Xtrackers USD High Yield BB-B ex Financials ETF
DBX ETF Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Xtrackers USD High Yield BB-B ex Financials ETF is a U.S. bond index ETF that tracks the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q4
The fund seeks investment results that correspond generally to the performance, before fees and expenses, of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index.
The fund uses a representative sampling strategy to track the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index, which comprises US dollar-denominated high-yield bonds rated BB1 through B3 (excluding financial issuers and those with option-adjusted spreads of 10% or higher), subject to a 2% maximum weight per issuer. Because the fund samples rather than holds all index constituents, its returns may diverge from the index. The fund is currently classified as non-diversified under the Investment Company Act of 1940.
| Share class | Expense ratio |
|---|---|
| BHYB | 0.20% |
Portfolio turnover 37.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.66% |
| Cash & short-term | 4.91% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 47.7% |
| International | 14.1% |
| Consumer Discretionary | 5.9% |
| Health Care | 5.0% |
| 10 smaller | 27.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: MERIDIAN ARC HOLDCO LLC, PR RNO PROPERTY OWNER 1 LLC, NEXSTAR MEDIA GROUP INC, CORE SCIENTIFIC FINANCE I LLC, CENTENE CORP, OAK-EAGLE ACQUIRECO INC ×2, COREWEAVE INC
Largest exited: Vistra Operations Co LLC ×2, Nexstar Media Inc., Lightning Power LLC, Univision Communications Inc., Talen Energy Supply LLC, Kioxia Holdings Corp., LifePoint Health, Inc
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.9% |
| Floating rate | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.0% |
| 1-3y | 21.9% |
| 3-5y | 36.1% |
| 5-10y | 37.1% |
| 10y+ | 4.6% |
| Unknown | 0.3% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 50% |
| Credit spreads | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.63 yr |
| Investment grade | +0.32 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.79 yr | 27% |
| 5 yr | 1.68 yr | 56% |
| 10 yr | 0.44 yr | 15% |
| 30 yr | 0.04 yr | 1% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 1.01 yr | 34% |
| 5 yr | 1.72 yr | 58% |
| 10 yr | 0.21 yr | 7% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.00 | +0.02 | $314 | $4.6k |
| 1 yr | +0.79 | +0.08 | +0.93 | $19.4k | $221.8k |
| 5 yr | +1.68 | +0.18 | +1.54 | $43.3k | $368.0k |
| 10 yr | +0.44 | +0.06 | +0.15 | $14.3k | $35.8k |
| 30 yr | +0.04 | +0.00 | +0.00 | $211 | $554 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES | 3.93% | $94.01M | — |
| — | DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.98% | $23.52M | — |
| — | 1261229 B.C. LTD10.00% · due 2032-04-15 | 0.51% | $12.19M | — |
| — | MERIDIAN ARC HOLDCO LLC6.25% · due 2031-04-30 | 0.47% | $11.37M | — |
| — | ECHOSTAR CORP10.75% · due 2029-11-30 | 0.47% | $11.24M | — |
| — | PR RNO PROPERTY OWNER 1 LLC6.50% · due 2031-05-01 | 0.38% | $9.11M | — |
| — | QUIKRETE HOLDINGS INC6.38% · due 2032-03-01 | 0.33% | $7.98M | — |
| — | SV RNO PROPERTY OWNER 1 LLC5.88% · due 2031-03-01 | 0.31% | $7.45M | — |
| — | CLOUD SOFTWARE GROUP HOLDINGS INC6.50% · due 2029-03-31 | 0.31% | $7.34M | — |
| — | CLOUD SOFTWARE GROUP INC9.00% · due 2029-09-30 | 0.29% | $7.01M | — |
Top 10 positions are 7.99% of net assets, top 25 11.74%, across 718 issuers.
See more of this fund's book
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