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

ETF
ESHY
Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
High Yield Bond
ESHY (ETF)

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

Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
High Yield Bond
ESHY (ETF)

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

Payout Change
Pending
Price as of:
$17.65 -0.05 -0.28%
primary theme
High Yield Bond

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

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

ESHY | ETF

$17.65

$22 M

6.25%

$1.10

0.20%

Vitals

YTD Return

0.7%

1 yr return

-4.9%

3 Yr Avg Return

8.0%

5 Yr Avg Return

0.9%

Net Assets

$22 M

Holdings in Top 10

5.8%

52 WEEK LOW AND HIGH

$17.7
$17.25
$20.01

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

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

ESHY | ETF

$17.65

$22 M

6.25%

$1.10

0.20%

ESHY - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.94%
DIVIDENDS
  • Dividend Yield 6.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF
  • Fund Family Name
    Xtrackers
  • Inception Date
    Mar 03, 2015
  • Shares Outstanding
    1150001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bryan Richards

Fund Description

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 applies environmental, social and governance (“ESG”) considerations to a broader parent index. The Underlying Index generally aims to keep the broad characteristics of its parent index, the J.P. Morgan DM High Yield USD Index (a USD denominated high yield corporate bond index of developed market issuers), resulting in a broad high yield fixed income market exposure with ESG aspects.The Underlying Index uses the J.P. Morgan DM High Yield USD Index as its parent index before implementing ESG considerations. Each issuer within the parent index is given an ESG score and assigned to a quintile based on that score. All issuers within the lowest quintile are removed from consideration for the Underlying Index, and the remainder are either weighted up or down based on which quintile they were scored in, with the best performers being weighted more heavily, and the remaining lower scoring issuers being weighted more lightly.The Index Provider obtains ESG factor valuations for each issuer in the parent index from RepRisk and Sustainalytics, which are investment research providers dedicated to responsible investing and ESG research. These ESG factor valuations are obtained from each provider and translated by the Index Provider to a range of 0 – 100, with 100 being the best possible score. The Index Provider’s finalized ESG score for each issuer incorporates a 3-month rolling average of the scores from each individual provider. The Index Provider calculates ESG scores daily.In addition, if an instrument is categorized as “green” by the Climate Bond Initiative (“CBI”) under the criteria used by the CBI to certify bonds as being closely linked with green and climate friendly assets or projects, the security will be upgraded one quintile from the quintile to which it originally was assigned. Issuers involved in thermal coal, tobacco, weapons, oil sands or UN Global Compact principle violation are excluded from the index regardless of their ESG score.The Underlying Index consists of fixed rate bonds, floating rate bonds, hybrid bonds, step-up bonds (securities that pay an initial interest rate but also have a feature where the rate increases at periodic intervals), payment-in-kind (“PIK”) bonds, toggle bonds (PIK bonds where the issuer has an option to defer an interest payment by paying an increased coupon in the future), amortizer bonds (bonds where the principal on the debt is paid down regularly), perpetual bonds (a bond with no maturity date), Sukuk bonds (Islamic financial certificates) and all subordinated financial bonds excluding AT1 bonds (a category of bonds issued by banks designed to absorb losses if the bank’s equity capital dips below a certain threshold), structured bonds, credit enhanced bonds, and securities issued by sovereign and quasi-sovereign entities (bonds issued by entities wholly-owned or guaranteed by the government). Additional exclusions include bonds with less than two years to maturity to enter the Underlying Index, less than six full months to maturity if already part of the Underlying Index and have less than $250 million of minimum issue size. The Underlying Index only includes eligible bonds issued by countries in developed markets which currently are Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Luxembourg, Malta, Netherlands, Puerto Rico, Spain, Sweden, the United Kingdom, and the United States.Inclusion in the Underlying Index is limited to USD denominated high yield securities of developed market issuers. Credit rating will be determined based on the following rules: (i) the middle rating of the S&P Global Ratings (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) or Fitch Investors Services, Inc. (“Fitch”); (ii) the lower rating when two ratings are available; and (iii) the sole rating when only one rating is provided. Under normal circumstances, the Underlying Index is rebalanced on a monthly basis. The fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the fund’s rebalance schedule.As of July 31, 2022, the Underlying Index was comprised of 1,914 bonds issued by 879 different issuers, with an average market capitalization of approximately $434 million (calculated based on number of bonds in Underlying Index) and a minimum market capitalization of approximately $38 million (calculated based on number of bonds in Underlying Index). As of July 31, 2022, a significant percentage of the Underlying Index was comprised of securities of issuers from the United States (87.56%). 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 corporate bonds rated high yield by credit rating agencies (e.g., S&P rating below BBB-). 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. As of July 31, 2022, a significant percentage of the Underlying Index was comprised of issuers in the communication services (16.562%) and consumer discretionary (15.68%) sectors. The communication servicessector includes companies that facilitate communication and offer related content and information through various mediums. It includes telecom and media and entertainment companies including producers of interactive gaming products and companies engaged in content and information creation or distribution through proprietary platforms. The consumer discretionarygoods sectorincludes durable goods, apparel, entertainment and leisure, and automobiles. To the extent that the fund tracks the Underlying Index, the fund’s investment in certain sectors or countries may change over time.The fund is not sponsored, endorsed, or promoted by J.P. Morgan Chase & Co., and J.P. Morgan Chase & Co. bears no liability with respect to any index on which the fund is based.Securities lending. The fund may lend its portfolio securities to brokers, dealers and other financial institutions desiring to borrow securities to complete transactions and for other purposes. In connection with such loans, the fund receives liquid collateral equal to at least 102% of the value of the portfolio securities being lent. This collateral is marked to market on a daily basis. The fund may lend its portfolio securities in an amount up to 33 1/3% of its total assets.
Read More

