# EDGAR Filing Document

**Accession Number:** 0001503123
**File Stem:** 0000940400-26-002656
**Filing Date:** 2026-1
**Character Count:** 32288
**Document Hash:** 69982308038c7a21f06737df2b5fd8b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002656.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002656

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DBX ETF TRUST
- **CENTRAL INDEX KEY:** 0001503123

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22487
- **FILM NUMBER:** 26565128

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DBX ETF Trust
- **DATE OF NAME CHANGE:** 20101008

## Series and Classes Contracts Data

### Xtrackers RREEF Global Natural Resources ETF (Series ID: S000083869)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000247939 | Xtrackers RREEF Global Natural Resources ETF | NRES            |

## Nport-Ex

DBX

ETF

Trust

\|

#### 1
Schedule

of

Investments

Xtrackers

RREEF

Global

Natural

Resources

ETF

November

30,

2025

(Unaudited)

#### Number

#### of

#### Shares

#### Value

#### $

#### COMMON

#### STOCKS

#### —

#### 98.8%

#### Australia

#### —

#### 0.4%
Woodside

Energy

Group

Ltd.

(Cost

$135,740)

7,713

#### 126,101

#### Brazil

#### —

#### 7.5%
JBS

NV,

Class

A

\*

44,139

648,402

Suzano

SA,

ADR

84,501

756,284

Vale

SA

65,558

826,959

Vale

SA,

ADR

24,361

307,192

(Cost

$2,326,164)

#### 2,538,837

#### Canada

#### —

#### 17.5%
Capstone

Copper

Corp.

\*

36,196

322,221

Cenovus

Energy,

Inc.

36,647

655,364

Franco-Nevada

Corp.

4,050

848,755

Ivanhoe

Mines

Ltd.,

Class

A

\*

70,843

742,961

Kinross

Gold

Corp.

24,603

695,001

Nexgen

Energy

Ltd.

\*

37,427

333,448

Nutrien

Ltd.

22,681

1,322,740

Suncor

Energy,

Inc.

13,750

619,813

Teck

Resources

Ltd.,

Class

B

9,019

384,879

(Cost

$5,019,233)

#### 5,925,182

#### Finland

#### —

#### 4.0%
Stora

Enso

OYJ,

Class

R

61,664

724,945

UPM-Kymmene

OYJ

22,724

620,014

(Cost

$1,435,089)

#### 1,344,959

#### France

#### —

#### 2.8%
TotalEnergies

SE

(Cost

$940,254)

14,458

#### 953,061

#### India

#### —

#### 3.0%
Reliance

Industries

Ltd.,

GDR,

144A

(Cost

$987,637)

14,284

#### 1,008,450

#### Ireland

#### —

#### 2.5%
Smurfit

WestRock

PLC

(Cost

$1,078,501)

23,753

#### 847,745

#### Norway

#### —

#### 2.0%
Norsk

Hydro

ASA

(Cost

$629,982)

95,423

#### 682,995

#### South

#### Africa

#### —

#### 3.8%
Gold

Fields

Ltd.,

ADR

21,225

910,340

Gold

Fields

Ltd.

8,844

371,203

(Cost

$591,677)

#### 1,281,543

#### Spain

#### —

#### 0.7%
Repsol

SA

(Cost

$207,721)

12,112

#### 224,624

#### Switzerland

#### —

#### 3.6%
Amcor

PLC

68,264

581,609

#### Number

#### of

#### Shares

#### Value

#### $
Glencore

PLC

\*

136,356

651,864

(Cost

$1,281,299)

#### 1,233,473

#### United

#### Kingdom

#### —

#### 15.0%
Anglogold

Ashanti

PLC

11,965

1,025,161

BP

PLC

136,709

822,736

Rio

Tinto

PLC

16,032

1,151,763

Shell

PLC

55,886

2,061,154

(Cost

$4,106,979)

#### 5,060,814

#### United

#### States

#### —

#### 36.0%
Alcoa

Corp.

6,455

269,432

Archer-Daniels-Midland

Co.

1,488

90,381

Avery

Dennison

Corp.

3,785

652,420

Baker

Hughes

Co.

6,713

336,993

Ball

Corp.

3,669

181,725

Bunge

Global

SA

7,156

687,477

CF

Industries

Holdings,

Inc.

4,921

387,283

Chevron

Corp.

9,055

1,368,482

Commercial

Metals

Co.

7,529

480,200

ConocoPhillips

2,074

183,943

Corteva,

Inc.

12,614

851,067

Darling

Ingredients,

Inc.

\*

13,906

509,099

Diamondback

Energy,

Inc.

913

139,315

Expand

Energy

Corp.

5,763

702,683

Exxon

Mobil

Corp.

7,191

833,581

Freeport-McMoRan,

Inc.

7,575

325,573

HF

Sinclair

Corp.

7,809

413,174

Ingredion,

Inc.

865

93,022

Newmont

Corp.

17,577

1,594,761

Occidental

Petroleum

Corp.

4,176

175,392

Sealed

Air

Corp.

2,658

114,161

Silgan

Holdings,

Inc.

5,606

222,222

Solaris

Energy

Infrastructure,

Inc.

1,890

90,512

Steel

Dynamics,

Inc.

7,104

1,192,264

Valero

Energy

Corp.

83,784

Weyerhaeuser

Co.

REIT

9,640

214,104

(Cost

$10,564,922)

#### 12,193,050

#### TOTAL

#### COMMON

#### STOCKS
(Cost

$29,305,198)

#### 33,420,834

#### CASH

#### EQUIVALENTS

#### —

#### 0.2%
DWS

Government

Money

Market

Series

"Institutional

Shares",

3.94%

(a) (Cost

$66,643)

66,643

#### 66,643

#### TOTAL

#### INVESTMENTS

#### —

#### 99.0%
(Cost

$29,371,841)

#### 33,487,477

#### Other

#### assets

#### and

#### liabilities,

#### net

#### —

#### 1.0%

#### 336,237

#### NET

#### ASSETS

#### —

#### 100.0%

#### 33,823,714

#### 2
\|

DBX

ETF

Trust

Schedule

of

Investments

Xtrackers

RREEF

Global

Natural

Resources

ETF

(Continued)

November

30,

2025

(Unaudited)

Securities

are

listed

in

country

of domicile.

At

November

30,

2025 the

Xtrackers

RREEF

Global

Natural

Resources

ETF had

the

following

sector

diversification:

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,

2025

is

as

follows:

#### Value

#### ($)

#### at

#### 8/31/2025

#### Purchases

#### Cost

#### ($)

#### Sales

#### Proceeds

#### ($)

#### Net

#### Realized

#### Gain/(Loss)

#### ($)

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### ($)

#### Income

#### ($)

#### Capital

#### Gain

#### Distributions

#### ($)

#### Number

#### of

#### Shares

#### at

#### 11/30/2025

#### Value

#### ($)

#### at

#### 11/30/2025
SECURITIES

LENDING

COLLATERAL

#### —
0.0%

DWS

Government

&

Agency

Securities

Portfolio

"DWS

Government

Cash

Institutional

Shares",

3.91%

(a)(b) —

—

—

—

—

1,124

—

—

—

CASH

EQUIVALENTS

0.2%

DWS

Government

Money

Market

Series

"Institutional

Shares",

3.94%

(a) 19,357

2,478,723

(2,431,437)

—

—

1,447

—

66,643

66,643

#### 19,357

#### 2,478,723

#### (2,431,437)

#### —

#### 2,571

#### —

#### 66,643
\*

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.

(b) Represents

collateral

held

in

connection

with

securities

lending.

Income

earned

by

the

Fund

is

net

of

borrower

rebates.

ADR:

American

Depositary

Receipt

GDR:

Global

Depositary

Receipt

REIT:

Real

Estate

Investment

Trust

144A:

Security

exempt

from

registration

under

Rule

144A

under

the

Securities

Act

of

1933. These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

#### Sector

#### Diversification

#### Market

#### Value

#### $

#### As

#### a

#### %

#### of

#### Total

#### Investments

#### excluding

#### Cash

#### Equivalents
Metals

&

Mining

12,783,525

.1

Oil,

Gas

&

Consumable

Fuels

10,705,103

.0

Containers

&

Packaging

2,599,883

.8

Chemicals

2,561,090

.7

Paper

&

Forest

Products

2,101,243

.4

Food

Products

2,028,381

.1

Energy

Equipment

&

Services

427,505

.3

Specialized

REITs

214,104

.6

#### Total

#### 33,420,834

#### 100

#### .0
DBX

ETF

Trust

\|

#### 3
Schedule

of

Investments

Xtrackers

RREEF

Global

Natural

Resources

ETF

(Continued)

November

30,

2025

(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

includes

quoted

prices

in

active

markets

for

identical

securities.

Level

includes

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds

and

credit

risk).

Level

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,

2025

in

valuing

the

Fund's

investments.

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.

NRES-PH1

#### Assets

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total
Common

Stocks

(a) $

33,420,834

$

—

$

—

$

33,420,834

Short-Term

Investments

(a) 66,643

—

—

66,643

#### TOTAL

#### $

#### 33,487,477

#### $

#### —

#### $

#### —

#### $

#### 33,487,477
(a) See

Schedule

of

Investments

for

additional

detailed

categorizations.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DBX ETF Trust

- **b. Investment Company Act file number:** 811-22487

- **c. CIK number of Registrant:** 0001503123

- **d. LEI of Registrant:** DNLQXYGHEZ10Q9SIK386

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Xtrackers RREEF Global Natural Resources ETF

- **b. EDGAR series identifier (if any):** S000083869

- **c. LEI of Series:** 529900FTFUUP6MXH3A36

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34413996.13

**Total Liabilities:** $590281.95

**Net Assets:** $33823714.18

**Cash Not Reported:** $37309.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247939 | 2.69%                | 0.00%                | 4.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $234194.26               | $552568.37                                 |
| Month 2  | $-39343.74               | $8680.90                                   |
| Month 3  | $-281625.80              | $1765029.77                                |

