Fund Description: Deutsche X-trackers MSCI Eurozone Hedged Equity ETF, formerly Deutsche X-trackers MSCI EMU 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 MSCI Eurozone Hedged Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EMU IMI US Dollar Hedged Index. INDEX DESCRIPTION: The MSCI EMU IMI US Dollar Hedged Index is designed to track the performance of equity securities based in the countries in the European Monetary Union (the EMU), while seeking to mitigate exposure to fluctuations between the value of the U.S. dollar and the euro. The Index is composed of equities from countries in the EMU, or the Eurozone, that have adopted the euro as their common currency and sole legal tender. The Index consisted of securities from issuers in the following countries as of the date of the prospectus: Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain but was substantially comprised of issuers in France and Germany. FUND STRATEGY: The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Index. 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 Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities from issuers in the Eurozone. In addition, the Fund will invest at least 80% of its total assets, but typically far more, in instruments that comprise the Index. The Fund intends to enter into forward currency contracts designed to offset the Fund’s exposure to the euro. The Fund and the Index hedges the euro in the portfolio to U.S. dollars by selling the euro forward at the one-month forward rate published by WM/Reuters. The amount of forward contracts in the Fund is based on the aggregate exposure of the Fund and Index to the euro based on currency weights as of the beginning of each month. While this approach is designed to minimize the impact of currency fluctuations on Fund returns. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent that its Index is concentrated. The Index was substantially comprised of issuers in the financial services sector at the date of the prospectus. FUND MANAGEMENT: The Adviser, DBX Advisors LLC, has overall responsibility for the general management and administration of the Trust and oversight of the Sub-Adviser. TDAM USA Inc. serves as the Sub-Advisor and is responsible for the investment management of the Fund.