Xtrackers USD High Yield Corporate Bond ETF
U.S. bond index ETF · tracks Solactive USD High Yield Corporates Total Market Index
As of its 2026 Q2 report, Xtrackers USD High Yield Corporate Bond ETF held 1,279 positions with $3.48B in net assets. Its ten largest holdings made up 10.3% of the fund. The HYLB share class costs 0.05% a year. Over the 12 months to May 2026, HYLB returned 7.3%, with dividends reinvested. In 2026 Q3 it added 84 new positions and exited 92.
The fund seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Index.
The fund tracks the Solactive USD High Yield Corporates Total Market Index using representative sampling, holding a sample of the index's bonds whose risk and return characteristics resemble the index as a whole. Because the fund samples rather than holds all index constituents, its returns may diverge from the index. The fund concentrates its holdings in consumer cyclical and communications sectors to the extent the index does.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES | 6.39% | $222.60M | — |
DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.83% | $29.07M | — |
1261229 B.C. LTD 10.00% · due 2032-04-15 | 0.53% | $18.50M | — |
ECHOSTAR CORP 10.75% · due 2029-11-30 | 0.51% | $17.66M | — |
PR RNO PROPERTY OWNER 1 LLC 6.50% · due 2031-05-01 | 0.40% | $13.83M | — |
QUIKRETE HOLDINGS INC 6.38% · due 2032-03-01 | 0.35% | $12.15M | — |
CLOUD SOFTWARE GROUP HOLDINGS INC 6.50% · due 2029-03-31 | 0.34% | $12.04M | — |
CLOUD SOFTWARE GROUP INC 9.00% · due 2029-09-30 | 0.33% | $11.52M | — |
DISH NETWORK CORP 11.75% · due 2027-11-15 | 0.32% | $11.00M | — |
ASURION LLC / ASURION CO-ISSUER INC 8.00% · due 2032-12-31 | 0.30% | $10.48M | — |
The 200 largest of 1,279 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 97.73% |
| Cash & short-term | 7.22% |
By sector
- Other
- 47.8%
- International
- 13.0%
- Cash
- 6.9%
- Consumer Discretionary
- 4.9%
- 10 other sectors
- 27.3%
- Other
- 47.8%
- International
- 13.0%
- Cash
- 6.9%
- Consumer Discretionary
- 4.9%
- Health Care
- 4.7%
- Industrials
- 4.0%
- Financials
- 3.4%
- Communication Services
- 3.3%
- Energy
- 2.9%
- Information Technology
- 2.5%
- Materials
- 2.2%
- Utilities
- 1.8%
- Consumer Staples
- 1.6%
- Real Estate
- 0.9%
How it has done
HYLB share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.64%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 and Aug 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Xtrackers USD High Yield Corporate Bond ETF is a U.S. bond index ETF that tracks the Solactive USD High Yield Corporates Total Market Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.05%· HYLB 0.05%
- Portfolio turnover
- 29.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
84 new· the largest 7
92 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-29
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 | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 22.6% |
| 3-5y | 36.6% |
| 5-10y | 40.6% |
| 10y+ | 0.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 | +2.61 yr |
| Investment grade | +0.26 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 | 0.81 yr | 28% |
| 5 yr | 1.73 yr | 59% |
| 10 yr | 0.33 yr | 11% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 1.05 yr | 36% |
| 5 yr | 1.75 yr | 61% |
| 10 yr | 0.05 yr | 2% |
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 | $401 | $6.2k |
| 1 yr | +0.81 | +0.08 | +0.96 | $28.8k | $335.4k |
| 5 yr | +1.73 | +0.17 | +1.59 | $59.0k | $552.4k |
| 10 yr | +0.33 | +0.01 | +0.04 | $3.3k | $14.7k |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — HYLB, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”