DBX ETF Trust
SCHEDULE OF INVESTMENTS
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
November 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS - 99.3% | ||||||||
Communication Services - 9.0% | ||||||||
Alphabet, Inc., Class A* | 24,473 | $ | 3,243,407 | |||||
Alphabet, Inc., Class C* | 21,051 | 2,819,150 | ||||||
AT&T, Inc. | 30,197 | 500,364 | ||||||
Charter Communications, Inc., Class A* | 430 | 172,056 | ||||||
Comcast Corp., Class A | 16,988 | 711,627 | ||||||
Electronic Arts, Inc. | 1,208 | 166,716 | ||||||
Fox Corp., Class A | 1,223 | 36,127 | ||||||
Fox Corp., Class B | 529 | 14,632 | ||||||
Liberty Broadband Corp., Class A* | 203 | 16,837 | ||||||
Liberty Broadband Corp., Class C* | 639 | 53,114 | ||||||
Live Nation Entertainment, Inc.* | 695 | 58,533 | ||||||
Match Group, Inc.* | 1,404 | 45,462 | ||||||
Meta Platforms, Inc., Class A* | 9,070 | 2,967,251 | ||||||
Netflix, Inc.* | 1,804 | 855,042 | ||||||
Omnicom Group, Inc. | 842 | 67,890 | ||||||
Paramount Global, Class B | 2,500 | 35,925 | ||||||
Pinterest, Inc., Class A* | 2,562 | 87,287 | ||||||
ROBLOX Corp., Class A* | 1,771 | 69,618 | ||||||
Sirius XM Holdings, Inc. (a) | 4,300 | 20,124 | ||||||
Snap, Inc., Class A* | 4,893 | 67,670 | ||||||
Spotify Technology SA* | 628 | 116,249 | ||||||
Take-Two Interactive Software, Inc.* | 752 | 118,966 | ||||||
T-Mobile US, Inc. | 2,339 | 351,903 | ||||||
Trade Desk, Inc., Class A* | 1,941 | 136,763 | ||||||
Verizon Communications, Inc. | 17,436 | 668,322 | ||||||
Walt Disney Co.* | 7,555 | 700,273 | ||||||
Warner Bros Discovery, Inc.* | 9,809 | 102,504 | ||||||
Warner Music Group Corp., Class A | 731 | 24,203 | ||||||
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| |||||||
(Cost $11,705,179) | 14,228,015 | |||||||
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| |||||||
Consumer Discretionary - 6.3% | ||||||||
Airbnb, Inc., Class A* | 1,717 | 216,926 | ||||||
Aptiv PLC* | 2,524 | 209,088 | ||||||
AutoZone, Inc.* | 137 | 357,560 | ||||||
Best Buy Co., Inc. | 2,227 | 157,983 | ||||||
Booking Holdings, Inc.* | 156 | 487,609 | ||||||
Chipotle Mexican Grill, Inc.* | 119 | 262,068 | ||||||
D.R. Horton, Inc. | 2,420 | 308,961 | ||||||
Domino’s Pizza, Inc. | 165 | 64,827 | ||||||
DoorDash, Inc., Class A* | 1,193 | 112,118 | ||||||
eBay, Inc. | 5,750 | 235,808 | ||||||
Etsy, Inc.* | 2,345 | 177,775 | ||||||
Expedia Group, Inc.* | 658 | 89,606 | ||||||
Ford Motor Co. | 22,117 | 226,920 | ||||||
Garmin Ltd. | 2,107 | 257,560 | ||||||
General Motors Co. | 8,366 | 264,366 | ||||||
Genuine Parts Co. | 1,478 | 196,249 | ||||||
Hasbro, Inc. | 2,962 | 137,466 | ||||||
Home Depot, Inc. | 4,559 | 1,429,201 | ||||||
Lennar Corp., Class A | 2,137 | 273,365 | ||||||
Lennar Corp., Class B | 1,064 | 122,083 | ||||||
LKQ Corp. | 3,775 | 168,101 | ||||||
Lowe’s Cos., Inc. | 3,047 | 605,835 | ||||||
Lululemon Athletica, Inc.* | 879 | 392,737 | ||||||
McDonald’s Corp. | 2,991 | 842,983 | ||||||
