Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 568

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 568
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     |     0 |     |     0 |     |            0 |     |     0 |     |    0 |     |     0 |     |     0 |
| Foreign exchange                       |     |            0 |     |   0 |     |    0 |     |     0 |     |     0 |     |            0 |     |     0 |     |    0 |     |     0 |     |     0 |
| Other                                  |     |            8 |     |   0 |     |    0 |     |     0 |     |     8 |     |            2 |     |     0 |     |    0 |     |     0 |     |     2 |
| Total fair value of quotedplan assets  |     |        1,248 |     |  21 |     |  313 |     |   109 |     | 1,691 |     |        1,566 |     | 1,110 |     |  503 |     |    99 |     | 3,278 |

1 Allocation of equity exposure is broadly in line with the typical index in the respective market, e.g. the equity portfolio’s benchmark of the UK retirement benefit plans is the MSCI All Countries World Index

2 Investment-grade means BBB and above. Average credit rating exposure for the Group’s main plans is around A

| 303 |

| Deutsche Bank      |
| Annual Report 2024 |

The following tables show the asset allocation of the “quoted” and “other” defined benefit plan assets by key geography in which they are invested.

|                                                  |     | Dec 31, 2024 |     |               |     |              |     |               |     |                         |     |                 |     |        |
|:-------------------------------------------------|:----|-------------:|:----|--------------:|:----|-------------:|:----|--------------:|:----|------------------------:|:----|----------------:|:----|-------:|
| in € m.                                          |     |      Germany |     | UnitedKingdom |     | UnitedStates |     | OtherEurozone |     | Otherdevelopedcountries |     | Emergingmarkets |     |  Total |
| Cash and cash equivalents                        |     |          -20 |     |           172 |     |           30 |