Fund Description
The Xtrackers Municipal Infrastructure Revenue Bond ETF (the Fund ) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Municipal Infrastructure Revenue Bond Index (the Underlying Index ). The Index is a rules-based index aiming to track the returns of the U.S. long term tax-exempt bond market, specifically infrastructure revenue bonds. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties,districts, their respective agencies and other tax-exempt issuers. The Index is intended to track bonds that have been issued with the intention of funding federal, state and local infrastructure projects such as water and sewer systems, public power systems, toll roads, bridges, tunnels, and many other public use projects. The Index is designed to only hold those bonds issued by state and local municipalities where the interest and principal repayments are generated from dedicated revenue streams or double-barreled entities (whose bonds are backed by both a dedicated revenue stream and a general obligation pledge).
Fund Profile
Fund Name X-trackers Municipal Infrastructure Revenue Bond Fund
Fund Exchange Ticker RVNU
Fund Sponsor DWS
Fund ISIN US2330517051
Net Expense Ratio 0.15 %
Fund Inception Date 4 June 2013
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Solactive Municipal Infrastructure Revenue Bond Index
Index Provider Solactive AG
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Long (10 + years)
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 November 2021
Asset Under Management 157.83 Million (USD)
1 Month Total Return 1.32 %
Year To Date Return 1.54 %
1 Year Total Return 2.79 %
3 Year Annualized Total Return 6.65 %
NAV 29.2286
Share Outstanding 5,400,000
Top 10 Holdings (29 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
Triborough Bridge & Tunnel Authority 5.00 05/15/2051 BOND 0.016385378
New York State Power Authority Rev 3.25 11/15/2060 BOND 0.013958446
North Texas Tollway Authority Revenue 5.00 01/01/2048 BOND 0.011698629
New York City Water and Sewer System 4.00 06/15/2040 BOND 0.011359981
Metropolitan Washington Airports Authority 4.00 10/01/2053 BOND 0.009738842
San Francisco City & County Airport Comm-San Francisco International Airport 5.00 05/01/2045 BOND 0.009632225
San Francisco Calif City & County Airport 4.00 05/01/2049 BOND 0.009502286
State of Maryland Department of Transportation 4.00 07/01/2050 BOND 0.009418572
City of Los Angeles Department of Airports 4.00 05/15/2044 BOND 0.009035981