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Xtrackers Low Beta High Yield Bond ETF
ETF
HYDW
Payout Change
Pending
Price as of:
$45.1694
+0.05
+0.12%
primary theme
High Yield Bond
HYDW (ETF)
Xtrackers Low Beta High Yield Bond ETF
Payout Change
Pending
Price as of:
$45.1694
+0.05
+0.12%
primary theme
High Yield Bond
HYDW (ETF)
Xtrackers Low Beta High Yield Bond ETF
Payout Change
Pending
Price as of:
$45.1694
+0.05
+0.12%
primary theme
High Yield Bond
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.8%
1 yr return
4.9%
3 Yr Avg Return
0.9%
5 Yr Avg Return
2.7%
Net Assets
$217 M
Holdings in Top 10
9.4%
52 WEEK LOW AND HIGH
$45.1
$43.23
$46.39
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 88.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HYDW - Profile
Distributions
- YTD Total Return -0.8%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.89%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameXtrackers Low Beta High Yield Bond ETF
-
Fund Family NameXTRACKERS
-
Inception DateJan 11, 2018
-
Shares Outstanding25800001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Matsui
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 is comprised of US dollar-denominated high yield corporate bonds that potentially have lower beta to the overall high yield corporate bond market.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 of the Underlying Index.The Underlying Index is designed to track the performance of the segment of the US dollar-denominated high yield corporate bond market that exhibits lower overall beta to the broader high yield corporate fixed income market. Beta is a measure of a security’s price sensitivity (i.e., volatility); it reflects the rate of change in a security’s price that results from overall market movements. This is accomplished through reviewing the yields of all securities in the eligible universe on a sector basis. Lower yielding bonds tend to exhibit lower beta. If an individual security’s yield is lower than that of its sector’s median yield, it will be eligible for inclusion in the Underlying Index. Currently, the bonds included in the Underlying Index include US dollar-denominated high yield corporate bonds that: (i) have a composite rating calculated from available ratings among at least one of these three rating agencies: Moody’s®Investors Services (“Moody’s”), Standard & Poor’s® Financial Services, LLC (“S&P”) and Fitch, Inc. (“Fitch”) as sub-investment grade; (ii) are 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 at least one year to maturity (or at least 20 months to maturity for bonds newly added to the Underlying Index). In addition, the Underlying Index may include a substantial number of bonds offered pursuant to Rule 144A under the Securities Act of 1933, as amended (the “1933 Act”). Under normal circumstances, the Underlying Index is reconstituted and rebalanced on a monthly basis. The fund changesits portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s reconstitution and rebalance schedule will result in corresponding changes to the fund’s schedule of portfolio changes. The Underlying Index is market capitalization weighted and the percentage weight of any issuer is capped at 3%. The Underlying Index is sponsored by Solactive AG (“Solactive” or “Index Provider”), which is not affiliated with or sponsored by the fund or the Advisor.As of October 31, 2023, the Underlying Index was comprised of 531 bonds issued by 240 different issuers with an average amount outstanding of approximately $870 million and a minimum amount outstanding of approximately $300 million, from issuers in the following countries (as indicated by country of domicile): Australia, Bermuda, Canada, CaymanIslands, Ireland, JerseyChannelIslands, Luxembourg, the Netherlands, the United Kingdom,the United States and Uruguay.As of October 31, 2023, a significant percentage of the Underlying Index was comprised of issuers from the United States.The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes in high yield bonds.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 October 31, 2023, a significant percentage of the Underlying Index was comprised of issuers in the consumer cyclical and consumer non-cyclicalsectors. The fund’s exposure to particular sectors or countries may change over time to correspond to changes in the Underlying Index.The fund is not sponsored, endorsed, sold or promoted by Solactive.Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers,pooled investment vehicles,banks and other financial institutions. In connection with such loans, the fund receives liquid collateral in an amount that isbased on the type and value of the securities being lent.
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HYDW - Performance
Return Ranking - Trailing
| Period | HYDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.8% | -7.2% | 5.1% | 87.15% |
| 1 Yr | 4.9% | -9.4% | 15.0% | 93.40% |
| 3 Yr | 0.9%* | -16.5% | 19.8% | 48.60% |
| 5 Yr | 2.7%* | -11.9% | 36.4% | 60.59% |
| 10 Yr | N/A* | -4.9% | 19.3% | 12.20% |
* Annualized
Return Ranking - Calendar
| Period | HYDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -4.7% | 14.3% | 83.46% |
| 2022 | -12.0% | -33.4% | 3.6% | 13.54% |
| 2021 | -0.6% | -8.4% | 14.9% | 71.97% |
| 2020 | 0.8% | -13.9% | 302.7% | 30.24% |
| 2019 | 6.4% | -4.4% | 13.3% | 74.00% |
Total Return Ranking - Trailing
| Period | HYDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.8% | -7.2% | 5.1% | 87.15% |
| 1 Yr | 4.9% | -9.4% | 15.0% | 93.40% |
| 3 Yr | 0.9%* | -16.5% | 19.8% | 48.60% |
| 5 Yr | 2.7%* | -11.9% | 36.4% | 60.59% |
| 10 Yr | N/A* | -4.9% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HYDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.8% | -4.7% | 18.2% | 87.52% |
| 2022 | -7.9% | -33.4% | 47.8% | 16.69% |
| 2021 | 2.8% | -8.4% | 24.8% | 90.49% |
| 2020 | 5.5% | -9.6% | 325.6% | 48.82% |
| 2019 | 11.4% | 0.9% | 21.5% | 80.76% |
HYDW - Holdings
Concentration Analysis
| HYDW | Category Low | Category High | HYDW % Rank | |
|---|---|---|---|---|
| Net Assets | 217 M | 1.45 M | 23.6 B | 70.26% |
| Number of Holdings | 504 | 2 | 2736 | 30.03% |
| Net Assets in Top 10 | 21.4 M | -492 M | 4.45 B | 80.03% |
| Weighting of Top 10 | 9.43% | 4.2% | 146.9% | 84.52% |
Top 10 Holdings
- DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES 2.86%
- Medline Borrower LP 1.00%
- TransDigm Inc 0.99%
- Caesars Entertainment Inc 0.84%
- Teva Pharmaceutical Finance Netherlands III BV 0.74%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.66%
- 1011778 BC ULC / New Red Finance Inc 0.63%
- TransDigm Inc 0.59%
- Medline Borrower LP 0.56%
- DEUTSCHE GOV MM SER INST 0.56%
Asset Allocation
| Weighting | Return Low | Return High | HYDW % Rank | |
|---|---|---|---|---|
| Bonds | 98.49% | -3.13% | 154.38% | 6.16% |
| Cash | 3.42% | -52.00% | 48.07% | 52.48% |
| Convertible Bonds | 1.29% | 0.00% | 17.89% | 41.64% |
| Stocks | 0.00% | 0.00% | 99.54% | 95.22% |
| Preferred Stocks | 0.00% | 0.00% | 7.88% | 88.54% |
| Other | 0.00% | -63.70% | 102.57% | 76.16% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HYDW % Rank | |
|---|---|---|---|---|
| Corporate | 98.79% | 0.00% | 129.69% | 7.75% |
| Cash & Equivalents | 3.42% | 0.00% | 48.07% | 41.64% |
| Derivative | 0.00% | -15.04% | 42.26% | 74.46% |
| Securitized | 0.00% | 0.00% | 97.24% | 89.46% |
| Municipal | 0.00% | 0.00% | 4.66% | 82.48% |
| Government | 0.00% | 0.00% | 99.07% | 88.53% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HYDW % Rank | |
|---|---|---|---|---|
| US | 98.49% | -3.13% | 129.21% | 4.18% |
| Non US | 0.00% | 0.00% | 98.19% | 88.39% |
HYDW - Expenses
Operational Fees
| HYDW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | 31.61% | 98.45% |
| Management Fee | 0.25% | 0.00% | 1.84% | 2.47% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| HYDW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HYDW 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.
| HYDW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 88.00% | 1.00% | 255.00% | 81.83% |
HYDW - Distributions
Dividend Yield Analysis
| HYDW | Category Low | Category High | HYDW % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.83% | 0.00% | 49.68% | 59.54% |
Dividend Distribution Analysis
| HYDW | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| HYDW | Category Low | Category High | HYDW % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.89% | -2.39% | 14.30% | 94.65% |
Capital Gain Distribution Analysis
