Morningstar Magazine - June/July 2018 - 42

VANILLA
NEVER
VANILLA
NEVER
VANILLA NEVER
TASTED
SO
GOOD.
VANILLA
NEVER
TASTED
SO
GOOD.
TASTED SO GOOD.
TASTED
SO GOOD.
HYLB
HYLB
HYLB
HYLB

With With
one of
theoflowest-cost
exposures
to theto the
one
the lowest-cost
exposures
high-yield
bondbond
market,
Xtrackers
USD USD
High High
Yield
high-yield
market,
Xtrackers
With one
ofETF
the is
lowest-cost
exposures
to the Yield
Corporate
Bond
anything
but
plain.
Corporate
Bond
ETF
is
anything
but
plain.
high-yield bond market, Xtrackers USD High Yield
ETF is anything
With Corporate
one of theBond
lowest-cost
exposuresbut
to plain.
the
high-yield
bond market, Xtrackers USD High Yield
xtrackers.com
xtrackers.com
Corporate Bond ETF is anything but plain.

xtrackers.com

Risks: Risks:
Bond investments
are subject
to interest
rate, credit,
liquidity
and market
risks torisks
varying
degrees.
Credit Credit
risk refers
to the to
ability
of an issuer
to
Bond investments
are subject
to interest
rate, credit,
liquidity
and market
to varying
degrees.
risk refers
the ability
of an issuer
to
make timely
payments
of principal
and interest.
Foreign
investing
involves
greatergreater
risk, including
currency
fluctuations,
less liquidity,
less developed
or lessor less
make timely
payments
of principal
and interest.
Foreign
investing
involves
risk, including
currency
fluctuations,
less liquidity,
less developed
efficient
trading
markets,
lack ofare
comprehensive
company
information,
political
instability
differing
auditing
and legal
investing
in to in
Risks:
Bond
investments
subject
to interest
rate,
credit,information,
liquidity
andpolitical
market
risksand
to varying
degrees.
Credit
risk
refers
to theFunds
ability
of aninvesting
issuer
efficient
trading
markets,
lack
of comprehensive
company
instability
and differing
auditing
andstandards.
legal standards.
Funds
a single
industry
(orpayments
group
of of
industries),
country
or in Foreign
aor
limited
geographic
regiongreater
generally
are
more
than
more
funds.funds.
Investments
in or less
make
timely
principal
and interest.
investing
involves
risk,
including
currency
fluctuations,
liquidity,
less developed
a
single
industry
(or group
of industries),
country
in a limited
geographic
region
generally
are volatile
more
volatile
than diversified
moreless
diversified
Investments
in
lower-quality
bonds")
andlack
non-rated
securities
present
greater
risk of risk
loss
in differing
higher-quality
securities.
This
fund
non-diversified
efficient("junk
trading
markets,
of comprehensive
company
information,
political
instability
and
auditing
andsecurities.
legal
standards.
Funds
investing in
lower-quality
("junk
bonds")
and
non-rated
securities
present
greater
ofthan
lossinvestments
than investments
in higher-quality
Thisisfund
is non-diversified
Risks:
Bond
investments
are
subject
to
interest
rate,
credit,
liquidity
and
market
risks
to
varying
degrees.
Credit
risk
refers
to
the
ability
of
an
issuer
to
and
can
take
larger
positions
in
fewer
issues,
increasing
its
potential
risk.
a single
(or positions
group of industries),
country
or in a limited
geographic
and
can industry
take larger
in fewer issues,
increasing
its potential
risk. region generally are more volatile than more diversified funds. Investments in
make timely
payments
of principal
and non-rated
interest. Foreign
investing
involves
greater
risk, than
including
currencyinfluctuations,
less
liquidity, This
less fund
developed
or less
lower-quality
("junk
bonds") the
and
securities
present
greater
riskcharges
of loss
investments
higher-quality
securities.
is non-diversified
Prospectus:
Carefully
consider
fund's
investment
objectives,
risks,
and
before
investing.
This and
other
information
efficient
trading
markets,
lack
of
comprehensive
company
information,
political
instability
andexpenses
differing
auditing
and legal
standards.
Funds
investing
in
Prospectus:
Carefully
consider
the issues,
fund's
investment
objectives,
risks,
charges
and expenses
before
investing.
This
and other
information
and
can take
larger
positions
in fewer
increasing
its potential
risk.
can
be
found
in
the
fund's
prospectuses,
which
may
be
obtained
at
xtrackers.com.
Read
the
prospectuses
carefully
before
you
invest.
a single
industry
(or group
industries),
country or in
a limited
region
generally are more
volatile
than more diversified
funds.
Investments
in
can
be found
in theoffund's
prospectuses,
which
maygeographic
be obtained
at xtrackers.com.
Read
the prospectuses
carefully
before
you invest.
Prospectus:
consider
thesecurities
fund's investment
objectives,
risks,
charges
andinexpenses
before
investing.
and
otherto
information
lower-quality
("junk Carefully
bonds")
and
non-rated
present greater
risk
of loss
than
investments
higher-quality
securities.
ThisThis
fund
isdirected
non-diversified