MercadoLibre, Inc.* | 311 | 503,963 | ||||||
NIKE, Inc., Class B | 6,447 | 710,911 | ||||||
NVR, Inc.* | 35 | 215,439 | ||||||
PulteGroup, Inc. | 2,608 | 230,599 | ||||||
Tractor Supply Co. | 1,082 | 219,657 | ||||||
Ulta Beauty, Inc.* | 529 | 225,349 | ||||||
Whirlpool Corp. | 211 | 22,978 | ||||||
Yum China Holdings, Inc. | 1,696 | 73,233 | ||||||
Yum! Brands, Inc. | 1,011 | 126,931 | ||||||
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| |||||||
(Cost $8,950,463) | 9,926,255 | |||||||
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| |||||||
Consumer Staples - 5.6% | ||||||||
Archer-Daniels-Midland Co. | 2,291 | 168,915 | ||||||
Campbell Soup Co. | 3,925 | 157,707 | ||||||
Church & Dwight Co., Inc. | 2,567 | 248,049 | ||||||
Clorox Co. | 1,482 | 212,445 | ||||||
Coca-Cola Co. | 18,492 | 1,080,672 | ||||||
Colgate-Palmolive Co. | 5,181 | 408,107 | ||||||
Conagra Brands, Inc. | 6,013 | 170,108 | ||||||
Estee Lauder Cos., Inc., Class A | 1,685 | 215,158 | ||||||
General Mills, Inc. | 4,391 | 279,531 | ||||||
Hershey Co. | 1,235 | 232,081 | ||||||
Hormel Foods Corp. | 4,670 | 142,855 | ||||||
J M Smucker Co. | 1,367 | 150,001 | ||||||
Kellanova | 3,242 | 170,335 | ||||||
Keurig Dr Pepper, Inc. | 8,611 | 271,849 | ||||||
Kimberly-Clark Corp. | 2,457 | 304,005 | ||||||
Kraft Heinz Co. | 7,178 | 252,020 | ||||||
McCormick & Co., Inc. | 2,819 | 182,756 | ||||||
Mondelez International, Inc., Class A | 7,628 | 542,046 | ||||||
PepsiCo, Inc. | 6,446 | 1,084,797 | ||||||
Procter & Gamble Co. | 10,741 | 1,648,958 | ||||||
Sysco Corp. | 4,184 | 301,959 | ||||||
Target Corp. | 2,892 | 386,979 | ||||||
Tyson Foods, Inc., Class A | 2,885 | 135,133 | ||||||
WK Kellogg Co. | 811 | 9,083 | ||||||
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| |||||||
(Cost $9,424,284) | 8,755,549 | |||||||
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| |||||||
Financials - 11.6% | ||||||||
Aflac, Inc. | 2,444 | 202,143 | ||||||
Allstate Corp. | 1,115 | 153,725 | ||||||
Ally Financial, Inc. | 1,302 | 38,044 | ||||||
American Express Co. | 2,465 | 420,948 | ||||||
American International Group, Inc. | 3,081 | 202,761 | ||||||
Ameriprise Financial, Inc. | 460 | 162,615 | ||||||
Aon PLC, Class A | 855 | 280,859 | ||||||
Apollo Global Management, Inc. | 1,837 | 169,004 | ||||||
Arch Capital Group Ltd.* | 1,615 | 135,159 | ||||||
Arthur J Gallagher & Co. | 915 | 227,835 |
Bank of America Corp. | 28,708 | 875,307 | ||||||
Bank of New York Mellon Corp. | 3,294 | 159,166 | ||||||
BlackRock, Inc. | 634 | 476,280 | ||||||
Block, Inc.* | 2,402 | 152,359 | ||||||
Capital One Financial Corp. | 1,634 | 182,452 | ||||||
Cboe Global Markets, Inc. | 505 | 92,006 | ||||||
Charles Schwab Corp. | 5,850 | 358,722 | ||||||
Chubb Ltd. | 1,721 | 394,849 | ||||||
Cincinnati Financial Corp. | 675 | 69,383 | ||||||
Citigroup, Inc. | 7,888 | 363,637 | ||||||
Citizens Financial Group, Inc. | 2,298 | 62,666 | ||||||
CME Group, Inc. | 1,534 | 334,964 | ||||||
Discover Financial Services | 1,099 | 102,207 | ||||||
Everest Group Ltd. | 192 | 78,826 | ||||||
Fidelity National Financial, Inc. | 1,122 | 50,311 | ||||||
Fidelity National Information Services, Inc. | 2,552 | 149,649 | ||||||
Fifth Third Bancorp | 3,101 | 89,774 | ||||||
Fiserv, Inc.* | 2,582 | 337,235 | ||||||
FleetCor Technologies, Inc.* | 334 | 80,327 | ||||||
Franklin Resources, Inc. | 1,507 | 37,374 | ||||||
Global Payments, Inc. | 1,202 | 139,961 | ||||||
Globe Life, Inc. | 437 | 53,808 | ||||||
Goldman Sachs Group, Inc. | 1,386 | 473,374 | ||||||
Hartford Financial Services Group, Inc. | 1,337 | 104,500 | ||||||
Huntington Bancshares, Inc. | 6,573 | 74,012 | ||||||
Interactive Brokers Group, Inc., Class A | 490 | 38,142 | ||||||
Intercontinental Exchange, Inc. | 2,351 | 267,638 | ||||||
JPMorgan Chase & Co. | 12,022 | 1,876,394 | ||||||
KeyCorp | 4,778 | 59,199 | ||||||
KKR & Co., Inc. | 2,840 | 215,386 | ||||||
M&T Bank Corp. | 744 | 95,358 | ||||||
Markel Group, Inc.* | 64 | 92,102 | ||||||
Marsh & McLennan Cos., Inc. | 2,067 | 412,201 | ||||||
Mastercard, Inc., Class A | 3,469 | 1,435,576 | ||||||
MetLife, Inc. | 2,683 | 170,719 | ||||||
Moody’s Corp. | 685 | 249,998 | ||||||
Morgan Stanley | 5,392 | 427,801 | ||||||
MSCI, Inc. | 339 | 176,568 | ||||||
Nasdaq, Inc. | 1,609 | 89,847 | ||||||
Northern Trust Corp. | 957 | 75,842 | ||||||
PayPal Holdings, Inc.* | 4,701 | 270,825 | ||||||
PNC Financial Services Group, Inc. | 1,698 | 227,464 | ||||||
Principal Financial Group, Inc. | 1,068 | 78,850 | ||||||
Progressive Corp. | 2,446 | 401,217 | ||||||
Prudential Financial, Inc. | 1,556 | 152,146 | ||||||
Raymond James Financial, Inc. | 892 | 93,794 | ||||||
Regions Financial Corp. | 4,198 | 70,023 | ||||||
Rocket Cos., Inc., Class A*(a) | 1,338 | 12,497 | ||||||
S&P Global, Inc. | 1,345 | 559,291 | ||||||
State Street Corp. | 1,487 | 108,283 | ||||||
Synchrony Financial | 2,117 | 68,506 | ||||||
T. Rowe Price Group, Inc. | 989 | 99,029 | ||||||
Travelers Cos., Inc. | 968 | 174,840 | ||||||
Truist Financial Corp. | 5,738 | 184,419 | ||||||
US Bancorp | 6,280 | 239,394 | ||||||
Visa, Inc., Class A | 6,686 | 1,716,162 | ||||||
W.R. Berkley Corp. | 970 | 70,374 | ||||||
Wells Fargo & Co. | 15,487 | 690,565 | ||||||
Willis Towers Watson PLC | 477 | 117,485 | ||||||
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| |||||||
(Cost $16,366,029) | 18,304,177 | |||||||
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Health Care - 17.3% | ||||||||
Abbott Laboratories | 8,624 | 899,397 | ||||||
AbbVie, Inc. | 8,424 | 1,199,493 | ||||||
Agilent Technologies, Inc. | 2,526 | 322,823 | ||||||
Align Technology, Inc.* | 760 | 162,488 | ||||||
Alnylam Pharmaceuticals, Inc.* | 1,335 | 224,614 | ||||||
Amgen, Inc. | 2,901 | 782,226 | ||||||
Avantor, Inc.* | 9,995 | 211,694 | ||||||
Baxter International, Inc. | 5,468 | 197,285 | ||||||
Becton Dickinson and Co. | 1,788 | 422,290 | ||||||
Biogen, Inc.* | 1,174 | 274,810 | ||||||
