DBX ETF Trust NPORT-P Xtrackers S&P 500 Value ESG ETF (May 2024 report)

DBX

ETF

Trust

|

1

Schedule

of

Investments

Xtrackers

S&P

500

Value

ESG

ETF

May

31,

2024

(Unaudited)

Number

of

Shares

Value

$

COMMON

STOCKS

—

99.1%

Communication

Services

—

4.6%

AT&T,

Inc.

3,146

57,320

Comcast

Corp.,

Class

A

1,743

69,772

Interpublic

Group

of

Cos.,

Inc.

169

5,302

News

Corp.,

Class

A

167

4,541

News

Corp.,

Class

B

83

2,314

Omnicom

Group,

Inc.

87

8,087

Paramount

Global,

Class

B

274

3,263

Take-Two

Interactive

Software,

Inc.*

35

5,613

T-Mobile

US,

Inc.

230

40,241

Walt

Disney

Co.

807

83,855

(Cost

$262,273)

280,308

Consumer

Discretionary

—

5.7%

Aptiv

PLC*

123

10,241

Best

Buy

Co.,

Inc.

84

7,125

BorgWarner,

Inc.

134

4,778

Caesars

Entertainment,

Inc.*

53

1,885

Carnival

Corp.*

154

2,322

eBay,

Inc.

228

12,362

Etsy,

Inc.*

38

2,412

General

Motors

Co.

508

22,855

Hasbro,

Inc.

74

4,424

Home

Depot,

Inc.

276

92,424

Las

Vegas

Sands

Corp.

82

3,693

Lowe's

Cos.,

Inc.

253

55,986

McDonald's

Corp.

179

46,341

MGM

Resorts

International*

55

2,209

Mohawk

Industries,

Inc.*

30

3,658

NIKE,

Inc.,

Class

B

305

28,990

Ralph

Lauren

Corp.

10

1,869

Starbucks

Corp.

204

16,365

Tapestry,

Inc.

101

4,393

Tractor

Supply

Co.

28

7,988

Ulta

Beauty,

Inc.*

7

2,766

Yum!

Brands,

Inc.

67

9,208

(Cost

$334,838)

344,294

Consumer

Staples

—

10.0%

Archer-Daniels-Midland

Co.

235

14,673

Campbell

Soup

Co.

112

4,971

Coca-Cola

Co.

1,044

65,699

Colgate-Palmolive

Co.

221

20,544

Conagra

Brands,

Inc.

210

6,275

Estee

Lauder

Cos.,

Inc.,

Class

A

102

12,583

General

Mills,

Inc.

250

17,188

Hershey

Co.

41

8,111

Hormel

Foods

Corp.

128

3,965

Number

of

Shares

Value

$

J

M

Smucker

Co.

47

5,247

Kellanova

116

6,999

Keurig

Dr

Pepper,

Inc.

458

15,687

Kraft

Heinz

Co.

351

12,415

Kroger

Co.

291

15,240

Lamb

Weston

Holdings,

Inc.

22

1,942

McCormick

&

Co.,

Inc.

111

8,016

Molson

Coors

Beverage

Co.,

Class

B

81

4,440

Mondelez

International,

Inc.,

Class

A

344

23,574

PepsiCo,

Inc.

387

66,912

Procter

&

Gamble

Co.

632

103,989

Sysco

Corp.

219

15,948

Target

Corp.

203

31,700

Tyson

Foods,

Inc.,

Class

A

126

7,214

Walgreens

Boots

Alliance,

Inc.

315

5,109

Walmart,

Inc.

1,884

123,892

(Cost

$554,897)

602,333

Energy

—

5.3%

Baker

Hughes

Co.

440

14,731

Chevron

Corp.

763

123,835

Devon

Energy

Corp.

282

13,841

EQT

Corp.

181

7,437

Halliburton

Co.

392

14,386

Kinder

Morgan,

Inc.

851

16,586

Marathon

Petroleum

Corp.

73

12,892

Occidental

Petroleum

Corp.

290

18,125

ONEOK,

Inc.

97

7,857

Phillips

66

189

26,859

Schlumberger

NV

628

28,819

Valero

Energy

Corp.

150

23,571

Williams

Cos.,

Inc.

327

13,574

(Cost

$312,733)

322,513

Financials

—

24.6%

Aflac,

Inc.

232

20,850

Allstate

Corp.

116

19,432

American

Express

Co.

75

18,000

American

International

Group,

Inc.

309

24,355

Ameriprise

Financial,

Inc.

21

9,169

Aon

PLC,

Class

A

43

12,111

Arthur

J

Gallagher

&

Co.