| HYDW | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 08, 2024 | $0.208 | OrdinaryDividend |
| Mar 08, 2024 | $0.181 | OrdinaryDividend |
| Feb 08, 2024 | $0.203 | OrdinaryDividend |
| Dec 29, 2023 | $0.395 | OrdinaryDividend |
| Dec 08, 2023 | $0.198 | OrdinaryDividend |
| Nov 08, 2023 | $0.198 | OrdinaryDividend |
| Oct 10, 2023 | $0.188 | OrdinaryDividend |
| Sep 11, 2023 | $0.228 | OrdinaryDividend |
| Aug 08, 2023 | $0.212 | OrdinaryDividend |
| Jul 11, 2023 | $0.248 | OrdinaryDividend |
| Jun 08, 2023 | $0.207 | OrdinaryDividend |
| May 08, 2023 | $0.199 | OrdinaryDividend |
| Apr 11, 2023 | $0.199 | OrdinaryDividend |
| Mar 08, 2023 | $0.174 | OrdinaryDividend |
| Feb 08, 2023 | $0.176 | OrdinaryDividend |
| Dec 30, 2022 | $0.256 | OrdinaryDividend |
| Dec 08, 2022 | $0.215 | OrdinaryDividend |
| Nov 08, 2022 | $0.202 | OrdinaryDividend |
| Oct 11, 2022 | $0.181 | OrdinaryDividend |
| Sep 09, 2022 | $0.154 | OrdinaryDividend |
| Aug 08, 2022 | $0.169 | OrdinaryDividend |
| Jul 11, 2022 | $0.155 | OrdinaryDividend |
| Jun 08, 2022 | $0.205 | OrdinaryDividend |
| May 09, 2022 | $0.159 | OrdinaryDividend |
| Apr 08, 2022 | $0.165 | OrdinaryDividend |
| Mar 08, 2022 | $0.118 | OrdinaryDividend |
| Feb 08, 2022 | $0.149 | OrdinaryDividend |
| Dec 30, 2021 | $0.125 | OrdinaryDividend |
| Dec 08, 2021 | $0.127 | OrdinaryDividend |
| Nov 08, 2021 | $0.138 | OrdinaryDividend |
| Oct 08, 2021 | $0.133 | OrdinaryDividend |
| Sep 09, 2021 | $0.143 | OrdinaryDividend |
| Aug 09, 2021 | $0.131 | OrdinaryDividend |
| Jul 09, 2021 | $0.124 | OrdinaryDividend |
| Jun 08, 2021 | $0.150 | OrdinaryDividend |
| May 10, 2021 | $0.142 | OrdinaryDividend |
| Apr 09, 2021 | $0.136 | OrdinaryDividend |
| Mar 08, 2021 | $0.168 | OrdinaryDividend |
| Feb 08, 2021 | $0.153 | OrdinaryDividend |
| Dec 30, 2020 | $0.245 | OrdinaryDividend |
| Dec 08, 2020 | $0.181 | OrdinaryDividend |
| Nov 09, 2020 | $0.182 | OrdinaryDividend |
| Oct 08, 2020 | $0.187 | OrdinaryDividend |
| Sep 09, 2020 | $0.172 | OrdinaryDividend |
| Aug 10, 2020 | $0.172 | OrdinaryDividend |
| Jul 09, 2020 | $0.185 | OrdinaryDividend |
| Jun 08, 2020 | $0.202 | OrdinaryDividend |
| May 08, 2020 | $0.185 | OrdinaryDividend |
| Apr 08, 2020 | $0.184 | OrdinaryDividend |
| Mar 09, 2020 | $0.186 | OrdinaryDividend |
| Feb 10, 2020 | $0.186 | OrdinaryDividend |
| Dec 27, 2019 | $0.191 | OrdinaryDividend |
| Dec 10, 2019 | $0.188 | OrdinaryDividend |
| Nov 08, 2019 | $0.189 | OrdinaryDividend |
| Oct 08, 2019 | $0.189 | OrdinaryDividend |
| Sep 11, 2019 | $0.203 | OrdinaryDividend |
| Aug 08, 2019 | $0.200 | OrdinaryDividend |
| Jul 08, 2019 | $0.198 | OrdinaryDividend |
| Jun 10, 2019 | $0.190 | OrdinaryDividend |
| May 08, 2019 | $0.191 | OrdinaryDividend |
| Apr 08, 2019 | $0.188 | OrdinaryDividend |
| Mar 08, 2019 | $0.187 | OrdinaryDividend |
| Feb 08, 2019 | $0.186 | OrdinaryDividend |
| Jan 02, 2019 | $0.199 | OrdinaryDividend |
| Dec 10, 2018 | $0.183 | OrdinaryDividend |
| Nov 08, 2018 | $0.179 | OrdinaryDividend |
| Oct 09, 2018 | $0.182 | OrdinaryDividend |
| Sep 11, 2018 | $0.190 | OrdinaryDividend |
| Aug 08, 2018 | $0.177 | OrdinaryDividend |
| Jul 11, 2018 | $0.174 | OrdinaryDividend |
| Jun 08, 2018 | $0.170 | OrdinaryDividend |
| May 08, 2018 | $0.166 | OrdinaryDividend |
| Apr 09, 2018 | $0.169 | OrdinaryDividend |
| Mar 08, 2018 | $0.153 | OrdinaryDividend |
| Feb 08, 2018 | $0.154 | OrdinaryDividend |
HYDW - Fund Manager Analysis
Managers
Brandon Matsui
Start Date
Tenure
Tenure Rank
Jan 11, 2018
4.39
4.4%
■ 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
Bryan Richards
Start Date
Tenure
Tenure Rank
Jan 11, 2018
4.39
4.4%
■ 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
Jan 11, 2018
4.39
4.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |
