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Security Profile
- Security Type
- Index ETF
- CUSIP
- 233051283
- Market Cap
- Micro Cap · $15 Million
- IPO
- 1/10/2018
Fund Description: Xtrackers Short Duration High Yield Bond ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the DBX ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Xtrackers Short Duration High Yield Bond ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Solactive USD High Yield Corporates Total Market 0-5 Year Index. INDEX DESCRIPTION: The Solactive USD High Yield Corporates Total Market 0-5 Year Index is market capitalization weighted and the percentage weight of any issuer is capped at 3%. The bonds eligible for inclusion in the Underlying Index must: (i) have a composite rating from Moodys, S&P or Fitch) as sub-investment grade; (ii) be from issuers with at least $1 billion outstanding face value; (iii) have at least $400 million of outstanding face value; (iv) have an original maturity date at most 15 years; and (v) have less than or equal to five years to maturity. The Index is reconstituted and rebalanced on a monthly basis and the Fund rebalances and reconstitutes its portfolio in corresponding fashion. FUND STRATEGY: The Fund, using a passive or indexing investment approach, seeks investment results that correspond generally to the performance of the Index, which is designed to track the performance of short-term publicly issued U.S. dollar-denominated below investment grade corporate debt. The Fund uses a representative sampling indexing strategy in seeking to track the Index, meaning it generally will invest in a sample of securities in the index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. The Fund will invest at least 80% of its total assets (but typically far more) in component securities of the Index. The Fund is classified as non-diversified. FUND MANAGEMENT: DBX Advisors LLC serves as the investment adviser to the Fund.
Company Contact
- Headquarters
- 60 Wall Street, New York, NY 10005
- Phone
- 212-250-5883 · Toll-Free 844-851-4255
- Investor Relations
- 844-851-4255 · dbxquestions@list.db.com