Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF

C000147848 Fund Overview

Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF is a US ETF managed by Dbx ETF Trust, categorised as Intermediate Treasury / Sovereign 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: Intermediate Treasury / Sovereign Bond
• Assets under management: $6.73M
• 1-year return: 8.8%
• SEC CIK: 0001503123
• SEC series ID: S000047172
• Share class ID: C000147848

C000147848 Investment Objective and Strategy

Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dbx ETF Trust.

Investment objective

Xtrackers Emerging Markets Bond – Interest Rate Hedged ETF (the “Fund”) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Emerging Markets 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 government debt issued by emerging market countries, and (b) short positions in U.S. Treasury notes or bonds of, in aggregate, approximate equivalent duration to the emerging markets sovereign debt. Duration is a measure that estimates the sensitivity of a bonds or notes 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 emerging markets sovereign 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 emerging markets sovereign debt, such as credit risk, which may have a greater impact than rising or falling interest rates. The Underlying Index consists of bonds issued by emerging markets sovereign and quasi-sovereign entities that (i) are denominated in U.S. dollars, (ii) have more than two years to maturity if already part of the Underlying Index or two and half years to maturity upon entering the Underlying Index, and (iii) have an outstanding float of at least $1 billion.

The eligible countries are Argentina, Brazil, Chile, China, Colombia, Croatia, Ecuador, Egypt, El Salvador, Hungary, Indonesia, Kazakhstan, Liberia, Lithuania, Mexico, Panama, Peru, Philippines, Poland, Qatar, Romania, Russia, South Africa, Sri Lanka, Turkey, the United Arab Emirates, Uruguay and Venezuela; however, this universe of countries may change in accordance with the index providers determination of eligible emerging market countries and there is no assurance that a particular country will be represented in the Underlying Index at any given time. The bonds included in the Underlying Index may be rated below investment grade (commonly referred to as junk bonds, including those bonds rated lower than BBB- by Standard & Poors Ratings Services and Fitch, Inc. or Baa3 by Moodys Investors Services, Inc.).

The Underlying Index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a quarterly basis. As of July 31, 2018, the Underlying Index was comprised of 216 bonds issued by 27 different issuers. Relative to a long-only investment in the same emerging markets sovereign 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 emerging markets sovereign 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 emerging markets sovereign 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 emerging markets sovereign 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 exchange-traded funds (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. 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 normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes in U.S. dollar-denominated sovereign bonds issued by emerging market countries. In addition, the Fund will invest at least 80% of its total assets, but typically far more, in instruments that comprise the Underlying Index. 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.

C000147848 Holdings

Top 10 holdings of Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000147848 holdings

C000147848 Portfolio Allocation

Asset-class allocation of Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000147848 Performance

Total returns for C000147848 (as of 2026-10-01), from SEC filings.

C000147848 Risk Information

Risk metrics for C000147848, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.3%

C000147848 Costs and Fees

C000147848 costs about $35 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.35%
• Gross expense ratio: 0.35%
• Portfolio turnover: 20%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000147848 Cashflows

Over the 12 months to 2024-02, Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF had net inflows of $11.70M, from monthly SEC N-PORT filings.

C000147848 Debt Constituents

Largest debt holdings of Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000147848 Prospectus and SEC Filings

Official Xtrackers J.P. Morgan ESG Emerging Markets Sovereign 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 Intermediate Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Bond Index Fund (VBIIX)
• Vanguard Intermediate-Term Treasury Index Fund (VSIGX)
• iShares U.S. Treasury Bond ETF (GOVT)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX)

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.