SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENT OF ADDITIONAL INFORMATION

Xtrackers S&P MidCap 400 ESG ETF (MIDE)

Xtrackers S&P SmallCap 600 ESG ETF (SMLE)

Each fund is classified as “diversified.” All references to each fund being “non-diversified” are hereby deleted.

The following disclosure is added to the “Diversification Status” sub-section under the “INVESTMENT RESTRICTIONS”heading of the funds' Statement of Additional Information:

Xtrackers S&P MidCap 400 ESG ETF and Xtrackers S&P SmallCap 600 ESG ETF are classified as “diversified” under the 1940 Act.

Please Retain This Supplement for Future Reference

February 27, 2024

SAISTKR24-07