Xm Holdings Inc 384,300 1,375,794 0.90USD 1,099,350Slm Corp 160,500 3,652,980 2.40USD 2,658,855Sprint Corp 662,887 5,482,076 3.59USD 4,462,242Sunedison Shs 129,600 1,802,736 1.18USD 1,579,115Supervalu Inc 17,500 101,150 0.07USD 78,291Thermo Fisher Scientific Inc 12,500 1,439,250 0.94USD 1,185,020T-Mobile US Inc 48,300 1,476,531 0.97USD 1,498,419United Continental Holdings 19,800 907,632 0.60USD 813,342Unitedhealth Group Inc 20,700 1,496,196 0.98USD 1,259,123Weyerhaeuser Co 37,300 1,114,524 0.73USD 1,115,333WPX Energy Inc 55,500 1,057,275 0.69USD 1,016,692
94,012,164 61.6581,580,570
Total - Shares 118,524,413 77.74102,192,612
iShares MSCI Mexico Capped 17,500 1,100,575 0.72USD 1,108,353
Investment funds
United States
Oxford Lane Capital Corp/Dis 2 35 0.00USD 36
1,100,610 0.721,108,389
Total - Investment funds 1,100,610 0.721,108,389
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
126
Kinder Morgan Inc 12-25/05/2017 22,340 65,903 0.04USD 39,585
Transferable securities admitted to an official stock exchange listing (continued)
Warrant
United States
65,903 0.0439,585
Total - Warrant 65,903 0.0439,585
Total - Transferable securities admitted to an official stock exchangelisting
119,690,926 78.50103,340,586
Gulf Coast Ultra Deep Royalty Trust 160,146 403,568 0.26USD 36,326
Transferable securities dealt in on another regulated market
Shares
United States
Tribune Company 41,900 3,121,550 2.05USD 2,783,523
3,525,118 2.312,819,849
Total - Shares 3,525,118 2.312,819,849
Fannie Mae /Pfd FRN 07-Perp 9,000 77,400 0.05USD 80,100
Bonds
United States
Freddie Mac /Pfd 5% 98-Perp 13,500 229,500 0.15USD 245,700Freddie Mac /Pfd 5.3% 98-Perp 5,400 91,800 0.06USD 96,660Freddie Mac /Pfd 5.66% 07-Perp 9,800 86,240 0.06USD 88,200Griffey Intr Inc/ Fin S 7% 12-15/10/2020 144A 40,000 31,200 0.02USD 31,300
516,140 0.34541,960
Total - Bonds 516,140 0.34541,960
Total - Transferable securities dealt in on another regulated market 4,041,258 2.653,361,809
Caesars Ent 11% 13-01/10/2021 144A 640,000 660,800 0.43USD 640,000
Other transferable securities
Bonds
United States
Energy 11.25% 12-01/12/2018 Pik 144A 212,250 142,208 0.09USD 173,819Energy 12.25% 12-01/03/2022 144A 1,610,000 1,865,587 1.23USD 1,841,259First Data Corp 11.75% 13-15/08/2021 144A 280,000 287,700 0.19USD 289,800First Data Holding 14.5% 13-24/09/2019 Pik 144A 1,600,000 1,491,392 0.98USD 1,488,528
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
127
First Data 11.75% 13-15/08/2021 144A 790,000 811,725 0.53USD 786,888
Other transferable securities (continued)
Bonds (continued)
United States (continued)
5,259,412 3.455,220,294
Total - Bonds 5,259,412 3.455,220,294
Total - Other transferable securities 5,259,412 3.455,220,294
TOTAL INVESTMENT PORTFOLIO 128,991,596 84.60111,922,688
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
128
Call E Trade Financial 19/04/2014 20 (20) (2,160) 0.00USD (2,379)
Transferable securities admitted to an official stock exchange listing
Options
Options - short
Call General Motors 22/03/2014 40 (243) (8,505) (0.01)USD (45,523)Call Sirius Xm Holdings 22/03/2014 4 (83) (415) 0.00USD (900)Call S&P 500 Indices 19/04/2014 1,890 (17) (12,410) (0.01)USD (29,188)Call S&P 500 Indices 20/09/2014 2,000 (145) (127,600) (0.08)USD (248,995)Call S&P 500 Indices 20/12/2014 2,050 (69) (71,070) (0.05)USD (127,991)Call S&P 500 Indices 20/12/2014 2,075 (164) (126,280) (0.08)USD (224,902)Call S&P 500 Indices 21/06/2014 1,975 (76) (30,400) (0.02)USD (83,369)Call S&P 500 Indices 22/03/2014 1,870 (17) (8,840) (0.01)USD (28,678)Put Atlas Energy Partnership 19/04/2014 44 (40) (6,520) 0.00USD (12,788)Put Cameron International Corp 17/05/2014 57.5 (27) (6,750) 0.00USD (9,818)Put Capital One Financial 21/06/2014 70 (37) (13,505) (0.01)USD (12,896)Put Eastman Chemical Co 22/03/2014 72.5 (10) (950) 0.00USD (3,171)Put Ebay Inc 19/04/2014 52.5 (88) (17,952) (0.01)USD (25,124)Put Realogy Holdings Corp Shs 21/06/2014 45 (24) (7,920) (0.01)USD (7,825)Put S&P 500 Indices 20/09/2014 1,450 (307) (614,000) (0.41)USD (498,239)Put S&P 500 Indices 20/09/2014 1,475 (62) (127,720) (0.08)USD (109,552)Put S&P 500 Indices 20/09/2014 1,550 (50) (155,000) (0.10)USD (189,848)Put S&P 500 Indices 20/12/2014 1,425 (78) (198,510) (0.14)USD (172,803)Put S&P 500 Indices 20/12/2014 1,450 (50) (157,500) (0.10)USD (179,848)Put S&P 500 Indices 21/06/2014 1,450 (122) (119,560) (0.08)USD (165,203)Put S&P 500 Indices 21/06/2014 1,600 (50) (119,500) (0.08)USD (154,848)Put S&P 500 Indices 22/03/2014 1,500 (97) (35,890) (0.02)USD (84,766)Put Thermo Fisher Scientific Inc 21/06/2014 95 (16) (1,520) 0.00USD (5,551)Put United Continental Holdings 22/03/2014 37 (30) (1,200) 0.00USD (9,478)Put United Continental Holdings 22/03/2014 38 (60) (2,760) 0.00USD (17,732)
Total Options - short (1,974,437) (1.30)(2,451,415)
Total Investment in options (1,974,437) (1.30)(2,451,415)
Total - Transferable securities admitted to an official stock exchangelisting
(1,974,437) (1.30)(2,451,415)
127,017,159 83.30109,471,274TOTAL INVESTMENTS
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Omega
129
Pfandbriefstelle Österreichische HypothekenbankFRN 05-15/06/2015
4,286,000 5,752,142 6.92EUR 5,776,088
Transferable securities admitted to an official stock exchange listing
Bonds
Austria
5,752,142 6.925,776,088
Caisse Française de Fin 1.8% 07-09/05/2017 270,000,000 2,773,308 3.34JPY 3,150,000France
2,773,308 3.343,150,000
Landesbank Berlin AG 3.25% 05-15/06/2015 2,730,000 3,824,440 4.60EUR 3,907,587Germany
Landesbank Hessen FRN 04-10/12/2015 /sub 6,400,000 8,545,056 10.29EUR 8,499,149Landesbank Hessen 5.5% 01-21/12/2015 2,200,000 3,215,271 3.87EUR 3,248,247Norddeutsche Landesbank 6.34% 00-16/03/2015/sub
5,700,000 8,188,306 9.85EUR 9,337,598
23,773,073 28.6124,992,581
Nationwide Building Society 3.50% 05-07/12/2015Emtn
1,650,000 2,338,252 2.81EUR 2,271,374Great Britain
2,338,252 2.812,271,374
German Postal Pensions Securitisation Plc 3.375%05-18/01/2016
3,300,000 4,713,881 5.67EUR 4,590,701Ireland
4,713,881 5.674,590,701
Bancapulia 3.75% 05-01/08/2015 1,300,000 1,820,918 2.19EUR 1,858,167Italy
1,820,918 2.191,858,167
Europäische Hypothekenbank SA Luxembourg FRN07-20/03/2017 Emtn
17,800,000 16,820,635 20.25USD 16,964,902Luxembourg
Norddeutsche Landesbank Covered Finance BankSA 0.90% 07-14/12/2015 Emtn
1,440,000,000 14,261,220 17.17JPY 14,064,235
31,081,855 37.4231,029,137
Achmea Hypotheekbank NV 4.25% 07-26/02/2014 1,900,000 2,569,100 3.09EUR 2,792,688Netherlands
2,569,100 3.092,792,688
AYT Cedulas Cajas Global 4.00% 06-20/12/2016 2,000,000 2,846,389 3.43EUR 2,877,500Spain
AYT Cedulas Cajas VIII Fondo De Titulizacion DeActivos 4.00% 04-18/11/2014
5,400,000 7,441,590 8.96EUR 6,754,612
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum Commodity USD
130
Banco Bilbao Vizcaya Argentaria SA 4.25% 04-15/07/2014
5,500,000 7,533,970 9.07EUR 8,000,603
Transferable securities admitted to an official stock exchange listing (continued)
Bonds (continued)
Spain (continued)
Banco Popular Espanol 4.25% 04-12/02/2014Ced.1
2,500,000 3,374,332 4.06EUR 3,762,941
Banco Sabadell SA 4.25% 06-24/01/2017 3,500,000 5,020,902 6.04EUR 4,875,697
26,217,183 31.5626,271,353
Total - Bonds 101,039,712 121.61102,732,089
Total - Transferable securities admitted to an official stock exchangelisting
101,039,712 121.61102,732,089
UniCredit Bank Austria AG 7.25% 97-15/02/2017144A
5,000,000 5,701,506 6.86USD 5,883,500
Transferable securities dealt in on another regulated market
Bonds
Austria
5,701,506 6.865,883,500
Total - Bonds 5,701,506 6.865,883,500
Total - Transferable securities dealt in on another regulated market 5,701,506 6.865,883,500
TOTAL INVESTMENT PORTFOLIO 106,741,218 128.47108,615,589
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum Commodity USD
131
Hypo Noe Gruppe Bank AG FRN 11-27/06/2014 700,000 944,090 11.14EUR 997,229
Transferable securities admitted to an official stock exchange listing
Bonds
Austria
944,090 11.14997,229
Landesbank Berlin AG 3.25% 05-15/06/2015 1,000,000 1,400,894 16.53EUR 1,328,712Germany
1,400,894 16.531,328,712
GE Capital UK 5.625% 04-12/12/2014 420,000 716,023 8.45GBP 863,362Ireland
German Postal Pensions Securitisation Plc 3.375%05-18/01/2016
450,000 642,802 7.59EUR 643,320
1,358,825 16.041,506,682
Europäische Hypothekenbank SA Luxembourg FRN07-20/03/2017 Emtn
2,300,000 2,173,453 25.64USD 2,238,823Luxembourg
Norddeutsche Landesbank Covered Finance BankSA 0.90% 07-14/12/2015 Emtn
170,000,000 1,683,616 19.87JPY 1,923,370
3,857,069 45.514,162,193
Achmea Hypotheekbank NV 4.25% 07-26/02/2014 300,000 405,647 4.79EUR 434,348Netherlands
405,647 4.79434,348
AYT Cedulas Cajas VI Fondo De Titulizacion DeActivos 4.00% 04-07/04/2014
200,000 271,128 3.20EUR 282,144Spain
Banco Bilbao Vizcaya Argentaria SA 4.25% 04-15/07/2014
600,000 821,888 9.70EUR 854,514
1,093,016 12.901,136,658
Total - Bonds 9,059,541 106.919,565,822
Total - Transferable securities admitted to an official stock exchangelisting
9,059,541 106.919,565,822
TOTAL INVESTMENT PORTFOLIO 9,059,541 106.919,565,822
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
Face value
The accompanying notes form an integral part of these financial statements.
DB Platinum EMLINTM Sovereign Bond Fund
132
Quantity
Erste Group Bank AG 53,488 1,444,443 3.26EUR 1,482,152
Transferable securities admitted to an official stock exchange listing
Shares
Austria
OMV AG 53,726 1,724,605 3.89EUR 1,815,939
3,169,048 7.153,298,091
Ageas NV 21,365 681,009 1.54EUR 679,407Belgium
KBC Groep NV 35,000 1,534,925 3.46EUR 1,544,900
2,215,934 5.002,224,307
Aareal Bank AG 54,806 1,498,396 3.38EUR 1,499,766Germany
Adidas AG 7,412 614,381 1.39EUR 627,055Allianz SE/Nam.Vinkulier 4,769 590,402 1.33EUR 591,833Bayer 18,624 1,823,103 4.11EUR 1,825,152Beiersdorf AG 27,478 2,017,984 4.56EUR 2,025,129BMW Bayerische Motoren Werke AG 24,069 1,945,257 4.39EUR 1,945,497Brenntag 10,635 1,361,280 3.07EUR 1,373,510Deutsche Post AG Bonn 51,341 1,317,923 2.97EUR 1,322,031Deutz AG 184,752 1,362,546 3.07EUR 1,357,927Drillisch AG 72,611 1,655,894 3.73EUR 1,587,276E.ON 89,123 1,200,487 2.71EUR 1,167,066Freenet AG 28,008 633,961 1.43EUR 630,180Fresenius Medical Care AG 29,481 1,538,908 3.47EUR 1,553,649Kion Group 19,500 662,025 1.49EUR 663,000Lanxess AG 30,441 1,483,999 3.35EUR 1,482,172Merck KGaA 9,598 1,105,210 2.49EUR 1,120,087Metro AG 60,077 1,837,755 4.14EUR 1,867,494Nordex SE Rostock/Konv 49,787 493,140 1.11EUR 483,482Porsche AG Holding/Pref 23,037 1,672,717 3.77EUR 1,690,225Symrise AG 60,000 2,027,101 4.58EUR 2,033,999
26,842,469 60.5426,846,530
Aegon NV 228,031 1,479,237 3.34EUR 1,482,202Netherlands
Akzo Nobel NV 7,779 415,476 0.94EUR 420,377ASM International Reg NV 50,529 1,255,646 2.83EUR 1,283,689Delta Lloyd 80,338 1,533,251 3.46EUR 1,511,961Koninklijke Ahold NV 133,266 1,647,834 3.72EUR 1,653,831Koninklijke Philips Electronics NV 70,121 1,811,927 4.08EUR 1,789,138Postnl 415,535 1,729,872 3.90EUR 1,697,460
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum Agriculture Euro
133
Quantity
SBM Offshore NV 112,627 1,610,566 3.63EUR 1,622,392
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Netherlands (continued)
11,483,809 25.9011,461,050
Total - Shares 43,711,260 98.5943,829,978
Total - Transferable securities admitted to an official stock exchangelisting
43,711,260 98.5943,829,978
TOTAL INVESTMENT PORTFOLIO 43,711,260 98.5943,829,978
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Agriculture Euro
134
Quantity
Erste Group Bank AG 170,419 4,602,165 3.70EUR 4,722,311
Transferable securities admitted to an official stock exchange listing
Shares
Austria
OMV AG 111,528 3,580,049 2.88EUR 3,769,646
8,182,214 6.588,491,957
Ageas NV 106,640 3,399,150 2.73EUR 3,391,152Belgium
KBC Groep NV 119,675 5,248,347 4.22EUR 5,282,455
8,647,497 6.958,673,607
Aareal Bank AG 157,041 4,293,501 3.45EUR 4,297,427Germany
Adidas AG 47,822 3,963,966 3.19EUR 4,045,741Allianz SE/Nam.Vinkulier 45,278 5,605,416 4.50EUR 5,618,999Bayer 60,855 5,957,096 4.78EUR 5,963,789Beiersdorf AG 29,247 2,147,900 1.73EUR 2,155,504BMW Bayerische Motoren Werke AG 50,601 4,089,573 3.29EUR 4,090,079Brenntag 29,227 3,741,056 3.01EUR 3,774,667Deutsche Post AG Bonn 200,622 5,149,967 4.14EUR 5,166,017Deutsche Telekom AG 274,243 3,290,916 2.65EUR 3,359,477Deutz AG 699,457 5,158,495 4.15EUR 5,141,008E.ON 324,312 4,368,483 3.51EUR 4,246,866Freenet AG 222,794 5,042,942 4.05EUR 5,012,865Fresenius Medical Care AG 72,721 3,796,036 3.05EUR 3,832,397Kuka Aktiengesellschaft 35,358 1,256,800 1.01EUR 1,245,132Lanxess AG 55,007 2,681,591 2.16EUR 2,678,291Leg Immobilien 60,739 2,681,323 2.16EUR 2,678,286Merck KGaA 28,445 3,275,442 2.63EUR 3,319,532Metro AG 25,248 772,336 0.62EUR 784,834Münchener Rückversicherung /Namensaktie 30,693 4,700,633 3.78EUR 4,668,405Nordex SE Rostock/Konv 415,060 4,111,169 3.30EUR 4,030,648Norma Group 94,323 3,781,881 3.04EUR 3,827,156SAP AG 69,931 3,962,290 3.18EUR 3,967,186
83,828,812 67.3883,904,306
Aegon NV 412,064 2,673,059 2.15EUR 2,678,416Netherlands
Akzo Nobel NV 49,561 2,647,053 2.13EUR 2,678,276Heineken NV 85,724 3,879,868 3.12EUR 3,966,449Koninklijke Philips Electronics NV 197,089 5,092,781 4.08EUR 5,028,727Postnl 1,011,733 4,211,844 3.39EUR 4,132,929SBM Offshore NV 143,654 2,054,252 1.65EUR 2,069,336
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum PWM CROCI Multi Fund
135
Quantity
USG People NV 156,880 1,827,652 1.47EUR 1,830,005
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Netherlands (continued)
22,386,509 17.9922,384,138
Total - Shares 123,045,032 98.90123,454,008