47

11,907

Assurant,

Inc.

23

3,990

Bank

of

America

Corp.

3,029

121,130

Bank

of

New

York

Mellon

Corp.

334

19,910

BlackRock,

Inc.

62

47,866

Blackstone,

Inc.

89

10,725

Capital

One

Financial

Corp.

167

22,984

Cboe

Global

Markets,

Inc.

22

3,806

2

|

DBX

ETF

Trust

Schedule

of

Investments

Xtrackers

S&P

500

Value

ESG

ETF

(Continued)

May

31,

2024

(Unaudited)

Number

of

Shares

Value

$

Charles

Schwab

Corp.

655

47,998

Chubb

Ltd.

178

48,206

Citigroup,

Inc.

837

52,153

Citizens

Financial

Group,

Inc.

205

7,234

CME

Group,

Inc.

101

20,501

Comerica,

Inc.

58

2,972

Discover

Financial

Services

51

6,256

FactSet

Research

Systems,

Inc.

11

4,447

Fidelity

National

Information

Services,

Inc.

261

19,805

Fifth

Third

Bancorp

300

11,226

Fiserv,

Inc.*

127

19,020

Franklin

Resources,

Inc.

160

3,776

Global

Payments,

Inc.

115

11,713

Globe

Life,

Inc.

49

4,055

Goldman

Sachs

Group,

Inc.

143

65,282

Hartford

Financial

Services

Group,

Inc.

131

13,552

Huntington

Bancshares,

Inc.

637

8,867

Intercontinental

Exchange,

Inc.

252

33,743

Invesco

Ltd.

256

4,022

Jack

Henry

&

Associates,

Inc.

32

5,270

JPMorgan

Chase

&

Co.

1,272

257,745

KeyCorp

412

5,920

M&T

Bank

Corp.

73

11,067

MarketAxess

Holdings,

Inc.

22

4,376

Mastercard,

Inc.,

Class

A

102

45,601

MetLife,

Inc.

270

19,540

Moody's

Corp.

37

14,689

Morgan

Stanley

551

53,910

MSCI,

Inc.

15

7,428

Nasdaq,

Inc.

167

9,858

Northern

Trust

Corp.

90

7,582

PayPal

Holdings,

Inc.*

472

29,731

PNC

Financial

Services

Group,

Inc.

175

27,543

Principal

Financial

Group,

Inc.

97

7,958

Prudential

Financial,

Inc.

159

19,136

Raymond

James

Financial,

Inc.

83

10,188

Regions

Financial

Corp.

407

7,875

S&P

Global,

Inc.

79

33,773

State

Street

Corp.

133

10,053

Synchrony

Financial

179

7,840

T.

Rowe

Price

Group,

Inc.

99

11,665

Travelers

Cos.,

Inc.

100

21,570

Truist

Financial

Corp.

587

22,159

US

Bancorp

685

27,777

Visa,

Inc.,

Class

A

237

64,573

Willis

Towers

Watson

PLC

45

11,488

(Cost

$1,281,726)

1,487,378

Number

of

Shares

Value

$

Health

Care

—

19.9%

Abbott

Laboratories

764

78,073

AbbVie,

Inc.

492

79,330

Agilent

Technologies,

Inc.

129

16,823

Amgen,

Inc.

235

71,875

Baxter

International,

Inc.

223

7,602

Becton

Dickinson

and

Co.

127

29,460

Biogen,

Inc.*

64

14,396

Bio-Rad

Laboratories,

Inc.*,

Class

A

12

3,442

Boston

Scientific

Corp.*

290

21,915

Bristol-Myers

Squibb

Co.

895

36,776

Cardinal

Health,

Inc.

107

10,622

Catalent,

Inc.*

80

4,303

Cencora,

Inc.

73

16,540

Centene

Corp.*

235

16,824

Charles

River

Laboratories

International,

Inc.*

23

4,794

Cigna

Group

129

44,456

CVS

Health

Corp.

554

33,018

Danaher

Corp.

291

74,729

DaVita,

Inc.*

14

2,060

Edwards

Lifesciences

Corp.*

168

14,598

Elevance

Health,

Inc.

104

56,002

Gilead

Sciences,

Inc.

548

35,220

Humana,

Inc.

54

19,338

Illumina,

Inc.*

70

7,300

Incyte

Corp.*

82

4,739

IQVIA

Holdings,

Inc.*

50

10,954

Medtronic

PLC

585

47,601

Merck

&

Co.,

Inc.

669

83,986

Mettler-Toledo

International,

Inc.*

6

8,425

Moderna,

Inc.*

146

20,812

Pfizer,

Inc.

