DBX ETF Trust NPORT-P Xtrackers MSCI USA Climate Action Equity ETF (Nov 2024 report)

DBX

ETF

Trust

|

1

Schedule

of

Investments

Xtrackers

MSCI

USA

Climate

Action

Equity

ETF

November

30,

2024

(Unaudited)

Number

of

Shares

Value

$

COMMON

STOCKS

—

99.6%

Communication

Services

—

11.6%

Alphabet,

Inc.,

Class

A

400,420

67,650,959

Alphabet,

Inc.,

Class

C

342,133

58,330,255

AT&T,

Inc.

533,537

12,356,717

Comcast

Corp.,

Class

A

287,073

12,398,683

Liberty

Media

Corp.-Liberty

Formula

One,

Class

C

*

15,123

1,336,268

Match

Group,

Inc.

*

19,650

643,341

Meta

Platforms,

Inc.,

Class

A

163,231

93,746,828

Netflix,

Inc.

*

32,061

28,432,016

Pinterest,

Inc.,

Class

A

*

44,873

1,360,549

Snap,

Inc.,

Class

A

*

80,873

955,110

T-Mobile

US,

Inc.

39,084

9,651,403

Verizon

Communications,

Inc.

313,467

13,899,127

Walt

Disney

Co.

135,330

15,897,215

(Cost

$224,668,888)

316,658,471

Consumer

Discretionary

—

12.5%

Airbnb,

Inc.,

Class

A

*

32,873

4,474,344

Amazon.com,

Inc.

*

622,947

129,504,452

Booking

Holdings,

Inc.

2,498

12,994,546

Chipotle

Mexican

Grill,

Inc.

*

101,979

6,273,748

Deckers

Outdoor

Corp.

*

11,818

2,315,855

eBay,

Inc.

36,500

2,310,085

Flutter

Entertainment

PLC

*

13,352

3,689,425

Ford

Motor

Co.

296,664

3,301,870

General

Motors

Co.

83,625

4,648,714

Hilton

Worldwide

Holdings,

Inc.

18,129

4,594,614

Home

Depot,

Inc.

74,057

31,780,080

Hyatt

Hotels

Corp.,

Class

A

3,522

556,265

Las

Vegas

Sands

Corp.

29,466

1,563,466

Lululemon

Athletica,

Inc.

*

8,255

2,647,048

Marriott

International,

Inc.,

Class

A

17,744

5,129,613

McDonald's

Corp.

53,284

15,772,597

MercadoLibre,

Inc.

*

3,404

6,757,519

MGM

Resorts

International

*

17,639

676,279

NIKE,

Inc.,

Class

B

88,437

6,966,183

Royal

Caribbean

Cruises

Ltd.

18,267

4,458,244

Starbucks

Corp.

84,516

8,659,509

Tesla,

Inc.

*

214,682

74,099,639

Tractor

Supply

Co.

7,953

2,256,028

Ulta

Beauty,

Inc.

*

3,534

1,366,386

Williams-Sonoma,

Inc.

9,222

1,586,368

Wynn

Resorts

Ltd.

7,856

741,449

Yum!

Brands,

Inc.

21,501

2,987,349

(Cost

$259,501,937)

342,111,675

Consumer

Staples

—

6.2%

Church

&

Dwight

Co.,

Inc.

19,200

2,114,496

Clorox

Co.

9,514

1,590,455

Number

of

Shares

Value

$

Coca-Cola

Co.

304,304

19,499,800

Colgate-Palmolive

Co.

57,122

5,519,699

Constellation

Brands,

Inc.,

Class

A

12,363

2,978,865

Costco

Wholesale

Corp.

33,073

32,142,987

Estee

Lauder

Cos.,

Inc.,

Class

A

17,656

1,273,351

General

Mills,

Inc.

42,540

2,818,700

Hershey

Co.

10,330

1,819,423

Kellanova

21,196

1,723,023

Keurig

Dr

Pepper,

Inc.

88,207

2,879,959

Kimberly-Clark

Corp.

25,958

3,617,247

McCormick

&

Co.,

Inc.