Total - Transferable securities admitted to an official stock exchangelisting
123,045,032 98.90123,454,008
TOTAL INVESTMENT PORTFOLIO 123,045,032 98.90123,454,008
(expressed in EUR) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum PWM CROCI Multi Fund
136
Quantity
BHP Billiton Ltd 272,715 8,701,606 1.94AUD 9,214,388
Transferable securities admitted to an official stock exchange listing
Shares
Australia
Origin Energy Ltd 478,777 5,839,906 1.31AUD 5,923,659Woodside Petroleum Ltd 178,114 5,809,019 1.30AUD 6,163,361
20,350,531 4.5521,301,408
A.P. Moeller - Maersk A/S B 597 6,657,135 1.49DKK 6,119,237Denmark
6,657,135 1.496,119,237
Fortum Corporation 270,172 5,811,230 1.30EUR 5,838,077Finland
5,811,230 1.305,838,077
Kering Act. 29,694 5,928,491 1.33EUR 6,072,492France
LVMH Moet Hennessy 34,322 6,116,554 1.37EUR 6,002,351Michelin -B- 56,574 5,975,257 1.34EUR 5,569,662Sanofi-Aventis SA 88,328 8,671,552 1.93EUR 8,641,635Total SA 155,065 8,853,841 1.97EUR 8,506,612
35,545,695 7.9434,792,752
Siemens AG 22,235 2,817,391 0.63EUR 3,051,453Germany
2,817,391 0.633,051,453
Astrazeneca Plc 157,166 9,966,292 2.24GBP 8,221,565Great Britain
BAE Systems Plc 1,258,295 8,873,552 1.98GBP 8,956,497BP Plc 1,156,232 9,083,001 2.03GBP 8,583,981British Sky Broadcasting Group 669,399 9,637,084 2.15GBP 9,085,346Centrica Plc 1,695,826 8,673,160 1.94GBP 9,339,640Glaxosmithkline Plc 346,827 8,914,688 1.99GBP 8,715,182Imperial Tobacco 249,740 9,123,975 2.04GBP 9,060,116Rio Tinto Plc /Reg 172,476 9,193,885 2.05GBP 8,298,148SSE Plc 280,000 6,014,370 1.34GBP 6,099,771
79,480,007 17.7676,360,246
Seagate Technology Plc 59,100 3,124,026 0.70USD 3,076,838Ireland
3,124,026 0.703,076,838
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI Global Dividends
137
Quantity
Astellas Pharma Inc 101,400 6,361,298 1.42JPY 5,691,909
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Japan
Canon Inc 290,100 8,550,672 1.91JPY 9,633,070Daiichi Sankyo Co Ltd 488,300 8,249,650 1.84JPY 8,656,386Eisai Co Ltd 232,700 8,996,772 2.01JPY 9,329,083Japan Tobacco Inc 185,300 5,808,735 1.30JPY 6,216,178Kirin Holdings Co Ltd 625,000 8,616,460 1.93JPY 9,076,006Ntt Docomo Inc 561,100 9,149,474 2.04JPY 8,916,656Takeda Pharmaceutical Co Ltd 189,300 8,896,549 1.99JPY 8,986,713Tokyo Gas Co Ltd 622,000 3,122,654 0.70JPY 3,048,232
67,752,264 15.1469,554,233
Glencore Xstrata Plc 1,162,408 6,160,909 1.38GBP 5,957,721Jersey
6,160,909 1.385,957,721
Koninklijke Ahold NV 513,406 8,560,953 1.91EUR 8,421,712Netherlands
8,560,953 1.918,421,712
Statoil ASA 264,393 6,246,487 1.40NOK 6,065,889Norway
6,246,487 1.406,065,889
Keppel Corp Ltd 688,000 5,597,871 1.25SGD 5,988,765Singapore
5,597,871 1.255,988,765
Atlas Copco Ab -A- 332,928 9,052,738 2.02SEK 9,055,760Sweden
Ericsson Tel. -B- 749,296 9,156,997 2.05SEK 9,010,072Sandvik -AB- 663,327 9,312,212 2.08SEK 9,343,610
27,521,947 6.1527,409,442
ABB Ltd Zuerich 356,628 8,907,330 1.99CHF 8,457,760Switzerland
Novartis AG Basel 114,627 9,087,635 2.03CHF 8,216,325Roche Holding AG 33,102 9,112,047 2.04CHF 7,985,985Syngenta AG /Na 23,243 8,240,849 1.84CHF 9,226,130Transocean Ltd 125,368 5,425,927 1.21USD 5,937,812
40,773,788 9.1139,824,012
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI Global Dividends
138
Quantity
Abbvie Inc 63,310 3,116,751 0.70USD 2,986,963
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
United States
Apple Computer Inc 11,200 5,606,720 1.25USD 5,571,709Baxter Intl Inc 45,000 3,073,500 0.69USD 3,062,617Chevron Corp 75,500 8,428,065 1.88USD 8,942,837Cisco Systems Inc 422,700 9,261,357 2.07USD 9,628,344Coach Inc 166,100 7,954,529 1.78USD 9,086,084ConocoPhillips 128,300 8,333,085 1.86USD 8,453,449Eli Lilly & Co 176,088 9,510,513 2.13USD 8,830,699Genuine Parts Co 36,800 3,026,800 0.68USD 3,045,814Intel Corp 359,755 8,828,388 1.97USD 8,393,910Johnson & Johnson 96,842 8,567,612 1.91USD 8,110,217Kla Tencor Corporation 144,225 8,865,511 1.98USD 8,191,559Kohl's Corp 168,108 8,511,308 1.90USD 8,461,596Merck 182,733 9,679,366 2.17USD 8,617,591Microsoft Corp 243,312 9,209,359 2.06USD 7,895,176Occidental Petroleum Corp 96,925 8,487,722 1.90USD 8,436,269Pfizer Inc 289,817 8,810,437 1.97USD 8,214,554
129,271,023 28.90125,929,388
Total - Shares 445,671,257 99.61439,691,173
Total - Transferable securities admitted to an official stock exchangelisting
445,671,257 99.61439,691,173
TOTAL INVESTMENT PORTFOLIO 445,671,257 99.61439,691,173
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI Global Dividends
139
Erste Group Bank AG 5,208 189,663 0.69EUR 201,232
Transferable securities admitted to an official stock exchange listing
Shares
Austria
Raiffeisen Bank Intl AG 8,314 319,537 1.16EUR 299,359
509,200 1.85500,591
Ageas NV 8,130 349,468 1.27EUR 285,140Belgium
Anheuser Busch Inbev SA 2,002 191,821 0.70EUR 202,935
541,289 1.97488,075
Nokia Oyj 88,877 616,654 2.24EUR 565,081Finland
Wartsila Corporation -B- 6,462 350,926 1.28EUR 352,917
967,580 3.52917,998
Bayer 5,159 681,038 2.49EUR 596,268Germany
Beiersdorf AG 4,480 443,688 1.61EUR 396,144Commerzbank Akt. Nach Kap 17,437 296,873 1.08EUR 257,693Continental AG 1,570 338,226 1.23EUR 225,992Daimler AG / Namen-Akt. 6,198 519,303 1.89EUR 498,775Deutsche Telekom AG 15,917 257,578 0.94EUR 200,993E.ON 10,977 199,397 0.73EUR 205,576Porsche AG Holding/Pref 3,006 294,342 1.07EUR 303,681Volkswagen AG /Vorzug. 1,141 289,352 1.05EUR 276,281
3,319,797 12.092,961,403
Otp Bank Ltd 12,814 234,703 0.85HUF 262,385Hungary
234,703 0.85262,385
Enel SPA 64,553 294,936 1.07EUR 273,743Italy
Unicredit AZ SPA 33,507 252,137 0.92EUR 227,032
547,073 1.99500,775
Daifuku Co Ltd 2,000 24,160 0.09JPY 24,218Japan
Fanuc Corp Shs 100 16,444 0.06JPY 16,778Fuji Media Holdings Inc 500 9,482 0.03JPY 10,251Fujitsu Ltd 4,000 22,670 0.08JPY 17,931Haseko Corp 3,000 22,797 0.08JPY 21,885Hoya Corp 900 25,089 0.09JPY 22,782Jafco Co Ltd 200 10,982 0.04JPY 10,433
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
140
Jfe Holdings Inc 900 19,062 0.07JPY 21,372
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Japan (continued)
Lixil Group Shs 900 23,571 0.09JPY 22,194Mitsubishi Electric Corp 1,000 11,551 0.04JPY 11,634Mitsui Engin. + Shipbuild 11,000 21,895 0.08JPY 22,475Mitsui Fudosan Co 1,000 32,250 0.12JPY 34,613Mitsui O.S.K. Lines Ltd Tokyo 2,000 8,354 0.03JPY 8,966Mizuho Financial Group Inc 18,500 39,726 0.14JPY 39,811Nippon Sheet Glass Co 6,000 7,942 0.03JPY 7,180Nomura Holdings Inc 1,900 13,507 0.05JPY 15,162Softbank 400 29,663 0.11JPY 31,820Sumitomo Mitsui Trust Holdings 12,000 58,245 0.22JPY 51,484Sumitomo Realty + Develpmn 1,000 45,026 0.16JPY 47,372
442,416 1.61438,361
RTL Group SA 3,475 424,571 1.54EUR 259,112Luxembourg
424,571 1.54259,112
ING Groep NV 24,656 327,179 1.19EUR 282,320Netherlands
Koninklijke Philips Electronics NV 12,634 440,251 1.60EUR 420,022Postnl 81,196 455,835 1.66EUR 449,147
1,223,265 4.451,151,489
Algeta 765 43,761 0.16NOK 44,613Norway
43,761 0.1644,613
Yoma St Hldg 24,000 13,707 0.05SGD 16,144Singapore
13,707 0.0516,144
Hexagon Ab B 15,769 501,286 1.82SEK 475,980Sweden
Kinnevik Investments Ab -B- 7,823 307,365 1.12SEK 325,982Scania Ab B 15,704 321,938 1.17SEK 315,723
1,130,589 4.111,117,685
ABB Ltd Zuerich 19,992 499,331 1.82CHF 511,050Switzerland
Adecco /Act.Nom. 3,104 244,543 0.89CHF 215,294Credit Suisse Group /Nom. 12,955 391,947 1.43CHF 423,837Givaudan SA /Reg. 181 268,207 0.98CHF 237,062
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
141
Novartis AG Basel 8,839 700,756 2.56CHF 627,866
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
Switzerland (continued)
Syngenta AG /Na 1,436 509,137 1.85CHF 556,841UBS AG/Namensaktien 34,927 693,796 2.52CHF 614,517
3,307,717 12.053,186,467
Reynolds American Inc 3,200 155,200 0.56USD 156,624United States
155,200 0.56156,624
Total - Shares 12,860,868 46.8012,001,722
Ireland 3.4% 14-18/03/2024 425,000 578,063 2.10EUR 581,024
Bonds
Ireland
578,063 2.10581,024
Portugal 4.2% 06-15/10/2016 144A 109,000 153,607 0.56EUR 144,497Portugal
Portugal 4.45% 08-15/06/2018 144A 367,000 513,095 1.87EUR 489,045
666,702 2.43633,542
Total - Bonds 1,244,765 4.531,214,566
Lyxor Gold Bullion Securities 889 106,173 0.39USD 119,717
Investment funds
Jersey
106,173 0.39119,717
Total - Investment funds 106,173 0.39119,717
Total - Transferable securities admitted to an official stock exchangelisting
14,211,806 51.7213,336,005
Germany 0% 13-14/05/2014 TB 10,000 13,484 0.05EUR 13,405
Transferable securities dealt in on another regulated market
Treasury bills
Germany
Germany 0% 13-16/04/2014 TB 10,000 13,484 0.04EUR 13,583Germany 0% 13-26/11/2014 TB 10,000 13,480 0.05EUR 13,706Germany 0% 13-28/05/2014 TB 10,000 13,484 0.05EUR 13,138
53,932 0.1953,832
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
142
USA 0% 13-01/05/2014 TB 10,000 9,999 0.04USD 9,989
Transferable securities dealt in on another regulated market (continued)
Treasury bills (continued)
United States
USA 0% 13-03/04/2014 TB 10,000 10,000 0.04USD 9,992USA 0% 13-06/03/2014 TB 10,000 9,999 0.03USD 9,993USA 0% 13-24/07/2014 TB 10,000 9,998 0.04USD 9,989
39,996 0.1539,963
Total - Treasury bills 93,928 0.3493,795
Total - Transferable securities dealt in on another regulated market 93,928 0.3493,795
Osram Licht 2,407 141,021 0.51EUR 149,401
Other transferable securities
Shares
Germany
141,021 0.51149,401
Total - Shares 141,021 0.51149,401
Right Raiffeisen 07/02/2014 8,314 0.00 0.00EUR 0.00
Rights
Austria
0.00 0.000.00
Total rights 0.00 0.000.00
Total - Other transferable securities 141,021 0.51149,401
TOTAL INVESTMENT PORTFOLIO 14,446,755 52.5713,579,201
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
143
Call BG Group Plc 20/06/2014 12 27 6,656 0.02GBP 10,189
Transferable securities admitted to an official stock exchange listing
Options
Options - long
Call Bouygues 19/09/2014 32 81 12,016 0.04EUR 11,749Call BP Plc 20/06/2014 5.2 110 8,135 0.03GBP 13,169Call Cie Financiere Richemont 21/02/2014 92 42 1,067 0.00CHF 6,480Call E.On SE 21/03/2014 15 210 3,115 0.01EUR 12,396Call Ericsson Tel B 21/03/2014 80 432 18,016 0.07SEK 18,267Call Euro Stoxx 50 Pr 19/12/2014 3,250 73 75,900 0.28EUR 121,867Call Imp Tobacco 19/09/2014 240 9 11,241 0.04GBP 16,336Call Ishares Ftse A50 C 28/03/2014 11 134 863 0.00HKD 18,075Call Peugeot SA 20/06/2014 13 931 85,374 0.32EUR 89,429Call Peugeot SA 20/06/2014 16 228 5,842 0.02EUR 26,434Call RWE 21/03/2014 30 110 5,637 0.02EUR 12,925Call Scania Ab B 19/09/2014 140 153 13,743 0.05SEK 13,713Call Thyssenkrupp AG 20/06/2014 20 124 16,722 0.06EUR 26,958Call Thyssenkrupp AG 20/06/2014 22 360 21,847 0.08EUR 33,812Call Thyssenkrupp AG 21/03/2014 20 126 8,666 0.03EUR 20,857Call Thyssenkrupp AG 21/03/2014 22 474 8,949 0.03EUR 31,373Call Unilever Plc 20/06/2014 26 8 2,827 0.01GBP 4,828Call Volvo B 19/06/2014 90 318 15,156 0.06SEK 15,700Put Euro Stoxx 50 Pr 19/09/2014 3,050 121 371,547 1.36EUR 273,059
Total Options - long 693,319 2.53777,616
Put Anglo American Plc 20/06/2014 1,300 (14) (16,681) (0.06)GBP (23,579)Options - short
Put BG Group Plc 20/06/2014 10 (17) (16,763) (0.06)GBP (9,509)Put Euro Stoxx 50 Pr 19/09/2014 2,750 (242) (342,340) (1.24)EUR (231,937)Put Imp Tobacco 19/09/2014 200 (9) (9,023) (0.03)GBP (5,679)Put Scania Ab B 19/09/2014 100 (306) (2,384) (0.01)SEK (7,272)Put Thyssenkrupp AG 19/12/2014 18 (60) (12,622) (0.05)EUR (20,100)Put Volvo B 19/06/2014 70 (426) (5,011) (0.02)SEK (10,419)
Total Options - short (404,824) (1.47)(308,495)
Total Investment in options 288,495 1.06469,121
Total - Transferable securities admitted to an official stock exchangelisting
288,495 1.06469,121
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
144
Put Fut-Euro Schatz-Ma 21/02/2014 110.5 21 708 0.00EUR 850
Transferable securities dealt in on another regulated market
Options
Options - long
Total Options - long 708 0.00850
Total Investment in options 708 0.00850
Total - Transferable securities dealt in on another regulated market 708 0.00850
Call USD/AUD Spot Cross 13/03/2014 1.176471 901,595 3,035 0.01USD 1,377
Other transferable securities
Options
Options - long
Call USD/CAD Spot Cross 08/04/2014 1.105 849,300 16,606 0.06USD 6,200Call USD/CAD Spot Cross 09/04/2014 1.1 531,500 1,235 0.00USD 1,143Call USD/CAD Spot Cross 21/03/2014 1.16 1,064,000 782 0.00USD 1,128Call USD/CHF Spot Cross 08/04/2014 0.9125 637,000 7,110 0.03USD 10,103Call USD/JPY Spot Cross 03/04/2014 104 594,100 4,605 0.02USD 10,902Call USD/JPY Spot Cross 03/04/2014 106 742,600 2,507 0.01USD 8,763Call USD/JPY Spot Cross 06/02/2014 105.25 530,800 21 0.00USD 531Put EUR/USD Spot Cross 07/02/2014 1.35 532,000 3,678 0.01EUR 2,677Put EUR/USD Spot Cross 27/02/2014 1.35 1,061,000 354 0.00EUR 2,806Put USD/CNY Spot Cross 19/11/2014 6.135 7,404,400 98,094 0.35USD 87,668Put USD/CNY Spot Cross 21/10/2014 6.166002 2,568,600 42,687 0.16USD 29,410Put USD/NZD Spot Cross 26/09/2014 2.4 20,000 1,571 0.01USD 2,596
Total Options - long 182,285 0.66165,304
Call EUR/USD Spot Cross 07/02/2014 1.38 (532,000) (63) 0.00EUR (1,085)Options - short
Call USD/CAD Spot Cross 08/04/2014 1.13 (849,300) (7,351) (0.03)USD (2,548)Call USD/CHF Spot Cross 08/04/2014 0.934 (1,274,000) (5,311) (0.02)USD (10,103)Call USD/CNY Spot Cross 19/11/2014 6.25 (7,404,400) (10,471) (0.04)USD (39,984)Call USD/JPY Spot Cross 07/02/2014 104.5 (848,700) (245) 0.00USD (2,122)Put USD/CAD Spot Cross 08/04/2014 1.04 (849,300) (191) 0.00USD (1,529)Put USD/CNY Spot Cross 19/11/2014 5.9 (7,404,400) (6,044) (0.02)USD (10,292)Put USD/JPY Spot Cross 07/02/2014 101.4 (848,700) (2,833) (0.01)USD (1,400)
Total Options - short (32,509) (0.12)(69,063)
Total Investment in options 149,776 0.5496,241
Total - Other transferable securities 149,776 0.5496,241
14,885,734 54.1714,145,412TOTAL INVESTMENTS
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum TT International
145
Quantity
Noble Corporation Plc 36,853 1,143,549 2.09USD 1,356,889
Transferable securities admitted to an official stock exchange listing
Shares
Great Britain
1,143,549 2.091,356,889
Eaton Corporation Public Ltd 19,380 1,416,484 2.59USD 1,289,506Ireland
1,416,484 2.591,289,506
Transocean Ltd 28,072 1,214,956 2.22USD 1,360,684Switzerland
1,214,956 2.221,360,684
Abbvie Inc 26,191 1,289,383 2.36USD 1,230,069United States
Altria Group 37,649 1,325,998 2.42USD 1,357,683Baxter Intl Inc 20,808 1,421,186 2.60USD 1,444,862Chevron Corp 11,255 1,256,396 2.30USD 1,351,573Cisco Systems Inc 66,949 1,466,853 2.67USD 1,551,888Coca-Cola Co 34,850 1,318,027 2.41USD 1,381,158Computer Associates Intl Inc 42,807 1,373,249 2.51USD 1,250,412Conagra Foods Inc 43,297 1,376,412 2.51USD 1,401,836ConocoPhillips 19,697 1,279,320 2.34USD 1,321,184Corning Inc 80,264 1,381,343 2.52USD 1,227,004Du Pont De Nem.& Co 22,738 1,387,245 2.53USD 1,289,598Eli Lilly & Co 27,720 1,497,157 2.73USD 1,414,420Emerson Electric Co 20,550 1,355,067 2.48USD 1,261,550Genuine Parts Co 16,845 1,385,501 2.53USD 1,364,883Hasbro Inc 26,522 1,302,761 2.38USD 1,376,264IBM 7,910 1,397,539 2.55USD 1,388,021Illinois Tool Works 17,748 1,399,785 2.56USD 1,365,293Intel Corp 55,773 1,368,669 2.50USD 1,308,964Johnson & Johnson 14,974 1,324,750 2.42USD 1,307,754Kla Tencor Corporation 22,740 1,397,828 2.55USD 1,331,543Kohl's Corp 25,256 1,278,711 2.34USD 1,313,844Marathon Oil Corp 37,877 1,241,987 2.27USD 1,362,765Mattel Inc 30,136 1,140,346 2.08USD 1,336,343Mcdonald S Corp 14,706 1,384,864 2.53USD 1,390,032Merck 28,686 1,519,496 2.77USD 1,368,816Microsoft Corp 36,696 1,388,944 2.54USD 1,244,373Northrop Grumman Corp 12,682 1,465,405 2.68USD 1,191,174Nvidia Corp 90,444 1,419,971 2.59USD 1,377,588Occidental Petroleum Corp 14,977 1,311,536 2.40USD 1,340,370Pepsico Inc 17,073 1,371,986 2.51USD 1,411,581Pfizer Inc 45,171 1,373,198 2.51USD 1,306,793
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI US Dividends
146
Quantity
Philip Morris International 16,367 1,278,917 2.34USD 1,413,752
Transferable securities admitted to an official stock exchange listing (continued)
Shares (continued)
United States (continued)
Publ.Serv.Enterprise 42,490 1,416,617 2.59USD 1,366,941Symantec Corp 61,256 1,311,491 2.40USD 1,375,824Target Corp 21,668 1,227,276 2.24USD 1,378,035Wal-Mart Stores Inc 17,679 1,320,268 2.41USD 1,348,997Xilinx Inc 31,475 1,461,070 2.67USD 1,381,379
50,216,552 91.7449,834,566
Total - Shares 53,991,541 98.6453,841,645
Total - Transferable securities admitted to an official stock exchangelisting
53,991,541 98.6453,841,645
TOTAL INVESTMENT PORTFOLIO 53,991,541 98.6453,841,645
(expressed in USD) Cost Evaluation % netassets
Currency
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum CROCI US Dividends
147
Bank Of America Corp 33,000 552,750 0.51USD 551,265
Transferable securities admitted to an official stock exchange listing
Shares
United States
Citigroup Inc 11,120 527,422 0.48USD 552,842Emergent Biosolutions Inc 3,250 77,773 0.07USD 77,272General Electric Co 22,000 552,860 0.51USD 562,175Time Warner Cable 6,040 804,950 0.74USD 820,804Valero Energy Corp 7,540 385,294 0.35USD 387,702
2,901,049 2.662,952,060
Total - Shares 2,901,049 2.662,952,060
Global Marine Inc 7% 98-01/06/2028 755,000 818,405 0.75USD 817,491
Bonds
Cayman Islands
Glorious Prop 13% 10-25/10/2015 555,000 530,053 0.49USD 504,085
1,348,458 1.241,321,576
Edf 5.625% 14-Perp 144A 2,770,000 2,716,178 2.50USD 2,743,934France
Socgen 5% 14-17/01/2024 144A 750,000 743,993 0.68USD 743,198
3,460,171 3.183,487,132
Orion En CA 9.25% 13-01/08/2019 /Pik 144A 955,000 990,813 0.91USD 990,481Germany
990,813 0.91990,481
Rbs 5.25% 05-Perp 215,000 244,351 0.22EUR 226,766Great Britain
Rbs 5.5% 04-Perp/Fla 980,000 1,141,157 1.05EUR 1,062,573
1,385,508 1.271,289,339
Berau Coal 7.25% 12-13/03/2017 200,000 200,570 0.18USD 183,000Indonesia
Indonesia 6.75% 14-15/01/2044 2,975,000 3,011,622 2.77USD 2,981,487
3,212,192 2.953,164,487
AG Spring Finance 9.5% 13-01/06/2019 1,100,000 1,518,725 1.39EUR 1,562,202Ireland
1,518,725 1.391,562,202
Assicuraz Gen 6.269% 06-Perp 200,000 308,808 0.28GBP 279,755Italy
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
148
Enel 8.75% 13-24/09/2073 144A 560,000 607,600 0.56USD 615,300
Transferable securities admitted to an official stock exchange listing (continued)
Bonds (continued)
Italy (continued)
916,408 0.84895,055
AA Bond 9.5% 13-31/07/2019 1,100,000 1,999,710 1.84GBP 1,995,074Jersey
Hbos Capital 6.461% 01-Perp 1,010,000 1,735,492 1.59GBP 1,573,807Hbos Sterlg 7.881% 99-Perp 900,000 1,647,827 1.51GBP 1,533,944
5,383,029 4.945,102,825
Altice Fin 6.5% 13-15/01/2022 144A 750,000 763,027 0.69USD 749,999Luxembourg
Arcelormittal 6% 15/01/2016 /Convertible Bond 18,000 439,740 0.40USD 435,630Arcelormittal 7.25% 11-01/03/2041 270,000 260,696 0.24USD 259,538Arcelormittal 7.5% 09-15/10/2039 480,000 475,027 0.44USD 474,938Ineos Fin 6.5% 13-15/08/2018 Regs 535,000 741,654 0.68EUR 752,594Millicom Intl C 6.625% 13-15/10/2021 144A 300,000 301,953 0.28USD 302,471Wind Acq 7.25% 10-15/02/2018 144A 390,000 408,525 0.38USD 410,475Wind Acq 7.25% 12-15/02/2018 144A 685,000 717,538 0.66USD 719,669
4,108,160 3.774,105,314
Bereau Capital Resources 12.5% 10-08/07/2015 350,000 370,034 0.34USD 366,563Singapore
Bumi Inv 10.75% 10-06/10/2017 985,000 661,812 0.61USD 673,388Ottawa Hldgs 5.875% 13-16/05/2018 144A 400,000 299,000 0.27USD 321,375
1,330,846 1.221,361,326
Edcon Hldg 13.375% 13-30/06/2019 144A 155,000 203,273 0.19EUR 206,917South Africa
Edcon 9.5% 11-01/03/2018 144A 265,000 346,888 0.32EUR 358,735Edcon 9.5% 13-01/03/2018 Regs 290,000 380,966 0.34EUR 395,534
931,127 0.85961,186
Perstorp Hldg 11% 12-15/08/2017 144A 875,000 927,500 0.86USD 909,595Sweden
Perstorp Hldg 8.75% 12-15/05/2017 144A 300,000 320,250 0.29USD 313,500
1,247,750 1.151,223,095
Alcoa Inc 5.4% 11-15/04/2021 285,000 297,759 0.27USD 292,432United States
Alcoa Inc 5.87% 07-23/02/2022 930,000 979,634 0.90USD 961,600Bank of America 4.125% 14-22/01/2024 1,655,000 1,675,257 1.54USD 1,659,419Bank of America 5% 14-21/01/2044 1,700,000 1,725,704 1.58USD 1,696,328Capital One Financial /Perpetual Bond 8,600 195,994 0.18USD 196,080
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
149
CC Media 4.9% 03-15/05/2015 300,000 291,951 0.27USD 282,750
Transferable securities admitted to an official stock exchange listing (continued)
Bonds (continued)
United States (continued)
Citigroup Inc /Perpetual Bond 24,000 616,800 0.57USD 600,000Citigroup 3.875% 13-25/10/2023 1,685,000 1,669,178 1.53USD 1,660,450Morgan Stanley 3.75% 13-25/02/2023 1,700,000 1,681,470 1.54USD 1,666,238Morgan Stanley 5% 13-24/11/2025 1,640,000 1,670,324 1.53USD 1,658,712PNC Financial Services 4.85% Perp 110,000 100,021 0.09USD 95,700PNC Financial Services 5.375% /Perpetual Bond 1,100 22,957 0.02USD 23,375Pruden Fin 5.7% 13-15/03/2053 Bond 20,115 443,737 0.41USD 426,026RBS Capital Trust II 6.425% FRN 03-Perp 1,035,000 978,220 0.90USD 972,150RBS Trust III 5.512% 04-31/12/2099 720,000 705,600 0.65USD 697,500Stanley Black & Decker /Convertible Bond 371 37,749 0.03USD 37,100TWC 5.25% 12-15/07/2042 1,000,000 1,335,139 1.23GBP 1,279,672TWC 5.5% 11-01/09/2041 500,000 425,085 0.39USD 400,355TWC 5.875% 10-15/11/2040 500,000 443,880 0.41USD 417,895US Airways 6.125% 13-01/06/2018 1,770,000 1,837,083 1.69USD 1,752,244USA 2.75% 13-15/11/2023 /TBO 770,000 776,918 0.71USD 771,666
17,910,460 16.4417,547,692
Smartone 3.875% 13-08/04/2023 600,000 518,256 0.48USD 529,692Virgin Islands
518,256 0.48529,692
Total - Bonds 44,261,903 40.6343,541,402
Total - Transferable securities admitted to an official stock exchangelisting
47,162,952 43.2946,493,462
Midwest Vanadium Pty Ltd 11.5% 11-15/02/2018144A
1,000,000 820,000 0.75USD 842,200
Transferable securities dealt in on another regulated market
Bonds
Australia
820,000 0.75842,200
Bunge 4.875% /Convertible Bond 1,827 189,095 0.17USD 193,374Bermuda Islands
189,095 0.17193,374
Glorious Property 13.25% 13-04/03/2018 200,000 172,090 0.16USD 170,000Cayman Islands
Yuzhou Prop 8.625% 14-24/01/2019 740,000 720,101 0.66USD 740,000
892,191 0.82910,000
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
150
CN Shipping 4.25% 14-28/01/2019 1,850,000 1,864,153 1.72USD 1,841,601
Transferable securities dealt in on another regulated market (continued)
Bonds (continued)
China
1,864,153 1.721,841,601
BNP Paribas FRN 07-Perp 144A 900,000 949,194 0.87USD 922,250France
949,194 0.87922,250
Beverage Pack 6% 13-15/06/2017 144A 1,350,000 1,384,074 1.27USD 1,363,312Luxembourg
Ineos Fin 6.125% 13-15/08/2018 144A 435,000 442,613 0.41USD 440,188
1,826,687 1.681,803,500
Cemex 6.5% 13-10/12/2019 144A 400,000 408,108 0.37USD 398,500Mexico
Grupo Idesa 7.875% 13-18/12/2020 144A 1,000,000 1,002,500 0.92USD 993,400
1,410,608 1.291,391,900
Bumi Cap 12% 09-10/11/2016 340,000 230,088 0.21USD 211,800Singapore
230,088 0.21211,800
Aurora USA 9.875% 12-15/02/2017 144A 800,000 868,000 0.80USD 852,831United States
Building Materials Hldg 9% 13-15/09/2018 144A 750,000 806,250 0.74USD 762,433Cont Res 5.0% 12-15/09/2022 1,750,000 1,806,542 1.66USD 1,795,937Dresdner Fd 8.151% 99-30/06/2031 144A 1,200,000 1,285,464 1.18USD 1,281,375Genworth Holding Fin 6.15% 06-15/11/2066 1,250,000 1,122,363 1.03USD 1,123,725Hercules Offshore 8.75% 13-15/07/2021 144A 535,000 591,416 0.54USD 554,538Hercules 7.5% 13-01/10/2021 144A 555,000 575,813 0.53USD 581,250Icahn Enter 4.875% 14-15/03/2019 144A 1,310,000 1,308,309 1.20USD 1,310,000Icahn Enter 5.875% 14-01/02/2022 144A 1,720,000 1,709,421 1.57USD 1,719,999Intel 3.25% 09-01/08/2039 400,000 528,984 0.49USD 513,756Jack Cooper 9.25% 13-01/06/2020 144A 1,005,000 1,097,963 1.01USD 1,067,638Rialto Hldgs 7% 13-01/12/2018 144A 1,060,000 1,070,600 0.98USD 1,060,000United Contl 6.375% 13-01/06/2018 685,000 718,969 0.66USD 710,000
13,490,094 12.3913,333,482
Total - Bonds 21,672,110 19.9021,450,107
USA 0% 13-20/03/2014 15,000,000 14,998,828 13.77USD 14,998,508
Treasury bills
United States
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
151
USA 2.875% 13-15/05/2043 90,000 77,843 0.07USD 74,855
Transferable securities dealt in on another regulated market (continued)
Treasury bills (continued)
United States (continued)
USA 3.75% 13-15/11/2043 235,000 241,444 0.22USD 230,860
15,318,115 14.0615,304,223
Total - Treasury bills 15,318,115 14.0615,304,223
Total - Transferable securities dealt in on another regulated market 36,990,225 33.9636,754,330
Comcel Trust 6.875% 14-06/02/2024 144A 1,195,000 1,178,629 1.08USD 1,173,884
Other transferable securities
Bonds
Cayman Islands
1,178,629 1.081,173,884
Enercoal Res 9.25% 09-05/08/2014 Con/Bu 400,000 248,812 0.23USD 236,250Singapore
248,812 0.23236,250
CHS/ Community Health Sys 5.125% 14-01/08/2021 144A
1,150,000 1,157,188 1.06USD 1,150,000United States
CHS/ Community Health Sys 6.875% 14-01/02/2022 144A
495,000 507,924 0.47USD 495,000
Cobalt Int. Energy 2.625% 12-01/12/19 275,000 244,976 0.22USD 296,618Emergent Biosolutions 2.875% 14-15/01/2021144A
430,000 447,738 0.41USD 430,000
Icahn Enter 3.5% 14-15/03/2017 144A 1,420,000 1,422,484 1.31USD 1,420,001Memorial 10% 13-15/12/2018 144A 1,300,000 1,306,499 1.20USD 1,274,000Micron Tech 2.125% 13-15/02/2033 400,000 873,432 0.80USD 645,603RBS Capital Trust I 2.112% 03-Perp/Pfd 1,200,000 1,162,008 1.07USD 1,169,400Westmoreland 10.75% 14-01/02/2018 144A 820,000 887,650 0.81USD 876,375
8,009,899 7.357,756,997
Favor Sea L 11.75% 14-04/02/2019 144A 1,250,000 1,238,500 1.14USD 1,238,500Virgin Islands
1,238,500 1.141,238,500
Total - Bonds 10,675,840 9.8010,405,631
Total - Other transferable securities 10,675,840 9.8010,405,631
TOTAL INVESTMENT PORTFOLIO 94,829,017 87.0593,653,423
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
152
Call Cobalt Intl Energy 19/04/2014 22.5 275 4,125 0.00USD 83,722
Transferable securities admitted to an official stock exchange listing
Options
Options - long
Call Cobalt Intl Energy 19/04/2014 25 275 2,750 0.00USD 57,280Call Valero Energy Corp 21/06/2014 43 88 83,952 0.08USD 23,322Put Valero Energy Corp 21/06/2014 32 44 572 0.00USD 5,612
Total Options - long 91,399 0.08169,936
Put Valero Energy Corp 21/06/2014 40 (44) (3,256) 0.00USD (18,456)Options - short
Total Options - short (3,256) 0.00(18,456)
Total Investment in options 88,143 0.08151,480
Total - Transferable securities admitted to an official stock exchangelisting
88,143 0.08151,480
Call Swap De Taux -USD- 05/11/2014 572 11,000,000 12,947 0.01USD 17,590
Other transferable securities
Swaptions
Swaptions - long
Call Swap De Taux -USD- 05/11/2015 2.664 11,000,000 197,241 0.19USD 228,719Call Swap De Taux -USD- 05/11/2015 3.698 3,750,000 135,019 0.12USD 172,922
Total Swaptions - long 345,207 0.32419,231
Call Swap De Taux -USD- 05/11/2014 2.224 (11,000,000) (139,623) (0.13)USD (187,000)Swaptions - short
Call Swap De Taux -USD- 05/11/2015 4.198 (3,750,000) (80,584) (0.07)USD (111,407)
Total Swaptions - short (220,207) (0.20)(298,407)
Total - Swaptions 125,000 0.12120,824
Total - Other transferable securities 125,000 0.12120,824
95,042,160 87.2593,925,727TOTAL INVESTMENTS
(expressed in USD) Cost Evaluation % netassets
CurrencyQuantity / Face value
Description
DB Platinum
as at 31 January 2014Statement of Investments (continued)
The accompanying notes form an integral part of these financial statements.
