Xtrackers MSCI Germany Hedged Equity ETF
Data updated: 2024-04-26
C000096057 — Xtrackers MSCI Germany Hedged Equity ETF. Europe Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000096057 Fund Overview
Xtrackers MSCI Germany Hedged Equity ETF is a US ETF managed by Dbx ETF Trust, categorised as Europe Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Dbx ETF Trust
- Category: Europe Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $8.46M
- 1-year return: 15.2%
- SEC CIK: 0001503123
- SEC series ID: S000031001
- Share class ID: C000096057
C000096057 Investment Objective and Strategy
Xtrackers MSCI Germany Hedged Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dbx ETF Trust.
Investment objective
The Xtrackers MSCI Germany Hedged Equity ETF (the “Fund”) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Germany US Dollar Hedged Index (the “Underlying Index”).
Principal investment strategy
The Fund, using a passive or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Underlying Index, which is designed to track the performance of the German equity market while mitigating exposure to fluctuations between the value of the U.S. dollar and the euro. The Fund uses a representative sampling indexing strategy in seeking to track the Underlying 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 Underlying Index as a whole. The Fund will invest at least 80% of its total assets (but typically far more) in component securities (including depositary receipts in respect of such securities) of the Underlying Index.
As of July 31, 2018, the Underlying Index consisted of 67 securities, with an average market capitalization of approximately $21.25 billion and a minimum market capitalization of approximately $2.23 billion. The Fund enters into forward currency contracts designed to offset the Funds exposure to the euro. The Fund hedges the euro to the U.S. dollar by selling euro currency forwards at the one-month forward rate published by WM/Reuters. The amount of forward contracts in the Fund is based on the aggregate exposure of the Fund and Underlying Index to the euro based on currency weights as of the beginning of each month. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, this does not necessarily eliminate exposure to all currency fluctuations. The return of the forward currency contracts may not perfectly offset the actual fluctuations of the euro relative to the U.S.
dollar. The Fund may use non-deliverable forward (NDF) contracts to execute its hedging transactions. An NDF is a contract where there is no physical settlement of two currencies at maturity (as opposed to deliverable forward contracts, which per their terms are settled by physical delivery of the currencies). Rather, based on the movement of the currencies and the contractually agreed upon exchange rate, a net cash settlement is made by one party to the other in U.S. dollars. The Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of German issuers and in instruments designed to hedge against the Funds exposure to the euro. As of July 31, 2018, the Underlying Index was solely comprised of securities of issuers from Germany.
The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent that its Underlying Index is concentrated. As of July 31, 2018, a significant percentage of the Underlying Index was comprised of issuers in the consumer discretionary sector (17.4%).
C000096057 Holdings
Top 10 holdings of Xtrackers MSCI Germany Hedged Equity ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Sap SE | 13.27% |
| Siemens AG | 10.21% |
| Allianz SE | 7.33% |
| Deutsche Telekom AG | 5.24% |
| Mercedes-Benz Group AG | 4.34% |
| Munich Re | 4.32% |
| Infineon Technologies AG | 3.17% |
| Deutsche Post AG | 3.12% |
| Basf SE | 3.09% |
| Deutsche Boerse AG | 2.70% |
C000096057 Portfolio Allocation
Asset-class allocation of Xtrackers MSCI Germany Hedged Equity ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Derivatives | 0.8% |
| Cash & Equivalents | 0.2% |
C000096057 Performance
Total returns for C000096057 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 15.2% |
| 3 years (annualised) | 7.4% |
C000096057 Risk Information
Risk metrics for C000096057, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.0%
C000096057 Costs and Fees
C000096057 costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 20%
- Brokerage commissions: 0.29 bps of average net assets (SEC N-CEN)
C000096057 Cashflows
Over the 12 months to 2024-02, Xtrackers MSCI Germany Hedged Equity ETF had net inflows of $1.62M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $1.62M |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
| 2023-09 | $0 |
C000096057 Debt Constituents
No individual debt constituents are reported in Xtrackers MSCI Germany Hedged Equity ETF's latest SEC N-PORT filing.
C000096057 Prospectus and SEC Filings
Official Xtrackers MSCI Germany Hedged Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-09-27
- Prospectus (485BPOS) — filed 2022-09-27
- Prospectus (485BPOS) — filed 2021-09-27
- Portfolio holdings (N-PORT) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2023-10-26
- Annual census (N-CEN) — filed 2023-08-14
- Annual census (N-CEN) — filed 2022-08-10
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.