Xtrackers Etfs
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Xtrackers*/** Société d’investissement à capital variable R.C.S. Luxembourg N° B-119.899 Unaudited Semi-Annual Report For the period from 1 January 2018 to 30 June 2018 No subscription can be accepted on the basis of the financial reports. Subscriptions are only valid if they are made on the basis of the latest published prospectus of Xtrackers accompanied by the latest annual report and the most recent semi-annual report, if published thereafter. * Effective 16 February 2018, db x-trackers changed name to Xtrackers. **This includes synthetic ETFs. Xtrackers** Table of contents Page Organisation 4 Information for Hong Kong Residents 6 Statistics 7 Statement of Net Assets as at 30 June 2018 28 Statement of Investments as at 30 June 2018 50 Xtrackers MSCI WORLD SWAP UCITS ETF* 50 Xtrackers MSCI EUROPE UCITS ETF 56 Xtrackers MSCI JAPAN UCITS ETF 68 Xtrackers MSCI USA SWAP UCITS ETF* 75 Xtrackers EURO STOXX 50 UCITS ETF 80 Xtrackers DAX UCITS ETF 82 Xtrackers FTSE MIB UCITS ETF 83 Xtrackers SWITZERLAND UCITS ETF 85 Xtrackers FTSE 100 INCOME UCITS ETF 86 Xtrackers FTSE 250 UCITS ETF 89 Xtrackers FTSE ALL-SHARE UCITS ETF 96 Xtrackers MSCI EMERGING MARKETS SWAP UCITS ETF* 111 Xtrackers MSCI EM ASIA SWAP UCITS ETF* 115 Xtrackers MSCI EM LATIN AMERICA SWAP UCITS ETF* 117 Xtrackers MSCI EM EUROPE, MIDDLE EAST & AFRICA SWAP UCITS ETF* 118 Xtrackers MSCI TAIWAN UCITS ETF 120 Xtrackers MSCI BRAZIL UCITS ETF 123 Xtrackers NIFTY 50 SWAP UCITS ETF* 125 Xtrackers MSCI KOREA UCITS ETF 127 Xtrackers FTSE CHINA 50 UCITS ETF 130 Xtrackers EURO STOXX QUALITY DIVIDEND UCITS ETF 132 Xtrackers STOXX GLOBAL SELECT DIVIDEND 100 SWAP UCITS ETF* 134 Xtrackers STOXX EUROPE 600 BASIC RESOURCES SWAP UCITS ETF* 136 Xtrackers STOXX EUROPE 600 OIL & GAS SWAP UCITS ETF* 138 Xtrackers STOXX EUROPE 600 HEALTH CARE SWAP UCITS ETF* 140 Xtrackers STOXX EUROPE 600 BANKS SWAP UCITS ETF* 142 Xtrackers STOXX EUROPE 600 TELECOMMUNICATIONS SWAP UCITS ETF* 144 Xtrackers STOXX EUROPE 600 TECHNOLOGY SWAP UCITS ETF* 146 Xtrackers STOXX EUROPE 600 UTILITIES SWAP UCITS ETF* 148 Xtrackers STOXX EUROPE 600 FOOD & BEVERAGE SWAP UCITS ETF* 150 Xtrackers STOXX EUROPE 600 INDUSTRIAL GOODS SWAP UCITS ETF* 152 Xtrackers DBLCI COMMODITY OPTIMUM YIELD SWAP UCITS ETF* 154 Xtrackers SHORTDAX DAILY SWAP UCITS ETF* 156 Xtrackers EURO STOXX 50 SHORT DAILY SWAP UCITS ETF* 158 Xtrackers SLI UCITS ETF 161 Xtrackers FTSE 100 SHORT DAILY SWAP UCITS ETF* 162 Xtrackers S&P 500 INVERSE DAILY SWAP UCITS ETF* 164 Xtrackers PORTFOLIO UCITS ETF 167 Xtrackers MSCI AC ASIA EX JAPAN SWAP UCITS ETF* 168 Xtrackers MSCI PACIFIC EX JAPAN UCITS ETF 170 Xtrackers MSCI RUSSIA CAPPED SWAP UCITS ETF* 174 Xtrackers FTSE VIETNAM SWAP UCITS ETF* 176 Xtrackers LPX PRIVATE EQUITY SWAP UCITS ETF* 179 Xtrackers S&P ASX 200 UCITS ETF 181 Xtrackers STOXX EUROPE 600 UCITS ETF 186 Xtrackers S&P GLOBAL INFRASTRUCTURE SWAP UCITS ETF* 201 Xtrackers CAC 40 UCITS ETF 203 Xtrackers MSCI EUROPE MID CAP UCITS ETF 205 Xtrackers MSCI EUROPE SMALL CAP UCITS ETF 212 Xtrackers S&P SELECT FRONTIER SWAP UCITS ETF* 235 Xtrackers USD CASH SWAP UCITS ETF* 237 Xtrackers S&P 500 2X LEVERAGED DAILY SWAP UCITS ETF* 239 *This is a synthetic ETF. **This includes synthetic ETFs. 2 Xtrackers** Table of contents (continued) Page Xtrackers SHORTDAX X2 DAILY SWAP UCITS ETF* 241 Xtrackers LEVDAX DAILY SWAP UCITS ETF* 243 Xtrackers DB BLOOMBERG COMMODITY OPTIMUM YIELD SWAP UCITS ETF* 245 Xtrackers MSCI PAN-EURO UCITS ETF 247 Xtrackers S&P 500 2X INVERSE DAILY SWAP UCITS ETF* 253 Xtrackers CSI300 SWAP UCITS ETF* 255 Xtrackers MSCI CANADA UCITS ETF 257 Xtrackers MSCI INDONESIA SWAP UCITS ETF* 260 Xtrackers MSCI MEXICO UCITS ETF 262 Xtrackers MSCI EUROPE VALUE UCITS ETF 263 Xtrackers S&P 500 SWAP UCITS ETF* 268 Xtrackers FTSE DEVELOPED EUROPE REAL ESTATE UCITS ETF 274 Xtrackers MSCI CHINA UCITS ETF 278 Xtrackers MSCI INDIA SWAP UCITS ETF* 289 Xtrackers MSCI MALAYSIA UCITS ETF 291 Xtrackers MSCI THAILAND UCITS ETF 293 Xtrackers MSCI PHILIPPINES UCITS ETF 294 Xtrackers MSCI AFRICA TOP 50 SWAP UCITS ETF* 296 Xtrackers SPAIN UCITS ETF 298 Xtrackers MSCI BANGLADESH SWAP UCITS ETF* 300 Xtrackers MSCI PAKISTAN SWAP UCITS ETF* 302 Xtrackers MSCI SINGAPORE UCITS ETF 304 Xtrackers ATX UCITS ETF 307 Xtrackers MSCI EMU UCITS ETF 308 Xtrackers EURO STOXX 50 EX FINANCIALS UCITS ETF 315 Xtrackers DAX INCOME UCITS ETF 317 Xtrackers FTSE 100 UCITS ETF 318 Xtrackers NIKKEI 225 UCITS ETF 321 Xtrackers HARVEST CSI300 UCITS ETF 326 Xtrackers HARVEST FTSE CHINA A-H 50 UCITS ETF 341 Notes to the Financial Statements 343 Information for Shareholders 474 *This is a synthetic ETF. **This includes synthetic ETFs. 3 Xtrackers** Organisation Registered Office Xtrackers** 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Board of Directors - Manooj Mistry (chairman of the Board of Directors) Global Co-Head of Index Investing, Deutsche Asset Management (UK) Limited, Winchester House, 1 Great Winchester St, London EC2N 2DB, United Kingdom. - Philippe Ah-Sun Chief Operating Officer of Exchange Traded Funds (ETF) and Systematic UCITS, Deutsche Asset Management (UK) Limited, Winchester House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom. - Alex McKenna Head of Product Platform Engineering at Deutsche Asset Management (UK) Limited, Winchester House, 1 Great Winchester St, London EC2N 2DB, United Kingdom. - Petra Hansen Director, Deutsche Asset Management S.A., 2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg. - Freddy Brausch Partner, Linklaters LLP, 35, avenue John F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg. Depositary State Street Bank Luxembourg S.C.A. 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Management Company Deutsche Asset Management S.A. 2, boulevard Konrad Adenauer L-1115 Luxembourg Grand Duchy of Luxembourg Administrative Agent, Paying Agent, Domiciliary Agent and Listing Agent State Street Bank Luxembourg S.C.A. 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Registrar and Transfer Agent State Street Bank Luxembourg S.C.A. 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg ** This includes synthetic ETFs. 4 Xtrackers** Organisation (continued) Investment Manager / Sub-Portfolio Manager to certain Sub-Funds (see note 12) Deutsche Asset Management (UK) Limited Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom Deutsche Asset Management Investment GmbH Mainzer Landstrasse 11-17 60329 Frankfurt am Main Germany Harvest Global Investments Limited 31/F One Exchange Square 8 Connaught Place, Central Hong Kong Hong Kong Securities Lending Agent to certain Sub-Funds (see note 8) Deutsche Bank AG, Frankfurt am Main head office Taunusanlage 12 60325 Frankfurt am Main Germany Deutsche Bank AG, London branch Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom Deutsche Bank AG, New York branch 60 Wall Street New York NY 10005 United States of America AuditoroftheCompany Ernst & Young S.A. 35E, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Legal Advisers to the Company Elvinger Hoss Prussen 2, place Winston Churchill L-1340 Luxembourg Grand Duchy of Luxembourg Hong Kong Representative RBC Investor Services Trust Hong Kong Limited 51st floor, Central Plaza 18 Harbour Road Wanchai, Hong Kong Capitalised terms used herein shall have the same meaning as in the current prospectus of Xtrackers** (the ؆Prospectus؆) unless the context requires otherwise. ** This includes synthetic ETFs. 5 Xtrackers** Information for Hong Kong Residents Sub-Funds authorised in Hong Kong As at 30 June 2018, only the following Sub-Funds of Xtrackers** (collectively the “Authorised Sub-Funds”) are authorised by the Securities and Futures Commission in Hong Kong (the “SFC”): Share Class available for Hong Sub-Fund Kong investors Xtrackers MSCI WORLD SWAP UCITS ETF* 2C Xtrackers MSCI USA SWAP UCITS ETF* 1C Xtrackers MSCI TAIWAN UCITS ETF 1C Xtrackers MSCI BRAZIL UCITS ETF 2C Xtrackers NIFTY 50 SWAP UCITS ETF* 1C Xtrackers MSCI KOREA UCITS ETF 1C Xtrackers FTSE CHINA 50 UCITS ETF 1C Xtrackers MSCI PACIFIC EX JAPAN UCITS ETF 2C Xtrackers MSCI RUSSIA CAPPED SWAP UCITS ETF* 2D Xtrackers FTSE VIETNAM SWAP UCITS ETF* 1C Xtrackers CSI300 SWAP UCITS ETF* 2D Xtrackers MSCI INDONESIA SWAP UCITS ETF* 2C Xtrackers MSCI CHINA UCITS ETF 2C Xtrackers MSCI MALAYSIA UCITS ETF 2C Xtrackers MSCI THAILAND UCITS ETF 2C Xtrackers MSCI PHILIPPINES UCITS ETF 2C Xtrackers MSCI SINGAPORE UCITS ETF 2C None of the Sub-Funds of Xtrackers**, other than the Authorised Sub-Funds, are authorised for public sale in Hong Kong nor are they available to Hong Kong residents. Depositary Confirmation As required under Chapter 4.5(f) of the Code on Unit Trusts and Mutual Funds issued by the SFC (the “SFC Code”), State Street Bank Luxembourg S.C.A., in its capacity as the Depositary of Xtrackers**, hereby confirms that in its opinion and to its knowledge and belief, as far as required from a depositary under applicable Luxembourg laws and regulations and the depositary agreement with Xtrackers**, the Management Company of Xtrackers** has, in all material respects, managed Xtrackers** in accordance with the provisions of Xtrackers’** Articles of Incorporation during the first semi-annual financial year 2018. * This is a synthetic ETF. ** This includes synthetic ETFs. 6 Xtrackers** Statistics Xtrackers Xtrackers Xtrackers Xtrackers MSCI WORLD SWAP MSCI EUROPE MSCI JAPAN MSCI USA SWAP UCITS ETF*(1) UCITS ETF(1) UCITS ETF(1) UCITS ETF*(1) USDUSDJPYUSD Total Net Asset Value