Fund Description: Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF is an exchange-traded index fund or index ETF which is a separate portfolio of the DBX ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the CSI 300 USD Hedged Index. INDEX DESCRIPTION: The CSI 300 USD Hedged Index is designed to reflect the price fluctuation and performance of the China A-Share market hedged against the U.S. dollar. The Index includes the 300 largest and most liquid stocks in the China A-Share market. The Index includes small-cap, mid-cap, and large-cap stocks. Currently, the Fund achieves its investment objective by investing a substantial portion of its assets in the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF, the Underlying Fund. A-Shares are equity securities issued by companies incorporated in mainland China and are denominated and traded in RMB on the Shenzhen and Shanghai Stock Exchanges. The Adviser expects to obtain exposure to the A-Share components of the Index indirectly by investing in the Underlying Fund. To obtain exposure to the currency hedging component of the Index, the Adviser intends to invest directly in currency forward contracts. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities of issuers that comprise the Underlying Index (including indirect investments through the Underlying Fund) and in instruments designed to hedge against the Fund’s exposure to the RMB. The Fund will seek to achieve its investment objective by primarily investing indirectly in A-shares through the Underlying Fund and in forward currency contracts. The Underlying Fund may also invest through Stock Connect, a securities trading and clearing program between the Shanghai Stock Exchange, China Securities Depository and Clearing Corp. Ltd. and Hong Kong Securities Clearing Co. Ltd. designed to permit mutual stock market access between mainland China and Hong Kong by allowing investors to trade and settle shares on each market via their local exchanges. Representative sampling is an indexing strategy that is used which involves investing in a representative sample of securities that collectively has an investment profile similar to the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield), and liquidity measures similar to those of the Index. The Underlying Fund may or may not hold all of the securities in the Index. The Underlying Fund also may invest in securities of issuers not included in the Index, futures contracts, swap contracts and other types of derivative instruments, and other pooled investment vehicles. The remainder of the Underlying Fund’s assets will be invested primarily in money market instruments and cash equivalents. The Fund hedges the RMB to the U.S. dollar by selling offshore RMB (referred to as CNH) currency forwards at the one-month forward rate published by WM/Reuters. FUND MANAGEMENT: DBX Advisors LLC serves as Investment Adviser to the Fund. Harvest Global Investments Limited (HGI) serves as Sub-adviser to the Fund, a licensed RQFII that obtained status as a Qualified Foreign Institutional Investor for the purpose of investing in the PRC’s domestic securities markets.