Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) Exchange: NYSE ARCA

The Fund, using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Underlying Index, which is designed to track developed market performance. The Fund uses a representative sampling indexing strategy in seeking to track the Underlying 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 Underlying Index as a whole. The Underlying Index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI EAFE Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. 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 Underlying Index. The Underlying Index is a free float adjusted market capitalization weighted index. As of July 31, 2018, the Underlying Index consisted of 100 securities, with an average market capitalization of approximately $18.75 billion and a minimum market capitalization of approximately $1.54 billion from issuers in the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Underlying Index is rebalanced semi-annually in May and November, and thus the Fund rebalances its portfolio in corresponding fashion. The Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities located in developed countries in Europe, Australasia and the Far East. As of July 31, 2018, a significant percentage of the Underlying Index was comprised of securities of issuers from the United Kingdom (27.7%) and Germany (17.0%). 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 Underlying Index is concentrated. As of July 31, 2018, a significant percentage of the Underlying Index was comprised of issuers in the financial services (21.3%), healthcare (16.2%) and consumer discretionary (15.0%) sectors. Prior to February 13, 2018, the Fund sought investment results that corresponded generally to the performance, before the Fund’s fees and expenses, of the MSCI EAFE High Dividend Yield US Dollar Hedged Index (“Prior Underlying Index”).