Supplement to the currently effective STATEMENT OF ADDITIONAL INFORMATION

Xtrackers USD High Yield Corporate Bond ETF (HYLB)

Xtrackers Short Duration High Yield Bond ETF (SHYL)

Xtrackers High Beta High Yield Bond ETF (HYUP)

Xtrackers Low Beta High Yield Bond ETF (HYDW)

Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM)

The following information replaces the existing tables for Xtrackers USD High Yield Corporate Bond ETF, Xtrackers Short Duration High Yield Bond ETF, Xtrackers High Beta High Yield Bond ETF, Xtrackers Low Beta High Yield Bond ETF and Xtrackers Risk Managed USD High Yield Strategy ETF in “Part I: Appendix I-D – Portfolio Management” of the funds’ Statement of Additional Information. The information for Jeff Lenamon, Jason Meyerberg and Nancy Thai is provided as of May 31, 2024, and the information for Benjamin Spalding is provided as of the fiscal year end of the funds.

Fund Ownership of Portfolio Managers

Xtrackers USD High Yield Corporate Bond ETF

Name of Portfolio Manager	Dollar Range of Fund Shares Owned
Jeff Lenamon	$0
Jason Meyerberg	$0
Benjamin Spalding	$0
Nancy Thai	$0

Xtrackers Short Duration High Yield Bond ETF

Name of Portfolio Manager	Dollar Range of Fund Shares Owned
Jeff Lenamon	$0
Jason Meyerberg	$0
Benjamin Spalding	$0
Nancy Thai	$0

Xtrackers High Beta High Yield Bond ETF

Name of Portfolio Manager	Dollar Range of Fund Shares Owned
Jeff Lenamon	$0
Jason Meyerberg	$0

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Name of Portfolio Manager Dollar Range of
Fund Shares Owned

Benjamin Spalding	$0
Nancy Thai	$0

Xtrackers Low Beta High Yield Bond ETF

Name of Portfolio Manager	Dollar Range of Fund Shares Owned
Jeff Lenamon	$0
Jason Meyerberg	$0
Benjamin Spalding	$0
Nancy Thai	$0

Xtrackers Risk Managed USD High Yield Strategy ETF

Name of Portfolio Manager	Dollar Range of Fund Shares Owned
Jeff Lenamon	$0
Jason Meyerberg	$0
Benjamin Spalding	$0
Nancy Thai	$0

Conflicts of Interest

Xtrackers USD High Yield Corporate Bond ETF

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager	Number of Registered Investment Companies	Total Assets of Registered Investment Companies	Number of Investment Company Accounts with Performance Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	8	$489,436,743	0	$0
Nancy Thai	7	$1,154,851,607	0	$0

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Xtrackers USD High Yield Corporate Bond ETF

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager	Number of Pooled Investment Vehicles	Total Assets of Pooled Investment Vehicles	Number of Pooled Investment Vehicle Accounts with Performance-Based Fee	Total Assets of Performance-Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	0	$0	0	$0
Nancy Thai	0	$0	0	$0

Xtrackers USD High Yield Corporate Bond ETF

Other Accounts Managed:

Name of Portfolio Manager	Number of Other Accounts	Total Assets of Other Accounts	Number of Other Accounts with Performance-Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	5	$536,012,105	0	$0
Nancy Thai	5	$571,198,231	0	$0

Xtrackers Short Duration High Yield Bond ETF

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager	Number of Registered Investment Companies	Total Assets of Registered Investment Companies	Number of Investment Company Accounts with Performance Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	8	$4,265,899,202	0	$0
Nancy Thai	7	$4,307,037,491	0	$0

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Xtrackers Short Duration High Yield Bond ETF

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager	Number of Pooled Investment Vehicles	Total Assets of Pooled Investment Vehicles	Number of Pooled Investment Vehicle Accounts with Performance-Based Fee	Total Assets of Performance-Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	0	$0	0	$0
Nancy Thai	0	$0	0	$0

Xtrackers Short Duration High Yield Bond ETF

Other Accounts Managed:

Name of Portfolio Manager	Number of Other Accounts	Total Assets of Other Accounts	Number of Other Accounts with Performance-Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	5	$536,012,105	0	$0
Nancy Thai	5	$571,198,231	0	$0

Xtrackers High Beta High Yield Bond ETF

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager	Number of Registered Investment Companies	Total Assets of Registered Investment Companies	Number of Investment Company Accounts with Performance Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	8	$4,336,621,452	0	$0
Nancy Thai	7	$4,400,512,529	0	$0

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Xtrackers High Beta High Yield Bond ETF

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager	Number of Pooled Investment Vehicles	Total Assets of Pooled Investment Vehicles	Number of Pooled Investment Vehicle Accounts with Performance-Based Fee	Total Assets of Performance-Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	0	$0	0	$0
Nancy Thai	0	$0	0	$0

Xtrackers High Beta High Yield Bond ETF

Other Accounts Managed:

Name of Portfolio Manager	Number of Other Accounts	Total Assets of Other Accounts	Number of Other Accounts with Performance-Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	5	$536,012,105	0	$0
Nancy Thai	5	$571,198,231	0	$0

Xtrackers Low Beta High Yield Bond ETF

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager	Number of Registered Investment Companies	Total Assets of Registered Investment Companies	Number of Investment Company Accounts with Performance Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	8	$4,125,592,411	0	$0
Nancy Thai	7	$4,197,253,272	0	$0

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Xtrackers Low Beta High Yield Bond ETF

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager	Number of Pooled Investment Vehicles	Total Assets of Pooled Investment Vehicles	Number of Pooled Investment Vehicle Accounts with Performance-Based Fee	Total Assets of Performance-Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	0	$0	0	$0
Nancy Thai	0	$0	0	$0

Xtrackers Low Beta High Yield Bond ETF

Other Accounts Managed:

Name of Portfolio Manager	Number of Other Accounts	Total Assets of Other Accounts	Number of Other Accounts with Performance-Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	5	$536,012,105	0	$0
Nancy Thai	5	$571,198,231	0	$0

Xtrackers Risk Managed USD High Yield Strategy ETF

Other SEC Registered Investment Companies Managed:

Name of Portfolio Manager	Number of Registered Investment Companies	Total Assets of Registered Investment Companies	Number of Investment Company Accounts with Performance Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	8	$4,304,674,514	0	$0
Nancy Thai	7	$4,367,772,400	0	$0

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Xtrackers Risk Managed USD High Yield Strategy ETF

Other Pooled Investment Vehicles Managed:

Name of Portfolio Manager	Number of Pooled Investment Vehicles	Total Assets of Pooled Investment Vehicles	Number of Pooled Investment Vehicle Accounts with Performance-Based Fee	Total Assets of Performance-Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	0	$0	0	$0
Nancy Thai	0	$0	0	$0

Xtrackers Risk Managed USD High Yield Strategy ETF

Other Accounts Managed:

Name of Portfolio Manager	Number of Other Accounts	Total Assets of Other Accounts	Number of Other Accounts with Performance-Based Fee	Total Assets of Performance Based Fee Accounts
Jeff Lenamon	0	$0	0	$0
Jason Meyerberg	0	$0	0	$0
Benjamin Spalding	5	$536,012,105	0	$0
Nancy Thai	5	$571,198,231	0	$0

Please Retain This Supplement for Future Reference

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