August 31, 2022
Annual Report
DBX ETF Trust
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR)
Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG)
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG)
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)
Xtrackers S&P 500 ESG ETF (SNPE)
Xtrackers S&P MidCap 400 ESG ETF (MIDE)
Xtrackers S&P SmallCap 600 ESG ETF (SMLE)
DBX ETF Trust
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Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
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Board Considerations in Approval of Investment Advisory Contracts |
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To our Shareholders: (Unaudited)
Dear shareholder,
We are pleased to provide this annual report for eight of our equity ETFs tracking the environmental, social and governance (ESG) market for the period ended August 31, 2022.
The global economy’s recovery, supported by accommodative fiscal and monetary policies and rapid vaccination rollouts, was stalled by the emergence of the highly infectious Omicron variant of the coronavirus towards the end of 2021. Global equity markets started 2022 on a rough note as central banks shifted to a more hawkish stance in the face of rising inflation. The U.S. Federal Reserve emphasized on multiple rate hikes and mentioned the possibility of shrinking its balance sheet as a next step. The European Central Bank maintained its accommodative stance initially, but it has pivoted to a more hawkish tone lately as it made its first-rate hike since 2011 in July 2022. The sanctions placed on Russia following the ongoing Russia-Ukraine crisis pushed fuel prices to record levels.
ESG-focused funds’ flows and assets fell globally in 2022; meanwhile, global sustainable fund assets, which had expanded in Q4 2021, fell in the subsequent two quarters. Europe accounted for the lion’s share of the sustainable fund landscape, with 82% of global sustainable fund assets1. U.S.-domiciled sustainable funds bled USD1.6bn, their first quarter of outflows in more than five years. In the U.S., the Department of Labor proposed rules to permit fiduciaries of retirement plans to make allowances on ESG matters in their investment mandates. The Securities and Exchange Commission’s (SEC’s) semiannual regulatory agenda published in December 2021 included disclosure requirements on climate change, human capital management and corporate board diversity. The SEC also considered policies on cybersecurity governance, strategy and risk management.
The UK introduced a series of ESG-related rules and regulations, where all companies are currently required to include climate-related disclosures on a ‘comply or explain’ basis. In the European Union (EU), the sustainable finance disclosure regulation hastened the mainstreaming of ESG more than any other catalyst in the past year, designating funds that promote ESG characteristics, along with a sustainable investment objective. The EU started its implementation of the EU Taxonomy Regulation, which covers environmentally sustainable economic activities. Once fully implemented, it will cover 80% of all greenhouse gas emissions in the EU2. European authorities drafted a new Corporate Sustainability Reporting Directive (CSRD), which emphasizes on ‘double materiality,’ requiring companies to detail both their environmental impact and climate-related risks. To end the use of Russian natural gas by 2027, the EU acknowledged the need to burn more coal over the next decade3. However, EU officials believe that the block will achieve its targets to cut emissions by 55% by 20302.
We believe 2022 will be viewed as year of sudden and pivotal change, in both macroeconomic and financial conditions, affecting the global investment landscape, including ESG and the green transition. The positive ESG investment spree of the last decade might have taken a pause, as we can see by looking at global macroeconomic dynamics and the slowing down of institutional and retail investment flows observable in the market. Meanwhile, global record-high inflation levels and subsequent aggressive rate hikes by central banks have made investors jittery as expectations of a global slowdown and impending recession are on the rise.
Our team appreciates your trust and looks forward to serving your investment needs through innovative index-driven strategies.
Sincerely,
/s/ Freddi Klassen
Freddi Klassen
President and Chief Executive Officer
1 Source: Morningstar
2 Source: CNBC
3 Source: Conventus Law
Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Past performance is not a guarantee of future results.
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2
DBX ETF Trust
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR (the EMCR Index). The EMCR Index is comprised of large and mid-capitalization companies in emerging markets countries that meet certain environmental, social and governance (“ESG”) criteria and/or have committed to greenhouse gas emissions reduction targets. For the period ended August 31, 2022, EMCR shares returned -20.81%, compared to the EMCR Index return of -20.65%.
The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Information Technology, Consumer Discretionary and Communication Services. The Utilities and Energy sectors were the positive contributors to performance. From a geographical perspective, United Arab Emirates, South Africa and Qatar were the major positive contributors, while Hong Kong, the United States and South Korea contributed negatively to performance.
Xtrackers MSCI EAFE ESG Leaders Equity ETF
Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE ESG Leaders Index. (the EASG Index). The EASG Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies across developed markets countries, excluding Canada and the United States. For the period ended August 31, 2022 EASG shares returned -21.40%, compared to the EASG Index return of -21.50%.
The majority of the sectors contributed negatively to performance during the period with the greatest contribution coming from Industrials, Information Technology and Consumer Discretionary. The Energy sector was the only positive contributor to performance. From a geographical perspective, Norway, Singapore, and Israel were the major positive contributors, while Japan, Germany and Netherlands contributed negatively to performance.
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG), seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Emerging Markets ESG Leaders Index (the EMSG Index). The EMSG Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies across emerging markets countries. For the period ended August 31, 2022, EMSG shares returned -25.55%, compared to the EMSG Index return of -25.29%.
All sectors contributed negatively to performance during the period with the Consumer Discretionary, Information Technology and Communication Services sectors detracting the most from performance. From a geographical perspective, Indonesia, United Arab Emirates and Chile were the major positive contributors, while Hong Kong, Taiwan and South Korea contributed negatively to performance.
Xtrackers MSCI USA ESG Leaders Equity ETF
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the USSG Index). The USSG Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies in the U.S. market. For the period ended August 31, 2022, USSG shares returned -13.29%, compared to the USSG Index return of -13.22%.
The Majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Information Technology, Communication Services and Consumer Discretionary. The Energy, Consumer Staples and Utilities sectors contributed positively to performance.
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index (the “USNZ Index”) .The USNZ Index which is comprised of large and mid-capitalization companies in the United States that meet certain environmental, social and governance (“ESG “) criteria. The
3
DBX ETF Trust
Management’s Discussion of Fund Performance (Unaudited) (Continued)
constituents of the USNZ Index are weighted in such a manner seeking to comply with the European Union Paris-aligned Benchmark standards, while incorporating recommendations of the Net Zero Investment Framework published, from time to time, by the Institutional Investors Group on Climate Change. For the period June 28, 2022, to August 31, 2022, USNZ shares returned 0.84%, compared to the USNZ Index return of 0.84%.
The majority of sectors contributed positively to performance during the period with the greatest positive contributions coming from Information Technology, Consumer Discretionary and Financials. The Health Care, Communication Services and Real Estate sectors detracted most from the performance.
Xtrackers S&P 500 ESG ETF
Xtrackers S&P 500 ESG ETF (SNPE), seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 ESG Index (the SNPE Index). The SNPE Index is a broadbased, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Index. For the period ended August 31, 2022 SNPE shares returned -9.59%, compared to the SNPE Index return of -9.50%.
The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Information Technology, Communication Services and Consumer Discretionary. The Energy, Consumer Staples and Utilities sectors contributed positively to performance.
Xtrackers S&P MidCap 400 ESG ETF
Xtrackers S&P MidCap 400 ESG ETF (MIDE), seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index (the MIDE Index). The MIDE Index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P MidCap 400 Index. For the period ending August 31, 2022 MIDE shares returned -9.64%, compared to the MIDE Index return of -9.52%.
The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Consumer Discretionary, Information Technology and Health Care. The Energy, Utilities and Consumer Staples sectors contributed positively to performance.
Xtrackers S&P SmallCap 600 ESG ETF
Xtrackers S&P SmallCap 600 ESG ETF (SMLE), seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P SmallCap 600 ESG Index (the SMLE Index). The SMLE Index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P SmallCap 600 Index. For the period ending August 31, 2022 MIDE shares returned -10.43%, compared to the MIDE Index return of -10.28%.
The majority of sectors contributed negatively to performance during the period with the greatest negative contributions coming from Consumer Discretionary, Health Care and Information Technology. The Energy, Consumer Staples, and Utilities sectors contributed positively to performance.
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Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month-end performance data visit www.Xtrackers.com. Returns assume that dividends and capital gains distributions have been reinvested. See pages 6-21 of this report for additional performance information, including performance data based on market value.
The views expressed in this report reflect those of the portfolio management team only through the end of the period of the report as stated on the cover. The management team’s views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Current and future portfolio holdings are subject to risk.
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DBX ETF Trust
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR)
The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR (the “Underlying Index”). The Underlying Index is comprised of large and mid-capitalization companies in emerging markets countries that meet certain environmental, social and governance (“ESG”) criteria and/or have committed to greenhouse gas emissions reduction targets. The Underlying Index is then weighted in such a manner seeking to align its constituent companies’ greenhouse gas emissions with the long-term global warming target of the Paris Climate Agreement. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR2 |
MSCI Emerging Markets Index | |||||
One Year |
-20.81% | -21.11% | -20.65% | -21.80% | ||||
Since Inception1 |
4.31% | 4.18% | 4.54% | 1.97% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR2 |
MSCI Emerging Markets Index | |||||
One Year |
-20.81% | -21.11% | -20.65% | -21.80% | ||||
Since Inception1 |
17.10% | 16.56% | 18.06% | 7.56% |
1 Total returns are calculated based on the commencement of operations, December 6, 2018 (“Inception”).
2 On August 18, 2021, the Fund changed its Underlying Index from MSCI ACWI ex USA ESG Leaders Index to the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR. Returns reflect performance for the MSCI ACWI ex USA ESG Leaders Index through August 17, 2021.
Prior to August 18, 2021, the Fund was known as Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF (ASCG) and had a different investment strategy. Past performance may have been different if the Fund’s current investment strategy had been in effect.
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.15%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
6
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, December 6, 2018.
Sector Diversification* as of August 31, 2022 |
Financials |
26.1% | |||
Information Technology |
24.1% | |||
Consumer Discretionary |
13.3% | |||
Communication Services |
12.6% | |||
Materials |
6.1% | |||
Industrials |
5.6% | |||
Consumer Staples |
4.6% | |||
Health Care |
4.0% | |||
Utilities |
1.8% | |||
Real Estate |
1.6% | |||
Energy |
0.2% | |||
|
|
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Total |
100.0% |
Ten Largest
Equity Holdings as of August 31, 2022 (27.6% of Net Assets) |
Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) |
8.9% | |||
Tencent Holdings Ltd. (China) |
5.5% | |||
Samsung Electronics Co. Ltd. (South Korea) |
2.8% | |||
Alibaba Group Holding Ltd. (China) |
2.4% | |||
Meituan (China) |
2.3% | |||
Infosys Ltd. (India) |
1.6% | |||
China Construction Bank Corp. (China) |
1.3% | |||
JD.com, Inc. (China) |
1.0% | |||
Tata Consultancy Services Ltd. (India) |
0.9% | |||
Hon Hai Precision Industry Co. Ltd. (Taiwan) |
0.9% |
Country Diversification* as of August 31, 2022 |
China |
30.4% | |||
Taiwan |
18.9% | |||
India |
14.6% | |||
South Korea |
10.5% | |||
Brazil |
4.3% | |||
Saudi Arabia |
3.3% | |||
South Africa |
3.1% | |||
Mexico |
2.3% | |||
Indonesia |
2.1% | |||
United Arab Emirates |
2.1% | |||
Other |
8.4% | |||
|
|
|||
Total |
100.0% |
* As a percent of total investments excluding securities lending collateral and cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 24.
7
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG)
The Xtrackers MSCI EAFE ESG Leaders Equity ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE ESG Leaders Index (the “Underlying Index”). The Underlying Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies across developed markets countries, excluding Canada and the United States. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI EAFE ESG Leaders Index |
MSCI EAFE Index | |||||
One Year |
-21.40% | -21.92% | -21.50% | -19.80% | ||||
Since Inception1 |
1.82% | 1.72% | 1.78% | 1.45% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | MSCI EAFE ESG Leaders Index |
MSCI EAFE Index | |||||
One Year |
-21.40% | -21.92% | -21.50% | -19.80% | ||||
Since Inception1 |
7.46% | 7.04% | 7.31% | 5.92% |
1 Total returns are calculated based on the commencement of operations, September 6, 2018 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.14%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
8
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, September 6, 2018.
Sector Diversification* as of August 31, 2022 |
Financials |
17.4% | |||
Industrials |
15.3% | |||
Health Care |
15.2% | |||
Consumer Discretionary |
11.2% | |||
Consumer Staples |
9.5% | |||
Materials |
8.0% | |||
Information Technology |
7.9% | |||
Communication Services |
4.7% | |||
Energy |
4.5% | |||
Utilities |
3.3% | |||
Real Estate |
3.0% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (21.8% of Net Assets) |
Description | % of Net Assets | |||
Roche Holding AG (Switzerland) |
3.3% | |||
ASML Holding NV (Netherlands) |
2.9% | |||
AstraZeneca PLC (United Kingdom) |
2.8% | |||
Novo Nordisk A/S (Denmark) |
2.6% | |||
TotalEnergies SE (France) |
1.8% | |||
HSBC Holdings PLC (United Kingdom) |
1.8% | |||
Unilever PLC (United Kingdom) |
1.7% | |||
AIA Group Ltd. (Hong Kong) |
1.7% | |||
Commonwealth Bank of Australia (Australia) |
1.7% | |||
Sony Group Corp. (Japan) |
1.5% |
Country Diversification* as of August 31, 2022 |
Japan |
23.5% | |||
United Kingdom |
16.2% | |||
France |
10.5% | |||
Switzerland |
8.7% | |||
Australia |
8.5% | |||
Netherlands |
6.0% | |||
Germany |
5.6% | |||
Denmark |
4.5% | |||
Sweden |
3.2% | |||
Hong Kong |
2.8% | |||
Spain |
2.1% | |||
Other |
8.4% | |||
|
|
|||
Total |
100.0% |
* As a percent of total investments excluding exchange-traded funds, securities lending collateral and cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 40.
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DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG)
The Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Emerging Markets ESG Leaders Index (the “Underlying Index”). The Underlying Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies across emerging markets countries. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI Emerging Markets ESG Leaders Index |
MSCI Emerging Markets Index | |||||
One Year |
-25.55% | -26.42% | -25.29% | -21.80% | ||||
Since Inception1 |
1.55% | 1.23% | 1.88% | 1.97% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | MSCI Emerging Markets ESG Leaders Index |
MSCI Emerging Markets Index | |||||
One Year |
-25.55% | -26.42% | -25.29% | -21.80% | ||||
Since Inception1 |
5.90% | 4.67% | 7.23% | 7.56% |
1 Total returns are calculated based on the commencement of operations, December 6, 2018 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.20%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
10
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, December 6, 2018.
Sector Diversification* as of August 31, 2022 |
Financials |
20.7% | |||
Information Technology |
19.0% | |||
Communication Services |
14.9% | |||
Consumer Discretionary |
14.0% | |||
Materials |
7.3% | |||
Consumer Staples |
5.7% | |||
Industrials |
5.4% | |||
Energy |
4.9% | |||
Health Care |
3.9% | |||
Utilities |
2.5% | |||
Real Estate |
1.7% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (37.6% of Net Assets) |
Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) |
11.9% | |||
Tencent Holdings Ltd. (China) |
7.6% | |||
Alibaba Group Holding Ltd. (China) |
5.3% | |||
Meituan (China) |
3.1% | |||
Reliance Industries Ltd. (India) |
2.6% | |||
Infosys Ltd. (India) |
1.7% | |||
China Construction Bank Corp. (China) |
1.7% | |||
Housing Development Finance Corp. Ltd. (India) |
1.4% | |||
Baidu, Inc. (China) |
1.2% | |||
NetEase, Inc. (China) |
1.1% |
Country Diversification* as of August 31, 2022 |
China |
30.2% | |||
Taiwan |
20.9% | |||
India |
12.9% | |||
South Korea |
7.1% | |||
South Africa |
5.6% | |||
Brazil |
4.2% | |||
Thailand |
2.7% | |||
United Arab Emirates |
2.1% | |||
Saudi Arabia |
2.0% | |||
Other |
12.3% | |||
|
|
|||
Total |
100.0% |
* As a percent of total investments excluding exchange-traded funds and securities lending collateral.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 46.
11
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)
Xtrackers MSCI USA ESG Leaders Equity ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI USA ESG Leaders Index (the “Underlying Index”). The Underlying Index is a capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers and consists of large- and medium-capitalization companies in the U.S. market. The S&P 500 Index or the Standard & Poor’s 500 Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Average Annual Total Return | ||||||||||
Net Asset Value | Market Value | MSCI USA ESG Leaders Index |
MSCI USA Index2 | S&P 500 Index | ||||||
One Year |
-13.29% | -13.33% | -13.22% | -13.08% | -11.23% | |||||
Since Inception1 |
12.48% | 12.46% | 12.56% | 12.55% | 12.88% | |||||
Cumulative Total Returns | ||||||||||
Net Asset Value | Market Value | MSCI USA ESG Leaders Index |
MSCI USA Index2 | S&P 500 Index | ||||||
One Year |
-13.29% | -13.33% | -13.22% | -13.08% | -11.23% | |||||
Since Inception1 |
50.70% | 50.66% | 51.14% | 52.30% | 52.61% |
1 Total returns are calculated based on the commencement of operations, March 7, 2019 (“Inception”).
2 Effective June 30, 2022, the MSCI USA Index replaces the S&P 500 Index as the fund’s broad-based securities market benchmark index because the Advisor believes the MSCI USA Index more accurately reflects the fund’s current invest-ment strategies.
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.10%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
12
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, March 7, 2019.
Sector Diversification* as of August 31, 2022 |
Information Technology |
28.0% | |||
Health Care |
14.5% | |||
Consumer Discretionary |
11.5% | |||
Financials |
11.1% | |||
Communication Services |
10.2% | |||
Industrials |
8.3% | |||
Consumer Staples |
7.0% | |||
Real Estate |
2.9% | |||
Materials |
2.9% | |||
Energy |
2.4% | |||
Utilities |
1.2% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (35.4% of Net Assets) |
Description | % of Net Assets | |||
Microsoft Corp. |
10.7% | |||
Alphabet, Inc. |
7.3% | |||
Tesla, Inc. |
4.2% | |||
Johnson & Johnson |
2.4% | |||
NVIDIA Corp. |
2.2% | |||
Procter & Gamble Co. |
1.9% | |||
Visa, Inc. |
1.9% | |||
Home Depot, Inc. |
1.7% | |||
Mastercard, Inc. |
1.6% | |||
Coca-Cola Co. |
1.5% |
* As a percent of total investments excluding securities lending collateral and cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 54.
13
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ)
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF , (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index (the “Underlying Index”), which is comprised of large and mid-capitalization companies in the United States that meet certain environmental, social and governance (“ ESG “) criteria.The constituents of the Underlying Index are weighted in such a manner seeking to comply with the European Union Paris-aligned Benchmark standards, while incorporating recommendations of the Net Zero Investment Framework published, from time to time, by the Institutional Investors Group on Climate Change. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | Solactive ISS ESG United States Net Zero Pathway Enhanced Index |
S&P 500 Index | |||||
Since Inception1 |
0.84% | 1.00% | 0.84% | 1.71% |
1 Total returns are calculated based on the commencement of operations, June 28, 2022 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated June 22, 2022, was 0.10%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
14
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, June 28, 2022.
Sector Diversification* as of August 31, 2022 |
Information Technology |
34.3% | |||
Health Care |
19.6% | |||
Communication Services |
9.3% | |||
Financials |
9.2% | |||
Consumer Discretionary |
7.5% | |||
Consumer Staples |
6.3% | |||
Industrials |
5.3% | |||
Real Estate |
5.2% | |||
Materials |
2.1% | |||
Utilities |
1.2% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (30.5% of Net Assets) |
Description | % of Net Assets | |||
Apple, Inc. |
9.8% | |||
Microsoft Corp. |
7.7% | |||
Alphabet, Inc. |
4.6% | |||
Johnson & Johnson |
1.5% | |||
UnitedHealth Group, Inc. |
1.5% | |||
NVIDIA Corp. |
1.2% | |||
Meta Platforms, Inc. |
1.1% | |||
Procter & Gamble Co. |
1.1% | |||
JPMorgan Chase & Co. |
1.0% | |||
Home Depot, Inc. |
1.0% |
* As a percent of total investments excluding cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 59.
15
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P 500 ESG ETF (SNPE)
Xtrackers S&P 500 ESG ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 ESG Index (the “Underlying Index”). The Underlying Index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Index. It is not possible to invest directly into an index.
Performance as of August 31, 2022 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P 500 ESG Index | S&P 500 Index | |||||
One Year |
-9.59% | -9.59% | -9.50% | -11.23% | ||||
Since Inception1 |
13.51% | 13.50% | 13.63% | 11.87% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | S&P 500 ESG Index | S&P 500 Index | |||||
One Year |
-9.59% | -9.59% | -9.50% | -11.23% | ||||
Since Inception1 |
49.71% | 49.71% | 50.24% | 42.95% |
1 Total returns are calculated based on the commencement of operations, June 26, 2019 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.11%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
16
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P 500 ESG ETF (SNPE) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, June 26, 2019.
Sector Diversification* as of August 31, 2022 |
Information Technology |
30.4% | |||
Health Care |
15.2% | |||
Financials |
10.8% | |||
Consumer Discretionary |
9.5% | |||
Communication Services |
8.8% | |||
Consumer Staples |
6.8% | |||
Industrials |
6.3% | |||
Energy |
5.0% | |||
Real Estate |
2.8% | |||
Materials |
2.6% | |||
Utilities |
1.8% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (37.4% of Net Assets) |
Description | % of Net Assets | |||
Apple, Inc. |
10.0% | |||
Microsoft Corp. |
8.1% | |||
Alphabet, Inc. |
5.2% | |||
Amazon.com, Inc. |
4.6% | |||
UnitedHealth Group, Inc. |
2.0% | |||
Exxon Mobil Corp. |
1.7% | |||
NVIDIA Corp. |
1.6% | |||
JPMorgan Chase & Co. |
1.4% | |||
Procter & Gamble Co. |
1.4% | |||
Visa, Inc. |
1.4% |
* As a percent of total investments excluding cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 64.
17
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P MidCap 400 ESG ETF (MIDE)
Xtrackers S&P MidCap 400 ESG ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index (the “Underlying Index”). The Underlying Index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P MidCap 400 Index. It is not possible to invest directly into an index.
Performance as of August 31, 2021 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P MidCap 400 ESG Index |
S&P MidCap 400 Index | |||||
One Year |
-9.64% | -9.64% | -9.52% | -10.37% | ||||
Since Inception1 |
-0.45% | -0.45% | -0.31% | -1.24% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | S&P MidCap 400 ESG Index |
S&P MidCap 400 Index | |||||
One Year |
-9.64% | -9.64% | -9.52% | -10.37% | ||||
Since Inception1 |
-0.68% | -0.68% | -0.46% | -1.87% |
1 Total returns are calculated based on the commencement of operations, February 24, 2021 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.15%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
18
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P MidCap 400 ESG ETF (MIDE) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, February 24, 2021.
Sector Diversification* as of August 31, 2022 |
Industrials |
19.2% | |||
Financials |
16.0% | |||
Consumer Discretionary |
15.0% | |||
Information Technology |
12.6% | |||
Health Care |
9.8% | |||
Real Estate |
8.6% | |||
Materials |
7.0% | |||
Energy |
4.6% | |||
Consumer Staples |
3.4% | |||
Utilities |
2.2% | |||
Communication Services |
1.6% | |||
|
|
|||
Total |
100.0% |
Ten
Largest Equity Holdings as of August 31, 2022 (9.4% of Net Assets) |
Description | % of Net Assets | |||
Targa Resources Corp. |
1.1% | |||
Carlisle Cos., Inc. |
1.1% | |||
Steel Dynamics, Inc. |
1.0% | |||
EQT Corp. |
1.0% | |||
Wolfspeed, Inc. |
1.0% | |||
First Solar, Inc. |
0.9% | |||
Darling Ingredients, Inc. |
0.9% | |||
First Horizon Corp. |
0.8% | |||
Fair Isaac Corp. |
0.8% | |||
Alleghany Corp. |
0.8% |
* As a percent of total investments excluding exchange traded funds and cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 69.
19
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P SmallCap 600 ESG ETF (SMLE)
Xtrackers S&P SmallCap 600 ESG ETF (the “Fund”), using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P SmallCap 600 ESG Index (the “Underlying Index”). The Underlying Index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (“ESG”) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P SmallCap 600 Index. It is not possible to invest directly into an index.
Performance as of August 31, 2021 |
Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P SmallCap 600 ESG Index |
S&P SmallCap 600 Index | |||||
One Year |
-10.43% | -10.39% | -10.28% | -12.12% | ||||
Since Inception1 |
-2.76% | -2.73% | -2.60% | -4.14% | ||||
Cumulative Total Returns | ||||||||
Net Asset Value | Market Value | S&P SmallCap 600 ESG Index |
S&P SmallCap 600 Index | |||||
One Year |
-10.43% | -10.39% | -10.28% | -12.12% | ||||
Since Inception1 |
-4.15% | -4.11% | -3.92% | -6.21% |
1 Total returns are calculated based on the commencement of operations, February 24, 2021 (“Inception”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at www.Xtrackers.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the sale of fund shares or redemption of fund creation units. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are sold in the market or redeemed. Performance for certain funds may reflect a waiver of a portion of the unitary advisory fee. Without such waiver, performance would have been lower. The gross expense ratio of the Fund, as stated in the fee table of the prospectus dated December 17, 2021, was 0.15%, and may differ from the expense ratio disclosed in the Financial Highlights table in this report.
The Fund’s net asset value or “NAV” is calculated by dividing the value of the Fund’s total assets less total liabilities by the number of shares outstanding. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not have traded in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary trading, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes only, and as such, the total return based on the unadjusted net asset value per share may differ from the total return reported in the financial highlights.
20
DBX ETF Trust
Performance Summary (Unaudited)
Xtrackers S&P SmallCap 600 ESG ETF (SMLE) (Continued)
Growth of an Assumed $10,000 Investment |
1 Based on Net Asset Value from commencement of operations, February 24, 2021.
Sector Diversification* as of August 31, 2022 |
Financials |
19.8% | |||
Industrials |
16.0% | |||
Information Technology |
14.5% | |||
Consumer Discretionary |
12.1% | |||
Health Care |
11.2% | |||
Real Estate |
8.2% | |||
Materials |
5.8% | |||
Consumer Staples |
4.6% | |||
Energy |
4.0% | |||
Utilities |
2.5% | |||
Communication Services |
1.3% | |||
|
|
|||
Total |
100.0% |
Ten Largest Equity Holdings as of August 31, 2022 (8.1% of Net Assets) |
Description | % of Net Assets | |||
Agree Realty Corp. |
0.9% | |||
ExlService Holdings, Inc. |
0.9% | |||
SM Energy Co. |
0.9% | |||
Livent Corp. |
0.9% | |||
UFP Industries, Inc. |
0.8% | |||
Rogers Corp. |
0.8% | |||
AMN Healthcare Services, Inc. |
0.8% | |||
Cytokinetics, Inc. |
0.7% | |||
Helmerich & Payne, Inc. |
0.7% | |||
Ensign Group, Inc. |
0.7% |
* As a percent of total investments excluding exchange traded funds, securities lending collateral, and cash equivalents.
Portfolio holdings and characteristics are subject to change. For more complete details about the Fund’s investment portfolio see page 73.
21
DBX ETF Trust
As a shareholder of one or more of the Funds, you incur two types of costs: (1) transaction costs, including brokerage commissions paid on purchases and sales of fund shares, and (2) ongoing costs, including management fees and other Fund expenses. In the most recent six-month period the Funds limited these expenses; had they not done so, expenses would have been higher. The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.
The examples in the tables are based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2022 to August 31, 2022) except Xtrackers Net Zero Pathway Paris Aligned US Equity ETF which is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (commencement of operations, as noted below, to August 31, 2022).
Actual expenses
The first line in the following tables provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses Paid During the Period” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line in the following tables provides information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses (which is not the Funds’ actual return). The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the tables are meant to highlight your ongoing costs only, and do not reflect any transactional costs. Therefore the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Beginning Account Value March 1, 2022 |
Ending Account Value August 31, 2022 |
Annualized Expense Ratio |
Expenses Paid During the Period Per $1,000(1) |
|||||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 868.70 | 0.15 | % | $ | 0.71 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.45 | 0.15 | % | $ | 0.77 | ||||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 855.00 | 0.14 | % | $ | 0.65 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.50 | 0.14 | % | $ | 0.71 | ||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 846.70 | 0.20 | % | $ | 0.93 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.20 | 0.20 | % | $ | 1.02 | ||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 897.50 | 0.09 | % | $ | 0.43 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.75 | 0.09 | % | $ | 0.46 | ||||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
| |||||||||||||||
Actual (2) |
$ | 1,000.00 | $ | 1,008.40 | 0.10 | % | $ | 0.18 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,008.73 | 0.10 | % | $ | 0.51 | ||||||||
Xtrackers S&P 500 ESG ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 907.70 | 0.10 | % | $ | 0.48 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.70 | 0.10 | % | $ | 0.51 |
22
DBX ETF Trust
Fees and Expenses (Unaudited) (Continued)
Beginning Account Value March 1, 2022 |
Ending Account Value August 31, 2022 |
Annualized Expense Ratio |
Expenses Paid During the Period Per $1,000(1) |
|||||||||||||
Xtrackers S&P MidCap 400 ESG ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 923.60 | 0.15 | % | $ | 0.73 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.45 | 0.15 | % | $ | 0.77 | ||||||||
Xtrackers S&P SmallCap 600 ESG ETF |
| |||||||||||||||
Actual |
$ | 1,000.00 | $ | 911.40 | 0.15 | % | $ | 0.72 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.45 | 0.15 | % | $ | 0.77 |
(1) Expenses are equal to each Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 (the number of days in the most recent six-month period), then divided by 365.
(2) Expenses are equal to each Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 65 (the number of days in the period June 28, 2022 (commencement of operations) to August 31, 2022), then divided by 365.
23
DBX ETF Trust
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 97.2% | ||||||||
Brazil — 2.9% | ||||||||
Ambev SA |
290,410 | $ | 855,928 | |||||
Americanas SA |
69,115 | 217,977 | ||||||
Atacadao SA |
56,149 | 214,040 | ||||||
B3 SA — Brasil Bolsa Balcao |
663,893 | 1,518,458 | ||||||
Banco Bradesco SA |
158,213 | 483,709 | ||||||
Banco BTG Pactual SA |
158,615 | 779,145 | ||||||
Banco do Brasil SA |
93,804 | 754,813 | ||||||
Banco Santander Brasil SA |
43,374 | 245,878 | ||||||
BB Seguridade Participacoes SA |
74,320 | 405,669 | ||||||
BRF SA* |
42,849 | 131,086 | ||||||
CCR SA |
119,806 | 318,881 | ||||||
Centrais Eletricas Brasileiras SA |
63,494 | 565,086 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo |
21,059 | 199,778 | ||||||
Cia Energetica de Minas Gerais, Class A |
25,731 | 91,084 | ||||||
Cia Siderurgica Nacional SA |
29,795 | 79,361 | ||||||
CPFL Energia SA |
11,601 | 78,303 | ||||||
Energisa SA |
23,093 | 188,497 | ||||||
Engie Brasil Energia SA |
18,815 | 147,077 | ||||||
Equatorial Energia SA |
40,610 | 189,529 | ||||||
Hapvida Participacoes e Investimentos SA, 144A |
301,047 | 423,011 | ||||||
Hypera SA |
28,527 | 237,147 | ||||||
Itau Unibanco Holding SA |
46,529 | 198,833 | ||||||
Klabin SA |
50,093 | 182,060 | ||||||
Localiza Rent a Car SA |
39,183 | 459,971 | ||||||
Lojas Renner SA |
102,598 | 524,179 | ||||||
Magazine Luiza SA* |
205,832 | 169,640 | ||||||
Multiplan Empreendimentos Imobiliarios SA |
17,634 | 82,026 | ||||||
Natura & Co. Holding SA |
92,809 | 258,310 | ||||||
Neoenergia SA |
20,444 | 65,227 | ||||||
Pagseguro Digital Ltd., Class A* |
15,542 | 241,523 | ||||||
Porto Seguro SA |
19,374 | 78,939 | ||||||
Raia Drogasil SA |
127,371 | 534,953 | ||||||
Rede D’Or Sao Luiz SA, 144A |
47,481 | 305,451 | ||||||
Rumo SA |
136,429 | 532,181 | ||||||
Sendas Distribuidora SA |
66,496 | 236,028 | ||||||
StoneCo Ltd., Class A* |
24,741 | 234,545 | ||||||
Suzano SA |
51,259 | 437,893 | ||||||
Telefonica Brasil SA |
45,178 | 358,738 | ||||||
TIM SA |
85,684 | 195,646 | ||||||
TOTVS SA |
45,231 | 249,246 | ||||||
WEG SA |
97,183 | 530,652 | ||||||
XP, Inc.* |
7,107 | 136,420 | ||||||
XP, Inc., Class A* (a) |
15,694 | 301,953 | ||||||
|
|
|||||||
(Cost $16,192,798) |
14,438,871 | |||||||
|
|
|||||||
Chile — 0.3% | ||||||||
Banco de Chile |
2,903,192 | 276,561 | ||||||
Banco de Credito e Inversiones SA |
7,264 | 214,844 | ||||||
Banco Santander Chile |
6,993,460 | 282,058 | ||||||
Cencosud SA |
139,513 | 195,843 | ||||||
Cencosud Shopping SA |
36,524 | 51,967 | ||||||
Cia Sud Americana de Vapores SA |
1,454,900 | 137,487 | ||||||
Empresas CMPC SA |
80,465 | 153,249 |
Number |
Value |
|||||||
Chile (Continued) | ||||||||
Enel Americas SA |
1,233,149 | $ | 134,146 | |||||
Falabella SA |
45,611 | 107,921 | ||||||
|
|
|||||||
(Cost $1,703,296) |
1,554,076 | |||||||
|
|
|||||||
China — 30.2% | ||||||||
360 Security Technology, Inc., Class A |
33,054 | 35,099 | ||||||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A |
17,936 | 53,000 | ||||||
AAC Technologies Holdings, Inc. |
32,826 | 61,145 | ||||||
Agricultural Bank of China Ltd., Class A |
620,639 | 256,591 | ||||||
Agricultural Bank of China Ltd., Class H |
3,335,888 | 1,092,291 | ||||||
Aier Eye Hospital Group Co. Ltd., Class A |
31,520 | 134,520 | ||||||
Air China Ltd., Class A* |
17,096 | 25,569 | ||||||
Air China Ltd., Class H* |
69,821 | 56,132 | ||||||
Airtac International Group* |
7,969 | 215,736 | ||||||
Alibaba Group Holding Ltd., ADR* |
122,629 | 11,700,033 | ||||||
Aluminum Corp. of China Ltd., Class A |
57,672 | 37,731 | ||||||
Aluminum Corp. of China Ltd., Class H |
197,031 | 72,799 | ||||||
Angang Steel Co. Ltd., Class A |
34,600 | 14,556 | ||||||
Angang Steel Co. Ltd., Class H |
113,112 | 35,452 | ||||||
Angel Yeast Co. Ltd., Class A |
6,112 | 43,055 | ||||||
Anhui Conch Cement Co. Ltd., Class A |
12,732 | 58,954 | ||||||
Anhui Conch Cement Co. Ltd., Class H |
45,325 | 173,242 | ||||||
Anjoy Foods Group Co. Ltd., Class A |
1,900 | 42,754 | ||||||
ANTA Sports Products Ltd. |
79,797 | 964,821 | ||||||
Apeloa Pharmaceutical Co. Ltd., Class A |
6,900 | 18,057 | ||||||
Asymchem Laboratories Tianjin Co. Ltd., Class A |
2,452 | 61,019 | ||||||
Autohome, Inc., ADR |
7,755 | 276,156 | ||||||
Avary Holding Shenzhen Co. Ltd., Class A |
4,836 | 20,807 | ||||||
Baidu, Inc., ADR* |
29,949 | 4,311,758 | ||||||
Bank of Beijing Co. Ltd., Class A |
91,802 | 55,000 | ||||||
Bank of China Ltd., Class A |
149,013 | 65,714 | ||||||
Bank of China Ltd., Class H |
5,467,752 | 1,922,701 | ||||||
Bank of Communications Co. Ltd., Class A |
224,214 | 148,965 | ||||||
Bank of Communications Co. Ltd., Class H |
838,680 | 478,705 | ||||||
Bank of Hangzhou Co. Ltd., Class A |
35,743 | 74,301 | ||||||
Bank of Jiangsu Co. Ltd., Class A |
62,276 | 65,496 | ||||||
Bank of Nanjing Co. Ltd., Class A |
52,895 | 81,488 | ||||||
Bank of Ningbo Co. Ltd., Class A |
31,455 | 136,113 | ||||||
Bank of Shanghai Co. Ltd., Class A |
65,639 | 56,274 | ||||||
Bank of Zhengzhou Co. Ltd., Class A* |
73,100 | 27,147 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A |
64,956 | 50,223 | ||||||
BBMG Corp., Class A |
45,480 | 17,285 | ||||||
BeiGene Ltd., ADR* (a) |
5,173 | 887,997 | ||||||
Beijing Dabeinong Technology Group Co. Ltd., Class A* |
19,038 | 23,889 | ||||||
Beijing New Building Materials PLC, Class A |
8,000 | 30,510 | ||||||
Beijing Shiji Information Technology Co. Ltd., Class A |
8,680 | 16,407 | ||||||
Beijing United Information Technology Co. Ltd., Class A |
4,990 | 71,721 |
See Notes to Financial Statements. | 24 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A |
2,684 | $ | 49,700 | |||||
Beijing-Shanghai High Speed Railway Co. Ltd., Class A |
198,928 | 133,608 | ||||||
BGI Genomics Co. Ltd., Class A |
3,200 | 28,029 | ||||||
Bilibili, Inc., ADR* (a) |
25,521 | 637,004 | ||||||
Bloomage Biotechnology Corp. Ltd., Class A |
2,107 | 43,723 | ||||||
Blue Moon Group Holdings Ltd., 144A |
121,938 | 93,215 | ||||||
BOC International China Co. Ltd., Class A |
14,455 | 26,232 | ||||||
BOE Technology Group Co. Ltd., Class A |
123,687 | 66,387 | ||||||
BYD Co. Ltd., Class A |
6,878 | 287,330 | ||||||
BYD Co. Ltd., Class H |
57,115 | 1,762,456 | ||||||
By-health Co. Ltd., Class A |
4,800 | 12,986 | ||||||
CanSino Biologics, Inc., Class H, 144A |
4,744 | 29,768 | ||||||
CGN Power Co. Ltd., Class A |
122,190 | 49,808 | ||||||
CGN Power Co. Ltd., Class H, 144A |
1,178,547 | 280,791 | ||||||
Changchun High & New Technology Industry Group, Inc., Class A |
1,512 | 38,840 | ||||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A |
1,412 | 28,733 | ||||||
Chaozhou Three-Circle Group Co. Ltd., Class A |
11,300 | 44,423 | ||||||
Chengxin Lithium Group Co. Ltd., Class A |
5,100 | 39,344 | ||||||
China Baoan Group Co. Ltd., Class A |
13,549 | 29,010 | ||||||
China Bohai Bank Co. Ltd., Class H, 144A (a) |
245,802 | 40,712 | ||||||
China Cinda Asset Management Co. Ltd., Class H |
529,076 | 72,801 | ||||||
China CITIC Bank Corp. Ltd., Class H |
641,557 | 275,460 | ||||||
China Conch Venture Holdings Ltd. |
94,009 | 192,357 | ||||||
China Construction Bank Corp., Class A |
59,021 | 47,261 | ||||||
China Construction Bank Corp., Class H |
10,092,383 | 6,262,052 | ||||||
China CSSC Holdings Ltd., Class A |
8,613 | 31,286 | ||||||
China Eastern Airlines Corp. Ltd., Class A* |
56,408 | 40,177 | ||||||
China Eastern Airlines Corp. Ltd., Class H* (a) |
105,864 | 36,552 | ||||||
China Everbright Bank Co. Ltd., Class A |
169,415 | 70,533 | ||||||
China Everbright Bank Co. Ltd., Class H |
466,999 | 143,393 | ||||||
China Evergrande Group* (b) |
185,090 | 38,910 | ||||||
China Feihe Ltd., 144A* |
112,982 | 93,710 | ||||||
China Galaxy Securities Co. Ltd., Class H |
297,996 | 163,257 | ||||||
China Great Wall Securities Co. Ltd., Class A |
33,500 | 45,146 | ||||||
China Greatwall Technology Group Co. Ltd., Class A |
13,749 | 18,110 | ||||||
China Hongqiao Group Ltd. |
175,112 | 170,899 | ||||||
China International Capital Corp. Ltd., Class A |
10,188 | 61,629 | ||||||
China International Capital Corp. Ltd., Class H, 144A |
174,169 | 307,559 | ||||||
China International Marine Containers Group Co. Ltd., Class H |
25,316 | 21,062 |
Number |
Value |
|||||||
China (Continued) | ||||||||
China Jushi Co. Ltd., Class A |
19,600 | $ | 40,971 | |||||
China Lesso Group Holdings Ltd. |
71,198 | 84,906 | ||||||
China Life Insurance Co. Ltd., Class A |
6,829 | 30,413 | ||||||
China Life Insurance Co. Ltd., Class H |
496,331 | 713,304 | ||||||
China Literature Ltd., 144A* |
32,996 | 134,526 | ||||||
China Meidong Auto Holdings Ltd. |
50,698 | 103,865 | ||||||
China Merchants Bank Co. Ltd., Class A |
78,760 | 400,452 | ||||||
China Merchants Bank Co. Ltd., Class H |
268,985 | 1,381,106 | ||||||
China Merchants Securities Co. Ltd., Class A |
55,344 | 106,376 | ||||||
China Merchants Securities Co. Ltd., Class H, 144A |
25,675 | 23,552 | ||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A |
34,643 | 73,472 | ||||||
China Minsheng Banking Corp. Ltd., Class A |
143,963 | 75,181 | ||||||
China Minsheng Banking Corp. Ltd., Class H |
449,954 | 143,318 | ||||||
China National Building Material Co. Ltd., Class H |
233,957 | 221,770 | ||||||
China National Chemical Engineering Co. Ltd., Class A |
52,701 | 65,900 | ||||||
China National Nuclear Power Co. Ltd., Class A |
109,672 | 101,343 | ||||||
China Northern Rare Earth Group High-Tech Co. Ltd., Class A |
13,154 | 57,512 | ||||||
China Pacific Insurance Group Co. Ltd., Class A |
29,460 | 89,617 | ||||||
China Pacific Insurance Group Co. Ltd., Class H |
156,129 | 331,400 | ||||||
China Railway Group Ltd., Class A |
73,124 | 60,994 | ||||||
China Railway Group Ltd., Class H |
267,460 | 153,343 | ||||||
China Railway Signal & Communication Corp. Ltd., Class H, 144A |
194,842 | 61,316 | ||||||
China Reinsurance Group Corp., Class H |
663,791 | 49,052 | ||||||
China Resources Mixc Lifestyle Services Ltd., 144A |
45,989 | 209,178 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A |
7,800 | 44,683 | ||||||
China Southern Airlines Co. Ltd., Class H* |
116,493 | 63,079 | ||||||
China State Construction Engineering Corp. Ltd., Class A |
142,259 | 106,072 | ||||||
China Tower Corp. Ltd., Class H, 144A |
