This Includes Synthetic 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 2020 to 30 June 2020 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. ** 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 2020 28 Statement of Investments as at 30 June 2020 48 Xtrackers MSCI WORLD SWAP UCITS ETF* 48 Xtrackers MSCI EUROPE UCITS ETF 55 Xtrackers MSCI JAPAN UCITS ETF 66 Xtrackers MSCI USA SWAP UCITS ETF* 73 Xtrackers EURO STOXX 50 UCITS ETF 77 Xtrackers DAX UCITS ETF 79 Xtrackers FTSE MIB UCITS ETF 80 Xtrackers SWITZERLAND UCITS ETF 82 Xtrackers FTSE 100 INCOME UCITS ETF 83 Xtrackers FTSE 250 UCITS ETF 86 Xtrackers FTSE ALL-SHARE UCITS ETF 92 Xtrackers MSCI EMERGING MARKETS SWAP UCITS ETF* 106 Xtrackers MSCI EM ASIA SWAP UCITS ETF* 110 Xtrackers MSCI EM LATIN AMERICA SWAP UCITS ETF* 113 Xtrackers MSCI EM EUROPE, MIDDLE EAST & AFRICA SWAP UCITS ETF* 115 Xtrackers MSCI TAIWAN UCITS ETF 117 Xtrackers MSCI BRAZIL UCITS ETF 120 Xtrackers NIFTY 50 SWAP UCITS ETF* 122 Xtrackers MSCI KOREA UCITS ETF 124 Xtrackers FTSE CHINA 50 UCITS ETF 127 Xtrackers EURO STOXX QUALITY DIVIDEND UCITS ETF 129 Xtrackers STOXX GLOBAL SELECT DIVIDEND 100 SWAP UCITS ETF* 131 Xtrackers STOXX EUROPE 600 BASIC RESOURCES SWAP UCITS ETF* 134 Xtrackers STOXX EUROPE 600 OIL & GAS SWAP UCITS ETF* 137 Xtrackers STOXX EUROPE 600 HEALTH CARE SWAP UCITS ETF* 139 Xtrackers STOXX EUROPE 600 BANKS SWAP UCITS ETF* 140 Xtrackers STOXX EUROPE 600 TELECOMMUNICATIONS SWAP UCITS ETF* 141 Xtrackers STOXX EUROPE 600 TECHNOLOGY SWAP UCITS ETF* 142 Xtrackers STOXX EUROPE 600 UTILITIES SWAP UCITS ETF* 144 Xtrackers STOXX EUROPE 600 FOOD & BEVERAGE SWAP UCITS ETF* 146 Xtrackers STOXX EUROPE 600 INDUSTRIAL GOODS SWAP UCITS ETF* 148 Xtrackers DBLCI COMMODITY OPTIMUM YIELD SWAP UCITS ETF* 150 Xtrackers SHORTDAX DAILY SWAP UCITS ETF* 152 Xtrackers EURO STOXX 50 SHORT DAILY SWAP UCITS ETF* 156 Xtrackers SLI UCITS ETF 159 Xtrackers FTSE 100 SHORT DAILY SWAP UCITS ETF* 160 Xtrackers S&P 500 INVERSE DAILY SWAP UCITS ETF* 162 Xtrackers PORTFOLIO UCITS ETF 164 Xtrackers MSCI AC ASIA EX JAPAN SWAP UCITS ETF* 165 Xtrackers MSCI PACIFIC EX JAPAN UCITS ETF 168 Xtrackers MSCI RUSSIA CAPPED SWAP UCITS ETF* 172 Xtrackers FTSE VIETNAM SWAP UCITS ETF* 173 Xtrackers LPX PRIVATE EQUITY SWAP UCITS ETF* 176 Xtrackers S&P ASX 200 UCITS ETF 177 Xtrackers STOXX EUROPE 600 UCITS ETF 182 Xtrackers S&P GLOBAL INFRASTRUCTURE SWAP UCITS ETF* 197 Xtrackers CAC 40 UCITS ETF 198 Xtrackers MSCI EUROPE MID CAP UCITS ETF 200 Xtrackers MSCI EUROPE SMALL CAP UCITS ETF 207 Xtrackers S&P SELECT FRONTIER SWAP UCITS ETF* 229 Xtrackers USD OVERNIGHT RATE SWAP UCITS ETF* 231 Xtrackers S&P 500 2X LEVERAGED DAILY SWAP UCITS ETF* 233 *This is a synthetic ETF. **This includes synthetic ETFs. 2 Xtrackers** Table of contents (continued) Page Xtrackers SHORTDAX X2 DAILY SWAP UCITS ETF* 234 Xtrackers LEVDAX DAILY SWAP UCITS ETF* 236 Xtrackers DB BLOOMBERG COMMODITY OPTIMUM YIELD SWAP UCITS ETF* 238 Xtrackers S&P 500 2X INVERSE DAILY SWAP UCITS ETF* 239 Xtrackers CSI300 SWAP UCITS ETF* 242 Xtrackers MSCI CANADA UCITS ETF 246 Xtrackers MSCI INDONESIA SWAP UCITS ETF* 248 Xtrackers MSCI MEXICO UCITS ETF 251 Xtrackers MSCI EUROPE VALUE UCITS ETF 252 Xtrackers S&P 500 SWAP UCITS ETF* 257 Xtrackers FTSE DEVELOPED EUROPE REAL ESTATE UCITS ETF 269 Xtrackers MSCI CHINA UCITS ETF 273 Xtrackers MSCI INDIA SWAP UCITS ETF* 290 Xtrackers MSCI MALAYSIA UCITS ETF 293 Xtrackers MSCI THAILAND UCITS ETF 294 Xtrackers MSCI PHILIPPINES UCITS ETF 296 Xtrackers MSCI AFRICA TOP 50 SWAP UCITS ETF* 297 Xtrackers SPAIN UCITS ETF 299 Xtrackers MSCI PAKISTAN SWAP UCITS ETF* 301 Xtrackers MSCI SINGAPORE UCITS ETF 303 Xtrackers ATX UCITS ETF 306 Xtrackers MSCI EMU UCITS ETF 307 Xtrackers DAX INCOME UCITS ETF 314 Xtrackers FTSE 100 UCITS ETF 315 Xtrackers NIKKEI 225 UCITS ETF 318 Xtrackers HARVEST CSI300 UCITS ETF 323 Xtrackers HARVEST FTSE CHINA A-H 50 UCITS ETF 337 Notes to the Financial Statements 339 Information for Shareholders 391 *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 - Thilo Wendenburg(1) Independent director, c/o DWS Investment S.A., 2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg. - Manooj Mistry(2) DWS Global Head of Index Investing, DWS Investments UK Limited, Winchester House, 1 Great Winchester St, London EC2N 2DB, United Kingdom. - Philippe Ah-Sun Chief Operating Officer of Index Investing, DWS Investments UK Limited, Winchester House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom. - Alex McKenna Head of Product Platform Engineering at DWS Investments UK Limited, Winchester House, 1 Great Winchester St, London EC2N 2DB, United Kingdom. - Freddy Brausch Member of the Luxembourg Bar, independent director, 35, avenue J. F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg. Depositary State Street Bank International GmbH, Luxembourg Branch 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Management Company DWS Investment 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 International GmbH, Luxembourg Branch 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg Registrar and Transfer Agent State Street Bank International GmbH, Luxembourg Branch 49, avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg (1)Thilo Wendenburg was appointed to the Board of Directors as at the General Meeting dated 26 June 2020. (2)Manooj Mistry submitted a letter of resignation dated 30 June 2020 to the Board of Directors. As a result, Manooj Mistry is no longer a member of the Board of Directors as of the aforementioned date. ** This includes synthetic ETFs. 4 Xtrackers** Organisation (continued) Investment Managers / Sub-Portfolio Managers to certain Sub-Funds (see note 12) DWS Investments UK Limited Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom DWS Investment GmbH Mainzer Landstrasse 11-17 60329 Frankfurt am Main Germany DWS Investments Hong Kong Limited Level 52/F, International Commerce Centre 1 Austin Road West, Kowloon, Hong Kong (1) 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 société anonyme 2, place Winston Churchill L-1340 Luxembourg Grand Duchy of Luxembourg Hong Kong Representative DWS Investments Hong Kong Limited Level 52/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong Capitalised terms used herein shall have the same meaning as in the prospectus of Xtrackers** applicable as at 30 June 2020 (the ؆Prospectus؆) unless the context requires otherwise. (1)As of 12 February 2020. ** This includes synthetic ETFs. 5 Xtrackers** Information for Hong Kong Residents Sub-Funds authorised in Hong Kong As at 30 June 2020, 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 International GmbH, Luxembourg Branch, 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 period ending 30 June 2020.