USSG Xtrackers MSCI USA Esg Leaders Equity ETF

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUS

Xtrackers MSCI Kokusai Equity ETF (KOKU)

The following disclosure supplements, and is added after, the table in the “Transaction Fees” sub-section of the “Investing in the Fund” section in the fund’s prospectus:

For the period April 7, 2020 through May 31, 2020, the standard and maximum transaction fees for the creation or redemption of a Creation Unit of the fund is paid by the fund’s Advisor. As such, the standard and maximum transaction fees for the creation or redemption of a Creation Unit of the fund is reduced from $4,200 to $0. Effective June 1, 2020, a portion of the standard and maximum transaction fees for the creation or redemption of a Creation Unit of the fund will be paid by the fund’s Advisor. As such, the standard and maximum transaction fees for the creation or redemption of a Creation Unit of the fund will be reduced from $4,200 to $1,000. The Advisor reserves the right to amend or discontinue these subsidies upon further supplement to the fund’s prospectus.

Please Retain This Supplement for Future Reference

May 1, 2020

PROSTKR20-22