Xtrackers USD High Yield BB-B ex Financials ETF
BHYB
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Oct 30, 2023
- Website
- etf.dws.com
- Similar Companies
- Business
- Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is an exchange-traded fund that seeks investment results corresponding generally to the performance, before fees and expenses, of the ICE BofA BB-B Non-FNCL Non-Distressed U.S. HY Constrained Index. The fund employs a passive, representative sampling indexing strategy, investing at least 80% of its total assets in instruments comprising the Underlying Index, which tracks U.S. dollar-denominated, below-investment-grade corporate bonds rated BB1/BB+ through B3/B- (based on an average of Moody's, S&P and Fitch ratings), excluding financial issuers and those with an option-adjusted spread of 10% or greater; the portfolio emphasizes fixed-coupon securities with at least $250 million outstanding, market capitalization weighting subject to a 2% issuer cap, and rebalancing at month-end. As of October 31, 2024, the Underlying Index comprised approximately 1,440 bonds from 773 issuers across countries including the United States (significant exposure), Austria, Australia, Canada, and others, with notable concentration in the consumer cyclical sector and holdings in corporate bonds (98.32%), non-U.S. bonds (14.02%), and cash equivalents. Launched on October 26, 2023, and domiciled in the United States, BHYB trades on the Cboe BZX Exchange under the ticker BHYB with an expense ratio of 0.20%; it is issued by DWS Investment Management Americas, Inc., doing business as Xtrackers, a brand of Deutsche Bank AG. The fund targets investors seeking exposure to non-financial, non-distressed high yield bonds in the fixed income segment, providing monthly distributions as evidenced by recent ex-dividend dates including November 3, 2025 ($0.298 per share), September 2, 2025 ($0.273), and others through 2024-2025. Total net assets stood at approximately $1.14 billion as of late 2024. Recent developments include portfolio management enhancements effective May 1, 2025, with Senior Portfolio Manager Benjamin Spalding (since 2023) leading the team alongside Jason Meyerberg and Nancy Thai (both added in 2024), all from DBX Advisors LLC and Xtrackers fixed income operations in New York. The fund maintained a portfolio turnover rate of 32% from inception through its most recent fiscal year-end, reflecting disciplined index tracking amid high yield market conditions. No major acquisitions, partnerships, funding rounds, or strategic shifts beyond routine index rebalancing and manager updates have been reported in the last 1-2 years.