Fund Description: Xtrackers MSCI All China Equity ETF , formerly Deutsche X-trackers MSCI All China Equity ETF, formerly Deutsche X-trackers Harvest MSCI All China ETF, formerly db X-trackers Harvest MSCI All China Equity Fund 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 Xtrackers MSCI All China Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI China All Shares Index, formerly MSCI All China Index. INDEX DESCRIPTION: The MSCI China All Shares Index captures large and mid-cap representation across China A-shares, B-shares, H-shares, Red-chips, and P-chips. The index aims to reflect the opportunity set of China share classes listed in Hong Kong, Shanghai and Shenzhen. It is based on the concept of the integrated MSCI China equity universe with China A-shares included. FUND STRATEGY: The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Index. The Sub-Adviser expects to use a full replication indexing strategy to seek to track the Index and expects to invest directly in the component securities (or a substantial number of the component securities) of the Index in substantially the same weightings in which they are represented in the Index. The Adviser expects to invest in a representative sample of the component securities of the Index 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 Adviser expects to gain exposure to the China A share components of the Index by investing in the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR), an affiliated fund subadvised by Harvest Global Investments Limited. The Fund will normally invest at least 80% of its total assets in securities of issuers that comprise either directly or indirectly the Index or securities with economic characteristics similar to those included in the Index. While the Fund intends to invest primarily in H-Shares, B-Shares, Red chips, P chips, China securities listed in the U.S. and Singapore and shares of the db X-trackers China A-Shares Funds, the 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, including affiliated and/or foreign investment companies. The remainder of the Fund’s assets will be invested primarily in money market instruments and cash equivalents. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of Chinese companies or in derivative instruments and other securities that provide investment exposure to Chinese companies. FUND MANAGEMENT: Investment Adviser. DBX Advisors LLC serves as the Investment Adviser to the Fund.