BioMarin Pharmaceutical, Inc.* | 2,562 | 233,347 | ||||||
Boston Scientific Corp.* | 8,932 | 499,209 | ||||||
Bristol-Myers Squibb Co. | 11,020 | 544,168 | ||||||
Cardinal Health, Inc. | 1,741 | 186,426 | ||||||
Catalent, Inc.* | 4,231 | 164,374 | ||||||
Cencora, Inc. | 1,374 | 279,430 | ||||||
Centene Corp.* | 2,107 | 155,244 | ||||||
Cigna Group | 1,199 | 315,193 | ||||||
Cooper Cos., Inc. | 616 | 207,543 | ||||||
CVS Health Corp. | 7,584 | 515,333 | ||||||
Danaher Corp. | 3,426 | 765,060 | ||||||
Dexcom, Inc.* | 2,832 | 327,153 | ||||||
Edwards Lifesciences Corp.* | 4,216 | 285,465 | ||||||
Elevance Health, Inc. | 982 | 470,859 | ||||||
Eli Lilly & Co. | 3,816 | 2,255,409 | ||||||
Gilead Sciences, Inc. | 7,166 | 548,916 | ||||||
HCA Healthcare, Inc. | 859 | 215,162 | ||||||
Henry Schein, Inc.* | 2,409 | 160,753 | ||||||
Hologic, Inc.* | 2,966 | 211,476 | ||||||
Humana, Inc. | 539 | 261,339 | ||||||
IDEXX Laboratories, Inc.* | 657 | 306,044 | ||||||
Illumina, Inc.* | 1,497 | 152,619 | ||||||
Incyte Corp.* | 3,245 | 176,333 | ||||||
Intuitive Surgical, Inc.* | 1,906 | 592,461 | ||||||
IQVIA Holdings, Inc.* | 773 | 165,499 | ||||||
Johnson & Johnson | 11,660 | 1,803,336 | ||||||
Laboratory Corp. of America Holdings | 358 | 77,654 | ||||||
McKesson Corp. | 756 | 355,743 | ||||||
Medtronic PLC | 7,364 | 583,744 | ||||||
Merck & Co., Inc. | 11,836 | 1,212,953 | ||||||
Mettler-Toledo International, Inc.* | 211 | 230,397 | ||||||
Moderna, Inc.* | 2,611 | 202,875 | ||||||
Pfizer, Inc. | 27,702 | 844,080 |
Quest Diagnostics, Inc. | 461 | 63,263 | ||||||
Regeneron Pharmaceuticals, Inc.* | 649 | 534,653 | ||||||
ResMed, Inc. | 1,355 | 213,724 | ||||||
Royalty Pharma PLC, Class A | 6,751 | 182,750 | ||||||
Seagen, Inc.* | 1,397 | 297,854 | ||||||
STERIS PLC | 1,122 | 225,455 | ||||||
Stryker Corp. | 1,833 | 543,173 | ||||||
Teleflex, Inc. | 845 | 190,708 | ||||||
Thermo Fisher Scientific, Inc. | 1,885 | 934,508 | ||||||
UnitedHealth Group, Inc. | 3,834 | 2,120,087 | ||||||
Veeva Systems, Inc., Class A* | 651 | 113,476 | ||||||
Vertex Pharmaceuticals, Inc.* | 1,517 | 538,247 | ||||||
Viatris, Inc. | 20,100 | 184,518 | ||||||
Waters Corp.* | 822 | 230,661 | ||||||
West Pharmaceutical Services, Inc. | 719 | 252,196 | ||||||
Zimmer Biomet Holdings, Inc. | 1,968 | 228,898 | ||||||
Zoetis, Inc. | 2,840 | 501,743 | ||||||
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(Cost $27,338,403) | 27,358,631 | |||||||
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Industrials - 5.4% | ||||||||
A O Smith Corp. | 974 | 73,401 | ||||||
Automatic Data Processing, Inc. | 1,738 | 399,601 | ||||||
Broadridge Financial Solutions, Inc. | 461 | 89,351 | ||||||
C.H. Robinson Worldwide, Inc. | 1,838 | 150,808 | ||||||
Carrier Global Corp. | 6,360 | 330,466 | ||||||
Cintas Corp. | 378 | 209,128 | ||||||
Copart, Inc.* | 7,078 | 355,457 | ||||||
Deere & Co. | 1,433 | 522,200 | ||||||
Delta Air Lines, Inc. | 5,279 | 194,953 | ||||||
Dover Corp. | 1,467 | 207,082 | ||||||
