Regelmäßige Informationen zu den in Artikel 8 Absätze 1, 2 und 2 a der Verordnung (EU) 2019/2088 und Artikel 6 Absatz 1 der Verordnung (EU) 2020/852 genannten Finanzprodukten

中文标题

关于条例(EU) 2019/2088 第 8 条第 1,、2 和 2 款以及条例(EU) 2020/852 第 6 条第 1 款所提及金融产品的定期披露信息

Deutsche Bank09/04/2026updated 10/17/2026

Unknown economy

Citable research brief

Core conclusion · Tlines extraction

The report covers the EU SFDR Article 8 periodic disclosures for Deutsche Bank's DB Strategic Asset Allocation (SAA) (Plus) product. It confirms adherence to MSCI positive screens and PAI consideration for greenhouse gas emissions and social/employment factors during 2025, while clarifying that no sustainable investments are targeted and no minimum EU Taxonomy alignment is assured.

Institution: Deutsche Bank
Published: 09/04/2026
Research topic: Fund ESG criteria · SAA · ESG monitoring and exit
Time horizon: ongoing · reporting period

Key arguments

The product promoted environmental/social characteristics but did not aim for sustainable investments.
MSCI positive lists with ESG ratings of at least 'A' (funds 'BBB' for certain categories) were applied.
Principal adverse impacts (PAIs) on greenhouse gas emissions and social/employment were considered for most funds.
Reporting is portfolio-specific; no general numbers are provided.
The discretionary approach does not consider EU taxonomy criteria for sustainable activities.
Fossil gas and nuclear energy taxonomy-aligned investments may be present.
Cash and short-term deposits are allowed as non-ESG investments, averaging around 5%.
Derivatives may be used for hedging purposes but are not ESG-aligned.

Key numbers

Minimum PAI coverage: 51%
Average cash allowance: about 5%
MSCI ESG rating threshold: A
Fund ESG threshold (EM/HY): BBB

Main risks

ESG criteria are not applied to cash and short-term deposits.
No ecological or social minimum safeguards for 'Other investments'.
Data availability from asset managers and issuers is not yet always sufficient for PAI consideration.
EU taxonomy alignment may fluctuate substantially over time.
Derivatives used may not align with ESG criteria.

Corresponding source evidence

Für alle anderen Investmentfonds ist Mindestvoraussetzung für die Aufnahme in eine Positiv -Liste, dass MSCI ein ESG -Rating von mindestens „A“ vergeben hat. · ongoing
Wenn ein Anlageinstrument die ESG -Kriterien nicht mehr erfüllt, so wird die Bank unter Wahrung der Interessen des Kunden vorrangig den Verkauf dieser Positio n anstreben . · ongoing
Diese Angaben, dienen ledi glich Reportingzwecken, inwiefern Anlagen (teilweise) im Einklang mit der EU -Taxonomie standen. Da der diskretionäre Portfoliomanagementansatz keine EU -Kriterien für ökologisch nachhaltige Wirtschaftsaktivitäten berücksichtigt, lassen die Angaben keine Rüc kschlüsse auf die zukünftige Entwicklung zu. · reporting period

Conditions / invalidation

If a fund is classified as Emerging Markets or High Yield, or invests in countries of the MSCI EM index, the threshold is BBB; otherwise it is A.
When an instrument no longer fulfills ESG criteria.
For investments under 'Other investments'.

Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.