2,780,741 | 347,201 | ||||||
China United Network Communications Ltd., Class A |
141,167 | 72,697 | ||||||
China Vanke Co. Ltd., Class A |
33,752 | 81,423 | ||||||
China Vanke Co. Ltd., Class H |
119,922 | 234,684 | ||||||
China Yangtze Power Co. Ltd., Class A |
177,818 | 618,560 | ||||||
China Zhenhua Group Science & Technology Co. Ltd., Class A |
3,284 | 53,446 | ||||||
China Zheshang Bank Co. Ltd., Class A* |
90,700 | 42,761 | ||||||
Chongqing Brewery Co. Ltd., Class A |
3,100 | 50,231 | ||||||
Chongqing Changan Automobile Co. Ltd., Class A |
25,670 | 54,069 | ||||||
Chongqing Rural Commercial Bank Co. Ltd., Class H |
250,913 | 86,953 |
See Notes to Financial Statements. | 25 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Chongqing Zhifei Biological Products Co. Ltd., Class A |
7,540 | $ | 102,870 | |||||
CIFI Holdings Group Co. Ltd. (a) |
300,749 | 76,635 | ||||||
CITIC Securities Co. Ltd., Class A |
46,746 | 132,367 | ||||||
CITIC Securities Co. Ltd., Class H |
151,543 | 308,150 | ||||||
CMOC Group Ltd., Class H |
169,141 | 75,855 | ||||||
Contemporary Amperex Technology Co. Ltd., Class A* |
15,756 | 1,103,952 | ||||||
COSCO SHIPPING Development Co. Ltd., Class H |
219,713 | 33,312 | ||||||
COSCO SHIPPING Holdings Co. Ltd., Class A |
36,076 | 74,313 | ||||||
COSCO SHIPPING Holdings Co. Ltd., Class H |
222,523 | 333,975 | ||||||
Country Garden Holdings Co. Ltd. |
617,482 | 183,305 | ||||||
Country Garden Services Holdings Co. Ltd. |
206,295 | 408,971 | ||||||
CRRC Corp. Ltd., Class A |
110,900 | 80,598 | ||||||
CRRC Corp. Ltd., Class H |
204,213 | 76,494 | ||||||
CSC Financial Co. Ltd., Class A |
14,300 | 55,262 | ||||||
CSC Financial Co. Ltd., Class H, 144A |
57,366 | 54,012 | ||||||
Dali Foods Group Co. Ltd., 144A |
140,667 | 64,340 | ||||||
DaShenLin Pharmaceutical Group Co. Ltd., Class A |
5,739 | 27,789 | ||||||
Dong-E-E-Jiao Co. Ltd., Class A |
5,400 | 26,837 | ||||||
Dongfang Electric Corp. Ltd., Class A |
10,172 | 29,069 | ||||||
Dongfang Electric Corp. Ltd., Class H |
25,040 | 33,370 | ||||||
Dongfeng Motor Group Co. Ltd., Class H |
122,828 | 78,089 | ||||||
East Money Information Co. Ltd., Class A |
59,756 | 192,438 | ||||||
Ecovacs Robotics Co. Ltd., Class A |
1,965 | 23,260 | ||||||
Eve Energy Co. Ltd., Class A |
6,482 | 89,319 | ||||||
Everbright Securities Co. Ltd., Class A |
43,488 | 101,188 | ||||||
Evergrande Property Services Group Ltd., 144A* (b) |
362,957 | 106,360 | ||||||
Fangda Carbon New Material Co. Ltd., Class A* |
29,300 | 29,625 | ||||||
Flat Glass Group Co. Ltd., Class A* |
9,482 | 55,061 | ||||||
Flat Glass Group Co. Ltd., Class H* |
59,696 | 197,368 | ||||||
Focus Media Information Technology Co. Ltd., Class A |
28,042 | 24,651 | ||||||
Foshan Haitian Flavouring & Food Co. Ltd., Class A |
9,259 | 108,203 | ||||||
Founder Securities Co. Ltd., Class A |
44,118 | 44,479 | ||||||
Foxconn Industrial Internet Co. Ltd., Class A |
26,457 | 35,654 | ||||||
Fujian Sunner Development Co. Ltd., Class A |
8,260 | 26,744 | ||||||
Fuyao Glass Industry Group Co. Ltd., Class A |
12,131 | 68,736 | ||||||
Fuyao Glass Industry Group Co. Ltd., Class H, 144A |
36,813 | 175,884 | ||||||
Gan & Lee Pharmaceuticals Co. Ltd., Class A |
5,100 | 27,151 | ||||||
Ganfeng Lithium Co. Ltd., Class A |
7,847 | 97,553 | ||||||
Ganfeng Lithium Co. Ltd., Class H, 144A (a) |
22,995 | 203,177 | ||||||
GDS Holdings Ltd., ADR* (a) |
19,702 | 536,682 |
Number |
Value |
|||||||
China (Continued) | ||||||||
GEM Co. Ltd., Class A |
26,341 | $ | 31,906 | |||||
Gemdale Corp., Class A |
13,396 | 22,658 | ||||||
Genscript Biotech Corp.* |
108,205 | 350,856 | ||||||
GF Securities Co. Ltd., Class A |
40,163 | 95,782 | ||||||
GF Securities Co. Ltd., Class H |
140,265 | 183,712 | ||||||
GigaDevice Semiconductor, Inc., Class A |
1,804 | 30,349 | ||||||
GoerTek, Inc., Class A |
10,488 | 49,416 | ||||||
Gotion High-tech Co. Ltd., Class A |
9,419 | 46,948 | ||||||
Great Wall Motor Co. Ltd., Class A |
7,101 | 34,467 | ||||||
Great Wall Motor Co. Ltd., Class H |
126,094 | 190,856 | ||||||
Gree Electric Appliances, Inc. of Zhuhai, Class A |
22,370 | 103,615 | ||||||
Greentown China Holdings Ltd. |
38,013 | 72,066 | ||||||
Guangdong Haid Group Co. Ltd., Class A |
6,070 | 53,713 | ||||||
Guangdong Kinlong Hardware Products Co. Ltd., Class A |
1,171 | 16,217 | ||||||
Guangzhou Automobile Group Co. Ltd., Class H |
122,828 | 106,101 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A |
7,832 | 30,903 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H |
27,363 | 65,960 | ||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A |
2,871 | 27,766 | ||||||
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A |
4,300 | 42,167 | ||||||
Guangzhou Tinci Materials Technology Co. Ltd., Class A |
11,210 | 77,324 | ||||||
Guosen Securities Co. Ltd., Class A |
21,556 | 28,925 | ||||||
Guotai Junan Securities Co. Ltd., Class A |
21,291 | 45,680 | ||||||
Guotai Junan Securities Co. Ltd., Class H, 144A |
61,314 | 72,885 | ||||||
Guoyuan Securities Co. Ltd., Class A |
46,400 | 49,270 | ||||||
H World Group Ltd., ADR |
6,224 | 234,209 | ||||||
Haidilao International Holding Ltd., 144A* |
94,340 | 223,564 | ||||||
Haier Smart Home Co. Ltd., Class A |
23,907 | 89,718 | ||||||
Haier Smart Home Co. Ltd., Class H |
149,827 | 492,497 | ||||||
Haitong Securities Co. Ltd., Class A |
49,036 | 67,434 | ||||||
Haitong Securities Co. Ltd., Class H |
197,837 | 129,810 | ||||||
Hangzhou First Applied Material Co. Ltd., Class A |
11,644 | 109,590 | ||||||
Hangzhou Robam Appliances Co. Ltd., Class A |
10,200 | 37,213 | ||||||
Hangzhou Silan Microelectronics Co. Ltd., Class A |
9,789 | 56,318 | ||||||
Hangzhou Tigermed Consulting Co. Ltd., Class A |
2,805 | 44,088 | ||||||
Hangzhou Tigermed Consulting Co. Ltd., Class H, 144A |
7,661 | 76,231 | ||||||
Hansoh Pharmaceutical Group Co. Ltd., 144A |
77,868 | 155,759 | ||||||
Hengan International Group Co. Ltd. |
36,388 | 174,317 | ||||||
Hithink RoyalFlush Information Network Co. Ltd., Class A |
3,742 | 46,211 | ||||||
Hongfa Technology Co. Ltd., Class A |
7,890 | 43,127 | ||||||
Hua Hong Semiconductor Ltd., 144A* |
60,442 | 178,657 |
See Notes to Financial Statements. | 26 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Huadong Medicine Co. Ltd., Class A |
6,850 | $ | 41,904 | |||||
Huafon Chemical Co. Ltd., Class A |
39,300 | 42,871 | ||||||
Huaneng Lancang River Hydropower, Inc., Class A |
63,742 | 67,223 | ||||||
Huatai Securities Co. Ltd., Class A |
35,679 | 68,009 | ||||||
Huatai Securities Co. Ltd., Class H, 144A |
65,814 | 88,212 | ||||||
Huaxia Bank Co. Ltd., Class A |
87,452 | 65,206 | ||||||
Huayu Automotive Systems Co. Ltd., Class A |
21,406 | 57,974 | ||||||
Huizhou Desay Sv Automotive Co. Ltd., Class A |
3,670 | 81,454 | ||||||
Hunan Valin Steel Co. Ltd., Class A |
35,305 | 22,842 | ||||||
Hundsun Technologies, Inc., Class A |
8,183 | 39,932 | ||||||
Iflytek Co. Ltd., Class A |
12,131 | 65,973 | ||||||
Industrial & Commercial Bank of China Ltd., Class A |
449,792 | 285,787 | ||||||
Industrial & Commercial Bank of China Ltd., Class H |
8,465,025 | 4,314,021 | ||||||
Industrial Bank Co. Ltd., Class A |
80,490 | 199,779 | ||||||
Industrial Securities Co. Ltd., Class A* |
68,416 | 61,632 | ||||||
Ingenic Semiconductor Co. Ltd., Class A |
3,880 | 45,900 | ||||||
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A |
147,163 | 42,909 | ||||||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A |
27,518 | 142,669 | ||||||
Innovent Biologics, Inc., 144A* |
50,178 | 213,847 | ||||||
Inspur Electronic Information Industry Co. Ltd., Class A |
7,671 | 25,828 | ||||||
Intco Medical Technology Co. Ltd., Class A |
5,196 | 16,552 | ||||||
iQIYI, Inc., ADR* |
23,415 | 85,699 | ||||||
JA Solar Technology Co. Ltd., Class A |
18,294 | 174,009 | ||||||
Jafron Biomedical Co. Ltd., Class A |
5,198 | 35,410 | ||||||
Jason Furniture Hangzhou Co. Ltd., Class A |
4,100 | 28,786 | ||||||
JCET Group Co. Ltd., Class A |
8,792 | 31,617 | ||||||
JD Health International, Inc., 144A* (a) |
44,285 | 308,348 | ||||||
JD.com, Inc., ADR |
63,281 | 4,017,711 | ||||||
JD.com, Inc., Class A |
25,217 | 792,926 | ||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A |
23,742 | 66,333 | ||||||
Jiangsu Hengrui Medicine Co. Ltd., Class A |
30,512 | 153,411 | ||||||
Jiangsu Yangnong Chemical Co. Ltd., Class A |
2,600 | 42,925 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A |
11,000 | 43,531 | ||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A |
15,525 | 50,132 | ||||||
Jiangxi Copper Co. Ltd., Class A |
9,112 | 21,651 | ||||||
Jiangxi Copper Co. Ltd., Class H |
59,850 | 73,889 | ||||||
Jiangxi Zhengbang Technology Co. Ltd., Class A* |
21,900 | 18,998 | ||||||
Joinn Laboratories China Co. Ltd., Class H, 144A |
11,628 | 62,223 | ||||||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A |
5,489 | 27,391 |
Number |
Value |
|||||||
China (Continued) | ||||||||
KE Holdings, Inc., ADR* |
37,964 | $ | 684,871 | |||||
Kingdee International Software Group Co. Ltd.* |
301,997 | 589,461 | ||||||
Kingfa Sci & Tech Co. Ltd., Class A |
4,300 | 6,706 | ||||||
Kingsoft Corp. Ltd. |
88,406 | 270,325 | ||||||
Kuaishou Technology, 144A* |
77,417 | 678,608 | ||||||
Kuang-Chi Technologies Co. Ltd., Class A* |
9,700 | 25,581 | ||||||
LB Group Co. Ltd., Class A |
7,201 | 18,364 | ||||||
Legend Holdings Corp., Class H, 144A |
111,158 | 126,611 | ||||||
Lenovo Group Ltd. |
753,219 | 623,776 | ||||||
Lens Technology Co. Ltd., Class A |
11,938 | 18,842 | ||||||
Li Auto, Inc., ADR* |
59,671 | 1,716,735 | ||||||
Li Ning Co. Ltd. |
152,196 | 1,396,142 | ||||||
Lingyi iTech Guangdong Co., Class A* |
39,435 | 31,463 | ||||||
Livzon Pharmaceutical Group, Inc., Class H |
20,431 | 57,788 | ||||||
Logan Group Co. Ltd. (a) |
162,655 | 17,822 | ||||||
Longfor Group Holdings Ltd., 144A |
137,016 | 446,895 | ||||||
LONGi Green Energy Technology Co. Ltd., Class A |
59,333 | 440,680 | ||||||
Lufax Holding Ltd., ADR |
198,886 | 869,132 | ||||||
Luxshare Precision Industry Co. Ltd., Class A |
29,353 | 159,762 | ||||||
Mango Excellent Media Co. Ltd., Class A |
7,960 | 32,101 | ||||||
Maxscend Microelectronics Co. Ltd., Class A |
2,174 | 32,085 | ||||||
Meituan, Class B, 144A* |
456,299 | 11,034,171 | ||||||
Metallurgical Corp. of China Ltd., Class A |
56,242 | 26,189 | ||||||
Metallurgical Corp. of China Ltd., Class H |
220,909 | 41,937 | ||||||
Microport Scientific Corp.* |
72,502 | 145,210 | ||||||
Ming Yang Smart Energy Group Ltd., Class A |
11,834 | 46,058 | ||||||
Ming Yuan Cloud Group Holdings Ltd. |
34,205 | 28,370 | ||||||
Montage Technology Co. Ltd., Class A |
3,022 | 24,330 | ||||||
Muyuan Foods Co. Ltd., Class A |
15,550 | 132,231 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A |
15,500 | 40,338 | ||||||
NARI Technology Co. Ltd., Class A |
26,736 | 106,462 | ||||||
NAURA Technology Group Co. Ltd., Class A |
2,163 | 88,484 | ||||||
NavInfo Co. Ltd., Class A |
11,031 | 20,930 | ||||||
NetEase, Inc., ADR (a) |
26,773 | 2,369,678 | ||||||
New China Life Insurance Co. Ltd., Class A |
4,480 | 18,723 | ||||||
New China Life Insurance Co. Ltd., Class H |
71,713 | 169,030 | ||||||
New Hope Liuhe Co. Ltd., Class A* |
10,878 | 24,790 | ||||||
Ninestar Corp., Class A |
7,759 | 49,794 | ||||||
Ningbo Tuopu Group Co. Ltd., Class A |
3,500 | 40,140 | ||||||
NIO, Inc., ADR* |
162,258 | 3,230,557 | ||||||
Nongfu Spring Co. Ltd., Class H, 144A (a) |
114,619 | 684,164 | ||||||
Offcn Education Technology Co. Ltd., Class A* |
26,339 | 17,499 | ||||||
Oppein Home Group, Inc., Class A |
2,766 | 52,362 | ||||||
Orient Securities Co. Ltd., Class A |
23,380 | 29,371 | ||||||
Ovctek China, Inc., Class A |
3,677 | 22,771 |
See Notes to Financial Statements. | 27 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A* |
47,342 | $ | 39,351 | |||||
People’s Insurance Co. Group of China Ltd., Class A |
39,304 | 28,451 | ||||||
People’s Insurance Co. Group of China Ltd., Class H |
584,409 | 180,933 | ||||||
Pharmaron Beijing Co. Ltd., Class A |
5,505 | 54,343 | ||||||
Pharmaron Beijing Co. Ltd., Class H, 144A |
10,945 | 72,722 | ||||||
PICC Property & Casualty Co. Ltd., Class H |
443,475 | 480,266 | ||||||
Pinduoduo, Inc., ADR* |
50,063 | 3,569,492 | ||||||
Ping An Bank Co. Ltd., Class A |
93,433 | 172,809 | ||||||
Ping An Healthcare and Technology Co. Ltd., 144A* |
35,301 | 96,249 | ||||||
Ping An Insurance Group Co. of China Ltd., Class A |
69,167 | 439,872 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H |
676,497 | 3,994,934 | ||||||
Poly Developments and Holdings Group Co. Ltd., Class A |
43,488 | 109,137 | ||||||
Poly Property Services Co. Ltd., Class H |
10,741 | 63,155 | ||||||
Pop Mart International Group Ltd., 144A (a) |
18,980 | 49,452 | ||||||
Postal Savings Bank of China Co. Ltd., Class A |
100,873 | 65,995 | ||||||
Postal Savings Bank of China Co. Ltd., Class H, 144A (a) |
828,114 | 495,886 | ||||||
Qinghai Salt Lake Industry Co. Ltd., Class A* |
28,100 | 113,320 | ||||||
Rongsheng Petrochemical Co. Ltd., Class A |
23,842 | 48,974 | ||||||
SAIC Motor Corp. Ltd., Class A |
18,888 | 42,387 | ||||||
Sangfor Technologies, Inc., Class A |
3,812 | 53,401 | ||||||
Sany Heavy Industry Co. Ltd., Class A |
30,512 | 69,712 | ||||||
Satellite Chemical Co. Ltd., Class A |
19,821 | 63,055 | ||||||
Seazen Group Ltd.* |
145,728 | 48,645 | ||||||
Seazen Holdings Co. Ltd., Class A* |
10,115 | 30,549 | ||||||
SF Holding Co. Ltd., Class A |
17,931 | 128,574 | ||||||
SG Micro Corp., Class A |
1,209 | 28,096 | ||||||
Shandong Gold Mining Co. Ltd., Class H, 144A |
49,319 | 83,949 | ||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A |
18,550 | 78,494 | ||||||
Shandong Linglong Tyre Co. Ltd., Class A |
4,844 | 15,986 | ||||||
Shandong Nanshan Aluminum Co. Ltd., Class A |
107,584 | 52,906 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H |
149,410 | 203,684 | ||||||
Shanghai Baosight Software Co. Ltd., Class A |
3,947 | 21,763 | ||||||
Shanghai Baosight Software Co. Ltd., Class B |
31,434 | 95,496 | ||||||
Shanghai Electric Group Co. Ltd., Class H* |
303,875 | 72,786 |
Number |
Value |
|||||||
China (Continued) | ||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A |
13,471 | $ | 78,869 | |||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H |
48,230 | 155,772 | ||||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class H |
25,376 | 118,816 | ||||||
Shanghai International Airport Co. Ltd., Class A* |
7,184 | 58,797 | ||||||
Shanghai International Port Group Co. Ltd., Class A |
42,100 | 33,040 | ||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class A |
5,632 | 47,157 | ||||||
Shanghai Junshi Biosciences Co. Ltd., Class A* |
4,474 | 34,320 | ||||||
Shanghai Junshi Biosciences Co. Ltd., Class H, 144A* (a) |
6,944 | 25,480 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B |
65,381 | 54,528 | ||||||
Shanghai M&G Stationery, Inc., Class A |
4,400 | 28,327 | ||||||
Shanghai MicroPort MedBot Group Co. Ltd.* (a) |
19,404 | 61,434 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class A |
17,000 | 42,614 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H |
47,085 | 68,628 | ||||||
Shanghai Pudong Development Bank Co. Ltd., Class A |
112,261 | 118,391 | ||||||
Shanghai Putailai New Energy Technology Co. Ltd., Class A |
3,732 | 34,312 | ||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A |
18,885 | 21,971 | ||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A |
44,671 | 31,753 | ||||||
Shenwan Hongyuan Group Co. Ltd., Class A |
74,927 | 45,433 | ||||||
Shenzhen Capchem Technology Co. Ltd., Class A |
3,357 | 20,477 | ||||||
Shenzhen Dynanonic Co. Ltd., Class A |
900 | 41,843 | ||||||
Shenzhen Inovance Technology Co. Ltd., Class A |
8,818 | 76,712 | ||||||
Shenzhen Kangtai Biological Products Co. Ltd., Class A |
3,624 | 17,711 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A |
7,791 | 337,361 | ||||||
Shenzhen Overseas Chinese Town Co. Ltd., Class A |
36,464 | 28,299 | ||||||
Shenzhou International Group Holdings Ltd. |
51,631 | 541,712 | ||||||
Sichuan Chuantou Energy Co. Ltd., Class A |
27,600 | 52,809 | ||||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A |
5,800 | 18,064 | ||||||
Sichuan Road & Bridge Co. Ltd., Class A |
41,752 | 64,625 | ||||||
Sichuan Swellfun Co. Ltd., Class A |
3,800 | 40,229 | ||||||
Sinoma Science & Technology Co. Ltd., Class A |
5,182 | 17,425 | ||||||
Sinopharm Group Co. Ltd., Class H |
90,678 | 201,947 |
See Notes to Financial Statements. | 28 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Sinotrans Ltd., Class H |
140,207 | $ | 40,193 | |||||
Sinotruk Hong Kong Ltd. |
43,975 | 44,093 | ||||||
Sunac China Holdings Ltd.* (b) |
230,518 | 0 | ||||||
Sungrow Power Supply Co. Ltd., Class A |
8,089 | 130,719 | ||||||
Sunny Optical Technology Group Co. Ltd. |
43,884 | 603,284 | ||||||
Sunwoda Electronic Co. Ltd., Class A |
10,172 | 40,283 | ||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A |
8,700 | 32,637 | ||||||
Suzhou Maxwell Technologies Co. Ltd., Class A |
1,290 | 87,578 | ||||||
TCL Technology Group Corp., Class A |
94,768 | 57,051 | ||||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A |
24,262 | 169,324 | ||||||
Tencent Holdings Ltd. |
653,961 | 27,262,088 | ||||||
Tencent Music Entertainment Group, ADR* |
64,633 | 330,275 | ||||||
Thunder Software Technology Co. Ltd., Class A |
2,871 | 51,214 | ||||||
Tingyi Cayman Islands Holding Corp. |
68,291 | 121,463 | ||||||
Tongcheng Travel Holdings Ltd.* |
101,331 | 208,889 | ||||||
Tongwei Co. Ltd., Class A |
18,550 | 142,296 | ||||||
Topchoice Medical Corp., Class A* |
1,965 | 33,177 | ||||||
Topsports International Holdings Ltd., 144A |
135,291 | 107,042 | ||||||
TravelSky Technology Ltd., Class H |
98,588 | 172,586 | ||||||
Trina Solar Co. Ltd., Class A |
11,239 | 116,555 | ||||||
Trip.com Group Ltd., ADR* |
69,652 | 1,791,449 | ||||||
Unigroup Guoxin Microelectronics Co. Ltd., Class A |
3,428 | 77,580 | ||||||
Uni-President China Holdings Ltd. |
78,694 | 67,877 | ||||||
Universal Scientific Industrial Shanghai Co. Ltd., Class A |
18,400 | 44,388 | ||||||
Vipshop Holdings Ltd., ADR* |
35,685 | 414,303 | ||||||
Walvax Biotechnology Co. Ltd., Class A |
6,070 | 38,435 | ||||||
Wanhua Chemical Group Co. Ltd., Class A |
12,131 | 155,862 | ||||||
Want Want China Holdings Ltd. |
261,042 | 184,253 | ||||||
Weibo Corp., ADR* |
6,593 | 136,409 | ||||||
Weichai Power Co. Ltd., Class A |
13,688 | 23,093 | ||||||
Weichai Power Co. Ltd., Class H |
147,188 | 197,280 | ||||||
Wens Foodstuffs Group Co. Ltd., Class A* |
15,686 | 53,974 | ||||||
Western Securities Co. Ltd., Class A |
44,956 | 42,259 | ||||||
Will Semiconductor Co. Ltd., Class A |
4,218 | 57,357 | ||||||
Wingtech Technology Co. Ltd., Class A |
6,070 | 56,882 | ||||||
WuXi AppTec Co. Ltd., Class A |
16,850 | 219,133 | ||||||
WuXi AppTec Co. Ltd., Class H, 144A |
37,321 | 424,856 | ||||||
Wuxi Biologics Cayman, Inc., 144A* |
387,505 | 3,441,154 | ||||||
Wuxi Shangji Automation Co. Ltd., Class A |
1,900 | 37,173 | ||||||
XCMG Construction Machinery Co. Ltd., Class A* |
133,389 | 100,813 | ||||||
Xiamen C & D, Inc., Class A |
24,800 | 42,235 | ||||||
Xiaomi Corp., Class B, 144A* |
960,913 | 1,415,259 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., Class A |
27,287 | 50,785 |
Number |
Value |
|||||||
China (Continued) | ||||||||
Xinjiang Goldwind Science & Technology Co. Ltd., Class H |
100,138 | $ | 149,782 | |||||
Xinyi Solar Holdings Ltd. |
547,680 | 756,398 | ||||||
XPeng, Inc., ADR* |
64,654 | 1,197,392 | ||||||
Yealink Network Technology Corp. Ltd., Class A |
4,533 | 47,003 | ||||||
Yifeng Pharmacy Chain Co. Ltd., Class A |
495 | 3,834 | ||||||
Yihai International Holding Ltd.* |
33,109 | 83,607 | ||||||
Yihai Kerry Arawana Holdings Co. Ltd., Class A |
7,184 | 47,605 | ||||||
Yonyou Network Technology Co. Ltd., Class A |
20,100 | 58,578 | ||||||
YTO Express Group Co. Ltd., Class A |
14,655 | 41,710 | ||||||
Yunda Holding Co. Ltd., Class A |
8,618 | 21,053 | ||||||
Yunnan Aluminium Co. Ltd., Class A |
18,868 | 27,617 | ||||||
Yunnan Baiyao Group Co. Ltd., Class A |
7,847 | 59,602 | ||||||
Yunnan Energy New Material Co. Ltd., Class A |
4,177 | 116,944 | ||||||
Yunnan Tin Co. Ltd., Class A |
19,600 | 39,464 | ||||||
Zai Lab Ltd., ADR* |
5,333 | 246,438 | ||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A |
3,056 | 133,433 | ||||||
Zhejiang Century Huatong Group Co. Ltd., Class A* |
78,886 | 52,411 | ||||||
Zhejiang Chint Electrics Co. Ltd., Class A |
7,554 | 34,660 | ||||||
Zhejiang Dahua Technology Co. Ltd., Class A |
33,468 | 71,562 | ||||||
Zhejiang Dingli Machinery Co. Ltd., Class A |
2,700 | 15,361 | ||||||
Zhejiang Expressway Co. Ltd., Class H |
70,040 | 53,363 | ||||||
Zhejiang Huayou Cobalt Co. Ltd., Class A |
3,273 | 35,486 | ||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A |
9,175 | 101,153 | ||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A |
4,030 | 23,998 | ||||||
Zhejiang Juhua Co. Ltd., Class A |
18,500 | 42,134 | ||||||
Zhejiang NHU Co. Ltd., Class A |
13,516 | 44,056 | ||||||
Zhejiang Supor Co. Ltd., Class A |
6,300 | 41,902 | ||||||
Zhejiang Weiming Environment Protection Co. Ltd., Class A |
9,700 | 35,825 | ||||||
Zheshang Securities Co. Ltd., Class A |
16,722 | 26,513 | ||||||
ZhongAn Online P&C Insurance Co. Ltd., Class H, 144A* |
85,669 | 252,679 | ||||||
Zhongji Innolight Co. Ltd., Class A |
8,800 | 37,429 | ||||||
Zhongsheng Group Holdings Ltd. |
26,588 | 126,184 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd. |
30,023 | 145,738 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class A |
2,832 | 25,380 | ||||||
Zhuzhou Kibing Group Co. Ltd., Class A |
23,980 | 39,413 | ||||||
Zijin Mining Group Co. Ltd., Class A |
87,452 | 111,637 | ||||||
Zijin Mining Group Co. Ltd., Class H |
366,661 | 417,634 | ||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A |
34,900 | 29,212 | ||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H |
73,661 | 33,317 | ||||||
ZTE Corp., Class A |
18,512 | 65,793 | ||||||
ZTE Corp., Class H |
40,095 | 85,004 |
See Notes to Financial Statements. | 29 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
ZTO Express Cayman, Inc., ADR (a) |
31,117 | $ | 810,598 | |||||
|
|
|||||||
(Cost $198,527,763) |
148,854,566 | |||||||
|
|
|||||||
Colombia — 0.1% | ||||||||
Bancolombia SA |
24,943 | 192,857 | ||||||
Ecopetrol SA |
160,799 | 82,050 | ||||||
Interconexion Electrica SA ESP |
32,351 | 140,207 | ||||||
|
|
|||||||
(Cost $480,123) |
415,114 | |||||||
|
|
|||||||
Cyprus — 0.0% | ||||||||
Polymetal International PLC (b) (Cost $548,412) |
28,889 | 0 | ||||||
|
|
|||||||
Czech Republic — 0.2% | ||||||||
CEZ AS |
10,205 | 413,272 | ||||||
Komercni Banka AS |
8,419 | 198,452 | ||||||
Moneta Money Bank AS, 144A (a) |
38,464 | 121,994 | ||||||
|
|
|||||||
(Cost $948,185) |
733,718 | |||||||
|
|
|||||||
Egypt — 0.1% | ||||||||
Commercial International Bank Egypt SAE |
179,216 | 355,913 | ||||||
Egyptian Financial Group-Hermes Holding Co.* |
72,041 | 48,040 | ||||||
|
|
|||||||
(Cost $580,780) |
403,953 | |||||||
|
|
|||||||
Greece — 0.3% | ||||||||
Alpha Services and Holdings SA* |
226,654 | 210,636 | ||||||
Eurobank Ergasias Services and Holdings SA* |
267,923 | 250,551 | ||||||
Hellenic Telecommunications Organization SA |
23,668 | 377,458 | ||||||
JUMBO SA |
6,968 | 99,775 | ||||||
Mytilineos SA |
8,644 | 135,769 | ||||||
National Bank of Greece SA* |
55,185 | 178,904 | ||||||
Piraeus Financial Holdings SA* |
72,432 | 76,330 | ||||||
Star Bulk Carriers Corp. |
5,762 | 112,647 | ||||||
Terna Energy SA |
4,772 | 85,077 | ||||||
|
|
|||||||
(Cost $1,818,161) |
1,527,147 | |||||||
|
|
|||||||
Hong Kong — 0.7% | ||||||||
Beijing Enterprises Water Group Ltd. |
245,438 | 63,167 | ||||||
BOC Hong Kong Holdings Ltd. |
389,217 | 1,343,863 | ||||||
China Everbright Environment Group Ltd. |
255,131 | 126,447 | ||||||
China Jinmao Holdings Group Ltd. |
498,520 | 105,435 | ||||||
China Merchants Port Holdings Co. Ltd. |
80,561 | 121,116 | ||||||
China Overseas Land & Investment Ltd. |
314,986 | 850,787 | ||||||
China Resources Cement Holdings Ltd. |
58,571 | 36,192 | ||||||
China Resources Land Ltd. |
126,066 | 517,990 | ||||||
China State Construction International Holdings Ltd. |
100,213 | 115,932 | ||||||
China Taiping Insurance Holdings Co. Ltd. |
100,681 | 103,133 | ||||||
Guangdong Investment Ltd. |
127,454 | 116,918 | ||||||
Orient Overseas International Ltd. |
6,394 | 179,058 | ||||||
|
|
|||||||
(Cost $3,875,096) |
3,680,038 | |||||||
|
|
Number |
Value |
|||||||
Hungary — 0.1% | ||||||||
OTP Bank Nyrt |
23,371 | $ | 496,345 | |||||
Richter Gedeon Nyrt |
8,891 | 178,885 | ||||||
|
|
|||||||
(Cost $1,639,461) |
675,230 | |||||||
|
|
|||||||
India — 14.5% | ||||||||
Aarti Industries Ltd. |
16,436 | 171,831 | ||||||
ABB India Ltd. |
3,116 | 127,951 | ||||||
ACC Ltd. |
6,089 | 176,230 | ||||||
Adani Green Energy Ltd.* |
61,057 | 1,872,018 | ||||||
Adani Ports & Special Economic Zone Ltd. |
76,389 | 809,621 | ||||||
Adani Transmission Ltd.* |
25,064 | 1,249,349 | ||||||
Alkem Laboratories Ltd. |
1,851 | 69,295 | ||||||
Ambuja Cements Ltd. |
41,360 | 214,066 | ||||||
Apollo Hospitals Enterprise Ltd. |
7,754 | 421,854 | ||||||
Ashok Leyland Ltd. |
118,617 | 229,895 | ||||||
Asian Paints Ltd. |
40,735 | 1,738,737 | ||||||
Astral Ltd. |
6,452 | 169,903 | ||||||
AU Small Finance Bank Ltd., 144A |
25,346 | 202,205 | ||||||
Aurobindo Pharma Ltd. |
21,631 | 148,475 | ||||||
Avenue Supermarts Ltd., 144A* |
14,980 | 854,281 | ||||||
Axis Bank Ltd. |
202,118 | 1,911,593 | ||||||
Axis Bank Ltd., GDR |
8,874 | 421,515 | ||||||
Bajaj Auto Ltd. |
3,500 | 179,931 | ||||||
Bajaj Finance Ltd. |
16,073 | 1,477,927 | ||||||
Bajaj Finserv Ltd. |
2,395 | 511,267 | ||||||
Bajaj Holdings & Investment Ltd. |
2,609 | 179,453 | ||||||
Balkrishna Industries Ltd. |
6,765 | 174,199 | ||||||
Bandhan Bank Ltd., 144A* |
69,084 | 242,139 | ||||||
Bank of Baroda |
84,525 | 139,194 | ||||||
Berger Paints India Ltd. |
27,192 | 230,552 | ||||||
Bharat Forge Ltd. |
25,335 | 236,218 | ||||||
Bharti Airtel Ltd. |
230,304 | 2,106,000 | ||||||
Biocon Ltd. |
35,317 | 137,742 | ||||||
Bosch Ltd. |
255 | 56,290 | ||||||
Britannia Industries Ltd. |
4,327 | 204,089 | ||||||
Canara Bank |
30,287 | 91,900 | ||||||
Cholamandalam Investment and Finance Co. Ltd. |
37,973 | 377,708 | ||||||
Cipla Ltd. |
49,572 | 647,864 | ||||||
Colgate-Palmolive India Ltd. |
10,482 | 220,957 | ||||||
Container Corp. Of India Ltd. |
19,022 | 166,752 | ||||||
Dabur India Ltd. |
46,634 | 342,515 | ||||||
Dalmia Bharat Ltd. |
8,311 | 160,696 | ||||||
Deepak Nitrite Ltd. |
7,381 | 183,837 | ||||||
Divi’s Laboratories Ltd. |
12,422 | 566,999 | ||||||
DLF Ltd. |
39,961 | 196,138 | ||||||
Dr. Reddy’s Laboratories Ltd. |
12,728 | 679,993 | ||||||
Eicher Motors Ltd. |
5,119 | 216,384 | ||||||
Embassy Office Parks REIT |
83,442 | 381,347 | ||||||
Gland Pharma Ltd., 144A* |
5,501 | 163,943 | ||||||
Godrej Consumer Products Ltd.* |
39,921 | 464,357 | ||||||
Godrej Properties Ltd.* |
7,592 | 134,502 | ||||||
Grasim Industries Ltd. |
22,477 | 474,854 | ||||||
Havells India Ltd. |
14,828 | 259,673 | ||||||
HCL Technologies Ltd. |
104,660 | 1,236,758 | ||||||
HDFC Asset Management Co. Ltd., 144A |
2,651 | 69,226 |
See Notes to Financial Statements. | 30 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
India (Continued) | ||||||||
HDFC Life Insurance Co. Ltd., 144A |
80,730 | $ | 584,407 | |||||
Hero MotoCorp Ltd. |
8,649 | 308,883 | ||||||
Hindalco Industries Ltd. |
80,210 | 443,154 | ||||||
Hindustan Unilever Ltd. |
84,068 | 2,814,164 | ||||||
Honeywell Automation India Ltd. |
156 | 84,815 | ||||||
Housing Development Finance Corp. Ltd. |
108,320 | 3,335,014 | ||||||
ICICI Bank Ltd. |
335,790 | 3,749,728 | ||||||
ICICI Lombard General Insurance Co. Ltd., 144A |
20,537 | 332,978 | ||||||
ICICI Prudential Life Insurance Co. Ltd., 144A |
31,501 | 235,728 | ||||||
IDFC First Bank Ltd.* |
271,652 | 168,034 | ||||||
Indian Railway Catering & Tourism Corp. Ltd. |
21,352 | 190,993 | ||||||
Indus Towers Ltd. |
52,599 | 132,262 | ||||||
IndusInd Bank Ltd. |
48,277 | 672,862 | ||||||
Info Edge India Ltd. |
5,921 | 323,725 | ||||||
Infosys Ltd., ADR |
145,546 | 2,663,492 | ||||||
Infosys Ltd. |
281,313 | 5,285,628 | ||||||
InterGlobe Aviation Ltd., 144A* |
4,009 | 101,756 | ||||||
JSW Energy Ltd. |
44,367 | 190,432 | ||||||
JSW Steel Ltd. |
57,633 | 483,719 | ||||||
Jubilant Foodworks Ltd. |
35,352 | 274,200 | ||||||
Kansai Nerolac Paints Ltd. |
11,187 | 71,142 | ||||||
Kotak Mahindra Bank Ltd. |
71,343 | 1,719,823 | ||||||
L&T Technology Services Ltd., 144A |
2,360 | 110,310 | ||||||
Larsen & Toubro Infotech Ltd., 144A |
3,665 | 214,098 | ||||||
Laurus Labs Ltd., 144A |
30,967 | 225,672 | ||||||
Linde India Ltd. |
2,038 | 87,952 | ||||||
Lupin Ltd. |
15,662 | 131,886 | ||||||
Macrotech Developers Ltd., 144A* |
6,261 | 86,439 | ||||||
Mahindra & Mahindra Ltd. |
65,107 | 1,072,332 | ||||||
Marico Ltd. |
54,315 | 359,283 | ||||||
Maruti Suzuki India Ltd. |
7,586 | 867,097 | ||||||
Max Financial Services Ltd.* |
22,969 | 238,281 | ||||||
Max Healthcare Institute Ltd.* |
29,603 | 144,647 | ||||||
Mindtree Ltd. |
5,223 | 217,345 | ||||||
Mphasis Ltd. |
5,326 | 142,835 | ||||||
MRF Ltd. |
254 | 272,882 | ||||||
Muthoot Finance Ltd. |
11,564 | 153,555 | ||||||
Nestle India Ltd. |
2,217 | 555,961 | ||||||
NHPC Ltd. |
230,042 | 111,173 | ||||||
NMDC Ltd. |
52,600 | 80,928 | ||||||
Oberoi Realty Ltd. |
9,399 | 119,099 | ||||||
Oracle Financial Services Software Ltd. |
2,341 | 93,390 | ||||||
Page Industries Ltd. |
374 | 240,254 | ||||||
Persistent Systems Ltd. |
3,389 | 150,045 | ||||||
PI Industries Ltd. |
6,519 | 281,917 | ||||||
Pidilite Industries Ltd. |
9,910 | 341,271 | ||||||
Piramal Enterprises Ltd. |
8,258 | 110,534 | ||||||
Piramal Pharma Ltd.* (b) |
33,032 | 91,094 | ||||||
Polycab India Ltd. |
3,340 | 103,832 | ||||||
Power Finance Corp. Ltd. |
67,521 | 101,632 | ||||||
Power Grid Corp. of India Ltd. |
174,065 | 502,973 | ||||||
Punjab National Bank |
164,143 | 74,058 | ||||||
REC Ltd. |
90,522 | 123,892 | ||||||
Samvardhana Motherson International Ltd. |
56,750 | 87,777 |
Number |
Value |
|||||||
India (Continued) | ||||||||
SBI Cards & Payment Services Ltd. |
17,072 | $ | 198,140 | |||||
SBI Life Insurance Co. Ltd., 144A |
34,441 | 576,096 | ||||||
Shree Cement Ltd. |
616 | 171,122 | ||||||
Shriram Transport Finance Co. Ltd. |
11,601 | 197,781 | ||||||
Siemens Ltd. |
4,477 | 162,474 | ||||||
SRF Ltd. |
11,293 | 361,481 | ||||||
State Bank of India |
193,503 | 1,293,744 | ||||||
Steel Authority of India Ltd. |
96,449 | 98,685 | ||||||
Sun Pharmaceutical Industries Ltd. |
64,255 | 722,178 | ||||||
Tata Communications Ltd. |
9,401 | 142,243 | ||||||
Tata Consultancy Services Ltd. |
114,135 | 4,612,549 | ||||||
Tata Consumer Products Ltd. |
51,391 | 523,656 | ||||||
Tata Elxsi Ltd. |
3,075 | 349,042 | ||||||
Tata Motors Ltd.* |
107,230 | 635,757 | ||||||
Tata Motors Ltd., Class A* |
21,074 | 62,102 | ||||||
Tata Power Co. Ltd. |
88,674 | 264,432 | ||||||
Tata Steel Ltd. |
443,690 | 604,741 | ||||||
Tech Mahindra Ltd. |
59,529 | 806,200 | ||||||
Titan Co. Ltd. |
23,628 | 774,529 | ||||||
Torrent Pharmaceuticals Ltd. |
8,064 | 157,361 | ||||||
Trent Ltd. |
15,318 | 271,291 | ||||||
UltraTech Cement Ltd. |
7,106 | 597,205 | ||||||
United Spirits Ltd.* |
18,570 | 189,736 | ||||||
UPL Ltd. |
27,331 | 264,597 | ||||||
Varun Beverages Ltd. |
19,654 | 255,797 | ||||||
Vedanta Ltd. |
47,386 | 161,167 | ||||||
Voltas Ltd. |
18,068 | 227,663 | ||||||
Wipro Ltd. |
167,532 | 871,941 | ||||||
Yes Bank Ltd.* |
1,736,925 | 359,591 | ||||||
Zydus Lifesciences Ltd. |
16,885 | 80,368 | ||||||
|
|
|||||||
(Cost $74,522,762) |
71,355,275 | |||||||
|
|
|||||||
Indonesia — 2.1% | ||||||||
Aneka Tambang Tbk |
377,938 | 50,672 | ||||||
PT Bank Central Asia Tbk |
6,021,917 | 3,326,914 | ||||||
PT Bank Jago Tbk* |
526,609 | 298,917 | ||||||
PT Bank Mandiri Persero Tbk |
1,934,520 | 1,153,478 | ||||||
PT Bank Negara Indonesia Persero Tbk |
467,346 | 268,427 | ||||||
PT Bank Rakyat Indonesia Persero Tbk |
7,577,515 | 2,215,692 | ||||||
PT Barito Pacific Tbk |
2,007,064 | 110,884 | ||||||
PT Chandra Asri Petrochemical Tbk |
1,428,337 | 234,808 | ||||||
PT Charoen Pokphand Indonesia Tbk |
468,846 | 185,580 | ||||||
PT Elang Mahkota Teknologi Tbk* |
1,714,556 | 220,637 | ||||||
PT Indah Kiat Pulp & Paper Tbk |
193,631 | 108,606 | ||||||
PT Indocement Tunggal Prakarsa Tbk |
113,471 | 72,245 | ||||||
PT Indofood CBP Sukses Makmur Tbk |
73,522 | 41,114 | ||||||
PT Indofood Sukses Makmur Tbk |
276,048 | 115,776 | ||||||
PT Kalbe Farma Tbk |
1,440,897 | 163,093 | ||||||
PT Merdeka Copper Gold Tbk* |
1,059,411 | 305,493 | ||||||
PT Sarana Menara Nusantara Tbk |
2,263,248 | 189,081 | ||||||
PT Semen Indonesia Persero Tbk |
148,797 | 66,165 | ||||||
PT Telkom Indonesia Persero Tbk |
3,120,898 | 958,821 | ||||||
PT Tower Bersama Infrastructure Tbk |
151,700 | 28,822 | ||||||
PT Unilever Indonesia Tbk |
567,860 | 175,609 | ||||||
PT Vale Indonesia Tbk* |
164,188 | 67,478 | ||||||
|
|
|||||||
(Cost $10,027,831) |
10,358,312 | |||||||
|
|
See Notes to Financial Statements. | 31 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Kuwait — 0.8% | ||||||||
Agility Public Warehousing Co. KSC |
116,136 | $ | 317,540 | |||||
Boubyan Bank KSCP |
94,771 | 256,970 | ||||||
Gulf Bank KSCP |
154,371 | 175,450 | ||||||
Kuwait Finance House KSCP |
332,054 | 970,445 | ||||||
Mabanee Co KPSC |
40,423 | 108,819 | ||||||
Mobile Telecommunications Co. KSCP |
217,049 | 426,415 | ||||||
National Bank of Kuwait SAKP |
467,942 | 1,601,594 | ||||||
|
|
|||||||
(Cost $3,461,420) |
3,857,233 | |||||||
|
|
|||||||
Malaysia — 0.9% | ||||||||
AMMB Holdings Bhd |
162,900 | 152,144 | ||||||
Axiata Group Bhd |
151,452 | 102,874 | ||||||
CIMB Group Holdings Bhd |
442,458 | 530,890 | ||||||
DiGi.Com Bhd |
88,800 | 74,405 | ||||||
Gamuda Bhd |
72,322 | 61,729 | ||||||
Greatech Technology Bhd* |
24,600 | 19,953 | ||||||
Hartalega Holdings Bhd |
74,400 | 27,596 | ||||||
Hong Leong Bank Bhd |
44,000 | 205,474 | ||||||
Hong Leong Financial Group Bhd |
10,300 | 44,694 | ||||||
IHH Healthcare Bhd |
74,700 | 103,483 | ||||||
Inari Amertron Bhd |
223,700 | 135,455 | ||||||
IOI Corp. Bhd |
87,400 | 82,606 | ||||||
Kuala Lumpur Kepong Bhd |
15,700 | 81,175 | ||||||
Malayan Banking Bhd |
275,257 | 551,683 | ||||||
Malaysia Airports Holdings Bhd* |
40,700 | 53,381 | ||||||
Malaysian Pacific Industries Bhd |
8,000 | 54,984 | ||||||
Maxis Bhd |
87,200 | 75,013 | ||||||
MISC Bhd |
67,700 | 107,400 | ||||||
MR DIY Group M Bhd, 144A |
189,350 | 91,809 | ||||||
Nestle Malaysia Bhd |
2,419 | 71,886 | ||||||
Petronas Chemicals Group Bhd |
89,000 | 174,997 | ||||||
PPB Group Bhd |
25,300 | 99,493 | ||||||
Press Metal Aluminium Holdings Bhd |
205,500 | 219,482 | ||||||
Public Bank Bhd |
701,200 | 737,940 | ||||||
QL Resources Bhd |
53,600 | 61,079 | ||||||
RHB Bank Bhd |
154,378 | 197,996 | ||||||
Sime Darby Bhd |
121,400 | 62,117 | ||||||
Sime Darby Plantation Bhd |
74,900 | 74,641 | ||||||
Telekom Malaysia Bhd |
76,800 | 102,446 | ||||||
TIME dotCom Bhd |
74,700 | 79,615 | ||||||
Top Glove Corp. Bhd |
254,400 | 45,758 | ||||||
Westports Holdings Bhd |
19,900 | 15,474 | ||||||
|
|
|||||||
(Cost $4,830,903) |
4,499,672 | |||||||
|
|
|||||||
Mexico — 2.3% | ||||||||
Alfa SAB de CV, Class A |
308,902 | 196,904 | ||||||
America Movil SAB de CV, Series L |
2,991,763 | 2,554,125 | ||||||
Arca Continental SAB de CV |
32,107 | 218,948 | ||||||
Cemex SAB de CV, Series CPO* |
912,082 | 338,766 | ||||||
Coca-Cola Femsa SAB de CV |
59,429 | 363,985 | ||||||
El Puerto de Liverpool SAB de CV, Class C1 |
12,703 | 56,744 | ||||||
Fibra Uno Administracion SA de CV REIT |
189,921 | 199,156 | ||||||
Fomento Economico Mexicano SAB de CV |
143,164 | 898,832 | ||||||
Gruma SAB de CV, Class B |
6,359 | 69,411 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV, Class B |
24,440 | 348,567 |
Number |
Value |
|||||||
Mexico (Continued) | ||||||||
Grupo Aeroportuario del Sureste SAB de CV, Class B |
7,158 | $ | 151,869 | |||||
Grupo Bimbo SAB de CV, Series A |
80,272 | 264,301 | ||||||
Grupo Elektra SAB DE CV |
5,492 | 285,228 | ||||||
Grupo Financiero Banorte SAB de CV, Class O |
315,653 | 1,867,362 | ||||||
Grupo Financiero Inbursa SAB de CV, Class O* |
106,781 | 168,518 | ||||||
Grupo Mexico SAB de CV, Series B |
209,205 | 793,464 | ||||||
Grupo Televisa SAB, Series CPO |
283,642 | 358,078 | ||||||
Industrias Penoles SAB de CV |
9,514 | 78,332 | ||||||
Kimberly-Clark de Mexico SAB de CV, Class A |
176,864 | 239,987 | ||||||
Orbia Advance Corp. SAB de CV |
77,359 | 146,241 | ||||||
Wal-Mart de Mexico SAB de CV |
564,196 | 1,846,990 | ||||||
|
|
|||||||
(Cost $13,300,123) |
11,445,808 | |||||||
|
|
|||||||
Peru — 0.2% | ||||||||
Credicorp Ltd. (c) |
2,738 | 352,901 | ||||||
Credicorp Ltd. |
1,733 | 224,129 | ||||||
InRetail Peru Corp., 144A |
4,448 | 137,710 | ||||||
Intercorp Financial Services, Inc. |
3,220 | 69,423 | ||||||
|
|
|||||||
(Cost $739,095) |
784,163 | |||||||
|
|
|||||||
Philippines — 0.6% | ||||||||
ACEN Corp. |
59,410 | 7,935 | ||||||
Ayala Land, Inc. |
419,100 | 213,823 | ||||||
Bank of the Philippine Islands |
204,310 | 345,459 | ||||||
BDO Unibank, Inc. |
204,290 | 468,570 | ||||||
Globe Telecom, Inc. |
3,035 | 113,390 | ||||||
International Container Terminal Services, Inc. |
58,370 | 188,347 | ||||||
JG Summit Holdings, Inc. |
130,540 | 119,021 | ||||||
Jollibee Foods Corp. |
32,860 | 140,206 | ||||||
Metropolitan Bank & Trust Co. |
109,300 | 102,381 | ||||||
PLDT, Inc. |
8,645 | 258,480 | ||||||
SM Investments Corp. |
29,490 | 436,403 | ||||||
SM Prime Holdings, Inc. |
700,500 | 472,156 | ||||||
Universal Robina Corp. |
58,400 | 126,877 | ||||||
|
|
|||||||
(Cost $3,388,533) |
2,993,048 | |||||||
|
|
|||||||
Qatar — 1.3% | ||||||||
Commercial Bank PSQC |
263,842 | 531,053 | ||||||
Industries Qatar QSC |
198,080 | 987,205 | ||||||
Masraf Al Rayan QSC |
491,221 | 609,820 | ||||||
Mesaieed Petrochemical Holding Co. |
411,067 | 293,478 | ||||||
Ooredoo QPSC |
72,339 | 180,363 | ||||||
Qatar International Islamic Bank QSC |
64,615 | 211,317 | ||||||
Qatar Islamic Bank SAQ |
143,788 | 1,011,165 | ||||||
Qatar National Bank QPSC |
481,841 | 2,730,884 | ||||||
|
|
|||||||
(Cost $5,834,245) |
6,555,285 | |||||||
|
|
|||||||
Russia — 0.0% | ||||||||
Alrosa PJSC (b) |
246,725 | 0 | ||||||
MMC Norilsk Nickel PJSC (b) |
5,593 | 0 | ||||||
Mobile TeleSystems PJSC, ADR (b) |
25,457 | 0 | ||||||
Mobile TeleSystems PJSC (b) |
32,151 | 0 | ||||||
Novolipetsk Steel PJSC (b) |
121,611 | 0 |
See Notes to Financial Statements. | 32 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Russia (Continued) | ||||||||
PIK Group PJSC* (b) |
21,692 | $ | 0 | |||||
Polyus PJSC (b) |
2,793 | 0 | ||||||
Sberbank of Russia PJSC* (b) |
989,954 | 0 | ||||||
United Co RUSAL International PJSC* (b) |
255,320 | 0 | ||||||
Yandex NV, Class A* (b) |
28,401 | 0 | ||||||
|
|
|||||||
(Cost $9,710,782) |
0 | |||||||
|
|
|||||||
Saudi Arabia — 3.3% | ||||||||
Advanced Petrochemical Co. |
12,976 | 172,599 | ||||||
Al Rajhi Bank* |
127,324 | 3,055,234 | ||||||
Alinma Bank |
84,098 | 850,153 | ||||||
Almarai Co. JSC |
34,317 | 483,852 | ||||||
Arab National Bank |
56,331 | 449,569 | ||||||
Bank AlBilad* |
43,962 | 591,774 | ||||||
Banque Saudi Fransi |
52,328 | 692,556 | ||||||
Bupa Arabia for Cooperative Insurance Co. |
5,594 | 244,654 | ||||||
Dr Sulaiman Al Habib Medical Services Group Co. |
7,223 | 384,304 | ||||||
Etihad Etisalat Co. |
32,021 | 311,777 | ||||||
Jarir Marketing Co. |
5,195 | 237,707 | ||||||
Mouwasat Medical Services Co. |
4,203 | 270,361 | ||||||
National Industrialization Co.* |
34,215 | 145,088 | ||||||
Riyad Bank |
97,193 | 917,891 | ||||||
Sahara International Petrochemical Co. |
31,068 | 394,652 | ||||||
Saudi Basic Industries Corp. |
57,475 | 1,532,055 | ||||||
Saudi British Bank |
62,407 | 663,251 | ||||||
Saudi Industrial Investment Group |
30,403 | 207,054 | ||||||
Saudi Kayan Petrochemical Co.* |
62,131 | 242,970 | ||||||
Saudi National Bank |
143,258 | 2,663,936 | ||||||
Saudi Telecom Co. |
116,842 | 1,299,280 | ||||||
Savola Group |
21,441 | 186,233 | ||||||
Yanbu National Petrochemical Co. |
17,305 | 230,641 | ||||||
|
|
|||||||
(Cost $14,600,336) |
16,227,591 | |||||||
|
|
|||||||
Singapore — 0.0% | ||||||||
BOC Aviation Ltd., 144A (Cost $87,313) |
10,949 | 87,954 | ||||||
|
|
|||||||
South Africa — 3.0% | ||||||||
Absa Group Ltd. |
65,364 | 682,693 | ||||||
Anglo American Platinum Ltd. |
3,027 | 212,890 | ||||||
AngloGold Ashanti Ltd. (a) |
39,314 | 529,656 | ||||||
Aspen Pharmacare Holdings Ltd. |
38,794 | 335,718 | ||||||
Bid Corp. Ltd. |
35,691 | 680,655 | ||||||
Bidvest Group Ltd. |
15,002 | 189,193 | ||||||
Capitec Bank Holdings Ltd. |
4,029 | 483,060 | ||||||
Clicks Group Ltd. |
15,285 | 267,257 | ||||||
Discovery Ltd.* |
39,315 | 283,346 | ||||||
FirstRand Ltd. |
407,398 | 1,533,802 | ||||||
Gold Fields Ltd. |
76,339 | 621,348 | ||||||
Harmony Gold Mining Co. Ltd. |
45,394 | 114,947 | ||||||
Impala Platinum Holdings Ltd. |
53,020 | 561,108 | ||||||
Investec Ltd. |
18,164 | 85,852 | ||||||
Kumba Iron Ore Ltd. (a) |
2,409 | 53,780 | ||||||
MTN Group Ltd. |
148,878 | 1,085,288 | ||||||
MultiChoice Group |
30,304 | 205,548 | ||||||
Naspers Ltd., Class N |
14,336 | 2,040,309 |
Number |
Value |
|||||||
South Africa (Continued) | ||||||||
Nedbank Group Ltd. (a) |
42,752 | $ | 508,678 | |||||
Northam Platinum Holdings Ltd.* |
22,803 | 215,663 | ||||||
Old Mutual Ltd. |
500,456 | 298,611 | ||||||
Pepkor Holdings Ltd., 144A |
83,264 | 98,240 | ||||||
Rand Merchant Investment Holdings Ltd. |
72,599 | 115,217 | ||||||
Sanlam Ltd. |
183,541 | 574,171 | ||||||
Shoprite Holdings Ltd. |
44,376 | 605,899 | ||||||
Sibanye Stillwater Ltd. |
295,724 | 667,810 | ||||||
Standard Bank Group Ltd. |
115,780 | 1,040,868 | ||||||
Vodacom Group Ltd. |
62,462 | 462,297 | ||||||
Woolworths Holdings Ltd. |
114,580 | 376,457 | ||||||
|
|
|||||||
(Cost $17,946,436) |
14,930,361 | |||||||
|
|
|||||||
South Korea — 10.0% | ||||||||
Alteogen, Inc.* |
2,238 | 106,583 | ||||||
Amorepacific Corp. |
1,867 | 171,688 | ||||||
AMOREPACIFIC Group |
1,617 | 42,192 | ||||||
BNK Financial Group, Inc. |
19,948 | 100,072 | ||||||
Celltrion Healthcare Co. Ltd. |
5,633 | 303,644 | ||||||
Celltrion Pharm, Inc.* |
829 | 48,592 | ||||||
Celltrion, Inc. |
5,798 | 821,443 | ||||||
Cheil Worldwide, Inc. |
5,593 | 91,575 | ||||||
Chong Kun Dang Pharmaceutical Corp. |
856 | 54,974 | ||||||
Chunbo Co. Ltd. |
379 | 64,350 | ||||||
CJ CheilJedang Corp. |
421 | 128,262 | ||||||
CJ Corp. |
808 | 47,240 | ||||||
CJ ENM Co. Ltd. |
544 | 39,980 | ||||||
Coway Co. Ltd. |
3,295 | 156,922 | ||||||
CS Wind Corp. |
1,866 | 95,843 | ||||||
Daewoo Engineering & Construction Co. Ltd.* |
13,124 | 51,022 | ||||||
DB HiTek Co. Ltd. |
2,758 | 95,882 | ||||||
DB Insurance Co. Ltd. |
3,889 | 173,581 | ||||||
DL E&C Co. Ltd. |
2,302 | 70,477 | ||||||
Dongsuh Cos., Inc. |
2,983 | 54,528 | ||||||
Doosan Bobcat, Inc. |
2,609 | 67,685 | ||||||
Doosan Fuel Cell Co. Ltd.* |
3,358 | 96,154 | ||||||
Douzone Bizon Co. Ltd. |
588 | 15,914 | ||||||
Ecopro BM Co. Ltd. |
3,124 | 262,056 | ||||||
E-MART, Inc. |
1,120 | 81,893 | ||||||
F&F Co. Ltd. / New |
1,002 | 106,751 | ||||||
Fila Holdings Corp. |
3,728 | 86,960 | ||||||
Genexine, Inc.* |
2,018 | 45,941 | ||||||
Green Cross Corp. |
405 | 49,658 | ||||||
GS Engineering & Construction Corp. |
2,982 | 67,218 | ||||||
Hana Financial Group, Inc. |
27,263 | 800,025 | ||||||
Hanjin Kal Corp.* |
1,293 | 51,041 | ||||||
Hankook Tire & Technology Co. Ltd. |
3,897 | 110,569 | ||||||
Hanmi Pharm. Co. Ltd. |
381 | 87,734 | ||||||
Hanmi Science Co. Ltd. |
1,892 | 61,249 | ||||||
Hanon Systems |
11,187 | 86,147 | ||||||
Hansol Chemical Co. Ltd. |
747 | 122,029 | ||||||
Hanssem Co. Ltd. |
940 | 37,809 | ||||||
Hanwha Life Insurance Co. Ltd.* |
28,391 | 49,032 | ||||||
Hanwha Solutions Corp.* |
7,086 | 278,661 | ||||||
Helixmith Co. Ltd.* |
1,045 | 12,930 | ||||||
HLB, Inc.* |
4,850 | 178,763 |
See Notes to Financial Statements. | 33 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
South Korea (Continued) | ||||||||
HMM Co. Ltd. |
15,910 | $ | 264,661 | |||||
Hugel, Inc.* |
306 | 27,934 | ||||||
HYBE Co. Ltd.* |
860 | 116,698 | ||||||
Hyosung Advanced Materials Corp. |
152 | 48,184 | ||||||
Hyosung TNC Corp. |
182 | 42,658 | ||||||
Hyundai Autoever Corp. |
542 | 48,829 | ||||||
Hyundai Department Store Co. Ltd. |
968 | 44,798 | ||||||
Hyundai Doosan Infracore Co. Ltd.* |
11,988 | 55,300 | ||||||
Hyundai Elevator Co. Ltd. |
2,611 | 57,196 | ||||||
Hyundai Engineering & Construction Co. Ltd. |
6,315 | 227,568 | ||||||
Hyundai Glovis Co. Ltd. |
1,121 | 147,925 | ||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
3,346 | 78,800 | ||||||
Hyundai Mipo Dockyard Co. Ltd.* |
1,214 | 97,116 | ||||||
Hyundai Mobis Co. Ltd. |
3,609 | 580,117 | ||||||
Hyundai Motor Co. |
7,382 | 1,081,733 | ||||||
Hyundai Steel Co. |
4,263 | 104,858 | ||||||
Iljin Materials Co. Ltd. |
736 | 40,829 | ||||||
Industrial Bank of Korea |
16,782 | 120,073 | ||||||
