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Deutsche Asset Management Lowers Expense Ratio for HYLB

NEW YORK--(BUSINESS WIRE)--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 market: