Xtrackers byDWS announced plans to close its Xtrackers S&P 600 SmallCap ESG ETF, a U.S.-listed exchange traded fund (ETF) (the ?Fund?) effective May 24, 2024, and to liquidate the Fund effective June 5, 2024. The Fund currently trades on the NYSE Arca exchange (the ?Exchange?). After the close of business on May 24, 2024, the Fund will no longer accept creation orders and the final day of trading will be May 24, 2024.

Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about June 5, 2024. When the Fund commences liquidation of its portfolio securities, it may hold cash and securities that may not be consistent with its investment objective and strategy. During this period, the Fund is likely to incur a higher tracking error than is typical for the Fund.

Furthermore, during the time between market open on May 28, 2024, and June 5, 2024, because shares will not be traded on the Exchange, DWS cannot assure investors that there will be a market for their shares. Shareholders may sell their holdings of the Fund on the Exchange until the market close on May 24, 2024, and may incur typical transaction fees from their broker-dealer. If a shareholder still holds shares on June 5, 2024, the Fund will automatically redeem those shares for cash at the current net asset value as of the close of business on that date.

Shareholders generally will recognize a capital gain or loss on the redemptions. The Fund may or may not pay one or more dividends or other distributions prior to or along with the redemption payments. Investors should consult with their personal tax advisor about the potential tax consequences.