The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 09-30-2020
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DEUTSCHE BANK AG\
Address: Taunusanlage 12 D-60325
Frankfurt Am Main, 2M  00000
Form 13F File Number: 028-10103

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Michael Caro
Title: Assistant Vice President
Phone: 904-527-5258
Signature, Place, and Date of Signing:
Michael Caro JacksonvilleFL 11-12-2020
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-17598 Russell Investments Group, Ltd.
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 16
Form 13F Information Table Entry Total: 18,566
Form 13F Information Table Value Total: 145,394,935
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-13777 Deutsche Bank Trust Co Americas
2 028-05033 BT ALEX BROWN INC /
6 028-10155 DWS Investment GmbH
10 028-10249 DWS INVESTMENT MANAGEMENT AMERICAS, INC
11 028-04760 RREEF AMERICA LLC
19 028-11509 Deutsche Bank (Suisse) SA
20 028-11997 DEUTSCHE BANK NATIONAL TRUST CO
21 028-11998 Deutsche Bank Trust CO Delaware
23 028-12000 Deutsche Bank Trust Company, National Association
28 028-19530 Deutsche Oppenheim Family Office AG
33 028-13988 DWS Investments UK Ltd
287 028-18169 DBX Advisors LLC
422 028-19303 DWS Investments Hong Kong Ltd
462 028-19301 DWS CH AG
482 028-19307 DWS Investment S.A.
483 028-19304 DWS International GmbH