Fund Description: Deutsche X-trackers FTSE Developed ex US Comprehensive Factor ETF, formerly Deutsche X-trackers FTSE Developed ex US Enhanced Beta 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 FTSE Developed ex US Comprehensive Factor ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the FTSE Developed ex US Comprehensive Factor Index. INDEX DESCRIPTION: The FTSE Developed ex US Comprehensive Factor Index is designed to track the equity market performance of companies in developed countries (except the United States) selected on the investment style criteria (factors) of value, momentum, quality, low volatility and size. The companies eligible for the Index are derived from its starting universe, the FTSE Developed ex US Index, which is comprised of large- and mid-capitalization equity securities from developed markets (except the United States). The index provider, FTSE International Limited, selects companies for the Index using a proprietary rules-based multi-factor selection and weighting process designed to increase the Index’s exposure, relative to the starting universe of the five factors. Companies are weighted based on their relative exposure to all five factors. FUND STRATEGY: The Fund, using a passive or indexing investment approach, attempts to track the performance of the Index. The Fund uses a representative sampling indexing strategy in seeking to track the Index, meaning it generally will invest in a sample of securities in the index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. The Fund will invest at least 80% of its total assets (but typically far more) in component securities (including depositary receipts in respect of such securities) of 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 of issuers from developed markets countries other than the United States. 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 industrials sector (21.2%), the financial services sector (20.8%), the consumer services sector (15.8%) and the consumer goods sector (15.5%) but that may change over time. FUND MANAGEMENT: DBX Advisors LLC. serves as Investment Adviser to the Fund.