DB Platinum Loomis Sayles
DB Platinum Notes to the Financial Statements
as at 31 January 2014
153
1. General DB Platinum (the “Company”) is registered in the Grand-Duchy of Luxembourg as an undertaking for collective investment pursuant to Part I of the law of 17 December 2010 relating to undertakings for collective investment, as may be amended (the “Law”). The Company qualifies as an undertaking for collective investment in transferable securities (“UCITS”) under Article 1(2) of the Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as may be amended (the “UCITS Directive”) and may therefore be offered for sale in each member state of the European Union (“EU Member State”), subject to registration. The Company is an investment company that has been incorporated under the laws of the Grand-Duchy of Luxembourg as a société d’investissement à capital variable (“SICAV”) on 1 December 2004 for an unlimited period. The Articles of Incorporation have been deposited with the Luxembourg Trade and Companies’ Register (“Registre de Commerce et des Sociétés de Luxembourg”) and have been published in the Recueil des Sociétés et Associations of the Grand-Duchy of Luxembourg (the “Mémorial”) on 17 December 2004. The Company is registered with the Luxembourg Trade and Companies’ Register under number B-104.413. The Articles of Incorporation have been lastly amended by an extraordinary shareholders’ meeting held on 30 November 2010. The minutes of such extraordinary shareholders’ meeting were published in the Mémorial on 10 December 2010 and 7 February 2011. The Company is presently structured as an umbrella fund to provide investors with a variety of Sub-Funds of which the performance may be linked partially or fully to the performance of an underlying asset, such as, for instance, a basket of securities or an index (the “Underlying Asset”). As of 31 January 2014, the Company has 25 active Sub-Funds: - DB Platinum Commodity Euro - DB Platinum European Inflation 2015 - DB Platinum Dynamic Aktien Plus - DB Platinum Branchen Stars - DB Platinum CROCI Germany - DB Platinum Omega - DB Platinum Commodity USD - DB Platinum EMLINTM Sovereign Bond Fund - DB Platinum Agriculture Euro - DB Platinum CROCI World - DB Platinum Commodity Harvest - DB Platinum Currency Returns Plus - DB Platinum PWM CROCI Multi Fund - DB Platinum Bonus - DB Platinum CROCI Sectors Fund - DB Platinum CROCI Asia Pacific Fund - DB Platinum dbX-THF Equity Hedge Index Fund - DB Platinum dbX-THF Event Driven Index Fund - DB Platinum dbX-THF Systematic Macro Index Fund - DB Platinum dbX-THF Credit and Convertible Index Fund - DB Platinum Precious Metals - DB Platinum CROCI Global Dividends - DB Platinum TT International - DB Platinum CROCI US Dividends - DB Platinum Loomis Sayles (launched on 1 July 2013)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
154
1. General (continued) During the year, the following Sub-Funds have been liquidated or have matured: - DB Platinum Commodity Mean Reversion (liquidated on 14 May 2013) - DB Platinum Europa Gewinnstufen III (matured on 16 May 2013) - DB Platinum AIMhedge Index (liquidated on 28 June 2013) - DB Platinum Tosca Mid Cap Equity Fund (liquidated on 11 July 2013) - DB Platinum FX Concepts Global Currency Fund (liquidated on 29 July 2013) - DB Platinum Germany Covered Bond Fund (liquidated on 30 September 2013) - DB Platinum Express (liquidated on 14 October 2013) - DB Platinum dbX-Macro Trading Index Fund (liquidated on 23 December 2013) The Shares are divided into Shares of Classes “I”, “R” and “E”. Shares of Classes “I” and “R” will be issued by the Company exclusively in relation to Sub-Funds with an Investment Policy and will normally be subscribed in cash. Shares of Class “I” are available only to Institutional Investors while Shares of Class “R” are primarily designed for Retail Investors. Shares of Classes "I" and "R" are differentiated by their respective fee structure as more fully described in the Prospectus (identified by the number "1" or "2") and are further sub-divided between Distribution Share (identified by the letter "D") and Capitalisation Shares (identified by the letter "C"). Within each Class of Shares, several types of sub-classes may be issued (identified by capital alphabetic letters), differentiating between (but not limited to) dividend payment structures, dividend payment dates and fee structures. Shares of Classes “I” and “R” may be listed for trading on one or more stock exchanges. Shares of Class “E” are Shares issued by the Company in relation to Sub-Funds with a Direct Investment Policy as specified in the relevant Product Annex and will always be subscribed for and redeemed in kind. Shares of Class “E” will always be listed on one or more stock exchanges. The Underlying Asset or Index referenced by a Share Class of a Sub-Fund may differ from the Underlying Asset or Index referenced by other Share Classes in the same Sub-Fund. The Prospectus sets out the relevant Underlying Asset or Index referenced by each Share Class. 2. Accounting policies The financial statements of the Company have been prepared according to accounting principles generally accepted in Luxembourg and applicable for investment funds. The significant accounting policies used detail as follows: a) Valuation of investments The Net Asset Value (“NAV”) of the Sub-Funds shall be determined in accordance with the following rules:
(i) The value of any cash on hand or on deposit, bills and demand notes and accounts receivable, prepaid expenses, cash dividends and interest declared or accrued as aforesaid and not yet received is deemed to be the full amount thereof, unless in any case the same is unlikely to be paid or received in full, in which case the value thereof is determined after making such discount as may be considered appropriate in such case to reflect the true value thereof.
(ii) A contract for difference (CFD) is valued at market value established by reference to the financial instrument on the year end date.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
155
2. Accounting policies (continued)
(iii) The value of all securities which are listed or traded on an official stock exchange or traded on any other Regulated Market are valued on the basis of their last available prices on the Business Day immediately preceding the Valuation Day or on the basis of the last available prices on the main market on which the investments of the Sub-Funds are principally traded. The Board of Directors will approve a pricing service which will supply the above prices. If, in the opinion of the Board of Directors, such prices do not truly reflect the fair market value of the relevant securities, the value of such securities will be determined in good faith by the Board of Directors either by reference to any other publicly available source or by reference to such other sources as it deems in its discretion appropriate. In particular, in respect of securities which suffer from lack of liquidity on the market or from large credit spreads, the valuation criteria used by the Board of Directors of the Company to estimate the valuation of those securities might be determined with prudence on the basis of market quotations or, if market quotations are not readily available or are deemed unreliable, i.e. where the fair values of financial instruments or securities recorded in the statement of net assets cannot be derived from active markets at the date of the NAV calculation, they are determined using a variety of valuation techniques that include the use of mathematical models. Valuation techniques include net present value techniques, comparison to similar instruments for which market observable prices exist, options pricing models and other relevant valuation models, including valuation models provided by counterparties or service providers as well as broker statements in order to reflect what is believed to be the fair value of those securities at the portfolio’s valuation point. The input to these models is taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. The judgements include considerations of liquidity and model inputs such as correlation and volatility for longer dated instruments. Use of available information and application of judgement are inherent in the formation of estimates. Actual results in the future could differ from such estimates and the differences may be material to the valuation retained.
(iv) Securities not listed or traded on a stock exchange or a Regulated Market are valued on the basis of the
probable sales price determined prudently and in good faith by the Board of Directors.
(v) Securities issued by open-ended investment funds are valued at their last available NAV or in accordance with item (iii) above where such securities are listed.
(vi) The liquidating value of futures, forward or options contracts that are not traded on exchanges or on
other organised markets shall be determined pursuant to the policies established by the Board of Directors, on a basis consistently applied. The liquidating value of futures, forward or options contracts traded on exchanges or on other organised markets shall be based upon the last available settlement prices of these contracts on exchanges and organised markets on which the particular futures, forward or options contracts are traded; provided that if a futures, forward or options contract could not be liquidated on such Business Day with respect to which a NAV is being determined, then the basis for determining the liquidating value of such contract is such value as the Board of Directors may deem fair and reasonable.
(vii) Liquid assets and money market instruments may be valued at nominal value plus any accrued interest or
using an amortised cost method. This amortised cost method may result in periods during which the value deviates from the price the relevant Sub-Fund would receive if it sold the investment. The Management Company may, from time to time, assess this method of valuation and recommend changes, where necessary, to ensure that such assets will be valued at their fair value as determined in good faith pursuant to procedures established by the Board of Directors. If the Board of Directors believes that a deviation from the amortised cost per Share may result in material dilution or other unfair results to Shareholders, the Board of Directors shall take such corrective action, if any, as it deems appropriate, to eliminate or reduce, to the extent reasonably practicable, the dilution or unfair results.
(viii) The swap transactions will be valued on a consistent basis based on valuations to be received from the
Swap Counterparty which may be bid, offer or mid prices as determined in good faith pursuant to procedures established by the Board of Directors. If, in the opinion of the Board of Directors, such values do not reflect the fair market value of the relevant swap transactions, the value of such swap transactions will be determined in good faith by the Board of Directors or by such other method as it deems in its discretion appropriate.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
156
2. Accounting policies (continued)
(ix) All other securities and other permissible assets as well as any of the above-mentioned assets for which the valuation in accordance with the above sub-paragraphs would not be possible or practicable, or would not be representative of their fair value, will be valued at fair value, as determined in good faith pursuant to procedures established by the Board of Directors.
b) Net realised gain / (loss) on sale of investments The net realised gain or loss on the sale of investments is determined on the basis of the average cost of investments sold. c) Conversion of foreign currencies The accounts of the various Sub-Funds are expressed in the following currencies: - DB Platinum Commodity Euro EUR - DB Platinum European Inflation 2015 EUR - DB Platinum Dynamic Aktien Plus EUR - DB Platinum Branchen Stars EUR - DB Platinum CROCI Germany EUR - DB Platinum Omega USD - DB Platinum Commodity USD USD - DB Platinum Tosca Mid Cap Equity Fund GBP - DB Platinum Germany Covered Bond Fund EUR - DB Platinum EMLINTM Sovereign Bond Fund USD - DB Platinum Agriculture Euro EUR - DB Platinum CROCI World EUR - DB Platinum Commodity Harvest EUR - DB Platinum Currency Returns Plus EUR - DB Platinum PWM CROCI Multi Fund EUR - DB Platinum Express EUR - DB Platinum Europa Gewinnstufen III EUR - DB Platinum Bonus EUR - DB Platinum CROCI Sectors Fund EUR - DB Platinum FX Concepts Global Currency Fund EUR - DB Platinum AIMhedge Index EUR - DB Platinum CROCI Asia Pacific Fund USD - DB Platinum dbX-Macro Trading Index Fund USD - DB Platinum dbX-THF Equity Hedge Index Fund USD - DB Platinum dbX-THF Event Driven Index Fund USD - DB Platinum dbX-THF Systematic Macro Index Fund USD - DB Platinum dbX-THF Credit and Convertible Index Fund USD - DB Platinum Precious Metals USD - DB Platinum CROCI Global Dividends USD - DB Platinum Commodity Mean Reversion USD - DB Platinum TT International USD - DB Platinum CROCI US Dividends USD - DB Platinum Loomis Sayles USD
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
157
2. Accounting policies (continued) The values of assets denominated in currencies which are different to a Sub-Fund currency are translated into that Sub-Fund’s currency at the exchange rates prevailing as at 31 January 2014. Income and expenses in currencies other than Sub-Fund currency are translated into Sub-Fund currency at the exchange rates prevailing at the transaction booking date. d) Combined financial statements of the Company The combined statements of the Company are expressed in EUR. The various items of the Statement of Net Assets and the Statement of Operations and Changes in Net Assets at 31 January 2014 of the Company are equal to the sum of the corresponding items in the financial statements of each Sub-Fund translated into EUR at the closing exchange rates. The exchange rate difference between 31 January 2013 and 31 January 2014 is reported under currency translation in the Statement of Operations and Changes in Net Assets. The exchange rates used as at 31 January 2014:
1 EUR = 137.535188 JPY 1 EUR = 10.470470 HKD 1 EUR = 8.827245 SEK 1 EUR = 1.545501 AUD 1 EUR = 1.723589 SGD 1 EUR = 8.481404 NOK 1 EUR = 1.348450 USD 1 EUR = 7.461171 DKK 1 EUR = 1.221315 CHF 1 EUR = 3.265676 BRL 1 EUR = 0.820425 GBP 1 EUR = 1.503455 CAD
e) Acquisition cost of investments The costs of investments expressed in currencies which are different to a Sub-Fund currency are translated into that Sub-Fund’s currency at the exchange rate prevailing at the purchase date. f) Income Interest income is accrued pursuant to the terms of the underlying investment. Income is recorded net of respective withholding taxes, if any. Dividends are recognised on ex-date. 3. Taxation Under current law and practice, the Company is not liable to any Luxembourg income tax. The Company is, however, liable in Luxembourg to a tax of 0.05 per cent per annum in respect of Shares of Classes “R” and “E” and of 0.01 per cent per annum in respect of Shares of Class “I” (“Taxe d'Abonnement”) in accordance with Article 174 of the Law. Investments by a Sub-Fund in shares or units of another Luxembourg undertaking for collective investment are excluded from the Net Asset Value of the Sub-Fund serving as basis for the calculation of the Taxe d'Abonnement payable by that Sub-Fund. The following Sub-Funds are also exempt from the Taxe d’Abonnement: Sub-Funds (i) whose securities are reserved for institutional investors and, (ii) whose exclusive object is the collective investment in money market instruments or deposits with credit institutions and, (iii) the weighted residual portfolio maturity does not exceed 90 days and (iv) that have obtained the highest possible ranking by a recognised ranking agency. In case of several Share Classes within a Sub-Fund, the exemption only applies to the Share Classes whose securities are reserved for institutional investors. The exemption also applies to Sub-Funds whose securities are reserved for pension funds or companies set up by one or more employers for the benefit of their employees; or Sub-Funds whose main objective is the investment into microfinance institutions; or Sub-Funds whose securities (i) are listed or traded on at least one stock exhange or another regulated market operating regularly, recognised and open to the public and (ii) whose exclusive objective is to replicate the performance of one or more indices (in case of several Share Classes within a Sub-Fund, the exemption only applies to the Share Classes fulfilling the condition of sub-point (i) above).
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
158
3. Taxation (continued) The Taxe d'Abonnement is payable quarterly on the basis of the Net Asset Value of the Sub-Fund at the end of the relevant calendar quarter. The benefit of the 0.01 per cent Taxe d'Abonnement is available to Shares of Class “I” on the basis of the Luxembourg legal, regulatory and tax provisions as these are known to the Company at the time of admission of an investor in such Classes of Shares. Such assessment is subject to such changes in the laws and regulations of Luxembourg and to such interpretation on the status of an eligible investor in the Shares of Class “I” by any competent Luxembourg authority as will exist from time to time. Any such reclassification made by an authority as to the status of an investor may submit the entire class to a Taxe d'Abonnement at the rate of 0.05 per cent per annum. No stamp or other tax will be payable in Luxembourg in connection with the issue of Shares by the Company. Under current law and practice in Luxembourg, no capital gains tax is payable on the realised capital appreciation of the assets of the Company and no tax is payable on the investment income received in respect of the assets. Investment income for dividends and interest received by the Company may however be subject to withholding taxes in the country of origin at varying rates. Under the Belgian Finance Act of 22 December 2003, that came into effect on 1 January 2004, a 0.06% yearly tax was applied on all money originating from Belgium included in the Company at December 31 of the prior year. This tax rate has been increased to 0.07% in 2005, to 0.08% in 2007, to 0.0965% in 2013 and to 0.0925% from 2014 onwards. 4. Management Fee The Management Fee is composed of the Management Company Fee and the Investment Management Fee:
• In accordance with and subject to the terms of the Management Company Agreement, the annual Management Company Fee will accrue on each calendar day and will be calculated on each Valuation Day on the basis of a percentage of (i) the last available NAV of each Sub-Fund or Class of Shares or (ii) the Initial Issue Price multiplied by the number of outstanding Shares of each Sub-Fund or Class of Shares (as indicated for each Sub-Fund or Class of Shares in the relevant Product Annex). The Management Company Fee is payable monthly. The Management Company is also entitled to receive reimbursements for any reasonable expenses that were made in its capacity as management company of the Company in the context of the execution of the Management Company Agreement and that were not reasonably foreseeable in the ordinary course of business.
• The Investment Management Fee is payable monthly to the Investment Managers and is calculated on each Valuation Day on the basis of the Net Asset Value of the relevant Share Class. This Fee applied for the following Sub-Funds :
o DB Platinum Omega o DB Platinum Tosca Mid Cap Equity Fund (liquidated on 11 July 2013) o DB Platinum TT International o DB Platinum Loomis Sayles (launched on 1 July 2013)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
159
5. Fixed Fee Under the terms of an arrangement between the Company and Deutsche Bank AG, acting through its London branch (the “Fixed Fee Agent”), the Fixed Fee Agent will, in exchange for the payment of a Fixed Fee calculated on the average daily Net Asset Value per Sub-Fund or per Class as specified in the relevant Product Annex and payable on a quarterly basis, finance the payment of certain fees and expenses, unless disclosed otherwise in the relevant Product Annex. The fees and expenses covered by the arrangement are: - Transaction Fees; and - Administrative Expenses, including:
• Administrative Agent Fee; • Custodian Fee; • Registrar and Transfer Agent Fee; • Setting up costs; and • Other Administrative Expenses (including, but not limited to, audit and legal expenses).
Except as otherwise provided for in the relevant Product Annex, the Fixed Fee does not include the following fees, expenses and costs: - the costs of any marketing agencies appointed by the Company to provide certain marketing and distribution
services to the Company; - the Distribution Fee; - the Investment Advisory Fee, where applicable; - the Investment Management Fee, where applicable; - the Management Company Fee; - any unamortized formation expenses incurred; - any taxes or fiscal charges which the Company may be required to pay, for example, the annual tax in Luxembourg
(the “Taxe d’Abonnement”) or, if it should be payable, any value added tax or similar sales or services tax payable by the Company (VAT) (all such taxes or fiscal charges), unless otherwise specified in the relevant Product Annex of the Prospectus;
- any commissions payable to sales agents arising out of any dealing in Shares; - any costs and expenses incurred outside of the Company’s ordinary course of business such as Extraordinary
Expenses (e.g. legal fees incurred in prosecuting or defending, a claim or allegation, by or against, the Company); nor,
- Collateral Costs. 6. Swaps The Counterparty of the swap transactions is Deutsche Bank AG, acting through its London branch. Unless Share Classes are specified, the below notional amounts apply at the Sub-Fund level. DB Platinum Commodity Euro On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of one type to obtain exposure to the performance of the underlying index for a nominal value of:
EUR 141,390,000 GBP 22,880,000 JPY 6,135,000,000
On 31 January 2014, the net unrealised depreciation on these transactions amounted to EUR 25,060,311.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
160
6. Swaps (continued) DB Platinum European Inflation 2015 On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of one type to obtain a regular payout linked to the performance of the underlying asset (HICP EUR Index) for a nominal value of:
EUR 10,120,000 JPY 170,000,000
On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 204,176. DB Platinum Dynamic Aktien Plus On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of one type to obtain exposure to the performance of the underlying index for a nominal value of:
EUR 3,850,000 GBP 300,000 JPY 60,000,000
On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 165,943. DB Platinum Commodity USD On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of one type to obtain exposure to the performance of the underlying index for a nominal value of:
EUR 48,366,000 USD 22,800,000 JPY 1,710,000,000
On 31 January 2014, the net unrealised depreciation on these transactions amounted to USD 24,543,824. DB Platinum EMLINTM Sovereign Bond Fund On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of one type to obtain exposure to the performance of the underlying index for a nominal value of:
EUR 3,250,000 GBP 420,000 JPY 170,000,000 USD 2,300,000
On 31 January 2014, the net unrealised depreciation on these transactions amounted to USD 643,553.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
161
6. Swaps (continued) DB Platinum Agriculture Euro On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used swap transactions of two types to obtain exposure to the performance of the underlying index for a respective nominal value of: On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 575,019. The swap agreements are concluded at the outset of the swap agreement with the transferable securities and money market instruments having a different cost compared to the notional value of the index swap. The difference between these notional values is accounted for and disclosed in the financial statements as a “receivable due to swap counterparty” or as “payable due to swap counterparty” depending on which notional is higher. The receivable balances will be settled to the Sub-Fund and the payable will be settled to the swap counterparty on termination of the respective agreement. DB Platinum CROCI World The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a payout linked to the performance of the underlying index for respective nominal values depending on the Share Class of:
EUR 117,985,598 (Class I1C-E) EUR 9,867,063 (Class R1C-E) USD 8,966,723 (Class R1C-U) USD 64,097,856 (Class I1C-U)
On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 62,296,707. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum Commodity Harvest The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for respective nominal values depending on the Share Class of:
EUR 6,778,590 (Class I3C-E) EUR 1,025,600 (Class R1C-E) EUR 188,970 (Class R3C-E) USD 1,363,400 (Class R1C-U) USD 1,639,920 (Class R3C-U)
On 31 January 2014, the net unrealised depreciation on these transactions amounted to EUR 963,714. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value.
EUR 43,829,978 EUR 43,784,846
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
162
6. Swaps (continued) DB Platinum Currency Returns Plus The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying asset for a respective nominal value depending on the Share Class of:
EUR 1,987,428 (Class I1C) EUR 15,911,950 (Class I3C) EUR 548,540 (Class R1C)
On 31 January 2014, the net unrealised depreciation on these transactions amounted to EUR 571,090. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum PWM CROCI Multi Fund On 31 January 2014, the Sub-Fund was invested in transferable securities and in liquid assets and the Sub-Fund used two types of swap to obtain an exposure linked to the performance of the underlying index for a respective nominal value of:
EUR 123,454,008 EUR 127,097,648
On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 1,170,054. The swap agreements are concluded at the outset of the swap agreement with the transferable securities and money market instruments having a different cost compared to the notional value of the index swap. The difference between these notional values is accounted for and disclosed in the financial statements as a “receivable due to swap counterparty” or as “payable due to swap counterparty” depending on which notional is higher. The receivable balances will be settled to the Sub-Fund and the payable will be settled to the swap counterparty on termination of the respective agreement. DB Platinum Bonus The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a payout linked to the performance of the underlying index for respective nominal values depending on the Share Class of:
EUR 13,165,700 (Class R1C11) EUR 2,686,900 (Class R1C12)
On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 6,367,772. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
163
6. Swaps (continued) DB Platinum CROCI Sectors Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a payout linked to the performance of the underlying index for respective nominal values depending on the Share Class of:
EUR 84,635,419 (Class I2C) EUR 41,751,263 (Class R3C) EUR 65,050,672 (Class I3C) EUR 3,793,363 (Class R3C-N)
EUR 6,872,213 (Class R0C-E)
EUR 636,386 (Class I1D-A) On 31 January 2014, the net unrealised appreciation on these transactions amounted to EUR 143,790,527. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum CROCI Asia Pacific Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 301,453 On 31 January 2014, the net unrealised appreciation on these transactions amounted to USD 269,823. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum dbX-THF Equity Hedge Index Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 9,858,345 On 31 January 2014, the net unrealised appreciation on these transactions amounted to USD 1,194,571. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum dbX-THF Event Driven Index Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 8,220,376 On 31 January 2014, the net unrealised appreciation on these transactions amounted to USD 872,058. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
164
6. Swaps (continued) DB Platinum dbX-THF Systematic Macro Index Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 11,883,693 On 31 January 2014, the net unrealised depreciation on these transactions amounted to USD 1,814,279. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum dbX-THF Credit and Convertible Index Fund The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 8,258,273 On 31 January 2014, the net unrealised appreciation on these transactions amounted to USD 1,279,711. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value. DB Platinum Precious Metals The Sub-Fund has invested all of its net proceeds in swap transactions of one type to obtain a return linked to the performance of the underlying index for a nominal value of:
USD 203,578,536 On 31 January 2014, the net unrealised depreciation on these transactions amounted to USD 57,567,168. The type of swap agreement used results in a “receivable due from swap counterparty” reflecting the notional value.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
165
7. Credit Default Swaps As at 31 January 2014, the following CDS were outstanding for the Sub-Fund DB Platinum Loomis Sayles: Description Spread
in % Currency Nominal Maturity
Date Counterparty Net unrealised
gain / (loss)USD
MARKIT CDX.NA.HY.20 06/18 SELL 5,00 USD 100,000 20/06/2018 DBCLEAR -DCM 7,483MARKIT CDX.EM.20 12/18 US BUY 5,00 USD 6,400,000 20/12/2018 DBSECURITIES 15,746MARKIT CDX.NA.HY.21 12/18 BUY 5,00 USD 4,650,000 20/12/2018 DBCLEAR -DCM (299,994)BAE SYST BUY 1,00 EUR 390,000 22/03/2021 JPM SEC LDN 3,770DOW CHEM BUY 1,00 USD 500,000 20/12/2018 DBSECURITIES (5,096)TRANSOCEAN BUY 1,00 USD 650,000 20/03/2019 DBSECURITIES 16,752EI DU PONT BUY 1,00 USD 750,000 20/12/2018 DBSECURITIES (21,034)HERTZ GLB BUY 5,00 USD 1,750,000 20/03/2019 JPM SEC LDN (206,137)E.ON INTL FINANCE BV EUR BUY 1,00 EUR 1,100,000 20/03/2019 DBSECURITIES 21,426RWE AG BUY 1,00 EUR 1,100,000 20/03/2019 DBSECURITIES (13,185)UNITED UTILITIES BUY 1,00 EUR 1,100,000 20/03/2019 DBSECURITIES (2,945)MARKIT ITRX EUR XOVER 12 BUY 5,00 EUR 1,250,000 20/12/2018 DBCLEAR -DCM 15,834DEVON ENERGY CORPORATION BUY 1,00 USD 1,250,000 20/03/2019 DBSECURITIES 50,173PITNEY B INC BUY 1,00 USD 1,250,000 20/03/2019 DBSECURITIES (9,297)GAP INC BUY 1,00 USD 1,250,000 22/03/2021 DBSECURITIES (87,142)AVON PROD BUY 1,00 USD 1,250,000 20/03/2019 JPM SEC LDN (133,679)NEWMONT MINING BUY 1,00 USD 1,300,000 20/03/2019 JPM SEC LDN 96,543EI DU PONT BUY 1,00 USD 1,500,000 20/12/2018 DBSECURITIES (42,069)APACHE BUY 1,00 USD 1,645,000 20/03/2019 DBSECURITIES (29,992)REPUBLIC OF CHINA BUY 1,00 USD 1,700,000 20/03/2019 JPM SEC LDN (2,583)GAZPROM INTL BUY 1,00 USD 1,750,000 20/03/2019 JPM SEC LDN (121,998)APACHE BUY 1,00 USD 1,855,000 20/03/2019 DBSECURITIES (33,821)HESS BUY 1,00 USD 2,000,000 22/03/2021 JPM SEC LDN 31,299REPUBLIC OF CHINA BUY 1,00 USD 2,300,000 20/03/2019 JPM SEC LDN (3,494) (753,440)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
166
8. Contracts for difference As at 31 January 2014, the following CFD was outstanding for the Sub-Fund DB Platinum Omega.
Description Quantity Currency Commitment Net
unrealised in CFD gain / (loss)
currency USD
QUALICORP SA 174,600 BRL 3,577,554 (95,226)
Total (95,226) As at 31 January 2014, the net unrealised loss on CFD was USD 95,226. The contract for difference was conducted with the counterparty Deutsche Bank AG. As at 31 January 2014, the following CFD were outstanding for the Sub-Fund DB Platinum TT International.
Description Quantity Currency Commitment Net
unrealised in CFD gain / (loss)
currency USD
ACCOR SA 4,306 EUR 152,368 116 AGRICULT BK CHINA /H-SHARES 87,000 HKD 294,930 (433)AIR FRANCE - KLM (28,774) EUR (245,499) 22,498 AIR LIQUIDE (2,902) EUR (270,466) 20,350 AIRBUS GROUP NV (6,302) EUR (331,548) 2,838
ALSTOM (14,242) EUR (299,796) 4,108 ANHUI CONCH CEMENT CO -H- 5,500 HKD 165,550 460 ARCELORMITTAL SA REG SHS (15,306) EUR (188,570) 8,621 ARM HOLDINGS PLC 30,636 GBP 286,447 (25,930)ASTRAZENECA PLC (3,650) GBP (140,835) 930 AVIVA PLC 33,697 GBP 149,952 (14,952)BABCOCK INTERNATIONAL GROUP 17,198 GBP 239,052 (565)BAE SYSTEMS PLC 108,642 GBP 466,183 (21,247)BANCO SANTANDER REG.SHS (49,597) EUR (317,917) 21,470 BASF NAMEN-AKT. (5,172) EUR (411,329) (2,787)BCO BILBAO VIZ.ARGENTARIA/NAM. (25,516) EUR (226,072) 28,078 BEAM SHS 4,570 USD 380,681 (804)BMW-BAYER.MOTORENWERKE (5,364) EUR (433,518) 33,853 BNP PARIBAS 6,689 EUR 384,283 (8,469)BOUYGUES (8,084) EUR (229,505) (3,419)BRIDGESTONE CORP 300 JPY 1,120,200 (715)BRILLIANCE CHINA AUTOMOTIVE 14,000 HKD 166,600 (270)BRITISH AMERICAN TOBACCO 7,045 GBP 205,432 (27,611)CARNIVAL PLC (6,787) GBP (169,743) 10,708 CHINA EVERBRIGHT INTL LTD 12,000 HKD 122,880 (531)CHINA MENGNIU DAIRY CO LTD 4,000 HKD 143,000 (876)CHINA OILFIELD SERVICES -H- 6,000 HKD 124,800 (2,439)CHINA OVERSEAS LAND+INVESTMENT 18,000 HKD 377,100 (2,227)CHINA PETROLEUM&CHEM CORP H 34,000 HKD 210,120 1,007 CHINA RESOURCES CEMENT 28,000 HKD 148,680 (1,086)CIE FINANCIERE RICHEMONT SA (4,853) CHF (408,380) 12,834 CNH INDUSTRIAL NV (28,760) EUR (224,328) 30,446
COBHAM PLC 106,066 GBP 311,517 5,049
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
167
8. Contracts for difference (continued)
Description Quantity Currency Commitment Net
unrealised in CFD gain / (loss)
currency USD
COUNTRY GARDEN HOLDINGS 55,000 HKD 234,300 (1,088)CREDIT AGRICOLE SA. PARIS 20,113 EUR 200,869 (14,186)
DENTSU INC TOKYO 500 JPY 2,042,500 343
DEUTSCHE BANK AG /NAM. (6,066) EUR (217,709) 10,078
DIAGEO PLC (6,578) GBP (118,437) 14,721
DRAX GROUP PLC 27,678 GBP 224,884 (1,137)
EDF 5,941 EUR 149,832 (1,242)
ESSILOR INTERNATIONAL (2,300) EUR (171,419) 20,967
FIAT (29,911) EUR (221,191) (5,349)
GENEL ENERGY SHS PLC 26,413 GBP 259,640 (26,989)
GKN PLC 50,228 GBP 198,049 (7,182)
GLAXOSMITHKLINE PLC (13,676) GBP (213,893) 15,958
GLENCORE XSTRATA PLC 74,998 GBP 241,869 (5,793)
HAIER ELECTRONICS GROUP CO LTD 3,000 HKD 68,100 58
HAITONG SEC -H- 20,800 HKD 237,120 (1,521)
HAVAS SA 34,044 EUR 198,034 (2,801)
HEIDELBERGCEMENT AG (4,017) EUR (221,939) 7,839
HELLENIC TELECOM 39,267 EUR 424,084 (34,949)
HENGAN INTL GROUP 3,000 HKD 251,550 (1,569)
HITACHI LTD 3,000 JPY 2,376,000 (1,883)
HITACHI METALS LTD 2,000 JPY 3,256,000 745
IMPERIAL TOBACCO GROUP (11,455) GBP (254,645) 903
IND & COM BK OF CHINA -H- 77,000 HKD 370,370 (1,289)
J.SAINSBURY PLC (33,736) GBP (116,355) 8,982
KONINKLIJKE AHOLD NV (14,512) EUR (179,441) 9,100
LANXESS AG (2,525) EUR (123,094) (1,523)
LENOVO GROUP LTD 20,000 HKD 201,200 (1,030)
LIFE TECHNOLOGIES CORP 4,312 USD 328,014 474
LINDE A.G. (2,168) EUR (304,604) 17,865
LLOYDS BANKING GROUP PLC (188,724) GBP (157,207) 2,481
LSI CORPORATION 7,643 USD 84,302 76
MAZDA MOTOR CORP 3,000 JPY 1,503,000 (1,647)
MICHELIN /NOM. (2,838) EUR (222,272) 6,851
MITSUBISHI UFJ FINANCIAL GROUP 1,800 JPY 1,121,400 (882)
NOKIAN TYRES PLC (3,200) EUR (100,160) 15,975
NTT URBAN DEV CORP 1,782 JPY 1,806,948 (1,450)
ORIX CORP 1,500 JPY 2,385,000 (2,103)
PEARSON PLC (5,649) GBP (62,817) (457)
PERNOD RICARD SA (2,522) EUR (200,852) 9,863
PEUGEOT SA 23,915 EUR 272,512 10,303
PICC PROPERTY & CASUALTY -H- 6,000 HKD 63,000 (77)
PING AN INSUR.(GRP)CO -H- 5,500 HKD 345,950 (3,317)PIRAEUS BANK SA 161,115 EUR 278,729 (23,900)
PRUDENTIAL PLC 13,968 GBP 171,527 (26,858)
PUBLICIS GROUPE SA 7,858 EUR 516,899 (18,121)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
168
8. Contracts for difference (continued)
Description Quantity Currency Commitment Net
unrealised in CFD gain / (loss)
currency USD
RANDGOLD RESOURCES LTD 1,454 GBP 60,966 (2,472)
RIGHT BANCO SANTANDER (49,597) EUR (7,390) 468
ROCHE HOLDING AG /GENUSSSCHEIN 2,976 CHF 741,917 (8,215)
ROLLS ROYCE HLD 30,684 GBP 364,219 (31,265)
RWE AG (16,523) EUR (453,391) 1,378
RYANAIR HOLDINGS PLC 61,676 EUR 389,361 (30,940)
SAFRAN SA 2,839 EUR 149,786 (1,876)
SANDS CHINA /IPO 14,000 HKD 837,900 (5,229)
SEADRILL LTD (2,761) NOK (621,501) 912
SIEMENS AG /NAM. - REG (3,215) EUR (302,081) 15,276
STANDARD CHARTERED PLC (7,310) GBP (90,644) 11,413
SUMITOMO MITSUI FINANC.GR 1,200 JPY 5,788,800 (6,213)
TELEFONICA SA (20,037) EUR (229,223) 21,104
TENCENT HOLDINGS 1,800 HKD 978,300 7,186
TESCO PLC (77,607) GBP (248,614) 16,517
THE SWATCH GROUP AG (523) CHF (282,682) 3,528
TNT EXPRESS SHS NV (15,933) EUR (104,234) 10,249
TOYOTA MOTOR CORP. 900 JPY 5,329,800 (2,992)
TRAVIS PERKINS PLC 16,326 GBP 283,909 (29,835)
UNILEVER PLC (10,563) GBP (247,069) 12,332
VALEO SA 2,421 EUR 200,677 (9,631)
VEOLIA ENVIRONNEMENT (34,233) EUR (399,156) 22,991
VERIZON COMMUNICATIONS INC (10,962) USD (526,395) 5,591
VIVENDI 7,716 EUR 153,857 2,679
VODAFONE GROUP PLC 269,947 GBP 611,565 (30,412)
WANT WANT CHINA HOLDINGS LTD 17,000 HKD 178,160 (482)
WPP PLC SHS 21,346 GBP 272,588 (30,871)
WYNN MACAU 9,600 HKD 318,240 (3,029)
Total (7,594) As at 31 January 2014, the net unrealised loss on CFD was USD 7,594. The contracts for difference were conducted with the counterparty Deutsche Bank AG and Credit Suisse.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
169
8. Contracts for difference (continued) As at 31 January 2014, the following CFD were outstanding for the Sub-Fund DB Platinum Loomis Sayles.
