Fund Description: Deutsche X-trackers Eurozone Equity ETF, formerly Deutsche X-trackers MSCI Southern Europe 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 Southern Europe Hedged Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the Nasdaq Eurozone Large Mid Cap Index, formerly MSCI Southern Europe US Dollar Hedged Index. INDEX DESCRIPTION: The Nasdaq Eurozone Large Mid Cap Index FUND STRATEGY: The Fund, using a passive or indexing investment approach, seeks investment results that correspond generally to 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 enters into forward currency contracts designed to offset the Fund’s exposure to the euro. A forward currency contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. The Fund (and the Underlying 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, this does not necessarily eliminate exposure to all currency fluctuations. The return of the forward currency contracts may not perfectly offset the actual fluctuations of the euro relative to the U.S. dollar. 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 located in Southern European countries (specifically, Italy, Portugal and Spain) and in instruments designed to hedge against the Fund’s exposure to the euro. 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 and utilities sectors at the time of the Fund's IPO but may change over time. FUND MANAGEMENT: DBX Advisors, LLC serves as the Investment Adviser to the Fund. TDAM USA, Inc. serves as the Sub-Adviser to the Fund.