Kakao Corp. |
17,554 | 963,301 | ||||||
Kakao Games Corp.* |
2,226 | 87,872 | ||||||
KakaoBank Corp.* |
10,271 | 209,636 | ||||||
Kakaopay Corp.* |
1,811 | 84,217 | ||||||
KB Financial Group, Inc. |
33,955 | 1,255,336 | ||||||
KCC Corp. |
267 | 58,788 | ||||||
KEPCO Engineering & Construction Co., Inc. |
906 | 49,854 | ||||||
KEPCO Plant Service & Engineering Co. Ltd. |
1,770 | 54,719 | ||||||
Kia Corp. |
14,295 | 863,546 | ||||||
KIWOOM Securities Co. Ltd. |
1,489 | 95,292 | ||||||
KMW Co. Ltd.* |
2,610 | 62,638 | ||||||
Korea Gas Corp. |
2,008 | 65,304 | ||||||
Korea Investment Holdings Co. Ltd. |
2,240 | 95,123 | ||||||
Korea Zinc Co. Ltd. |
554 | 278,336 | ||||||
Korean Air Lines Co. Ltd.* |
11,271 | 226,254 | ||||||
Krafton, Inc.* |
1,666 | 307,031 | ||||||
KT Corp. |
6,627 | 184,310 | ||||||
KT&G Corp. |
10,049 | 625,081 | ||||||
Kumho Petrochemical Co. Ltd. |
1,118 | 108,661 | ||||||
L&F Co. Ltd.* |
1,969 | 339,318 | ||||||
LEENO Industrial, Inc. |
687 | 73,757 | ||||||
LG Chem Ltd. |
2,769 | 1,308,368 | ||||||
LG Corp. |
6,572 | 402,904 | ||||||
LG Display Co. Ltd. |
21,947 | 255,970 | ||||||
LG Electronics, Inc. |
6,194 | 467,716 | ||||||
LG Energy Solution Ltd.* |
1,928 | 666,667 | ||||||
LG H&H Co. Ltd. |
908 | 483,343 | ||||||
LG Innotek Co. Ltd. |
1,250 | 321,483 | ||||||
LG Uplus Corp. |
22,570 | 194,053 | ||||||
Lotte Chemical Corp. |
895 | 117,098 | ||||||
Lotte Shopping Co. Ltd. |
917 | 67,736 | ||||||
LS Corp. |
1,201 | 60,250 | ||||||
Mando Corp. |
1,971 | 79,574 | ||||||
Meritz Financial Group, Inc. |
813 | 18,721 | ||||||
Meritz Fire & Marine Insurance Co. Ltd. |
3,187 | 91,377 | ||||||
Meritz Securities Co. Ltd. |
17,585 | 63,632 |
Number |
Value |
|||||||
South Korea (Continued) | ||||||||
Mirae Asset Securities Co. Ltd. |
28,445 | $ | 139,508 | |||||
NAVER Corp. |
13,877 | 2,489,985 | ||||||
NCSoft Corp. |
813 | 230,063 | ||||||
Netmarble Corp., 144A |
1,489 | 70,690 | ||||||
NH Investment & Securities Co. Ltd. |
16,098 | 119,753 | ||||||
Orion Corp. |
1,121 | 82,469 | ||||||
Pan Ocean Co. Ltd. |
4,830 | 18,597 | ||||||
Pearl Abyss Corp.* |
2,239 | 95,081 | ||||||
S-1 Corp. |
961 | 41,815 | ||||||
Samsung Biologics Co. Ltd., 144A* |
1,126 | 702,934 | ||||||
Samsung C&T Corp. |
4,626 | 416,757 | ||||||
Samsung Electro-Mechanics Co. Ltd. |
5,225 | 546,895 | ||||||
Samsung Electronics Co. Ltd. |
310,052 | 13,838,813 | ||||||
Samsung Engineering Co. Ltd.* |
7,907 | 138,626 | ||||||
Samsung Fire & Marine Insurance Co. Ltd. |
3,247 | 473,377 | ||||||
Samsung Life Insurance Co. Ltd. |
7,072 | 327,811 | ||||||
Samsung SDI Co. Ltd. |
5,106 | 2,282,822 | ||||||
Samsung SDS Co. Ltd. |
3,237 | 310,982 | ||||||
Samsung Securities Co. Ltd. |
6,713 | 170,140 | ||||||
Seegene, Inc. |
2,986 | 70,433 | ||||||
Shin Poong Pharmaceutical Co. Ltd.* |
2,983 | 62,334 | ||||||
Shinhan Financial Group Co. Ltd. |
47,658 | 1,304,088 | ||||||
Shinsegae, Inc. |
375 | 62,661 | ||||||
SK Biopharmaceuticals Co. Ltd.* |
2,240 | 119,909 | ||||||
SK Bioscience Co. Ltd.* |
1,963 | 165,840 | ||||||
SK Chemicals Co. Ltd. |
1,119 | 81,820 | ||||||
SK Hynix, Inc. |
51,342 | 3,654,262 | ||||||
SK IE Technology Co. Ltd., 144A* |
1,555 | 96,726 | ||||||
SK Innovation Co. Ltd.* |
2,767 | 393,054 | ||||||
SK Square Co. Ltd.* |
9,185 | 278,115 | ||||||
SK Telecom Co. Ltd. |
5,747 | 223,856 | ||||||
SKC Co. Ltd. |
766 | 69,582 | ||||||
Solus Advanced Materials Co. Ltd. |
1,344 | 42,002 | ||||||
Soulbrain Co. Ltd. |
376 | 60,945 | ||||||
SSANGYONG C&E Co. Ltd. |
5,733 | 29,275 | ||||||
Studio Dragon Corp.* |
733 | 41,594 | ||||||
Wemade Co. Ltd. |
1,492 | 69,271 | ||||||
WONIK IPS Co. Ltd. |
2,298 | 48,106 | ||||||
Woori Financial Group, Inc. |
34,227 | 312,190 | ||||||
Yuhan Corp. |
1,937 | 82,256 | ||||||
|
|
|||||||
(Cost $65,862,876) |
49,113,049 | |||||||
|
|
|||||||
Taiwan — 18.8% | ||||||||
Accton Technology Corp. |
40,554 | 377,727 | ||||||
Acer, Inc. |
310,579 | 224,484 | ||||||
Advantech Co. Ltd. |
24,556 | 264,217 | ||||||
ASE Technology Holding Co. Ltd. |
351,138 | 985,205 | ||||||
Asia Cement Corp. |
134,498 | 191,114 | ||||||
ASMedia Technology, Inc. |
2,611 | 80,206 | ||||||
ASPEED Technology, Inc. |
2,006 | 134,118 | ||||||
Asustek Computer, Inc. |
69,533 | 582,535 | ||||||
AUO Corp. |
863,056 | 474,947 | ||||||
Catcher Technology Co. Ltd.* |
43,107 | 262,714 | ||||||
Cathay Financial Holding Co. Ltd. |
805,689 | 1,179,251 | ||||||
Chailease Holding Co. Ltd. |
147,113 | 952,156 | ||||||
Chang Hwa Commercial Bank Ltd. |
575,246 | 333,572 |
See Notes to Financial Statements. | 34 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Taiwan (Continued) | ||||||||
Cheng Shin Rubber Industry Co. Ltd. |
87,184 | $ | 101,542 | |||||
Chicony Electronics Co. Ltd. |
49,244 | 132,018 | ||||||
China Airlines Ltd. |
200,772 | 150,393 | ||||||
China Development Financial Holding Corp. |
1,792,524 | 789,152 | ||||||
China Development Financial Holding Corp. |
207,773 | 57,886 | ||||||
China Steel Corp. |
727,259 | 691,717 | ||||||
Chroma ATE, Inc. |
30,496 | 188,862 | ||||||
Chunghwa Telecom Co. Ltd. |
407,631 | 1,620,480 | ||||||
Compal Electronics, Inc. |
422,992 | 316,158 | ||||||
CTBC Financial Holding Co. Ltd. |
1,963,193 | 1,515,730 | ||||||
Delta Electronics, Inc. |
201,521 | 1,741,274 | ||||||
E Ink Holdings, Inc. |
69,000 | 542,932 | ||||||
E.Sun Financial Holding Co. Ltd. |
1,364,764 | 1,264,438 | ||||||
Eclat Textile Co. Ltd. |
19,253 | 281,797 | ||||||
eMemory Technology, Inc. |
5,605 | 255,045 | ||||||
Eva Airways Corp. |
170,224 | 188,749 | ||||||
Evergreen Marine Corp. Taiwan Ltd. |
177,421 | 514,703 | ||||||
Far Eastern New Century Corp. |
192,409 | 207,027 | ||||||
Far EasTone Telecommunications Co. Ltd. |
175,364 | 430,956 | ||||||
Feng TAY Enterprise Co. Ltd. |
43,856 | 247,827 | ||||||
First Financial Holding Co. Ltd. |
1,114,168 | 971,866 | ||||||
Formosa Chemicals & Fibre Corp. |
214,640 | 484,461 | ||||||
Formosa Plastics Corp. |
300,962 | 900,785 | ||||||
Formosa Sumco Technology Corp. |
6,070 | 36,495 | ||||||
Foxconn Technology Co. Ltd. |
60,613 | 100,764 | ||||||
Fubon Financial Holding Co. Ltd. |
727,124 | 1,371,233 | ||||||
Giant Manufacturing Co. Ltd. |
17,090 | 134,474 | ||||||
Globalwafers Co. Ltd. |
12,663 | 202,192 | ||||||
Highwealth Construction Corp. |
79,731 | 126,784 | ||||||
Hiwin Technologies Corp. |
16,964 | 115,648 | ||||||
Hon Hai Precision Industry Co. Ltd. |
1,237,105 | 4,430,208 | ||||||
Hotai Motor Co. Ltd. |
18,609 | 375,390 | ||||||
Hua Nan Financial Holdings Co. Ltd. |
1,045,595 | 798,689 | ||||||
Innolux Corp. |
977,635 | 388,645 | ||||||
Inventec Corp. |
269,515 | 204,986 | ||||||
Largan Precision Co. Ltd. |
5,568 | 357,633 | ||||||
Lite-On Technology Corp. |
219,169 | 473,801 | ||||||
Macronix International Co. Ltd. |
151,937 | 164,479 | ||||||
MediaTek, Inc. |
95,354 | 2,089,564 | ||||||
Mega Financial Holding Co. Ltd. |
1,109,860 | 1,309,042 | ||||||
Merida Industry Co. Ltd. |
20,073 | 147,065 | ||||||
Micro-Star International Co. Ltd. |
71,482 | 270,076 | ||||||
momo.com, Inc. |
7,162 | 171,770 | ||||||
Nan Ya Plastics Corp. |
308,138 | 695,493 | ||||||
Nan Ya Printed Circuit Board Corp. |
13,944 | 123,921 | ||||||
Nanya Technology Corp. |
116,457 | 204,314 | ||||||
Nien Made Enterprise Co. Ltd. |
11,562 | 107,500 | ||||||
Novatek Microelectronics Corp. |
34,386 | 297,683 | ||||||
Oneness Biotech Co. Ltd.* |
22,720 | 220,949 | ||||||
Pegatron Corp. |
174,548 | 364,723 | ||||||
Phison Electronics Corp. |
8,051 | 82,659 | ||||||
Pou Chen Corp. |
167,283 | 159,383 | ||||||
Powerchip Semiconductor Manufacturing Corp. |
218,897 | 247,754 |
Number |
Value |
|||||||
Taiwan (Continued) | ||||||||
Powertech Technology, Inc. |
68,856 | $ | 193,193 | |||||
Quanta Computer, Inc. |
278,331 | 725,147 | ||||||
Realtek Semiconductor Corp. |
26,578 | 302,127 | ||||||
Ruentex Development Co. Ltd. |
51,742 | 107,266 | ||||||
Ruentex Industries Ltd. |
41,222 | 88,572 | ||||||
Shanghai Commercial & Savings Bank Ltd. |
347,521 | 568,593 | ||||||
Shin Kong Financial Holding Co. Ltd. |
1,501,777 | 433,696 | ||||||
Silicon Motion Technology Corp., ADR |
2,806 | 216,371 | ||||||
Sino-American Silicon Products, Inc. |
40,611 | 223,486 | ||||||
SinoPac Financial Holdings Co. Ltd. |
1,080,839 | 616,100 | ||||||
Standard Foods Corp. |
37,567 | 50,665 | ||||||
Synnex Technology International Corp. |
68,635 | 125,826 | ||||||
TA Chen Stainless Pipe |
134,000 | 174,117 | ||||||
Taishin Financial Holding Co. Ltd. |
1,194,497 | 596,513 | ||||||
Taiwan Business Bank |
343,682 | 145,094 | ||||||
Taiwan Cement Corp. |
241,828 | 312,241 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
624,093 | 566,938 | ||||||
Taiwan Fertilizer Co. Ltd. |
50,080 | 103,492 | ||||||
Taiwan High Speed Rail Corp. |
229,877 | 220,531 | ||||||
Taiwan Mobile Co. Ltd. |
192,984 | 631,498 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
2,639,453 | 43,792,157 | ||||||
Tatung Co. Ltd.* |
123,942 | 140,485 | ||||||
Teco Electric and Machinery Co. Ltd. |
107,051 | 104,105 | ||||||
Tripod Technology Corp. |
49,616 | 163,824 | ||||||
Unimicron Technology Corp. |
104,796 | 521,613 | ||||||
Uni-President Enterprises Corp. |
291,953 | 633,064 | ||||||
United Microelectronics Corp.* |
1,230,588 | 1,661,673 | ||||||
Vanguard International Semiconductor Corp. |
91,426 | 223,477 | ||||||
Voltronic Power Technology Corp. |
5,343 | 304,562 | ||||||
Walsin Lihwa Corp. |
227,624 | 296,893 | ||||||
Walsin Technology Corp. |
27,937 | 85,360 | ||||||
Wan Hai Lines Ltd. |
57,509 | 164,001 | ||||||
Win Semiconductors Corp. |
32,837 | 192,572 | ||||||
Winbond Electronics Corp. |
285,514 | 208,243 | ||||||
Wistron Corp. |
276,505 | 251,637 | ||||||
Wiwynn Corp. |
7,697 | 194,717 | ||||||
WPG Holdings Ltd. |
87,190 | 147,238 | ||||||
Yageo Corp. |
27,332 | 294,984 | ||||||
Yang Ming Marine Transport Corp. |
149,850 | 388,441 | ||||||
Yuanta Financial Holding Co. Ltd. |
1,267,318 | 845,226 | ||||||
Zhen Ding Technology Holding Ltd. |
71,962 | 269,525 | ||||||
|
|
|||||||
(Cost $113,574,655) |
92,696,624 | |||||||
|
|
|||||||
Thailand — 1.8% | ||||||||
Advanced Info Service PCL, NVDR |
106,000 | 558,162 | ||||||
Airports of Thailand PCL, NVDR* |
262,200 | 523,142 | ||||||
Asset World Corp. PCL, NVDR |
815,900 | 125,308 | ||||||
Bangkok Bank PCL |
54,100 | 203,269 | ||||||
Bangkok Bank PCL, NVDR |
52,800 | 198,385 | ||||||
Bangkok Commercial Asset Management PCL, NVDR |
196,200 | 99,008 | ||||||
Bangkok Dusit Medical Services PCL, NVDR |
384,900 | 308,764 |
See Notes to Financial Statements. | 35 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Thailand (Continued) | ||||||||
Bangkok Expressway & Metro PCL |
75,100 | $ | 18,022 | |||||
Bangkok Expressway & Metro PCL, NVDR |
728,600 | 174,844 | ||||||
Bangkok Life Assurance PCL, NVDR |
43,200 | 42,060 | ||||||
Berli Jucker PCL, NVDR |
83,500 | 76,716 | ||||||
BTS Group Holdings PCL, NVDR |
773,900 | 178,286 | ||||||
Bumrungrad Hospital PCL, NVDR |
36,600 | 216,815 | ||||||
Carabao Group PCL, NVDR |
36,500 | 101,104 | ||||||
Central Pattana PCL, NVDR |
106,500 | 202,266 | ||||||
Central Retail Corp. PCL |
95,500 | 106,075 | ||||||
Central Retail Corp. PCL, NVDR |
182,800 | 203,041 | ||||||
Charoen Pokphand Foods PCL, NVDR |
256,300 | 182,758 | ||||||
Com7 PCL, NVDR |
98,000 | 92,725 | ||||||
Dohome PCL, NVDR |
105,300 | 43,896 | ||||||
Energy Absolute PCL, NVDR |
172,700 | 403,776 | ||||||
Fabrinet* |
2,368 | 243,525 | ||||||
Hana Microelectronics PCL, NVDR |
52,100 | 61,084 | ||||||
Home Product Center PCL, NVDR |
320,200 | 122,065 | ||||||
Indorama Ventures PCL, NVDR |
109,700 | 130,121 | ||||||
Intouch Holdings PCL, Class F |
15,900 | 31,724 | ||||||
Intouch Holdings PCL, NVDR |
83,000 | 165,602 | ||||||
Jay Mart PCL, NVDR |
44,100 | 62,892 | ||||||
JMT Network Services PCL, NVDR |
64,300 | 137,550 | ||||||
Kasikornbank PCL, NVDR |
171,900 | 723,665 | ||||||
KCE Electronics PCL, NVDR |
65,200 | 97,007 | ||||||
Kerry Express Thailand PCL, NVDR* |
70,800 | 42,135 | ||||||
Krung Thai Bank PCL, NVDR |
291,500 | 135,107 | ||||||
Krungthai Card PCL |
36,900 | 60,973 | ||||||
Krungthai Card PCL, NVDR |
36,900 | 60,973 | ||||||
Land & Houses PCL, NVDR |
247,900 | 60,509 | ||||||
Minor International PCL, NVDR* |
196,083 | 176,118 | ||||||
Muangthai Capital PCL |
600 | 699 | ||||||
Muangthai Capital PCL, NVDR |
33,400 | 38,930 | ||||||
Osotspa PCL |
30,500 | 26,140 | ||||||
Osotspa PCL, NVDR |
109,700 | 94,018 | ||||||
PTT Exploration & Production PCL, NVDR |
56,500 | 261,097 | ||||||
PTT Global Chemical PCL, NVDR |
219,700 | 286,205 | ||||||
SCB X PCL, NVDR |
115,100 | 348,812 | ||||||
SCG Packaging PCL |
53,300 | 82,956 | ||||||
SCG Packaging PCL, NVDR |
73,000 | 113,617 | ||||||
Siam Cement PCL, NVDR |
26,000 | 255,276 | ||||||
Siam Global House PCL, NVDR |
108,513 | 58,330 | ||||||
Siam Makro PCL, NVDR |
125,600 | 118,840 | ||||||
Sri Trang Agro-Industry PCL, NVDR |
62,480 | 38,726 | ||||||
Sri Trang Gloves Thailand PCL |
73,500 | 28,624 | ||||||
Srisawad Corp. PCL, NVDR |
70,700 | 94,525 | ||||||
Thai Union Group PCL, NVDR |
209,800 | 100,692 | ||||||
Thonburi Healthcare Group PCL, NVDR |
28,100 | 52,597 | ||||||
Tisco Financial Group PCL, NVDR |
49,700 | 127,785 | ||||||
TMBThanachart Bank PCL, NVDR |
2,811,377 | 97,921 | ||||||
Total Access Communication PCL, NVDR |
37,700 | 44,459 | ||||||
True Corp. PCL, NVDR |
1,202,700 | 150,410 | ||||||
VGI PCL, NVDR |
510,900 | 61,371 | ||||||
|
|
|||||||
(Cost $9,320,981) |
8,851,502 | |||||||
|
|
|||||||
Turkey — 0.6% | ||||||||
Akbank TAS |
325,103 | 209,415 | ||||||
Aksa Akrilik Kimya Sanayii AS |
16,142 | 49,017 |
Number |
Value |
|||||||
Turkey (Continued) | ||||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS |
26,867 | $ | 61,015 | |||||
Arcelik AS |
17,536 | 67,707 | ||||||
Aselsan Elektronik Sanayi Ve Ticaret AS |
44,655 | 63,959 | ||||||
BIM Birlesik Magazalar AS |
53,562 | 322,058 | ||||||
Borusan Yatirim ve Pazarlama AS |
935 | 22,072 | ||||||
Coca-Cola Icecek AS |
8,156 | 71,723 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT |
272,232 | 59,999 | ||||||
Eregli Demir ve Celik Fabrikalari TAS |
115,435 | 182,595 | ||||||
Ford Otomotiv Sanayi AS |
3,485 | 63,573 | ||||||
Hektas Ticaret TAS* |
33,902 | 76,470 | ||||||
Is Gayrimenkul Yatirim Ortakligi AS REIT* |
53,335 | 52,999 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D |
77,854 | 50,578 | ||||||
KOC Holding AS |
33,699 | 84,495 | ||||||
Koza Altin Isletmeleri AS |
4,957 | 43,128 | ||||||
Koza Anadolu Metal Madencilik Isletmeleri AS* |
34,269 | 51,080 | ||||||
Petkim Petrokimya Holding AS* |
67,645 | 53,612 | ||||||
Sasa Polyester Sanayi AS* |
41,792 | 122,887 | ||||||
Tekfen Holding AS |
30,454 | 49,846 | ||||||
Tofas Turk Otomobil Fabrikasi AS |
7,121 | 34,579 | ||||||
Turk Hava Yollari AO* |
52,692 | 211,701 | ||||||
Turk Telekomunikasyon AS |
59,180 | 34,120 | ||||||
Turkcell Iletisim Hizmetleri AS |
145,391 | 172,604 | ||||||
Turkiye Halk Bankasi AS* |
86,760 | 41,104 | ||||||
Turkiye Is Bankasi AS, Class C |
359,859 | 156,645 | ||||||
Turkiye Sise ve Cam Fabrikalari AS |
150,325 | 204,735 | ||||||
Turkiye Vakiflar Bankasi TAO, Class D* |
208,124 | 83,618 | ||||||
Ulker Biskuvi Sanayi AS* |
26,328 | 26,047 | ||||||
Yapi ve Kredi Bankasi AS |
392,626 | 151,919 | ||||||
|
|
|||||||
(Cost $2,728,228) |
2,875,300 | |||||||
|
|
|||||||
United Arab Emirates — 2.1% | ||||||||
Abu Dhabi Commercial Bank PJSC |
188,240 | 464,828 | ||||||
Aldar Properties PJSC |
233,601 | 306,546 | ||||||
Dubai Islamic Bank PJSC |
195,547 | 311,444 | ||||||
Emaar Properties PJSC |
257,843 | 439,443 | ||||||
Emirates NBD Bank PJSC |
162,914 | 592,124 | ||||||
Emirates Telecommunications Group Co. PJSC |
376,849 | 2,638,831 | ||||||
First Abu Dhabi Bank PJSC |
289,562 | 1,505,733 | ||||||
International Holding Co. PJSC* |
41,613 | 3,840,625 | ||||||
|
|
|||||||
(Cost $7,783,720) |
10,099,574 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
479,013,464 | |||||||
|
|
|||||||
PREFERRED STOCKS — 2.1% | ||||||||
Brazil — 1.3% | ||||||||
Alpargatas SA |
19,396 | 77,270 | ||||||
Banco Bradesco SA |
572,424 | 2,094,800 | ||||||
Bradespar SA |
25,703 | 108,597 | ||||||
Braskem SA, Class A |
12,468 | 73,277 | ||||||
Centrais Eletricas Brasileiras SA, Class B |
28,530 | 263,769 | ||||||
Cia Energetica de Minas Gerais |
154,707 | 361,311 |
See Notes to Financial Statements. | 36 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Brazil (Continued) | ||||||||
Gerdau SA |
74,121 | $ | 333,623 | |||||
Itau Unibanco Holding SA |
528,148 | 2,631,056 | ||||||
Itausa SA |
312,590 | 552,055 | ||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A |
38,948 | 60,290 | ||||||
|
|
|||||||
(Cost $6,794,363) |
6,556,048 | |||||||
|
|
|||||||
Chile — 0.2% | ||||||||
Sociedad Quimica y Minera de Chile SA, Class B (Cost $489,969) |
9,389 | 942,497 | ||||||
|
|
|||||||
Colombia — 0.1% | ||||||||
Bancolombia SA |
48,465 | 335,063 | ||||||
Grupo Aval Acciones y Valores SA |
109,752 | 16,501 | ||||||
|
|
|||||||
(Cost $426,029) |
351,564 | |||||||
|
|
|||||||
Russia — 0.0% | ||||||||
Sberbank of Russia PJSC (b) (Cost $275,893) |
71,636 | 0 | ||||||
|
|
|||||||
South Korea — 0.5% | ||||||||
Hyundai Motor Co. |
1,493 | 101,799 | ||||||
Hyundai Motor Co. — 2nd Preferred |
2,627 | 183,245 | ||||||
LG Chem Ltd. |
411 | 92,491 | ||||||
LG Electronics, Inc. |
997 | 35,257 | ||||||
Samsung Electronics Co. Ltd. |
54,244 | 2,210,234 | ||||||
|
|
|||||||
(Cost $3,756,204) |
2,623,026 | |||||||
|
|
|||||||
TOTAL
PREFERRED STOCKS |
10,473,135 | |||||||
|
|
|||||||
Principal |
||||||||
CORPORATE BONDS — 0.0% | ||||||||
India — 0.0% | ||||||||
Britannia
Industries Ltd. Series N3, |
INR | 2,494 | 30 | |||||
|
|
Number |
Value |
|||||||
WARRANTS — 0.0% | ||||||||
Switzerland — 0.0% | ||||||||
Cie
Financiere Richemont SA*, expires 11/22/23 |
746 | $ | 481 | |||||
|
|
|||||||
Thailand — 0.0% | ||||||||
BTS Group Holdings PCL*, expires 11/7/24 |
400 | 3 | ||||||
BTS Group Holdings PCL*, expires 11/20/26 |
800 | 5 | ||||||
|
|
|||||||
(Cost $0) |
8 | |||||||
|
|
|||||||
TOTAL
WARRANTS |
489 | |||||||
|
|
|||||||
SECURITIES LENDING COLLATERAL — 0.3% | ||||||||
DWS
Government & Agency Securities Portfolio “DWS Government Cash
Institutional Shares”, 2.00% (d)(e) |
1,366,731 | 1,366,731 | ||||||
|
|
|||||||
CASH EQUIVALENTS — 0.4% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (d) |
1,859,521 | 1,859,521 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 100.0% |
||||||||
(Cost $599,003,024) |
$ | 492,713,370 | ||||||
Other assets and liabilities, net — 0.0% |
67,842 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 492,781,212 | ||||||
|
|
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at 8/31/2021 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
EXCHANGE-TRADED FUNDS — 0.0% |
| |||||||||||||||||||||||||||||||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF (f) |
| |||||||||||||||||||||||||||||||||||
3,087 | — | (3,141 | ) | 297 | (243 | ) | — | — | — | — | ||||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.3% |
| |||||||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (d)(e) |
| |||||||||||||||||||||||||||||||||||
1,768,050 | — | (401,319 | )(g) | — | — | 8,092 | — | 1,366,731 | 1,366,731 | |||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.4% |
| |||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (d) |
| |||||||||||||||||||||||||||||||||||
3,753,775 | 33,109,751 | (35,004,005 | ) | — | — | 5,632 | — | 1,859,521 | 1,859,521 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
5,524,912 | 33,109,751 | (35,408,465 | ) | 297 | (243 | ) | 13,724 | — | 3,226,252 | 3,226,252 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements. | 37 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $5,511,559, which is 1.1% of net assets. |
(b) |
Investment was valued using significant unobservable inputs. |
(c) |
Listed on the New York Stock Exchange. |
(d) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(e) |
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $4,316,668. |
(f) |
Affiliated fund advised by DBX Advisors LLC. |
(g) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
ADR: | American Depositary Receipt |
CPO: | Ordinary Participation Certificates |
GDR: | Global Depositary Receipt |
JSC: | Joint Stock Company |
KSC: | Kuwait Shareholding Company |
KSCP: | Kuwait Shareholding Company Public |
NVDR: | Non Voting Depositary Receipt |
PJSC: | Public Joint Stock Company |
PSQC: | Public Shareholders Qatari Company |
QPSC: | Qatari Public Shareholders Company |
QSC: | Qatari Shareholders Company |
REIT: | Real Estate Investment Trust |
SAE: | Societe Anonyme Egyptienne |
SAQ: | Societe Anonyme Qatar |
144A: | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
Securities are listed in country of domicile.
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Depreciation |
||||||||||||
MSCI Emerging Markets Index Future |
USD | 65 | $ | 3,233,320 | $ | 3,191,175 | 9/16/2022 | $ | (42,145 | ) |
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
INR | Indian Rupee |
USD | U.S. Dollar |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 478,777,100 | $ | — | $ | 236,364 | $ | 479,013,464 | ||||||||
Preferred Stocks (a) |
10,473,135 | — | 0 | 10,473,135 | ||||||||||||
Corporate Bonds |
— | 30 | — | 30 | ||||||||||||
Warrants (a) |
489 | — | — | 489 | ||||||||||||
Short-Term Investments (a) |
3,226,252 | — | — | 3,226,252 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 492,476,976 | $ | 30 | $ | 236,364 | $ | 492,713,370 | ||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements. | 38 |
DBX ETF Trust
Schedule of Investments
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (Continued)
August 31, 2022
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (42,145 | ) | $ | — | $ | — | $ | (42,145 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | (42,145 | ) | $ | — | $ | — | $ | (42,145 | ) | ||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
During the year ended August 31, 2022, the amount of transfers from Level 1 to Level 3 was $7,635,815 and between Level 3 and Level 1 was $26. The investments were transferred from Level 1 to Level 3 due to the lack of observable market data due to a decrease in market activity. The investments were transferred from Level 3 to Level 1 due to the availability of a pricing source supported by observable inputs. Transfers between price levels are recognized at the beginning of the reporting period.
See Notes to Financial Statements. | 39 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 98.7% | ||||||||
Australia — 8.4% | ||||||||
APA Group (a) |
5,106 | $ | 38,820 | |||||
Aristocrat Leisure Ltd. |
2,558 | 62,605 | ||||||
ASX Ltd. |
787 | 42,326 | ||||||
Aurizon Holdings Ltd. |
7,763 | 19,851 | ||||||
Australia & New Zealand Banking Group Ltd. |
12,552 | 196,453 | ||||||
BlueScope Steel Ltd. |
1,973 | 22,615 | ||||||
Brambles Ltd. |
5,883 | 49,930 | ||||||
Cochlear Ltd. |
280 | 41,136 | ||||||
Coles Group Ltd. |
5,717 | 68,823 | ||||||
Commonwealth Bank of Australia |
7,211 | 481,843 | ||||||
Computershare Ltd. |
2,326 | 39,386 | ||||||
Dexus REIT |
4,620 | 27,650 | ||||||
Domino’s Pizza Enterprises Ltd. |
257 | 11,197 | ||||||
Endeavour Group Ltd. |
5,763 | 28,722 | ||||||
Evolution Mining Ltd. |
7,728 | 12,662 | ||||||
Fortescue Metals Group Ltd. |
7,049 | 89,013 | ||||||
Goodman Group REIT |
7,003 | 94,434 | ||||||
GPT Group REIT |
8,269 | 23,866 | ||||||
IDP Education Ltd. |
891 | 17,720 | ||||||
Lendlease Corp. Ltd. (a) |
2,856 | 20,108 | ||||||
Macquarie Group Ltd. |
1,521 | 184,833 | ||||||
Mineral Resources Ltd.* |
716 | 31,400 | ||||||
Mirvac Group REIT |
16,665 | 23,992 | ||||||
Newcrest Mining Ltd. |
3,757 | 45,666 | ||||||
Northern Star Resources Ltd. |
4,966 | 26,827 | ||||||
Orica Ltd. |
1,756 | 18,623 | ||||||
QBE Insurance Group Ltd. |
6,252 | 51,733 | ||||||
Ramsay Health Care Ltd. |
784 | 38,542 | ||||||
REA Group Ltd. |
213 | 18,625 | ||||||
Santos Ltd. |
13,312 | 72,004 | ||||||
Scentre Group REIT |
22,273 | 44,892 | ||||||
SEEK Ltd. |
1,385 | 19,806 | ||||||
Sonic Healthcare Ltd. |
1,850 | 43,121 | ||||||
Stockland REIT |
10,026 | 24,881 | ||||||
Suncorp Group Ltd. |
5,419 | 40,493 | ||||||
Telstra Corp. Ltd. |
16,899 | 45,993 | ||||||
Transurban Group (a) |
12,804 | 122,538 | ||||||
Vicinity Centres REIT |
15,305 | 20,303 | ||||||
Woodside Energy Group Ltd. |
7,905 | 185,610 | ||||||
|
|
|||||||
(Cost $2,504,616) |
2,449,042 | |||||||
|
|
|||||||
Austria — 0.2% | ||||||||
OMV AG |
625 | 25,315 | ||||||
Verbund AG |
291 | 27,901 | ||||||
voestalpine AG |
455 | 9,205 | ||||||
|
|
|||||||
(Cost $75,813) |
62,421 | |||||||
|
|
|||||||
Belgium — 0.4% | ||||||||
D’ieteren Group |
107 | 16,214 | ||||||
KBC Group NV |
1,031 | 49,120 | ||||||
Solvay SA |
300 | 24,326 | ||||||
Umicore SA (b) |
898 | 28,670 | ||||||
|
|
|||||||
(Cost $166,554) |
118,330 | |||||||
|
|
Number |
Value |
|||||||
Chile — 0.1% | ||||||||
Antofagasta PLC (Cost $34,939) |
1,693 | $ | 21,689 | |||||
|
|
|||||||
Denmark — 4.5% | ||||||||
A.P. Moller — Maersk A/S, Class A |
14 | 32,860 | ||||||
A.P. Moller — Maersk A/S, Class B |
22 | 52,811 | ||||||
Chr Hansen Holding A/S |
435 | 25,419 | ||||||
Coloplast A/S, Class B |
506 | 58,028 | ||||||
Demant A/S* |
411 | 12,697 | ||||||
Genmab A/S* |
274 | 97,800 | ||||||
GN Store Nord AS |
544 | 15,468 | ||||||
Novo Nordisk A/S, Class B |
6,973 | 747,144 | ||||||
Novozymes A/S, Class B |
855 | 49,199 | ||||||
Orsted AS, 144A |
784 | 77,051 | ||||||
Pandora A/S |
406 | 24,542 | ||||||
Vestas Wind Systems A/S |
4,212 | 106,161 | ||||||
|
|
|||||||
(Cost $1,157,164) |
1,299,180 | |||||||
|
|
|||||||
Finland — 1.8% | ||||||||
Elisa OYJ |
595 | 31,866 | ||||||
Kesko OYJ, Class B |
1,179 | 24,873 | ||||||
Neste OYJ |
1,762 | 87,260 | ||||||
Nordea Bank Abp |
13,924 | 129,835 | ||||||
Orion OYJ, Class B |
409 | 18,577 | ||||||
Sampo OYJ, Class A |
2,090 | 94,782 | ||||||
Stora Enso OYJ, Class R |
2,358 | 35,270 | ||||||
UPM-Kymmene OYJ |
2,272 | 77,425 | ||||||
Wartsila OYJ Abp |
1,893 | 15,673 | ||||||
|
|
|||||||
(Cost $552,978) |
515,561 | |||||||
|
|
|||||||
France — 10.4% | ||||||||
Accor SA* |
740 | 17,762 | ||||||
Air Liquide SA |
2,190 | 275,710 | ||||||
Alstom SA |
1,373 | 28,386 | ||||||
AXA SA |
7,873 | 186,240 | ||||||
BioMerieux |
177 | 16,243 | ||||||
BNP Paribas SA |
4,653 | 217,495 | ||||||
Bouygues SA |
950 | 27,990 | ||||||
Bureau Veritas SA |
1,225 | 30,512 | ||||||
Carrefour SA |
2,633 | 44,056 | ||||||
Cie Generale des Etablissements Michelin SCA |
2,828 | 69,116 | ||||||
Covivio REIT |
202 | 11,334 | ||||||
Danone SA |
2,717 | 143,462 | ||||||
Eiffage SA |
357 | 31,540 | ||||||
EssilorLuxottica SA |
1,218 | 182,795 | ||||||
Gecina SA REIT |
185 | 16,547 | ||||||
Kering SA |
313 | 158,313 | ||||||
Klepierre SA REIT* |
857 | 17,666 | ||||||
L’Oreal SA |
1,015 | 350,332 | ||||||
Orange SA |
8,305 | 84,329 | ||||||
Publicis Groupe SA |
953 | 46,717 | ||||||
Schneider Electric SE |
2,261 | 270,052 | ||||||
SEB SA |
106 | 7,888 | ||||||
Societe Generale SA |
3,309 | 73,468 | ||||||
Teleperformance |
243 | 69,468 | ||||||
TotalEnergies SE |
10,504 | 535,403 | ||||||
Unibail-Rodamco-Westfield REIT* |
504 | 26,049 |
See Notes to Financial Statements. | 40 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
France (Continued) | ||||||||
Valeo |
883 | $ | 16,994 | |||||
Vivendi SE |
3,078 | 28,023 | ||||||
Worldline SA, 144A* |
1,021 | 43,931 | ||||||
|
|
|||||||
(Cost $3,484,346) |
3,027,821 | |||||||
|
|
|||||||
Germany — 5.4% | ||||||||
adidas AG |
718 | 107,056 | ||||||
Allianz SE |
1,709 | 289,702 | ||||||
Bayerische Motoren Werke AG |
1,377 | 101,730 | ||||||
Beiersdorf AG |
427 | 43,195 | ||||||
Brenntag SE |
645 | 42,430 | ||||||
Carl Zeiss Meditec AG |
172 | 21,481 | ||||||
Commerzbank AG* |
4,473 | 29,821 | ||||||
Delivery Hero SE, 144A* (b) |
664 | 27,709 | ||||||
Deutsche Boerse AG |
799 | 135,338 | ||||||
Evonik Industries AG |
901 | 16,847 | ||||||
GEA Group AG |
658 | 22,953 | ||||||
HeidelbergCement AG |
620 | 28,117 | ||||||
HelloFresh SE* |
676 | 16,219 | ||||||
Henkel AG & Co. KGaA |
446 | 27,940 | ||||||
LEG Immobilien SE |
319 | 24,160 | ||||||
Merck KGaA |
536 | 92,380 | ||||||
MTU Aero Engines AG |
229 | 40,516 | ||||||
Puma SE |
451 | 27,673 | ||||||
SAP SE |
4,377 | 373,846 | ||||||
Symrise AG |
547 | 57,396 | ||||||
Telefonica Deutschland Holding AG |
4,475 | 11,632 | ||||||
Zalando SE, 144A* |
951 | 22,100 | ||||||
|
|
|||||||
(Cost $2,088,032) |
1,560,241 | |||||||
|
|
|||||||
Hong Kong — 2.8% | ||||||||
AIA Group Ltd. |
50,702 | 490,622 | ||||||
BOC Hong Kong Holdings Ltd. |
15,829 | 54,653 | ||||||
Chow Tai Fook Jewellery Group Ltd. |
8,210 | 16,590 | ||||||
CK Infrastructure Holdings Ltd. |
2,432 | 14,811 | ||||||
Hang Seng Bank Ltd. |
3,208 | 50,273 | ||||||
HKT Trust & HKT Ltd. (a) |
16,794 | 22,552 | ||||||
Hong Kong & China Gas Co. Ltd. |
47,155 | 46,561 | ||||||
MTR Corp. Ltd. |
6,511 | 33,389 | ||||||
Sino Land Co. Ltd. |
14,020 | 20,542 | ||||||
Swire Pacific Ltd., Class A |
2,043 | 14,147 | ||||||
Swire Properties Ltd. |
4,791 | 11,073 | ||||||
WH Group Ltd., 144A |
35,724 | 24,396 | ||||||
|
|
|||||||
(Cost $881,641) |
799,609 | |||||||
|
|
|||||||
Ireland — 1.1% | ||||||||
CRH PLC |
3,211 | 118,805 | ||||||
DCC PLC |
402 | 23,215 | ||||||
James Hardie Industries PLC CDI |
1,878 | 43,143 | ||||||
Kerry Group PLC, Class A |
682 | 70,533 | ||||||
Kingspan Group PLC |
629 | 35,824 | ||||||
Smurfit Kappa Group PLC |
1,052 | 35,490 | ||||||
|
|
|||||||
(Cost $392,213) |
327,010 | |||||||
|
|
|||||||
Israel — 0.2% | ||||||||
Bank Leumi Le-Israel BM (Cost $51,511) |
6,224 | 66,161 | ||||||
|
|
Number |
Value |
|||||||
Italy — 1.2% | ||||||||
Amplifon SpA |
519 | $ | 13,595 | |||||
Enel SpA |
34,118 | 161,090 | ||||||
Intesa Sanpaolo SpA |
69,366 | 120,181 | ||||||
Nexi SpA, 144A* |
2,247 | 18,532 | ||||||
Prysmian SpA |
1,091 | 33,581 | ||||||
|
|
|||||||
(Cost $508,902) |
346,979 | |||||||
|
|
|||||||
Japan — 23.2% | ||||||||
Aeon Co. Ltd. |
2,800 | 54,990 | ||||||
Ajinomoto Co., Inc. |
2,000 | 55,704 | ||||||
ANA Holdings, Inc.* |
600 | 11,632 | ||||||
Asahi Kasei Corp. |
5,300 | 39,112 | ||||||
Astellas Pharma, Inc. |
7,700 | 110,230 | ||||||
Azbil Corp. |
500 | 14,391 | ||||||
Bridgestone Corp. |
2,400 | 92,676 | ||||||
Chugai Pharmaceutical Co. Ltd. |
2,798 | 72,844 | ||||||
Dai Nippon Printing Co. Ltd. |
965 | 20,445 | ||||||
Daifuku Co. Ltd. |
416 | 24,577 | ||||||
Dai-ichi Life Holdings, Inc. |
4,100 | 71,190 | ||||||
Daiichi Sankyo Co. Ltd. |
7,400 | 224,042 | ||||||
Daikin Industries Ltd. |
1,121 | 198,000 | ||||||
Daiwa House Industry Co. Ltd. |
2,500 | 56,555 | ||||||
Denso Corp. |
1,860 | 102,657 | ||||||
Eisai Co. Ltd. |
1,058 | 43,480 | ||||||
FANUC Corp. |
771 | 125,334 | ||||||
Fast Retailing Co. Ltd. |
239 | 141,288 | ||||||
FUJIFILM Holdings Corp. |
1,550 | 79,510 | ||||||
Fujitsu Ltd. |
800 | 95,596 | ||||||
Hankyu Hanshin Holdings, Inc. |
1,000 | 30,189 | ||||||
Hikari Tsushin, Inc. |
90 | 11,459 | ||||||
Hirose Electric Co. Ltd. |
121 | 17,326 | ||||||
Hitachi Construction Machinery Co. Ltd. |
400 | 8,307 | ||||||
Hitachi Metals Ltd.* |
1,000 | 15,098 | ||||||
Hoshizaki Corp. |
400 | 11,975 | ||||||
Hoya Corp. |
1,550 | 159,333 | ||||||
Hulic Co. Ltd. |
1,700 | 12,999 | ||||||
Ibiden Co. Ltd. |
500 | 16,159 | ||||||
Inpex Corp. |
4,400 | 50,911 | ||||||
Isuzu Motors Ltd. |
2,400 | 29,969 | ||||||
Ito En Ltd. |
200 | 8,858 | ||||||
ITOCHU Corp. |
5,000 | 138,611 | ||||||
Japan Real Estate Investment Corp. REIT |
5 | 23,264 | ||||||
JFE Holdings, Inc. (b) |
2,100 | 22,723 | ||||||
JSR Corp. |
700 | 15,805 | ||||||
Kajima Corp. |
1,800 | 19,075 | ||||||
Kao Corp. |
1,984 | 86,659 | ||||||
KDDI Corp. |
6,800 | 209,801 | ||||||
Keio Corp. |
439 | 16,847 | ||||||
Kikkoman Corp. |
600 | 37,050 | ||||||
Komatsu Ltd. |
3,900 | 82,431 | ||||||
Kubota Corp. |
4,400 | 69,051 | ||||||
Kurita Water Industries Ltd. |
400 | 15,755 | ||||||
Lixil Corp. |
1,300 | 22,873 | ||||||
Marubeni Corp. |
6,700 | 70,178 | ||||||
Mazda Motor Corp. |
2,400 | 21,312 | ||||||
McDonald’s Holdings Co. Japan Ltd. |
400 | 14,341 | ||||||
MEIJI Holdings Co. Ltd. |
400 | 19,131 |
See Notes to Financial Statements. | 41 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Japan (Continued) | ||||||||
Mitsubishi Chemical Group Corp. |
5,100 | $ | 26,967 | |||||
Mitsubishi Estate Co. Ltd. |
4,900 | 66,453 | ||||||
Mitsui & Co. Ltd. |
5,900 | 139,004 | ||||||
Mitsui Chemicals, Inc. |
800 | 18,150 | ||||||
MS&AD Insurance Group Holdings, Inc. (b) |
1,900 | 57,031 | ||||||
Murata Manufacturing Co. Ltd. |
2,400 | 130,782 | ||||||
Nintendo Co. Ltd. |
452 | 185,821 | ||||||
Nippon Building Fund, Inc. REIT |
6 | 30,038 | ||||||
NIPPON EXPRESS HOLDINGS, Inc. |
350 | 19,416 | ||||||
Nippon Paint Holdings Co. Ltd. |
3,650 | 28,594 | ||||||
Nippon Prologis REIT, Inc. REIT |
10 | 25,284 | ||||||
Nippon Steel Corp. |
3,200 | 50,981 | ||||||
Nippon Yusen KK (b) |
670 | 51,667 | ||||||
Nissin Foods Holdings Co. Ltd. |
250 | 17,962 | ||||||
Nitori Holdings Co. Ltd. |
394 | 38,057 | ||||||
Nitto Denko Corp. |
550 | 34,200 | ||||||
Nomura Holdings, Inc. |
12,400 | 45,065 | ||||||
Nomura Real Estate Holdings, Inc. |
500 | 12,353 | ||||||
Nomura Research Institute Ltd. |
1,400 | 38,276 | ||||||
NTT Data Corp. |
2,700 | 38,448 | ||||||
Obayashi Corp. |
2,500 | 17,421 | ||||||
Odakyu Electric Railway Co. Ltd. |
1,300 | 17,921 | ||||||
Omron Corp. |
813 | 43,340 | ||||||
Open House Group Co. Ltd. |
300 | 11,838 | ||||||
Oriental Land Co. Ltd. |
835 | 125,589 | ||||||
ORIX Corp. |
4,900 | 81,157 | ||||||
Osaka Gas Co. Ltd. |
1,600 | 27,054 | ||||||
Pan Pacific International Holdings Corp. |
1,500 | 27,106 | ||||||
Panasonic Holdings Corp. |
9,400 | 76,827 | ||||||
Rakuten Group, Inc. |
3,800 | 18,531 | ||||||
Recruit Holdings Co. Ltd. |
6,100 | 197,268 | ||||||
Rohm Co. Ltd. |
390 | 29,596 | ||||||
SCSK Corp. |
700 | 11,513 | ||||||
Sekisui Chemical Co. Ltd. |
1,600 | 21,999 | ||||||
Sekisui House Ltd. |
2,600 | 44,526 | ||||||
Seven & i Holdings Co. Ltd. (b) |
3,100 | 123,732 | ||||||
SG Holdings Co. Ltd. |
1,300 | 21,747 | ||||||
Sharp Corp. |
1,100 | 7,959 | ||||||
Shimadzu Corp. |
1,040 | 30,684 | ||||||
Shimizu Corp. |
2,400 | 13,262 | ||||||
Shin-Etsu Chemical Co. Ltd. |
1,635 | 192,426 | ||||||
Shionogi & Co. Ltd. |
1,200 | 58,898 | ||||||
SoftBank Corp. |
12,000 | 132,400 | ||||||
Sompo Holdings, Inc. |
1,340 | 57,737 | ||||||
Sony Group Corp. |
5,305 | 426,122 | ||||||
Sumitomo Chemical Co. Ltd. |
6,400 | 25,392 | ||||||
Sumitomo Electric Industries Ltd. |
2,800 | 32,368 | ||||||
Sumitomo Metal Mining Co. Ltd. |
1,053 | 33,461 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. |
1,500 | 46,918 | ||||||
Sumitomo Realty & Development Co. Ltd. |
1,300 | 32,072 | ||||||
Suntory Beverage & Food Ltd. |
500 | 18,395 | ||||||
Sysmex Corp. |
650 | 40,339 | ||||||
Taisei Corp. |
774 | 23,646 | ||||||
TDK Corp. |
1,625 | 57,615 | ||||||
Terumo Corp. |
2,650 | 86,138 | ||||||
Tobu Railway Co. Ltd. |
800 | 19,015 |
Number |
Value |
|||||||
Japan (Continued) | ||||||||
Tokyo Electron Ltd. |
611 | $ | 194,639 | |||||
Tokyo Gas Co. Ltd. |
1,700 | 32,032 | ||||||
Tokyu Corp. |
2,100 | 25,132 | ||||||
Toray Industries, Inc. |
6,000 | 34,578 | ||||||
Tosoh Corp. |
1,000 | 13,035 | ||||||
TOTO Ltd. |
500 | 17,439 | ||||||
Unicharm Corp. |
1,700 | 59,489 | ||||||
USS Co. Ltd. |
1,000 | 17,775 | ||||||
West Japan Railway Co. |
950 | 37,226 | ||||||
Yamaha Corp. |
519 | 20,442 | ||||||
Yamaha Motor Co. Ltd. |
1,300 | 27,186 | ||||||
Yaskawa Electric Corp. |
1,001 | 33,072 | ||||||
Yokogawa Electric Corp. |
1,000 | 17,638 | ||||||
Z Holdings Corp. |
11,400 | 34,128 | ||||||
ZOZO, Inc. |
500 | 11,217 | ||||||
|
|
|||||||
(Cost $7,249,098) |
6,753,332 | |||||||
|
|
|||||||
Luxembourg — 0.1% | ||||||||
Tenaris SA (Cost $24,760) |
2,019 | 27,915 | ||||||
|
|
|||||||
Netherlands — 5.9% | ||||||||
Akzo Nobel NV |
745 | 47,226 | ||||||
ASML Holding NV |
1,716 | 836,275 | ||||||
IMCD NV |
244 | 33,810 | ||||||
ING Groep NV |
16,383 | 144,411 | ||||||
JDE Peet’s NV |
435 | 13,437 | ||||||
Koninklijke Ahold Delhaize NV |
4,345 | 119,714 | ||||||
Koninklijke DSM NV |
729 | 93,353 | ||||||
Koninklijke KPN NV |
14,165 | 45,152 | ||||||
NN Group NV |
1,193 | 49,149 | ||||||
Prosus NV* (b) |
3,479 | 216,020 | ||||||
Randstad NV |
499 | 23,327 | ||||||
Wolters Kluwer NV |
1,109 | 108,661 | ||||||
|
|
|||||||
(Cost $1,831,199) |
1,730,535 | |||||||
|
|
|||||||
New Zealand — 0.5% | ||||||||
Auckland International Airport Ltd.* |
5,384 | 24,955 | ||||||
Fisher & Paykel Healthcare Corp. Ltd. |
2,431 | 29,302 | ||||||
Mercury NZ Ltd. |
2,937 | 10,444 | ||||||
Meridian Energy Ltd. |
5,310 | 16,294 | ||||||
Spark New Zealand Ltd. |
7,735 | 25,703 | ||||||
Xero Ltd.* |
577 | 34,711 | ||||||
|
|
|||||||
(Cost $177,314) |
141,409 | |||||||
|
|
|||||||
Norway — 1.5% | ||||||||
Aker BP ASA |
1,349 | 47,263 | ||||||
DNB Bank ASA |
3,859 | 73,881 | ||||||
Equinor ASA |
4,093 | 157,836 | ||||||
Gjensidige Forsikring ASA |
862 | 17,546 | ||||||
Mowi ASA |
1,771 | 36,458 | ||||||
Norsk Hydro ASA |
5,631 | 38,867 | ||||||
Orkla ASA |
3,103 | 26,083 | ||||||
Salmar ASA |
252 | 16,747 | ||||||
Telenor ASA |
2,936 | 32,247 | ||||||
|
|
|||||||
(Cost $434,960) |
446,928 | |||||||
|
|
See Notes to Financial Statements. | 42 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Portugal — 0.2% | ||||||||
Galp Energia SGPS SA |
2,121 | $ | 23,023 | |||||
Jeronimo Martins SGPS SA |
1,214 | 26,979 | ||||||
|
|
|||||||
(Cost $51,705) |
50,002 | |||||||
|
|
|||||||
Singapore — 0.9% | ||||||||
CapitaLand Integrated Commercial Trust REIT |
23,065 | 34,223 | ||||||
Capitaland Investment Ltd. |
11,300 | 29,888 | ||||||
City Developments Ltd. |
1,800 | 10,490 | ||||||
Grab Holdings Ltd., Class A* |
4,641 | 13,227 | ||||||
Keppel Corp. Ltd. |
6,300 | 32,830 | ||||||
Singapore Airlines Ltd.* |
5,750 | 21,927 | ||||||
Singapore Exchange Ltd. |
3,700 | 25,169 | ||||||
United Overseas Bank Ltd. |
5,000 | 97,950 | ||||||
UOL Group Ltd. |
2,000 | 9,920 | ||||||
|
|
|||||||
(Cost $273,339) |
275,624 | |||||||
|
|
|||||||
Spain — 2.1% | ||||||||
Banco Bilbao Vizcaya Argentaria SA |
27,956 | 126,261 | ||||||
Iberdrola SA |
25,212 | 263,280 | ||||||
Industria de Diseno Textil SA |
4,573 | 99,095 | ||||||
Naturgy Energy Group SA |
623 | 17,215 | ||||||
Red Electrica Corp. SA |
1,751 | 32,107 | ||||||
Repsol SA |
6,053 | 79,034 | ||||||
|
|
|||||||
(Cost $672,740) |
616,992 | |||||||
|
|
|||||||
Sweden — 3.1% | ||||||||
Alfa Laval AB |
1,256 | 33,723 | ||||||
Alleima AB* |
887 | 3,570 | ||||||
Assa Abloy AB, Class B |
4,163 | 84,840 | ||||||
Atlas Copco AB, Class A |
11,275 | 115,303 | ||||||
Atlas Copco AB, Class B |
6,399 | 58,687 | ||||||
Boliden AB |
1,165 | 37,640 | ||||||
Electrolux AB, Class B |
975 | 12,401 | ||||||
Epiroc AB, Class A |
2,675 | 41,169 | ||||||
Epiroc AB, Class B |
1,680 | 22,988 | ||||||
EQT AB |
1,265 | 28,588 | ||||||
Essity AB, Class B |
2,505 | 55,856 | ||||||
H & M Hennes & Mauritz AB, Class B (b) |
2,970 | 31,020 | ||||||
Holmen AB, Class B |
402 | 17,338 | ||||||
Husqvarna AB, Class B |
1,790 | 12,121 | ||||||
Nibe Industrier AB, Class B |
6,489 | 61,178 | ||||||
Sandvik AB |
4,435 | 69,633 | ||||||
SKF AB, Class B |
1,604 | 24,219 | ||||||
Svenska Cellulosa AB SCA, Class B |
2,447 | 36,901 | ||||||
Tele2 AB, Class B |
2,432 | 25,982 | ||||||
Telefonaktiebolaget LM Ericsson, Class B |
12,431 | 93,502 | ||||||
Telia Co. AB |
11,122 | 39,307 | ||||||
|
|
|||||||
(Cost $1,122,876) |
905,966 | |||||||
|
|
|||||||
Switzerland — 8.6% | ||||||||
ABB Ltd. |
7,024 | 194,106 | ||||||
Adecco Group AG |
660 | 20,998 | ||||||
Chocoladefabriken Lindt & Spruengli AG Participation Certificates |
10 | 105,948 | ||||||
Cie Financiere Richemont SA, Class A |
2,234 | 251,452 | ||||||
Clariant AG* |
930 | 17,257 | ||||||
Coca-Cola HBC AG* |
882 | 20,218 |
Number |
Value |
|||||||
Switzerland (Continued) | ||||||||
Geberit AG |
154 | $ | 71,465 | |||||
Givaudan SA |
40 | 128,244 | ||||||
Kuehne + Nagel International AG |
233 | 53,956 | ||||||
Lonza Group AG |
319 | 171,079 | ||||||
Roche Holding AG |
2,962 | 957,236 | ||||||
SGS SA |
27 | 59,647 | ||||||
Sika AG |
622 | 140,467 | ||||||
Sonova Holding AG |
230 | 60,967 | ||||||
Straumann Holding AG |
477 | 52,639 | ||||||
Swiss Life Holding AG |
136 | 71,404 | ||||||
Swiss Re AG |
1,289 | 100,616 | ||||||
Temenos AG |
273 | 22,429 | ||||||
|
|
|||||||
(Cost $2,656,545) |
2,500,128 | |||||||
|
|
|||||||
United Kingdom — 16.1% | ||||||||
abrdn PLC |
9,181 | 15,688 | ||||||
Ashtead Group PLC |
1,883 | 93,120 | ||||||
Associated British Foods PLC |
1,455 | 25,819 | ||||||
AstraZeneca PLC |
6,532 | 809,012 | ||||||
Barratt Developments PLC |
4,105 | 20,410 | ||||||
Berkeley Group Holdings PLC |
486 | 20,669 | ||||||
British Land Co. PLC REIT |
3,785 | 18,973 | ||||||
BT Group PLC |
28,732 | 50,383 | ||||||
Bunzl PLC |
1,447 | 48,172 | ||||||
Burberry Group PLC |
1,693 | 34,435 | ||||||
CNH Industrial NV |
4,192 | 51,342 | ||||||
Coca-Cola Europacific Partners PLC |
882 | 43,368 | ||||||
Compass Group PLC |
7,576 | 163,879 | ||||||
Croda International PLC |
570 | 44,610 | ||||||
Ferguson PLC |
911 | 105,856 | ||||||
GSK PLC |
17,069 | 273,970 | ||||||
HSBC Holdings PLC |
85,014 | 523,101 | ||||||
Informa PLC |
6,326 | 40,250 | ||||||
InterContinental Hotels Group PLC |
784 | 42,794 | ||||||
Intertek Group PLC |
687 | 31,648 | ||||||
J Sainsbury PLC |
7,320 | 17,325 | ||||||
Johnson Matthey PLC |
811 | 19,015 | ||||||
Kingfisher PLC |
8,809 | 23,791 | ||||||
Land Securities Group PLC REIT |
2,968 | 22,469 | ||||||
Legal & General Group PLC |
24,746 | 72,706 | ||||||
Lloyds Banking Group PLC |
296,688 | 151,485 | ||||||
Mondi PLC |
2,030 | 34,629 | ||||||
National Grid PLC |
15,274 | 191,591 | ||||||
Next PLC |
537 | 36,316 | ||||||
Ocado Group PLC* |
2,422 | 20,460 | ||||||
Pearson PLC |
2,918 | 29,295 | ||||||
Persimmon PLC |
1,362 | 23,392 | ||||||
Prudential PLC |
11,485 | 120,757 | ||||||
Reckitt Benckiser Group PLC |
3,011 | 232,919 | ||||||
RELX PLC |
8,058 | 212,092 | ||||||
Rentokil Initial PLC |
7,869 | 47,705 | ||||||
Schroders PLC |
525 | 16,421 | ||||||
Segro PLC REIT |
5,134 | 56,334 | ||||||
Spirax-Sarco Engineering PLC |
312 | 38,247 | ||||||
St James’s Place PLC |
2,221 | 28,609 | ||||||
Taylor Wimpey PLC |
15,575 | 19,627 | ||||||
Tesco PLC |
31,619 | 91,501 |
See Notes to Financial Statements. | 43 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
United Kingdom (Continued) | ||||||||
Unilever PLC |
10,776 | $ | 492,217 | |||||
Vodafone Group PLC |
113,134 | 152,284 | ||||||
Whitbread PLC |
816 | 23,775 | ||||||
WPP PLC |
4,653 | 40,304 | ||||||
|
|
|||||||
(Cost $5,349,887) |
4,672,765 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
28,715,640 | |||||||
|
|
|||||||
PREFERRED STOCKS — 0.2% | ||||||||
Germany — 0.2% | ||||||||
Bayerische Motoren Werke AG |
249 | 17,339 | ||||||
Henkel AG & Co. KGaA |
749 | 48,383 | ||||||
|
|
|||||||
(Cost $89,826) |
65,722 | |||||||
|
|
|||||||
WARRANTS — 0.0% | ||||||||
Switzerland — 0.0% | ||||||||
Cie
Financiere Richemont SA*, |
1,880 | 1,214 | ||||||
|
|
Number |
Value |
|||||||
EXCHANGE-TRADED FUNDS — 0.2% | ||||||||
iShares
Trust iShares ESG Aware MSCI EAFE ETF (b) |
850 | $ | 52,742 | |||||
|
|
|||||||
SECURITIES LENDING COLLATERAL — 0.4% | ||||||||
DWS
Government & Agency Securities Portfolio “DWS Government Cash
Institutional Shares”, 2.00% (c)(d) |
112,126 | 112,126 | ||||||
|
|
|||||||
CASH EQUIVALENTS — 0.1% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (c) |
29,931 | 29,931 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 99.6% (Cost $32,030,096) |
$ | 28,977,375 | ||||||
Other assets and liabilities, net — 0.4% |
128,817 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 29,106,192 | ||||||
|
|
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at 8/31/2021 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.4% |
|
|||||||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (c)(d) |
| |||||||||||||||||||||||||||||||||||
61,137 | 50,989 | (e) | — | — | — | 1,603 | — | 112,126 | 112,126 | |||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.1% |
| |||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (c) |
| |||||||||||||||||||||||||||||||||||
2,532 | 1,930,135 | (1,902,736 | ) | — | — | 211 | — | 29,931 | 29,931 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
63,669 | 1,981,124 | (1,902,736 | ) | — | — | 1,814 | — | 142,057 | 142,057 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
Stapled Security — A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
(b) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $534,846, which is 1.8% of net assets. |
(c) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(d) |
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $460,188. |
(e) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
CDI: | Chess Depositary Interest |
REIT: | Real Estate Investment Trust |
144A: | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
Securities are listed in country of domicile.
