Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 567

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 567
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 77 |     |            2 |     |  -159 |     |    -2 |     |     0 |     |   -159 |
| Total fair value of plan assets        |     |       10,237 |     | 3,678 |     | 1,050 |     | 1,141 |     | 16,106 |     |       10,532 |     | 3,912 |     | 1,003 |     | 1,071 |     | 16,518 |

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

3 This position contains commingled funds which could not be segregated into the other asset categories

The following table sets out the Group’s funded defined benefit plan assets only invested in “quoted” assets, i.e. Level 1 assets in accordance with IFRS 13.

|                                        |     | Dec 31, 2024 |     |     |     |      |     |       |     |       |     | Dec 31, 2023 |     |       |     |      |     |       |     |       |
|:---------------------------------------|:----|-------------:|:----|----:|:----|-----:|:----|------:|:----|------:|:----|-------------:|:----|------:|:----|-----:|:----|------:|:----|------:|
| in € m.                                |     |      Germany |     |  UK |     | U.S. |     | Other |     | Total |     |      Germany |     |    UK |     | U.S. |     | Other |     | Total |
| Cash and cash equivalents              |     |         -118 |     | -56 |     |    3 |     |    12 |     |  -159 |     |           29 |     |    92 |     |   50 |     |    19 |     |   190 |
| Equity instruments1                    |     |          757 |     |   0 |     |  110 |     |    45 |     |   912 |     |