Description Quantity Currency Commitment Net
unrealised in CFD gain / (loss)
currency USDALLY FINANCIAL 7.5% 11-15.9.20 (7,500) USD (905,648) (2,075) ARCELORMITTAL SA/NY REG SHS (18,000) USD (296,640) 6,660 BUNGE LTD (1,242) USD (94,094) 2,124 CENTURYLINK INC 5.8% 12-15.3.22 (9,250) USD (935,919) 3,622 CIT GROUP 5% 13-1.8.23 (11,750) USD (1,163,218) 22,582 COBALT INTL ENERGY INC (3,000) USD (49,110) 1,530 DISH DBS 5.875% 12-15.07.22 (4,000) USD (402,343) 19 ETP 5.95% 13-1.10.43 (1,150) USD (121,800) (972) FIRST DATA 8.75% 10-15.01.22 PIK 144A (4,000) USD (428,444) (1,444) FOREST LAB 5% 13-15.12.21 144A (6,000) USD (601,583) 1,417 FRONTIER COMMUNICATIONS 7.625% 13-15.4.24 SR (9,250) USD (942,131) 7,787HAWK ACQ 4.25%13-15.10.20 144A (7,500) USD (742,708) 1,898 INDONESIA 4.625% 13-15.04.43 144A (27,500) USD (2,191,467) (16,575) INTEL CORP. (15,000) USD (368,100) 5,400ISHARES/MSCI EMERG.MKT INDX (15,000) USD (572,850) (8,292) MICRON TECHNOLOGY INC (24,335) USD (560,678) 243 ODEBRECHT 5.125% 12-26.6.22 144A (3,500) USD (339,693) (1,124) PETROBRAS FIN CO 6.75% 11-27.01.41 (3,500) USD (318,768) 4,872 PETROBRAS GBL FIN 4.375%13-20.5.23 (4,500) USD (401,177) 3,320 PIONEER NATL RESOURCE 3.95% 12-15.07.22 (17,500) USD (1,767,150) (6,674) REYNOLDS 8.25% 12-15.2.21 (10,000) USD (1,104,651) 5,595 SAMSON INV C 10.5% 12-15.02.20 144A (4,050) USD (466,057) (3,184) SPDR S&P OIL & GAS EXP & PR (3,869) USD (254,580) 2,089 SPRINT COMMUNICATIONS 6% 12-15.11.2022 (4,000) USD (399,871) (477) TRANSOCEAN 3.8% 12-15.10.22 (5,000) USD (478,946) 1,098 TRANSOCEAN 7.35% 11-15.12.41 (2,500) USD (304,718) 1,766WINDSTREAM 6.375% 13-1.8.23 (1,000) USD (93,605) 3,547 Total 34,752
As at 31 January 2014, the net unrealised gain on CFD was USD 34,752. The contracts for difference were conducted with the counterparty Deutsche Bank AG. 9. Commercialisation of the Sub-Funds In addition to the Grand-Duchy of Luxembourg, the Company as at 31 January 2014 has certain Sub-Funds registered for public distribution in the following jurisdictions: Austria, Belgium, Chile, Denmark, Finland, France, Germany, Italy, Japan, South Korea, the Netherlands, Norway, Peru, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
170
10. Portfolio movements A detailed schedule of portfolio movements as at 31 January 2014 is available free of charge upon request at the registered office of the Company. 11. Dividend payment The Board of Directors of DB Platinum decided to pay a dividend as detailed below. The dividend payment has been approved in the annual general meeting of the Shareholders of the Company.
Share Record Payment Amount Sub-Fund Name
Class date Ex-date
date Currency
per share
DB Platinum Branchen Stars R1D 24/04/2013 25/04/2013 30/04/2013 EUR 5.00 DB Platinum CROCI Germany R1D 24/04/2013 25/04/2013 30/04/2013 EUR 5.00 DB Platinum CROCI Global Dividends I1D-G 24/04/2013 26/04/2013 30/04/2013 GBP 0.65 DB Platinum CROCI Global Dividends R1D-E 24/04/2013 26/04/2013 30/04/2013 EUR 1.35 DB Platinum CROCI US Dividends I1D-U 24/04/2013 25/04/2013 30/04/2013 USD 0.54 DB Platinum CROCI US Dividends R1D-U 24/04/2013 25/04/2013 30/04/2013 USD 0.54 DB Platinum Germany Covered Bond Fund R1D 24/04/2013 25/04/2013 30/04/2013 EUR 2.13 The Board of Directors decided to pay the following interim dividend: Sub-Fund Name Share Record Ex-date Payment Currency Amount Class date date per share
DB Platinum European Inflation 2015 R1D 26/07/2013 29/07/2013 01/08/2013 EUR 1.548996 12. Forward Foreign Exchange Contracts At 31 January 2014, the Sub-Fund DB Platinum Branchen Stars had the following forward foreign exchange contracts outstanding: Purchase Share Class Sale Maturity date Unrealised
gain / (loss) EUR
EUR 17,765,047 JPY 2,487,838,470 28/02/2014 (325,253)EUR 41,791,358 USD 57,138,950 28/02/2014 (571,924)JPY 39,594,553 EUR 282,739 28/02/2014 5,173 USD 160,000 EUR 117,266 28/02/2014 1,359 (890,645) The forward foreign exchange contracts were conducted with the counterparties Barclays Bank PLC Wholesale London, Citibank NA, Crédit Suisse AG Global Foreign, Deutsche Bank, Goldman Sachs International, HSBC Bank PLC London, JP Morgan Chase Bank London, Royal Bank of Canada London Branch, Standard Chartered Bank London, UBS AG and Westpac Banking Corp Sydney.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
171
12. Forward Foreign Exchange Contracts (continued) At 31 January 2014, the Sub-Fund DB Platinum Omega had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date
Unrealised gain / (loss) USD
USD 246,790 GBP 150,000 18/06/2014 122 EUR R1C-E 9,490,040 USD 12,949,824 28/02/2014 (149,772)EUR I2C-E 19,267,550 USD 26,291,921 28/02/2014 (304,081)EUR I1C-E 28,563,155 USD 38,976,425 28/02/2014 (450,784)GBP I1C-G 214,731 USD 355,414 28/02/2014 (2,534)EUR 75,000 USD 102,525 24/03/2014 (1,384)USD 2,135,190 EUR 1,590,000 24/03/2014 (8,998)EUR 355,000 USD 481,149 25/03/2014 (2,425)USD 2,351,305 EUR 1,765,000 25/03/2014 (28,831)EUR 790,000 USD 1,078,438 26/03/2014 (13,131)USD 1,054,130 EUR 790,000 26/03/2014 (11,179)CHF 320,000 USD 352,346 27/03/2014 1,142 USD 343,695 CHF 320,000 27/03/2014 (9,789)EUR 70,000 USD 94,870 22/04/2014 (478)USD 94,988 EUR 70,000 22/04/2014 597 GBP 50,000 USD 82,017 23/04/2014 103 USD 81,971 GBP 50,000 23/04/2014 (149)USD 1,603,224 EUR 1,180,000 16/05/2014 12,051 USD 27,105 EUR 20,000 19/05/2014 137 EUR 140,000 USD 193,435 18/06/2014 (4,644)GBP 130,000 USD 214,468 18/06/2014 (1,043)SEK 1,530,000 USD 232,680 18/06/2014 517 USD 201,103 EUR 150,000 18/06/2014 (1,173)USD 527,802 GBP 330,000 18/06/2014 (13,983)USD 869,017 SEK 5,740,000 18/06/2014 (5,864)EUR 280,000 USD 381,918 19/06/2014 (4,332)GBP 10,000 USD 16,457 19/06/2014 (40)USD 2,749,503 EUR 2,040,000 19/06/2014 (1,480)USD 1,686,888 GBP 1,050,000 19/06/2014 (36,944)USD 122,992 EUR 90,000 22/09/2014 1,591 USD 259,650 EUR 190,000 23/09/2014 3,358 (1,033,420) The forward foreign exchange contracts were conducted with the counterparty Deutsche Bank AG. At 31 January 2014, the Sub-Fund DB Platinum Commodity USD had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date
Unrealised
gain / (loss) USD CHF I3C 720,000 USD 797,393 13/02/2014 (2,464)CHF R1C-S 8,219,000 USD 9,104,078 13/02/2014 (29,743)GBP I2C 1,048,000 USD 1,723,269 13/02/2014 (1,120)SGD R1C-C 6,441,000 USD 5,089,275 13/02/2014 (50,242)USD R1C-S 174,469 CHF 158,000 13/02/2014 26 USD R1C-C 389,737 SGD 497,000 13/02/2014 916 (82,627) The forward foreign exchange contracts were conducted with the counterparties Citibank NA, Royal Bank Of Canada London, Société Générale Paris, Standard Chartered Bank London, UBS AG and Westpac Banking Corp Sydney.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
172
12. Forward Foreign Exchange Contracts (continued) At 31 January 2014, the Sub-Fund DB Platinum CROCI Sectors Fund had the following forward foreign exchange contracts outstanding: Purchase Share Class Sale Maturity date Unrealised
gain / (loss) EUR EUR R3C-N 4,018,632 NOK 33,849,000 05/02/2014 28,362 NOK R3C-N 33,849,000 EUR 4,013,024 05/02/2014 (22,749) NOK R3C-N 32,840,000 EUR 3,894,964 06/03/2014 (27,697) (22,084)
The forward foreign exchange contracts were conducted with the counterparties Barclays Bank Wholesale, JP Morgan Chase London, Société Générale Paris, Standard Chartered Bank London, UBS AG and Westpac Banking Corp Sydney. At 31 January 2014, the Sub-Fund DB Platinum dbX-THF Equity Hedge Index Fund had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR I2C 5,009,000 USD 6,846,267 07/02/2014 (91,880)USD I2C 6,848,936 EUR 5,009,000 07/02/2014 94,549 EUR I2C 5,009,000 USD 6,848,806 07/03/2014 (92,927) (90,258) The forward foreign exchange contracts were conducted with the counterparties HSBC Bank Plc London, JP Morgan Chase Bank London and UBS AG. At 31 January 2014, the Sub-Fund DB Platinum dbX-THF Event Driven Index Fund had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR I2C 3,761,900 USD 5,141,855 07/02/2014 (69,121)USD I2C 5,143,744 EUR 3,761,900 07/02/2014 71,010 EUR I2C 3,761,900 USD 5,143,646 07/03/2014 (69,791) (67,902) The forward foreign exchange contracts were conducted with the counterparties JP Morgan Chase London and UBS AG. At 31 January 2014, the Sub-Fund DB Platinum dbX-THF Systematic Macro Index Fund had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR I2C 4,301,000 USD 5,878,710 07/02/2014 (79,027)USD I2C 5,880,869 EUR 4,301,000 07/02/2014 81,186 EUR I2C 4,301,000 USD 5,880,757 07/03/2014 (79,792) (77,633) The forward foreign exchange contracts were conducted with the counterparties JP Morgan Chase London and UBS AG.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
173
12. Forward Foreign Exchange Contracts (continued) At 31 January 2014, the Sub-Fund DB Platinum dbX-THF Credit and Convertible Index Fund had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR I2C 3,975,000 USD 5,433,125 07/02/2014 (73,037)USD I2C 5,435,121 EUR 3,975,000 07/02/2014 75,032 EUR I2C 3,975,000 USD 5,435,018 07/03/2014 (73,744) (71,749) The forward foreign exchange contracts were conducted with the counterparties JP Morgan Chase London and UBS AG. At 31 January 2014, the Sub-Fund DB Platinum Precious Metals had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR R1C-A 44,500 USD 60,823 05/02/2014 (817)EUR I1C-E 39,261,000 USD 53,834,610 05/02/2014 (893,076)EUR R1C-E 73,785,000 USD 100,874,142 05/02/2014 (1,378,685)USD R1C-A 60,713 EUR 44,500 05/02/2014 707 USD I1C-E 53,572,581 EUR 39,261,000 05/02/2014 631,046 USD R1C-E 100,680,937 EUR 73,785,000 05/02/2014 1,185,479 EUR R1C-A 45,500 USD 62,081 05/03/2014 (712)EUR I1C-E 36,793,000 USD 50,200,958 05/03/2014 (575,847)EUR R1C-E 65,993,000 USD 90,041,872 05/03/2014 (1,032,823)USD R1C-E 336,321 EUR 247,000 05/03/2014 3,175 (2,061,553) The forward foreign exchange contracts were conducted with the counterparties Barclays Bank Wholesale, Citibank NA, Crédit Suisse AG Global Foreign, Deutsche Bank, Goldman Sachs International, HSBC Bank Plc London, JP Morgan Chase London, Royal Bank Of Canada London, Société Générale Paris, Standard Chartered Bank London, UBS AG and Westpac Banking Corp Sydney. At 31 January 2014, the Sub-Fund DB Platinum CROCI Global Dividends had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD EUR 135,043 AUD 212,000 03/02/2014 (2,821)EUR 172,409 CHF 211,000 03/02/2014 (483)EUR 43,555 DKK 325,000 03/02/2014 (1)EUR 354,503 GBP 294,000 03/02/2014 (5,097)EUR 341,253 JPY 47,800,000 03/02/2014 (8,501)EUR 43,138 NOK 363,000 03/02/2014 466 EUR 132,129 SEK 1,165,000 03/02/2014 227 EUR 757,014 USD 1,036,000 03/02/2014 (15,128)EUR 188,817 USD 258,000 04/02/2014 (3,370) (34,708) The forward foreign exchange contracts were conducted with the counterparties JP Morgan Chase London and Westpac Banking Corp Sydney.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
174
12. Forward Foreign Exchange Contracts (continued) At 31 January 2014, the Sub-Fund DB Platinum TT International had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD CAD 118,765 USD 106,100 03/02/2014 413 EUR 212,000 USD 288,447 03/02/2014 (2,554)USD 106,100 CAD 118,679 03/02/2014 (336)USD 288,377 EUR 212,000 03/02/2014 2,484 AUD 85,000 USD 74,055 04/02/2014 87 EUR 424,000 USD 574,213 04/02/2014 (2,427)HKD 155,322 USD 20,000 04/02/2014 3 NZD 220,000 USD 178,002 04/02/2014 (124)USD 73,957 AUD 85,000 04/02/2014 (185)USD 574,497 EUR 424,000 04/02/2014 2,711 USD 178,097 NZD 220,000 04/02/2014 219 AUD 443,000 USD 386,932 06/02/2014 (573)CNH 95,808,405 USD 15,836,100 06/02/2014 29,197 JPY 45,317,827 USD 442,700 06/02/2014 1,664 USD 1,167,644 AUD 1,328,000 06/02/2014 9,445 USD 1,034,000 CAD 1,153,856 06/02/2014 (753)USD 12,997,834 CNH 78,388,637 06/02/2014 17,149 USD 1,520,497 EUR 1,125,000 06/02/2014 3,379 USD 442,700 JPY 45,614,701 06/02/2014 (4,575)CAD 237,351 USD 212,265 07/02/2014 581 CNH 6,471,552 USD 1,064,400 07/02/2014 7,218 EUR 318,000 USD 432,287 07/02/2014 (3,448)USD 212,200 CAD 237,602 07/02/2014 (871)USD 1,064,400 CNH 6,431,202 07/02/2014 (536)USD 430,763 EUR 318,000 07/02/2014 1,924 USD 169,523 NZD 210,000 07/02/2014 (235)CNY 38,864,430 USD 6,248,050 10/02/2014 162,406 KRW 1,015,272,961 USD 954,383 10/02/2014 (8,149)USD 6,246,468 CNY 38,864,430 10/02/2014 (164,060)USD 947,658 KRW 1,015,272,961 10/02/2014 1,426 CNH 17,987,411 USD 2,962,500 12/02/2014 15,100 USD 2,962,500 CNH 17,899,717 12/02/2014 (584)CNH 36,118,182 USD 5,926,600 19/02/2014 49,767 USD 5,926,600 CNH 35,825,952 19/02/2014 (1,414)USD 296,233 KRW 317,295,474 24/02/2014 515 USD 4,000,000 CHF 3,646,680 27/02/2014 (27,736)USD 11,249,538 EUR 8,310,000 27/02/2014 41,453 USD 428,124 GBP 260,000 27/02/2014 860 USD 280,000 HUF 62,561,650 27/02/2014 10,338 USD 1,510,000 JPY 157,754,985 27/02/2014 (37,165)USD 4,142,667 KRW 4,471,993,468 27/02/2014 (20,826)USD 1,200,000 SEK 7,802,628 27/02/2014 8,479 CNH 27,919,958 USD 4,575,600 28/02/2014 44,650 EUR I2C-E 254,353 USD 347,082 28/02/2014 (4,014)GBP I2C-G 3,034,083 USD 5,021,893 28/02/2014 (35,808)USD 4,575,600 CNH 27,656,709 28/02/2014 (1,088)CNH 18,043,115 USD 2,957,900 13/06/2014 (778)USD 2,957,900 CNH 17,913,229 13/06/2014 22,298 USD 1,476,200 CNH 8,965,110 29/07/2014 2,923 118,450 The forward foreign exchange contracts were conducted with the counterparty Deutsche Bank AG.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
175
12. Forward Foreign Exchange Contracts (continued) At 31 January 2014, the Sub-Fund DB Platinum Loomis Sayles had the following forward foreign exchange contracts outstanding: Purchase Share Class
Sale Maturity date Unrealised
