Market Overview

Deutsche Asset Management Lowers Expense Ratio for HYLB


Deutsche Asset Management (Deutsche AM) announced the following
voluntary reduction, for a period of at least one year, of the net
expense ratio for the Xtrackers USD High Yield Corporate Bond exchange
traded fund (ETF) (NYSE:HYLB) effective October 27, 2017, reestablishing
the fund's status as the most cost-efficient high-yield ETF in the US


New Net


Old Net

ETF       Ticker      

Expense Ratio1


Expense Ratio

Xtrackers USD High Yield Corporate Bond ETF       HYLB       0.20%       0.25%

"At Deutsche Asset Management, we are committed to providing our clients
with highly relevant and cost-efficient solutions," said Fiona Bassett,
Head of Passive Asset Management for the Americas. "With today's
announcement, investors will receive the most cost-efficient access to
high-yield beta exposure through HYLB2."

Launched in December of last year, HYLB has grown to more than USD 280
million in assets (as of Oct. 25, 2017). named HYLB "Best New US
Fixed-Income ETF" for 20163 for providing access to benchmark
high yield bond exposure while being the most cost efficient high-yield
ETF in the US.

To find out more about the ETFs available in the US, visit:

Deutsche Asset Management

With EUR 711 billion of assets under management (as of June 30, 2017),
Deutsche Asset Management4 is one of the world's leading
investment management organizations. Deutsche Asset Management offers
individuals and institutions traditional and alternative investments
across all major asset classes.

Consider each Fund's investment objectives, risk factors, and charges
and expenses before investing. This and other important information can
be found in the Fund's prospectus, which may be obtained by calling
1-855-DBX-ETFS (1-855-329-3837) or by viewing or downloading a
prospectus at
Please read it carefully before investing.

DBX Advisors LLC (DBX) is the investment adviser to the Xtrackers ETFs,
which are distributed by ALPS Distributors, Inc. (ALPS). DBX is an
indirect, wholly-owned subsidiary of Deutsche Bank AG, neither of which
is affiliated with ALPS.

HYLB RISKS: Investing involves risk, including the possible loss
of principal. Bond investments are subject to interest rate, credit,
liquidity and market risks to varying degrees. When interest rates rise,
bond prices generally fall. Credit risk refers to the ability of an
issuer to make timely payments of principal and interest. Foreign
investing involves greater and different risks than investing in U.S.
companies, including currency fluctuations, less liquidity, less
developed or less efficient trading markets, lack of comprehensive
company information, political instability and differing auditing and
legal standards. Funds investing in a single industry (or group of
industries), country or in a limited geographic region generally are
more volatile than more diversified funds. Investments in lower-quality
("junk bonds") and non-rated securities present greater risk of loss
than investments in higher-quality securities. Performance of the Fund
may diverge from that of the Underlying Index due to operating expenses,
transaction costs, cash flows, use of sampling strategies or operational
inefficiencies. An investment in this fund should be considered only as
a supplement to a complete investment program for those investors
willing to accept the risks associated with that fund. See the
prospectus for details.

Nothing contained herein is fiduciary or impartial investment advice
that is individualized or directed to any plan, plan participant, or IRA
owner regarding the advisability of any investment transaction,
including any IRA distribution or rollover.

No bank guarantee | Not FDIC insured | May lose value

© 2017 Deutsche Asset Management. All rights reserved.

DBX003034 10.30.2018 053163_1.0_

1 The current gross expense ratio for HYLB is 0.25%
Source: Morningstar, as of October 30, 2017
3 Source:, March 30, 2017
4 Deutsche Asset Management is
the brand name of the Asset Management division of the Deutsche Bank
Group. The respective legal entities offering products or services under
the Deutsche Asset Management brand are specified in the respective
contracts, sales materials and other product information documents.

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