Ordinary
brokerage
commissions
apply.
Nothing
contained
herein
is
fiduciary
or
impartial
investment
advice
that
is
individualized
or
any
Ordinary
brokerage
commissions
apply.
Nothing
contained
herein is at
fiduciary
or impartialRead
investment
advice that iscarefully
individualized
or directed
to any
can
belarger
found
inorthe
prospectuses,
which
may
be obtained
xtrackers.com.
the
prospectuses
before
youare
invest.
and can
take
positions
in fewer
issues,
increasing
its potential
risk.
plan,
plan
IRAfund's
owner
regarding
the advisability
of any
investment
transaction,
including
any
IRA
distribution
or rollover.
ETF
Shares
notare not
plan,participant,
plan participant,
or
IRA owner
regarding
the advisability
of
any investment
transaction,
including
any
IRA distribution
or rollover.
ETF Shares
individually
redeemable,
and
owners
of
Shares
may
acquire
those
Shares
from
the
Fund,
or
tender
such
Shares
for
redemption
to
the
Fund,
in
Creation
Ordinary
brokerage
commissions
apply.
Nothing
contained
herein
is charges
fiduciary
orFund,
impartial
investment
advicefor
that
is individualized
or
directed
to any
Prospectus:
Carefully
consider
fund's
investment
objectives,
risks,
expenses
before
investing.
This
and other
individually
redeemable,
andthe
owners
of
Shares
may acquire
those
Shares
from theand
or tender
such Shares
redemption
to the information
Fund,
in Creation
Units
only.
The
brand
DWS
represents
DWS
Group
GmbH
&
KGaA
and
any
ofany
its subsidiaries,
as
DWS
Inc.,before
offers
investment
plan,
plan
participant,
orprospectuses,
IRArepresents
owner
regarding
the
advisability
of any
transaction,
including
any
IRA distribution
orwhich
rollover.
ETF
Shares
are not
can be
found
in
thebrand
fund's
which
may
beCo.
obtained
at investment
xtrackers.com.
Read such
the
prospectuses
carefully
you
invest.
Units
only.
The
DWS
DWS
Group
GmbH
& Co.
KGaA
and
of
its subsidiaries,
such
as Distributors,
DWS
Distributors,
Inc.,
which
offers
investment
products,
or Deutsche
Investment
Americas
Inc. and
RREEF
America
L.L.C.,
which
offer
advisory
services.
ETFs
managed
individually
andManagement
owners
of Shares
may
acquire
those
from
the Fund,
orwhich
tender
suchadvisory
Shares
for Xtrackers
redemption
to theare
Fund,
in managed
Creation
products,
orredeemable,
Deutsche
Investment
Management
Americas
Inc.
andShares
RREEF
America
L.L.C.,
offer
services.
Xtrackers
ETFs
are
Ordinary
brokerage
commissions
apply.
Nothing
contained
herein
is
fiduciary
or impartial
investmentThe
advice
that are
isDistributors,
individualized
orsubsidiaries
directed
to any
by
DBX
Advisors
LLC
(the
"Advisors")
and
are
distributed
by
ALPS
Distributors,
Incsubsidiaries,
("ALPS").
advisors
wholly
owned
ofinvestment
Units
only.
The
brand
DWS
DWS
Group
& Co.
KGaA
andDistributors,
any
of its
such
as
DWS
Inc.,
which
offers
by
DBX
Advisors
LLC
(therepresents
"Advisors")
and
are GmbH
distributed
by
ALPS
Inc ("ALPS").
The
advisors
are wholly
owned
subsidiaries
of
plan, plan
participant,
or affiliated
IRA Investment
owner
regarding
thebank
advisability
of any
investment
transaction,
including
any
IRA
distribution
or rollover.
ETF
Shares
are
not
DWS
Group
andor
are
not
with
ALPS.
No
I Not
FDIC
insured
I MayL.L.C.,
©
2018
DWS
GmbH
& Co.
KGaA.
Allare
rights
products,
Deutsche
Management
Americas
Inc.
and
RREEF
which
offer
services.
Xtrackers
ETFs
managed
DWS
Group
and
are not
affiliated
with
ALPS.
Noguarantee
bank guarantee
I Not
FDICAmerica
insured
Ilose
Mayvalue.
lose
value.
©advisory
2018 Group
DWS
Group
GmbH
& Co.
KGaA.
All rights
individually
redeemable,
and
owners
of
Shares
may
acquire
those
Shares
from
the
Fund,
or
tender
such
Shares
for
redemption
to
the
Fund,
in
Creation
reserved.
ETF189788
R-052958-1
DBX003391
by
DBX
Advisors
LLC
(the(5/18)
"Advisors")
and(5/19)
are distributed
by ALPS Distributors, Inc ("ALPS"). The advisors are wholly owned subsidiaries of
reserved.
ETF189788
R-052958-1
(5/18)
DBX003391
(5/19)
Units only.
brand
represents
& Co.
KGaA and
of its
subsidiaries,
such
as DWS
Distributors,
Inc.,GmbH
which&offers
investment
DWSThe
Group
andDWS
are not
affiliatedDWS
with Group
ALPS. GmbH
No bank
guarantee
I Notany
FDIC
insured
I May lose
value.
© 2018
DWS Group
Co. KGaA.
All rights
products,
or Deutsche
Investment
Management
Americas Inc.
and RREEF America L.L.C., which offer advisory services. Xtrackers ETFs are managed
reserved.
ETF189788
R-052958-1
(5/18) DBX003391
(5/19)
by DBX Advisors LLC (the "Advisors") and are distributed by ALPS Distributors, Inc ("ALPS"). The advisors are wholly owned subsidiaries of
DWS Group and are not affiliated with ALPS. No bank guarantee I Not FDIC insured I May lose value. © 2018 DWS Group GmbH & Co. KGaA. All rights

http://www.xtrackers.com http://www.xtrackers.com

Table of Contents for the Digital Edition of Morningstar Magazine - June/July 2018