19,612

1,537,777

Molson

Coors

Beverage

Co.,

Class

B

13,866

860,524

Mondelez

International,

Inc.,

Class

A

98,268

6,382,507

PepsiCo,

Inc.

101,613

16,608,645

Procter

&

Gamble

Co.

174,913

31,354,904

Target

Corp.

34,275

4,534,925

The

Campbell's

Company

14,834

685,331

Walmart,

Inc.

330,151

30,538,968

(Cost

$157,337,725)

170,481,586

Energy

—

3.8%

Baker

Hughes

Co.

74,349

3,267,639

Chevron

Corp.

129,564

20,980,298

ConocoPhillips

86,528

9,374,444

Diamondback

Energy,

Inc.

14,655

2,602,581

EOG

Resources,

Inc.

42,231

5,627,703

Exxon

Mobil

Corp.

331,919

39,153,165

Halliburton

Co.

64,303

2,048,694

Hess

Corp.

21,415

3,151,860

Kinder

Morgan,

Inc.

148,274

4,191,706

Occidental

Petroleum

Corp.

45,147

2,283,535

ONEOK,

Inc.

43,495

4,941,032

Schlumberger

NV

105,102

4,618,182

(Cost

$94,231,676)

102,240,839

Financials

—

14.2%

American

Express

Co.

42,361

12,906,550

American

International

Group,

Inc.

47,040

3,616,435

Aon

PLC,

Class

A

14,523

5,686,335

Apollo

Global

Management,

Inc.

30,195

5,285,031

Arch

Capital

Group

Ltd.

28,555

2,876,060

Arthur

J

Gallagher

&

Co.

16,489

5,148,525

Bank

of

America

Corp.

519,355

24,674,556

Bank

of

New

York

Mellon

Corp.

53,981

4,419,424

Blackrock,

Inc.

10,921

11,169,999

Block,

Inc.

*

42,430

3,757,177

Carlyle

Group,

Inc.

17,553

934,346

Cboe

Global

Markets,

Inc.

7,865

1,697,660

Charles

Schwab

Corp.

119,276

9,871,282

Chubb

Ltd.

28,540

8,240,354

2

|

DBX

ETF

Trust

Schedule

of

Investments

Xtrackers

MSCI

USA

Climate

Action

Equity

ETF

(Continued)

November

30,

2024

(Unaudited)

Number

of

Shares

Value

$

Citigroup,

Inc.

141,715

10,043,342

CME

Group,

Inc.

27,333

6,505,254

Discover

Financial

Services

19,165

3,496,271

FactSet

Research

Systems,

Inc.

2,927

1,436,191

Fidelity

National

Information

Services,

Inc.

40,282

3,436,055

Fiserv,

Inc.

*

42,927

9,485,150

Global

Payments,

Inc.

19,532

2,323,527

Goldman

Sachs

Group,

Inc.

23,539

14,325,129

Hartford

Financial

Services

Group,

Inc.

21,404

2,639,327

Intercontinental

Exchange,

Inc.

43,644

7,024,938

Jack

Henry

&

Associates,

Inc.

5,537

975,509

JPMorgan

Chase

&

Co.

212,106

52,967,110

Marsh

&

McLennan

Cos.,

Inc.

36,135

8,427,766

Mastercard,

Inc.,

Class

A

61,590

32,823,775

Moody's

Corp.

12,437

6,218,251

Morgan

Stanley

90,405

11,898,202

Nasdaq,

Inc.

33,081

2,745,392

Northern

Trust

Corp.

15,129

1,681,740

PayPal

Holdings,

Inc.

*

72,346

6,277,462

Progressive

Corp.

43,742

11,761,349

S&P

Global,

Inc.

23,752

12,410,658

State

Street

Corp.

22,992

2,264,942

T.

Rowe

Price

Group,

Inc.

17,506

2,167,943

Tradeweb

Markets,

Inc.,

Class

A

8,727

1,182,509

Travelers

Cos.,

Inc.

16,934

4,505,121

US

Bancorp

118,214

6,299,624

Visa,

Inc.,

Class

A

124,618

39,264,639

W.R.