2,484

71,191

Quest

Diagnostics,

Inc.

49

6,957

Regeneron

Pharmaceuticals,

Inc.*

19

18,623

Revvity,

Inc.

54

5,900

Stryker

Corp.

54

18,419

Thermo

Fisher

Scientific,

Inc.

106

60,206

UnitedHealth

Group,

Inc.

253

125,329

Waters

Corp.*

16

4,942

Zoetis,

Inc.

91

15,430

(Cost

$1,188,136)

1,203,010

Industrials

—

9.5%

Allegion

PLC

24

2,924

American

Airlines

Group,

Inc.*

288

3,312

AMETEK,

Inc.

53

8,988

Automatic

Data

Processing,

Inc.

110

26,941

DBX

ETF

Trust

|

3

Schedule

of

Investments

Xtrackers

S&P

500

Value

ESG

ETF

(Continued)

May

31,

2024

(Unaudited)

Number

of

Shares

Value

$

Broadridge

Financial

Solutions,

Inc.

22

4,417

C.H.

Robinson

Worldwide,

Inc.

66

5,700

Carrier

Global

Corp.

191

12,069

Caterpillar,

Inc.

94

31,821

Cintas

Corp.

17

11,526

CSX

Corp.

435

14,681

Cummins,

Inc.

60

16,904

Dayforce,

Inc.*

31

1,533

Deere

&

Co.

49

18,363

Delta

Air

Lines,

Inc.

124

6,327

Dover

Corp.

62

11,397

Eaton

Corp.

PLC

67

22,301

Emerson

Electric

Co.

252

28,264

General

Electric

Co.

273

45,083

Hubbell,

Inc.

13

5,056

IDEX

Corp.

33

6,885

Illinois

Tool

Works,

Inc.

65

15,779

Ingersoll

Rand,

Inc.

53

4,932

JB

Hunt

Transport

Services,

Inc.

36

5,787

Johnson

Controls

International

PLC

300

21,573

Masco

Corp.

44

3,076

Norfolk

Southern

Corp.

99

22,255

Otis

Worldwide

Corp.

109

10,813

PACCAR,

Inc.

62

6,665

Parker-Hannifin

Corp.

12

6,378

Paychex,

Inc.

85

10,214

Pentair

PLC

31

2,523

Quanta

Services,

Inc.

20

5,519

Republic

Services,

Inc.

39

7,222

Robert

Half,

Inc.

60

3,854

Rockwell

Automation,

Inc.

26

6,696

Stanley

Black

&

Decker,

Inc.

67

5,840

Trane

Technologies

PLC

31

10,151

Union

Pacific

Corp.

148

34,457

United

Parcel

Service,

Inc.,

Class

B

318

44,180

Verisk

Analytics,

Inc.

29

7,331

W.W.

Grainger,

Inc.

5

4,607

Waste

Management,

Inc.

85

17,912

Westinghouse

Air

Brake

Technologies

Corp.

79

13,369

Xylem,

Inc.

106

14,948

(Cost

$495,297)

570,573

Information

Technology

—

8.2%

Accenture

PLC,

Class

A

127

35,851

Akamai

Technologies,

Inc.*

45

4,151

Analog

Devices,

Inc.

89

20,870

Autodesk,

Inc.*

45

9,072

Number

of

Shares

Value

$

Cisco

Systems,

Inc.

1,788

83,142

First

Solar,

Inc.*

47

12,773

Hewlett

Packard

Enterprise

Co.

572

10,096

HP,

Inc.

384

14,016

Intel

Corp.

1,860

57,381

International

Business

Machines

Corp.

403

67,241

Keysight

Technologies,

Inc.*

77

10,663

Micron

Technology,

Inc.

486

60,750

Motorola

Solutions,

Inc.

31

11,312

NetApp,

Inc.

57

6,864

NXP

Semiconductors

NV

28

7,619

ON

Semiconductor

Corp.*

105

7,669

QUALCOMM,

Inc.

236

48,156

Seagate

Technology

Holdings

PLC

51

4,755

TE

Connectivity

Ltd.

83

12,425

Western

Digital

Corp.*

143

10,766

(Cost

$447,953)

495,572

Materials

—

4.0%

Air

Products

and

Chemicals,

Inc.

98

26,137

Albemarle

Corp.

52

6,375

Amcor

PLC

636

6,468

Ball

Corp.

139

9,651

Corteva,

Inc.

309

17,285

Dow,

Inc.

309

17,808

Ecolab,

Inc.

55

12,771

FMC

Corp.

55

3,352

Freeport-McMoRan,

Inc.