See Notes to Financial Statements. | 44 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI EAFE ESG Leaders Equity ETF (Continued)
August 31, 2022
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Appreciation (Depreciation) |
||||||||||||
EURO STOXX 50 Futures |
EUR | 5 | $ | 180,665 | $ | 176,977 | 9/16/2022 | $ | (3,688 | ) | ||||||||
MINI TOPIX Index Futures |
JPY | 5 | 69,666 | 70,766 | 9/08/2022 | 1,100 | ||||||||||||
|
|
|||||||||||||||||
Total net unrealized depreciation |
$ | (2,588 | ) | |||||||||||||||
|
|
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
EUR | Euro |
JPY | Japanese Yen |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 28,715,640 | $ | — | $ | — | $ | 28,715,640 | ||||||||
Preferred Stocks |
65,722 | — | — | 65,722 | ||||||||||||
Warrants |
1,214 | — | — | 1,214 | ||||||||||||
Exchange-Traded Funds |
52,742 | — | — | 52,742 | ||||||||||||
Short-Term Investments (a) |
142,057 | — | — | 142,057 | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
1,100 | — | — | 1,100 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 28,978,475 | $ | — | $ | — | $ | 28,978,475 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (3,688 | ) | $ | — | $ | — | $ | (3,688 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | (3,688 | ) | $ | — | $ | — | $ | (3,688 | ) | ||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
See Notes to Financial Statements. | 45 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 95.9% | ||||||||
Brazil — 2.7% | ||||||||
Americanas SA |
4,518 | $ | 14,249 | |||||
Atacadao SA |
2,632 | 10,033 | ||||||
Banco Bradesco SA |
10,069 | 30,784 | ||||||
Banco Santander Brasil SA |
2,249 | 12,749 | ||||||
CCR SA |
8,443 | 22,472 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo |
2,209 | 20,956 | ||||||
Cosan SA |
8,300 | 32,008 | ||||||
Energisa SA |
877 | 7,159 | ||||||
Equatorial Energia SA |
7,020 | 32,763 | ||||||
Hapvida Participacoes e Investimentos SA, 144A |
29,558 | 41,533 | ||||||
Hypera SA |
2,668 | 22,179 | ||||||
Klabin SA |
4,950 | 17,990 | ||||||
Localiza Rent a Car SA |
4,999 | 58,683 | ||||||
Lojas Renner SA |
6,882 | 35,161 | ||||||
Natura & Co. Holding SA |
6,235 | 17,354 | ||||||
Petro Rio SA* |
4,841 | 25,518 | ||||||
Raia Drogasil SA |
7,258 | 30,483 | ||||||
Rede D’Or Sao Luiz SA, 144A |
2,789 | 17,942 | ||||||
Rumo SA |
8,918 | 34,787 | ||||||
Telefonica Brasil SA |
3,601 | 28,594 | ||||||
TIM SA |
5,681 | 12,972 | ||||||
TOTVS SA |
3,549 | 19,557 | ||||||
Ultrapar Participacoes SA |
5,137 | 13,415 | ||||||
WEG SA |
11,502 | 62,805 | ||||||
|
|
|||||||
(Cost $682,198) |
622,146 | |||||||
|
|
|||||||
Chile — 0.3% | ||||||||
Cencosud SA |
10,134 | 14,226 | ||||||
Empresas CMPC SA |
7,215 | 13,741 | ||||||
Empresas Copec SA |
2,620 | 22,692 | ||||||
Enel Americas SA |
159,735 | 17,377 | ||||||
Falabella SA |
5,178 | 12,252 | ||||||
|
|
|||||||
(Cost $94,138) |
80,288 | |||||||
|
|
|||||||
China — 29.6% | ||||||||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A |
700 | 2,068 | ||||||
3SBio, Inc., 144A |
7,850 | 5,231 | ||||||
AAC Technologies Holdings, Inc. |
4,413 | 8,220 | ||||||
Air China Ltd., Class A* |
2,300 | 3,440 | ||||||
Air China Ltd., Class H* |
12,626 | 10,151 | ||||||
Airtac International Group* |
1,000 | 27,072 | ||||||
Alibaba Group Holding Ltd.* |
102,561 | 1,232,219 | ||||||
A-Living Smart City Services Co. Ltd., 144A |
2,520 | 2,607 | ||||||
Angel Yeast Co. Ltd., Class A |
200 | 1,409 | ||||||
Anjoy Foods Group Co. Ltd., Class A |
100 | 2,250 | ||||||
Baidu, Inc., Class A* |
14,880 | 268,258 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A |
9,400 | 7,268 | ||||||
BBMG Corp., Class A |
2,500 | 950 | ||||||
Beijing Capital International Airport Co. Ltd., Class H* |
11,410 | 7,181 | ||||||
Beijing Easpring Material Technology Co. Ltd., Class A |
200 | 2,281 |
Number |
Value |
|||||||
China (Continued) | ||||||||
BYD Co. Ltd., Class A |
657 | $ | 27,446 | |||||
BYD Co. Ltd., Class H |
5,567 | 171,787 | ||||||
By-health Co. Ltd., Class A |
300 | 812 | ||||||
CanSino Biologics, Inc., Class A |
26 | 474 | ||||||
CanSino Biologics, Inc., Class H, 144A |
334 | 2,096 | ||||||
CECEP Solar Energy Co. Ltd., Class A* |
3,400 | 3,985 | ||||||
Chengxin Lithium Group Co. Ltd., Class A |
300 | 2,314 | ||||||
China Baoan Group Co. Ltd., Class A |
2,000 | 4,282 | ||||||
China Communications Services Corp. Ltd., Class H |
14,512 | 6,231 | ||||||
China Conch Venture Holdings Ltd. |
11,502 | 23,535 | ||||||
China Construction Bank Corp., Class H |
646,551 | 401,167 | ||||||
China Eastern Airlines Corp. Ltd., Class A* |
4,800 | 3,419 | ||||||
China Feihe Ltd., 144A* |
24,846 | 20,608 | ||||||
China Jushi Co. Ltd., Class A |
1,028 | 2,149 | ||||||
China Lesso Group Holdings Ltd. |
8,459 | 10,088 | ||||||
China Medical System Holdings Ltd. |
9,010 | 13,362 | ||||||
China Merchants Bank Co. Ltd., Class A |
8,200 | 41,693 | ||||||
China Merchants Bank Co. Ltd., Class H |
26,250 | 134,781 | ||||||
China Resources Mixc Lifestyle Services Ltd., 144A |
4,724 | 21,487 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A |
400 | 2,291 | ||||||
China Southern Airlines Co. Ltd., Class A* |
3,674 | 3,432 | ||||||
China Southern Airlines Co. Ltd., Class H* |
11,673 | 6,321 | ||||||
China Suntien Green Energy Corp. Ltd., Class H |
10,166 | 4,572 | ||||||
China Three Gorges Renewables Group Co. Ltd., Class A |
11,638 | 10,298 | ||||||
China Vanke Co. Ltd., Class A |
3,479 | 8,393 | ||||||
China Vanke Co. Ltd., Class H |
11,501 | 22,507 | ||||||
CIFI Holdings Group Co. Ltd. (a) |
24,957 | 6,359 | ||||||
CITIC Ltd. |
40,325 | 41,667 | ||||||
CMOC Group Ltd., Class A |
7,024 | 5,013 | ||||||
CMOC Group Ltd., Class H |
23,186 | 10,398 | ||||||
Contemporary Amperex Technology Co. Ltd., Class A* |
953 | 66,772 | ||||||
Country Garden Services Holdings Co. Ltd. |
14,362 | 28,472 | ||||||
CSPC Pharmaceutical Group Ltd. |
58,811 | 59,869 | ||||||
Dali Foods Group Co. Ltd., 144A |
14,303 | 6,542 | ||||||
ENN Energy Holdings Ltd. |
5,474 | 79,786 | ||||||
ENN Natural Gas Co. Ltd., Class A |
800 | 2,384 | ||||||
Eve Energy Co. Ltd., Class A |
694 | 9,563 | ||||||
Fosun International Ltd. |
17,779 | 13,115 | ||||||
Ganfeng Lithium Co. Ltd., Class A |
630 | 7,832 | ||||||
Ganfeng Lithium Co. Ltd., Class H, 144A |
2,530 | 22,354 | ||||||
GEM Co. Ltd., Class A |
1,200 | 1,454 | ||||||
Genscript Biotech Corp.* |
8,042 | 26,076 | ||||||
Gotion High-tech Co. Ltd., Class A |
500 | 2,492 | ||||||
Greentown Service Group Co. Ltd. |
8,956 | 6,504 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A |
300 | 1,184 | ||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A |
200 | 1,934 |
See Notes to Financial Statements. | 46 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
China (Continued) | ||||||||
Hansoh Pharmaceutical Group Co. Ltd., 144A |
8,369 | $ | 16,740 | |||||
Henan Shuanghui Investment & Development Co. Ltd., Class A |
1,500 | 5,834 | ||||||
Huadong Medicine Co. Ltd., Class A |
600 | 3,670 | ||||||
Huatai Securities Co. Ltd., Class A |
4,200 | 8,006 | ||||||
Huatai Securities Co. Ltd., Class H, 144A |
7,940 | 10,642 | ||||||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A |
2,404 | 12,464 | ||||||
Jafron Biomedical Co. Ltd., Class A |
200 | 1,362 | ||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A |
1,600 | 4,470 | ||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A |
1,100 | 3,552 | ||||||
Jinke Properties Group Co. Ltd., Class A* |
1,400 | 508 | ||||||
Jinxin Fertility Group Ltd., 144A |
8,531 | 5,576 | ||||||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A |
800 | 3,992 | ||||||
Kingdee International Software Group Co. Ltd.* |
18,044 | 35,220 | ||||||
Kingfa Sci & Tech Co. Ltd., Class A |
2,600 | 4,055 | ||||||
Lenovo Group Ltd. |
49,138 | 40,693 | ||||||
Li Auto, Inc., ADR* |
3,727 | 107,226 | ||||||
Logan Group Co. Ltd. (a) |
7,124 | 781 | ||||||
Longfor Group Holdings Ltd., 144A |
12,662 | 41,299 | ||||||
Meituan, Class B, 144A* |
29,530 | 714,091 | ||||||
Microport Scientific Corp.* |
4,479 | 8,971 | ||||||
Ming Yang Smart Energy Group Ltd., Class A |
600 | 2,335 | ||||||
NetEase, Inc. |
13,965 | 252,296 | ||||||
Orient Securities Co. Ltd., Class A |
3,500 | 4,397 | ||||||
Ovctek China, Inc., Class A |
340 | 2,106 | ||||||
Pharmaron Beijing Co. Ltd., Class A |
300 | 2,961 | ||||||
Pharmaron Beijing Co. Ltd., Class H, 144A |
1,282 | 8,518 | ||||||
Ping An Healthcare and Technology Co. Ltd., 144A* |
3,757 | 10,243 | ||||||
Pop Mart International Group Ltd., 144A |
3,903 | 10,169 | ||||||
Postal Savings Bank of China Co. Ltd., Class A |
15,300 | 10,010 | ||||||
Postal Savings Bank of China Co. Ltd., Class H, 144A (a) |
49,813 | 29,829 | ||||||
SF Holding Co. Ltd., Class A |
2,000 | 14,341 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H |
18,251 | 24,881 | ||||||
Shanghai Construction Group Co. Ltd., Class A |
3,400 | 1,337 | ||||||
Shanghai Electric Group Co. Ltd., Class A* |
4,200 | 2,583 | ||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A |
524 | 3,068 | ||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H |
3,455 | 11,159 | ||||||
Shanghai M&G Stationery, Inc., Class A |
200 | 1,288 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class A |
2,100 | 5,264 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H |
4,605 | 6,712 |
Number |
Value |
|||||||
China (Continued) | ||||||||
Shanghai Putailai New Energy Technology Co. Ltd., Class A |
400 | $ | 3,678 | |||||
Shenzhen Inovance Technology Co. Ltd., Class A |
944 | 8,212 | ||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A |
500 | 21,651 | ||||||
Sinopharm Group Co. Ltd., Class H |
9,431 | 21,004 | ||||||
Sinotrans Ltd., Class A |
1,400 | 766 | ||||||
Sinotruk Hong Kong Ltd. |
4,169 | 4,180 | ||||||
Skshu Paint Co. Ltd., Class A* |
140 | 1,893 | ||||||
Sungrow Power Supply Co. Ltd., Class A |
538 | 8,694 | ||||||
Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A |
200 | 2,263 | ||||||
Tencent Holdings Ltd. |
42,205 | 1,759,427 | ||||||
Tongcheng Travel Holdings Ltd.* |
8,075 | 16,646 | ||||||
Topchoice Medical Corp., Class A* |
100 | 1,688 | ||||||
Uni-President China Holdings Ltd. |
9,012 | 7,773 | ||||||
Unisplendour Corp. Ltd., Class A |
1,040 | 2,610 | ||||||
Vipshop Holdings Ltd., ADR* |
3,102 | 36,014 | ||||||
Want Want China Holdings Ltd. |
33,007 | 23,298 | ||||||
WuXi AppTec Co. Ltd., Class A |
994 | 12,927 | ||||||
WuXi AppTec Co. Ltd., Class H, 144A |
2,500 | 28,460 | ||||||
Wuxi Biologics Cayman, Inc., 144A* |
24,325 | 216,013 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., Class A |
1,700 | 3,164 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., Class H |
4,510 | 6,746 | ||||||
Xinyi Solar Holdings Ltd. |
33,919 | 46,845 | ||||||
XPeng, Inc., ADR* |
2,768 | 51,263 | ||||||
Yadea Group Holdings Ltd., 144A |
7,646 | 14,632 | ||||||
Yihai International Holding Ltd.* |
2,841 | 7,174 | ||||||
Yum China Holdings, Inc. |
2,873 | 143,966 | ||||||
Yunnan Baiyao Group Co. Ltd., Class A |
490 | 3,722 | ||||||
Yunnan Energy New Material Co. Ltd., Class A |
300 | 8,399 | ||||||
Zhejiang Chint Electrics Co. Ltd., Class A |
612 | 2,808 | ||||||
Zhejiang Expressway Co. Ltd., Class H |
4,092 | 3,118 | ||||||
Zhejiang Huayou Cobalt Co. Ltd., Class A |
669 | 7,253 | ||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A |
300 | 1,786 | ||||||
Zhejiang Weixing New Building Materials Co. Ltd., Class A |
300 | 908 | ||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A |
3,800 | 3,181 | ||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H |
8,722 | 3,945 | ||||||
|
|
|||||||
(Cost $9,039,524) |
6,848,661 | |||||||
|
|
|||||||
Colombia — 0.1% | ||||||||
Bancolombia SA |
1,715 | 13,260 | ||||||
Interconexion Electrica SA ESP |
3,235 | 14,020 | ||||||
|
|
|||||||
(Cost $37,461) |
27,280 | |||||||
|
|
|||||||
Cyprus — 0.0% | ||||||||
Polymetal International PLC (b) (Cost $40,174) |
2,070 | 0 | ||||||
|
|
See Notes to Financial Statements. | 47 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Czech Republic — 0.1% | ||||||||
Komercni Banka AS |
530 | $ | 12,493 | |||||
Moneta Money Bank AS, 144A |
2,669 | 8,465 | ||||||
|
|
|||||||
(Cost $27,033) |
20,958 | |||||||
|
|
|||||||
Egypt — 0.1% | ||||||||
Commercial International Bank Egypt SAE |
||||||||
(Cost $26,671) |
11,257 | 22,356 | ||||||
|
|
|||||||
Greece — 0.2% | ||||||||
Alpha Services and Holdings SA* |
13,105 | 12,179 | ||||||
Eurobank Ergasias Services and Holdings SA* |
18,123 | 16,948 | ||||||
Mytilineos SA |
669 | 10,508 | ||||||
Public Power Corp. SA* |
1,442 | 7,547 | ||||||
|
|
|||||||
(Cost $52,859) |
47,182 | |||||||
|
|
|||||||
Hong Kong — 1.7% | ||||||||
Alibaba Health Information Technology Ltd.* |
26,938 | 15,616 | ||||||
Beijing Enterprises Water Group Ltd. |
26,028 | 6,699 | ||||||
China Everbright Environment Group Ltd. |
27,807 | 13,781 | ||||||
China Gas Holdings Ltd. |
21,160 | 30,033 | ||||||
China Mengniu Dairy Co. Ltd.* |
21,047 | 95,597 | ||||||
China Overseas Land & Investment Ltd. |
25,305 | 68,350 | ||||||
China Resources Cement Holdings Ltd. |
15,951 | 9,856 | ||||||
China Resources Gas Group Ltd. |
6,368 | 24,867 | ||||||
China Ruyi Holdings Ltd.* |
27,897 | 7,109 | ||||||
Far East Horizon Ltd. |
9,292 | 7,044 | ||||||
Hopson Development Holdings Ltd. |
4,456 | 6,131 | ||||||
Kunlun Energy Co. Ltd. |
26,668 | 23,274 | ||||||
Shenzhen International Holdings Ltd. |
8,077 | 6,977 | ||||||
Shimao Group Holdings Ltd. (a)(b) |
7,398 | 0 | ||||||
Sino Biopharmaceutical Ltd. |
72,524 | 38,254 | ||||||
Vinda International Holdings Ltd. |
1,423 | 3,980 | ||||||
Wharf Holdings Ltd. |
8,522 | 32,139 | ||||||
|
|
|||||||
(Cost $537,655) |
389,707 | |||||||
|
|
|||||||
Hungary — 0.2% | ||||||||
MOL Hungarian Oil & Gas PLC |
2,896 | 19,917 | ||||||
OTP Bank Nyrt |
1,514 | 32,154 | ||||||
|
|
|||||||
(Cost $87,062) |
52,071 | |||||||
|
|
|||||||
India — 12.6% | ||||||||
Adani Green Energy Ltd.* |
1,902 | 58,316 | ||||||
Adani Total Gas Ltd. |
1,705 | 80,359 | ||||||
Asian Paints Ltd. |
2,286 | 97,576 | ||||||
Axis Bank Ltd. |
13,816 | 130,669 | ||||||
Berger Paints India Ltd. |
1,452 | 12,311 | ||||||
Britannia Industries Ltd. |
659 | 31,083 | ||||||
Colgate-Palmolive India Ltd. |
743 | 15,662 | ||||||
Dabur India Ltd. |
3,761 | 27,624 | ||||||
Eicher Motors Ltd. |
847 | 35,803 | ||||||
GAIL India Ltd. |
7,891 | 13,516 | ||||||
Grasim Industries Ltd. |
1,651 | 34,879 | ||||||
Havells India Ltd. |
1,634 | 28,615 | ||||||
HCL Technologies Ltd. |
6,386 | 75,463 | ||||||
Hero MotoCorp Ltd. |
668 | 23,856 | ||||||
Hindalco Industries Ltd. |
8,026 | 44,343 |
Number |
Value |
|||||||
India (Continued) | ||||||||
Hindustan Unilever Ltd. |
5,000 | $ | 167,374 | |||||
Housing Development Finance Corp. Ltd. |
10,472 | 322,418 | ||||||
ICICI Prudential Life Insurance Co. Ltd., 144A |
1,856 | 13,889 | ||||||
Indraprastha Gas Ltd. |
1,856 | 9,789 | ||||||
Info Edge India Ltd. |
431 | 23,565 | ||||||
Infosys Ltd. |
9,953 | 187,008 | ||||||
Infosys Ltd., ADR |
11,851 | 216,873 | ||||||
Kotak Mahindra Bank Ltd. |
3,468 | 83,601 | ||||||
Lupin Ltd. |
934 | 7,865 | ||||||
Mahindra & Mahindra Ltd. |
5,179 | 85,300 | ||||||
Marico Ltd. |
3,203 | 21,187 | ||||||
Nestle India Ltd. |
213 | 53,414 | ||||||
PI Industries Ltd. |
428 | 18,509 | ||||||
Piramal Pharma Ltd.* (b) |
2,760 | 7,611 | ||||||
Reliance Industries Ltd. |
18,341 | 608,907 | ||||||
Shree Cement Ltd. |
70 | 19,446 | ||||||
Shriram Transport Finance Co. Ltd. |
1,067 | 18,191 | ||||||
Siemens Ltd. |
422 | 15,315 | ||||||
State Bank of India |
10,518 | 70,322 | ||||||
Tata Consultancy Services Ltd. |
5,517 | 222,959 | ||||||
UPL Ltd. |
3,018 | 29,218 | ||||||
Zomato Ltd.* |
14,261 | 10,401 | ||||||
|
|
|||||||
(Cost $2,513,181) |
2,923,237 | |||||||
|
|
|||||||
Indonesia — 1.9% | ||||||||
Aneka Tambang Tbk |
57,998 | 7,776 | ||||||
PT Bank Central Asia Tbk |
371,990 | 205,512 | ||||||
PT Bank Negara Indonesia Persero Tbk |
49,925 | 28,675 | ||||||
PT Barito Pacific Tbk |
182,178 | 10,065 | ||||||
PT Indah Kiat Pulp & Paper Tbk |
18,998 | 10,656 | ||||||
PT Kalbe Farma Tbk |
153,108 | 17,330 | ||||||
PT Merdeka Copper Gold Tbk* |
84,325 | 24,316 | ||||||
PT Telkom Indonesia Persero Tbk |
329,926 | 101,362 | ||||||
PT Tower Bersama Infrastructure Tbk |
33,080 | 6,285 | ||||||
PT Unilever Indonesia Tbk |
54,803 | 16,948 | ||||||
|
|
|||||||
(Cost $398,127) |
428,925 | |||||||
|
|
|||||||
Kuwait — 0.4% | ||||||||
Kuwait Finance House KSCP (Cost $86,084) |
35,085 | 102,538 | ||||||
|
|
|||||||
Malaysia — 1.9% | ||||||||
AMMB Holdings Bhd |
11,700 | 10,927 | ||||||
Axiata Group Bhd |
16,983 | 11,536 | ||||||
CIMB Group Holdings Bhd |
41,950 | 50,334 | ||||||
DiGi.Com Bhd |
20,100 | 16,842 | ||||||
HAP Seng Consolidated Bhd |
4,500 | 6,988 | ||||||
Hartalega Holdings Bhd |
11,800 | 4,377 | ||||||
IHH Healthcare Bhd |
10,500 | 14,546 | ||||||
Kuala Lumpur Kepong Bhd |
2,700 | 13,960 | ||||||
Malayan Banking Bhd |
29,775 | 59,676 | ||||||
Malaysia Airports Holdings Bhd* |
1,900 | 2,492 | ||||||
Maxis Bhd |
13,800 | 11,871 | ||||||
MISC Bhd |
8,200 | 13,009 | ||||||
Nestle Malaysia Bhd |
500 | 14,859 | ||||||
Petronas Dagangan Bhd |
1,700 | 8,926 | ||||||
Petronas Gas Bhd |
4,100 | 15,885 |
See Notes to Financial Statements. | 48 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Malaysia (Continued) | ||||||||
PPB Group Bhd |
3,900 | $ | 15,337 | |||||
Press Metal Aluminium Holdings Bhd |
20,600 | 22,002 | ||||||
Public Bank Bhd |
88,475 | 93,111 | ||||||
QL Resources Bhd |
6,400 | 7,293 | ||||||
RHB Bank Bhd |
8,843 | 11,341 | ||||||
Sime Darby Bhd |
16,200 | 8,289 | ||||||
Telekom Malaysia Bhd |
6,900 | 9,204 | ||||||
Top Glove Corp. Bhd |
32,400 | 5,828 | ||||||
|
|
|||||||
(Cost $447,287) |
428,633 | |||||||
|
|
|||||||
Mexico — 1.6% | ||||||||
Arca Continental SAB de CV |
3,070 | 20,935 | ||||||
Cemex SAB de CV, Series CPO* |
103,105 | 38,295 | ||||||
Coca-Cola Femsa SAB de CV |
3,768 | 23,078 | ||||||
Fomento Economico Mexicano SAB de CV |
12,617 | 79,214 | ||||||
Gruma SAB de CV, Class B |
1,626 | 17,748 | ||||||
Grupo Aeroportuario del Sureste SAB de CV, Class B |
1,170 | 24,824 | ||||||
Grupo Bimbo SAB de CV, Series A |
8,611 | 28,352 | ||||||
Grupo Financiero Banorte SAB de CV, Class O |
17,174 | 101,599 | ||||||
Grupo Televisa SAB, Series CPO |
16,229 | 20,488 | ||||||
Industrias Penoles SAB de CV |
960 | 7,904 | ||||||
Kimberly-Clark de Mexico SAB de CV, Class A |
11,002 | 14,929 | ||||||
|
|
|||||||
(Cost $435,235) |
377,366 | |||||||
|
|
|||||||
Peru — 0.3% | ||||||||
Credicorp Ltd. (Cost $66,159) |
487 | 62,769 | ||||||
|
|
|||||||
Philippines — 0.6% | ||||||||
Globe Telecom, Inc. |
165 | 6,164 | ||||||
GT Capital Holdings, Inc. |
490 | 4,206 | ||||||
JG Summit Holdings, Inc. |
21,320 | 19,439 | ||||||
Monde Nissin Corp., 144A* |
41,800 | 12,282 | ||||||
SM Investments Corp. |
1,472 | 21,783 | ||||||
SM Prime Holdings, Inc. |
76,900 | 51,833 | ||||||
Universal Robina Corp. |
6,700 | 14,556 | ||||||
|
|
|||||||
(Cost $144,021) |
130,263 | |||||||
|
|
|||||||
Poland — 0.7% | ||||||||
Bank Polska Kasa Opieki SA |
1,260 | 17,507 | ||||||
CD Projekt SA |
489 | 8,766 | ||||||
KGHM Polska Miedz SA |
962 | 18,143 | ||||||
Polski Koncern Naftowy ORLEN SA |
2,749 | 35,724 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA* |
11,785 | 14,039 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA |
6,043 | 30,289 | ||||||
Powszechny Zaklad Ubezpieczen SA |
4,074 | 24,449 | ||||||
Santander Bank Polska SA |
258 | 11,777 | ||||||
|
|
|||||||
(Cost $262,527) |
160,694 | |||||||
|
|
|||||||
Qatar — 1.1% | ||||||||
Commercial Bank PSQC |
21,282 | 42,836 | ||||||
Qatar Fuel QSC |
3,263 | 17,033 |
Number |
Value |
|||||||
Qatar (Continued) | ||||||||
Qatar Gas Transport Co. Ltd. |
17,752 | $ | 19,498 | |||||
Qatar National Bank QPSC |
31,062 | 176,047 | ||||||
|
|
|||||||
(Cost $231,616) |
255,414 | |||||||
|
|
|||||||
Romania — 0.1% | ||||||||
NEPI Rockcastle S.A. (Cost $19,919) |
2,953 | 15,721 | ||||||
|
|
|||||||
Russia — 0.0% | ||||||||
Gazprom PJSC* (b) |
68,905 | 0 | ||||||
LUKOIL PJSC (b) |
2,409 | 0 | ||||||
Mobile TeleSystems PJSC, ADR (b) |
2,662 | 0 | ||||||
Moscow Exchange MICEX-RTS PJSC* (b) |
8,602 | 0 | ||||||
Novatek PJSC, GDR (b) |
530 | 0 | ||||||
Novolipetsk Steel PJSC (b) |
8,462 | 0 | ||||||
PhosAgro PJSC, GDR (b) |
804 | 0 | ||||||
PhosAgro PJSC, GDR* (b) |
4 | 0 | ||||||
Polyus PJSC (b) |
193 | 0 | ||||||
|
|
|||||||
(Cost $644,209) |
0 | |||||||
|
|
|||||||
Saudi Arabia — 2.0% | ||||||||
ACWA Power Co. |
488 | 22,719 | ||||||
Bank AlBilad* |
3,216 | 43,290 | ||||||
Dr Sulaiman Al Habib Medical Services Group Co. |
621 | 33,041 | ||||||
Saudi Arabian Oil Co., 144A |
16,440 | 164,006 | ||||||
Saudi Basic Industries Corp. |
6,027 | 160,656 | ||||||
Saudi Electricity Co. |
4,926 | 33,089 | ||||||
|
|
|||||||
(Cost $463,810) |
456,801 | |||||||
|
|
|||||||
Singapore — 0.0% | ||||||||
BOC Aviation Ltd., 144A (Cost $10,636) |
1,317 | 10,579 | ||||||
|
|
|||||||
South Africa — 5.5% | ||||||||
Absa Group Ltd. |
5,567 | 58,144 | ||||||
Anglo American Platinum Ltd. |
378 | 26,585 | ||||||
Aspen Pharmacare Holdings Ltd. |
2,731 | 23,634 | ||||||
Bid Corp. Ltd. |
2,311 | 44,073 | ||||||
Bidvest Group Ltd. |
1,915 | 24,150 | ||||||
Capitec Bank Holdings Ltd. |
566 | 67,861 | ||||||
Clicks Group Ltd. |
1,698 | 29,689 | ||||||
Discovery Ltd.* |
3,014 | 21,722 | ||||||
FirstRand Ltd. |
33,726 | 126,974 | ||||||
Gold Fields Ltd. |
6,170 | 50,220 | ||||||
Growthpoint Properties Ltd. REIT |
19,266 | 14,401 | ||||||
Impala Platinum Holdings Ltd. |
5,657 | 59,868 | ||||||
Kumba Iron Ore Ltd. (a) |
452 | 10,091 | ||||||
Mr Price Group Ltd. |
1,587 | 17,339 | ||||||
MTN Group Ltd. |
11,666 | 85,043 | ||||||
MultiChoice Group |
2,612 | 17,717 | ||||||
Naspers Ltd., Class N |
1,470 | 209,211 | ||||||
Nedbank Group Ltd. (a) |
3,128 | 37,218 | ||||||
Northam Platinum Holdings Ltd.* |
2,481 | 23,464 | ||||||
Old Mutual Ltd. |
32,121 | 19,166 | ||||||
Remgro Ltd. |
3,563 | 26,624 | ||||||
Sanlam Ltd. |
11,249 | 35,190 | ||||||
Sasol Ltd.* |
3,866 | 75,265 | ||||||
Shoprite Holdings Ltd. |
3,493 | 47,693 |
See Notes to Financial Statements. | 49 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
South Africa (Continued) | ||||||||
SPAR Group Ltd. |
1,273 | $ | 11,694 | |||||
Standard Bank Group Ltd. |
9,206 | 82,762 | ||||||
Vodacom Group Ltd. |
4,291 | 31,759 | ||||||
|
|
|||||||
(Cost $1,435,168) |
1,277,557 | |||||||
|
|
|||||||
South Korea — 6.9% | ||||||||
Amorepacific Corp. |
182 | 16,737 | ||||||
AMOREPACIFIC Group |
145 | 3,783 | ||||||
BGF retail Co. Ltd. |
49 | 5,880 | ||||||
Celltrion Healthcare Co. Ltd. |
591 | 31,858 | ||||||
CJ CheilJedang Corp. |
58 | 17,670 | ||||||
CJ Corp. |
82 | 4,794 | ||||||
CJ Logistics Corp.* |
41 | 3,632 | ||||||
Coway Co. Ltd. |
371 | 17,669 | ||||||
Doosan Bobcat, Inc. |
283 | 7,342 | ||||||
GS Engineering & Construction Corp. |
387 | 8,723 | ||||||
Hana Financial Group, Inc. |
2,005 | 58,836 | ||||||
Hanwha Solutions Corp.* |
810 | 31,854 | ||||||
HMM Co. Ltd. |
1,845 | 30,691 | ||||||
Hyundai Engineering & Construction Co. Ltd. |
548 | 19,748 | ||||||
Hyundai Glovis Co. Ltd. |
130 | 17,155 | ||||||
Kakao Corp. |
2,088 | 114,582 | ||||||
KB Financial Group, Inc. |
2,623 | 96,974 | ||||||
Korea Zinc Co. Ltd. |
60 | 30,145 | ||||||
Korean Air Lines Co. Ltd.* |
1,203 | 24,149 | ||||||
LG Chem Ltd. |
329 | 155,454 | ||||||
LG Corp. |
654 | 40,094 | ||||||
LG Display Co. Ltd. |
1,582 | 18,451 | ||||||
LG Electronics, Inc. |
737 | 55,652 | ||||||
LG H&H Co. Ltd. |
61 | 32,471 | ||||||
Lotte Chemical Corp. |
117 | 15,308 | ||||||
NAVER Corp. |
895 | 160,592 | ||||||
NCSoft Corp. |
113 | 31,977 | ||||||
Netmarble Corp., 144A |
95 | 4,510 | ||||||
POSCO Chemical Co. Ltd. |
177 | 22,232 | ||||||
S-1 Corp. |
104 | 4,525 | ||||||
Samsung Engineering Co. Ltd.* |
1,060 | 18,584 | ||||||
Samsung Life Insurance Co. Ltd. |
562 | 26,051 | ||||||
Samsung SDI Co. Ltd. |
370 | 165,422 | ||||||
Samsung SDS Co. Ltd. |
241 | 23,153 | ||||||
Samsung Securities Co. Ltd. |
431 | 10,924 | ||||||
Shinhan Financial Group Co. Ltd. |
3,016 | 82,528 | ||||||
SK Biopharmaceuticals Co. Ltd.* |
191 | 10,224 | ||||||
SK Chemicals Co. Ltd. |
68 | 4,972 | ||||||
SK IE Technology Co. Ltd., 144A* |
182 | 11,321 | ||||||
SK Innovation Co. Ltd.* |
379 | 53,837 | ||||||
SK, Inc. |
251 | 43,724 | ||||||
SKC Co. Ltd. |
148 | 13,444 | ||||||
Woori Financial Group, Inc. |
3,488 | 31,815 | ||||||
Yuhan Corp. |
357 | 15,160 | ||||||
|
|
|||||||
(Cost $1,948,444) |
1,594,647 | |||||||
|
|
|||||||
Taiwan — 20.4% | ||||||||
Acer, Inc. |
19,849 | 14,347 | ||||||
AUO Corp. |
57,387 | 31,580 | ||||||
Cathay Financial Holding Co. Ltd. |
53,605 | 78,459 |
Number |
Value |
|||||||
Taiwan (Continued) | ||||||||
Chailease Holding Co. Ltd. |
9,614 | $ | 62,224 | |||||
China Airlines Ltd. |
19,018 | 14,246 | ||||||
China Steel Corp. |
81,348 | 77,372 | ||||||
Chunghwa Telecom Co. Ltd. |
25,389 | 100,930 | ||||||
CTBC Financial Holding Co. Ltd. |
117,963 | 91,076 | ||||||
Delta Electronics, Inc. |
13,007 | 112,389 | ||||||
E.Sun Financial Holding Co. Ltd. |
87,881 | 81,421 | ||||||
Eva Airways Corp. |
17,898 | 19,846 | ||||||
Evergreen Marine Corp. Taiwan Ltd. |
18,068 | 52,416 | ||||||
Far Eastern New Century Corp. |
19,040 | 20,487 | ||||||
Far EasTone Telecommunications Co. Ltd. |
10,233 | 25,148 | ||||||
First Financial Holding Co. Ltd. |
68,572 | 59,814 | ||||||
Fubon Financial Holding Co. Ltd. |
48,113 | 90,733 | ||||||
Hotai Motor Co. Ltd. |
1,899 | 38,308 | ||||||
Hua Nan Financial Holdings Co. Ltd. |
61,573 | 47,033 | ||||||
MediaTek, Inc. |
10,285 | 225,383 | ||||||
Mega Financial Holding Co. Ltd. |
73,523 | 86,718 | ||||||
momo.com, Inc. |
383 | 9,186 | ||||||
Nan Ya Plastics Corp. |
32,594 | 73,567 | ||||||
President Chain Store Corp. |
3,988 | 35,114 | ||||||
Shanghai Commercial & Savings Bank Ltd. |
24,544 | 40,157 | ||||||
SinoPac Financial Holdings Co. Ltd. |
70,102 | 39,960 | ||||||
Taishin Financial Holding Co. Ltd. |
71,840 | 35,876 | ||||||
Taiwan Cement Corp. |
38,278 | 49,423 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
66,830 | 60,710 | ||||||
Taiwan High Speed Rail Corp. |
15,039 | 14,428 | ||||||
Taiwan Mobile Co. Ltd. |
12,687 | 41,515 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
166,192 | 2,757,354 | ||||||
Uni-President Enterprises Corp. |
33,242 | 72,081 | ||||||
United Microelectronics Corp.* |
81,295 | 109,773 | ||||||
Voltronic Power Technology Corp. |
385 | 21,946 | ||||||
Wan Hai Lines Ltd. |
4,995 | 14,244 | ||||||
Yang Ming Marine Transport Corp. |
12,703 | 32,929 | ||||||
|
|
|||||||
(Cost $4,365,217) |
4,738,193 | |||||||
|
|
|||||||
Thailand — 2.6% | ||||||||
Advanced Info Service PCL, NVDR |
8,100 | 42,652 | ||||||
Airports of Thailand PCL, NVDR* |
30,000 | 59,856 | ||||||
Asset World Corp. PCL, NVDR |
65,800 | 10,106 | ||||||
B Grimm Power PCL, NVDR |
5,600 | 5,682 | ||||||
Bangkok Dusit Medical Services PCL, NVDR |
70,600 | 56,635 | ||||||
Berli Jucker PCL, NVDR |
9,600 | 8,820 | ||||||
BTS Group Holdings PCL, NVDR |
58,400 | 13,454 | ||||||
Bumrungrad Hospital PCL, NVDR |
3,700 | 21,918 | ||||||
Central Pattana PCL, NVDR |
13,500 | 25,639 | ||||||
Charoen Pokphand Foods PCL, NVDR |
21,300 | 15,188 | ||||||
CP ALL PCL, NVDR |
39,900 | 67,298 | ||||||
Energy Absolute PCL, NVDR |
10,000 | 23,380 | ||||||
Home Product Center PCL, NVDR |
39,800 | 15,172 | ||||||
Indorama Ventures PCL, NVDR |
11,300 | 13,403 | ||||||
Intouch Holdings PCL, NVDR |
7,700 | 15,363 | ||||||
Krungthai Card PCL |
400 | 661 |
See Notes to Financial Statements. | 50 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Thailand (Continued) | ||||||||
Krungthai Card PCL, NVDR |
5,500 | $ | 9,088 | |||||
Minor International PCL, NVDR* |
22,554 | 20,258 | ||||||
Osotspa PCL |
2,400 | 2,057 | ||||||
Osotspa PCL, NVDR |
5,600 | 4,799 | ||||||
PTT Exploration & Production PCL, NVDR |
9,100 | 42,053 | ||||||
PTT Global Chemical PCL, NVDR |
15,400 | 20,062 | ||||||
PTT Oil & Retail Business PCL, NVDR |
18,200 | 13,602 | ||||||
SCB X PCL, NVDR |
5,700 | 17,274 | ||||||
SCG Packaging PCL |
400 | 623 | ||||||
SCG Packaging PCL, NVDR |
10,000 | 15,564 | ||||||
Siam Cement PCL, NVDR |
5,500 | 54,001 | ||||||
Thai Union Group PCL, NVDR |
18,700 | 8,975 | ||||||
True Corp. PCL, NVDR |
79,200 | 9,905 | ||||||
|
|
|||||||
(Cost $643,348) |
613,488 | |||||||
|
|
|||||||
Turkey — 0.3% | ||||||||
KOC Holding AS |
5,449 | 13,663 | ||||||
Turk Hava Yollari AO* |
3,500 | 14,062 | ||||||
Turkiye Is Bankasi AS, Class C |
20,927 | 9,110 | ||||||
Turkiye Petrol Rafinerileri AS* |
930 | 18,365 | ||||||
Turkiye Sise ve Cam Fabrikalari AS |
9,472 | 12,900 | ||||||
|
|
|||||||
(Cost $59,890) |
68,100 | |||||||
|
|
|||||||
United Arab Emirates — 2.0% | ||||||||
Abu Dhabi Commercial Bank PJSC |
19,166 | 47,327 | ||||||
Abu Dhabi Islamic Bank PJSC |
9,714 | 23,405 | ||||||
Aldar Properties PJSC |
24,519 | 32,175 | ||||||
Emirates NBD Bank PJSC |
12,976 | 47,162 | ||||||
Emirates Telecommunications Group Co. PJSC |
23,671 | 165,753 | ||||||
First Abu Dhabi Bank PJSC |
29,896 | 155,461 | ||||||
|
|
|||||||
(Cost $410,875) |
471,283 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
22,226,857 | |||||||
|
|
|||||||
PREFERRED STOCKS — 2.1% | ||||||||
Brazil — 1.5% | ||||||||
Banco Bradesco SA |
36,587 | 133,891 | ||||||
Cia Energetica de Minas Gerais |
9,940 | 23,214 | ||||||
Gerdau SA |
7,857 | 35,365 | ||||||
Itau Unibanco Holding SA |
32,480 | 161,805 | ||||||
|
|
|||||||
(Cost $376,071) |
354,275 | |||||||
|
|
|||||||
Chile — 0.4% | ||||||||
Sociedad Quimica y Minera de Chile SA, Class B (Cost $58,748) |
939 | 94,260 | ||||||
|
|
Number |
Value |
|||||||
Colombia — 0.1% | ||||||||
Bancolombia SA (Cost $23,543) |
3,223 | $ | 22,282 | |||||
|
|
|||||||
South Korea — 0.1% | ||||||||
LG Chem Ltd. |
56 | 12,602 | ||||||
LG H&H Co. Ltd. |
11 | 3,014 | ||||||
|
|
|||||||
(Cost $20,321) |
15,616 | |||||||
|
|
|||||||
TOTAL
PREFERRED STOCKS |
486,433 | |||||||
|
|
|||||||
EXCHANGE TRADED FUNDS — 0.1% | ||||||||
iShares ESG Aware MSCI EM ETF (Cost $35,334) |
1,100 | 34,529 | ||||||
|
|
|||||||
Principal |
||||||||
CORPORATE BONDS — 0.0% | ||||||||
India — 0.0% | ||||||||
Britannia
Industries Ltd. Series N3, |
INR | 12,383 | 152 | |||||
|
|
|||||||
Number |
||||||||
WARRANTS — 0.0% | ||||||||
Thailand — 0.0% | ||||||||
BTS
Group Holdings PCL*, |
3,050 | 20 | ||||||
BTS
Group Holdings PCL*, |
6,100 | 39 | ||||||
|
|
|||||||
TOTAL
WARRANTS |
59 | |||||||
|
|
|||||||
SECURITIES LENDING COLLATERAL — 0.2% | ||||||||
DWS
Government & Agency Securities Portfolio “DWS Government Cash
Institutional Shares”, 2.00% (c)(d) |
43,257 | 43,257 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 98.3% (Cost $25,767,802) |
$ | 22,791,287 | ||||||
Other assets and liabilities, net — 1.7% |
383,166 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 23,174,453 | ||||||
|
|
See Notes to Financial Statements. | 51 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.2% |
| |||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (c)(d) |
| |||||||||||||||||||||||||||||||
79,911 | — | (36,654 | )(e) | — | — | 224 | — | 43,257 | 43,257 | |||||||||||||||||||||||
CASH EQUIVALENTS — 0.0% |
| |||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (c) |
| |||||||||||||||||||||||||||||||
149,313 | 4,412,121 | (4,561,434 | ) | — | — | 228 | — | — | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
229,224 | 4,412,121 | (4,598,088 | ) | — | — | 452 | — | 43,257 | 43,257 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $63,480, which is 0.3% of net assets. |
(b) |
Investment was valued using significant unobservable inputs. |
(c) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(d) |
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $33,792. |
(e) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
ADR: | American Depositary Receipt |
CPO: | Ordinary Participation Certificates |
GDR: | Global Depositary Receipt |
KSCP: | Kuwait Shareholding Company Public |
NVDR: | Non Voting Depositary Receipt |
PJSC: | Public Joint Stock Company |
PSQC: | Public Shareholders Qatari Company |
QPSC: | Qatari Public Shareholders Company |
QSC: | Qatari Shareholders Company |
REIT: | Real Estate Investment Trust |
SAE: | Societe Anonyme Egyptienne |
144A: | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
Securities are listed in country of domicile.
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Depreciation |
||||||||||||
MSCI Emerging Markets Index Future |
USD | 2 | $ | 100,625 | $ | 98,190 | 9/16/2022 | $ | (2,435 | ) |
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
USD | U.S. Dollar |
See Notes to Financial Statements. | 52 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (Continued)
August 31, 2022
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 22,219,246 | $ | — | $ | 7,611 | $ | 22,226,857 | ||||||||
Preferred Stocks (a) |
486,433 | — | — | 486,433 | ||||||||||||
Exchange Traded Funds |
34,529 | — | — | 34,529 | ||||||||||||
Corporate Bonds |
— | 152 | — | 152 | ||||||||||||
Warrants |
59 | — | — | 59 | ||||||||||||
Short-Term Investments (a) |
43,257 | — | — | 43,257 | ||||||||||||
|
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|
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|
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|
|
|||||||||
TOTAL |
$ | 22,783,524 | $ | 152 | $ | 7,611 | $ | 22,791,287 | ||||||||
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|
|
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Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (2,435 | ) | $ | — | $ | — | $ | (2,435 | ) | ||||||
|
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|
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|
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TOTAL |
$ | (2,435 | ) | $ | — | $ | — | $ | (2,435 | ) | ||||||
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|
|
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(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
During the year ended August 31, 2022, the amount of transfers from Level 1 to Level 3 was $741,871, and between Level 3 to Level 1 was $200. The investments were transferred from Level 1 to Level 3 due to the lack of observable market data due to a decrease in market activity. The investments were transferred from Level 3 to Level 1 due to the availability of a pricing source supported by observable inputs.