Berkley

Corp.

23,270

1,502,079

Wells

Fargo

&

Co.

253,749

19,328,061

Willis

Towers

Watson

PLC

7,626

2,455,572

(Cost

$277,019,933)

388,156,622

Health

Care

—

11.5%

Abbott

Laboratories

129,122

15,335,820

AbbVie,

Inc.

131,817

24,113,284

Agilent

Technologies,

Inc.

21,009

2,898,612

Amgen,

Inc.

39,928

11,294,433

Becton

Dickinson

&

Co.

21,097

4,681,424

Biogen,

Inc.

*

11,396

1,830,540

Boston

Scientific

Corp.

*

109,639

9,939,872

Bristol-Myers

Squibb

Co.

151,161

8,951,754

Catalent,

Inc.

*

13,656

834,518

Charles

River

Laboratories

International,

Inc.

*

4,084

812,961

Danaher

Corp.

48,250

11,565,043

DaVita,

Inc.

*

4,113

683,457

Edwards

Lifesciences

Corp.

*

45,512

3,247,281

Eli

Lilly

&

Co.

60,322

47,977,103

Exact

Sciences

Corp.

*

13,599

844,226

Gilead

Sciences,

Inc.

92,683

8,580,592

Humana,

Inc.

9,166

2,716,619

Number

of

Shares

Value

$

IDEXX

Laboratories,

Inc.

*

6,375

2,688,656

Illumina,

Inc.

*

12,121

1,747,242

Incyte

Corp.

*

13,907

1,037,323

IQVIA

Holdings,

Inc.

*

14,048

2,821,400

Johnson

&

Johnson

179,130

27,766,941

Labcorp

Holdings,

Inc.

6,332

1,527,025

McKesson

Corp.

9,684

6,086,394

Merck

&

Co.,

Inc.

188,995

19,209,452

Mettler-Toledo

International,

Inc.

*

1,603

2,005,674

Moderna,

Inc.

*

24,146

1,039,727

Pfizer,

Inc.

421,406

11,045,051

Regeneron

Pharmaceuticals,

Inc.

*

8,082

6,063,278

Teleflex,

Inc.

3,373

650,483

Thermo

Fisher

Scientific,

Inc.

28,392

15,037,255

UnitedHealth

Group,

Inc.

68,909

42,048,272

Vertex

Pharmaceuticals,

Inc.

*

19,130

8,955,327

Waters

Corp.

*

4,537

1,745,475

Zimmer

Biomet

Holdings,

Inc.

15,524

1,740,240

Zoetis,

Inc.

33,544

5,878,586

(Cost

$291,062,186)

315,401,340

Industrials

—

6.8%

AECOM

10,330

1,208,300

AMETEK,

Inc.

16,803

3,266,167

Automatic

Data

Processing,

Inc.

30,547

9,375,791

Booz

Allen

Hamilton

Holding

Corp.

10,416

1,543,443

Broadridge

Financial

Solutions,

Inc.

8,885

2,097,038

Carlisle

Cos.,

Inc.

3,230

1,475,141

Carrier

Global

Corp.

59,884

4,633,225

Cintas

Corp.

27,641

6,241,061

Copart,

Inc.

*

65,798

4,170,935

CSX

Corp.

141,614

5,175,992

Cummins,

Inc.

10,368

3,888,415

Dayforce,

Inc.

*

(a)

11,644

931,404

Deere

&

Co.

19,233

8,960,655

Dover

Corp.

10,736

2,210,542

Eaton

Corp.

PLC

29,507

11,077,518

Emerson

Electric

Co.

42,492

5,634,439

Equifax,

Inc.

9,409

2,461,018

Expeditors

International

of

Washington,

Inc.

10,878

1,323,200

FedEx

Corp.

17,272

5,227,716

Fortive

Corp.

27,358

2,170,310

Graco,

Inc.

13,288

1,210,271

Hubbell,

Inc.

4,125

1,897,871

IDEX

Corp.

5,797

1,336,962

Ingersoll

Rand,

Inc.

28,838

3,004,054

Johnson

Controls

International

PLC

49,192

4,125,241

Lennox

International,

Inc.

2,509

1,673,829

DBX

ETF

Trust

|

3

Schedule

of

Investments

Xtrackers

MSCI

USA

Climate

Action

Equity

ETF

(Continued)

November

30,

2024

(Unaudited)

Number

of

Shares

Value

$

Norfolk

Southern

Corp.

17,381

4,794,549

Old

Dominion

Freight

Line,

Inc.

14,225

3,202,617

Owens

Corning

6,416

1,319,258

PACCAR,

Inc.

39,659

4,640,103

Paychex,

Inc.

24,457

3,577,325

Paycom

Software,

Inc.

3,908

906,343

Pentair

PLC

12,522

1,364,773

Quanta

Services,

Inc.

10,988

3,785,586

Republic

Services,

Inc.

16,629

3,630,111

Rockwell

Automation,

Inc.

8,806

2,599,003

Stanley

Black

&

Decker,

Inc.

11,028

986,455

Trane

Technologies

PLC

16,662

6,935,058

TransUnion

14,972

1,519,658

Uber

Technologies,

Inc.

*

142,823

10,277,543

Union

Pacific

Corp.

45,116

11,038,081

United

Parcel

Service,

Inc.,

Class

B

54,014

7,330,780

Veralto

Corp.

18,169

1,965,704

Verisk

Analytics,

Inc.

10,765

3,167,171

Waste

Connections,

Inc.

19,754

3,802,052

Waste

Management,

Inc.

30,420

6,942,452

Westinghouse

Air

Brake

Technologies

Corp.

13,449

2,698,138

Xylem,

Inc.

18,184

2,304,822

(Cost

$143,693,119)

185,108,120

Information

Technology

—

26.0%

Accenture

PLC,

Class

A

48,658

17,632,199

Adobe,

Inc.

*

34,239

17,664,927

Advanced

Micro

Devices,

Inc.

*

126,032

17,288,440

Akamai

Technologies,

Inc.

*

11,927

1,121,377

Analog

Devices,

Inc.

38,516

8,398,414

ANSYS,

Inc.

*

6,950

2,440,145

Apple,

Inc.

617,719

146,603,250

Aspen

Technology,

Inc.

*

2,051

512,750

Atlassian

Corp.,

Class

A

*

12,068

3,180,883

Autodesk,

Inc.

*

16,761

4,892,536

Bentley

Systems,

Inc.,

Class

B

12,007

594,346

Cadence

Design

Systems,

Inc.

*

21,138

6,485,350

Cisco

Systems,

Inc.

309,118

18,302,877

Cloudflare,

Inc.,

Class

A

*

22,944

2,290,499

Cognizant

Technology

Solutions

Corp.,

Class

A

37,828

3,044,776

Crowdstrike

Holdings,

Inc.,

Class

A

*

18,137

6,274,858

Dell

Technologies,

Inc.,

Class

C

24,728

3,155,046

EPAM

Systems,

Inc.

*

4,426

1,079,590

F5,

Inc.

*

4,472

1,119,565

First

Solar,

Inc.

*

7,794

1,553,110

Fortinet,

Inc.

*

49,461

4,701,268

Gartner,

Inc.

*

5,901

3,056,305

Gen

Digital,

Inc.

43,175

1,331,949

Number

of

Shares

Value

$

Hewlett

Packard

Enterprise

Co.

96,288

2,043,231

HubSpot,

Inc.

*

3,934

2,836,611

International

Business

Machines

Corp.

71,777

16,322,808

Intuit,

Inc.

21,805

13,992,923

Manhattan

Associates,

Inc.

*

4,652

1,327,867

Marvell

Technology,

Inc.

67,517

6,258,151

Microsoft

Corp.

327,067

138,499,792

NVIDIA

Corp.

950,666

131,429,574

Okta,

Inc.

*

12,029

932,969

Oracle

Corp.

129,519

23,940,292

Palantir

Technologies,

Inc.,

Class

A

*

158,552

10,635,668

Palo

Alto

Networks,

Inc.

*

25,390

9,846,750

PTC,

Inc.

*

8,977

1,795,939

QUALCOMM,

Inc.

86,659

13,738,051

Roper

Technologies,

Inc.

8,256

4,676,529

Salesforce,

Inc.

74,475

24,576,005

ServiceNow,

Inc.

*

16,081

16,876,045

Snowflake,

Inc.,

Class

A

*

22,865

3,996,802

Synopsys,

Inc.

*

11,952

6,675,072

Trimble,

Inc.

*

18,334

1,337,832

Twilio,

Inc.,

Class

A

*

11,934

1,247,580

Workday,

Inc.,

Class

A

*

16,100

4,024,839

Zscaler,

Inc.

*

6,917

1,428,983

(Cost

$518,671,049)

711,164,773

Materials

—

2.3%

Avery

Dennison

Corp.

6,203

1,277,508

Ball

Corp.

24,348

1,513,472

Corteva,

Inc.

52,930

3,294,363

CRH

PLC

50,632

5,178,135

Crown

Holdings,

Inc.

9,248

851,648

DuPont

de

Nemours,

Inc.

31,587

2,640,357

Ecolab,

Inc.

19,599

4,875,643

Freeport-McMoRan,

Inc.

109,447

4,837,558

Linde

PLC

35,350

16,295,997

Martin

Marietta

Materials,

Inc.

4,646

2,787,600

Newmont

Corp.

84,671

3,551,102

Nucor

Corp.

18,144

2,806,695

PPG

Industries,

Inc.

18,055

2,245,500

Sherwin-Williams

Co.

17,660

7,018,084

Smurfit

WestRock

PLC

38,368

2,111,007

Steel

Dynamics,

Inc.

10,405

1,511,534

(Cost

$53,924,652)

62,796,203

Real

Estate

—

2.4%

American

Tower

Corp.

REIT

34,670

7,246,030

AvalonBay

Communities,

Inc.

REIT

10,676

2,512,597

BXP,

Inc.

REIT

10,992

901,234

CBRE

Group,

Inc.,

Class

A

*

23,034

3,224,530

Crown

Castle,

Inc.

REIT

33,026

3,509,012

4

|

DBX

ETF

Trust

Schedule

of

Investments

Xtrackers

MSCI

USA

Climate

Action

Equity

ETF

(Continued)

November

30,

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

November

30,

2024

is

as

follows:

Number

of

Shares

Value

$

Digital

Realty

Trust,

Inc.

REIT

23,901

4,677,187

Equinix,

Inc.

REIT

7,056

6,925,323

Equity

Residential

REIT

25,721

1,971,772

Iron

Mountain,

Inc.

REIT

21,811

2,697,366

Kimco

Realty

Corp.

REIT

49,662

1,269,857

Prologis,

Inc.

REIT

68,741

8,027,574

Public

Storage

REIT

11,595

4,035,640

Realty

Income

Corp.

REIT

64,374

3,726,611

Regency

Centers

Corp.

REIT

13,056

986,903

Simon

Property

Group,

Inc.

REIT

23,992

4,404,931

VICI

Properties,

Inc.

REIT

78,333

2,554,439

Welltower,

Inc.

REIT

45,653

6,308,331

Zillow

Group,

Inc.,

Class

C

*

11,421

967,473

(Cost

$56,787,448)

65,946,810

Utilities

—

2.3%

Alliant

Energy

Corp.

19,505

1,232,716

American

Water

Works

Co.,

Inc.

14,950

2,047,253

Atmos

Energy

Corp.

11,627

1,759,398

Consolidated

Edison,

Inc.

26,751

2,690,883

Constellation

Energy

Corp.

23,315

5,981,696

Dominion

Energy,

Inc.

64,789

3,806,354

Duke

Energy

Corp.

58,814

6,884,179

Essential

Utilities,

Inc.

19,327

773,660

Eversource

Energy

27,074

1,746,002

Exelon

Corp.

76,944

3,043,905

NextEra

Energy,

Inc.

152,583

12,003,704

Number

of

Shares

Value

$

NiSource,

Inc.

