Fund Description: Deutsche X-trackers Emerging Markets Bond - Interest Rate Hedged 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 Emerging Markets Bond seeks investment results that correspond generally to the performance, before fees and expenses, of the DBIQ Emerging Markets Bond- Interest Rate Hedged Index. INDEX DESCRIPTION: The DBIQ Emerging Markets Bond- Interest Rate Hedged Index is comprised of (a) long positions in U.S. dollar-denominated government bonds issued by emerging market countries, and (b) short positions in U.S. Treasury notes or bonds of, in aggregate, approximate equivalent duration to the emerging markets sovereign bonds. By taking these short positions, the Index seeks to mitigate the potential negative impact of rising Treasury interest rates on the performance of emerging markets sovereign bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of emerging markets sovereign bonds, such as credit risk, which may have a greater impact than rising or falling interest rates. The Index consists of bonds issued by emerging markets sovereign and quasi-sovereign entities that (i) are denominated in U.S. dollars, (ii) have more than two years to maturity if already part of the Index or two and half years to maturity upon entering the Index, and (iii) have an outstanding float of at least $1 billion. The eligible countries are Brazil, Chile, China, Colombia, Croatia, Ecuador, El Salvador, Hungary, Indonesia, Kazakhstan, Latvia, Lebanon, Lithuania, Malaysia, Mexico, Panama, Peru, Poland, Qatar, Romania, Russia, South Africa, Sri Lanka, Turkey, Ukraine, Uruguay, Venezuela, Argentina, Egypt, Philippines; however that may change over time. The bonds included in the Index may be rated below investment grade (junk bonds). FUND STRATEGY: The Fund, using a passive or indexing investment approach, attempts to track the performance of the Index. The Fund will invest in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds or funds (including exchange-traded funds, interest rates or indexes. The Fund primarily invests in derivatives as a substitute for obtaining short exposure in Treasury Securities. These derivatives principally include futures contracts to obtain short exposure to Treasury Securities. 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 normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes in U.S. dollar-denominated sovereign bonds issued by emerging market countries. In addition, the Fund will invest at least 80% of its total assets, but typically far more, in instruments that comprise the Index. FUND MANAGEMENT: DBX Advisors LLC. serves as Investment Adviser to the Fund. TDAM USA, Inc. serves as Sub-adviser to the Fund.