ESHY - Performance

Return Ranking - Trailing

Period ESHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -39.9% 6.2% 33.20%
1 Yr -4.9% -22.1% 21.3% 9.19%
3 Yr 8.0%* -14.2% 66.8% 8.25%
5 Yr 0.9%* -13.6% 37.2% 9.20%
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Return Ranking - Calendar

Period ESHY Return Category Return Low Category Return High Rank in Category (%)
2022 -10.4% -44.3% 3.7% 12.59%
2021 2.4% -56.9% 9.2% 5.55%
2020 0.5% -53.7% 70.9% 27.15%
2019 2.5% -33.7% 5.1% 8.89%
2018 -0.3% -9.4% 12.0% 3.50%

Total Return Ranking - Trailing

Period ESHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -39.9% 6.2% 34.15%
1 Yr -4.9% -22.1% 22.2% 9.55%
3 Yr 8.0%* -14.2% 66.8% 9.85%
5 Yr 0.9%* -13.6% 37.2% 11.94%
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Total Return Ranking - Calendar

Period ESHY Return Category Return Low Category Return High Rank in Category (%)
2022 -10.4% -44.3% 3.7% 12.59%
2021 2.4% -56.9% 9.2% 5.69%
2020 0.5% -53.7% 70.9% 27.15%
2019 2.5% -33.7% 5.1% 9.20%
2018 -0.3% -9.4% 12.0% 7.83%

ESHY - Holdings

Concentration Analysis

ESHY Category Low Category High ESHY % Rank
Net Assets 22 M 1.47 M 26.2 B 94.72%
Number of Holdings 898 2 2736 9.87%
Net Assets in Top 10 1.28 M -492 M 2.55 B 95.13%
Weighting of Top 10 5.82% 3.0% 100.0% 94.98%

Top 10 Holdings

  1. Ford Motor Credit Company LLC 2.98% 1.31%
  2. ALTICE FRANCE S.A 7.38% 1.26%
  3. International Game Technology PLC 6.5% 1.13%
  4. OCI Nv 6.62% 1.09%
  5. UPC Holding B.V. 5.5% 1.09%
  6. International Game Technology PLC 6.25% 1.06%
  7. ARD Finance S.A. 6.5% 1.05%
  8. Ford Motor Credit Company LLC 5.125% 0.91%
  9. Softbank Group Corp. 3.125% 0.84%
  10. Kraft Heinz Foods Company 4% 0.84%

Asset Allocation

Weighting Return Low Return High ESHY % Rank
Bonds 		97.31% 0.00% 154.38% 22.28%
Cash 		1.88% -52.00% 100.00% 67.11%
Convertible Bonds 		0.81% 0.00% 17.89% 62.37%
Stocks 		0.00% -0.60% 52.82% 86.37%
Preferred Stocks 		0.00% 0.00% 14.10% 76.45%
Other 		0.00% -63.70% 32.06% 69.08%

Bond Sector Breakdown

Weighting Return Low Return High ESHY % Rank
Corporate 		98.12% 0.00% 100.00% 17.39%
Cash & Equivalents 		1.88% 0.00% 99.98% 73.65%
Derivative 		0.00% 0.00% 45.95% 66.80%
Securitized 		0.00% 0.00% 97.24% 76.81%
Municipal 		0.00% 0.00% 1.17% 59.68%
Government 		0.00% 0.00% 99.07% 71.41%

Bond Geographic Breakdown

Weighting Return Low Return High ESHY % Rank
US 		84.52% 0.00% 150.64% 26.32%
Non US 		12.79% 0.00% 96.17% 48.55%

ESHY - Expenses

Operational Fees

ESHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.02% 3.87% 98.53%
Management Fee 0.20% 0.00% 1.84% 1.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ESHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ESHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ESHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 1.00% 327.00% 35.78%

ESHY - Distributions

Dividend Yield Analysis

ESHY Category Low Category High ESHY % Rank
Dividend Yield 6.25% 0.00% 39.36% 3.66%

Dividend Distribution Analysis

ESHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ESHY Category Low Category High ESHY % Rank
Net Income Ratio 5.94% -2.39% 14.30% 6.11%

Capital Gain Distribution Analysis

ESHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

ESHY - Fund Manager Analysis

Managers

Bryan Richards

Start Date

Tenure

Tenure Rank

Sep 13, 2016

5.72

5.7%

■ Joined DWS Group GmbH & Co. KGaA in 2011 with 11 years of industry experience. ■ Head of Passive Portfolio Management, Americas: New York. Bryan Richards is a Director with Deutsche Asset and Wealth Management and has served as a Portfolio Manager in the Passive Asset Management business since 2011. Mr. Richards began his career as an equity analyst at Fairhaven Capital LLC in Boston supporting two Portfolio Managers in a long-short equity strategy. Mr. Richards joined XShares Advisors, an ETF issuer, as a Vice President in 2007, providing analysis on index and fund construction as well as fund operations and performance before being promoted to Director of Fund Operations in 2009. Mr. Richards holds a BS Degree in Finance from Boston College and is a CFA Charterholder.

Alexander Bridgeforth

Start Date

Tenure

Tenure Rank

Sep 13, 2016

5.72

5.7%

Mr. Bridgeforth joined DWS in 2016. Mr. Bridgeforth is an Assistant Vice President with Deutsche Asset Management and has served as a Portfolio Manager in the Passive Asset Management business since 2016. Prior to his current role, Mr. Bridgeforth was an Associate Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM) where he co-managed Schwab’s taxable bond funds and the Schwab Fixed-Income ETFs. Prior to his Portfolio Manager role, Mr. Bridgeforth served as an Associate Trading Assistant in fixed income with CSIM. Mr. Bridgeforth earned a Bachelor of Science in Finance from the University of Arizona and has passed the first level of the CFA program.

Brandon Matsui

Start Date

Tenure

Tenure Rank

Sep 13, 2016

5.72

5.7%

■ Joined DWS Group GmbH & Co. KGaA in 2011 with 12 years of industry experience. ■ Fixed Income Portfolio Manager, Passive Asset Management: New York. Mr. Matsui is a Director with Deutsche Asset Management and has served as a Portfolio Manager in the Passive Asset Management business since 2016. Prior to joining the Passive Asset Management business, Mr. Matsui served as a Managing Director and Portfolio Manager for Charles Schwab Investment Management, Inc. (CSIM) where he was responsible for the day-to-day co-management of Schwab’s taxable bond funds and the Schwab Fixed-Income ETFs. Before joining CSIM in 2010, Mr. Matsui was an associate Portfolio Manager on the Beta Management team at BNY Mellon and an analyst in the portfolio analytics group at BlackRock Solutions. Mr. Matsui earned an MBA from the University of Hawaii, with an emphasis in Finance and a minor in Japanese. He is a CFA Charterholder and has earned the Financial Risk Manager (FRM) certification. ■ BS in History, University of California, Irvine

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.07 2.92

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