gain / (loss) USD USD 243,491 GBP 146,977 03/02/2014 1,948 USD 80,782 GBP 49,001 04/02/2014 254 EUR 240,000 USD 326,740 07/02/2014 (3,088)USD 326,559 EUR 240,000 07/02/2014 2,907 CAD 2,200,000 USD 2,014,945 10/02/2014 (42,220)GBP 314,000 USD 517,175 10/02/2014 (1,175)USD 2,051,548 CAD 2,200,000 10/02/2014 78,844 USD 2,347,845 EUR 1,726,000 10/02/2014 20,311 USD 2,596,283 GBP 1,579,000 10/02/2014 1,492 EUR 869,000 USD 1,185,012 13/02/2014 (13,204)MXN 12,300,000 USD 912,516 13/02/2014 5,420 USD 3,014,458 EUR 2,224,000 13/02/2014 15,492 USD 1,546,963 GBP 940,000 13/02/2014 2,288 USD 925,023 MXN 12,300,000 13/02/2014 7,096 EUR 108,000 USD 147,675 18/02/2014 (2,039)JPY 236,400,000 USD 2,304,425 18/02/2014 13,692 MXN 26,800,000 USD 2,056,287 18/02/2014 (57,195)USD 1,138,113 EUR 833,000 18/02/2014 14,829 USD 2,126,050 JPY 222,200,000 18/02/2014 (52,820)USD 2,003,825 MXN 26,800,000 18/02/2014 4,741 USD 1,388,479 EUR 1,015,000 19/02/2014 19,754 GBP 300,000 USD 494,970 21/02/2014 (2,018)USD 1,050,924 AUD 1,200,000 21/02/2014 5,416 USD 492,441 GBP 300,000 21/02/2014 (511)GBP 596,000 USD 989,205 27/02/2014 (9,785)USD 1,312,490 GBP 790,000 27/02/2014 14,266 EUR 25,000 USD 34,137 28/02/2014 (417)EUR R1C-E 4,249,703 USD 5,799,018 28/02/2014 (67,069)EUR I1C-E 18,649,440 USD 25,448,467 28/02/2014 (294,325)EUR I2C-E 27,256,713 USD 37,193,692 28/02/2014 (430,165)GBP I1C-G 100,000 USD 165,516 28/02/2014 (1,180)GBP R1C-G 342,200 USD 566,395 28/02/2014 (4,039)GBP I2C-G 446,506 USD 739,040 28/02/2014 (5,270)MXN 27,200,000 USD 2,044,390 28/02/2014 (16,440)PLN 6,215,000 USD 2,022,569 28/02/2014 (54,204)USD 285,463 EUR 209,000 28/02/2014 3,565 USD 6,843,410 GBP 4,130,000 28/02/2014 56,345 USD 1,007,594 MXN 13,600,000 28/02/2014 (6,396)USD 2,017,923 PLN 6,215,000 28/02/2014 49,639 EUR 121,085 USD 164,580 16/01/2015 (1,191)USD 163,959 EUR 121,085 16/01/2015 569 (745,883) The forward foreign exchange contracts were conducted with the counterparty Deutsche Bank AG.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
176
13. Futures At 31 January 2014, the Sub-Fund DB Platinum Omega had the following futures contracts outstanding: Description Number of
contractsCurrency Commitment Maturity
Date Unrealised
gain / (loss) USD
JPY/USD SPOT CROSS (25) USD (3,054,688) 17/03/2014 (60,116)
YEN DENOM NIKKEI 13 JPY 94,965,000 13/03/2014 (25,614)
TOPIX INDEX (TOKYO) 13 JPY 157,950,000 13/03/2014 (58,342)
(144,072) The futures were conducted with the counterparty Deutsche Bank AG. At 31 January 2014, the Sub-Fund DB Platinum TT International had the following futures contracts outstanding: Description Number of
contractsCurrency Commitment Maturity
Date Unrealised
gain / (loss) USD
3M SHORT STERLING 54 GBP 6,672,377 17/06/2015 7,350
DAX-INDEX (7) EUR (1,631,613) 21/03/2014 30,462
EURO SCHATZ (15) EUR (1,659,675) 06/03/2014 (607)
EURO STOXX 50 PR (201) EUR (6,066,180) 21/03/2014 (106,863)
S&P 500 EMINI INDEX (1) USD (88,825) 21/03/2014 (275)
TOPIX INDEX (TOKYO) (4 ) JPY (48,600,000) 13/03/2014 16,503
UKX FTSE 100 INDEX (23) GBP (1,485,455) 21/03/2014 14,670
XIN9I FTSE CHINA A50 INDEX (47) USD (311,375) 27/02/2014 6,880
(31,880) The futures were conducted with the counterparty Goldman Sachs International. At 31 January 2014, the Sub-Fund DB Platinum Loomis Sayles had the following futures contracts outstanding: Description Number of
contractsCurrency Commitment Maturity
Date Unrealised
gain / (loss) USD
10Y TREASURY NOTES USA (102) USD (12,826,500) 20/03/2014 (96,329)
5Y TREASURY NOTES USA (22) USD (2,653,750) 31/03/2014 (20,625)
LONG GILT STERLING FUTURES (11) GBP (1,214,290) 27/03/2014 (50,437)
S&P 500 EMINI INDEX (15) USD (1,332,375) 21/03/2014 (9,313)
TREASURY BONDS USA (33) USD (4,408,594) 20/03/2014 (108,280)
(284,984) The futures were conducted with the counterparty Deutsche Bank AG.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
177
14. Options issued DB Platinum Omega
As at 31 January 2014, the Sub-Fund DB Platinum Omega was engaged in the following written options: Number of contracts
Type Description Expiration Date Strike Price Currency Commitment
(20) CALL E TRADE FINANCIAL 19/04/2014 20 USD (40,000) (243) CALL GENERAL MOTORS 22/03/2014 40 USD (972,000) (17) CALL S&P 500 INDICES 22/03/2014 1,870 USD (3,179,000) (17) CALL S&P 500 INDICES 19/04/2014 1,890 USD (3,213,000) (76) CALL S&P 500 INDICES 21/06/2014 1,975 USD (15,010,000) (145) CALL S&P 500 INDICES 20/09/2014 2,000 USD (29,000,000) (69) CALL S&P 500 INDICES 20/12/2014 2,050 USD (14,145,000) (164) CALL S&P 500 INDICES 20/12/2014 2,075 USD (34,030,000) (83) CALL SIRIUS XM HOLDINGS INC 22/03/2014 4 USD (33,200) (40) PUT ATLAS ENERGY PARTNERSHIP 19/04/2014 44 USD (176,000) (27) PUT CAMERON INTERNATIONAL CORP 17/05/2014 57.5 USD (155,250) (37) PUT CAPITAL ONE FINANCIAL 21/06/2014 70 USD (259,000) (10) PUT EASTMAN CHEMICAL CO 22/03/2014 72.5 USD (72,500) (88) PUT EBAY INC 19/04/2014 52.5 USD (462,000) (24) PUT REALOGY HOLDINGS CORP SHS 21/06/2014 45 USD (108,000) (97) PUT S&P 500 INDICES 22/03/2014 1,500 USD (14,550,000) (122) PUT S&P 500 INDICES 21/06/2014 1,450 USD (17,690,000) (50) PUT S&P 500 INDICES 21/06/2014 1,600 USD (8,000,000) (307) PUT S&P 500 INDICES 20/09/2014 1,450 USD (44,515,000) (62) PUT S&P 500 INDICES 20/09/2014 1,475 USD (9,145,000) (50) PUT S&P 500 INDICES 20/09/2014 1,550 USD (7,750,000) (78) PUT S&P 500 INDICES 20/12/2014 1,425 USD (11,115,000) (50) PUT S&P 500 INDICES 20/12/2014 1,450 USD (7,250,000) (16) PUT THERMO FISHER SCIENTIFIC INC 21/06/2014 95 USD (152,000) (30) PUT UNITED CONTINENTAL HOLDINGS 22/03/2014 37 USD (111,000) (60) PUT UNITED CONTINENTAL HOLDINGS 22/03/2014 38 USD (228,000)
The options were conducted with the counterparty Deutsche Bank AG. DB Platinum TT International As at 31 January 2014, the Sub-Fund DB Platinum TT International was engaged in the following written options: Number of contracts
Type Description Expiration Date Strike Price Currency Commitment
(532,000) CALL EUR/USD SPOT CROSS 07/02/2014 1.38 EUR (7,342)(849,300) CALL USD/CAD SPOT CROSS 08/04/2014 1.13 USD (9,597)
(1,274,000) CALL USD/CHF SPOT CROSS 08/04/2014 0.934 USD (11,899)(7,404,400) CALL USD/CNY SPOT CROSS 19/11/2014 6.25 USD (462,775)
(848,700) CALL USD/JPY SPOT CROSS 07/02/2014 104.5 USD (886,892)(14) PUT ANGLO AMERICAN PLC 20/06/2014 1,300 GBP (18,200,000)(17) PUT BG GROUP PLC 20/06/2014 10 GBP (170,000)
(242) PUT EURO STOXX 50 PR 19/09/2014 2,750 EUR (6,655,000)(9) PUT IMP TOBACCO 19/09/2014 200 GBP (1,800,000)
(306) PUT SCANIA AB B 19/09/2014 100 SEK (3,060,000)(60) PUT THYSSENKRUPP AG DUESSELDORF 19/12/2014 18 EUR (108,000)
(849,300) PUT USD/CAD SPOT CROSS 08/04/2014 1.04 USD (8,833)(7,404,400) PUT USD/CNY SPOT CROSS 19/11/2014 5.9 USD (436,860)
(848,700) PUT USD/JPY SPOT CROSS 07/02/2014 101.4 USD (860,582)(426) PUT VOLVO B 19/06/2014 70 SEK (2,982,000)
The options were conducted with the counterparties Deutsche Bank AG and Goldman Sachs International.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
178
14. Options issued (continued)
DB Platinum Loomis Sayles As at 31 January 2014, the Sub-Fund DB Platinum Loomis Sayles was engaged in the following written option:
Number of contracts
Type Description Expiration Date Strike Price Currency Commitment
(44) PUT VALERO ENERGY CORP 21/06/2014 40 USD (176,000) The options were conducted with the counterparty Deutsche Bank AG. 15. Swaptions As at 31 January 2014, the Sub-Fund DB Platinum Loomis Sayles entered into the following swaption contracts. The following swaptions were conducted with the counterparty Deutsche Bank AG and JP Morgan. - Sell of Credit Default Swap Option Call Interest Rate Swap -USD- maturity 05/11/2015 strike 4.198 for a nominal value of EUR (111,407) and a market value of EUR (80,584). - Sell of Credit Default Swap Option Call Interest Rate Swap -USD- maturity 05/11/2014 strike 2.224 for a nominal value of EUR (187,000) and a market value of EUR (139,623). 16. Performance Fee Performance Fees (or Incentive Fees) exist for 4 Sub-Funds:
1) DB Platinum Omega
The performance fee amount calculated on each Valuation Day is equal to 20% of the amount by which the Gross Asset Value per Share exceeds the High Water Mark. “Gross Asset Value per Share” means, on any Valuation Day, the Net Asset Value per Share calculated on such Valuation Day without taking into account any deduction for the performance fee amount. “High Water Mark” means on any Valuation Day up to, and including, the first performance fee period end date, the initial issue price and on any Valuation Day thereafter, the greater of the Net Asset Value per Share as at the first immediately preceding performance fee period end date in respect of which a performance fee was payable and the initial issue price. The performance fee amount is payable out of the assets of the Sub-Fund quarterly, within 14 Business Days following each performance fee period end date (the last Valuation Day of March, June, September and December in each year). If a Share is redeemed during a performance fee period and prior to a performance fee period end date, the performance fee amount calculated in respect of such Share as at the Valuation Day as of which such Share is redeemed shall be crystallised and become payable to the Investment Manager (Omega Advisors Inc.) within 14 Business Days of the date of redemption of such Share. During the year, performance fees have been recorded for USD 4,454,208 for DB Platinum Omega.
2) DB Platinum Tosca Mid Cap Equity Fund (liquidated on 11 July 2013) The performance fee amount calculated on each Valuation Day is equal to 20% of the amount by which the Gross Asset Value per Share exceeds the High Water Mark. “Gross Asset Value per Share” means, on any Valuation Day, the Net Asset Value per Share calculated on such Valuation Day without taking into account any deduction for the performance fee amount.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
179
16. Performance Fee (continued) “High Water Mark” means on any Valuation Day up to, and including, the first performance fee period end date, the initial issue price and on any Valuation Day thereafter, the greater of the Net Asset Value per Share as at the first immediately preceding performance fee period end date in respect of which a performance fee was payable and the initial issue price. The performance fee amount is payable out of the assets of the Sub-Fund quarterly, within 14 Business Days following each performance fee period end date (the last Valuation Day of March, June, September and December in each year). If a Share is redeemed during a performance fee period and prior to a performance fee period end date, the performance fee amount calculated in respect of such Share as at the Valuation Day as of which such Share is redeemed shall be crystallised and become payable to the Investment Manager (Toscafund Asset Management LLP) within 14 Business Days of the date of redemption of such Share. No performance fees have been recorded during the period for DB Platinum Tosca Mid Cap Equity Fund.
3) DB Platinum TT International The performance fee amount calculated on each Valuation Day is equal to 20% of the amount by which the Gross Asset Value per Share exceeds the High Water Mark. “Gross Asset Value per Share” means, on any Valuation Day, the Net Asset Value per Share calculated on such Valuation Day without taking into account any deduction for the performance fee amount. “High Water Mark” means on any Valuation Day up to, and including, the first performance fee period end date, the initial issue price and on any Valuation Day thereafter, the greater of the Net Asset Value per Share as at the first immediately preceding performance fee period end date in respect of which a performance fee was payable and the initial issue price. The performance fee amount is payable out of the assets of the Sub-Fund quarterly, within 14 Business Days following each performance fee period end date (the last Valuation Day of March, June, September and December in each period). If a Share is redeemed during a Performance Fee Period and prior to a Performance Fee Period End Date, the Performance Fee Amount calculated in respect of such Share as at the Valuation Day as of which such Share is redeemed shall be crystallised and become payable to the Investment Manager (TT International) on the next following Performance Fee Payment Date following such redemption. During the year, performance fees have been recorded for USD 215,709 for DB Platinum TT International.
4) DB Platinum Loomis Sayles (launched on 1 July 2013) The performance fee amount calculated on each Valuation Day is equal to 20% of the amount by which the Gross Asset Value per Share exceeds the High Water Mark. “Gross Asset Value per Share” means, on any Valuation Day, the Net Asset Value per Share calculated on such Valuation Day without taking into account any deduction for the performance fee amount. “High Water Mark” means on any Valuation Day up to, and including, the first performance fee period end date, the initial issue price and on any Valuation Day thereafter, the greater of the Net Asset Value per Share as at the first immediately preceding performance fee period end date in respect of which a performance fee was payable and the initial issue price. The performance fee amount is payable out of the assets of the Sub-Fund quarterly, within 14 Business Days following each performance fee period end date (the last Valuation Day of March, June, September and December in each period).