See Notes to Financial Statements. | 53 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI USA ESG Leaders Equity ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 99.6% | ||||||||
Communication Services — 10.2% | ||||||||
Alphabet, Inc., Class A* |
1,057,520 | $ | 114,444,814 | |||||
Alphabet, Inc., Class C* |
995,146 | 108,620,186 | ||||||
Cable One, Inc. (a) |
1,022 | 1,159,970 | ||||||
Electronic Arts, Inc. |
49,329 | 6,258,370 | ||||||
Interpublic Group of Cos., Inc. |
69,109 | 1,910,173 | ||||||
Lumen Technologies, Inc. (a) |
160,875 | 1,602,315 | ||||||
Sirius XM Holdings, Inc. (a) |
137,065 | 834,726 | ||||||
Take-Two Interactive Software, Inc.* |
28,344 | 3,473,841 | ||||||
Verizon Communications, Inc. |
735,739 | 30,761,248 | ||||||
Walt Disney Co.* |
319,194 | 35,775,263 | ||||||
Warner Bros Discovery, Inc.* |
392,404 | 5,195,429 | ||||||
ZoomInfo Technologies, Inc.* |
45,877 | 2,083,733 | ||||||
|
|
|||||||
(Cost $282,721,999) |
312,120,068 | |||||||
|
|
|||||||
Consumer Discretionary — 11.4% | ||||||||
Advance Auto Parts, Inc. |
10,944 | 1,845,596 | ||||||
Aptiv PLC* |
45,896 | 4,288,063 | ||||||
Best Buy Co., Inc. |
37,568 | 2,655,682 | ||||||
BorgWarner, Inc. |
42,102 | 1,587,246 | ||||||
Burlington Stores, Inc.* (a) |
12,106 | 1,697,140 | ||||||
CarMax, Inc.* (a) |
27,839 | 2,462,081 | ||||||
eBay, Inc. |
98,310 | 4,338,420 | ||||||
Genuine Parts Co. |
24,884 | 3,882,153 | ||||||
Hasbro, Inc. |
22,483 | 1,772,110 | ||||||
Hilton Worldwide Holdings, Inc. |
48,800 | 6,215,168 | ||||||
Home Depot, Inc. |
180,859 | 52,163,353 | ||||||
Lear Corp. |
10,295 | 1,427,299 | ||||||
LKQ Corp. |
47,578 | 2,532,101 | ||||||
Lowe’s Cos., Inc. |
112,471 | 21,835,120 | ||||||
Lululemon Athletica, Inc.* |
20,652 | 6,194,774 | ||||||
McDonald’s Corp. |
130,430 | 32,904,880 | ||||||
MercadoLibre, Inc.* |
8,006 | 6,848,012 | ||||||
Newell Brands, Inc. (a) |
71,189 | 1,270,724 | ||||||
NIKE, Inc., Class B |
223,859 | 23,829,791 | ||||||
Pool Corp. |
6,960 | 2,360,762 | ||||||
Rivian Automotive, Inc., Class A* |
54,938 | 1,797,022 | ||||||
Target Corp. |
81,925 | 13,135,855 | ||||||
Tesla, Inc.* |
464,448 | 128,006,513 | ||||||
TJX Cos., Inc. |
206,146 | 12,853,203 | ||||||
Tractor Supply Co. |
19,668 | 3,641,530 | ||||||
Ulta Beauty, Inc.* |
9,149 | 3,841,391 | ||||||
Vail Resorts, Inc. |
6,928 | 1,556,583 | ||||||
VF Corp. |
57,924 | 2,400,950 | ||||||
|
|
|||||||
(Cost $276,680,562) |
349,343,522 | |||||||
|
|
|||||||
Consumer Staples — 7.0% | ||||||||
Bunge Ltd. |
26,667 | 2,644,566 | ||||||
Campbell Soup Co. |
37,051 | 1,866,629 | ||||||
Clorox Co. |
20,692 | 2,986,683 | ||||||
Coca-Cola Co. |
724,940 | 44,736,048 | ||||||
Colgate-Palmolive Co. |
141,920 | 11,099,563 | ||||||
Conagra Brands, Inc. |
84,070 | 2,890,327 | ||||||
Estee Lauder Cos., Inc., Class A |
40,734 | 10,361,915 | ||||||
General Mills, Inc. |
105,761 | 8,122,445 | ||||||
Hormel Foods Corp. |
50,816 | 2,555,029 | ||||||
Kellogg Co. |
44,473 | 3,234,966 |
Number |
Value |
|||||||
Consumer Staples (Continued) | ||||||||
Keurig Dr Pepper, Inc. |
136,724 | $ | 5,211,919 | |||||
Kimberly-Clark Corp. |
59,120 | 7,538,983 | ||||||
Kroger Co. |
123,911 | 5,940,293 | ||||||
McCormick & Co., Inc. |
44,332 | 3,726,991 | ||||||
PepsiCo, Inc. |
242,564 | 41,786,500 | ||||||
Procter & Gamble Co. |
421,902 | 58,197,162 | ||||||
|
|
|||||||
(Cost $187,830,106) |
212,900,019 | |||||||
|
|
|||||||
Energy — 2.3% | ||||||||
Baker Hughes Co. |
176,948 | 4,469,706 | ||||||
Cheniere Energy, Inc. |
40,633 | 6,508,594 | ||||||
Halliburton Co. |
156,922 | 4,728,060 | ||||||
Kinder Morgan, Inc. |
355,470 | 6,512,210 | ||||||
Marathon Petroleum Corp. |
95,202 | 9,591,602 | ||||||
ONEOK, Inc. |
77,958 | 4,773,368 | ||||||
Phillips 66 |
84,091 | 7,522,781 | ||||||
Schlumberger N.V. |
248,139 | 9,466,503 | ||||||
Targa Resources Corp. |
37,891 | 2,585,303 | ||||||
Valero Energy Corp. |
71,849 | 8,414,955 | ||||||
Williams Cos., Inc. |
214,236 | 7,290,451 | ||||||
|
|
|||||||
(Cost $63,127,720) |
71,863,533 | |||||||
|
|
|||||||
Financials — 11.1% | ||||||||
Aflac, Inc. |
108,624 | 6,454,438 | ||||||
Allstate Corp. |
49,220 | 5,931,010 | ||||||
Ally Financial, Inc. |
58,518 | 1,942,798 | ||||||
American Express Co. |
113,268 | 17,216,736 | ||||||
American International Group, Inc. |
142,991 | 7,399,784 | ||||||
Ameriprise Financial, Inc. |
19,391 | 5,196,982 | ||||||
Annaly Capital Management, Inc. REIT |
280,969 | 1,812,250 | ||||||
Arch Capital Group Ltd.* |
66,426 | 3,036,997 | ||||||
Arthur J Gallagher & Co. |
36,478 | 6,623,310 | ||||||
Assurant, Inc. |
9,509 | 1,507,081 | ||||||
Bank of New York Mellon Corp. |
134,015 | 5,565,643 | ||||||
BlackRock, Inc. |
26,692 | 17,787,282 | ||||||
Carlyle Group, Inc. |
34,368 | 1,117,991 | ||||||
Cboe Global Markets, Inc. |
17,427 | 2,055,863 | ||||||
Charles Schwab Corp. |
253,938 | 18,016,901 | ||||||
Chubb Ltd. |
74,739 | 14,129,408 | ||||||
Citizens Financial Group, Inc. |
86,174 | 3,160,862 | ||||||
CME Group, Inc. |
63,005 | 12,324,408 | ||||||
Discover Financial Services |
50,001 | 5,024,601 | ||||||
Equitable Holdings, Inc. |
68,244 | 2,030,259 | ||||||
FactSet Research Systems, Inc. |
6,498 | 2,815,843 | ||||||
First Republic Bank |
30,840 | 4,682,437 | ||||||
Franklin Resources, Inc. (a) |
55,006 | 1,434,006 | ||||||
Hartford Financial Services Group, Inc. |
58,237 | 3,745,221 | ||||||
Huntington Bancshares, Inc. |
253,262 | 3,393,711 | ||||||
Intercontinental Exchange, Inc. |
98,546 | 9,938,364 | ||||||
Invesco Ltd. |
59,816 | 985,170 | ||||||
KeyCorp |
161,677 | 2,860,066 | ||||||
Lincoln National Corp. |
28,260 | 1,301,656 | ||||||
Loews Corp. |
37,234 | 2,059,413 | ||||||
LPL Financial Holdings, Inc. |
13,951 | 3,087,775 | ||||||
MarketAxess Holdings, Inc. |
6,622 | 1,646,163 | ||||||
Marsh & McLennan Cos., Inc. |
88,234 | 14,238,321 | ||||||
Moody’s Corp. |
29,222 | 8,314,243 |
See Notes to Financial Statements. | 54 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI USA ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Financials (Continued) | ||||||||
Morgan Stanley |
234,212 | $ | 19,959,547 | |||||
Nasdaq, Inc. |
60,717 | 3,614,483 | ||||||
Northern Trust Corp. |
34,589 | 3,289,068 | ||||||
PNC Financial Services Group, Inc. |
73,436 | 11,602,888 | ||||||
Principal Financial Group, Inc. (a) |
46,074 | 3,444,492 | ||||||
Progressive Corp. |
102,571 | 12,580,333 | ||||||
Prudential Financial, Inc. |
66,137 | 6,332,618 | ||||||
Raymond James Financial, Inc. |
33,355 | 3,481,261 | ||||||
Regions Financial Corp. |
162,562 | 3,522,719 | ||||||
S&P Global, Inc. |
61,081 | 21,511,507 | ||||||
State Street Corp. |
64,224 | 4,389,710 | ||||||
SVB Financial Group* |
10,288 | 4,182,278 | ||||||
Synchrony Financial |
91,055 | 2,982,051 | ||||||
T. Rowe Price Group, Inc. (a) |
39,719 | 4,766,280 | ||||||
Travelers Cos., Inc. |
42,369 | 6,848,525 | ||||||
Truist Financial Corp. |
233,092 | 10,918,029 | ||||||
US Bancorp |
247,419 | 11,284,781 | ||||||
Webster Financial Corp. |
31,267 | 1,471,112 | ||||||
Willis Towers Watson PLC |
20,642 | 4,269,385 | ||||||
|
|
|||||||
(Cost $308,364,585) |
339,288,060 | |||||||
|
|
|||||||
Health Care — 14.4% | ||||||||
ABIOMED, Inc.* |
8,088 | 2,097,057 | ||||||
Agilent Technologies, Inc. |
52,605 | 6,746,591 | ||||||
Align Technology, Inc.* |
13,445 | 3,276,547 | ||||||
AmerisourceBergen Corp. |
27,083 | 3,969,285 | ||||||
Amgen, Inc. |
94,006 | 22,589,642 | ||||||
Baxter International, Inc. |
88,188 | 5,067,282 | ||||||
Biogen, Inc.* |
25,735 | 5,028,104 | ||||||
BioMarin Pharmaceutical, Inc.* |
32,459 | 2,895,343 | ||||||
Bio-Techne Corp. |
6,769 | 2,246,022 | ||||||
Bristol-Myers Squibb Co. |
374,663 | 25,256,033 | ||||||
Cardinal Health, Inc. |
46,454 | 3,285,227 | ||||||
Catalent, Inc.* |
28,811 | 2,535,368 | ||||||
Cigna Corp. |
56,449 | 16,000,469 | ||||||
DaVita, Inc.* |
10,247 | 873,967 | ||||||
DENTSPLY SIRONA, Inc. |
38,961 | 1,276,752 | ||||||
Dexcom, Inc.* |
68,044 | 5,593,897 | ||||||
Edwards Lifesciences Corp.* |
109,278 | 9,845,948 | ||||||
Elanco Animal Health, Inc.* |
74,219 | 1,122,933 | ||||||
Elevance Health, Inc. |
42,228 | 20,485,225 | ||||||
Eli Lilly & Co. |
142,197 | 42,834,002 | ||||||
Gilead Sciences, Inc. |
219,672 | 13,942,582 | ||||||
HCA Healthcare, Inc. |
42,606 | 8,430,449 | ||||||
Hologic, Inc.* |
43,154 | 2,915,484 | ||||||
Humana, Inc. |
22,196 | 10,693,589 | ||||||
IDEXX Laboratories, Inc.* |
14,837 | 5,157,638 | ||||||
Illumina, Inc.* |
27,482 | 5,541,470 | ||||||
Insulet Corp.* (a) |
12,227 | 3,123,632 | ||||||
Jazz Pharmaceuticals PLC* |
10,793 | 1,675,289 | ||||||
Johnson & Johnson |
463,179 | 74,729,300 | ||||||
Laboratory Corp. of America Holdings |
16,325 | 3,677,533 | ||||||
Merck & Co., Inc. |
443,091 | 37,822,248 | ||||||
Mettler-Toledo International, Inc.* |
3,952 | 4,791,642 | ||||||
Novocure Ltd.* (a) |
16,619 | 1,364,918 | ||||||
Quest Diagnostics, Inc. |
20,679 | 2,591,286 | ||||||
ResMed, Inc. |
25,457 | 5,598,503 |
Number |
Value |
|||||||
Health Care (Continued) | ||||||||
STERIS PLC |
18,081 | $ | 3,641,152 | |||||
Teladoc Health, Inc.* (a) |
28,152 | 874,401 | ||||||
Teleflex, Inc. |
8,238 | 1,863,930 | ||||||
Thermo Fisher Scientific, Inc. |
69,040 | 37,648,893 | ||||||
Vertex Pharmaceuticals, Inc.* |
44,590 | 12,563,678 | ||||||
Waters Corp.* |
10,567 | 3,155,306 | ||||||
West Pharmaceutical Services, Inc. |
12,976 | 3,849,849 | ||||||
Zoetis, Inc. |
82,803 | 12,961,154 | ||||||
|
|
|||||||
(Cost $413,473,606) |
441,639,620 | |||||||
|
|
|||||||
Industrials — 8.3% | ||||||||
3M Co. (a) |
100,178 | 12,457,134 | ||||||
A O Smith Corp. |
23,133 | 1,305,858 | ||||||
Allegion PLC |
15,609 | 1,484,416 | ||||||
AMERCO |
1,873 | 984,580 | ||||||
C.H. Robinson Worldwide, Inc. (a) |
22,311 | 2,546,801 | ||||||
Carrier Global Corp. |
149,632 | 5,853,604 | ||||||
Caterpillar, Inc. |
93,943 | 17,352,212 | ||||||
Copart, Inc.* |
37,553 | 4,493,216 | ||||||
CSX Corp. |
384,669 | 12,174,774 | ||||||
Cummins, Inc. |
25,015 | 5,387,481 | ||||||
Deere & Co. |
51,103 | 18,665,371 | ||||||
Delta Air Lines, Inc.* |
27,987 | 869,556 | ||||||
Dover Corp. |
25,312 | 3,162,987 | ||||||
Eaton Corp. PLC |
70,019 | 9,567,396 | ||||||
Expeditors International of Washington, Inc. |
29,648 | 3,050,483 | ||||||
Fastenal Co. |
100,840 | 5,075,277 | ||||||
Fortive Corp. |
59,408 | 3,762,309 | ||||||
Fortune Brands Home & Security, Inc. |
23,145 | 1,421,797 | ||||||
Generac Holdings, Inc.* |
11,298 | 2,490,192 | ||||||
IDEX Corp. |
13,151 | 2,646,113 | ||||||
Illinois Tool Works, Inc. |
54,904 | 10,696,946 | ||||||
Ingersoll Rand, Inc. |
71,116 | 3,368,765 | ||||||
JB Hunt Transport Services, Inc. |
14,691 | 2,556,528 | ||||||
Johnson Controls International PLC |
123,675 | 6,695,764 | ||||||
Knight-Swift Transportation Holdings, Inc. |
27,406 | 1,384,277 | ||||||
Lennox International, Inc. |
5,559 | 1,334,827 | ||||||
Masco Corp. |
41,156 | 2,093,606 | ||||||
Norfolk Southern Corp. |
42,095 | 10,234,557 | ||||||
Old Dominion Freight Line, Inc. |
17,042 | 4,625,369 | ||||||
Otis Worldwide Corp. |
74,262 | 5,363,202 | ||||||
Owens Corning |
17,195 | 1,405,347 | ||||||
Pentair PLC |
25,514 | 1,135,373 | ||||||
Plug Power, Inc.* |
90,714 | 2,543,621 | ||||||
Quanta Services, Inc. |
25,189 | 3,559,206 | ||||||
Republic Services, Inc. |
38,751 | 5,530,543 | ||||||
Robert Half International, Inc. |
19,288 | 1,484,597 | ||||||
Rockwell Automation, Inc. |
20,370 | 4,826,468 | ||||||
Rollins, Inc. |
38,769 | 1,308,841 | ||||||
Snap-on, Inc. |
9,674 | 2,107,578 | ||||||
Trane Technologies PLC |
41,125 | 6,336,129 | ||||||
Union Pacific Corp. |
110,213 | 24,743,921 | ||||||
United Parcel Service, Inc., Class B |
129,077 | 25,106,767 | ||||||
United Rentals, Inc.* |
12,484 | 3,645,827 |
See Notes to Financial Statements. | 55 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI USA ESG Leaders Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Industrials (Continued) | ||||||||
W.W. Grainger, Inc. |
8,101 | $ | 4,495,569 | |||||
Xylem, Inc. |
32,165 | 2,930,231 | ||||||
|
|
|||||||
(Cost $222,934,860) |
254,265,416 | |||||||
|
|
|||||||
Information Technology — 27.9% | ||||||||
Accenture PLC, Class A |
110,788 | 31,957,907 | ||||||
Adobe, Inc.* |
82,744 | 30,899,919 | ||||||
ANSYS, Inc.* |
15,284 | 3,795,017 | ||||||
Applied Materials, Inc. |
154,924 | 14,573,701 | ||||||
Autodesk, Inc.* |
38,633 | 7,793,821 | ||||||
Automatic Data Processing, Inc. |
73,614 | 17,991,998 | ||||||
Cadence Design Systems, Inc.* |
48,991 | 8,513,166 | ||||||
Cisco Systems, Inc. |
728,088 | 32,560,095 | ||||||
Citrix Systems, Inc. |
21,969 | 2,257,754 | ||||||
Cognex Corp. |
30,053 | 1,265,532 | ||||||
Guidewire Software, Inc.* |
13,730 | 984,578 | ||||||
Hewlett Packard Enterprise Co. |
229,217 | 3,117,351 | ||||||
HP, Inc. |
186,564 | 5,356,252 | ||||||
HubSpot, Inc.* |
7,952 | 2,680,142 | ||||||
Intel Corp. |
713,756 | 22,783,092 | ||||||
International Business Machines Corp. |
157,703 | 20,256,950 | ||||||
Intuit, Inc. |
47,220 | 20,388,652 | ||||||
Keysight Technologies, Inc.* |
32,250 | 5,285,453 | ||||||
Lam Research Corp. |
24,397 | 10,683,690 | ||||||
Mastercard, Inc., Class A |
152,920 | 49,602,660 | ||||||
Microsoft Corp. |
1,249,653 | 326,746,770 | ||||||
Motorola Solutions, Inc. |
29,350 | 7,144,084 | ||||||
NortonLifeLock, Inc. |
101,817 | 2,300,046 | ||||||
NVIDIA Corp. |
440,078 | 66,425,373 | ||||||
NXP Semiconductors NV |
45,881 | 7,551,095 | ||||||
Roper Technologies, Inc. |
18,512 | 7,452,561 | ||||||
Salesforce, Inc.* |
174,680 | 27,271,042 | ||||||
ServiceNow, Inc.* |
35,043 | 15,230,389 | ||||||
Splunk, Inc.* |
27,724 | 2,495,992 | ||||||
Texas Instruments, Inc. |
161,862 | 26,741,221 | ||||||
Trimble, Inc.* |
44,202 | 2,795,777 | ||||||
Visa, Inc., Class A |
290,760 | 57,776,920 | ||||||
VMware, Inc., Class A |
36,770 | 4,266,423 | ||||||
Western Union Co. |
64,609 | 957,505 | ||||||
Zebra Technologies Corp., Class A* |
9,230 | 2,784,137 | ||||||
Zendesk, Inc.* |
21,390 | 1,642,110 | ||||||
|
|
|||||||
(Cost $750,804,545) |
852,329,175 | |||||||
|
|
|||||||
Materials — 2.9% | ||||||||
Amcor PLC |
266,108 | 3,195,957 | ||||||
Ball Corp. |
56,324 | 3,143,442 | ||||||
Celanese Corp. |
18,867 | 2,091,596 | ||||||
Ecolab, Inc. |
44,346 | 7,265,205 | ||||||
International Flavors & Fragrances, Inc. |
44,483 | 4,914,482 | ||||||
International Paper Co. |
63,000 | 2,622,060 | ||||||
Linde PLC |
89,016 | 25,179,066 | ||||||
Martin Marietta Materials, Inc. |
10,839 | 3,768,829 |
Number |
Value |
|||||||
Materials (Continued) | ||||||||
Mosaic Co. |
64,549 | $ | 3,477,255 | |||||
Newmont Corp. |
139,869 | 5,784,982 | ||||||
Nucor Corp. |
47,181 | 6,272,242 | ||||||
PPG Industries, Inc. |
41,104 | 5,219,386 | ||||||
Sherwin-Williams Co. |
43,303 | 10,050,626 | ||||||
Steel Dynamics, Inc. |
33,688 | 2,719,295 | ||||||
Westrock Co. |
45,922 | 1,863,974 | ||||||
|
|
|||||||
(Cost $85,418,724) |
87,568,397 | |||||||
|
|
|||||||
Real Estate — 2.9% | ||||||||
American Tower Corp. REIT |
79,917 | 20,302,914 | ||||||
Boston Properties, Inc. REIT |
25,491 | 2,024,750 | ||||||
CBRE Group, Inc., Class A* |
58,291 | 4,602,657 | ||||||
Crown Castle, Inc. REIT |
75,849 | 12,957,285 | ||||||
Equinix, Inc. REIT |
15,852 | 10,420,629 | ||||||
Healthpeak Properties, Inc. REIT |
95,145 | 2,497,556 | ||||||
Prologis, Inc. REIT |
129,708 | 16,149,943 | ||||||
SBA Communications Corp. REIT |
18,977 | 6,172,269 | ||||||
Ventas, Inc. REIT |
69,789 | 3,340,102 | ||||||
Welltower, Inc. REIT |
78,436 | 6,012,120 | ||||||
Weyerhaeuser Co. REIT |
131,065 | 4,477,180 | ||||||
|
|
|||||||
(Cost $85,816,118) |
88,957,405 | |||||||
|
|
|||||||
Utilities — 1.2% | ||||||||
American Water Works Co., Inc. |
31,736 | 4,711,209 | ||||||
Atmos Energy Corp. |
23,970 | 2,717,719 | ||||||
Consolidated Edison, Inc. |
62,185 | 6,077,962 | ||||||
Edison International |
66,943 | 4,536,727 | ||||||
Essential Utilities, Inc. |
40,808 | 2,005,713 | ||||||
Eversource Energy |
60,244 | 5,403,284 | ||||||
Sempra Energy |
55,517 | 9,158,639 | ||||||
UGI Corp. |
35,767 | 1,412,797 | ||||||
|
|
|||||||
(Cost $31,749,002) |
36,024,050 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
3,046,299,265 | |||||||
|
|
|||||||
SECURITIES LENDING COLLATERAL — 0.0% |
| |||||||
DWS
Government & Agency Securities Portfolio “DWS Government Cash
Institutional Shares”, 2.00% (b)(c) |
804,200 | 804,200 | ||||||
|
|
|||||||
CASH EQUIVALENTS — 0.3% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (b) |
8,312,422 | 8,312,422 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 99.9% (Cost $2,718,038,449) |
$ | 3,055,415,887 | ||||||
Other assets and liabilities, net — 0.1% |
4,275,917 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 3,059,691,804 | ||||||
|
|
See Notes to Financial Statements. | 56 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI USA ESG Leaders Equity ETF (Continued)
August 31, 2022
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.0% |
| |||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (b)(c) |
| |||||||||||||||||||||||||||||||
852,902 | — | (48,702 | )(d) | — | — | 5,475 | — | 804,200 | 804,200 | |||||||||||||||||||||||
CASH EQUIVALENTS — 0.3% |
| |||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) |
| |||||||||||||||||||||||||||||||
3,332,190 | 76,346,140 | (71,365,908 | ) | — | — | 32,091 | — | 8,312,422 | 8,312,422 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
4,185,092 | 76,346,140 | (71,414,610 | ) | — | — | 37,566 | — | 9,116,622 | 9,116,622 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $28,634,670, which is 0.9% of net assets. |
(b) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(c) |
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $29,094,935. |
(d) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
REIT: | Real Estate Investment Trust |
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Appreciation (Depreciation) |
||||||||||||
S&P 500 E-Mini Futures |
USD | 2 | $ | 401,650 | $ | 395,650 | 9/16/2022 | $ | (6,000 | ) | ||||||||
MSCI USA ESG Leaders GTR Index Futures |
USD | 40 | 1,646,400 | 1,702,800 | 9/16/2022 | 56,400 | ||||||||||||
E-Mini S&P 500 ESG Futures |
USD | 62 | 10,802,109 | 10,696,240 | 9/16/2022 | (105,869 | ) | |||||||||||
|
|
|||||||||||||||||
Total net unrealized depreciation |
$ | (55,469 | ) | |||||||||||||||
|
|
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
USD | U.S. Dollar |
See Notes to Financial Statements. | 57 |
DBX ETF Trust
Schedule of Investments
Xtrackers MSCI USA ESG Leaders Equity ETF (Continued)
August 31, 2022
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 3,046,299,265 | $ | — | $ | — | $ | 3,046,299,265 | ||||||||
Short-Term Investments (a) |
9,116,622 | — | — | 9,116,622 | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
56,400 | — | — | 56,400 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 3,055,472,287 | $ | — | $ | — | $ | 3,055,472,287 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (111,869 | ) | $ | — | $ | — | $ | (111,869 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | (111,869 | ) | $ | — | $ | — | $ | (111,869 | ) | ||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts and forward foreign currency contracts. |
See Notes to Financial Statements. | 58 |
DBX ETF Trust
Schedule of Investments
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 99.4% | ||||||||
Communication Services — 9.3% | ||||||||
Activision Blizzard, Inc. |
1,593 | $ | 125,035 | |||||
Alphabet, Inc., Class A* |
17,084 | 1,848,830 | ||||||
Alphabet, Inc., Class C* |
14,937 | 1,630,374 | ||||||
AT&T, Inc. |
16,231 | 284,692 | ||||||
Charter Communications, Inc., Class A* |
200 | 82,526 | ||||||
Comcast Corp., Class A |
9,850 | 356,471 | ||||||
DISH Network Corp., Class A* |
630 | 10,930 | ||||||
Electronic Arts, Inc. |
636 | 80,689 | ||||||
Fox Corp., Class A |
644 | 22,012 | ||||||
Fox Corp., Class B |
269 | 8,506 | ||||||
IAC, Inc.* |
210 | 13,497 | ||||||
Liberty Broadband Corp., Class A* |
20 | 2,016 | ||||||
Liberty Broadband Corp., Class C* |
85 | 8,644 | ||||||
Liberty Media Corp-Liberty SiriusXM, Class A* |
189 | 7,851 | ||||||
Liberty Media Corp-Liberty SiriusXM, Class C* |
245 | 10,133 | ||||||
Live Nation Entertainment, Inc.* |
383 | 34,608 | ||||||
Lumen Technologies, Inc. |
633 | 6,305 | ||||||
Match Group, Inc.* |
492 | 27,813 | ||||||
Meta Platforms, Inc., Class A* |
5,163 | 841,208 | ||||||
Netflix, Inc.* |
979 | 218,865 | ||||||
Omnicom Group, Inc. |
393 | 26,292 | ||||||
Paramount Global, Class A |
139 | 3,672 | ||||||
Paramount Global, Class B |
1,208 | 28,255 | ||||||
Pinterest, Inc., Class A* |
1,235 | 28,454 | ||||||
Sirius XM Holdings, Inc. |
1,446 | 8,806 | ||||||
Snap, Inc., Class A* |
1,753 | 19,073 | ||||||
Spotify Technology SA* |
240 | 25,956 | ||||||
Take-Two Interactive Software, Inc.* |
373 | 45,715 | ||||||
T-Mobile US, Inc.* |
1,402 | 201,832 | ||||||
Twitter, Inc.* |
1,412 | 54,715 | ||||||
Verizon Communications, Inc. |
9,500 | 397,195 | ||||||
Walt Disney Co.* |
4,078 | 457,062 | ||||||
Warner Bros Discovery, Inc.* |
4,911 | 65,022 | ||||||
Warner Music Group Corp., Class A |
299 | 8,004 | ||||||
ZoomInfo Technologies, Inc.* |
692 | 31,431 | ||||||
|
|
|||||||
(Cost $7,134,716) |
7,022,489 | |||||||
|
|
|||||||
Consumer Discretionary — 7.5% | ||||||||
Advance Auto Parts, Inc. |
536 | 90,391 | ||||||
Airbnb, Inc., Class A* |
768 | 86,876 | ||||||
Aptiv PLC* |
1,436 | 134,165 | ||||||
AutoZone, Inc.* |
79 | 167,418 | ||||||
Best Buy Co., Inc. |
1,401 | 99,037 | ||||||
Booking Holdings, Inc.* |
92 | 172,575 | ||||||
Chipotle Mexican Grill, Inc.* |
62 | 99,002 | ||||||
D.R. Horton, Inc. |
1,766 | 125,651 | ||||||
Domino’s Pizza, Inc. |
81 | 30,121 | ||||||
DoorDash, Inc., Class A* |
103 | 6,170 | ||||||
eBay, Inc. |
3,036 | 133,979 | ||||||
Etsy, Inc.* |
1,146 | 121,029 | ||||||
Expedia Group, Inc.* |
329 | 33,772 | ||||||
Ford Motor Co. |
14,150 | 215,646 | ||||||
Garmin Ltd. |
1,080 | 95,569 | ||||||
General Motors Co. |
5,018 | 191,738 |
Number |
Value |
|||||||
Consumer Discretionary (Continued) | ||||||||
Genuine Parts Co. |
848 | $ | 132,296 | |||||
Hasbro, Inc. |
1,165 | 91,825 | ||||||
Home Depot, Inc. |
2,575 | 742,682 | ||||||
Lennar Corp., Class A |
1,512 | 117,104 | ||||||
Lennar Corp., Class B |
611 | 37,686 | ||||||
LKQ Corp. |
2,014 | 107,185 | ||||||
Lowe’s Cos., Inc. |
1,842 | 357,606 | ||||||
Lululemon Athletica, Inc.* |
543 | 162,878 | ||||||
McDonald’s Corp. |
1,651 | 416,514 | ||||||
MercadoLibre, Inc.* |
216 | 184,758 | ||||||
Newell Brands, Inc. |
4,420 | 78,897 | ||||||
NIKE, Inc., Class B |
3,554 | 378,323 | ||||||
NVR, Inc.* |
24 | 99,361 | ||||||
PulteGroup, Inc. |
2,140 | 87,012 | ||||||
Starbucks Corp. |
2,507 | 210,763 | ||||||
Target Corp. |
1,533 | 245,801 | ||||||
Tractor Supply Co. |
605 | 112,016 | ||||||
Vail Resorts, Inc. |
85 | 19,098 | ||||||
VF Corp. |
2,498 | 103,542 | ||||||
Whirlpool Corp. |
401 | 62,797 | ||||||
Yum China Holdings, Inc. |
1,008 | 50,511 | ||||||
Yum! Brands, Inc. |
573 | 63,741 | ||||||
|
|
|||||||
(Cost $5,370,730) |
5,665,535 | |||||||
|
|
|||||||
Consumer Staples — 6.2% | ||||||||
Archer-Daniels-Midland Co. |
2,173 | 190,985 | ||||||
Campbell Soup Co. |
1,922 | 96,830 | ||||||
Church & Dwight Co., Inc. |
1,223 | 102,377 | ||||||
Clorox Co. |
771 | 111,286 | ||||||
Coca-Cola Co. |
9,963 | 614,817 | ||||||
Colgate-Palmolive Co. |
2,726 | 213,201 | ||||||
Conagra Brands, Inc. |
3,051 | 104,893 | ||||||
Estee Lauder Cos., Inc., Class A |
777 | 197,653 | ||||||
General Mills, Inc. |
2,270 | 174,336 | ||||||
Hershey Co. |
656 | 147,384 | ||||||
J M Smucker Co. |
780 | 109,192 | ||||||
Kellogg Co. |
1,567 | 113,984 | ||||||
Keurig Dr Pepper, Inc. |
4,018 | 153,166 | ||||||
Kimberly-Clark Corp. |
1,278 | 162,971 | ||||||
Kraft Heinz Co. |
3,653 | 136,622 | ||||||
McCormick & Co., Inc. |
1,461 | 122,826 | ||||||
Mondelez International, Inc., Class A |
4,244 | 262,534 | ||||||
PepsiCo, Inc. |
3,549 | 611,386 | ||||||
Procter & Gamble Co. |
5,938 | 819,088 | ||||||
Sysco Corp. |
1,893 | 155,643 | ||||||
Tyson Foods, Inc., Class A |
1,235 | 93,094 | ||||||
|
|
|||||||
(Cost $4,674,937) |
4,694,268 | |||||||
|
|
|||||||
Financials — 9.1% | ||||||||
Aflac, Inc. |
1,293 | 76,830 | ||||||
Alleghany Corp.* |
28 | 23,553 | ||||||
Allstate Corp. |
589 | 70,974 | ||||||
Ally Financial, Inc. |
660 | 21,912 | ||||||
American Express Co. |
1,238 | 188,176 | ||||||
American International Group, Inc. |
1,736 | 89,838 | ||||||
Ameriprise Financial, Inc. |
252 | 67,539 | ||||||
Annaly Capital Management, Inc. REIT |
15,756 | 101,626 |
See Notes to Financial Statements. | 59 |
DBX ETF Trust
Schedule of Investments
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Financials (Continued) | ||||||||
Aon PLC, Class A |
451 | $ | 125,946 | |||||
Apollo Global Management, Inc. |
948 | 52,690 | ||||||
Arch Capital Group Ltd.* |
785 | 35,890 | ||||||
Bank of America Corp. |
15,879 | 533,693 | ||||||
Bank of New York Mellon Corp. |
1,607 | 66,739 | ||||||
BlackRock, Inc. |
321 | 213,911 | ||||||
Capital One Financial Corp. |
858 | 90,794 | ||||||
Cboe Global Markets, Inc. |
252 | 29,728 | ||||||
Charles Schwab Corp. |
3,397 | 241,017 | ||||||
Chubb Ltd. |
782 | 147,837 | ||||||
Cincinnati Financial Corp. |
229 | 22,204 | ||||||
Citigroup, Inc. |
4,333 | 211,494 | ||||||
Citizens Financial Group, Inc. |
1,071 | 39,284 | ||||||
CME Group, Inc. |
748 | 146,316 | ||||||
Discover Financial Services |
614 | 61,701 | ||||||
Everest Re Group Ltd. |
82 | 22,062 | ||||||
Fidelity National Financial, Inc. |
528 | 20,645 | ||||||
Fifth Third Bancorp |
1,494 | 51,020 | ||||||
First Republic Bank |
393 | 59,669 | ||||||
Franklin Resources, Inc. |
515 | 13,426 | ||||||
Globe Life, Inc. |
229 | 22,257 | ||||||
Goldman Sachs Group, Inc. |
764 | 254,160 | ||||||
Hartford Financial Services Group, Inc. |
706 | 45,403 | ||||||
Huntington Bancshares, Inc. |
3,082 | 41,299 | ||||||
Interactive Brokers Group, Inc., Class A |
190 | 11,702 | ||||||
Intercontinental Exchange, Inc. |
1,231 | 124,146 | ||||||
JPMorgan Chase & Co. |
6,581 | 748,457 | ||||||
KeyCorp |
2,019 | 35,716 | ||||||
KKR & Co., Inc. |
1,903 | 96,216 | ||||||
M&T Bank Corp. |
384 | 69,804 | ||||||
Markel Corp.* |
29 | 34,629 | ||||||
Marsh & McLennan Cos., Inc. |
1,119 | 180,573 | ||||||
MetLife, Inc. |
1,332 | 85,688 | ||||||
Moody’s Corp. |
358 | 101,858 | ||||||
Morgan Stanley |
3,036 | 258,728 | ||||||
MSCI, Inc. |
178 | 79,965 | ||||||
Nasdaq, Inc. |
786 | 46,791 | ||||||
Northern Trust Corp. |
434 | 41,269 | ||||||
PNC Financial Services Group, Inc. |
916 | 144,728 | ||||||
Principal Financial Group, Inc. |
533 | 39,847 | ||||||
Progressive Corp. |
1,295 | 158,832 | ||||||
Prudential Financial, Inc. |
821 | 78,611 | ||||||
Raymond James Financial, Inc. |
430 | 44,879 | ||||||
Regions Financial Corp. |
2,030 | 43,990 | ||||||
Rocket Cos., Inc., Class A |
471 | 3,721 | ||||||
S&P Global, Inc. |
766 | 269,770 | ||||||
State Street Corp. |
770 | 52,630 | ||||||
SVB Financial Group* |
137 | 55,693 | ||||||
Synchrony Financial |
1,121 | 36,713 | ||||||
T. Rowe Price Group, Inc. |
490 | 58,800 | ||||||
Travelers Cos., Inc. |
525 | 84,861 | ||||||
Truist Financial Corp. |
2,942 | 137,803 | ||||||
US Bancorp |
2,968 | 135,370 | ||||||
W.R. Berkley Corp. |
418 | 27,086 | ||||||
Wells Fargo & Co. |
8,502 | 371,622 | ||||||
Willis Towers Watson PLC |
242 | 50,053 | ||||||
|
|
|||||||
(Cost $6,675,852) |
6,900,184 | |||||||
|
|
Number |
Value |
|||||||
Health Care — 19.4% | ||||||||
Abbott Laboratories |
4,626 | $ | 474,859 | |||||
AbbVie, Inc. |
4,491 | 603,860 | ||||||
ABIOMED, Inc.* |
407 | 105,527 | ||||||
Agilent Technologies, Inc. |
1,273 | 163,262 | ||||||
Align Technology, Inc.* |
463 | 112,833 | ||||||
Alnylam Pharmaceuticals, Inc.* |
765 | 158,103 | ||||||
AmerisourceBergen Corp. |
832 | 121,938 | ||||||
Amgen, Inc. |
1,515 | 364,055 | ||||||
Avantor, Inc.* |
3,839 | 95,630 | ||||||
Baxter International, Inc. |
2,327 | 133,709 | ||||||
Becton Dickinson and Co. |
951 | 240,051 | ||||||
Biogen, Inc.* |
682 | 133,249 | ||||||
BioMarin Pharmaceutical, Inc.* |
1,323 | 118,012 | ||||||
Boston Scientific Corp.* |
5,166 | 208,241 | ||||||
Bristol-Myers Squibb Co. |
5,662 | 381,675 | ||||||
Cardinal Health, Inc. |
1,764 | 124,750 | ||||||
Catalent, Inc.* |
970 | 85,360 | ||||||
Centene Corp.* |
1,234 | 110,739 | ||||||
Cigna Corp. |
694 | 196,714 | ||||||
Cooper Cos., Inc. |
344 | 98,879 | ||||||
CVS Health Corp. |
3,769 | 369,927 | ||||||
Danaher Corp. |
1,787 | 482,329 | ||||||
DaVita, Inc.* |
126 | 10,747 | ||||||
DENTSPLY SIRONA, Inc. |
2,498 | 81,859 | ||||||
Dexcom, Inc.* |
1,850 | 152,089 | ||||||
Edwards Lifesciences Corp.* |
2,189 | 197,229 | ||||||
Elanco Animal Health, Inc.* |
4,845 | 73,305 | ||||||
Elevance Health, Inc. |
538 | 260,989 | ||||||
Eli Lilly & Co. |
2,139 | 644,331 | ||||||
Exact Sciences Corp.* |
2,100 | 74,655 | ||||||
Gilead Sciences, Inc. |
4,047 | 256,863 | ||||||
HCA Healthcare, Inc. |
490 | 96,956 | ||||||
Henry Schein, Inc.* |
1,160 | 85,156 | ||||||
Hologic, Inc.* |
1,493 | 100,867 | ||||||
Horizon Therapeutics PLC* |
1,468 | 86,920 | ||||||
Humana, Inc. |
279 | 134,417 | ||||||
IDEXX Laboratories, Inc.* |
384 | 133,486 | ||||||
Illumina, Inc.* |
732 | 147,600 | ||||||
Incyte Corp.* |
1,242 | 87,474 | ||||||
Intuitive Surgical, Inc.* |
1,178 | 242,362 | ||||||
IQVIA Holdings, Inc.* |
409 | 86,978 | ||||||
Jazz Pharmaceuticals PLC* |
598 | 92,822 | ||||||
Johnson & Johnson |
6,841 | 1,103,727 | ||||||
Laboratory Corp. of America Holdings |
105 | 23,653 | ||||||
McKesson Corp. |
518 | 190,106 | ||||||
Medtronic PLC |
3,843 | 337,877 | ||||||
Merck & Co., Inc. |
6,508 | 555,523 | ||||||
Mettler-Toledo International, Inc.* |
114 | 138,220 | ||||||
Moderna, Inc.* |
1,246 | 164,808 | ||||||
Organon & Co. |
2,652 | 75,662 | ||||||
Pfizer, Inc. |
14,123 | 638,783 | ||||||
Quest Diagnostics, Inc. |
45 | 5,639 | ||||||
Regeneron Pharmaceuticals, Inc.* |
369 | 214,411 | ||||||
ResMed, Inc. |
688 | 151,305 | ||||||
Royalty Pharma PLC, Class A |
2,592 | 108,372 | ||||||
Seagen, Inc.* |
727 | 112,169 | ||||||
STERIS PLC |
595 | 119,821 |
See Notes to Financial Statements. | 60 |
DBX ETF Trust
Schedule of Investments
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Health Care (Continued) | ||||||||
Stryker Corp. |
1,110 | $ | 227,772 | |||||
Teladoc Health, Inc.* |
77 | 2,392 | ||||||
Teleflex, Inc. |
414 | 93,672 | ||||||
Thermo Fisher Scientific, Inc. |
1,020 | 556,226 | ||||||
UnitedHealth Group, Inc. |
2,110 | 1,095,786 | ||||||
Universal Health Services, Inc., Class B |
155 | 15,165 | ||||||
Veeva Systems, Inc., Class A* |
310 | 61,789 | ||||||
Vertex Pharmaceuticals, Inc.* |
830 | 233,861 | ||||||
Viatris, Inc. |
10,191 | 97,324 | ||||||
Waters Corp.* |
301 | 89,879 | ||||||
Zimmer Biomet Holdings, Inc. |
1,205 | 128,116 | ||||||
Zoetis, Inc. |
1,505 | 235,578 | ||||||
|
|
|||||||
(Cost $15,213,232) |
14,708,443 | |||||||
|
|
|||||||
Industrials — 5.3% | ||||||||
A O Smith Corp. |
1,202 | 67,853 | ||||||
C.H. Robinson Worldwide, Inc. |
992 | 113,237 | ||||||
Carrier Global Corp. |
3,943 | 154,250 | ||||||
Copart, Inc.* |
1,141 | 136,521 | ||||||
CoStar Group, Inc.* |
896 | 62,397 | ||||||
Deere & Co. |
838 | 306,079 | ||||||
Delta Air Lines, Inc.* |
3,805 | 118,221 | ||||||
Dover Corp. |
875 | 109,340 | ||||||
Equifax, Inc. |
269 | 50,774 | ||||||
Expeditors International of Washington, Inc. |
1,107 | 113,899 | ||||||
Fastenal Co. |
2,803 | 141,075 | ||||||
FedEx Corp. |
763 | 160,848 | ||||||
JB Hunt Transport Services, Inc. |
657 | 114,331 | ||||||
Johnson Controls International PLC |
2,658 | 143,904 | ||||||
Lyft, Inc., Class A* |
6,371 | 93,845 | ||||||
Masco Corp. |
1,936 | 98,484 | ||||||
Old Dominion Freight Line, Inc. |
514 | 139,505 | ||||||
Otis Worldwide Corp. |
1,945 | 140,468 | ||||||
PACCAR, Inc. |
1,478 | 129,340 | ||||||
Rollins, Inc. |
508 | 17,150 | ||||||
Southwest Airlines Co.* |
3,360 | 123,312 | ||||||
Stanley Black & Decker, Inc. |
1,025 | 90,303 | ||||||
Trane Technologies PLC |
764 | 117,709 | ||||||
TransUnion |
418 | 30,878 | ||||||
Uber Technologies, Inc.* |
7,516 | 216,160 | ||||||
United Airlines Holdings, Inc.* |
2,597 | 90,921 | ||||||
United Parcel Service, Inc., Class B |
2,063 | 401,274 | ||||||
Verisk Analytics, Inc. |
346 | 64,757 | ||||||
W.W. Grainger, Inc. |
245 | 135,960 | ||||||
Waste Management, Inc. |
1,392 | 235,290 | ||||||
Westinghouse Air Brake Technologies Corp. |
992 | 86,949 | ||||||
|
|
|||||||
(Cost $3,817,742) |
4,005,034 | |||||||
|
|
|||||||
Information Technology — 34.1% | ||||||||
Accenture PLC, Class A |
1,488 | 429,228 | ||||||
Adobe, Inc.* |
1,061 | 396,220 | ||||||
Advanced Micro Devices, Inc.* |
4,608 | 391,081 | ||||||
Akamai Technologies, Inc.* |
363 | 32,772 | ||||||
Amdocs Ltd. |
315 | 26,923 | ||||||
Analog Devices, Inc. |
1,664 | 252,146 |
Number |
Value |
|||||||
Information Technology (Continued) | ||||||||
Apple, Inc. |
47,021 | $ | 7,392,642 | |||||
Applied Materials, Inc. |
2,800 | 263,396 | ||||||
Arista Networks, Inc.* |
1,307 | 156,683 | ||||||
Atlassian Corp. PLC, Class A* |
317 | 78,508 | ||||||
Autodesk, Inc.* |
481 | 97,037 | ||||||
Automatic Data Processing, Inc. |
933 | 228,035 | ||||||
Bill.com Holdings, Inc.* |
244 | 39,499 | ||||||
Block, Inc.* |
1,192 | 82,141 | ||||||
Broadcom, Inc. |
1,035 | 516,579 | ||||||
Broadridge Financial Solutions, Inc. |
253 | 43,306 | ||||||
Cadence Design Systems, Inc.* |
609 | 105,826 | ||||||
CDW Corp. |
247 | 42,163 | ||||||
Cisco Systems, Inc. |
8,536 | 381,730 | ||||||
Citrix Systems, Inc. |
271 | 27,851 | ||||||
Cloudflare, Inc., Class A* |
545 | 34,101 | ||||||
Cognizant Technology Solutions Corp., Class A |
1,053 | 66,518 | ||||||
Corning, Inc. |
4,058 | 139,271 | ||||||
Crowdstrike Holdings, Inc., Class A* |
462 | 84,366 | ||||||
Datadog, Inc., Class A* |
566 | 59,402 | ||||||
DocuSign, Inc.* |
427 | 24,860 | ||||||
Enphase Energy, Inc.* |
679 | 194,493 | ||||||
EPAM Systems, Inc.* |
125 | 53,313 | ||||||
Fidelity National Information Services, Inc. |
1,349 | 123,258 | ||||||
Fiserv, Inc.* |
1,335 | 135,089 | ||||||
FleetCor Technologies, Inc.* |
165 | 35,067 | ||||||
Fortinet, Inc.* |
1,599 | 77,855 | ||||||
Gartner, Inc.* |
171 | 48,790 | ||||||
Global Payments, Inc. |
618 | 76,774 | ||||||
GLOBALFOUNDRIES, Inc.* |
1,920 | 114,854 | ||||||
HP, Inc. |
4,464 | 128,161 | ||||||
HubSpot, Inc.* |
100 | 33,704 | ||||||
Intel Corp. |
11,286 | 360,249 | ||||||
Intuit, Inc. |
620 | 267,704 | ||||||
Keysight Technologies, Inc.* |
941 | 154,220 | ||||||
Lam Research Corp. |
500 | 218,955 | ||||||
Marvell Technology, Inc. |
3,591 | 168,131 | ||||||
Mastercard, Inc., Class A |
1,934 | 627,332 | ||||||
Microchip Technology, Inc. |
2,510 | 163,778 | ||||||
Micron Technology, Inc. |
3,770 | 213,118 | ||||||
Microsoft Corp. |
22,271 | 5,823,198 | ||||||
MongoDB, Inc.* |
145 | 46,815 | ||||||
Motorola Solutions, Inc. |
726 | 176,716 | ||||||
NetApp, Inc. |
1,644 | 118,582 | ||||||
NortonLifeLock, Inc. |
1,027 | 23,200 | ||||||
NVIDIA Corp. |
5,929 | 894,923 | ||||||
Okta, Inc.* |
373 | 34,092 | ||||||
Oracle Corp. |
3,387 | 251,146 | ||||||
Palantir Technologies, Inc., Class A* |
3,614 | 27,900 | ||||||
Palo Alto Networks, Inc.* |
221 | 123,055 | ||||||
Paychex, Inc. |
718 | 88,558 | ||||||
Paycom Software, Inc.* |
112 | 39,334 | ||||||
PayPal Holdings, Inc.* |
2,580 | 241,075 | ||||||
QUALCOMM, Inc. |
3,123 | 413,079 | ||||||
Salesforce, Inc.* |
2,174 | 339,405 | ||||||
Seagate Technology Holdings PLC |
1,438 | 96,288 |
See Notes to Financial Statements. | 61 |
DBX ETF Trust
Schedule of Investments
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Information Technology (Continued) | ||||||||
ServiceNow, Inc.* |
423 | $ | 183,844 | |||||
Skyworks Solutions, Inc. |
1,169 | 115,205 | ||||||
Snowflake, Inc., Class A* |
595 | 107,665 | ||||||
Splunk, Inc.* |
322 | 28,990 | ||||||
SS&C Technologies Holdings, Inc. |
519 | 28,939 | ||||||
Synopsys, Inc.* |
340 | 117,647 | ||||||
TE Connectivity Ltd. |
1,395 | 176,063 | ||||||
Teradyne, Inc. |
1,238 | 104,784 | ||||||
Texas Instruments, Inc. |
2,583 | 426,737 | ||||||
Trade Desk, Inc., Class A* |
962 | 60,317 | ||||||
Twilio, Inc., Class A* |
269 | 18,717 | ||||||
VeriSign, Inc.* |
210 | 38,266 | ||||||
Visa, Inc., Class A |
3,702 | 735,624 | ||||||
VMware, Inc., Class A |
509 | 59,059 | ||||||
Western Digital Corp.* |
2,276 | 96,184 | ||||||
Workday, Inc., Class A* |
447 | 73,558 | ||||||
Zoom Video Communications, Inc., Class A* |
404 | 32,482 | ||||||
Zscaler, Inc.* |
189 | 30,096 | ||||||
|
|
|||||||
(Cost $24,382,690) |
25,758,672 | |||||||
|
|
|||||||
Materials — 2.1% | ||||||||
Ball Corp. |
1,699 | 94,821 | ||||||
Corteva, Inc. |
3,008 | 184,781 | ||||||
Ecolab, Inc. |
1,045 | 171,202 | ||||||
FMC Corp. |
1,007 | 108,837 | ||||||
International Flavors & Fragrances, Inc. |
1,223 | 135,117 | ||||||
International Paper Co. |
2,267 | 94,353 | ||||||
Mosaic Co. |
2,326 | 125,302 | ||||||
Nucor Corp. |
1,197 | 159,129 | ||||||
Packaging Corp. of America |
723 | 98,993 | ||||||
PPG Industries, Inc. |
1,160 | 147,297 | ||||||
Sherwin-Williams Co. |
846 | 196,357 | ||||||
Southern Copper Corp. |
1,674 | 78,795 | ||||||
|
|
|||||||
(Cost $1,565,577) |
1,594,984 | |||||||
|
|
|||||||
Real Estate — 5.2% | ||||||||
Alexandria Real Estate Equities, Inc. REIT |
857 | 131,464 | ||||||
American Tower Corp. REIT |
1,344 | 341,443 | ||||||
AvalonBay Communities, Inc. REIT |
684 | 137,422 | ||||||
Boston Properties, Inc. REIT |
1,189 | 94,442 | ||||||
CBRE Group, Inc., Class A* |
596 | 47,060 | ||||||
Crown Castle, Inc. REIT |
1,409 | 240,699 |
Number |
Value |
|||||||
Real Estate (Continued) | ||||||||
Digital Realty Trust, Inc. REIT |
1,231 | $ | 152,189 | |||||
Duke Realty Corp. REIT |
2,207 | 129,882 | ||||||
Equinix, Inc. REIT |
316 | 207,729 | ||||||
Equity Residential REIT |
1,833 | 134,139 | ||||||
Essex Property Trust, Inc. REIT |
421 | 111,590 | ||||||
Extra Space Storage, Inc. REIT |
735 | 146,067 | ||||||
Healthpeak Properties, Inc. REIT |
3,974 | 104,317 | ||||||
Invitation Homes, Inc. REIT |
3,384 | 122,771 | ||||||
Iron Mountain, Inc. REIT |
2,164 | 113,848 | ||||||
Mid-America Apartment Communities, Inc. REIT |
684 | 113,318 | ||||||
Prologis, Inc. REIT |
2,292 | 285,377 | ||||||
Public Storage REIT |
583 | 192,874 | ||||||
Realty Income Corp. REIT |
2,486 | 169,744 | ||||||
SBA Communications Corp. REIT |
473 | 153,843 | ||||||
Simon Property Group, Inc. REIT |
1,540 | 157,049 | ||||||
UDR, Inc. REIT |
2,310 | 103,650 | ||||||
Ventas, Inc. REIT |
2,194 | 105,005 | ||||||
Welltower, Inc. REIT |
1,975 | 151,384 | ||||||
Weyerhaeuser Co. REIT |
3,885 | 132,712 | ||||||
WP Carey, Inc. REIT |
1,386 | 116,466 | ||||||
Zillow Group, Inc., Class A* |
62 | 2,071 | ||||||
Zillow Group, Inc., Class C* |
404 | 13,518 | ||||||
|
|
|||||||
(Cost $3,903,371) |
3,912,073 | |||||||
|
|
|||||||
Utilities — 1.2% | ||||||||
American Water Works Co., Inc. |
3,067 | 455,296 | ||||||
Edison International |
6,791 | 460,226 | ||||||
|
|
|||||||
(Cost $873,674) |
915,522 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
75,177,204 | |||||||
|
|
|||||||
CASH EQUIVALENTS — 0.5% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (a) |
349,061 | 349,061 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 99.9% (Cost $73,961,582) |
$ | 75,526,265 | ||||||
Other assets and liabilities, net — 0.1% |
111,171 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 75,637,436 | ||||||
|
|
A summary of the Fund’s transactions with affiliated investments during the period ended August 31, 2022 is as follows:
Value ($) at 6/28/2022 (Commencement of Operations) |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.5% | ||||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (a) | ||||||||||||||||||||||||||||||||||||
— | 3,399,892 | (3,050,831 | ) | — | — | 492 | — | 349,061 | 349,061 |
* |
Non-income producing security. |
(a) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
REIT: | Real Estate Investment Trust |
See Notes to Financial Statements. | 62 |
DBX ETF Trust
Schedule of Investments
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (Continued)
August 31, 2022
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Depreciation |
||||||||||||
E-Mini S&P 500 ESG Futures |
USD | 2 | $ | 357,770 | $345,040 | 9/16/2022 | $ | (12,730 | ) |
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
USD | U.S. Dollar |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 75,177,204 | $ | — | $ | — | $ | 75,177,204 | ||||||||
Short-Term Investments (a) |
349,061 | — | — | 349,061 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 75,526,265 | $ | — | $ | — | $ | 75,526,265 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (12,730 | ) | $ | — | $ | — | $ | (12,730 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | (12,730 | ) | $ | — | $ | — | $ | (12,730 | ) | ||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
See Notes to Financial Statements. | 63 |
DBX ETF Trust
Schedule of Investments
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 99.6% | ||||||||
Communication Services — 8.7% | ||||||||
Alphabet, Inc., Class A* |
186,520 | $ | 20,185,194 | |||||
Alphabet, Inc., Class C* |
171,012 | 18,665,960 | ||||||
AT&T, Inc. |
220,178 | 3,861,922 | ||||||
Charter Communications, Inc., Class A* |
3,609 | 1,489,182 | ||||||
Comcast Corp., Class A |
138,666 | 5,018,323 | ||||||
Electronic Arts, Inc. |
8,675 | 1,100,597 | ||||||
Interpublic Group of Cos., Inc. |
12,143 | 335,632 | ||||||
Omnicom Group, Inc. |
6,684 | 447,160 | ||||||
Take-Two Interactive Software, Inc.* |
4,873 | 597,235 | ||||||
Twitter, Inc.* |
24,819 | 961,736 | ||||||
Verizon Communications, Inc. |
129,660 | 5,421,085 | ||||||
Walt Disney Co.* |
56,175 | 6,296,094 | ||||||
Warner Bros Discovery, Inc.* |
68,234 | 903,418 | ||||||
|
|
|||||||
(Cost $79,264,320) |
65,283,538 | |||||||
|
|
|||||||
Consumer Discretionary — 9.5% | ||||||||
Amazon.com, Inc.* |
271,623 | 34,433,648 | ||||||
Aptiv PLC* |
8,452 | 789,670 | ||||||
Best Buy Co., Inc. |
6,282 | 444,075 | ||||||
BorgWarner, Inc. |
7,460 | 281,242 | ||||||
Caesars Entertainment, Inc.* |
6,629 | 285,843 | ||||||
Darden Restaurants, Inc. |
3,936 | 486,923 | ||||||
Dollar Tree, Inc.* |
6,914 | 938,092 | ||||||
eBay, Inc. |
17,351 | 765,700 | ||||||
Etsy, Inc.* |
3,952 | 417,371 | ||||||
Expedia Group, Inc.* |
4,663 | 478,657 | ||||||
Ford Motor Co. |
121,380 | 1,849,831 | ||||||
General Motors Co. |
44,816 | 1,712,419 | ||||||
Hasbro, Inc. |
4,042 | 318,590 | ||||||
Hilton Worldwide Holdings, Inc. |
8,610 | 1,096,570 | ||||||
Las Vegas Sands Corp.* |
10,276 | 386,686 | ||||||
Lowe’s Cos., Inc. |
20,519 | 3,983,559 | ||||||
Marriott International, Inc., Class A |
8,511 | 1,308,481 | ||||||
McDonald’s Corp. |
23,055 | 5,816,315 | ||||||
MGM Resorts International |
11,386 | 371,639 | ||||||
Mohawk Industries, Inc.* |
1,723 | 190,150 | ||||||
Newell Brands, Inc. |
11,739 | 209,541 | ||||||
NIKE, Inc., Class B |
39,387 | 4,192,746 | ||||||
PulteGroup, Inc. |
7,676 | 312,106 | ||||||
PVH Corp. |
2,128 | 119,700 | ||||||
Ralph Lauren Corp. |
1,482 | 135,351 | ||||||
Royal Caribbean Cruises Ltd.* |
6,804 | 277,943 | ||||||
Starbucks Corp. |
35,488 | 2,983,476 | ||||||
Tapestry, Inc. |
8,137 | 282,598 | ||||||
Target Corp. |
14,345 | 2,300,077 | ||||||
TJX Cos., Inc. |
36,793 | 2,294,044 | ||||||
VF Corp. |
9,940 | 412,013 | ||||||
Whirlpool Corp. |
1,825 | 285,795 | ||||||
Yum! Brands, Inc. |
8,983 | 999,269 | ||||||
|
|
|||||||
(Cost $85,084,794) |
71,160,120 | |||||||
|
|
|||||||
Consumer Staples — 6.8% | ||||||||
Archer-Daniels-Midland Co. |
17,272 | 1,518,036 | ||||||
Brown-Forman Corp., Class B |
5,722 | 415,989 | ||||||
Campbell Soup Co. |
6,257 | 315,228 | ||||||
Coca-Cola Co. |
120,932 | 7,462,714 |
Number |
Value |
|||||||
Consumer Staples (Continued) | ||||||||
Colgate-Palmolive Co. |
25,939 | $ | 2,028,689 | |||||
Conagra Brands, Inc. |
14,721 | 506,108 | ||||||
Constellation Brands, Inc., Class A |
5,059 | 1,244,767 | ||||||
Estee Lauder Cos., Inc., Class A |
7,216 | 1,835,606 | ||||||
General Mills, Inc. |
18,585 | 1,427,328 | ||||||
Hershey Co. |
4,474 | 1,005,174 | ||||||
Hormel Foods Corp. |
8,535 | 429,140 | ||||||
J M Smucker Co. |
3,384 | 473,726 | ||||||
Kellogg Co. |
7,729 | 562,208 | ||||||
Kraft Heinz Co. |
22,128 | 827,587 | ||||||
Kroger Co. |
20,642 | 989,578 | ||||||
McCormick & Co., Inc. |
7,722 | 649,189 | ||||||
Molson Coors Beverage Co., Class B |
5,872 | 303,406 | ||||||
Mondelez International, Inc., Class A |
42,754 | 2,644,762 | ||||||
PepsiCo, Inc. |
42,638 | 7,345,248 | ||||||
Procter & Gamble Co. |
74,459 | 10,270,874 | ||||||
Sysco Corp. |
15,651 | 1,286,825 | ||||||
Tyson Foods, Inc., Class A |
9,074 | 683,998 | ||||||
Walgreens Boots Alliance, Inc. |
22,212 | 778,753 | ||||||
Walmart, Inc. |
43,623 | 5,782,229 | ||||||
|
|
|||||||
(Cost $49,933,905) |
50,787,162 | |||||||
|
|
|||||||
Energy — 5.0% | ||||||||
APA Corp. |
10,490 | 410,264 | ||||||
Baker Hughes Co. |
28,108 | 710,008 | ||||||
ConocoPhillips |
40,279 | 4,408,536 | ||||||
Devon Energy Corp. |
19,297 | 1,362,754 | ||||||
EOG Resources, Inc. |
18,163 | 2,203,172 | ||||||
Exxon Mobil Corp. |
130,678 | 12,491,510 | ||||||
Halliburton Co. |
27,581 | 831,015 | ||||||
Hess Corp. |
8,474 | 1,023,490 | ||||||
Kinder Morgan, Inc. |
60,178 | 1,102,461 | ||||||
Marathon Oil Corp. |
21,925 | 561,061 | ||||||
Marathon Petroleum Corp. |
16,799 | 1,692,499 | ||||||
Occidental Petroleum Corp. |
27,243 | 1,934,253 | ||||||
ONEOK, Inc. |
13,595 | 832,422 | ||||||
Phillips 66 |
14,514 | 1,298,422 | ||||||
Pioneer Natural Resources Co. |
7,036 | 1,781,656 | ||||||
Schlumberger N.V. |
43,344 | 1,653,574 | ||||||
Valero Energy Corp. |
12,692 | 1,486,487 | ||||||
Williams Cos., Inc. |
37,722 | 1,283,680 | ||||||
|
|
|||||||
(Cost $28,403,384) |
37,067,264 | |||||||
|
|
|||||||
Financials — 10.8% | ||||||||
Aflac, Inc. |
18,722 | 1,112,461 | ||||||
Allstate Corp. |
8,616 | 1,038,228 | ||||||
American Express Co. |
18,983 | 2,885,416 | ||||||
American International Group, Inc. |
24,575 | 1,271,756 | ||||||
Ameriprise Financial, Inc. |
3,438 | 921,418 | ||||||
Assurant, Inc. |
1,763 | 279,418 | ||||||
Bank of America Corp. |
219,154 | 7,365,766 | ||||||
Bank of New York Mellon Corp. |
22,859 | 949,334 | ||||||
BlackRock, Inc. |
4,374 | 2,914,790 | ||||||
Capital One Financial Corp. |
12,193 | 1,290,263 | ||||||
Cboe Global Markets, Inc. |
3,263 | 384,936 | ||||||
Charles Schwab Corp. |
46,384 | 3,290,945 | ||||||
Chubb Ltd. |
13,290 | 2,512,475 |
See Notes to Financial Statements. | 64 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P 500 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Financials (Continued) | ||||||||
Cincinnati Financial Corp. |
4,651 | $ | 450,961 | |||||
Citigroup, Inc. |
60,264 | 2,941,486 | ||||||
CME Group, Inc. |
11,174 | 2,185,746 | ||||||
Comerica, Inc. |
3,995 | 320,799 | ||||||
Discover Financial Services |
8,959 | 900,290 | ||||||
FactSet Research Systems, Inc. |
1,177 | 510,041 | ||||||
Fifth Third Bancorp |
21,338 | 728,693 | ||||||
Franklin Resources, Inc. |
8,617 | 224,645 | ||||||
Globe Life, Inc. |
2,788 | 270,966 | ||||||
Goldman Sachs Group, Inc. |
10,623 | 3,533,953 | ||||||
Hartford Financial Services Group, Inc. |
10,444 | 671,654 | ||||||
Intercontinental Exchange, Inc. |
17,447 | 1,759,530 | ||||||
Invesco Ltd. |
10,623 | 174,961 | ||||||
JPMorgan Chase & Co. |
91,290 | 10,382,412 | ||||||
KeyCorp |
28,533 | 504,749 | ||||||
Lincoln National Corp. |
5,114 | 235,551 | ||||||
MarketAxess Holdings, Inc. |
1,166 | 289,856 | ||||||
Marsh & McLennan Cos., Inc. |
15,596 | 2,516,727 | ||||||
MetLife, Inc. |
21,537 | 1,385,475 | ||||||
Moody’s Corp. |
5,008 | 1,424,876 | ||||||
Morgan Stanley |
43,701 | 3,724,199 | ||||||
MSCI, Inc. |
2,501 | 1,123,549 | ||||||
Nasdaq, Inc. |
10,549 | 627,982 | ||||||
Northern Trust Corp. |
6,424 | 610,858 | ||||||
PNC Financial Services Group, Inc. |
12,937 | 2,044,046 | ||||||
Principal Financial Group, Inc. (a) |
7,725 | 577,521 | ||||||
Prudential Financial, Inc. |
11,569 | 1,107,732 | ||||||
Raymond James Financial, Inc. |
5,631 | 587,707 | ||||||
Regions Financial Corp. |
29,778 | 645,289 | ||||||
S&P Global, Inc. |
10,782 | 3,797,205 | ||||||
State Street Corp. |
11,340 | 775,089 | ||||||
Synchrony Financial |
16,038 | 525,245 | ||||||
T. Rowe Price Group, Inc. |
7,110 | 853,200 | ||||||
Travelers Cos., Inc. |
7,432 | 1,201,308 | ||||||
Truist Financial Corp. |
41,425 | 1,940,347 | ||||||
US Bancorp |
41,910 | 1,911,515 | ||||||
W.R. Berkley Corp. |
6,468 | 419,126 | ||||||
Willis Towers Watson PLC |
3,459 | 715,425 | ||||||
|
|
|||||||
(Cost $87,724,684) |
80,817,920 | |||||||
|
|
|||||||
Health Care — 15.1% | ||||||||
Abbott Laboratories |
54,539 | 5,598,428 | ||||||
AbbVie, Inc. |
54,562 | 7,336,407 | ||||||
Agilent Technologies, Inc. |
9,268 | 1,188,621 | ||||||
AmerisourceBergen Corp. |
4,689 | 687,220 | ||||||
Amgen, Inc. |
16,587 | 3,985,856 | ||||||
Baxter International, Inc. |
15,700 | 902,122 | ||||||
Becton Dickinson and Co. |
8,777 | 2,215,490 | ||||||
Biogen, Inc.* |
4,498 | 878,819 | ||||||
Bio-Rad Laboratories, Inc., Class A* |
617 | 299,270 | ||||||
Boston Scientific Corp.* |
43,918 | 1,770,335 | ||||||
Bristol-Myers Squibb Co. |
66,107 | 4,456,273 | ||||||
Cardinal Health, Inc. |
8,536 | 603,666 | ||||||
Catalent, Inc.* |
5,561 | 489,368 | ||||||
Centene Corp.* |
18,112 | 1,625,371 | ||||||
Charles River Laboratories International, Inc.* |
1,580 | 324,295 |
Number |
Value |
|||||||
Health Care (Continued) | ||||||||
Cigna Corp. |
9,825 | $ | 2,784,896 | |||||
CVS Health Corp. |
40,496 | 3,974,682 | ||||||
DaVita, Inc.* |
1,855 | 158,213 | ||||||
Edwards Lifesciences Corp.* |
19,399 | 1,747,850 | ||||||
Elevance Health, Inc. |
7,490 | 3,633,474 | ||||||
Eli Lilly & Co. |
24,501 | 7,380,436 | ||||||
Gilead Sciences, Inc. |
38,680 | 2,455,020 | ||||||
Henry Schein, Inc.* |
4,163 | 305,606 | ||||||
Hologic, Inc.* |
7,709 | 520,820 | ||||||
Humana, Inc. |
4,003 | 1,928,565 | ||||||
IDEXX Laboratories, Inc.* |
2,620 | 910,764 | ||||||
Illumina, Inc.* |
4,779 | 963,638 | ||||||
Laboratory Corp. of America Holdings |
2,831 | 637,739 | ||||||
McKesson Corp. |
4,518 | 1,658,106 | ||||||
Medtronic PLC |
41,475 | 3,646,482 | ||||||
Merck & Co., Inc. |
78,460 | 6,697,346 | ||||||
Mettler-Toledo International, Inc.* |
701 | 849,934 | ||||||
Moderna, Inc.* |
10,949 | 1,448,224 | ||||||
Organon & Co. |
7,969 | 227,356 | ||||||
PerkinElmer, Inc. |
3,973 | 536,593 | ||||||
Pfizer, Inc. |
174,168 | 7,877,619 | ||||||
Quest Diagnostics, Inc. |
3,761 | 471,291 | ||||||
Regeneron Pharmaceuticals, Inc.* |
3,318 | 1,927,957 | ||||||
Thermo Fisher Scientific, Inc. |
12,159 | 6,630,546 | ||||||
UnitedHealth Group, Inc. |
29,059 | 15,091,210 | ||||||
Vertex Pharmaceuticals, Inc.* |
7,851 | 2,212,098 | ||||||
Viatris, Inc. |
37,379 | 356,969 | ||||||
Waters Corp.* |
1,858 | 554,799 | ||||||
West Pharmaceutical Services, Inc. |
2,276 | 675,266 | ||||||
Zoetis, Inc. |
14,684 | 2,298,487 | ||||||
|
|
|||||||
(Cost $109,996,998) |
112,923,527 | |||||||
|
|
|||||||
Industrials — 6.3% | ||||||||
American Airlines Group, Inc.* |
20,198 | 262,372 | ||||||
Carrier Global Corp. |
26,547 | 1,038,519 | ||||||
Caterpillar, Inc. |
16,689 | 3,082,625 | ||||||
Cintas Corp. |
2,745 | 1,116,776 | ||||||
CSX Corp. |
68,389 | 2,164,512 | ||||||
Cummins, Inc. |
4,375 | 942,244 | ||||||
Deere & Co. |
8,647 | 3,158,317 | ||||||
Dover Corp. |
4,430 | 553,573 | ||||||
Eaton Corp. PLC |
12,320 | 1,683,405 | ||||||
Emerson Electric Co. |
18,344 | 1,499,439 | ||||||
Fastenal Co. |
17,747 | 893,206 | ||||||
FedEx Corp. |
7,516 | 1,584,448 | ||||||
Fortive Corp. |
10,862 | 687,890 | ||||||
Generac Holdings, Inc.* |
1,952 | 430,240 | ||||||
General Electric Co. |
33,921 | 2,491,158 | ||||||
IDEX Corp. |
2,324 | 467,612 | ||||||
Illinois Tool Works, Inc. |
8,848 | 1,723,856 | ||||||
Ingersoll Rand, Inc. |
12,588 | 596,294 | ||||||
JB Hunt Transport Services, Inc. |
2,610 | 454,192 | ||||||
Johnson Controls International PLC |
21,640 | 1,171,590 | ||||||
Nielsen Holdings PLC |
10,765 | 299,698 | ||||||
Nordson Corp. |
1,701 | 386,416 | ||||||
Otis Worldwide Corp. |
13,175 | 951,498 | ||||||
PACCAR, Inc. |
10,598 | 927,431 |
See Notes to Financial Statements. | 65 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P 500 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Industrials (Continued) | ||||||||
Parker-Hannifin Corp. |
3,941 | $ | 1,044,365 | |||||
Pentair PLC |
5,060 | 225,170 | ||||||
Republic Services, Inc. |
6,378 | 910,268 | ||||||
Robert Half International, Inc. |
3,383 | 260,390 | ||||||
Rockwell Automation, Inc. |
3,583 | 848,956 | ||||||
Snap-on, Inc. |
1,614 | 351,626 | ||||||
Stanley Black & Decker, Inc. |
4,975 | 438,297 | ||||||
Trane Technologies PLC |
7,309 | 1,126,098 | ||||||
Union Pacific Corp. |
19,653 | 4,412,295 | ||||||
United Parcel Service, Inc., Class B |
22,769 | 4,428,798 | ||||||
United Rentals, Inc.* |
2,252 | 657,674 | ||||||
Verisk Analytics, Inc. |
4,951 | 926,629 | ||||||
Waste Management, Inc. |
11,903 | 2,011,964 | ||||||
Westinghouse Air Brake Technologies Corp. |
5,868 | 514,330 | ||||||
Xylem, Inc. |
5,483 | 499,501 | ||||||
|
|
|||||||
(Cost $49,198,253) |
47,223,672 | |||||||
|
|
|||||||
Information Technology — 30.3% | ||||||||
Adobe, Inc.* |
14,552 | 5,434,299 | ||||||
Advanced Micro Devices, Inc.* |
50,425 | 4,279,570 | ||||||
ANSYS, Inc.* |
2,739 | 680,094 | ||||||
Apple, Inc. |
476,911 | 74,979,947 | ||||||
Applied Materials, Inc. |
27,372 | 2,574,884 | ||||||
Arista Networks, Inc.* |
6,891 | 826,093 | ||||||
Autodesk, Inc.* |
6,814 | 1,374,656 | ||||||
CDW Corp. |
4,212 | 718,988 | ||||||
Cisco Systems, Inc. |
128,852 | 5,762,261 | ||||||
Corning, Inc. |
23,048 | 791,007 | ||||||
Hewlett Packard Enterprise Co. |
40,454 | 550,174 | ||||||
HP, Inc. |
33,342 | 957,249 | ||||||
Intel Corp. |
126,915 | 4,051,127 | ||||||
Intuit, Inc. |
8,733 | 3,770,735 | ||||||
Juniper Networks, Inc. |
10,011 | 284,513 | ||||||
Keysight Technologies, Inc.* |
5,633 | 923,192 | ||||||
Lam Research Corp. |
4,306 | 1,885,640 | ||||||
Mastercard, Inc., Class A |
26,625 | 8,636,351 | ||||||
Micron Technology, Inc. |
34,712 | 1,962,269 | ||||||
Microsoft Corp. |
231,978 | 60,655,288 | ||||||
Motorola Solutions, Inc. |
5,251 | 1,278,146 | ||||||
NortonLifeLock, Inc. |
17,711 | 400,092 | ||||||
NVIDIA Corp. |
77,685 | 11,725,774 | ||||||
Oracle Corp. |
48,631 | 3,605,989 | ||||||
QUALCOMM, Inc. |
34,781 | 4,600,483 | ||||||
Roper Technologies, Inc. |
3,248 | 1,307,580 | ||||||
Salesforce, Inc.* |
30,768 | 4,803,500 | ||||||
Seagate Technology Holdings PLC |
6,223 | 416,692 | ||||||
TE Connectivity Ltd. |
10,050 | 1,268,411 | ||||||
Texas Instruments, Inc. |
28,494 | 4,707,494 | ||||||
Trimble, Inc.* |
7,722 | 488,417 | ||||||
Tyler Technologies, Inc.* |
1,272 | 472,561 | ||||||
Visa, Inc., Class A (a) |
51,178 | 10,169,580 | ||||||
Zebra Technologies Corp., Class A* |
1,635 | 493,181 | ||||||
|
|
|||||||
(Cost $239,436,286) |
226,836,237 | |||||||
|
|
|||||||
Materials — 2.6% | ||||||||
Air Products and Chemicals, Inc. |
6,850 | 1,729,282 | ||||||
Albemarle Corp. |
3,610 | 967,336 |
Number |
Value |
|||||||
Materials (Continued) | ||||||||
Amcor PLC |
47,267 | $ | 567,677 | |||||
Ball Corp. |
10,234 | 571,160 | ||||||
CF Industries Holdings, Inc. |
6,529 | 675,490 | ||||||
Corteva, Inc. |
22,425 | 1,377,568 | ||||||
Dow, Inc. |
22,719 | 1,158,669 | ||||||
Ecolab, Inc. |
7,691 | 1,260,016 | ||||||
FMC Corp. |
3,906 | 422,160 | ||||||
Freeport-McMoRan, Inc. |
45,361 | 1,342,686 | ||||||
International Flavors & Fragrances, Inc. |
7,815 | 863,401 | ||||||
International Paper Co. |
11,817 | 491,824 | ||||||
Linde PLC |
15,613 | 4,416,293 | ||||||
LyondellBasell Industries NV, Class A |
8,043 | 667,569 | ||||||
Mosaic Co. |
11,547 | 622,037 | ||||||
Newmont Corp. |
24,603 | 1,017,580 | ||||||
PPG Industries, Inc. |
7,307 | 927,843 | ||||||
Westrock Co. |
8,158 | 331,133 | ||||||
|
|
|||||||
(Cost $21,054,106) |
19,409,724 | |||||||
|
|
|||||||
Real Estate — 2.7% | ||||||||
Alexandria Real Estate Equities, Inc. REIT |
4,532 | 695,209 | ||||||
American Tower Corp. REIT |
14,407 | 3,660,098 | ||||||
AvalonBay Communities, Inc. REIT |
4,301 | 864,114 | ||||||
Boston Properties, Inc. REIT |
4,325 | 343,535 | ||||||
CBRE Group, Inc., Class A* |
10,307 | 813,841 | ||||||
Digital Realty Trust, Inc. REIT |
8,762 | 1,083,246 | ||||||
Equinix, Inc. REIT |
2,837 | 1,864,959 | ||||||
Equity Residential REIT |
10,696 | 782,733 | ||||||
Essex Property Trust, Inc. REIT |
2,007 | 531,975 | ||||||
Extra Space Storage, Inc. REIT |
4,083 | 811,415 | ||||||
Federal Realty Investment Trust REIT |
2,199 | 222,693 | ||||||
Healthpeak Properties, Inc. REIT |
16,455 | 431,944 | ||||||
Host Hotels & Resorts, Inc. REIT |
22,056 | 391,935 | ||||||
Iron Mountain, Inc. REIT |
9,026 | 474,858 | ||||||
Kimco Realty Corp. REIT |
18,580 | 391,666 | ||||||
Prologis, Inc. REIT |
23,052 | 2,870,205 | ||||||
Regency Centers Corp. REIT |
4,625 | 281,385 | ||||||
Simon Property Group, Inc. REIT |
10,150 | 1,035,097 | ||||||
UDR, Inc. REIT |
9,304 | 417,470 | ||||||
Ventas, Inc. REIT |
12,213 | 584,514 | ||||||
Vornado Realty Trust REIT (a) |
4,953 | 129,868 | ||||||
Welltower, Inc. REIT |
14,156 | 1,085,057 | ||||||
Weyerhaeuser Co. REIT |
22,934 | 783,425 | ||||||
|
|
|||||||
(Cost $22,328,035) |
20,551,242 | |||||||
|
|
|||||||
Utilities — 1.8% | ||||||||
American Water Works Co., Inc. |
5,690 | 844,681 | ||||||
Consolidated Edison, Inc. |
10,944 | 1,069,667 | ||||||
Edison International |
11,751 | 796,365 | ||||||
Entergy Corp. |
6,227 | 717,973 | ||||||
Eversource Energy |
10,667 | 956,723 | ||||||
Exelon Corp. |
30,546 | 1,341,275 | ||||||
NextEra Energy, Inc. |
60,456 | 5,142,387 | ||||||
Public Service Enterprise Group, Inc. |
15,658 | 1,007,749 | ||||||
Sempra Energy |
9,952 | 1,641,781 | ||||||
|
|
|||||||
(Cost $12,450,999) |
13,518,601 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
745,579,007 | |||||||
|
|
See Notes to Financial Statements. | 66 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P 500 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
CASH EQUIVALENTS — 0.2% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (b) |
1,156,171 | $ | 1,156,171 | |||||
|
|
|||||||
TOTAL INVESTMENTS — 99.8% (Cost $786,031,935) |
$ | 746,735,178 | ||||||
Other assets and liabilities, net — 0.2% |
1,129,970 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 747,865,148 | ||||||
|
|
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at 8/31/2021 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.0% |
|
|||||||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (b)(c) |
| |||||||||||||||||||||||||||||||||||
107,727 | — | (107,727 | )(d) | — | — | 23 | — | — | — | |||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.2% |
| |||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) |
| |||||||||||||||||||||||||||||||||||
1,353,973 | 15,370,028 | (15,567,830 | ) | — | — | 4,262 | — | 1,156,171 | 1,156,171 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
1,461,700 | 15,370,028 | (15,675,557 | ) | — | — | 4,285 | — | 1,156,171 | 1,156,171 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $9,620,118, which is 1.3% of net assets. |
(b) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(c) |
Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $9,947,642. |
(d) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
REIT: | Real Estate Investment Trust |
At August 31, 2022, open futures contracts purchased were as follows:
Contract Description |
Currency | Number of Contracts |
Notional Amount |
Contract Value |
Expiration Date |
Unrealized Appreciation (Depreciation) |
||||||||||||
E-Mini S&P 500 ESG Futures |
USD | 9 | $ | 1,612,467 | $ | 1,552,680 | 9/16/2022 | $ | (59,787 | ) | ||||||||
S&P 500 E-Mini Futures |
USD | 3 | 571,507 | 593,475 | 9/16/2022 | 21,968 | ||||||||||||
|
|
|||||||||||||||||
Total net unrealized depreciation |
$ | (37,819 | ) | |||||||||||||||
|
|
For information on the Fund’s policy and additional disclosures regarding open futures contracts, please refer to the Derivatives section of Note 2 in the accompanying Notes to Financial Statements.
