Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF

C000147845 Fund Overview

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF is a US ETF managed by Dbx ETF Trust, categorised as Short Corporate Bond. 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: Short Corporate Bond
• Assets under management: $6.49M
• 1-year return: 10.8%
• SEC CIK: 0001503123
• SEC series ID: S000047169
• Share class ID: C000147845

C000147845 Investment Objective and Strategy

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dbx ETF Trust.

Investment objective

Xtrackers High Yield Corporate Bond – Interest Rate Hedged ETF (the “Fund”) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive High Yield Corporate Bond – Interest Rate 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 comprised of (a) long positions in U.S. dollar-denominated high yield corporate bonds and (b) short positions in U.S. Treasury notes or bonds (Treasury Securities) of, in aggregate, approximate equivalent duration to the high yield bonds. Duration is a measure that estimates the sensitivity of a bonds price relative to interest rate changes. Duration is often expressed as a period of time, and considers the timing and pattern of interest and principal payments. Generally, a lower duration indicates a lower sensitivity to changes in interest rates, and a higher duration indicates a higher sensitivity to changes in interest rates.

By taking these short positions, the Underlying Index seeks to mitigate the potential negative impact of rising Treasury interest rates (interest rates) on the performance of high yield bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates. The long high yield bond positions included in the Underlying Index are designed to represent a more liquid selection of bonds than the universe of high-yield bonds in the United States not included in the Underlying Index. Currently, the bonds eligible for inclusion in the Underlying Index include U.S. dollar-denominated high yield corporate bonds that: (i) are issued by companies domiciled in countries classified as developed markets by the index provider; (ii) rated as sub-investment-grade by at least one of these two rating agencies: Moodys Investors Services (Moodys) and Standard & Poors Ratings Services, when available; (iii) are from issuers with at least $1 billion outstanding face value; (iv) have at least $400 million of outstanding face value; (v) have an original maturity date at most 15 years; and (vi) have at least one year to maturity.

The Underlying Index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis. Currently, the Fund achieves its investment objective by investing a substantial portion of its assets in the Underlying Funds. The Adviser expects to obtain exposure to the high yield bond positions of the Underlying Index indirectly by investing in one or more Underlying Funds, which are advised by the Adviser, that invest in high yield bond positions directly. Currently, the Adviser expects to invest the Funds assets in the following Underlying Funds: The Xtrackers High Beta High Yield Bond ETF, which seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market High Beta Index; the Xtrackers Low Beta High Yield Bond ETF, which seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Low Beta Index; the Xtrackers Short Duration High Yield Bond ETF, which seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market 0-5 Year Index; and the Xtrackers USD High Yield Corporate Bond ETF, which seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Index.

As of July 31, 2018, the Underlying Index was comprised of 1,063 bonds issued by 414 different issuers. Relative to a long-only investment in the same high yield bonds, the Underlying Index, and thus the Fund, should outperform in a rising interest rate environment and underperform in a falling or static interest rate environment. Performance of the Underlying Index, and thus the Fund, could be particularly poor in risk-averse, flight-to quality environments when it is common for high yield bonds to decline in value and for interest rates to fall. In addition, the performance of the Underlying Index, and by extension the Fund, depends on many factors beyond rising or falling interest rates, such as the perceived level of credit risk in the high yield bond positions. These factors may be as or more important to the performance of the Underlying Index, and thus the Fund, than the impact of interest rates.

As such, there is no guarantee that the Underlying Index, and accordingly, the Fund, will have positive performance even in environments of sharply rising interest rates. The Underlying Index, and thus the Fund, may be more volatile than a long-only position in the same high yield bonds. The Fund will invest in derivatives, which are financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds or funds (including ETFs), interest rates or indexes. The Fund primarily invests in derivatives as a substitute for obtaining short exposure in Treasury Securities. These derivatives principally include futures contracts, which are standardized contracts traded on, or subject to the rules of, an exchange that call for the future delivery of a specified quantity and type of asset at a specified time and place or, alternatively, may call for cash settlement.

The Fund will use futures contracts to obtain short exposure to Treasury Securities. Each Underlying Fund uses a representative sampling indexing strategy in seeking to track its respective underlying index, meaning each Underlying Fund generally will invest in a sample of securities in its underlying index whose risk, return and other characteristics resemble the risk, return and other characteristics of the underlying index as a whole. The Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in high yield corporate bonds (including through indirect investments in the Underlying Funds and any other ETF the Adviser may deem appropriate for achieving the Funds investment objective). In addition, the Fund will invest at least 80% of its total assets, but typically far more, in instruments that comprise the Underlying Index by indirect investments through the Underlying Funds.

The Fund will, indirectly through its investment in the Underlying Funds, 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 staples (17.8%) sector.

C000147845 Holdings

Top 10 holdings of Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000147845 holdings

C000147845 Portfolio Allocation

Asset-class allocation of Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000147845 Performance

Total returns for C000147845 (as of 2026-10-01), from SEC filings.

C000147845 Risk Information

Risk metrics for C000147845, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 6.2%

C000147845 Costs and Fees

C000147845 costs about $20 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.20%
• Gross expense ratio: 0.20%
• Portfolio turnover: 29%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000147845 Cashflows

Over the 12 months to 2024-02, Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF had net inflows of $9.03M, from monthly SEC N-PORT filings.

C000147845 Debt Constituents

Largest debt holdings of Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000147845 Prospectus and SEC Filings

Official Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond 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

Related Funds

Other Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

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.