Xtrackers by DWS (DWS Group GmbH & Co. KGaA) announced plans to close Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW), a U.S.-listed exchange traded fund (ETF) (the ?Fund?) effective July 22, 2024, and to liquidate the Fund effective August 1, 2024. The Fund currently trades on the NYSE Arca Exchange (the ?Exchange?).

After the close of business on July 22, 2024, the Fund will no longer accept creation orders and trading will cease. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about August 1, 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 July 23, 2024, and market close on August 1, 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 July 22, 2024, and may incur typical transaction fees from their broker-dealer.

If a shareholder still holds shares on August 1, 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.