Currency Abbreviations
USD | U.S. Dollar |
See Notes to Financial Statements. | 67 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P 500 ESG ETF (Continued)
August 31, 2022
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 745,579,007 | $ | — | $ | — | $ | 745,579,007 | ||||||||
Short-Term Investments (a) |
1,156,171 | — | — | 1,156,171 | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
21,968 | — | — | 21,968 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 746,757,146 | $ | — | $ | — | $ | 746,757,146 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Derivatives (b) |
||||||||||||||||
Futures Contracts |
$ | (59,787 | ) | $ | — | $ | — | $ | (59,787 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | (59,787 | ) | $ | — | $ | — | $ | (59,787 | ) | ||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
(b) |
Derivatives include unrealized appreciation (depreciation) on open futures contracts and forward foreign currency contracts. |
See Notes to Financial Statements. | 68 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P MidCap 400 ESG ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 99.4% | ||||||||
Communication Services — 1.6% | ||||||||
Cable One, Inc. |
38 | $ | 43,130 | |||||
John Wiley & Sons, Inc., Class A |
319 | 14,683 | ||||||
New York Times Co., Class A |
1,285 | 39,180 | ||||||
TEGNA, Inc. |
1,717 | 36,744 | ||||||
TripAdvisor, Inc.* |
785 | 18,683 | ||||||
Ziff Davis, Inc.* |
353 | 27,280 | ||||||
|
|
|||||||
(Cost $233,377) |
179,700 | |||||||
|
|
|||||||
Consumer Discretionary — 14.9% | ||||||||
Adient PLC* |
743 | 24,668 | ||||||
American Eagle Outfitters, Inc. |
1,200 | 13,512 | ||||||
AutoNation, Inc.* (a) |
276 | 34,390 | ||||||
Boyd Gaming Corp. |
625 | 34,019 | ||||||
Brunswick Corp. |
585 | 43,705 | ||||||
Capri Holdings Ltd.* |
1,126 | 53,125 | ||||||
Carter’s, Inc. |
309 | 22,820 | ||||||
Columbia Sportswear Co. |
252 | 17,952 | ||||||
Cracker Barrel Old Country Store, Inc. |
172 | 18,566 | ||||||
Crocs, Inc.* |
462 | 34,049 | ||||||
Dana, Inc. |
1,055 | 16,321 | ||||||
Deckers Outdoor Corp.* |
210 | 67,530 | ||||||
Dick’s Sporting Goods, Inc. |
446 | 47,441 | ||||||
Five Below, Inc.* (a) |
425 | 54,349 | ||||||
Foot Locker, Inc. |
639 | 23,541 | ||||||
Gap, Inc. |
1,557 | 14,231 | ||||||
Goodyear Tire & Rubber Co.* |
2,107 | 29,561 | ||||||
Graham Holdings Co., Class B |
32 | 18,094 | ||||||
Grand Canyon Education, Inc.* |
241 | 19,613 | ||||||
H&R Block, Inc. |
1,203 | 54,135 | ||||||
Hanesbrands, Inc. (a) |
2,675 | 23,299 | ||||||
Harley-Davidson, Inc. |
1,135 | 43,777 | ||||||
KB Home |
653 | 18,708 | ||||||
Kohl’s Corp. |
1,020 | 28,988 | ||||||
Lear Corp. |
458 | 63,497 | ||||||
Leggett & Platt, Inc. |
1,002 | 38,296 | ||||||
Lithia Motors, Inc. |
225 | 59,724 | ||||||
Macy’s, Inc. |
2,199 | 38,087 | ||||||
Marriott Vacations Worldwide Corp. |
312 | 44,435 | ||||||
Nordstrom, Inc. |
872 | 14,920 | ||||||
Papa John’s International, Inc. |
250 | 20,208 | ||||||
Polaris, Inc. (a) |
430 | 48,706 | ||||||
RH* (a) |
132 | 33,780 | ||||||
Service Corp. International |
1,204 | 74,299 | ||||||
Taylor Morrison Home Corp.* |
899 | 22,574 | ||||||
Tempur Sealy International, Inc. |
1,354 | 33,864 | ||||||
Texas Roadhouse, Inc. |
524 | 46,510 | ||||||
Thor Industries, Inc. (a) |
425 | 34,429 | ||||||
Toll Brothers, Inc. |
860 | 37,659 | ||||||
Callaway Golf Co.* |
857 | 18,965 | ||||||
Travel + Leisure Co. |
662 | 28,069 | ||||||
Visteon Corp.* |
225 | 26,962 | ||||||
Wendy’s Co. |
1,292 | 24,781 | ||||||
Williams-Sonoma, Inc. (a) |
532 | 79,135 | ||||||
Wingstop, Inc. (a) |
235 | 26,757 | ||||||
Wyndham Hotels & Resorts, Inc. |
701 | 45,803 |
Number |
Value |
|||||||
Consumer Discretionary (Continued) | ||||||||
YETI Holdings, Inc.* |
641 | $ | 23,646 | |||||
|
|
|||||||
(Cost $1,841,179) |
1,641,500 | |||||||
|
|
|||||||
Consumer Staples — 3.4% | ||||||||
BJ’s Wholesale Club Holdings, Inc.* |
1,025 | 76,352 | ||||||
Coty, Inc., Class A* |
2,670 | 20,052 | ||||||
Darling Ingredients, Inc.* |
1,232 | 93,706 | ||||||
Flowers Foods, Inc. |
1,559 | 42,561 | ||||||
Grocery Outlet Holding Corp.* (a) |
680 | 27,281 | ||||||
Hain Celestial Group, Inc.* |
668 | 13,534 | ||||||
Ingredion, Inc. |
510 | 44,406 | ||||||
Nu Skin Enterprises, Inc., Class A |
396 | 16,212 | ||||||
Pilgrim’s Pride Corp.* |
356 | 10,135 | ||||||
Sprouts Farmers Market, Inc.* |
821 | 23,727 | ||||||
|
|
|||||||
(Cost $334,335) |
367,966 | |||||||
|
|
|||||||
Energy — 4.6% | ||||||||
CNX Resources Corp.* (a) |
1,481 | 26,169 | ||||||
EQT Corp. |
2,250 | 107,550 | ||||||
Equitrans Midstream Corp. |
3,174 | 29,423 | ||||||
HF Sinclair Corp. |
1,145 | 60,262 | ||||||
Murphy Oil Corp. |
1,130 | 44,036 | ||||||
NOV, Inc. |
2,990 | 52,833 | ||||||
Range Resources Corp.* |
1,977 | 64,964 | ||||||
Targa Resources Corp. |
1,748 | 119,266 | ||||||
|
|
|||||||
(Cost $403,927) |
504,503 | |||||||
|
|
|||||||
Financials — 15.9% | ||||||||
Affiliated Managers Group, Inc. |
298 | 37,953 | ||||||
Alleghany Corp.* |
105 | 88,324 | ||||||
Associated Banc-Corp. |
1,170 | 23,447 | ||||||
Bank of Hawaii Corp. |
310 | 24,186 | ||||||
Bank OZK |
870 | 35,261 | ||||||
Bread Financial Holdings, Inc. |
400 | 15,372 | ||||||
Brighthouse Financial, Inc.* |
570 | 27,104 | ||||||
Cadence Bank |
1,378 | 35,111 | ||||||
CNO Financial Group, Inc. |
880 | 16,201 | ||||||
Commerce Bancshares, Inc. |
863 | 59,349 | ||||||
East West Bancorp, Inc. |
1,080 | 77,944 | ||||||
Evercore, Inc., Class A |
306 | 28,669 | ||||||
First American Financial Corp. |
827 | 44,245 | ||||||
First Horizon Corp. |
4,119 | 93,172 | ||||||
FNB Corp. |
2,600 | 30,992 | ||||||
Fulton Financial Corp. |
1,278 | 20,742 | ||||||
Hancock Whitney Corp. |
655 | 31,591 | ||||||
Hanover Insurance Group, Inc. |
267 | 34,547 | ||||||
Janus Henderson Group PLC |
1,287 | 30,116 | ||||||
Jefferies Financial Group, Inc. |
1,480 | 47,493 | ||||||
Kemper Corp. |
478 | 21,988 | ||||||
Kinsale Capital Group, Inc. |
166 | 42,094 | ||||||
MGIC Investment Corp. |
2,343 | 33,482 | ||||||
Navient Corp. |
1,126 | 17,329 | ||||||
Old National Bancorp. |
2,244 | 37,452 | ||||||
PacWest Bancorp |
875 | 23,039 | ||||||
Pinnacle Financial Partners, Inc. |
575 | 46,408 | ||||||
Primerica, Inc. |
288 | 36,504 | ||||||
Prosperity Bancshares, Inc. |
697 | 49,403 | ||||||
Reinsurance Group of America, Inc. |
511 | 64,059 |
See Notes to Financial Statements. | 69 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P MidCap 400 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Financials (Continued) | ||||||||
RenaissanceRe Holdings Ltd. |
342 | $ | 46,259 | |||||
SEI Investments Co. |
795 | 43,487 | ||||||
Selective Insurance Group, Inc. |
452 | 35,898 | ||||||
SLM Corp. |
2,040 | 31,171 | ||||||
Stifel Financial Corp. |
823 | 48,812 | ||||||
Synovus Financial Corp. |
1,095 | 43,975 | ||||||
Texas Capital Bancshares, Inc.* |
400 | 23,612 | ||||||
UMB Financial Corp. |
330 | 29,525 | ||||||
Umpqua Holdings Corp. |
1,685 | 29,892 | ||||||
Unum Group |
1,532 | 57,986 | ||||||
Valley National Bancorp |
3,157 | 36,684 | ||||||
Voya Financial, Inc. |
780 | 47,993 | ||||||
Webster Financial Corp. |
1,346 | 63,329 | ||||||
Wintrust Financial Corp. |
465 | 39,218 | ||||||
|
|
|||||||
(Cost $1,787,904) |
1,751,418 | |||||||
|
|
|||||||
Health Care — 9.7% | ||||||||
Acadia Healthcare Co., Inc.* |
700 | 57,351 | ||||||
Amedisys, Inc.* |
249 | 29,494 | ||||||
Arrowhead Pharmaceuticals, Inc.* |
816 | 32,403 | ||||||
Azenta, Inc. |
565 | 29,781 | ||||||
Encompass Health Corp. |
749 | 36,379 | ||||||
Enovis Corp.* |
360 | 18,234 | ||||||
Envista Holdings Corp.* |
1,250 | 46,362 | ||||||
Exelixis, Inc.* |
2,461 | 43,658 | ||||||
Haemonetics Corp.* |
390 | 29,262 | ||||||
Halozyme Therapeutics, Inc.* (a) |
1,050 | 42,767 | ||||||
HealthEquity, Inc.* |
653 | 43,150 | ||||||
ICU Medical, Inc.* |
152 | 24,168 | ||||||
Integra LifeSciences Holdings Corp.* |
550 | 26,241 | ||||||
Jazz Pharmaceuticals PLC* |
474 | 73,574 | ||||||
LHC Group, Inc.* |
232 | 37,461 | ||||||
LivaNova PLC* |
410 | 23,063 | ||||||
Neurocrine Biosciences, Inc.* |
730 | 76,380 | ||||||
NuVasive, Inc.* |
400 | 17,004 | ||||||
Patterson Cos., Inc. |
684 | 19,077 | ||||||
Penumbra, Inc.* |
267 | 43,833 | ||||||
Perrigo Co. PLC |
1,050 | 39,291 | ||||||
Progyny, Inc.* |
539 | 21,673 | ||||||
QuidelOrtho Corp.* |
388 | 30,753 | ||||||
R1 RCM, Inc.* |
1,040 | 22,724 | ||||||
STAAR Surgical Co.* |
371 | 35,093 | ||||||
Syneos Health, Inc.* |
782 | 47,006 | ||||||
Tenet Healthcare Corp.* |
820 | 46,330 | ||||||
United Therapeutics Corp.* |
348 | 78,864 | ||||||
|
|
|||||||
(Cost $1,164,581) |
1,071,376 | |||||||
|
|
|||||||
Industrials — 19.1% | ||||||||
Acuity Brands, Inc. |
270 | 44,261 | ||||||
AECOM |
1,075 | 78,636 | ||||||
AGCO Corp. |
469 | 50,985 | ||||||
Avis Budget Group, Inc.* |
265 | 44,356 | ||||||
Axon Enterprise, Inc.* |
545 | 63,591 | ||||||
Brink’s Co. |
359 | 19,846 | ||||||
Carlisle Cos., Inc. |
396 | 117,081 | ||||||
Chart Industries, Inc.* |
273 | 52,924 | ||||||
Clean Harbors, Inc.* |
385 | 45,207 |
Number |
Value |
|||||||
Industrials (Continued) | ||||||||
Donaldson Co., Inc. |
952 | $ | 48,885 | |||||
EMCOR Group, Inc. |
395 | 46,973 | ||||||
EnerSys |
302 | 18,836 | ||||||
Flowserve Corp. |
1,000 | 30,470 | ||||||
FTI Consulting, Inc.* |
260 | 41,756 | ||||||
Graco, Inc. |
1,290 | 82,354 | ||||||
Hubbell, Inc. |
408 | 84,170 | ||||||
IAA, Inc.* |
1,023 | 38,117 | ||||||
Insperity, Inc. |
273 | 29,762 | ||||||
ITT, Inc. |
645 | 46,782 | ||||||
Kennametal, Inc. |
608 | 14,252 | ||||||
Kirby Corp.* |
453 | 30,378 | ||||||
Knight-Swift Transportation Holdings, Inc. |
1,240 | 62,632 | ||||||
Lennox International, Inc. |
252 | 60,510 | ||||||
Lincoln Electric Holdings, Inc. |
445 | 60,827 | ||||||
ManpowerGroup, Inc. |
396 | 29,035 | ||||||
MasTec, Inc.* (a) |
430 | 34,615 | ||||||
Middleby Corp.* |
420 | 60,404 | ||||||
MillerKnoll, Inc. |
597 | 16,525 | ||||||
MSA Safety, Inc. |
280 | 33,281 | ||||||
nVent Electric PLC |
1,270 | 41,859 | ||||||
Owens Corning |
745 | 60,889 | ||||||
Regal Rexnord Corp. |
510 | 70,171 | ||||||
Ryder System, Inc. |
398 | 30,423 | ||||||
Saia, Inc.* |
205 | 42,400 | ||||||
Stericycle, Inc.* |
712 | 35,664 | ||||||
Sunrun, Inc.* (a) |
1,625 | 53,674 | ||||||
Terex Corp. |
510 | 16,942 | ||||||
Tetra Tech, Inc. |
420 | 57,040 | ||||||
Timken Co. |
505 | 31,810 | ||||||
Toro Co. |
800 | 66,344 | ||||||
Trex Co., Inc.* |
864 | 40,427 | ||||||
Univar Solutions, Inc.* |
1,325 | 33,417 | ||||||
Valmont Industries, Inc. |
164 | 45,398 | ||||||
Watts Water Technologies, Inc., Class A |
215 | 29,782 | ||||||
Werner Enterprises, Inc. |
438 | 17,428 | ||||||
XPO Logistics, Inc.* |
764 | 40,049 | ||||||
|
|
|||||||
(Cost $2,054,556) |
2,101,168 | |||||||
|
|
|||||||
Information Technology — 12.5% | ||||||||
ACI Worldwide, Inc.* |
859 | 20,358 | ||||||
Amkor Technology, Inc. |
794 | 15,983 | ||||||
Arrow Electronics, Inc.* |
498 | 52,195 | ||||||
Avnet, Inc. |
755 | 33,137 | ||||||
Belden, Inc. |
328 | 21,477 | ||||||
Calix, Inc.* |
430 | 25,305 | ||||||
Ciena Corp.* |
1,185 | 60,127 | ||||||
Cirrus Logic, Inc.* |
440 | 33,744 | ||||||
CommVault Systems, Inc.* |
326 | 17,699 | ||||||
Envestnet, Inc.* |
417 | 21,838 | ||||||
Fair Isaac Corp.* |
200 | 89,880 | ||||||
First Solar, Inc.* |
760 | 96,938 | ||||||
Genpact Ltd. |
1,298 | 60,980 | ||||||
Jabil, Inc. |
1,073 | 64,702 | ||||||
Littelfuse, Inc. |
195 | 46,258 | ||||||
Lumentum Holdings, Inc.* (a) |
530 | 44,281 |
See Notes to Financial Statements. | 70 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P MidCap 400 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Information Technology (Continued) | ||||||||
Manhattan Associates, Inc.* |
485 | $ | 68,511 | |||||
Maximus, Inc. |
475 | 28,780 | ||||||
National Instruments Corp. |
1,004 | 39,919 | ||||||
Paylocity Holding Corp.* |
305 | 73,505 | ||||||
Power Integrations, Inc. |
450 | 32,189 | ||||||
Semtech Corp.* |
490 | 22,633 | ||||||
Silicon Laboratories, Inc.* |
280 | 35,092 | ||||||
Synaptics, Inc.* |
305 | 35,261 | ||||||
TD SYNNEX Corp. |
317 | 30,521 | ||||||
Teradata Corp.* |
794 | 26,123 | ||||||
Universal Display Corp. |
335 | 37,430 | ||||||
Vishay Intertechnology, Inc. |
971 | 19,100 | ||||||
Western Union Co. |
2,945 | 43,645 | ||||||
WEX, Inc.* |
344 | 53,062 | ||||||
Wolfspeed, Inc.* |
940 | 106,662 | ||||||
Xerox Holdings Corp. |
898 | 14,925 | ||||||
|
|
|||||||
(Cost $1,398,083) |
1,372,260 | |||||||
|
|
|||||||
Materials — 6.9% | ||||||||
Alcoa Corp. |
1,405 | 69,519 | ||||||
AptarGroup, Inc. |
505 | 51,919 | ||||||
Ashland, Inc. |
387 | 39,381 | ||||||
Avient Corp. |
710 | 31,119 | ||||||
Cabot Corp. |
440 | 31,667 | ||||||
Chemours Co. |
1,170 | 39,464 | ||||||
Cleveland-Cliffs, Inc.* |
3,658 | 63,174 | ||||||
Commercial Metals Co. |
940 | 38,079 | ||||||
Greif, Inc., Class A |
199 | 13,343 | ||||||
Ingevity Corp.* |
287 | 20,130 | ||||||
Louisiana-Pacific Corp. |
630 | 34,165 | ||||||
Minerals Technologies, Inc. |
243 | 14,157 | ||||||
NewMarket Corp. |
50 | 14,360 | ||||||
Scotts Miracle-Gro Co. (a) |
310 | 20,755 | ||||||
Sensient Technologies Corp. |
330 | 26,291 | ||||||
Sonoco Products Co. |
750 | 47,265 | ||||||
Steel Dynamics, Inc. |
1,376 | 111,071 | ||||||
United States Steel Corp. |
2,000 | 45,740 | ||||||
Valvoline, Inc. |
1,370 | 39,826 | ||||||
Worthington Industries, Inc. |
239 | 12,187 | ||||||
|
|
|||||||
(Cost $773,134) |
763,612 | |||||||
|
|
|||||||
Real Estate — 8.6% | ||||||||
Brixmor Property Group, Inc. REIT |
2,297 | 49,339 | ||||||
Corporate Office Properties Trust REIT |
865 | 22,351 | ||||||
Cousins Properties, Inc. REIT |
1,130 | 30,340 | ||||||
Douglas Emmett, Inc. REIT |
1,334 | 26,040 | ||||||
EastGroup Properties, Inc. REIT |
318 | 52,479 | ||||||
First Industrial Realty Trust, Inc. REIT |
1,013 | 51,339 | ||||||
Highwoods Properties, Inc. REIT |
807 | 24,541 | ||||||
Hudson Pacific Properties, Inc. REIT |
1,115 | 14,729 | ||||||
JBG SMITH Properties REIT |
835 | 18,345 | ||||||
Jones Lang LaSalle, Inc.* |
380 | 65,740 | ||||||
Kilroy Realty Corp. REIT |
795 | 38,772 | ||||||
Lamar Advertising Co., Class A REIT |
665 | 62,437 | ||||||
Life Storage, Inc. REIT |
640 | 81,440 | ||||||
Macerich Co. REIT |
1,759 | 16,834 | ||||||
Medical Properties Trust, Inc. REIT |
4,568 | 66,738 |
Number |
Value |
|||||||
Real Estate (Continued) | ||||||||
National Storage Affiliates Trust REIT |
634 | $ | 32,030 | |||||
Park Hotels & Resorts, Inc. REIT |
1,830 | 25,620 | ||||||
Pebblebrook Hotel Trust REIT |
961 | 16,933 | ||||||
Physicians Realty Trust REIT |
1,753 | 29,205 | ||||||
PotlatchDeltic Corp. REIT |
540 | 25,067 | ||||||
Rayonier, Inc. REIT |
1,129 | 40,102 | ||||||
Rexford Industrial Realty, Inc. REIT |
1,260 | 78,385 | ||||||
SL Green Realty Corp. REIT |
493 | 21,776 | ||||||
STORE Capital Corp. REIT |
1,910 | 51,532 | ||||||
|
|
|||||||
(Cost $1,097,368) |
942,114 | |||||||
|
|
|||||||
Utilities — 2.2% | ||||||||
Essential Utilities, Inc. |
1,751 | 86,062 | ||||||
Hawaiian Electric Industries, Inc. |
849 | 33,213 | ||||||
ONE Gas, Inc. |
405 | 31,699 | ||||||
Spire, Inc. |
415 | 29,004 | ||||||
UGI Corp. |
1,597 | 63,082 | ||||||
|
|
|||||||
(Cost $228,387) |
243,060 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
10,938,677 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUNDS — 0.5% | ||||||||
iShares
ESG Screened S&P Mid-Cap
ETF |
1,850 | 60,634 | ||||||
|
|
|||||||
CASH EQUIVALENTS — 0.1% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (b) |
5,679 | 5,679 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 100.0% (Cost $11,383,475) |
$ | 11,004,990 | ||||||
Other assets and liabilities, net — 0.0% |
2,574 | |||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 11,007,564 | ||||||
|
|
See Notes to Financial Statements. | 71 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P MidCap 400 ESG ETF (Continued)
August 31, 2022
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at 8/31/2021 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.0% |
|
|||||||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares, 2.00% (b)(c) |
| |||||||||||||||||||||||||||||||||||
1,305 | — | (1,305 | )(d) | — | — | 86 | — | — | — | |||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.1% |
| |||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) |
| |||||||||||||||||||||||||||||||||||
10,177 | 513,480 | (517,978 | ) | — | — | 41 | — | 5,679 | 5,679 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
11,482 | 513,480 | (519,283 | ) | — | — | 127 | — | 5,679 | 5,679 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $526,958, which is 4.8% of net assets. |
(b) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(c) |
Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $542,542. |
(d) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the year ended August 31, 2022. |
REIT: | Real Estate Investment Trust |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 10,938,677 | $ | — | $ | — | $ | 10,938,677 | ||||||||
Exchange-Traded Funds |
60,634 | — | — | 60,634 | ||||||||||||
Short-Term Investments (a) |
5,679 | — | — | 5,679 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 11,004,990 | $ | — | $ | — | $ | 11,004,990 | ||||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
See Notes to Financial Statements. | 72 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P SmallCap 600 ESG ETF
August 31, 2022
Number |
Value |
|||||||
COMMON STOCKS — 99.5% | ||||||||
Communication Services — 1.3% | ||||||||
Cars.com, Inc.* |
1,038 | $ | 13,234 | |||||
Cinemark Holdings, Inc.* |
1,658 | 23,345 | ||||||
Consolidated Communications Holdings, Inc.* |
1,126 | 6,463 | ||||||
EW Scripps Co., Class A* |
897 | 13,410 | ||||||
QuinStreet, Inc.* |
789 | 9,476 | ||||||
Scholastic Corp. |
466 | 21,394 | ||||||
TechTarget, Inc.* |
410 | 26,609 | ||||||
Thryv Holdings, Inc.* |
281 | 7,188 | ||||||
|
|
|||||||
(Cost $130,347) |
121,119 | |||||||
|
|
|||||||
Consumer Discretionary — 12.1% | ||||||||
Aaron’s Co., Inc. |
449 | 5,343 | ||||||
Abercrombie & Fitch Co., Class A* |
787 | 11,325 | ||||||
Adtalem Global Education, Inc.* |
693 | 26,119 | ||||||
American Axle & Manufacturing Holdings, Inc.* |
1,770 | 18,320 | ||||||
American Public Education, Inc.* |
272 | 2,810 | ||||||
America’s Car-Mart, Inc.* |
89 | 7,174 | ||||||
Asbury Automotive Group, Inc.* |
341 | 59,498 | ||||||
Bed Bath & Beyond, Inc.* |
1,182 | 11,264 | ||||||
Big Lots, Inc. (a) |
444 | 9,133 | ||||||
BJ’s Restaurants, Inc.* |
368 | 9,229 | ||||||
Bloomin’ Brands, Inc. |
1,232 | 24,911 | ||||||
Boot Barn Holdings, Inc.* |
456 | 30,379 | ||||||
Brinker International, Inc.* |
688 | 16,863 | ||||||
Buckle, Inc. (a) |
459 | 14,817 | ||||||
Caleres, Inc. |
587 | 14,980 | ||||||
Cavco Industries, Inc.* |
132 | 30,889 | ||||||
Century Communities, Inc. |
450 | 21,011 | ||||||
Cheesecake Factory, Inc. (a) |
764 | 23,394 | ||||||
Chico’s FAS, Inc.* |
1,977 | 11,229 | ||||||
Children’s Place, Inc.* |
198 | 8,352 | ||||||
Dine Brands Global, Inc. (a) |
262 | 17,449 | ||||||
Ethan Allen Interiors, Inc. |
354 | 8,415 | ||||||
Fossil Group, Inc.* |
689 | 2,915 | ||||||
Gentherm, Inc.* |
509 | 30,489 | ||||||
Group 1 Automotive, Inc. |
257 | 45,898 | ||||||
Guess?, Inc. (a) |
569 | 9,940 | ||||||
Hibbett, Inc. |
187 | 10,958 | ||||||
Installed Building Products, Inc. |
359 | 32,511 | ||||||
iRobot Corp.* |
414 | 24,376 | ||||||
Jack in the Box, Inc. |
319 | 25,475 | ||||||
Kontoor Brands, Inc. (a) |
718 | 26,731 | ||||||
La-Z-Boy, Inc. |
675 | 17,813 | ||||||
LCI Industries |
393 | 45,537 | ||||||
LGI Homes, Inc.* (a) |
319 | 30,276 | ||||||
Liquidity Services, Inc.* |
423 | 7,398 | ||||||
MarineMax, Inc.* |
338 | 12,283 | ||||||
MDC Holdings, Inc. |
873 | 27,133 | ||||||
Monro, Inc. |
522 | 24,174 | ||||||
Motorcar Parts of America, Inc.* |
281 | 4,176 | ||||||
Movado Group, Inc. |
239 | 7,622 | ||||||
ODP Corp.* |
671 | 23,988 | ||||||
Patrick Industries, Inc. |
341 | 18,063 | ||||||
PetMed Express, Inc. |
307 | 6,315 |
Number |
Value |
|||||||
Consumer Discretionary (Continued) | ||||||||
Rent-A-Center, Inc. |
831 | $ | 21,473 | |||||
Ruth’s Hospitality Group, Inc. |
461 | 8,399 | ||||||
Sally Beauty Holdings, Inc.* (a) |
1,657 | 24,656 | ||||||
Shake Shack, Inc., Class A* (a) |
607 | 28,930 | ||||||
Signet Jewelers Ltd. |
733 | 47,916 | ||||||
Sleep Number Corp.* |
346 | 14,335 | ||||||
Sonos, Inc.* (a) |
1,980 | 29,779 | ||||||
Standard Motor Products, Inc. |
295 | 10,827 | ||||||
Steven Madden Ltd. |
1,164 | 33,884 | ||||||
Strategic Education, Inc. |
355 | 22,969 | ||||||
Tupperware Brands Corp.* |
710 | 7,980 | ||||||
Unifi, Inc.* |
223 | 2,533 | ||||||
Universal Electronics, Inc.* |
187 | 4,157 | ||||||
Winnebago Industries, Inc. (a) |
502 | 28,905 | ||||||
Wolverine World Wide, Inc. |
1,241 | 24,249 | ||||||
WW International, Inc.* |
853 | 4,453 | ||||||
|
|
|||||||
(Cost $1,453,419) |
1,132,420 | |||||||
|
|
|||||||
Consumer Staples — 4.6% | ||||||||
Calavo Growers, Inc. |
279 | 11,729 | ||||||
Cal-Maine Foods, Inc. |
581 | 31,147 | ||||||
Edgewell Personal Care Co. |
812 | 31,636 | ||||||
elf Beauty, Inc.* |
746 | 28,445 | ||||||
Fresh Del Monte Produce, Inc. |
514 | 14,053 | ||||||
Hostess Brands, Inc.* |
2,134 | 49,466 | ||||||
J & J Snack Foods Corp. |
231 | 34,426 | ||||||
John B Sanfilippo & Son, Inc. |
143 | 11,544 | ||||||
Medifast, Inc. |
179 | 22,461 | ||||||
MGP Ingredients, Inc. |
191 | 20,907 | ||||||
PriceSmart, Inc. |
366 | 23,157 | ||||||
Seneca Foods Corp., Class A* |
88 | 4,649 | ||||||
Simply Good Foods Co.* |
1,366 | 41,731 | ||||||
SpartanNash Co. |
556 | 16,919 | ||||||
TreeHouse Foods, Inc.* |
866 | 40,356 | ||||||
United Natural Foods, Inc.* |
903 | 39,804 | ||||||
USANA Health Sciences, Inc.* |
182 | 11,743 | ||||||
|
|
|||||||
(Cost $425,760) |
434,173 | |||||||
|
|
|||||||
Energy — 4.0% | ||||||||
Archrock, Inc. |
2,070 | 15,297 | ||||||
Bristow Group, Inc.* |
369 | 10,705 | ||||||
Core Laboratories NV |
716 | 11,563 | ||||||
DMC Global, Inc.* |
310 | 6,919 | ||||||
Green Plains, Inc.* |
828 | 30,330 | ||||||
Helix Energy Solutions Group, Inc.* |
2,216 | 9,573 | ||||||
Helmerich & Payne, Inc. |
1,622 | 69,341 | ||||||
Laredo Petroleum, Inc.* |
226 | 17,540 | ||||||
Nabors Industries Ltd.* |
138 | 18,286 | ||||||
Par Pacific Holdings, Inc.* |
720 | 13,536 | ||||||
Patterson-UTI Energy, Inc. |
3,339 | 49,751 | ||||||
SM Energy Co. |
1,874 | 82,587 | ||||||
Talos Energy, Inc.* |
650 | 13,475 | ||||||
World Fuel Services Corp. |
980 | 25,284 | ||||||
|
|
|||||||
(Cost $310,928) |
374,187 | |||||||
|
|
|||||||
Financials — 19.7% | ||||||||
Ambac Financial Group, Inc.* |
671 | 10,125 |
See Notes to Financial Statements. | 73 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P SmallCap 600 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Financials (Continued) | ||||||||
American Equity Investment Life Holding Co. |
1,194 | $ | 45,372 | |||||
Ameris Bancorp |
1,020 | 47,614 | ||||||
AMERISAFE, Inc. |
299 | 14,298 | ||||||
Assured Guaranty Ltd. |
986 | 50,355 | ||||||
Banc of California, Inc. |
832 | 14,044 | ||||||
Bancorp, Inc.* |
870 | 20,636 | ||||||
BankUnited, Inc. |
1,265 | 46,868 | ||||||
Banner Corp. |
528 | 32,081 | ||||||
Berkshire Hills Bancorp, Inc. |
735 | 20,734 | ||||||
Blucora, Inc.* |
737 | 14,799 | ||||||
Brightsphere Investment Group, Inc. |
508 | 8,682 | ||||||
Central Pacific Financial Corp. |
434 | 9,457 | ||||||
City Holding Co. |
232 | 19,722 | ||||||
Community Bank System, Inc. |
828 | 54,135 | ||||||
Customers Bancorp, Inc.* |
466 | 16,166 | ||||||
Donnelley Financial Solutions, Inc.* |
423 | 17,956 | ||||||
Eagle Bancorp, Inc. |
500 | 24,265 | ||||||
eHealth, Inc.* |
401 | 2,566 | ||||||
Ellington Financial, Inc. REIT |
847 | 12,434 | ||||||
Encore Capital Group, Inc.* |
373 | 20,396 | ||||||
Enova International, Inc.* |
496 | 17,330 | ||||||
FB Financial Corp. |
541 | 21,434 | ||||||
First BanCorp |
3,056 | 43,701 | ||||||
First Financial Bancorp |
1,451 | 31,313 | ||||||
First Hawaiian, Inc. |
1,978 | 50,854 | ||||||
Franklin BSP Realty Trust, Inc. REIT (a) |
1,304 | 16,822 | ||||||
Genworth Financial, Inc., Class A* |
7,865 | 33,190 | ||||||
Green Dot Corp., Class A* |
830 | 16,841 | ||||||
Hanmi Financial Corp. |
483 | 11,940 | ||||||
Heritage Financial Corp. |
546 | 14,191 | ||||||
Hilltop Holdings, Inc. |
760 | 20,064 | ||||||
HomeStreet, Inc. |
292 | 10,165 | ||||||
Hope Bancorp, Inc. |
1,860 | 26,914 | ||||||
Horace Mann Educators Corp. |
646 | 23,107 | ||||||
Independent Bank Corp. |
721 | 56,404 | ||||||
Independent Bank Group, Inc. |
560 | 37,722 | ||||||
Invesco Mortgage Capital, Inc. REIT |
516 | 8,199 | ||||||
Lakeland Financial Corp. |
394 | 29,684 | ||||||
Mr Cooper Group, Inc.* |
1,141 | 48,264 | ||||||
National Bank Holdings Corp., Class A |
459 | 18,420 | ||||||
NBT Bancorp, Inc. |
667 | 25,866 | ||||||
New York Mortgage Trust, Inc. REIT |
5,843 | 16,360 | ||||||
Northfield Bancorp, Inc. |
671 | 9,891 | ||||||
Northwest Bancshares, Inc. |
1,958 | 27,549 | ||||||
OFG Bancorp |
757 | 20,590 | ||||||
Pacific Premier Bancorp, Inc. |
1,468 | 48,092 | ||||||
Park National Corp. (a) |
224 | 29,530 | ||||||
Pathward Financial, Inc. |
457 | 15,063 | ||||||
PennyMac Mortgage Investment Trust REIT (a) |
1,429 | 21,221 | ||||||
Piper Sandler Cos. |
220 | 25,205 | ||||||
PRA Group, Inc.* |
612 | 22,607 | ||||||
ProAssurance Corp. |
825 | 17,647 | ||||||
Provident Financial Services, Inc. |
1,150 | 26,715 | ||||||
Redwood Trust, Inc. REIT |
1,869 | 14,485 | ||||||
S&T Bancorp, Inc. |
605 | 17,932 |
Number |
Value |
|||||||
Financials (Continued) | ||||||||
Seacoast Banking Corp. of Florida |
938 | $ | 30,316 | |||||
ServisFirst Bancshares, Inc. |
751 | 63,354 | ||||||
Simmons First National Corp., Class A |
1,962 | 46,284 | ||||||
Southside Bancshares, Inc. |
495 | 18,652 | ||||||
Stewart Information Services Corp. |
421 | 21,319 | ||||||
StoneX Group, Inc.* |
263 | 24,417 | ||||||
Tompkins Financial Corp. |
185 | 13,253 | ||||||
Triumph Bancorp, Inc.* |
366 | 22,659 | ||||||
Trupanion, Inc.* (a) |
531 | 37,478 | ||||||
Trustmark Corp. |
941 | 29,679 | ||||||
Two Harbors Investment Corp. REIT (a) |
5,287 | 25,642 | ||||||
United Fire Group, Inc. |
341 | 10,036 | ||||||
Veritex Holdings, Inc. |
836 | 25,172 | ||||||
Virtus Investment Partners, Inc. |
109 | 20,846 | ||||||
Westamerica BanCorp |
411 | 22,996 | ||||||
WisdomTree Investments, Inc. |
1,736 | 8,697 | ||||||
World Acceptance Corp.* |
54 | 6,277 | ||||||
WSFS Financial Corp. |
992 | 47,963 | ||||||
|
|
|||||||
(Cost $1,923,024) |
1,853,057 | |||||||
|
|
|||||||
Health Care — 11.1% | ||||||||
Addus HomeCare Corp.* |
250 | 22,305 | ||||||
Allscripts Healthcare Solutions, Inc.* |
1,773 | 30,141 | ||||||
AMN Healthcare Services, Inc.* |
686 | 70,411 | ||||||
Amphastar Pharmaceuticals, Inc.* |
582 | 17,227 | ||||||
AngioDynamics, Inc.* |
610 | 13,505 | ||||||
Anika Therapeutics, Inc.* |
238 | 5,379 | ||||||
Avanos Medical, Inc.* |
733 | 18,054 | ||||||
Avid Bioservices, Inc.* |
954 | 16,428 | ||||||
Cara Therapeutics, Inc.* |
673 | 6,945 | ||||||
Coherus Biosciences, Inc.* (a) |
1,014 | 11,336 | ||||||
Collegium Pharmaceutical, Inc.* |
536 | 9,423 | ||||||
Community Health Systems, Inc.* (a) |
2,029 | 5,397 | ||||||
Computer Programs and Systems, Inc.* |
237 | 7,231 | ||||||
CONMED Corp. |
457 | 40,476 | ||||||
CorVel Corp.* |
143 | 22,219 | ||||||
Covetrus, Inc.* |
1,602 | 33,434 | ||||||
Cross Country Healthcare, Inc.* (a) |
557 | 14,137 | ||||||
Cytokinetics, Inc.* |
1,321 | 69,960 | ||||||
Eagle Pharmaceuticals, Inc.* |
166 | 5,440 | ||||||
Emergent BioSolutions, Inc.* |
694 | 16,670 | ||||||
Enanta Pharmaceuticals, Inc.* |
285 | 17,351 | ||||||
Ensign Group, Inc. |
810 | 69,093 | ||||||
Fulgent Genetics, Inc.* |
306 | 13,302 | ||||||
Glaukos Corp.* |
725 | 35,199 | ||||||
Hanger, Inc.* |
585 | 10,899 | ||||||
Innoviva, Inc.* |
956 | 12,581 | ||||||
Inogen, Inc.* |
325 | 9,305 | ||||||
iTeos Therapeutics, Inc.* |
322 | 7,142 | ||||||
Ligand Pharmaceuticals, Inc.* |
262 | 24,206 | ||||||
Merit Medical Systems, Inc.* |
788 | 46,673 | ||||||
ModivCare, Inc.* |
187 | 20,256 | ||||||
Myriad Genetics, Inc.* |
1,245 | 27,813 | ||||||
Nektar Therapeutics* (a) |
2,907 | 11,454 | ||||||
NextGen Healthcare, Inc.* |
868 | 14,877 | ||||||
OraSure Technologies, Inc.* |
1,045 | 4,274 | ||||||
Organogenesis Holdings, Inc.* |
916 | 3,288 |
See Notes to Financial Statements. | 74 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P SmallCap 600 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Health Care (Continued) | ||||||||
Orthofix Medical, Inc.* |
311 | $ | 6,189 | |||||
Owens & Minor, Inc. (a) |
1,180 | 34,822 | ||||||
Pediatrix Medical Group, Inc.* |
1,323 | 23,576 | ||||||
Phibro Animal Health Corp., Class A |
296 | 4,384 | ||||||
Prestige Consumer Healthcare, Inc.* |
775 | 39,199 | ||||||
RadNet, Inc.* |
728 | 14,625 | ||||||
REGENXBIO, Inc.* |
584 | 17,228 | ||||||
Select Medical Holdings Corp. |
1,597 | 40,947 | ||||||
Surmodics, Inc.* |
204 | 6,873 | ||||||
uniQure NV* |
573 | 11,196 | ||||||
US Physical Therapy, Inc. |
201 | 16,605 | ||||||
Vanda Pharmaceuticals, Inc.* |
893 | 9,448 | ||||||
Varex Imaging Corp.* (a) |
610 | 12,865 | ||||||
Vericel Corp.* |
719 | 17,939 | ||||||
Xencor, Inc.* |
922 | 24,332 | ||||||
|
|
|||||||
(Cost $1,106,006) |
1,044,059 | |||||||
|
|
|||||||
Industrials — 15.9% | ||||||||
AAON, Inc. |
643 | 36,960 | ||||||
ABM Industries, Inc. |
1,035 | 48,024 | ||||||
Alamo Group, Inc. |
152 | 19,875 | ||||||
Allegiant Travel Co.* |
236 | 22,774 | ||||||
Applied Industrial Technologies, Inc. |
592 | 62,764 | ||||||
ArcBest Corp. |
374 | 30,118 | ||||||
Astec Industries, Inc. |
354 | 13,516 | ||||||
Atlas Air Worldwide Holdings, Inc.* |
402 | 40,168 | ||||||
AZZ, Inc. |
381 | 16,234 | ||||||
Boise Cascade Co. |
611 | 38,084 | ||||||
Brady Corp., Class A |
741 | 34,486 | ||||||
Comfort Systems USA, Inc. |
555 | 55,689 | ||||||
CoreCivic, Inc.* |
1,901 | 18,116 | ||||||
Deluxe Corp. |
661 | 12,718 | ||||||
Encore Wire Corp. |
305 | 39,680 | ||||||
Enerpac Tool Group Corp. |
925 | 17,945 | ||||||
EnPro Industries, Inc. |
321 | 29,070 | ||||||
Federal Signal Corp. |
933 | 37,199 | ||||||
Forrester Research, Inc.* |
162 | 6,738 | ||||||
Forward Air Corp. |
412 | 39,980 | ||||||
Franklin Electric Co., Inc. |
601 | 52,197 | ||||||
GEO Group, Inc.* |
1,951 | 15,959 | ||||||
Granite Construction, Inc. |
697 | 20,896 | ||||||
Greenbrier Cos., Inc. |
497 | 14,169 | ||||||
Harsco Corp.* |
1,262 | 7,156 | ||||||
Healthcare Services Group, Inc. |
1,128 | 15,871 | ||||||
Heartland Express, Inc. |
729 | 11,044 | ||||||
Heidrick & Struggles International, Inc. |
313 | 8,908 | ||||||
Hillenbrand, Inc. |
1,105 | 46,045 | ||||||
HNI Corp. |
653 | 20,896 | ||||||
Interface, Inc. |
932 | 10,410 | ||||||
John Bean Technologies Corp. |
491 | 50,701 | ||||||
KAR Auction Services, Inc.* |
1,861 | 27,171 | ||||||
Kelly Services, Inc., Class A |
523 | 8,425 | ||||||
Korn Ferry |
831 | 50,624 | ||||||
Lindsay Corp. |
171 | 27,422 | ||||||
Matson, Inc. |
625 | 46,037 | ||||||
Matthews International Corp., Class A |
494 | 12,355 | ||||||
MYR Group, Inc.* |
264 | 24,536 |
Number |
Value |
|||||||
Industrials (Continued) | ||||||||
NOW, Inc.* |
1,681 | $ | 20,374 | |||||
NV5 Global, Inc.* |
185 | 26,041 | ||||||
PGT Innovations, Inc.* |
936 | 19,581 | ||||||
Pitney Bowes, Inc. |
2,404 | 6,948 | ||||||
Powell Industries, Inc. |
154 | 3,798 | ||||||
Proto Labs, Inc.* |
420 | 16,128 | ||||||
Quanex Building Products Corp. |
524 | 11,685 | ||||||
Resideo Technologies, Inc.* |
2,248 | 46,803 | ||||||
SkyWest, Inc.* |
762 | 16,223 | ||||||
SPX Technologies, Inc.* |
709 | 40,456 | ||||||
Standex International Corp. |
187 | 16,907 | ||||||
Tennant Co. |
285 | 17,200 | ||||||
Titan International, Inc.* |
804 | 11,280 | ||||||
Triumph Group, Inc.* |
1,008 | 13,094 | ||||||
TrueBlue, Inc.* |
523 | 10,742 | ||||||
UFP Industries, Inc. |
962 | 76,373 | ||||||
Veritiv Corp.* |
216 | 25,745 | ||||||
Viad Corp.* |
322 | 12,294 | ||||||
Wabash National Corp. |
779 | 12,815 | ||||||
|
|
|||||||
(Cost $1,522,197) |
1,495,447 | |||||||
|
|
|||||||
Information Technology — 14.4% | ||||||||
8x8, Inc.* (a) |
1,888 | 9,836 | ||||||
ADTRAN Holdings, Inc. |
1,197 | 27,818 | ||||||
Agilysys, Inc.* |
305 | 15,790 | ||||||
Alarm.com Holdings, Inc.* |
708 | 47,153 | ||||||
Arlo Technologies, Inc.* |
1,362 | 8,295 | ||||||
Axcelis Technologies, Inc.* |
507 | 33,939 | ||||||
Badger Meter, Inc. |
450 | 42,610 | ||||||
CalAmp Corp.* (a) |
522 | 3,226 | ||||||
Cerence, Inc.* |
612 | 12,246 | ||||||
CEVA, Inc.* |
360 | 10,537 | ||||||
Cohu, Inc.* |
740 | 19,854 | ||||||
CTS Corp. |
495 | 20,948 | ||||||
Digi International, Inc.* |
543 | 17,979 | ||||||
Diodes, Inc.* |
698 | 49,677 | ||||||
Ebix, Inc. (a) |
381 | 9,914 | ||||||
EVERTEC, Inc. |
1,003 | 33,701 | ||||||
ExlService Holdings, Inc.* |
511 | 85,700 | ||||||
Extreme Networks, Inc.* |
2,021 | 28,961 | ||||||
Fabrinet* |
568 | 58,413 | ||||||
FARO Technologies, Inc.* |
289 | 9,696 | ||||||
FormFactor, Inc.* |
1,209 | 35,400 | ||||||
Harmonic, Inc.* |
1,633 | 18,388 | ||||||
Ichor Holdings Ltd.* |
448 | 13,763 | ||||||
Insight Enterprises, Inc.* |
542 | 49,387 | ||||||
InterDigital, Inc. |
475 | 23,826 | ||||||
Itron, Inc.* |
692 | 32,925 | ||||||
Knowles Corp.* |
1,424 | 21,574 | ||||||
Kulicke & Soffa Industries, Inc. |
915 | 38,467 | ||||||
LivePerson, Inc.* |
1,052 | 12,203 | ||||||
Methode Electronics, Inc. |
566 | 22,900 | ||||||
NETGEAR, Inc.* |
457 | 10,781 | ||||||
NetScout Systems, Inc.* |
1,141 | 36,215 | ||||||
OneSpan, Inc.* |
499 | 5,743 | ||||||
Onto Innovation, Inc.* |
762 | 54,094 | ||||||
OSI Systems, Inc.* |
246 | 20,497 |
See Notes to Financial Statements. | 75 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P SmallCap 600 ESG ETF (Continued)
August 31, 2022
Number |
Value |
|||||||
Information Technology (Continued) | ||||||||
PDF Solutions, Inc.* |
464 | $ | 12,240 | |||||
Perficient, Inc.* |
534 | 41,705 | ||||||
Plexus Corp.* |
429 | 40,210 | ||||||
Progress Software Corp. |
680 | 32,728 | ||||||
Rambus, Inc.* |
1,706 | 43,998 | ||||||
Rogers Corp.* |
287 | 71,899 | ||||||
ScanSource, Inc.* |
396 | 11,472 | ||||||
SPS Commerce, Inc.* |
555 | 67,777 | ||||||
TTEC Holdings, Inc. |
280 | 14,658 | ||||||
Unisys Corp.* |
1,052 | 9,794 | ||||||
Veeco Instruments, Inc.* |
779 | 16,468 | ||||||
Viavi Solutions, Inc.* |
3,514 | 49,477 | ||||||
|
|
|||||||
(Cost $1,451,802) |
1,354,882 | |||||||
|
|
|||||||
Materials — 5.8% | ||||||||
AdvanSix, Inc. |
426 | 15,447 | ||||||
American Vanguard Corp. |
426 | 8,490 | ||||||
Arconic Corp.* |
1,636 | 41,244 | ||||||
Balchem Corp. |
495 | 65,251 | ||||||
Century Aluminum Co.* |
811 | 6,261 | ||||||
Clearwater Paper Corp.* |
264 | 11,231 | ||||||
Compass Minerals International, Inc. |
535 | 21,662 | ||||||
GCP Applied Technologies, Inc.* |
841 | 26,424 | ||||||
Glatfelter Corp. |
647 | 3,151 | ||||||
Hawkins, Inc. |
294 | 11,266 | ||||||
Haynes International, Inc. |
181 | 7,184 | ||||||
HB Fuller Co. |
820 | 53,185 | ||||||
Innospec, Inc. |
385 | 35,982 | ||||||
Kaiser Aluminum Corp. |
241 | 17,294 | ||||||
Koppers Holdings, Inc. |
310 | 7,077 | ||||||
Livent Corp.* (a) |
2,493 | 80,225 | ||||||
Olympic Steel, Inc. |
135 | 3,553 | ||||||
Quaker Chemical Corp. (a) |
206 | 35,910 | ||||||
Stepan Co. |
328 | 34,187 | ||||||
SunCoke Energy, Inc. |
1,336 | 8,804 | ||||||
TimkenSteel Corp.* |
652 | 10,002 | ||||||
Trinseo PLC |
558 | 14,804 | ||||||
Warrior Met Coal, Inc. |
800 | 26,040 | ||||||
|
|
|||||||
(Cost $540,234) |
544,674 | |||||||
|
|
|||||||
Real Estate — 8.1% | ||||||||
Acadia Realty Trust REIT |
1,468 | 23,385 | ||||||
Agree Realty Corp. REIT |
1,152 | 86,769 | ||||||
American Assets Trust, Inc. REIT |
821 | 22,791 | ||||||
Anywhere Real Estate, Inc.* |
1,785 | 17,439 | ||||||
Armada Hoffler Properties, Inc. REIT |
1,049 | 13,773 | ||||||
Brandywine Realty Trust REIT |
2,665 | 21,400 | ||||||
CareTrust REIT, Inc. REIT |
1,500 | 32,310 | ||||||
Centerspace REIT |
240 | 18,091 | ||||||
Chatham Lodging Trust REIT* |
796 | 9,679 | ||||||
Community Healthcare Trust, Inc. REIT |
367 | 13,539 | ||||||
DiamondRock Hospitality Co. REIT* |
3,243 | 28,311 | ||||||
Diversified Healthcare Trust REIT |
3,917 | 5,719 | ||||||
Easterly Government Properties, Inc. REIT |
1,391 | 24,969 | ||||||
Essential Properties Realty Trust, Inc. REIT |
2,130 | 48,223 | ||||||
Getty Realty Corp. REIT |
630 | 18,950 | ||||||
Hersha Hospitality Trust REIT* |
496 | 4,811 |
Number |
Value |
|||||||
Real Estate (Continued) | ||||||||
Innovative Industrial Properties, Inc. REIT |
433 | $ | 39,715 | |||||
iStar, Inc. REIT (a) |
1,283 | 17,667 | ||||||
LTC Properties, Inc. REIT |
602 | 27,024 | ||||||
Office Properties Income Trust REIT |
748 | 13,142 | ||||||
Retail Opportunity Investments Corp. REIT |
1,919 | 32,143 | ||||||
RPT Realty REIT |
1,314 | 12,654 | ||||||
Safehold, Inc. REIT |
242 | 9,203 | ||||||
SITE Centers Corp. REIT |
2,777 | 35,990 | ||||||
Summit Hotel Properties, Inc. REIT |
1,672 | 13,142 | ||||||
Tanger Factory Outlet Centers, Inc. REIT |
1,616 | 24,919 | ||||||
Uniti Group, Inc. REIT |
3,628 | 34,067 | ||||||
Universal Health Realty Income Trust REIT |
202 | 10,280 | ||||||
Urban Edge Properties REIT |
1,719 | 27,040 | ||||||
Veris Residential, Inc. REIT* |
1,213 | 16,303 | ||||||
Washington Real Estate Investment Trust REIT |
1,339 | 26,258 | ||||||
Whitestone REIT |
731 | 7,193 | ||||||
Xenia Hotels & Resorts, Inc. REIT* |
1,763 | 27,961 | ||||||
|
|
|||||||
(Cost $863,822) |
764,860 | |||||||
|
|
|||||||
Utilities — 2.5% | ||||||||
American States Water Co. |
571 | 47,376 | ||||||
Avista Corp. |
1,121 | 45,546 | ||||||
California Water Service Group |
830 | 48,580 | ||||||
Northwest Natural Holding Co. |
527 | 25,090 | ||||||
South Jersey Industries, Inc. |
1,883 | 63,740 | ||||||
|
|
|||||||
(Cost $216,191) |
230,332 | |||||||
|
|
|||||||
TOTAL
COMMON STOCKS |
9,349,210 | |||||||
|
|
|||||||
EXCHANGE-TRADED FUNDS — 0.4% | ||||||||
SPDR
Portfolio S&P 600 Small Cap ETF |
970 | 36,753 | ||||||
|
|
|||||||
SECURITIES LENDING COLLATERAL — 0.2% | ||||||||
DWS
Government & Agency Securities Portfolio “DWS Government Cash
Institutional Shares”, 2.00% (b)(c) |
22,525 | 22,525 | ||||||
|
|
|||||||
CASH EQUIVALENTS — 0.4% | ||||||||
DWS
Government Money Market Series “Institutional Shares”, 2.24% (b) |
33,982 | 33,982 | ||||||
|
|
|||||||
TOTAL INVESTMENTS — 100.5% (Cost $10,036,918) |
$ | 9,442,470 | ||||||
Other assets and liabilities, net — (0.5%) |
(49,886 | ) | ||||||
|
|
|||||||
NET ASSETS — 100.0% |
$ | 9,392,584 | ||||||
|
|
See Notes to Financial Statements. | 76 |
DBX ETF Trust
Schedule of Investments
Xtrackers S&P SmallCap 600 ESG ETF (Continued)
August 31, 2022
A summary of the Fund’s transactions with affiliated investments during the year ended August 31, 2022 is as follows:
Value ($) at 8/31/2021 |
Purchases Cost ($) |
Sales Proceeds ($) |
Net Realized Gain/(Loss) ($) |
Net Change in Unrealized Appreciation (Depreciation) ($) |
Income ($) | Capital Gain Distributions ($) |
Number of Shares at 8/31/2022 |
Value ($) at 8/31/2022 |
||||||||||||||||||||||||||||
SECURITIES LENDING COLLATERAL — 0.2% |
|
|||||||||||||||||||||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 2.00% (b)(c) |
| |||||||||||||||||||||||||||||||||||
50,397 | — | (27,872 | )(d) | — | — | 121 | — | 22,525 | 22,525 | |||||||||||||||||||||||||||
CASH EQUIVALENTS — 0.4% |
| |||||||||||||||||||||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 2.24% (b) |
| |||||||||||||||||||||||||||||||||||
12,273 | 678,572 | (656,863 | ) | — | — | 36 | — | 33,982 | 33,982 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
62,670 | 678,572 | (684,735 | ) | — | — | 157 | — | 56,507 | 56,507 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Non-income producing security. |
(a) |
All or a portion of these securities were on loan. In addition, “Other assets and liabilities, net” may include pending sales that are also on loan. The value of securities loaned at August 31, 2022 amounted to $576,899, which is 6.1% of net assets. |
(b) |
Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(c) |
Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $572,865. |
(d) |
Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended August 31, 2022. |
REIT: | Real Estate Investment Trust |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of August 31, 2022 in valuing the Fund’s investments. For information on the Fund’s policy regarding the valuation of investments, please refer to the Security Valuation section of Note 2 in the accompanying Notes to Financial Statements.