Equifax, Inc. | 534 | 116,257 | ||||||
Expeditors International of Washington, Inc. | 1,806 | 217,334 | ||||||
Fastenal Co. | 5,082 | 304,768 | ||||||
FedEx Corp. | 1,517 | 392,645 | ||||||
JB Hunt Transport Services, Inc. | 1,176 | 217,877 | ||||||
Johnson Controls International PLC | 3,442 | 181,738 | ||||||
Masco Corp. | 3,209 | 194,305 | ||||||
Old Dominion Freight Line, Inc. | 825 | 320,974 | ||||||
Otis Worldwide Corp. | 3,359 | 288,169 | ||||||
PACCAR, Inc. | 3,249 | 298,323 | ||||||
Paychex, Inc. | 1,410 | 171,978 | ||||||
Paycom Software, Inc. | 233 | 42,327 | ||||||
Rollins, Inc. | 1,205 | 49,092 | ||||||
Snap-on, Inc. | 724 | 198,876 | ||||||
Southwest Airlines Co. | 5,756 | 147,181 | ||||||
SS&C Technologies Holdings, Inc. | 1,170 | 65,824 | ||||||
Stanley Black & Decker, Inc. | 2,095 | 190,435 | ||||||
Trane Technologies PLC | 5 | 1,127 | ||||||
TransUnion | 909 | 53,376 | ||||||
Uber Technologies, Inc.* | 11,520 | 649,498 | ||||||
United Airlines Holdings, Inc.* | 3,681 | 145,031 | ||||||
United Parcel Service, Inc., Class B | 3,841 | 582,334 | ||||||
Veralto Corp.* | 1,143 | 88,297 | ||||||
Verisk Analytics, Inc. | 636 | 153,549 | ||||||
W.W. Grainger, Inc. | 337 | 264,946 | ||||||
Waste Management, Inc. | 2,544 | 434,999 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,722 | 200,716 | ||||||
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(Cost $7,650,395) | 8,504,423 | |||||||
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Information Technology - 36.4% | ||||||||
Accenture PLC, Class A | 2,752 | 916,801 | ||||||
Adobe, Inc.* | 1,891 | 1,155,420 | ||||||
Advanced Micro Devices, Inc.* | 7,949 | 963,101 | ||||||
Akamai Technologies, Inc.* | 760 | 87,803 | ||||||
Amdocs Ltd. | 591 | 49,508 | ||||||
Analog Devices, Inc. | 2,800 | 513,464 | ||||||
Apple, Inc. | 76,917 | 14,610,384 | ||||||
Applied Materials, Inc. | 4,542 | 680,301 | ||||||
Arista Networks, Inc.* | 1,976 | 434,147 | ||||||
Atlassian Corp., Class A* | 677 | 129,273 | ||||||
Autodesk, Inc.* | 930 | 203,140 | ||||||
Broadcom, Inc. | 1,849 | 1,711,675 | ||||||
Cadence Design Systems, Inc.* | 1,156 | 315,900 | ||||||
CDW Corp. | 602 | 126,950 | ||||||
Cisco Systems, Inc. | 19,791 | 957,489 | ||||||
Cloudflare, Inc., Class A* | 1,332 | 102,764 | ||||||
Cognizant Technology Solutions Corp., Class A | 2,174 | 153,006 | ||||||
Corning, Inc. | 7,417 | 211,310 | ||||||
Crowdstrike Holdings, Inc., Class A* | 953 | 225,851 | ||||||
Datadog, Inc., Class A* | 1,275 | 148,627 | ||||||
DocuSign, Inc.* | 988 | 42,583 | ||||||
Enphase Energy, Inc.* | 1,494 | 150,924 | ||||||
EPAM Systems, Inc.* | 272 | 70,228 | ||||||
Fair Isaac Corp.* | 115 | 125,074 | ||||||
Fortinet, Inc.* | 2,903 | 152,582 | ||||||
Gartner, Inc.* | 342 | 148,715 | ||||||
Gen Digital, Inc. | 3,104 | 68,536 | ||||||
GLOBALFOUNDRIES, Inc.* | 2,565 | 137,715 | ||||||
HP, Inc. | 8,106 | 237,830 | ||||||
HubSpot, Inc.* | 213 | 105,207 | ||||||
Intel Corp. | 21,888 | 978,394 | ||||||