29,918

1,139,577

Public

Service

Enterprise

Group,

Inc.

38,589

3,638,943

Sempra

48,651

4,557,139

Southern

Co.

80,194

7,147,691

Xcel

Energy,

Inc.

42,656

3,095,119

(Cost

$54,453,765)

61,548,219

TOTAL

COMMON

STOCKS

(Cost

$2,131,352,378)

2,721,614,658

SECURITIES

LENDING

COLLATERAL

—

0.0%

DWS

Government

&

Agency

Securities

Portfolio

“DWS

Government

Cash

Institutional

Shares",

4.53%

(b)(c)

(Cost

$154,850)

154,850

154,850

CASH

EQUIVALENTS

—

0.3%

DWS

Government

Money

Market

Series

"Institutional

Shares",

4.59%

(b)

(Cost

$8,354,979)

8,354,979

8,354,979

TOTAL

INVESTMENTS

—

99.9%

(Cost

$2,139,862,207)  

2,730,124,487

Other

assets

and

liabilities,

net

—

0.1%

3,403,269

NET

ASSETS

—

100.0%

2,733,527,756

 *

(a)

Value

($)

at

8/31/2024

Purchases

Cost

($)

Sales

Proceeds

($)

Net

Realized

Gain/(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Income

($)

Capital

Gain

Distributions

($)

Number

of

Shares

at

11/30/2024

Value

($)

at

11/30/2024

SECURITIES

LENDING

COLLATERAL

—

0.0%

DWS

Government

&

Agency

Securities

Portfolio

“DWS

Government

Cash

Institutional

Shares",

4.53% (b)(c)

—

154,850 (d)

—

—

—

44

—

154,850

154,850

CASH

EQUIVALENTS

—

0.3%

DWS

Government

Money

Market

Series

"Institutional

Shares",

4.59% (b)

3,995,298

12,584,216

(8,224,535)

—

—

78,704

—

8,354,979

8,354,979

3,995,298

12,739,066

(8,224,535)

—

—

78,748

—

8,509,829

8,509,829

*

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,

2024

amounted

to

$151,981,

which

is

0.0%

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,

2024.

DBX

ETF

Trust

|

5

Schedule

of

Investments

Xtrackers

MSCI

USA

Climate

Action

Equity

ETF

(Continued)

November

30,

2024

(Unaudited)

At

November

30,

2024,

open

futures

contracts

purchased

were

as

follows:

Currency

Abbreviations

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,

2024

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.

OBTAIN

A

FUND

PROSPECTUS

To

obtain

a

summary

prospectus,

or

prospectus,

download

one

from

www.Xtrackers.com,

talk

to

your

financial

representative

or

call

(844)

851-

4255.

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

USCA-PH1

R-089711-2

(5/25)

DBX006037

(5/25) 

REIT:

Real

Estate

Investment

Trust

Contract

Description

Currency

Number

of

Contracts

Notional

Amount

(

$

)

Contract

Value

(

$

)

Expiration

Date

Unrealized

Appreciation

(

$

)

†

E-Mini

S&P

500

ESG

Futures

USD

34

8,737,088

9,084,460

12/20/2024

347,372

S&P

Mid

400

E-Mini

Futures

USD

6

1,896,897

2,026,680

12/20/2024

129,783

Total

unrealized

appreciation

477,155

†

The

amount

represents

the

unrealized

appreciation

(depreciation)

of

the

Fund’s

derivative

instruments

subject

to

equity

contracts

risk

exposure

as

of

November

30,

2024.

USD

U.S.

Dollar

Assets

Level

1

Level

2

Level

3

Total

Common

Stocks

(a)

$

2,721,614,658

$

—

$

—

$

2,721,614,658

Short-Term

Investments

(a)

8,509,829

—

—

8,509,829

Derivatives

(b)

Futures

Contracts

477,155

—

—

477,155

TOTAL

$

2,730,601,642

$

—

$

—

$

2,730,601,642

(a)

See

Schedule

of

Investments

for

additional

detailed

categorizations.

(b)

Derivatives

include

unrealized

appreciation

(depreciation)

on

open

futures

contracts.