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) |
$ | 9,349,210 | $ | — | $ | — | $ | 9,349,210 | ||||||||
Exchange-Traded Funds |
36,753 | — | — | 36,753 | ||||||||||||
Short-Term Investments (a) |
56,507 | — | — | 56,507 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 9,442,470 | $ | — | $ | — | $ | 9,442,470 | ||||||||
|
|
|
|
|
|
|
|
(a) |
See Schedule of Investments for additional detailed categorizations. |
See Notes to Financial Statements. | 77 |
DBX ETF Trust
August 31, 2022
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
Xtrackers MSCI USA ESG Leaders Equity ETF |
|||||||||||||
Assets |
||||||||||||||||
Investment in non-affiliated securities at value |
$ | 489,487,118 | $ | 28,835,318 | $ | 22,748,030 | $ | 3,046,299,265 | ||||||||
Investment in DWS Government Money Market Series |
1,859,521 | 29,931 | — | 8,312,422 | ||||||||||||
Investment in DWS Government & Agency Securities Portfolio* |
1,366,731 | 112,126 | 43,257 | 804,200 | ||||||||||||
Foreign currency at value |
814,018 | 125,996 | 79,498 | — | ||||||||||||
Due from broker |
— | — | 4,148 | — | ||||||||||||
Deposit with broker for futures contracts |
151,562 | 21,158 | 4,664 | 873,968 | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold |
— | 53,264 | 129,660 | 4,986,772 | ||||||||||||
Capital shares |
— | — | 2,439,996 | — | ||||||||||||
Variation margin on futures contracts |
9,870 | — | 3,191 | — | ||||||||||||
Dividends |
508,887 | 69,463 | 28,577 | 4,971,506 | ||||||||||||
Interest |
1,543 | 74 | 79 | 15,206 | ||||||||||||
Securities lending income |
2,814 | 88 | 145 | 8,421 | ||||||||||||
Foreign tax reclaim |
10,112 | 32,708 | 56 | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
$ | 494,212,176 | $ | 29,280,126 | $ | 25,481,301 | $ | 3,066,271,760 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Due to custodian |
$ | — | $ | — | $ | 11,896 | $ | — | ||||||||
Payable upon return of securities loaned |
1,366,731 | 112,126 | 43,257 | 804,200 | ||||||||||||
Payables: | ||||||||||||||||
Investment securities purchased |
952 | 56,231 | 2,194,062 | 5,409,175 | ||||||||||||
Capital shares |
— | — | 5,132 | — | ||||||||||||
Investment advisory fees |
62,989 | 3,636 | 3,556 | 247,041 | ||||||||||||
Variation margin on futures contracts |
— | 1,941 | — | 119,540 | ||||||||||||
Deferred foreign tax payable |
292 | — | 48,945 | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
1,430,964 | 173,934 | 2,306,848 | 6,579,956 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets, at value |
$ | 492,781,212 | $ | 29,106,192 | $ | 23,174,453 | $ | 3,059,691,804 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets Consist of |
||||||||||||||||
Paid-in capital |
$ | 633,908,970 | $ | 33,273,415 | $ | 27,516,650 | $ | 2,773,461,745 | ||||||||
Distributable earnings (loss) |
(141,127,758 | ) | (4,167,223 | ) | (4,342,197 | ) | 286,230,059 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets, at value |
$ | 492,781,212 | $ | 29,106,192 | $ | 23,174,453 | $ | 3,059,691,804 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Number of Common Shares outstanding |
18,300,001 | 1,200,001 | 950,001 | 85,300,001 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value |
$ | 26.93 | $ | 24.26 | $ | 24.39 | $ | 35.87 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in non-affiliated securities at cost |
$ | 595,776,772 | $ | 31,888,039 | $ | 25,724,545 | $ | 2,708,921,827 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Value of securities loaned |
$ | 5,511,559 | $ | 534,846 | $ | 63,480 | $ | 28,634,670 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in DWS Government Money Market Series at cost |
$ | 1,859,521 | $ | 29,931 | $ | — | $ | 8,312,422 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in DWS Government & Agency Securities Portfolio at cost* |
$ | 1,366,731 | $ | 112,126 | $ | 43,257 | $ | 804,200 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Non-cash collateral for securities on loan |
$ | 4,316,668 | $ | 460,188 | $ | 33,792 | $ | 29,094,935 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Foreign currency at cost |
$ | 864,267 | $ | 128,544 | $ | 80,863 | $ | — | ||||||||
|
|
|
|
|
|
|
|
* |
Represents collateral on securities loaned. |
See Notes to Financial Statements. | 78 |
DBX ETF Trust
Statements of Assets and Liabilities (Continued)
August 31, 2022
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
Xtrackers S&P 500 ESG ETF |
Xtrackers S&P MidCap 400 ESG ETF |
Xtrackers S&P SmallCap 600 ESG ETF |
|||||||||||||
Assets |
||||||||||||||||
Investment in non-affiliated securities at value |
$ | 75,177,204 | $ | 745,579,007 | $ | 10,999,311 | $ | 9,385,963 | ||||||||
Investment in DWS Government Money Market Series |
349,061 | 1,156,171 | 5,679 | 33,982 | ||||||||||||
Investment in DWS Government & Agency Securities Portfolio* |
— | — | — | 22,525 | ||||||||||||
Deposit with broker for futures contracts |
24,200 | 141,898 | — | — | ||||||||||||
Receivables: | ||||||||||||||||
Dividends |
96,778 | 1,083,568 | 10,547 | 7,878 | ||||||||||||
Interest |
384 | 1,904 | 10 | 11 | ||||||||||||
Securities lending income |
— | 1,138 | 62 | 126 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total assets |
$ | 75,647,627 | $ | 747,963,686 | $ | 11,015,609 | $ | 9,450,485 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Payable upon return of securities loaned |
$ | — | $ | — | $ | — | $ | 22,525 | ||||||||
Payables: | ||||||||||||||||
Investment securities purchased |
— | — | 6,580 | 34,110 | ||||||||||||
Investment advisory fees |
6,831 | 65,745 | 1,465 | 1,266 | ||||||||||||
Variation margin on futures contracts |
3,360 | 32,793 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total liabilities |
10,191 | 98,538 | 8,045 | 57,901 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets, at value |
$ | 75,637,436 | $ | 747,865,148 | $ | 11,007,564 | $ | 9,392,584 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets Consist of |
||||||||||||||||
Paid-in capital |
$ | 73,911,518 | $ | 792,466,336 | $ | 11,668,515 | $ | 10,410,524 | ||||||||
Distributable earnings (loss) |
1,725,918 | (44,601,188 | ) | (660,951 | ) | (1,017,940 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Assets, at value |
$ | 75,637,436 | $ | 747,865,148 | $ | 11,007,564 | $ | 9,392,584 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Number of Common Shares outstanding |
3,000,001 | 21,000,001 | 450,001 | 400,001 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value |
$ | 25.21 | $ | 35.61 | $ | 24.46 | $ | 23.48 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in non-affiliated securities at cost |
$ | 73,612,521 | $ | 784,875,764 | $ | 11,377,796 | $ | 9,980,411 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Value of securities loaned |
$ | — | $ | 9,620,118 | $ | 526,958 | $ | 576,899 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in DWS Government Money Market Series at cost |
$ | 349,061 | $ | 1,156,171 | $ | 5,679 | $ | 33,982 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Investment in DWS Government & Agency Securities Portfolio at cost* |
$ | — | $ | — | $ | — | $ | 22,525 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Non-cash collateral for securities on loan |
$ | — | $ | 9,947,642 | $ | 542,542 | $ | 572,865 | ||||||||
|
|
|
|
|
|
|
|
* |
Represents collateral on securities loaned. |
See Notes to Financial Statements. | 79 |
DBX ETF Trust
For the Year Ended August 31, 2022
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
Xtrackers MSCI USA ESG Leaders Equity ETF |
|||||||||||||
Investment Income |
||||||||||||||||
Unaffiliated dividend income* |
$ | 12,541,304 | $ | 753,566 | $ | 452,503 | $ | 48,504,071 | ||||||||
Income distributions from affiliated funds |
5,632 | 211 | 228 | 32,091 | ||||||||||||
Affiliated securities lending income |
8,092 | 1,603 | 224 | 5,475 | ||||||||||||
Unaffiliated non-cash dividend income |
1,144,489 | 49,455 | 84,481 | — | ||||||||||||
Unaffiliated securities lending income, net of borrower rebates |
47,380 | 6,217 | 1,541 | 44,841 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investment income |
13,746,897 | 811,052 | 538,977 | 48,586,478 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Expenses |
||||||||||||||||
Investment advisory fees |
840,435 | 35,722 | 44,685 | 3,443,079 | ||||||||||||
Other expenses |
57 | 57 | 57 | 172 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total expenses |
840,492 | 35,779 | 44,742 | 3,443,251 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less fees waived (see note 3): |
||||||||||||||||
Waiver |
(360 | ) | (13 | ) | (24 | ) | (346,227 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net expenses |
840,132 | 35,766 | 44,718 | 3,097,024 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income (loss) |
12,906,765 | 775,286 | 494,259 | 45,489,454 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Realized and Unrealized Gain (Loss) |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments** |
(38,405,661 | ) | (805,015 | ) | (1,002,555 | ) | (26,570,794 | ) | ||||||||
Investments in affiliates |
297 | — | — | — | ||||||||||||
In-kind redemptions |
(8,532,963 | ) | — | 158,777 | 530,262,417 | |||||||||||
Futures contracts |
(426,163 | ) | (9,218 | ) | (19,061 | ) | (744,318 | ) | ||||||||
Foreign currency transactions |
(190,236 | ) | (14,107 | ) | (16,996 | ) | — | |||||||||
Payments by Affiliates (see note 7) |
2,700 | — | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized gain (loss) |
(47,552,026 | ) | (828,340 | ) | (879,835 | ) | 502,947,305 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments*** |
(122,743,467 | ) | (6,744,390 | ) | (6,106,513 | ) | (947,383,161 | ) | ||||||||
Investments in affiliates |
(243 | ) | — | — | — | |||||||||||
Futures contracts |
(41,689 | ) | (2,671 | ) | (6,500 | ) | (351,594 | ) | ||||||||
Foreign currency translations |
(53,246 | ) | (7,301 | ) | (1,657 | ) | — | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) |
(122,838,645 | ) | (6,754,362 | ) | (6,114,670 | ) | (947,734,755 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized and unrealized gain (loss) on investments, futures and foreign currency transactions |
(170,390,671 | ) | (7,582,702 | ) | (6,994,505 | ) | (444,787,450 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations |
$ | (157,483,906 | ) | $ | (6,807,416 | ) | $ | (6,500,246 | ) | $ | (399,297,996 | ) | ||||
|
|
|
|
|
|
|
|
|||||||||
* Unaffiliated foreign tax withheld |
$ | 1,893,396 | $ | 96,932 | $ | 71,375 | $ | — | ||||||||
** Including foreign taxes |
$ | 77,936 | $ | — | $ | 24,017 | $ | — | ||||||||
*** Net of change in deferred foreign taxes |
$ | (333,375 | ) | $ | — | $ | (19,159 | ) | $ | — |
See Notes to Financial Statements. | 80 |
DBX ETF Trust
Statements of Operations (Continued)
For the Year Ended August 31, 2022
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF(1) |
Xtrackers S&P 500 ESG ETF |
Xtrackers S&P MidCap 400 ESG ETF |
Xtrackers S&P SmallCap 600 ESG ETF |
|||||||||||||
Investment Income |
||||||||||||||||
Unaffiliated dividend income* |
$ | 209,340 | $ | 11,797,303 | $ | 150,279 | $ | 139,143 | ||||||||
Income distributions from affiliated funds |
492 | 4,262 | 41 | 36 | ||||||||||||
Affiliated securities lending income |
— | 23 | 86 | 121 | ||||||||||||
Unaffiliated securities lending income, net of borrower rebates |
— | 12,405 | 473 | 1,196 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total investment income |
209,832 | 11,813,993 | 150,879 | 140,496 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Expenses |
||||||||||||||||
Investment advisory fees |
13,106 | 885,218 | 16,300 | 15,325 | ||||||||||||
Other expenses |
— | 57 | 44 | 44 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total expenses |
13,106 | 885,275 | 16,344 | 15,369 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less fees waived (see note 3): |
||||||||||||||||
Waiver |
(12 | ) | (80,908 | ) | (2 | ) | (2 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net expenses |
13,094 | 804,367 | 16,342 | 15,367 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net investment income (loss) |
196,738 | 11,009,626 | 134,537 | 125,129 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Realized and Unrealized Gain (Loss) |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments |
(17,820 | ) | (6,222,310 | ) | (316,841 | ) | (414,098 | ) | ||||||||
In-kind redemptions |
850,765 | 89,097,458 | 197,733 | 268,748 | ||||||||||||
Futures contracts |
(2,559 | ) | (46,565 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized gain (loss) |
830,386 | 82,828,583 | (119,108 | ) | (145,350 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments |
1,564,683 | (185,870,376 | ) | (1,161,848 | ) | (1,080,165 | ) | |||||||||
Futures contracts |
(12,730 | ) | (110,379 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in unrealized appreciation (depreciation) |
1,551,953 | (185,980,755 | ) | (1,161,848 | ) | (1,080,165 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net realized and unrealized gain (loss) on investments and futures |
2,382,339 | (103,152,172 | ) | (1,280,956 | ) | (1,225,515 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations |
$ | 2,579,077 | $ | (92,142,546 | ) | $ | (1,146,419 | ) | $ | (1,100,386 | ) | |||||
|
|
|
|
|
|
|
|
|||||||||
* Unaffiliated foreign tax withheld |
$ | 404 | $ | — | $ | — | $ | 156 |
(1) |
For the period June 28, 2022 (commencement of operations) through August 31, 2022. |
See Notes to Financial Statements. | 81 |
DBX ETF Trust
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
|||||||||||||||
Year Ended August 31, 2022 |
Year Ended August 31, 2021 |
Year Ended August 31, 2022 |
Year Ended August 31, 2021 |
|||||||||||||
Increase (Decrease) in Net Assets from Operations |
||||||||||||||||
Net investment income (loss) |
$ | 12,906,765 | $ | 297,064 | $ | 775,286 | $ | 408,101 | ||||||||
Net realized gain (loss) |
(47,552,026 | ) | 1,511,757 | (828,340 | ) | 264,176 | ||||||||||
Net change in net unrealized appreciation (depreciation) |
(122,838,645 | ) | 15,562,693 | (6,754,362 | ) | 2,955,505 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from operations |
(157,483,906 | ) | 17,371,514 | (6,807,416 | ) | 3,627,782 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Distributions to Shareholders |
(9,660,140 | ) | (192,472 | ) | (738,856 | ) | (404,392 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Fund Shares Transactions |
||||||||||||||||
Proceeds from shares sold |
304,205,924 | 475,859,618 | 17,576,378 | 5,739,352 | ||||||||||||
Value of shares redeemed |
(140,382,770 | ) | (5,307,482 | ) | — | (1,567,175 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from fund share transactions |
163,823,154 | 470,552,136 | 17,576,378 | 4,172,177 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total net increase (decrease) in Net Assets |
(3,320,892 | ) | 487,731,178 | 10,030,106 | 7,395,567 | |||||||||||
Net Assets |
||||||||||||||||
Beginning of year |
496,102,104 | 8,370,926 | 19,076,086 | 11,680,519 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
End of year |
$ | 492,781,212 | $ | 496,102,104 | $ | 29,106,192 | $ | 19,076,086 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Changes in Shares Outstanding |
||||||||||||||||
Shares outstanding, beginning of year |
14,300,001 | 300,001 | 600,001 | 450,001 | ||||||||||||
Shares sold |
9,050,000 | 14,150,000 | 600,000 | 200,000 | ||||||||||||
Shares redeemed |
(5,050,000 | ) | (150,000 | ) | — | (50,000 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares outstanding, end of year |
18,300,001 | 14,300,001 | 1,200,001 | 600,001 | ||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements. | 82 |
DBX ETF Trust
Statements of Changes in Net Assets (Continued)
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
Xtrackers MSCI USA ESG Leaders Equity ETF |
|||||||||||||||
Year Ended August 31, 2022 |
Year Ended August 31, 2021 |
Year Ended August 31, 2022 |
Year Ended August 31, 2021 |
|||||||||||||
Increase (Decrease) in Net Assets from Operations |
||||||||||||||||
Net investment income (loss) |
$ | 494,259 | $ | 200,440 | $ | 45,489,454 | $ | 44,760,180 | ||||||||
Net realized gain (loss) |
(879,835 | ) | (263,400 | ) | 502,947,305 | 79,672,605 | ||||||||||
Net change in net unrealized appreciation (depreciation) |
(6,114,670 | ) | 1,853,650 | (947,734,755 | ) | 828,704,550 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from operations |
(6,500,246 | ) | 1,790,690 | (399,297,996 | ) | 953,137,335 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Distributions to Shareholders |
(519,666 | ) | (82,138 | ) | (45,094,920 | ) | (44,278,620 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Fund Shares Transactions |
||||||||||||||||
Proceeds from shares sold |
9,159,408 | 14,924,326 | 858,929,738 | 610,533,251 | ||||||||||||
Value of shares redeemed |
(4,168,383 | ) | — | (1,244,247,484 | ) | (296,434,378 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from fund share transactions |
4,991,025 | 14,924,326 | (385,317,746 | ) | 314,098,873 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total net increase (decrease) in Net Assets |
(2,028,887 | ) | 16,632,878 | (829,710,662 | ) | 1,222,957,588 | ||||||||||
Net Assets |
||||||||||||||||
Beginning of year |
25,203,340 | 8,570,462 | 3,889,402,466 | 2,666,444,878 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
End of year |
$ | 23,174,453 | $ | 25,203,340 | $ | 3,059,691,804 | $ | 3,889,402,466 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Changes in Shares Outstanding |
||||||||||||||||
Shares outstanding, beginning of year |
750,001 | 300,001 | 92,850,001 | 83,750,001 | ||||||||||||
Shares sold |
350,000 | 450,000 | 21,800,000 | 17,200,000 | ||||||||||||
Shares redeemed |
(150,000 | ) | — | (29,350,000 | ) | (8,100,000 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares outstanding, end of year |
950,001 | 750,001 | 85,300,001 | 92,850,001 | ||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements. | 83 |
DBX ETF Trust
Statements of Changes in Net Assets (Continued)
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
Xtrackers S&P 500 ESG ETF | |||||||||||
For the Period June 28, 2022(1) to August 31, 2022 (Unaudited) |
Year Ended August 31, 2022 |
Year Ended August 31, 2021 |
||||||||||
Increase (Decrease) in Net Assets from Operations |
||||||||||||
Net investment income (loss) |
$ | 196,738 | $ | 11,009,626 | $ | 6,793,362 | ||||||
Net realized gain (loss) |
830,386 | 82,828,583 | 22,972,189 | |||||||||
Net change in net unrealized appreciation (depreciation) |
1,551,953 | (185,980,755 | ) | 109,454,795 | ||||||||
|
|
|
|
|
|
|||||||
Net increase (decrease) in net assets resulting from operations |
2,579,077 | (92,142,546 | ) | 139,220,346 | ||||||||
|
|
|
|
|
|
|||||||
Distributions to Shareholders |
— | (10,676,805 | ) | (5,646,092 | ) | |||||||
|
|
|
|
|
|
|||||||
Fund Shares Transactions |
||||||||||||
Proceeds from shares sold |
77,058,253 | 454,290,442 | 428,551,169 | |||||||||
Value of shares redeemed |
(3,999,919 | ) | (348,358,077 | ) | (87,808,140 | ) | ||||||
|
|
|
|
|
|
|||||||
Net increase (decrease) in net assets resulting from fund share transactions |
73,058,334 | 105,932,365 | 340,743,029 | |||||||||
|
|
|
|
|
|
|||||||
Total net increase (decrease) in Net Assets |
75,637,411 | 3,113,014 | 474,317,283 | |||||||||
Net Assets |
||||||||||||
Beginning of period |
25 | 744,752,134 | 270,434,851 | |||||||||
|
|
|
|
|
|
|||||||
End of period |
$ | 75,637,436 | $ | 747,865,148 | $ | 744,752,134 | ||||||
|
|
|
|
|
|
|||||||
Changes in Shares Outstanding |
||||||||||||
Shares outstanding, beginning of period |
1 | 18,650,001 | 8,700,001 | |||||||||
Shares sold |
3,150,000 | 11,650,000 | 12,450,000 | |||||||||
Shares redeemed |
(150,000 | ) | (9,300,000 | ) | (2,500,000 | ) | ||||||
|
|
|
|
|
|
|||||||
Shares outstanding, end of period |
3,000,001 | 21,000,001 | 18,650,001 | |||||||||
|
|
|
|
|
|
(1) |
Commencement of Operations. |
See Notes to Financial Statements. | 84 |
DBX ETF Trust
Statements of Changes in Net Assets (Continued)
Xtrackers S&P MidCap 400 ESG ETF |
Xtrackers S&P SmallCap 600 ESG ETF |
|||||||||||||||
Year Ended August 31, 2022 |
For the Period February 24, 2021(1) to August 31, 2021 (Unaudited) |
Year Ended August 31, 2022 |
For the Period February 24, 2021(1) to August 31, 2021 (Unaudited) |
|||||||||||||
Increase (Decrease) in Net Assets from Operations |
||||||||||||||||
Net investment income (loss) |
$ | 134,537 | $ | 54,903 | $ | 125,129 | $ | 65,069 | ||||||||
Net realized gain (loss) |
(119,108 | ) | 132,093 | (145,350 | ) | 128,496 | ||||||||||
Net change in net unrealized appreciation (depreciation) |
(1,161,848 | ) | 783,363 | (1,080,165 | ) | 485,717 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from operations |
(1,146,419 | ) | 970,359 | (1,100,386 | ) | 679,282 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Distributions to Shareholders |
(125,672 | ) | (33,536 | ) | (182,588 | ) | (27,800 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Fund Shares Transactions |
||||||||||||||||
Proceeds from shares sold |
2,580,181 | 11,371,328 | 1,210,311 | 11,335,683 | ||||||||||||
Value of shares redeemed |
(1,257,281 | ) | (1,351,421 | ) | (1,205,460 | ) | (1,316,483 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from fund share transactions |
1,322,900 | 10,019,907 | 4,851 | 10,019,200 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total net increase (decrease) in Net Assets |
50,809 | 10,956,730 | (1,278,123 | ) | 10,670,682 | |||||||||||
Net Assets |
||||||||||||||||
Beginning of period |
10,956,755 | 25 | 10,670,707 | 25 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
End of period |
$ | 11,007,564 | $ | 10,956,755 | $ | 9,392,584 | $ | 10,670,707 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Changes in Shares Outstanding |
||||||||||||||||
Shares outstanding, beginning of period |
400,001 | 1 | 400,001 | 1 | ||||||||||||
Shares sold |
100,000 | 450,000 | 50,000 | 450,000 | ||||||||||||
Shares redeemed |
(50,000 | ) | (50,000 | ) | (50,000 | ) | (50,000 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Shares outstanding, end of period |
450,001 | 400,001 | 400,001 | 400,001 | ||||||||||||
|
|
|
|
|
|
|
|
(1) |
Commencement of Operations. |
See Notes to Financial Statements. | 85 |
DBX ETF Trust
Xtrackers
Emerging Markets Carbon Reduction and Climate Improvers ETF Selected Per Share Data |
Years Ended August 31, | Period Ended 8/31/2019(a) |
||||||||||||||
2022 | 2021 | 2020 | ||||||||||||||
Net Asset Value, beginning of period |
$ | 34.69 | $ | 27.90 | $ | 25.42 | $ | 25.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.70 | 0.57 | 0.68 | 0.60 | ||||||||||||
Net realized and unrealized gain (loss) |
(7.88 | ) | 6.86 | 2.53 | 0.27 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total from investment operations |
(7.18 | ) | 7.43 | 3.21 | 0.87 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less distributions from: |
| |||||||||||||||
Net investment income |
(0.58 | ) | (0.64 | ) | (0.73 | ) | (0.45 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total distributions |
(0.58 | ) | (0.64 | ) | (0.73 | ) | (0.45 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value, end of period |
$ | 26.93 | $ | 34.69 | $ | 27.90 | $ | 25.42 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Return (%)(c) |
(20.81 | ) | 26.80 | 12.74 | 3.44 | ** | ||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
493 | 496 | 8 | 8 | ||||||||||||
Ratio of expenses before fee waiver (%) |
0.15 | 0.16 | 0.16 | 0.16 | * | |||||||||||
Ratio of expenses after fee waiver (%) |
0.15 | 0.16 | 0.16 | 0.16 | * | |||||||||||
Ratio of net investment income (loss) (%) |
2.30 | 1.97 | 2.61 | 3.17 | * | |||||||||||
Portfolio turnover rate (%)(d) |
33 | 17 | 13 | 10 | ** | |||||||||||
Xtrackers
MSCI EAFE ESG Leaders Equity ETF Selected Per Share Data |
Years Ended August 31, | Period Ended 8/31/2019(e) |
||||||||||||||
2022 | 2021 | 2020 | ||||||||||||||
Net Asset Value, beginning of period |
$ | 31.79 | $ | 25.96 | $ | 24.10 | $ | 25.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.85 | 0.72 | 0.59 | 0.78 | ||||||||||||
Net realized and unrealized gain (loss) |
(7.57 | ) | 5.80 | 1.83 | (1.01 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total from investment operations |
(6.72 | ) | 6.52 | 2.42 | (0.23 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less distributions from: |
| |||||||||||||||
Net investment income |
(0.81 | ) | (0.69 | ) | (0.56 | ) | (0.66 | ) | ||||||||
Net realized gains |
— | — | — | (0.01 | ) | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total distributions |
(0.81 | ) | (0.69 | ) | (0.56 | ) | (0.67 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value, end of period |
$ | 24.26 | $ | 31.79 | $ | 25.96 | $ | 24.10 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Return (%)(c) |
(21.40 | ) | 25.28 | 10.12 | (0.91 | )** | ||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
29 | 19 | 12 | 7 | ||||||||||||
Ratio of expenses before fee waiver (%) |
0.14 | 0.14 | 0.14 | 0.14 | * | |||||||||||
Ratio of expenses after fee waiver (%) |
0.14 | 0.14 | 0.14 | 0.14 | * | |||||||||||
Ratio of net investment income (loss) (%) |
3.04 | 2.45 | 2.39 | 3.25 | * | |||||||||||
Portfolio turnover rate (%)(d) |
22 | 22 | 16 | 10 | ** |
(a) |
For the period December 6, 2018 (commencement of operations) through August 31, 2019. |
(b) |
Based on average shares outstanding during the period. |
(c) |
Total Return would have been lower if certain expenses had not been reimbursed by the Advisor. |
(d) |
Portfolio turnover rate does not include securities received or delivered from processing creations or redemptions. |
(e) |
For the period September 6, 2018 (commencement of operations) through August 31, 2019. |
* |
Annualized. |
** |
Not Annualized. |
See Notes to Financial Statements. | 86 |
DBX ETF Trust
Financial Highlights (Continued)
Xtrackers
MSCI Emerging Markets ESG Leaders Equity ETF Selected Per Share Data |
Years Ended August 31, | Period Ended 8/31/2019(a) |
||||||||||||||
2022 | 2021 | 2020 | ||||||||||||||
Net Asset Value, beginning of period |
$ | 33.60 | $ | 28.57 | $ | 24.70 | $ | 25.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.64 | 0.49 | 0.86 | 0.50 | ||||||||||||
Net realized and unrealized gain (loss) |
(9.14 | ) | 4.77 | 4.07 | (0.53 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total from investment operations |
(8.50 | ) | 5.26 | 4.93 | (0.03 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less distributions from: |
| |||||||||||||||
Net investment income |
(0.71 | ) | (0.23 | ) | (1.06 | ) | (0.27 | ) | ||||||||
Net realized gains |
— | — | (0.00 | )(c) | — | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total distributions |
(0.71 | ) | (0.23 | ) | (1.06 | ) | (0.27 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value, end of period |
$ | 24.39 | $ | 33.60 | $ | 28.57 | $ | 24.70 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Return (%)(d) |
(25.55 | ) | 18.43 | 20.32 | (0.17 | )** | ||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
23 | 25 | 9 | 7 | ||||||||||||
Ratio of expenses before fee waiver (%) |
0.20 | 0.20 | 0.20 | 0.20 | * | |||||||||||
Ratio of expenses after fee waiver (%) |
0.20 | 0.20 | 0.20 | 0.20 | * | |||||||||||
Ratio of net investment income (loss) (%) |
2.22 | 1.48 | 3.38 | 2.68 | * | |||||||||||
Portfolio turnover rate (%)(e) |
24 | 26 | 17 | 16 | ** | |||||||||||
Xtrackers
MSCI USA ESG Leaders Equity ETF Selected Per Share Data |
Years Ended August 31, | Period Ended 8/31/2019(f) |
||||||||||||||
2022 | 2021 | 2020 | ||||||||||||||
Net Asset Value, beginning of period |
$ | 41.89 | $ | 31.84 | $ | 26.69 | $ | 25.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.53 | 0.50 | 0.51 | 0.24 | ||||||||||||
Net realized and unrealized gain (loss) |
(6.04 | ) | 10.05 | 5.10 | 1.57 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total from investment operations |
(5.51 | ) | 10.55 | 5.61 | 1.81 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less distributions from: |
| |||||||||||||||
Net investment income |
(0.51 | ) | (0.50 | ) | (0.46 | ) | (0.12 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total distributions |
(0.51 | ) | (0.50 | ) | (0.46 | ) | (0.12 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value, end of period |
$ | 35.87 | $ | 41.89 | $ | 31.84 | $ | 26.69 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Return (%)(d) |
(13.29 | ) | 33.48 | 21.42 | 7.23 | ** | ||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
3,060 | 3,889 | 2,666 | 1,341 | ||||||||||||
Ratio of expenses before fee waiver (%) |
0.10 | 0.10 | 0.10 | 0.10 | * | |||||||||||
Ratio of expenses after fee waiver (%) |
0.09 | 0.09 | 0.09 | 0.10 | * | |||||||||||
Ratio of net investment income (loss) (%) |
1.32 | 1.39 | 1.83 | 1.89 | * | |||||||||||
Portfolio turnover rate (%)(e) |
6 | 12 | 9 | 5 | ** |
(a) |
For the period December 6, 2018 (commencement of operations) through August 31, 2019. |
(b) |
Based on average shares outstanding during the period. |
(c) |
Amount represents less than $0.005. |
(d) |
Total Return would have been lower if certain expenses had not been reimbursed by the Advisor. |
(e) |
Portfolio turnover rate does not include securities received or delivered from processing creations or redemptions. |
(f) |
For the period March 7, 2019 (commencement of operations) through August 31, 2019. |
* |
Annualized. |
** |
Not Annualized. |
See Notes to Financial Statements. | 87 |
DBX ETF Trust
Financial Highlights (Continued)
Xtrackers Net Zero
Pathway Paris Aligned US Equity ETF Selected Per Share Data |
Period Ended 8/31/2022(a) |
|||||||||||||||
Net Asset Value, beginning of period |
$ | 25.00 | ||||||||||||||
|
|
|||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.07 | |||||||||||||||
Net realized and unrealized gain (loss) |
0.14 | |||||||||||||||
|
|
|||||||||||||||
Total from investment operations |
0.21 | |||||||||||||||
|
|
|||||||||||||||
Net Asset Value, end of period |
$ | 25.21 | ||||||||||||||
|
|
|||||||||||||||
Total Return (%)(c) |
0.84 | ** | ||||||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
76 | |||||||||||||||
Ratio of expenses before fee waiver (%) |
0.10 | * | ||||||||||||||
Ratio of expenses after fee waiver (%) |
0.10 | * | ||||||||||||||
Ratio of net investment income (loss) (%) |
1.50 | * | ||||||||||||||
Portfolio turnover rate (%)(d) |
11 | ** | ||||||||||||||
Xtrackers
S&P 500 ESG ETF Selected Per Share Data |
Years Ended August 31, | Period Ended 8/31/2019(e) |
||||||||||||||
2022 | 2021 | 2020 | ||||||||||||||
Net Asset Value, beginning of period |
$ | 39.93 | $ | 31.08 | $ | 25.30 | $ | 25.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss)(b) |
0.53 | 0.49 | 0.50 | 0.10 | ||||||||||||
Net realized and unrealized gain (loss) |
(4.32 | ) | 8.79 | 5.85 | 0.20 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total from investment operations |
(3.79 | ) | 9.28 | 6.35 | 0.30 | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Less distributions from: |
| |||||||||||||||
Net investment income |
(0.53 | ) | (0.43 | ) | (0.57 | ) | — | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Total distributions |
(0.53 | ) | (0.43 | ) | (0.57 | ) | — | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Net Asset Value, end of period |
$ | 35.61 | $ | 39.93 | $ | 31.08 | $ | 25.30 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Return (%)(c) |
(9.59 | ) | 30.16 | 25.71 | 1.20 | ** | ||||||||||
Ratios to Average Net Assets and Supplemental Data |
||||||||||||||||
Net Assets, end of period ($ millions) |
748 | 745 | 270 | 11 | ||||||||||||
Ratio of expenses before fee waiver (%) |
0.11 | 0.11 | 0.11 | 0.11 | * | |||||||||||
Ratio of expenses after fee waiver (%) |
0.10 | 0.10 | 0.11 | 0.11 | * | |||||||||||
Ratio of net investment income (loss) (%) |
1.37 | 1.41 | 1.86 | 2.08 | * | |||||||||||
Portfolio turnover rate (%)(d) |
6 | 13 | 11 | 0 | ** |
(a) |
For the period June 28, 2022 (commencement of operations) through August 31, 2022. |
(b) |
Based on average shares outstanding during the period. |
(c) |
Total Return would have been lower if certain expenses had not been reimbursed by the Advisor. |
(d) |
Portfolio turnover rate does not include securities received or delivered from processing creations or redemptions. |
(e) |
For the period June 26, 2019 (commencement of operations) through August 31, 2019. |
* |
Annualized. |
** |
Not Annualized. |
See Notes to Financial Statements. | 88 |
DBX ETF Trust
Financial Highlights (Continued)
Xtrackers S&P
MidCap 400 ESG ETF Selected Per Share Data |
Year Ended 8/31/2022 |
Period Ended 8/31/2021(a) |
||||||
Net Asset Value, beginning of period |
$ | 27.39 | $ | 25.00 | ||||
|
|
|
|
|||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss)(b) |
0.32 | 0.14 | ||||||
Net realized and unrealized gain (loss) |
(2.94 | ) | 2.33 | |||||
|
|
|
|
|||||
Total from investment operations |
(2.62 | ) | 2.47 | |||||
|
|
|
|
|||||
Less distributions from: |
| |||||||
Net investment income |
(0.31 | ) | (0.08 | ) | ||||
|
|
|
|
|||||
Total distributions |
(0.31 | ) | (0.08 | ) | ||||
|
|
|
|
|||||
Net Asset Value, end of period |
$ | 24.46 | $ | 27.39 | ||||
|
|
|
|
|||||
Total Return (%)(c) |
(9.64 | ) | 9.92 | ** | ||||
Ratios to Average Net Assets and Supplemental Data |
||||||||
Net Assets, end of period ($ millions) |
11 | 11 | ||||||
Ratio of expenses before fee waiver (%) |
0.15 | 0.15 | * | |||||
Ratio of expenses after fee waiver (%) |
0.15 | 0.15 | * | |||||
Ratio of net investment income (loss) (%) |
1.24 | 1.00 | * | |||||
Portfolio turnover rate (%)(d) |
41 | 27 | ** | |||||
Xtrackers S&P
SmallCap 600 ESG ETF Selected Per Share Data |
Year Ended 8/31/2022 |
Period Ended 8/31/2021(a) |
||||||
Net Asset Value, beginning of period |
$ | 26.68 | $ | 25.00 | ||||
|
|
|
|
|||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss)(b) |
0.31 | 0.16 | ||||||
Net realized and unrealized gain (loss) |
(3.05 | ) | 1.59 | |||||
|
|
|
|
|||||
Total from investment operations |
(2.74 | ) | 1.75 | |||||
|
|
|
|
|||||
Less distributions from: |
| |||||||
Net investment income |
(0.34 | ) | (0.07 | ) | ||||
Net realized gains |
(0.12 | ) | — | |||||
|
|
|
|
|||||
Total distributions |
(0.46 | ) | (0.07 | ) | ||||
|
|
|
|
|||||
Net Asset Value, end of period |
$ | 23.48 | $ | 26.68 | ||||
|
|
|
|
|||||
Total Return (%)(c) |
(10.43 | ) | 7.01 | ** | ||||
Ratios to Average Net Assets and Supplemental Data |
||||||||
Net Assets, end of period ($ millions) |
9 | 11 | ||||||
Ratio of expenses before fee waiver (%) |
0.15 | 0.15 | * | |||||
Ratio of expenses after fee waiver (%) |
0.15 | 0.15 | * | |||||
Ratio of net investment income (loss) (%) |
1.22 | 1.19 | * | |||||
Portfolio turnover rate (%)(d) |
43 | 25 | ** |
(a) |
For the period February 24, 2021 (commencement of operations) through August 31, 2021. |
(b) |
Based on average shares outstanding during the period. |
(c) |
Total Return would have been lower if certain expenses had not been reimbursed by the Advisor. |
(d) |
Portfolio turnover rate does not include securities received or delivered from processing creations or redemptions. |
* |
Annualized. |
** |
Not Annualized. |
See Notes to Financial Statements. | 89 |
DBX ETF Trust
1. Organization
DBX ETF Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end registered management investment company organized as a Delaware statutory trust.
As of August 31, 2022, the Trust consists of thirty-five investment series of exchange-traded funds (“ETFs”) (each a “Fund” and collectively, the “Funds”) in operation and trading. These financial statements report on the Funds listed below:
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF | ||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | ||
Xtrackers MSCI USA ESG Leaders Equity ETF | ||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | ||
Xtrackers S&P 500 ESG ETF | ||
Xtrackers S&P MidCap 400 ESG ETF | ||
Xtrackers S&P SmallCap 600 ESG ETF |
DBX Advisors LLC (“DBX” or the “Advisor”), an indirect, wholly-owned subsidiary of DWS Group GmbH & Co. KGaA (“DWS Group”), serves as investment advisor to the Funds and has overall responsibility for the general management and administration of the Funds, subject to the supervision of the Funds’ Board of Trustees (“Board”).
Each Fund offers shares that are listed and traded on the NYSE Arca, Inc. (“NYSE Arca”). Unlike conventional mutual funds, each Fund issues and redeems shares on a continuous basis, at net asset value (“NAV”), only in large specified lots consisting of 50,000 shares, each called a “Creation Unit”, to authorized participants who have entered into agreements with the Funds’ distributor. Shares are not individually redeemable securities of the Funds, and owners of the shares may acquire those shares from the Funds, or tender such shares for redemption to the Funds, in Creation Units only.
The investment objective of each Fund is to track the performance, before fees and expenses, of a particular index (the “Underlying Index”). The underlying indices for the Funds are:
Fund |
Underlying Index | |
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR | |
Xtrackers MSCI EAFE ESG Leaders Equity ETF | MSCI EAFE ESG Leaders Index | |
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | MSCI Emerging Markets ESG Leaders Index | |
Xtrackers MSCI USA ESG Leaders Equity ETF | MSCI USA ESG Leaders Index | |
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | Solactive ISS ESG United States Net Zero Pathway Enhanced Index | |
Xtrackers S&P 500 ESG ETF | S&P 500 ESG Index | |
Xtrackers S&P MidCap 400 ESG ETF | S&P MidCap 400 ESG Index | |
Xtrackers S&P SmallCap 600 ESG ETF | S&P SmallCap 600 ESG Index |
The Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR is comprised of large and mid-capitalization companies in emerging markets countries that meet certain environmental, social and governance (“ESG”) criteria and/or have committed to greenhouse gas emissions reduction targets. The Under-lying Index is then weighted in such a manner seeking to align its constituent companies’ greenhouse gas emissions with the long-term global warming target of the Paris Climate Agreement. Under normal circumstances, the Underlying Index is rebalanced semi-annually in February and August, and thus the Fund updates and rebalances its portfolio in a corresponding fashion.
The MSCI EAFE ESG Leaders Index is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The Underlying Index consists of large- and medium-capitalization companies across developed markets countries, excluding Canada and the United States. The annual review of the Underlying Index takes place in May and it is rebalanced in August, November and February, and thus the Fund updates and rebalances its portfolio in a corresponding fashion.
90
DBX ETF Trust
Notes to Financial Statements (Continued)
The MSCI Emerging Markets ESG Leaders Index is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The Underlying Index consists of large- and medium-capitalization companies across emerging markets countries. The annual review of the Underlying Index takes place in May and it is rebalanced in August, November and February, and thus the Fund updates and rebalances its portfolio in a corresponding fashion.
MSCI USA ESG Leaders Index is a capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers. The Underlying Index consists of large- and medium-capitalization companies in the U.S market. The annual review of the Underlying Index takes place in May and it is rebalanced in August, November and February, and thus the Fund updates and rebalances its portfolio in a corresponding fashion.
Solactive ISS ESG United States Net Zero Pathway Enhanced Index is comprised of large and mid-capitalization companies in the United States that meet certain environmental, social and governance (“ ESG ”) criteria. The constituents of the Underlying Index are weighted in such a manner seeking to comply with the European Union Paris-aligned Benchmark standards, while incorporating recommendations of the Net Zero Investment Framework published, from time to time, by the Institutional Investors Group on Climate Change. Under normal circumstances, the Underlying Index is rebalanced semi-annually in February and August. The fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the fund’s rebalance schedule.
S&P 500 ESG Index is a broad-based, market capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Index. Under normal circumstances, the Underlying Index is rebalanced annually, effective after the close of the last business day of April. The Fund rebalances its portfolio in accordance with the Underlying Index, and therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.
S&P MidCap 400 ESG Index is a broad-based, market capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P MidCap 400 Index. Under normal circumstances, the Underlying Index is rebalanced annually, effective after the close of the last business day of April. The Fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.
S&P SmallCap 600 ESG is a broad-based, market capitalization weighted index that provides exposure to companies with high ESG performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P SmallCap 600 Index. Under normal circumstances, the Underlying Index is rebalanced annually, effective after the close of the last business day of April. The Fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.
Each Fund is entitled to use its respective Underlying Index pursuant to a licensing agreement between the Index Provider and DBX. There is no charge to the Funds in connection with these licensing agreements.
Each Fund, except Xtrackers MSCI EAFE ESG Leaders Equity ETF, Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF and Xtrackers MSCI USA ESG Leaders Equity ETF, is non-diversified and is not limited by the Act with regard to the percentage of its assets that may be invested in the securities of a single issuer. This means the securities of a particular issuer (or securities of issuers in particular industries) may dominate the Underlying Index of the Fund and, consequently, the Fund’s investment portfolio. This may adversely affect the Fund’s performance or subject the Fund’s shares to greater price volatility than that experienced by more diversified investment companies. Each Fund may change its diversification status over time and then change it back again, without shareholder approval, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index each Fund tracks.
Pursuant to the Trust’s organizational documents, the Trust’s officers and trustees are indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business the Trust enters into contracts that contain a variety of representations that provide indemnification for
91
DBX ETF Trust
Notes to Financial Statements (Continued)
certain liabilities. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Trust expects the risk of loss to be remote.
2. Significant Accounting Policies
The financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. Each Fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of U.S. GAAP. The following is a summary of significant accounting policies followed by the Funds.
Security Valuation The NAV of each Fund’s shares is calculated each business day as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. Eastern Time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding.
The Funds’ Board has designated the Advisor as the valuation designee for the Funds pursuant to Rule 2a-5 under the 1940 Act. The Advisor’s Pricing Committee (the “Pricing Committee”) typically values securities using readily available market quotations or prices supplied by independent pricing services (which are considered fair values under Rule 2a-5). The Advisor has adopted fair valuation procedures that provide methodologies for fair valuing securities.
Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
Equity securities and ETFs are valued at the most recent sale price or official closing price reported on the exchange (U.S. or foreign) or over-the-counter market on which they trade. Securities or ETFs for which no sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation. Equity securities and ETFs are generally categorized as Level 1.
Corporate and sovereign debt securities are valued at prices supplied by independent pricing services approved by the Pricing Committee. Such services may use various pricing techniques which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as broker quotes. If the pricing services are unable to provide valuations, securities are valued at the mean between the bid and ask quotations or evaluated prices, as applicable, obtained from broker-dealers. These securities are generally categorized as Level 2
Investments in open-end investment companies are valued at their NAV each business day and are categorized as Level 1.
Futures contracts are generally valued at the settlement prices established each day on the exchange on which they are traded and are categorized as Level 1.
Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Pricing Committee and are generally categorized as Level 3. In accordance with the Funds’ valuation procedures, factors considered in determining value may include, but are not limited to, the type of the security; the size of the holding; the initial cost of the security; the existence of any contractual restrictions on the security’s disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers and/or pricing services; information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities); an analysis of the company’s or issuer’s financial statements; an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold; and with respect to
92
DBX ETF Trust
Notes to Financial Statements (Continued)
debt securities, the maturity, coupon, creditworthiness, currency denomination and the movement of the market in which the security is normally traded. The value determined under these procedures may differ from published values for the same securities.
Fair value pricing could result in a difference between the prices used to calculate a Fund’s NAV and the prices used by the Fund’s Underlying Index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s Underlying Index.
Disclosure about the classification of the fair value measurements is included in a table following the Fund’s Schedule of Investments.
Cash Cash consists of cash held at banks and is on deposit with major financial institutions.
Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses from the sale or disposition of securities are calculated on the identified cost-method. Dividend income is net of any foreign taxes withheld at source. Certain dividends from foreign securities may be recorded subsequent to the ex-dividend date as soon as the fund is informed of such dividends. Interest income is recorded on the accrual basis. Distributions received from foreign domiciled corporations, generally determined to be passive foreign investment companies for tax reporting purposes, are included in dividend income.
Tax Information and Dividends and Distributions to Shareholders It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (“the Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF, Xtrackers MSCI EAFE ESG Leaders Equity ETF and Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF to pay out dividends from its net investment income, if any, to investors semi-annually. It is the policy of Xtrackers MSCI USA ESG Leaders Equity ETF, Xtrackers Net Zero Pathway Paris Aligned US Equity ETF, Xtrackers S&P 500 ESG ETF, Xtrackers S&P MidCap 400 ESG ETF and Xtrackers S&P SmallCap 600 ESG ETF to pay out dividends from its net investment income, if any, to investors quarterly. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Funds reserve the right to declare special distributions if, in their reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with Federal income tax regulations which may differ from U.S. GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified at the end of the year within the components of net assets based on their federal tax treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profits for the full year for tax purposes, are reported as a tax return of capital.
In accordance with U.S. GAAP requirements regarding accounting for uncertainties in income taxes, management has analyzed the Funds’ tax positions taken or expected to be taken on foreign, federal and state income tax returns for all open tax years and has concluded that no provision for income tax is required in the Funds’ financial statements.
The Funds recognize interest and penalties, if any, related to uncertain tax positions as income tax expense on the Statements of Operations. For the year ended August 31, 2022, the Funds did not incur any interest or penalties.
93
DBX ETF Trust
Notes to Financial Statements (Continued)
As of August 31, 2022, the components of accumulated earnings (losses) on a tax basis were as follows:
Undistributed Ordinary Income* |
Capital and Other Gains (Losses) |
Unrealized Appreciation (Depreciation) |
Total Accumulated Earnings (Losses) |
|||||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 4,688,050 | $ | (36,339,119 | ) | $ | (109,476,689 | ) | $ | (141,127,758 | ) | |||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
85,856 | (722,959 | ) | (3,530,120 | ) | (4,167,223 | ) | |||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
92,653 | (1,101,308 | ) | (3,333,542 | ) | (4,342,197 | ) | |||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
8,712,676 | (33,067,012 | ) | 310,584,395 | 286,230,059 | |||||||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
205,910 | — | 1,520,008 | 1,725,918 | ||||||||||||
Xtrackers S&P 500 ESG ETF |
2,224,417 | (3,207,022 | ) | (43,618,583 | ) | (44,601,188 | ) | |||||||||
Xtrackers S&P MidCap 400 ESG ETF |
30,444 | (3,522 | ) | (687,873 | ) | (660,951 | ) | |||||||||
Xtrackers S&P SmallCap 600 ESG ETF |
27,842 | (216,916 | ) | (828,866 | ) | (1,017,940 | ) |
The tax character of dividends and distributions declared for the period ended August 31, 2022 and year ended August 31, 2021 were as follows:
Period Ended August 31, 2022 |
||||
Ordinary Income* | ||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 9,660,140 | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
738,856 | |||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
519,666 | |||
Xtrackers MSCI USA ESG Leaders Equity ETF |
45,094,920 | |||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
— | |||
Xtrackers S&P 500 ESG ETF |
10,676,805 | |||
Xtrackers S&P MidCap 400 ESG ETF |
125,672 | |||
Xtrackers S&P SmallCap 600 ESG ETF |
182,588 | |||
Year Ended August 31, 2021 |
||||
Ordinary Income* | ||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 192,472 | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
404,392 | |||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
82,138 | |||
Xtrackers MSCI USA ESG Leaders Equity ETF |
44,278,620 | |||
Xtrackers S&P 500 ESG ETF |
5,646,092 | |||
Xtrackers S&P MidCap 400 ESG ETF |
33,536 | |||
Xtrackers S&P SmallCap 600 ESG ETF |
27,800 |
* |
For tax purposes short-term capital gain distributions are considered ordinary income distributions. |
At August 31, 2022, for Federal income tax purposes, the Funds have capital loss carryforwards available as shown in the table below, to the extent provided by regulations, to offset future capital gains for an unlimited period. To the extent that these loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will not be distributed to shareholders.
Short-Term | Long-Term | Total Amount | ||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 35,935,999 | $ | 403,120 | $ | 36,339,119 | ||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
313,618 | 409,341 | 722,959 | |||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
483,759 | 617,549 | 1,101,308 | |||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
9,242,769 | 23,824,243 | 33,067,012 | |||||||||
Xtrackers S&P 500 ESG ETF |
3,129,116 | 77,906 | 3,207,022 | |||||||||
Xtrackers S&P MidCap 400 ESG ETF |
— | 3,522 | 3,522 | |||||||||
Xtrackers S&P SmallCap 600 ESG ETF |
49,959 | 166,957 | 216,916 |
94
DBX ETF Trust
Notes to Financial Statements (Continued)
For the period ended August 31, 2022, the effect of permanent “book/tax” reclassifications to the components of net assets are included below. These differences are primarily due to redemptions-in-kind and equalization.
Distributable earnings (loss) |
Paid-In Capital |
|||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 9,789,387 | $ | (9,789,387 | ) | |||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
120 | (120 | ) | |||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
(115,440 | ) | 115,440 | |||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
(527,093,924 | ) | 527,093,924 | |||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
(853,159 | ) | 853,159 | |||||
Xtrackers S&P 500 ESG ETF |
(87,409,035 | ) | 87,409,035 | |||||
Xtrackers S&P MidCap 400 ESG ETF |
(173,474 | ) | 173,474 | |||||
Xtrackers S&P SmallCap 600 ESG ETF |
(263,413 | ) | 263,413 |
As of August 31, 2022, the aggregate cost of investments for federal income tax purposes, the net unrealized appreciation or (depreciation) and the aggregated gross unrealized appreciation (depreciation) on investments were as follows:
Aggregate Tax Cost |
Net Unrealized Appreciation (Depreciation) |
Aggregate Gross Unrealized Appreciation |
Aggregate Gross Unrealized (Depreciation) |
|||||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 602,132,890 | $ | (109,419,520 | ) | $ | 16,251,105 | $ | (125,670,625 | ) | ||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
32,501,513 | (3,523,038 | ) | 671,408 | (4,194,446 | ) | ||||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
26,074,692 | (3,283,405 | ) | 1,207,289 | (4,490,694 | ) | ||||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
2,744,831,492 | 310,584,395 | 436,242,789 | (125,658,394 | ) | |||||||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
74,006,257 | 1,520,008 | 3,249,343 | (1,729,335 | ) | |||||||||||
Xtrackers S&P 500 ESG ETF |
790,353,761 | (43,618,583 | ) | 30,515,577 | (74,134,160 | ) | ||||||||||
Xtrackers S&P MidCap 400 ESG ETF |
11,692,863 | (687,873 | ) | 775,499 | (1,463,372 | ) | ||||||||||
Xtrackers S&P SmallCap 600 ESG ETF |
10,271,336 | (828,866 | ) | 723,545 | (1,552,411 | ) |
Foreign Taxes The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, capital gains on investments, certain foreign currency transactions or other corporate events. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are paid by the Funds and are reflected in their Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on capital gains from sales of investments and foreign currency transactions are included in their respective net realized gain (loss) categories, and deferred foreign taxes on unrealized gains are included in net change in unrealized appreciation (depreciation). Receivables and payables related to foreign taxes as of August 31, 2022, if any, are disclosed in the Funds’ Statements of Assets and Liabilities.
Foreign Currency Translations The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.
Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the acquisition and disposition of foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. The portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed, but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.
95
DBX ETF Trust
Notes to Financial Statements (Continued)
Securities Lending The Funds may lend securities to certain financial institutions under the terms of their securities lending agreement. During the term of the loans, the Funds continue to receive interest and dividends generated by the securities and to participate in any changes in their market value. The Funds require the borrowers of the securities to maintain collateral with the Funds consisting of cash and/or securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities having a value at least equal to the value of the securities loaned. When the collateral falls below specified amounts, the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the securities lending agreement. During the year ended August 31, 2022, the Funds invested the cash collateral into a joint trading account in DWS Government & Agency Securities Portfolio, an affiliated money market fund managed by DWS Investment Management Americas, Inc. DWS Investment Management Americas, Inc. receives a management/administration fee (0.06% annualized effective rate as of August 31, 2022) on the cash collateral invested in DWS Government & Agency Securities Portfolio. The Funds receive compensation for lending their securities either in the form of fees or by earning interest on invested cash collateral, net of borrower rebates and fees paid to a lending agent. Either the Fund or the borrower may terminate the loan at any time and the borrower, after notice, is required to return borrowed securities within a standard time period. There may be risks of delay and costs in recovery of securities or even loss of rights in the collateral should the borrower of the securities fail financially. If the Funds are not able to recover securities lent, the Funds may sell the collateral and purchase a replacement investment in the market, incurring the risk that the value of the replacement security is greater than the value of the collateral. The Funds are also subject to all investment risks associated with the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.
As of August 31, 2022, the Funds listed below had securities on loan. The value of the related collateral exceeded the value of the securities loaned at period end.
Remaining Contractual Maturity of the Agreements, as of August 31, 2022 |
||||||||||||||||||||
Securities Lending Transactions | Overnight and Continuous |
<30 Days | Between 30 & 90 days |
>90 days | Total | |||||||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
| |||||||||||||||||||
Common Stocks |
$ | 1,366,731 | $ | — | $ | — | $ | 4,316,668 | $ | 5,683,399 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 5,683,399 | |||||||||||||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
| |||||||||||||||||||
Common Stocks |
$ | 75,746 | $ | — | $ | 42 | $ | 460,146 | $ | 535,934 | ||||||||||
Exchange-Trade Funds |
36,380 | — | — | — | 36,380 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 112,126 | $ | — | $ | 42 | $ | 460,146 | $ | 572,314 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 572,314 | |||||||||||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
| |||||||||||||||||||
Common Stocks |
$ | 43,257 | $ | — | $ | — | $ | 33,792 | $ | 77,049 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 77,049 | |||||||||||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
| |||||||||||||||||||
Common Stocks |
$ | 804,200 | $ | 629,197 | $ | 4,150,935 | $ | 24,314,803 | $ | 29,899,135 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 29,899,135 | |||||||||||||||||
Xtrackers S&P 500 ESG ETF |
| |||||||||||||||||||
Common Stocks |
$ | — | $ | 1,578 | $ | 35,228 | $ | 9,910,836 | $ | 9,947,642 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 9,947,642 | |||||||||||||||||
Xtrackers S&P MidCap 400 ESG ETF |
| |||||||||||||||||||
Common Stocks |
$ | — | $ | 20 | $ | 458 | $ | 542,064 | $ | 542,542 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 542,542 | |||||||||||||||||
Xtrackers S&P SmallCap 600 ESG ETF |
| |||||||||||||||||||
Common Stocks |
$ | 22,525 | $ | 4 | $ | 85 | $ | 572,776 | $ | 595,390 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities and non-cash collateral for securities lending transactions |
|
$ | 595,390 |
As of August 31, 2022, Xtrackers Net Zero Pathway Paris Aligned US Equity ETF had no securities on loan.
96
DBX ETF Trust
Notes to Financial Statements (Continued)
Derivatives
Futures Contracts Each Fund may enter into futures contracts. These futures contracts will be used to simulate investment in the respective Underlying Index, to facilitate trading or to reduce transaction costs. Each Fund will enter into futures contracts that are traded on a U.S. or non-U.S. exchange. No Fund will use futures for speculative purposes. Futures contracts provide for the future sale by one party and purchase by another party of a specified amount of a specific instrument or index at a specified future time and at a specified price. For the year ended August 31, 2022, Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF, Xtrackers MSCI EAFE ESG Leaders Equity ETF, Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF, Xtrackers MSCI USA ESG Leaders Equity ETF, Xtrackers Net Zero Pathway Paris Aligned US Equity ETF and Xtrackers S&P 500 ESG ETF utilized futures in order to simulate investment in the Funds’ Underlying Index. To the extent required by law, liquid assets committed to futures contracts will be maintained.
At the time each Fund enters into a futures contract, each Fund deposits and maintains as collateral an initial margin with the broker, as required by the exchange on which the transaction is affected. Pursuant to the contract, each Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in the value of the contract. Such receipts or payments are known as variation margin and are recorded by each Fund as unrealized gains or losses. Risks may arise from the potential inability of a counterparty to meet the terms of the contract. The credit/counterparty risk for exchange-traded futures contracts is generally less than privately negotiated futures contracts, since the clearinghouse, which is the issuer or counterparty to each exchange-traded future, provides a guarantee of performance. The guarantee is supported by a daily payment system (i.e., margin requirements).
Use of long futures contracts subjects each Fund to risk of loss in excess of the amounts shown on the Statement of Assets and Liabilities, up to the notional value of the futures contracts. Use of short futures contracts subjects each Fund to unlimited risk of loss. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day’s settlement price, which could effectively prevent liquidation of unfavorable positions.
A summary of the open futures contracts as of August 31, 2022 is included in a table following the Funds’ Schedule of Investments.
The following tables summarize the value of the Funds’ derivative instruments held as of August 31, 2022 and the related location in the accompanying Statement of Assets and Liabilities, presented by primary underlying risk exposure:
Asset Derivatives |
Liability Derivatives |
|||||||||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | — | Unrealized depreciation on futures contracts* | $ | 42,145 | ||||||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | 1,100 | Unrealized depreciation on futures contracts* | $ | 3,688 | ||||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | — | Unrealized depreciation on futures contracts* | $ | 2,435 | ||||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | 56,400 | Unrealized depreciation on futures contracts* | $ | 111,869 | ||||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | — | Unrealized depreciation on futures contracts* | $ | 12,730 | ||||||||
Xtrackers S&P 500 ESG ETF |
|
|||||||||||||
Equity contracts | Unrealized appreciation on futures contracts* | $ | 21,968 | Unrealized depreciation on futures contracts* | $ | 59,787 |
* |
Includes cumulative appreciation or cumulative depreciation of futures contracts as disclosed in the Schedule of Investments. Unsettled variation margin is disclosed separately within the Statement of Assets and Liabilities. |
97
DBX ETF Trust
Notes to Financial Statements (Continued)
Additionally, the amount of realized and unrealized gains and losses on derivative instruments recognized in the Funds’ earnings during the period ended August 31, 2022 and the related location in the accompanying Statement of Operations is summarized in the following tables by primary underlying risk exposure:
Net Realized Gain (Loss) from: |
||||
Futures Contracts — Equity Contracts |
||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | (426,163 | ) | |
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
(9,218 | ) | ||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
(19,061 | ) | ||
Xtrackers MSCI USA ESG Leaders Equity ETF |
(744,318 | ) | ||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
(2,559 | ) | ||
Xtrackers S&P 500 ESG ETF |
(46,565 | ) | ||
Net Change in Unrealized Appreciation (Depreciation) on: |
||||
Futures Contracts — Equity Contracts |
||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | (41,689 | ) | |
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
(2,671 | ) | ||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
(6,500 | ) | ||
Xtrackers MSCI USA ESG Leaders Equity ETF |
(351,594 | ) | ||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
(12,730 | ) | ||
Xtrackers S&P 500 ESG ETF |
(110,379 | ) |
For the period ended August 31, 2022 the average monthly volume of derivatives was as follows:
Futures Contracts (Contract Value) |
||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 1,776,619 | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
114,095 | |||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
92,164 | |||
Xtrackers MSCI USA ESG Leaders Equity ETF |
5,672,160 | |||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
172,520 | |||
Xtrackers S&P 500 ESG ETF |
1,299,852 |
Affiliated Cash Management Vehicles The Funds may invest uninvested cash balances in DWS Government Money Market Series and DWS ESG Liquidity Fund, affiliated money market funds which are managed by DWS Investment Management Americas, Inc. (“DIMA”), also an indirect, wholly owned subsidiary of DWS Group GmbH & Co. KGaA. Each affiliated money market fund is managed in accordance with Rule 2a-7 under the 1940 Act, which governs the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest. DWS Government Money Market Series seeks to maintain a stable NAV, and DWS ESG Liquidity Fund maintains a floating NAV. The Funds indirectly bear their proportionate share of the expenses of each affiliated money market fund in which they invest. The Advisor will waive an amount of the unitary advisory fee payable to the Advisor by the Funds equal to such acquired fund’s fees and expenses on the Funds’ assets invested in the affiliated money market funds.
3. Investment Advisory and Other Agreements
The Advisor has overall responsibility for the general management and administration of the Funds, subject to the supervision of the Funds’ Board of Trustees. Under an investment advisory agreement between the Trust, on behalf of the Funds, and the Advisor (the “Investment Advisory Agreement”), the Advisor is responsible for arranging sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services for the Funds to operate.
98
DBX ETF Trust
Notes to Financial Statements (Continued)
For its investment advisory services to the Funds below, the Advisor was entitled to receive a unitary advisory fee based on each Fund’s average daily net assets, computed and accrued daily and payable monthly, at an annual rate equal to:
Unitary Advisory Fee |
||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
0.15 | % | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
0.14 | % | ||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
0.20 | % | ||
Xtrackers MSCI USA ESG Leaders Equity ETF |
0.10 | % | ||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
0.10 | % | ||
Xtrackers S&P 500 ESG ETF |
0.11 | % | ||
Xtrackers S&P MidCap 400 ESG ETF |
0.15 | % | ||
Xtrackers S&P SmallCap 600 ESG ETF |
0.15 | % |
The Advisor for the Xtrackers MSCI USA ESG Leaders Equity ETF has voluntarily elected to waive its fees and/or reimburse Fund expenses to the extent necessary to maintain the Fund’s total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest expense and acquired fund fees and expenses) at nine basis points of the Fund’s average daily net assets. Any voluntary waiver or reimbursement implemented by the Advisor may be eliminated by the Advisor at any time. For the year ended August 31, 2022, the Advisor waived $344,308 of expenses to the Fund.
The Advisor for the Xtrackers S&P 500 ESG ETF has contractually agreed through December 16, 2022 to waive its fees and/or reimburse fund expenses to the extent necessary to prevent the operating expenses of the fund (excluding interest expense, taxes, brokerage expenses, distribution fees or expenses, litigation expenses and other extraordinary expenses) from exceeding 0.10% of the fund’s average daily net assets. This agreement may only be terminated by the Fund’s Board (and may not be terminated by the Advisor) prior to that time. For the year ended August 31, 2022, the Advisor waived $80,475 of expenses to the Fund.
The Advisor for the Funds below has contractually agreed to waive a portion of its unitary advisory fee in an amount equal to the acquired fund’s fees and expenses attributable to the Funds’ investments in affiliated Funds. For the year ended August 31, 2022, the Advisor waived expenses of the Funds as follows:
Expenses Waived |
||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 360 | ||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
13 | |||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
24 | |||
Xtrackers MSCI USA ESG Leaders Equity ETF |
1,919 | |||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
12 | |||
Xtrackers S&P 500 ESG ETF |
433 | |||
Xtrackers S&P MidCap 400 ESG ETF |
2 | |||
Xtrackers S&P SmallCap 600 ESG ETF |
2 |
Out of the unitary advisory fee, the Advisor pays substantially all expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit and other services, and expenses of the Independent Trustees. Each Fund is responsible for the payment of interest expense, acquired fund fees and expenses, taxes, brokerage expenses, distribution fees or expenses, if any, litigation expenses and extraordinary expenses.
The Bank of New York Mellon, a wholly-owned subsidiary of The Bank of New York Mellon Corporation, serves as Administrator, Custodian, Accounting Agent, Lending Agent and Transfer Agent for each Fund.
ALPS Distributors, Inc. (the “Distributor”) serves as the distributor of Creation Units for each Fund on an agency basis. The Distributor does not maintain a secondary market in shares of the Funds.
The Board of Trustees is currently comprised of three Independent Trustees. The Advisor paid retainer fees and attendance fees to each Independent Trustee; retainer fees to the Chairman of the Board of Trustees and Chairman of the Audit Committee; and attendance fees to each member of the Audit Committee (which is comprised of all of the Funds’ Independent Trustees).
99
DBX ETF Trust
Notes to Financial Statements (Continued)
4. Investment Portfolio Transactions
For the year ended August 31, 2022, the cost of investments purchased and proceeds from sale of investments (excluding in-kind transactions and short-term investments) were as follows:
Purchases | Sales | |||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 342,266,102 | $ | 184,924,404 | ||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
5,799,884 | 5,660,465 | ||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
10,290,657 | 5,372,888 | ||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
189,740,715 | 201,576,885 | ||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
8,072,400 | 5,496,486 | ||||||
Xtrackers S&P 500 ESG ETF |
44,708,096 | 43,941,898 | ||||||
Xtrackers S&P MidCap 400 ESG ETF |
4,504,799 | 4,477,678 | ||||||
Xtrackers S&P SmallCap 600 ESG ETF |
4,408,019 | 4,464,607 |
For the year ended August 31, 2022, the cost of in-kind purchases and proceeds from in-kind sales were as follows:
Purchases | Sales | |||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 59,048,573 | $ | 50,858,508 | ||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
17,228,336 | — | ||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
1,537,319 | 1,820,839 | ||||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
858,549,113 | 1,238,727,575 | ||||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
74,473,310 | 4,264,213 | ||||||
Xtrackers S&P 500 ESG ETF |
453,803,949 | 348,267,598 | ||||||
Xtrackers S&P MidCap 400 ESG ETF |
2,580,265 | 1,250,558 | ||||||
Xtrackers S&P SmallCap 600 ESG ETF |
1,210,286 | 1,204,031 |
5. Fund Share Transactions
As of August 31, 2022, there were unlimited Fund shares, no par value, authorized by the Trust. Fund shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in capital shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of securities constituting a portfolio sampling representation of the securities included in the respective Fund’s Underlying Index and an amount of cash, which under certain circumstances may include cash in lieu of portfolio securities. Investors purchasing and redeeming Creation Units pay a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.
6. Concentration of Ownership
From time to time, the Funds may have a concentration of several shareholder accounts holding a significant percentage of shares outstanding. Investment activities of these shareholders could have a material impact on the Fund. At August 31, 2022, there was one affiliated shareholder account for each of the funds listed below holding a significant percentage of the shares outstanding:
Approximate Percent of Outstanding Shares Held |
||||
Xtrackers S&P MidCap 400 ESG ETF |
67 | % | ||
Xtrackers S&P SmallCap 600 ESG ETF |
93 | % |
7. Payments by Affiliates
During the year ended August 31, 2022, the Advisor agreed to reimburse Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF $2,700 for a loss due to a foreign currency trade executed incorrectly. The amount compensated was less than 0.01% of the Fund’s average net assets, thus having no impact on the Fund’s total return.
100
DBX ETF Trust
Notes to Financial Statements (Continued)
8. Investing in Emerging Markets
Investing in emerging markets may involve special risks and considerations not typically associated with investing in developed markets. These risks include revaluation of currencies, high rates of inflation or deflation, repatriation restrictions on income and capital, and future adverse political, social and economic developments. Moreover, securities issued in these markets may be less liquid, subject to government ownership controls or delayed settlements, and may have prices that are more volatile or less easily assessed than those of comparable securities of issuers in developed markets. There is also substantially less publicly available information about emerging market issuers than there is about issuers in developed countries. Therefore, disclosure of certain material information may not be made, and less information may be available to the Funds and other investors than would be the case if the Funds’ investments were restricted to securities of issuers in developed countries. Investments in emerging markets are often considered speculative.
Russia’s recent military incursions in Ukraine have led to, and may lead to additional sanctions being levied by the United States, European Union and other countries against Russia. Russia’s military incursion and the resulting sanctions could adversely affect global energy and financial markets and thus could affect the value of the Funds’ investments, even beyond any direct exposure the Funds may have to Russian issuers or the adjoining geographic regions. The extent and duration of the military action, sanctions and resulting market disruptions are impossible to predict, but could be substantial.
Investing in securities of Chinese issuers involves certain risks and considerations not typically associated with investing in securities of U.S. issuers, including, among others; more frequent (and potentially widespread) trading suspensions and government interventions with respect to Chinese issuers, resulting in lack of liquidity and in price volatility; currency revaluations and other currency exchange rate fluctuations or blockage; the nature and extent of intervention by the Chinese government in the Chinese securities markets (including both direct and indirect market stabilization efforts, which may affect valuations of Chinese issuers), whether such intervention will continue and the impact of such intervention or its discontinuation; the risk of nationalization or expropriation of assets; the risk that the Chinese government may decide not to continue to support economic reform programs; limitations on the use of brokers (or action by the Chinese government that discourages brokers from serving international clients); higher rates of inflation; greater political, economic and social uncertainty; higher market volatility caused by any potential regional territorial conflicts or natural disasters; the risk of increased trade tariffs, embargoes and other trade limitations; restrictions on foreign ownership; custody risks associated with investing through Shanghai — Hong Kong and Shenzhen — Hong Kong Stock Connect programs, Renminbi Qualified Foreign Institutional Investor program or other programs to access the Chinese securities markets, both interim and permanent market regulations which may affect the ability of certain stockholders to sell Chinese securities when it would otherwise be advisable; and different and less stringent financial reporting standards. In addition, in June 2021, President Biden issued an executive order (“CMIC Order”) prohibiting U.S. persons, including the Funds, from purchasing or selling publicly traded securities (including publicly traded securities that are derivative of, or designed to provide exposure to, such securities) of any Chinese company identified as a “Chinese Military-Industrial Complex Company” (“CMIC”). This prohibition, effective August 2, 2021, expands on similar sanctions imposed by the prior administration on certain designated Chinese military companies (“CCMCs”) that took effect in January 2021. To the extent that any company in an Underlying Index is identified as a CMIC at any time (or was previously designated as a CCMC), it may have material adverse effect on a fund’s ability to track its Underlying Index.
9. Line of Credit
The Trust has entered into a senior unsecured credit facility with a syndication of banks which allows the Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF, Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF and certain other funds managed by the Advisor to borrow up to $105 million. Each Fund may borrow money under this credit facility to the extent necessary for temporary or emergency purposes, including the funding of shareholder redemption requests, trade settlements, and as necessary to distribute to shareholders any income necessary to maintain each Funds’ status as a regulated investment company. Borrowings are charged an interest rate of 1.25% per annum plus the greater of the Federal Funds Effective Rate or the one-month LIBOR Rate. Each Fund may borrow up to the lesser of 33 percent of its net assets as permitted by the Act or 25 percent of adjusted total net assets. The Funds had no outstanding loans at August 31, 2022.
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Notes to Financial Statements (Continued)
10. Other — COVID-19 Pandemic
A novel coronavirus known as COVID-19, declared a pandemic by the World Health Organization, has caused significant uncertainty, market volatility, decreased economic and other activity, increased government activity, including economic stimulus measures, and supply chain interruptions. The full effects, duration and costs of the COVID-19 pandemic are impossible to predict, and the circumstances surrounding the COVID-19 pandemic will continue to evolve, including the risk of future increased rates of infection due to significant portions of the population remaining unvaccinated and/or the lack of effectiveness of current vaccines against new variants. The pandemic has affected and may continue to affect certain countries, industries, economic sectors, companies and investment products more than others, may exacerbate existing economic, political, or social tensions and may increase the probability of an economic recession or depression. The Funds’ and their investments may be adversely affected by the effects of the COVID-19 pandemic, and the pandemic may result in the Funds and their service providers experiencing operational difficulties in coordinating a remote workforce and implementing their business continuity plans, among others. Management will continue to monitor the impact COVID-19 has on the Funds and reflect the consequences as appropriate in the Funds’ accounting and financial reporting.
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DBX ETF Trust
To the Shareholders of
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF, Xtrackers MSCI EAFE ESG Leaders Equity ETF, Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF, Xtrackers MSCI USA ESG Leaders Equity ETF, Xtrackers S&P 500 ESG ETF, Xtrackers S&P MidCap 400 ESG ETF, Xtrackers S&P SmallCap 600 ESG ETF and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF and the Board of Trustees of DBX ETF Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF, Xtrackers MSCI EAFE ESG Leaders Equity ETF, Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF, Xtrackers MSCI USA ESG Leaders Equity ETF, Xtrackers S&P 500 ESG ETF, Xtrackers S&P MidCap 400 ESG ETF, Xtrackers S&P SmallCap 600 ESG ETF and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (collectively referred to as the “Funds”), (eight of the funds constituting DBX ETF Trust (the “Trust”)), including the schedules of investments, as of August 31, 2022, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (eight of the funds constituting DBX ETF Trust) at August 31, 2022, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Individual fund constituting the DBX ETF Trust |
Statement of operations | Statements of changes in net assets | Financial highlights | |||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
For the year ended August 31, 2022 | For each of the two years in the period ended August 31, 2022 | For each of the three years in the period ended August 31, 2022 and the period from December 6, 2018 (commencement of operations) through August 31, 2019 | |||
Xtrackers MSCI EAFE ESG Leaders Equity ETF | For the year ended August 31, 2022 | For each of the two years in the period ended August 31, 2022 | For each of the three years in the period ended August 31, 2022 and the period from September 6, 2018 (commencement of operations) through August 31, 2019 | |||
Xtrackers MSCI USA ESG Leaders Equity ETF | For the year ended August 31, 2022 | For each of the two years in the period ended August 31, 2022 | For each of the three years in the period ended August 31, 2022 and the period from March 7, 2019 (commencement of operations) through August 31, 2019 | |||
Xtrackers S&P 500 ESG ETF | For the year ended August 31, 2022 | For each of the two years in the period ended August 31, 2022 | For each of the three years in the period ended August 31, 2022 and the period from June 26, 2019 (commencement of operations) through August 31, 2019 |
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DBX ETF Trust
Report of Independent Registered Public Accounting Firm (Continued)
Individual fund constituting the DBX ETF Trust |
Statement of operations | Statements of changes in net assets | Financial highlights | |||
Xtrackers S&P MidCap 400 ESG ETF
Xtrackers S&P SmallCap 600 ESG ETF |
For the year ended August 31, 2022 | For the year ended August 31, 2022 and the period from February 24, 2021 (commencement of operations) through August 31, 2021 | ||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | For the period from June 28, 2022 (commencement of operations) through August 31, 2022 |
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of August 31, 2022, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more investment companies in the DWS family of funds since at least 1979, but we are unable to determine the specific year.
New York, New York
October 25, 2022
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DBX ETF Trust
Xtrackers Net Zero Paris Aligned US Equity ETF
Board Approval of Investment Advisory Agreement with DBX Advisors LLC
After discussions at the meeting of the Board of Trustees (“Board” or “Trustees”) held on May 10, 2022, the Trustees, all of who are not “interested persons,” as defined by the Investment Company Act of 1940, as amended (the “1940 Act”) of DBX ETF Trust (the “Trust”) or its service providers), unanimously approved the Investment Advisory Agreement between DBX Advisors LLC (“DBX” or the “Adviser”) and the Trust, with respect to Xtrackers Net Zero Paris Aligned US Equity ETF (subsequently renamed as Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) (the “Fund”). The Independent Trustees were advised throughout the review and meeting by K&L Gates LLP (“Independent Trustee Counsel”).
In reaching this decision, the Board considered all factors it believed relevant, including (1) the nature, extent and quality of the services to be provided to the Fund and its shareholders; (2) the financial resources of the Adviser and its resulting ability to perform its obligations under the Investment Advisory Agreement; (3) the competitiveness of the Fund’s advisory fee; (4) the total cost of the services to be provided by, and the anticipated profits to be realized, by the Adviser from its relationship with the Fund; and (5) the extent to which economies of scale would be realized, and if the Fund’s shareholders would benefit from those economies.
The Board reached a determination, with the assistance of Vedder Price P.C. (“Trust Counsel”) and through the exercise of its business judgment, that approval of the Investment Advisory Agreement and the compensation to be received thereunder is in the best interests of the Fund and its shareholders as well as consistent with the Board’s duties under state and federal law. The Board reached this conclusion based on multiple factors.
The Board considered the following in determining whether to approve the Investment Advisory Agreement:
Nature, Extent and Quality of Services. The Board reviewed in detail the nature, extent and quality of services to be provided by the Adviser under the Investment Advisory Agreement. The Board considered that these services include, among other things, furnishing a continuous investment program for the Fund, including arranging for, or implementing, the purchase and sale of portfolio securities, the provision of general corporate services, such as portfolio management compliance services and the preparation and filing of certain reports on behalf of the Trust. The Board also considered, among other things, the professional experience, qualifications and performance of the senior management and key professional personnel of the Adviser, including portfolio management.
The Board considered that the Adviser will provide, at its own expense, office facilities and equipment for use by the Fund and supervisory persons responsible for supervising and monitoring the Trust’s service providers. The Board also considered that the Adviser will pay or arrange for the compensation of officers of the Trust who are also officers or employees of the Adviser or one of its DWS Group affiliates, except as may otherwise be determined by the Board. In addition, the Board considered that the Adviser arranges for the provision of transfer agency, custody, fund administration and accounting, and other non-distribution services necessary for the Fund’s operations. The Board also considered that in addition to managing the Fund’s portfolio directly, the Adviser will provide oversight of day-to-day operations, including monitoring tracking error, providing services in connection with the creation and redemption of creation units and assistance in meeting legal, compliance and regulatory requirements applicable to the Fund.
Based on its review, the Board concluded that the nature, extent, and quality of services to be provided by the Adviser under the Investment Advisory Agreement are reasonable and appropriate in relation to the fee to be paid to the Adviser, taking special consideration of the fact that the advisory fee is a unitary fee and, as a result, a portion of the unitary advisory fee will be used to compensate the Fund’s service providers. The Board considered the staffing of the Adviser, including the training, qualifications and experience of investment personnel in managing the Fund. The Board also considered the expertise of the Adviser in supervising third party service providers to its currently managed funds, such as the administrator and the custodian (which would also provide those services to the Fund), noting the Adviser’s extensive work with these service providers (including onsite and virtual due diligence sessions) to conduct such supervision (which would cover the Fund as well). The Board
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DBX ETF Trust
Board Considerations in Approval of Investment Advisory
Contracts (Unaudited) (Continued)
further considered the compliance program of the Adviser, which supports the compliance program of the Adviser’s currently managed funds (which would also cover the Fund).
Adviser’s Financial Resources. In connection with the assessment of the ability of the Adviser to perform its duties under the Investment Advisory Agreement, the Board considered the Adviser’s financial condition and whether it has the resources necessary to carry out its functions. The Board concluded that the Adviser has the financial resources necessary to perform its obligations under the Investment Advisory Agreement.
Reasonableness of Advisory Fee. The Board compared the Fund’s advisory fee to those of other pertinent exchange-traded funds (“ETFs”) and noted that the Fund’s fee is below the average and median fee of the ETFs in the Fund’s peer group. The Board accordingly noted that the Fund’s fees are competitive with the fees of its peer group. The Board agreed that it was familiar with the Adviser’s methodology for selecting the Fund’s peer group and believed that the Fund’s peer group was appropriate. The Board considered that the proposed fees for the Fund is a unitary fee pursuant to which the Adviser pays all of the Fund’s costs (subject to certain specified exceptions). The Board also considered that the Fund’s portfolio will be managed on a day-to-day basis by the Adviser and that the Adviser will also provide oversight of day-to-day operations, including monitoring tracking error, providing services in connection with creation and redemption units and assistance in meeting legal and regulatory requirements applicable to the Fund. Based on its review, the Board concluded that the advisory fee for the Fund is reasonable in light of the services to be provided.
Costs of Services and Profitability. The Board considered the anticipated expenses of the Adviser in developing and rendering services to be provided to the Fund and the likelihood and level of profits in the early years of the Fund’s operations. The Board noted that because the Fund is new, it is difficult to estimate the profitability of the Fund to the Adviser at this time. The Board considered whether the Adviser would benefit in other ways from its relationships with the Fund and concluded that there were no material fall-out benefits likely to accrue to the Adviser related to the operation of the Fund.
Economies of Scale. The Board noted that the Fund’s advisory fee was set at a competitive level that was designed to reflect scale in assets from the Fund’s commencement of operations. The Board noted that because the Fund is new, it is difficult to estimate whether the Fund would experience economies of scale beyond those already reflected in the advisory fees. The Board determined to evaluate economies of scale on an ongoing basis as a result of asset growth of the Fund.
Given all the information available to it and considering all material factors, the Board concluded that the Investment Advisory Agreement was fair and reasonable and it was unanimously approved.
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DBX ETF Trust
Identification and Background
The Board has responsibility for the overall management and operations of the funds, including general supervision of the duties performed by the Advisor and other service providers. Each Board Member serves until his or her successor is duly elected or appointed and qualified. Each officer serves until he or she resigns, is removed, dies, retires or becomes disqualified.
The Trust currently has three Board Members. The three Independent Board Members have no affiliation or business connection with the Advisor or any of its affiliated persons and do not own any stock or other securities issued by the Advisor.
The Independent Board Members of the Trust, their term of office and length of time served, their principal business occupations during the past five years, the number of portfolios in the fund complex (defined below) overseen by each Independent Board Member, and other directorships, if any, held by the Board Members are shown below. The fund complex includes all registered open- and closed-end funds (including all of their portfolios) advised by the Advisor and any registered funds that have an investment advisor that is an affiliated person of the Advisor. As of the date of this shareholder report, the fund complex consists of the funds in the Trust, as well as the registered funds advised by affiliates of the Advisor.
Shareholder Communications to the Board. Shareholders may send communications to the Trust’s Board by addressing the communications directly to the Board (or individual Board Members) and/or otherwise clearly indicating in the salutation that the communication is for the Board (or individual Board Members). The shareholder may send the communication to either the Trust’s office or directly to such Board members c/o 875 Third Avenue, New York, NY 10022. Other shareholder communications received by the Trust not directly addressed and sent to the Board will be reviewed and generally responded to by management. Such communications will be forwarded to the Board at management’s discretion based on the matters contained therein.
Independent Board Members | ||||||
Name, Year of Birth, Position with the Trust and Length of Time Served(1) |
Business Experience and Directorships During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen |
Other Directorships Held by Board Member | |||
Stephen R. Byers (1953) Chairperson since 2016, and Board Member since 2011 (formerly, Lead Independent Board Member, 2015-2016) |
Independent Director (2011-present); Independent Consultant (2014-present); Director of Investment Management, the Dreyfus Corporation (2000-2006) and Vice Chairman and Chief Investment Officer, the Dreyfus Corporation (2002-2006). | 35 | The Arbitrage Funds, Sierra Income Corporation, Mutual Fund Directors Forum | |||
George O. Elston (1964) Board Member since 2011, Chairperson of the Audit Committee since 2015 |
Chief Financial Officer, EyePoint Pharmaceuticals, Inc. (2019-present); Chief Financial Officer, Enzyvant (2018-2019); Chief Executive Officer, 2X Oncology, Inc. (2017-2018); Senior Vice President and Chief Financial Officer, Juniper Pharmaceuticals, Inc. (2014-2016); Senior Vice President and Chief Financial Officer, KBI BioPharma Inc. (2013-2014); Managing Partner, Chatham Street Partners (2010-2013). | 35 | — | |||
J. David Officer (1948) Board Member since 2011, Chairperson of the Nominating Committee since 2015 |
Independent Director (2010-present); Vice Chairman, the Dreyfus Corporation (2006-2009); President, The Dreyfus Family of Funds, Inc. (2006-2009). | 35 | (Chairman of) Ilex Management Ltd; Old Westbury Funds |
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DBX ETF Trust
Board Members and Officers (Unaudited) (Continued)
Officers(2) | ||||||
Name, Year of Birth, Position with the Trust and Length of Time Served(3) |
Business Experience and Directorships During the Past 5 Years | |||||
Freddi Klassen(4) (1975) President and Chief Executive Officer, 2016-present |
Programmes (Head since 2021), of DWS Investment Management Americas, Inc. and Manager and Chief Operating Officer of the Advisor (2016-present). Formerly: Chief Operating Officer in the Americas for the Traditional Asset Classes Department (2014-2020); Manager and Chief Operating Officer of DWS Investment Management Americas, Inc. (2018-2020); Global Chief Operating Officer for Equities Technology in the Investment Bank Division at Deutsche Bank AG (2013-2014); Chief Operating Officer for Exchange Traded Funds and Systematic Funds in Europe (2008-2013). | |||||
Diane
Kenneally(5)
(1966) Treasurer, Chief Financial Officer and Controller, 2019-present |
Fund Administration Treasurer’s Office (Co-Head since 2018), of DWS Investment Management Americas, Inc.; Chief Financial Officer and Treasurer for DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (2018-present); Treasurer and Chief Financial Officer, The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern Europe Fund, Inc. (2018-present); formerly: Assistant Treasurer for the DWS funds (2007-2018). | |||||
Frank Gecsedi(4) (1967) Chief Compliance Officer, 2010-present |
AFC Compliance US (Senior Team Lead), of DWS Investment Management Americas, Inc.; Compliance Department (2016-present), Vice President in the Deutsche Asset Management Compliance Department at Deutsche Bank AG (2013-2016) and Chief Compliance Officer of the Advisor (2010-present); Chief Compliance Officer of DWS Distributors, Inc. (2019-2022); Vice President in Deutsche Bank’s Global Markets Legal, Risk and Capital Division (2010-2012). | |||||
Bryan Richards(4) (1978) Vice President, 2016-present |
Portfolio Engineering, Systematic Investments Solutions (Head), of DWS Investment Management Americas, Inc.(2018-present); Portfolio Manager in the Passive Asset Management Department at DWS (2011-present); Primary Portfolio Manager for the PowerShares DB Commodity ETFs (2011-2015). | |||||
John Millette(5) (1962) Secretary, 2020-present |
Legal (Associate General Counsel), DWS US Retail Legal (2003-present), of DWS Investment Management Americas, Inc.; Vice President and Secretary of DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (1999-present); Chief Legal Officer, DWS Investment Management Americas, Inc. (2015-present); Director and Vice President of DWS Trust Company (2016-present); Vice President, DBX Advisors LLC (2021-present); Secretary, The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern Europe Fund, Inc. (2011-present); formerly: Secretary of Deutsche Investment Management Americas Inc. (2015-2017); and Assistant Secretary of DBX ETF Trust (2019-2020). |
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DBX ETF Trust
Board Members and Officers (Unaudited) (Continued)
Name, Year of Birth, Position with the Trust and Length of Time Served(3) |
Business Experience and Directorships During the Past 5 Years | |||||
Caroline
Pearson(5)
(1962) Assistant Secretary, 2020-present |
Legal (Senior Team Lead), DWS US Retail Legal, of DWS Investment Management Americas, Inc.; Chief Legal Officer of DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (2010-present); Chief Legal Officer, DBX Advisors LLC (2020-present); Chief Legal Officer, The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern Europe Fund, Inc. (2012-present); formerly: Secretary, Deutsche AM Distributors, Inc. (2002-2017); and Secretary, Deutsche AM Service Company (2010-2017); and Chief Legal Officer, DBX Strategic Advisors LLC (2020-2021). | |||||
Paul Antosca(5) (1957) Assistant Treasurer, 2019-present |
Fund Administration Tax (Head), of DWS Investment Management Americas, Inc.; Assistant Treasurer for DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (2007-present). | |||||
Jeffrey Berry(5) (1959) Assistant Treasurer, 2019-present |
Fund Administration (Senior Specialist), of DWS Investment Management Americas, Inc. | |||||
Sheila Cadogan(5) (1966) Assistant Treasurer, 2019-present |
Fund Administration Treasurer’s Office (Co-Head since 2018), of DWS Investment Management Americas, Inc.; Assistant Treasurer for DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (2017-present); Director and Vice President, DWS Trust Company (2018-present); Assistant Treasurer, The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern Europe Fund, Inc. (2018-present). | |||||
Christina A.
Morse(6)
(1964) Assistant Secretary, 2017-present |
Vice President at BNY Mellon Asset Servicing (2014-present); Vice President and Counsel at Lord Abbett & Co. LLC (2013-2014). | |||||
Christian Rijs(4) (1980) Anti-Money Laundering Compliance Officer, since October 21, 2021 |
Senior Team Lead Anti-Financial Crime and Compliance, DWS Investment Management Americas, Inc.; AML Officer, DWS Trust Company (since November 2, 2021); AML Officer, DWS US registered investment companies advised by DWS Investment Management Americas, Inc. (since October 6, 2021); AML Officer, The European Equity Fund, Inc., The New Germany Fund, Inc. and The Central and Eastern Europe Fund, Inc. (since November 12, 2021); formerly: DWS UK & Ireland Head of Anti-Financial Crime and MLRO. |
(1) |
The length of time served is represented by the year in which the Board Member joined the Board. |
(2) |
As a result of their respective positions held with the Advisor and its affiliates, these individuals are considered “interested persons” of the Advisor within the meaning of the 1940 Act. Interested persons receive no compensation from the Funds. |
(3) |
The length of time served is represented by the year in which the officer was first elected to the Trust in such capacity. |
(4) |
Address: 875 Third Avenue, New York, New York 10022. |
(5) |
Address: 100 Summer Street, Boston, MA 02110. |
(6) |
Address: BNY Mellon Asset Servicing, 240 Greenwich Street, New York, NY 10286. |
The Funds’ Statement of Additional Information (“SAI”) includes additional information about the Funds’ Board Members. The SAI is available by calling 855-329-3837, or on the Company’s website at www.Xtrackers.com.
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DBX ETF Trust
Proxy Voting Policies and Procedures
The Funds’ policies and procedures for voting proxies for portfolio securities and information about how each Fund voted proxies related to its portfolio securities during the most recent 12-month period ended June 30 are available on our Web site — www.Xtrackers.com (click on “Resources” and “Proxy Voting” at the top of the page) — or on the SEC’s Web site — www.sec.gov. To obtain a written copy of the Funds’ policies and procedures without charge, upon request, call us toll free at (855) 329-3837.
Portfolio Holdings Information
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-PORT. Copies of the filings are available without charge, upon request on the SEC’s website at www.sec.gov and are available by calling the Trust at 855-329-3837.
Information about each Fund’s portfolio holdings is available daily at www.Xtrackers.com.
Discount & Premium Information
Information regarding how often shares of each Fund traded on NYSE Arca at a price above (i.e.,at a premium) or below (i.e., at a discount) the NAV of the Fund can be found at www.Xtrackers.com.
Tax Information
Form 1099-DIV and other year-end tax information provide shareholders with actual calendar year amounts that should be included in their tax returns. Shareholders should consult their tax advisors.
Each Fund designates the following amounts or, if subsequently determined to be different, the maximum allowable for its period ended August 31, 2022.
Qualified Dividend Income* |
Dividends Received Deduction* |
|||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
78 | % | 0 | % | ||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
93 | % | 0 | % | ||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
71 | % | 0 | % | ||||
Xtrackers MSCI USA ESG Leaders Equity ETF |
100 | % | 98 | % | ||||
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF |
0 | % | 0 | % | ||||
Xtrackers S&P 500 ESG ETF |
100 | % | 98 | % | ||||
Xtrackers S&P MidCap 400 ESG ETF |
90 | % | 87 | % | ||||
Xtrackers S&P SmallCap 600 ESG ETF |
73 | % | 70 | % |
* |
The above percentage is based on ordinary income dividends paid to shareholders during each Fund’s fiscal year. |
Each Fund intends to elect to pass through to shareholders the credit for taxes paid to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
Gross Foreign Income |
Foreign Taxes Income |
|||||||
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF |
$ | 17,177,960 | $ | 1,817,739 | ||||
Xtrackers MSCI EAFE ESG Leaders Equity ETF |
898,857 | 72,448 | ||||||
Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF |
606,492 | 67,200 |
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DBX ETF Trust
This report is intended for the shareholders of the DBX ETF Trust.
This report must be preceded or accompanied by a prospectus.
Investing involves risk, including the possible loss of principal. ESG criteria in a Fund’s investment strategy does not guarantee a return or protect against loss, limits the types and number of investment opportunities available to the Fund and, as a result, the Fund may underperform other funds that do not have an ESG focus. Regulatory changes or interpretations regarding the definitions and/or use of ESG criteria could have a material adverse effect on the fund’s ability to invest in accordance with its investment policies and/or achieve its investment objective, as well as the ability of certain classes of investors to invest in funds following an ESG strategy such as the fund. The Underlying Index’s methodology for identifying companies attempting to reduce their carbon footprint limits the types and number of investment opportunities available to the fund and, as a result, the fund may underperform other funds that do not follow a carbon reduction strategy. Stocks may decline in value. Foreign investing involves greater and different risks than investing in US companies, including currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Stocks of medium-sized companies involve greater risk than securities of larger, more established companies. Small company stocks tend to be more volatile than medium-sized or large company stocks. Each Fund, except EASG, EMCR and USSG is currently non-diversified and can take larger positions in fewer issues, increasing its potential risk. Funds investing in a single industry, country or in a limited geographic region generally are more volatile than more diversified funds. Performance of a Fund may diverge from that of its Underlying Index due to operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies. In certain situations, it may be difficult or impossible to sell an investment at an acceptable price. Any fund that focuses in a particular segment of the market or region of the world will generally be more volatile than a fund that invests more broadly. An investment in any Fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with the Fund. Please read the prospectus for more information.
The U.S. government has imposed restrictions on the ability of U.S. investors to hold and/or acquire securities of certain Chinese companies. To the extent that an Underlying Index includes such a security and the Fund excludes it, the Fund’s tracking error may increase and the performance of the Fund and Underlying Index may diverge.
Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments: Environmental (how a company performs as a steward of nature); Social (how a company manages relationships with employee, suppliers, customers and communities); Governance (company’s leadership, executive pay, shareholder rights, etc).
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in U.S. and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the Funds and their investments.
Shares of the Funds are bought and sold at market price (not NAV) throughout the day on the NYSE Arca, Inc. Transactions in Fund shares may result in brokerage commissions and may generate tax consequences. There can be no assurance that an active trading market for shares of a Fund will develop or be maintained.
DBX ETF Trust Funds are distributed by ALPS Distributors, Inc. (“ALPS”). The Funds are managed by DBX Advisors LLC which is not affiliated with ALPS.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services.
The Funds or securities referred to herein are not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to any such Funds or securities or any index on which such Funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with DBX Advisors LLC and any related funds.
The S&P 400 ESG Index, S&P 500 ESG Index and S&P 600 ESG Index are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by DBX Advisors. S&P®, S&P 400®, S&P 500® and S&P 600®, are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by DBX Advisors. The ESG Scores used in the Indexes are calculated by SAM. DBX Advisors LLC. Xtrackers ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates or SAM, and none of such parties make any representation regarding the advisability of investing in such ETFs, nor do they have any liability for any errors, omissions, or interruptions of the S&P 400 ESG Index, S&P 500 ESG Index and S&P 600 ESG Index.
EMCR and USNZ (the “Funds”) are not sponsored, endorsed, sold or promoted by Solactive. Neither Solactive nor any other party makes any representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding advisability of investing in funds generally or in these Funds particularly or the ability of the Underlying Indexes to track general stock market performance. Neither Solactive nor any other party makes any express or implied warranties, and Solactive hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Underlying Indexes or any data included therein. The prospectus contains a more detailed description of the limited relationship Solactive has with DBX Advisors LLC and any related funds.
Copyright © 2022 DWS Group. All rights reserved. XtrackersTM is a trademark of DWS Investment GmbH. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
Not FDIC Insured | No Bank Guarantee | May Lose Value
DBX ETF Trust
Investment advisor DBX Advisors LLC 875 Third Avenue New York, NY 10022 |
Administrator, custodian, fund accounting agent, lending agent & transfer agent The Bank of New York Mellon 240 Greenwich Street New York, NY 10286 |
Distributor ALPS Distributors, Inc. 1290 Broadway Suite 1000 Denver, CO 80203 | ||
Independent registered public accounting firm Ernst & Young LLP One Manhattan West New York, NY 10001 |
Legal counsel Vedder Price P.C. 1633 Broadway New York, NY 10019 |
R-070013-4 (10/22) DBX005327 (10/23)