Intuit, Inc. | 1,146 | 654,893 | ||||||
Keysight Technologies, Inc.* | 1,675 | 227,616 | ||||||
KLA Corp. | 897 | 488,524 | ||||||
Lam Research Corp. | 802 | 574,168 | ||||||
Marvell Technology, Inc. | 6,203 | 345,693 | ||||||
Microchip Technology, Inc. | 3,960 | 330,422 | ||||||
Micron Technology, Inc. | 6,933 | 527,740 | ||||||
Microsoft Corp. | 39,218 | 14,860,092 | ||||||
MongoDB, Inc.* | 306 | 127,216 | ||||||
Motorola Solutions, Inc. | 1,233 | 398,099 | ||||||
NetApp, Inc. | 2,951 | 269,692 | ||||||
NVIDIA Corp. | 12,364 | 5,782,643 |
Okta, Inc.* | 771 | 51,695 | ||||||
ON Semiconductor Corp.* | 3,286 | 234,390 | ||||||
Oracle Corp. | 6,466 | 751,414 | ||||||
Palo Alto Networks, Inc.* | 1,276 | 376,535 | ||||||
QUALCOMM, Inc. | 5,994 | 773,526 | ||||||
Salesforce, Inc.* | 3,912 | 985,433 | ||||||
Seagate Technology Holdings PLC | 3,039 | 240,385 | ||||||
ServiceNow, Inc.* | 852 | 584,250 | ||||||
Skyworks Solutions, Inc. | 2,058 | 199,482 | ||||||
Snowflake, Inc., Class A* | 1,206 | 226,342 | ||||||
Splunk, Inc.* | 720 | 109,109 | ||||||
Synopsys, Inc.* | 642 | 348,754 | ||||||
TE Connectivity Ltd. | 2,473 | 323,963 | ||||||
Teradyne, Inc. | 2,072 | 191,101 | ||||||
Texas Instruments, Inc. | 4,596 | 701,855 | ||||||
Twilio, Inc., Class A* | 818 | 52,908 | ||||||
Unity Software, Inc.* | 1,250 | 36,887 | ||||||
VeriSign, Inc.* | 421 | 89,336 | ||||||
Western Digital Corp.* | 4,443 | 214,641 | ||||||
Workday, Inc., Class A* | 877 | 237,421 | ||||||
Zoom Video Communications, Inc., Class A* | 1,161 | 78,751 | ||||||
Zscaler, Inc.* | 439 | 86,716 | ||||||
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(Cost $43,530,541) | 57,396,394 | |||||||
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Materials - 2.0% | ||||||||
Ball Corp. | 3,856 | 213,198 | ||||||
Corteva, Inc. | 5,600 | 253,120 | ||||||
Ecolab, Inc. | 1,876 | 359,685 | ||||||
FMC Corp. | 2,002 | 107,427 | ||||||
International Flavors & Fragrances, Inc. | 2,992 | 225,537 | ||||||
International Paper Co. | 4,414 | 163,053 | ||||||
Martin Marietta Materials, Inc. | 576 | 267,604 | ||||||
Mosaic Co. | 4,967 | 178,266 | ||||||
Nucor Corp. | 1,592 | 270,592 | ||||||
Packaging Corp. of America | 1,455 | 244,455 | ||||||
PPG Industries, Inc. | 1,930 | 274,041 | ||||||
Sherwin-Williams Co. | 1,545 | 430,746 | ||||||
Southern Copper Corp. | 2,463 | 177,164 | ||||||
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| |||||||
(Cost $3,152,683) | 3,164,888 | |||||||
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Real Estate - 4.6% | ||||||||
Alexandria Real Estate Equities, Inc. REIT | 2,043 | 223,504 | ||||||
American Tower Corp. REIT | 2,699 | 563,497 | ||||||
AvalonBay Communities, Inc. REIT | 1,417 | 245,056 | ||||||
CBRE Group, Inc., Class A* | 1,658 | 130,916 | ||||||
CoStar Group, Inc.* | 1,782 | 147,977 | ||||||
Crown Castle, Inc. REIT | 3,181 | 373,068 | ||||||
Digital Realty Trust, Inc. REIT | 2,615 | 362,910 | ||||||