315

16,610

International

Flavors

&

Fragrances,

Inc.

112

10,772

Linde

PLC

102

44,423

LyondellBasell

Industries

NV,

Class

A

113

11,234

Newmont

Corp.

507

21,263

PPG

Industries,

Inc.

104

13,667

Sherwin-Williams

Co.

52

15,798

Westrock

Co.

113

6,061

(Cost

$208,569)

239,675

Real

Estate

—

4.2%

Alexandria

Real

Estate

Equities,

Inc.

REIT

69

8,211

American

Tower

Corp.

REIT

121

23,685

AvalonBay

Communities,

Inc.

REIT

62

11,946

Boston

Properties,

Inc.

REIT

64

3,883

CBRE

Group,

Inc.*,

Class

A

131

11,537

Digital

Realty

Trust,

Inc.

REIT

84

12,209

Equinix,

Inc.

REIT

22

16,786

Equity

Residential

REIT

152

9,885

Extra

Space

Storage,

Inc.

REIT

93

13,464

4

|

DBX

ETF

Trust

Schedule

of

Investments

Xtrackers

S&P

500

Value

ESG

ETF

(Continued)

May

31,

2024

(Unaudited)

Hidden

Row

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

May

31,

2024

is

as

follows:

Number

of

Shares

Value

$

Federal

Realty

Investment

Trust

REIT

42

4,240

Healthpeak

Properties,

Inc.

REIT

311

6,189

Host

Hotels

&

Resorts,

Inc.

REIT

178

3,193

Iron

Mountain,

Inc.

REIT

63

5,083

Kimco

Realty

Corp.

REIT

293

5,672

Prologis,

Inc.

REIT

407

44,969

Public

Storage

REIT

40

10,953

Regency

Centers

Corp.

REIT

72

4,421

SBA

Communications

Corp.

REIT

28

5,507

UDR,

Inc.

REIT

133

5,136

Ventas,

Inc.

REIT

177

8,896

Welltower,

Inc.

REIT

244

25,295

Weyerhaeuser

Co.

REIT

321

9,640

(Cost

$248,783)

250,800

Utilities

—

3.1%

American

Water

Works

Co.,

Inc.

86

11,246

Consolidated

Edison,

Inc.

152

14,372

Edison

International

169

12,988

Entergy

Corp.

93

10,462

Eversource

Energy

154

9,121

Exelon

Corp.

438

16,447

Number

of

Shares

Value

$

NextEra

Energy,

Inc.

903

72,258

Public

Service

Enterprise

Group,

Inc.

219

16,591

Sempra

277

21,337

(Cost

$165,900)

184,822

TOTAL

COMMON

STOCKS

(Cost

$5,501,105)

5,981,278

EXCHANGE-TRADED

FUNDS

—

0.7%

SPDR

Portfolio

S&P

500

Value

ETF

(Cost

$38,736)

850

41,973

CASH

EQUIVALENTS

—

0.0%

DWS

Government

Money

Market

Series

"Institutional

Shares"(a),

5.26%

(Cost

$2,664)

2,664

2,664

TOTAL

INVESTMENTS

—

99.8%

(Cost

$5,542,505)  

6,025,915

Other

assets

and

liabilities,

net

—

0.2%

9,123

NET

ASSETS

—

100.0%

6,035,038

 *

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

Shares

at

5/31/2024

Value

($)

at

5/31/2024

CASH

EQUIVALENTS

—

0.0%

DWS

Government

Money

Market

Series

"Institutional

Shares",

5.26% (a)

493

150,995

(148,824)

—

—

128

—

2,664

2,664

*

Non-income

producing

security.

(a)

Affiliated

fund

managed

by

DWS

Investment

Management

Americas,

Inc.

The

rate

shown

is

the

annualized

seven-day

yield

at

period

end.

REIT:

Real

Estate

Investment

Trust

DBX

ETF

Trust

|

5

Schedule

of

Investments

Xtrackers

S&P

500

Value

ESG

ETF

(Continued)

May

31,

2024

(Unaudited)

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

May

31,

2024

in

valuing

the

Fund’s

investments.

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

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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

SNPV-PH3

R-089711-2

(5/25)

DBX006037

(5/25) 

Assets

Level

1

Level

2

Level

3

Total

Common

Stocks

(a)

$

5,981,278

$

—

$

—

$

5,981,278

Exchange-Traded

Funds

41,973

—

—

41,973

Short-Term

Investments

(a)

2,664

—

—

2,664

TOTAL

$

6,025,915

$

—

$

—

$

6,025,915

(a)

See

Schedule

of

Investments

for

additional

detailed

categorizations.