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
180
16. Performance Fee (continued) If a Share is redeemed during a Performance Fee Period and prior to a Performance Fee Period End Date, the Performance Fee Amount calculated in respect of such Share as at the Valuation Day as of which such Share is redeemed shall be crystallised and become payable to the Investment Manager (Loomis, Sayles & Company, L.P.) on the next following Performance Fee Payment Date following such redemption. During the year, performance fees have been recorded for USD 340,060 for DB Platinum Loomis Sayles. 17. Collateral The Company has reduced for certain Sub-Funds the overall counterparty risk of the Sub-Fund’s OTC swap transactions by causing the Swap Counterparty to deliver collateral in accordance with the applicable UCITS regulations and CSSF circulars such as CSSF circular 11/512. Such collateral will be enforceable by the Company at all times and will be marked to market on each Valuation Date. The amount of collateral to be delivered will be at least equal to the value by which the overall exposure limit as determined in the Prospectus has been exceeded. The collateral can be in the form of cash or securities (the latter are valued as of 31 January 2014). Sub-Fund Name Collateral Currency Collateral Amount DB Platinum CROCI World EUR 290,627,565 DB Platinum Commodity Harvest EUR 10,921,283 DB Platinum Currency Returns Plus EUR 20,930,061 DB Platinum Bonus EUR 26,222,825 DB Platinum CROCI Sectors Fund EUR 414,179,954 DB Platinum CROCI Asia Pacific Fund USD 677,526 DB Platinum dbX-THF Equity Hedge Index Fund EUR 7,814,786 DB Platinum dbX-THF Event Driven Index Fund EUR 6,738,992 DB Platinum dbX-THF Systematic Macro Index Fund EUR 7,360,452 DB Platinum dbX-THF Credit and Convertible Index Fund EUR 7,225,201 DB Platinum Precious Metals EUR 110,160,847
In respect of any Sub-Fund in respect of which the costs (if any) generated by the delivery by the Swap Counterparty of collateral (“Collateral Costs”) will be borne by such Sub-Fund as disclosed in the relevant Product Annex for such Sub-Fund, such costs will not be paid out of the Fixed Fee but will be paid by the Sub-Fund directly. No such Collateral Costs have been borne by any Sub-Fund other than DB Platinum Precious Metals with Collateral Costs of 0.15% p.a..The Collateral Costs are calculated on the basis of the value of the relevant Share Class Portfolio. 18. Soft Commissions Soft commission arrangements were entered into by the Investment Managers during the year as follows: Toscafund Asset Management LLP have entered into commission sharing agreements with their key broking relationships. The services that may be paid for under such arrangements are those permitted under the applicable rules and are limited to the execution of transactions on behalf of their customers or the provision of investment research to Toscafund for use for its customers. Omega Advisors Inc. has a soft dollar arrangement, all account transactions were in accordance with 28(e) of the US Securities Exchange Act of 1934. TT International has a soft dollar arrangement, all account transactions were in accordance with the requirements of the Financial Conduct Authority in the UK for Commission Sharing Arrangements (CSAs), specifically the provisions of COBS 11.6. No soft commission arrangements were entered into by DB Platinum Advisors, State Street Global Advisors Limited or Loomis, Sayles & Company, L.P. with brokers during the year with respect to the Company.
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
181
19. Pre-hedging Sub-Funds to which a Maturity Date is designated will follow an investment strategy that aims at providing investors with one or more predefined payout(s) upon maturity of the Sub-Fund. The predefined payout(s) may be either relating to minimum payout(s) or to fixed payout(s). The ability to provide investors with such a predefined payout is dependent upon a number of parameters, including certain market movements between the determination of the payout upon the inception of the Sub-Fund and the moment the Sub-Fund or one of its particular Share Classes is launched. In order to avoid adverse market movements which could alter the payout structure upon the Sub-Fund’s or the Class of Shares’, as applicable, commercialisation and launch, the Sub-Fund intends to take over, at the Launch Date, pre-hedging arrangements which have been agreed upon by the Management Company on behalf of the Sub-Fund to the extent and size required to deliver the pre-defined payout and in accordance with the Investment Restrictions. The cost per Share of such pre-hedging transactions will be equal to the difference between the Initial Issue Price per Share and the value per Share of the Sub-Fund’s portfolio (or in the case of the launch of new Class, the value per Share of the Sub-Fund’s portfolio attributable to such Class) (including such pre-hedging transactions) at the Launch Date. This cost (hereafter “Pre-Hedging Costs”) represents the cost of the Swap Counterparty bearing the market risk of entering into such pre-hedging arrangements prior to the Launch Date. Such Pre-Hedging Costs will be accounted for in the relevant Swap Transaction and accordingly in determining the NAV per Share. Therefore, such Pre-Hedging Costs will when positive be borne by investors upon subscription. In the event that the value per Share of the Sub-Fund’s portfolio at the Launch Date is higher than the Initial Issue Price per Share, the Pre-Hedging Costs will be negative and the Swap Counterparty will bear such negative Pre-Hedging Costs. The Pre-Hedging Costs as determined above may continue to be borne by new investors in the Sub-Fund, or Class of Shares, as applicable, for a period after the Launch Date, such period (which shall be no longer than one year after the Launch Date) to be agreed by the Swap Counterparty and the Management Company on or about the Launch Date, in order to avoid any dilution of the investments made by the investors who invested into the Sub-Fund on or during such period after the Launch Date. After such period of time, the Pre-Hedging Costs will be either written off or accrued, as appropriate, over a predefined period of time, unless otherwise specified in the Sub-Fund’s Product Annex. This note is not applicable for this fiscal year. 20. Main events occurred during the fiscal year The following Sub-Funds have been liquidated or have matured: - DB Platinum Commodity Mean Reversion (liquidated on 14 May 2013) - DB Platinum Europa Gewinnstufen III (matured on 16 May 2013) - DB Platinum AIMhedge Index (liquidated on 28 June 2013) - DB Platinum Tosca Mid Cap Equity Fund (liquidated on 11 July 2013) - DB Platinum FX Concepts Global Currency Fund (liquidated on 29 July 2013) - DB Platinum Germany Covered Bond Fund (liquidated on 30 September 2013) - DB Platinum Express (liquidated on 14 October 2013) - DB Platinum dbX-Macro Trading Index Fund (liquidated on 23 December 2013) The following Sub-Fund has been launched: - DB Platinum Loomis Sayles (launched on 1 July 2013)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
182
21. Appointed Investment Managers State Street Global Advisors Limited is acting as Investment Manager for the following Sub-Funds:
- DB Platinum Commodity Euro - DB Platinum European Inflation 2015 - DB Platinum Dynamic Aktien Plus - DB Platinum Branchen Stars - DB Platinum CROCI Germany - DB Platinum Commodity USD - DB Platinum EMLINTM Sovereign Bond Fund - DB Platinum Agriculture Euro - DB Platinum CROCI World - DB Platinum Commodity Harvest
State Street Global Advisors Limited is acting as Investment Manager for the following Sub-Funds (continued):
- DB Platinum Germany Covered Bond Fund (liquidated on 30 September 2013) - DB Platinum Currency Returns Plus - DB Platinum PWM CROCI Multi Fund - DB Platinum CROCI Sectors Fund - DB Platinum FX Concepts Global Currency Fund (liquidated on 29 July 2013) - DB Platinum AIMhedge Index (liquidated on 28 June 2013) - DB Platinum CROCI Asia Pacific Fund - DB Platinum dbX-Macro Trading Index Fund (liquidated on 23 December 2013) - DB Platinum dbX-THF Equity Hedge Index Fund - DB Platinum dbX-THF Event Driven Index Fund - DB Platinum dbX-THF Systematic Macro Index Fund - DB Platinum dbX-THF Credit and Convertible Index Fund - DB Platinum Precious Metals - DB Platinum CROCI Global Dividends - DB Platinum Commodity Mean Reversion (liquidated on 14 May 2013) - DB Platinum CROCI US Dividends
Toscafund Asset Management LLP is acting as Investment Manager for the following Sub-Fund: - DB Platinum Tosca Mid Cap Equity Fund (liquidated on 11 July 2013)
Omega Advisors Inc. is acting as Investment Manager for the following Sub-Fund:
- DB Platinum Omega TT International is acting as Investment Manager for the following Sub-Fund:
- DB Platinum TT International Loomis, Sayles & Company, L.P. is acting as Investment Manager for the following Sub-Fund:
- DB Platinum Loomis Sayles (launched on 1 July 2013)
DB Platinum Notes to the Financial Statements (continued)
as at 31 January 2014
183
22. Transaction costs
The following Sub-Funds incurred transaction costs relating to purchase or sale of transferable securities or derivative instruments as follows: - DB Platinum Branchen Stars EUR 7,303.84- DB Platinum CROCI Germany EUR 385.25- DB Platinum Omega USD 323,042.12- DB Platinum Tosca Mid Cap Equity Fund GBP 47,194.69* - DB Platinum CROCI Global Dividends USD 13,133.47- DB Platinum TT International USD 356,642.46- DB Platinum CROCI US Dividends USD 240.02- DB Platinum Loomis Sayles USD 27,182.22 *For the period from 1 February 2013 to 11 July 2013. These transaction costs are composed of brokerage fees as well as when applicable amounts related to forward value execution and are included in the cost of the transferable securities or derivative instruments. For DB Platinum TT International and DB Platinum Loomis Sayles the transaction costs on futures and options are disclosed under the caption “Bank charges”. The latter does also contain clearing fees, and reset fees for contracts for differences. Others Sub-Funds did not incur any transaction costs (brokerage fees) relating to the purchase or sale of transferable securities and money market instruments for the period from 1 February 2013 to 31 January 2014, due to their structure or to the fact that trades are executed at closing price.
23. Subsequent events • The Boards of Directors of DB Platinum and DB Platinum IV have resolved to merge DB Platinum Dynamic Aktien
Plus (a “Merging Sub-Fund”) into DB Platinum IV Sovereign Plus (the "Receiving Sub-Fund"), (the “Merger”). The Merger was effective on 28 February 2014.
Merging Sub-Fund and share class
Receiving Sub-Fund and share class
Exchange ratio
DB Platinum Dynamic Aktien Plus - Share Class R1C
DB Platinum IV Sovereign Plus - Share Class R1C
0.976147
DB Platinum Dynamic Aktien Plus - Share Class R1C-A
DB Platinum IV Sovereign Plus - Share Class R1C-A
1.083678
DB Platinum Dynamic Aktien Plus - Share Class R1D
DB Platinum IV Sovereign Plus - Share Class R1D
1.165384
DB Platinum Dynamic Aktien Plus - Share Class I1C
DB Platinum IV Sovereign Plus - Share Class R1C
101.796389
• As from 1 March 2014, the registered office of the Company was transferred to the following address:
11-13, Boulevard de la Foire L-1528 Luxembourg
DB Platinum Information to Shareholders - unaudited
184
A) Significant events
1. At the annual general meeting of the Company on 16 April 2013, Alexander McKenna was appointed as a director of the Company. Accordingly, the current directors of the Company are:
- Werner Burg (chairman); - Klaus-Michael Vogel; - Freddy Brausch; and - Alexander McKenna.
2. At the annual general meeting of the Management Company on 26 April 2013, the following persons were not re-elected as directors of the Management Company:
- Freddy Brausch; and - Klaus-Michael Vogel,
and the following persons were appointed as directors of the Management Company:
- Roger-Marc Noirot; - Matthias Liermann; and - Ben O'Bryan.
Accordingly, the current directors of the Management Company are:
- Werner Burg; - Barbara Potocki-Schots; - Roger-Marc Noirot; - Matthias Liermann; and - Ben O'Bryan.
3. DB Platinum Dynamic Aktien Plus: The Company, with effect from January 2013, amended the disclosure of index costs by removing the wording in relation to “Calculation Costs” and changing the level of “Rebalancing Costs” for the “Equity Index” from 0.10% to 0.05%.
4. On 20 February 2013 the Company communicated to shareholders of DB Platinum CROCI Global Dividends its intention to amend the definitions of “Sub-Index Determination Date” and “Index Rebalancing Day” with effect from 6 February 2013. The changes affected both the product annex of the Sub-Fund and the description of the Index:
The definition of “Sub-Index Determination Date” originally read as follows:
"“Sub-Index Determination Date” means the 1st January, the 1st March, the 1st June, the 1st September and the 1st December in each year commencing immediately following the Index Live Date or, if any such day is not an Index Business Day, the immediately following Index Business Day."
The above definition has been amended to read:
"“Sub-Index Determination Date” means the 1st February, the 1st May, the 1st August and the 1st November in each year commencing immediately following the Index Live Date or, if any such day is not an Index Business Day, the immediately following Index Business Day."
The sentence that includes the definition of "Index Rebalancing Day" has also been amended. This sentence originally provided for the following:
"If an additional Sub-Index is, or Sub-Indices are, created and added, the Index will be rebalanced between Sub-Indices every quarter on the third business day in each January, April, July and October or, if such day is not a trading day, the immediately following trading day (each, an "Index Rebalancing Day") and each of the Sub-Indices will be equally weighted to determine its respective Sub-Index Weight."
The above sentence has been amended to read:
"If an additional Sub-Index is, or Sub-Indices are, created and added, the Index will be rebalanced between Sub-Indices every quarter on the third business day in each March, June, September and December or, if such day is not a trading day, the immediately following trading day (each, an "Index Rebalancing Day") and each of the Sub-Indices will be equally weighted to determine its respective Sub-Index Weight."
DB Platinum Information to Shareholders – unaudited (continued)
185
A) Significant events (continued)
5. On 10 May 2013, the Company communicated to shareholders of DB Platinum Agriculture Euro the changing of the underlying asset of the Sub-Fund from db Agriculture Euro IndexTM to the db Agriculture II EUR IndexTM with effect from 11 June 2013.
6. With effect from 10 June 2013, the definition of Transaction Day was amended such that the sub-fund DB Platinum TT International started to accept subscriptions, conversions and redemptions on a daily basis (on each Business Day as defined in the prospectus of the Company) rather than on a weekly basis.
7. On 14 June 2013, the Company communicated to shareholders of DB Platinum Currency Returns Plus that, with effect from 15 July 2013, the following change of the investment policy of the sub-fund: the OTC Swap Transactions has been linked to a notional portfolio of FX forward transactions which at all times match in composition and weighting the constituents of the relevant Underlying Asset, instead of index OTC Swap Transactions in relation to the relevant Underlying Asset.
8. On 24 June 2013, the Company communicated to shareholders of DB Platinum CROCI World the changing of the Underlying Asset of the Sub-Fund, which is the Deutsche Bank CROCI World USD Total Return Index for the Share Classes R1C-U and I1C-U and the Deutsche Bank CROCI World EUR Total Return Index for the Share Classes R1C-E and I1C-E (together referred to as the "Indices" and each as "Index"). With effect from 24 July 2013, Sub-Index 2 was added to each Index and in accordance with the definition of "Selection Date" under Section 6 of the Index Description, the Selection Date for Sub-Index 2 became the 5th calendar day of each month, and subject to any adjustments as specified in the definition of Selection Date.
9. On 23 October 2013, shareholders of the Company were notified that as from 25 November 2013, shareholders would be notified of developments concerning their investment in the Sub-Funds through the website www.dbxfunds.com or any other succeeding website thereto as specified in the current prospectus of each fund and going forward, such website would be the preferred communication media unless the applicable laws and regulations in Luxembourg or in the relevant foreign jurisdiction imposed other communication media.
10. On 14 January 2014, shareholders of the Company have been informed that as from 1 January 2014, shareholders located in Belgium will be notified of developments concerning their investment through the website www.fundinfo.com.
B) Determination of the Global Exposure The methodology used in order to calculate the Global Exposure resulting from the use of financial derivative instruments is the commitment approach in accordance with the CSSF Circular 11/512 for the following Sub-Funds: DB Platinum Commodity Euro DB Platinum European Inflation 2015 DB Platinum Dynamic Aktien Plus DB Platinum Branchen Stars DB Platinum CROCI Germany (no derivatives) DB Platinum Commodity USD DB Platinum EMLINTM Sovereign Bond Fund DB Platinum Agriculture Euro DB Platinum CROCI World DB Platinum Commodity Harvest DB Platinum Currency Returns Plus DB Platinum PWM CROCI Multi Fund DB Platinum Bonus DB Platinum CROCI Sectors Fund DB Platinum CROCI Asia Pacific Fund DB Platinum dbX-THF Equity Hedge Index Fund DB Platinum dbX-THF Event Driven Index Fund DB Platinum dbX-THF Systematic Macro Index Fund DB Platinum dbX-THF Credit and Convertible Index Fund DB Platinum Precious Metals DB Platinum CROCI Global Dividends DB Platinum CROCI US Dividends For other Sub-Funds listed below, the Value-at-Risk (VaR) approach is used. The VaR represents the maximum loss not exceeded with a given probability defined as the confidence level, over a given period of time to monitor the global exposure relating to derivative instruments
DB Platinum Information to Shareholders – unaudited (continued)
186
B) Determination of the Global Exposure (continued)
The Absolute VaR approach used for the following Sub-Funds shall not exceed 20% of the Sub-Fund's Net Asset Value (determined on the basis of a 99% confidence interval and a holding period of 20 business days).
The minimum, maximum and average VaR levels during the year are as follows:
Sub-Fund name Start End Minimum
VaR Average
VaR Maximum
VaR Type of Model Parameters
Average level of leverage
(*)
DB Platinum Omega 01/02/2013 31/01/2014 10.05% 12.25% 15.45%
Monte Carlo
simulation 99%
- 20 days 211%
DB Platinum TT International 01/02/2013 31/01/2014 1.96% 3.79% 6.51%
Monte Carlo
simulation 99%
- 20 days 1,064%
DB Platinum Loomis Sayles 01/07/2013 31/01/2014 0.00% 1.18% 2.16%
Monte Carlo
simulation 99%
- 20 days 190% (*) Input data are issued on a daily basis. The levels of leverage are determined by summing the notional of the derivatives used in absolute terms, without taking hedging/netting arrangements into account.