Equinix, Inc. REIT | 587 | 478,411 | ||||||
Equity Residential REIT | 3,911 | 222,301 | ||||||
Essex Property Trust, Inc. REIT | 939 | 200,439 | ||||||
Extra Space Storage, Inc. REIT | 1,617 | 210,485 | ||||||
Healthpeak Properties, Inc. REIT | 9,679 | 167,640 | ||||||
Invitation Homes, Inc. REIT | 6,931 | 231,218 | ||||||
Iron Mountain, Inc. REIT | 3,907 | 250,634 | ||||||
Mid-America Apartment Communities, Inc. REIT | 1,496 | 186,222 | ||||||
NET Lease Office Properties REIT* | 218 | 3,564 | ||||||
Prologis, Inc. REIT | 5,142 | 590,970 | ||||||
Public Storage REIT | 1,192 | 308,442 | ||||||
Realty Income Corp. REIT | 5,338 | 288,038 | ||||||
SBA Communications Corp. REIT | 1,126 | 278,077 | ||||||
Simon Property Group, Inc. REIT | 2,656 | 331,708 | ||||||
UDR, Inc. REIT | 5,019 | 167,635 | ||||||
Ventas, Inc. REIT | 4,854 | 222,507 | ||||||
VICI Properties, Inc. REIT | 9,164 | 273,912 | ||||||
Welltower, Inc. REIT | 4,078 | 363,350 | ||||||
Weyerhaeuser Co. REIT | 7,510 | 235,439 | ||||||
WP Carey, Inc. REIT | 3,274 | 203,774 | ||||||
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(Cost $7,715,183) | 7,261,694 | |||||||
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Utilities - 1.1% | ||||||||
American Water Works Co., Inc. | 6,454 | 850,896 | ||||||
Edison International | 12,371 | 828,733 | ||||||
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(Cost $1,752,421) | 1,679,629 | |||||||
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TOTAL COMMON STOCKS (Cost $137,585,581) | 156,579,655 | |||||||
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EXCHANGE-TRADED FUNDS - 0.2% | ||||||||
iShares Paris-Aligned Climate MSCI USA ETF | 3,300 | 166,221 | ||||||
Vanguard Mid-Cap ETF | 300 | 65,478 | ||||||
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(Cost $224,548) | 231,699 | |||||||
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SECURITIES LENDING COLLATERAL - 0.0% |
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DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 5.27% (b)(c) | ||||||||
(Cost $32,700) | 32,700 | 32,700 | ||||||
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CASH EQUIVALENTS - 0.4% | ||||||||
DWS Government Money Market Series “Institutional Shares”, 5.31% (b) | ||||||||
(Cost $643,263) | 643,263 | 643,263 | ||||||
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TOTAL INVESTMENTS - 99.9% (Cost $138,486,092) | $ | 157,487,317 | ||||||
Other assets and liabilities, net - 0.1% | 223,202 | |||||||
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NET ASSETS - 100.0% | $ | 157,710,519 | ||||||
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For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended November 30, 2023 is as follows:
Value ($) at 8/31/2023 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/(Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Income | Capital Gain Distributions ($) | Number of | Value ($) at 11/30/2023 | ||||||||
SECURITIES LENDING COLLATERAL — 0.0% | ||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares”, 5.27% (b)(c) | ||||||||||||||||
67,850 | — | (35,150) (d) | — | — | 776 | — | 32,700 | 32,700 | ||||||||
CASH EQUIVALENTS — 0.4% | ||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 5.31% (b) | ||||||||||||||||
334,935 | 1,332,990 | (1,024,662) | — | — | 5,371 | — | 643,263 | 643,263 | ||||||||
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402,785 | 1,332,990 | (1,059,812) | — | — | 6,147 | — | 675,963 | 675,963 | ||||||||
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* | 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 November 30, 2023 amounted to $30,864, which is 0.02% 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. |
(d) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended November 30, 2023. |
REIT: | Real Estate Investment Trust |
At November 30, 2023, open futures contracts purchased were as follows:
Contract Description | Currency | Number of Contracts | Notional Amount | Contract Value | Expiration Date | Unrealized Appreciation† | ||||||||||||||||||
E-Mini S&P 500 ESG Futures | USD | 4 | $ | 790,645 | $ | 813,440 | 12/15/2023 | $ | 22,795 |
† | The amount represents the unrealized appreciation (depreciation) of the Fund’s derivative instruments subject to equity contracts risk exposure as of November 30, 2022. |
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 November 30, 2023 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) | $ | 156,579,655 | $ | — | $ | — | $ | 156,579,655 | ||||||||
Exchange-Traded Funds | 231,699 | — | — | 231,699 | ||||||||||||
Short-Term Investments (a) | 675,963 | — | — | 675,963 | ||||||||||||
Derivatives (b) | ||||||||||||||||
Futures Contracts | 22,795 | — | — | 22,795 | ||||||||||||
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TOTAL | $ | 157,510,112 | $ | — | $ | — | $ | 157,510,112 | ||||||||
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(a) | See Schedule of Investments for additional detailed categorizations. |
(b) | Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
OBTAIN A FUND PROSPECTUS
To obtain a summary prospectus, or prospectus, download one from www.Xtrackers.com, talk to your financial representative or call (855) 329-3837. Investing involves risk, including the possible loss of principal. We advise you to carefully consider the product’s objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest. Xtrackers ETFs (“ETFs”) are managed by DBX Advisors LLC (the “Adviser”), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of DWS Group GmbH & Co. KGaA, and is not affiliated with ALPS. Shares are not individually redeemable, and owners of Shares may acquire those Shares from the Fund, or tender such Shares for redemption to the Fund, in Creation Units only.
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.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
USNZ-PH1
R-089711-1 (5/24) DBX005195 (5/24)