db x-trackers MSCI Europe TRN Index ETF reported audited earnings results for the year ended December 31, 2011. For the year 2011, the company reported net loss from investments of EUR 309,542 and net realised loss of EUR 14,113,869. Net asset value per share as at December 31, 2011, on class 1C share was EUR 12.87 compared to EUR 14.24 a year ago.