### Schedule of Portfolio Investments

| Name                                                    | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ConocoPhillips                                          | ConocoPhillips                                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2074 | NS      | $183943.06    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                      | Cenovus Energy Inc                                      | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     36647 | NS      | $655363.66    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                           | Ingredion Inc                                           | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |       865 | NS      | $93022.10     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                               | Ball Corp                                               | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      3669 | NS      | $181725.57    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                            | Glencore PLC                                            | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    136356 | NS      | $651863.91    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                       | Ivanhoe Mines Ltd                                       | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     70843 | NS      | $742960.91    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                               | Archer-Daniels-Midland Co                               | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      1488 | NS      | $90381.12     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                               | Amcor PLC                                               | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | CH        |     68264 | NS      | $581609.28    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                         | Gold Fields Ltd                                         | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      8844 | NS      | $371202.73    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                              | Alcoa Corp                                              | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      6455 | NS      | $269431.70    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                                          | Stora Enso Oyj                                          | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     61664 | NS      | $724945.25    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                         | Sealed Air Corp                                         | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      2658 | NS      | $114161.10    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                    | Capstone Copper Corp                                    | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     36196 | NS      | $322221.13    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                              | CF Industries Holdings Inc                              | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      4921 | NS      | $387282.70    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                         | Gold Fields Ltd                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     21225 | NS      | $910340.25    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                      | Teck Resources Ltd                                      | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |      9019 | NS      | $384878.81    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                           | Rio Tinto PLC                                           | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     16032 | NS      | $1151763.66   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                             | Nutrien Ltd                                             | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     22681 | NS      | $1322739.72   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                         | Baker Hughes Co                                         | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6713 | NS      | $336992.60    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                                 | Darling Ingredients Inc                                 | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     13906 | NS      | $509098.66    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                       | Suncor Energy Inc                                       | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     13750 | NS      | $619812.78    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                 | Vale SA                                                 | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     65558 | NS      | $826959.35    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                            | Newmont Corp                                            | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     17577 | NS      | $1594761.21   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                                         | Norsk Hydro ASA                                         | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     95423 | NS      | $682994.81    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                                     | Silgan Holdings Inc                                     | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      5606 | NS      | $222221.84    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                                    | Smurfit WestRock PLC                                    | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |     23753 | NS      | $847744.57    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                         | Bunge Global SA                                         | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | US        |      7156 | NS      | $687476.92    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                      | Valero Energy Corp                                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       474 | NS      | $83784.24     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     66643 | NS      | $66642.55     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                               | Occidental Petroleum Corp                               | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      4176 | NS      | $175392.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                                 | Reliance Industries Ltd                                 | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     14284 | NS      | $1008450.40   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                        | TotalEnergies SE                                        | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     14458 | NS      | $953060.84    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                                               | Suzano SA                                               | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     84501 | NS      | $756283.95    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                 | Vale SA                                                 | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     24361 | NS      | $307192.21    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                       | Kinross Gold Corp                                       | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     24603 | NS      | $695001.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                      | Expand Energy Corp                                      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      5763 | NS      | $702682.59    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                                  | JBS NV                                                  | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | BR        |     44139 | NS      | $648401.91    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure                           | Solaris Energy Infrastructure Inc                       | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |      1890 | NS      | $90512.10     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                                      | Franco-Nevada Corp                                      | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      4050 | NS      | $848755.42    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                                         | UPM-Kymmene Oyj                                         | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     22724 | NS      | $620013.97    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                  | BP PLC                                                  | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    136709 | NS      | $822735.80    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                             | Corteva Inc                                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     12614 | NS      | $851066.58    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                   | Anglogold Ashanti Plc                                   | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     11965 | NS      | $1025161.20   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                     | Avery Dennison Corp                                     | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      3785 | NS      | $652420.45    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                      | Steel Dynamics Inc                                      | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      7104 | NS      | $1192264.32   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                        | Exxon Mobil Corp                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      7191 | NS      | $833580.72    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                    | Commercial Metals Co                                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      7529 | NS      | $480199.62    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                               | Woodside Energy Group Ltd                               | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |      7713 | NS      | $126100.57    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                    | Freeport-McMoRan Inc                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      7575 | NS      | $325573.50    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                         | Weyerhaeuser Co                                         | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |      9640 | NS      | $214104.40    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                               | Shell PLC                                               | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     55886 | NS      | $2061153.84   | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NexGen Energy Ltd                                       | NexGen Energy Ltd                                       | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     37427 | NS      | $333448.11    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                               | Repsol SA                                               | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     12112 | NS      | $224624.28    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                                        | HF Sinclair Corp                                        | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      7809 | NS      | $413174.19    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                            | Chevron Corp                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9055 | NS      | $1368482.15   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                  | Diamondback Energy Inc                                  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       913 | NS      | $139314.67    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** DBX ETF Trust

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer