DEUTSCHE XTRACKERS JAPAN JPXNIKKEI 400 HEDGED EQUITY ETF (JPNH) Exchange: NYSE ARCA

DELISTED - 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 the performance of equity securities of issuers who are primarily listed on the JASDAQ Stock Exchange (“JASDAQ”) or the following sections of the Tokyo Stock Exchange (“TSE”): the first section (for large companies), the second section (for middle-sized companies) and the “Mothers” (for high-growth and emerging stocks) while mitigating exposure to fluctuations between the value of the Japanese yen and the U.S. dollar. The Fund may achieve its investment objective by investing a substantial portion of its assets in the Deutsche X-trackers Japan JPX-Nikkei 400 Equity ETF (the “Underlying Fund”), though the Fund may also invest directly in the stocks included in the Underlying Index. The Underlying Fund uses a representative sampling indexing strategy in seeking to correspond generally to the performance, before fees and expenses, 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 comprised of the equity securities of the 400 highest scoring issuers listed on the JASDAQ and TSE, as measured in return on equity, cumulative operating profit and current market value. The Fund will invest at least 80% of its total assets (but typically far more) in component securities of the Underlying Index (including indirect investments through the Underlying Fund). As of June 30, 2016, the Underlying Index consisted of 400 securities with an average market capitalization of approximately $8.68 billion and a minimum market capitalization of approximately $259.0 million. The Fund enters into forward currency contracts designed to offset the Fund’s exposure to the Japanese yen. The Fund hedges the Japanese yen to the U.S. dollar by selling Japanese yen currency forwards 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 Underlying Index to the Japanese yen 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 Japanese yen relative to the U.S. dollar. The Fund may use non-deliverable forward (“NDF”) contracts to execute its hedging transactions. An NDF is a contract where there is no physical settlement of two currencies at maturity (as opposed to deliverable forward contracts, which per their terms are settled by physical delivery of the currencies). Rather, based on the movement of the currencies and the contractually agreed upon exchange rate, a net cash settlement is made by one party to the other in U.S. dollars. 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 Japanese issuers (including indirect investments through the Underlying Fund) and in instruments designed to hedge against the Fund’s exposure to the Japanese yen. As of June 30, 2016, the Underlying Index was solely comprised of issuers in Japan. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets, including indirectly through investing in the Underlying Fund) in a particular industry or group of industries to the extent that its Underlying Index is concentrated. As of June, 2016, the Underlying Index was substantially comprised of issuers in the industrials (21.8%) and consumer discretionary (17.0%) sectors.