Xtrackers California Municipal Bond ETF
CA
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Dec 19, 2023
- CIK
- 0001503123
- Website
- etf.dws.com
- Similar Companies
- Business
- DBX ETF Trust (the Trust) is a Delaware statutory trust that issues exchange-traded funds (ETFs), including the Xtrackers California Municipal Bond ETF (ticker: CA), which seeks investment results that correspond generally to the performance, before fees and expenses, of the ICE AMT-Free Broad Liquid California Municipal Index. The Trust, with principal executive offices at 875 Third Avenue, New York, New York 10022, and founded in 2007, operates a suite of passive index-tracking ETFs managed by DBX Advisors LLC, a subsidiary of DWS Group GmbH & Co. KGaA, spanning equities, fixed income, and other asset classes across domestic and international markets. The Xtrackers California Municipal Bond ETF (CA) provides exposure to U.S. dollar-denominated investment grade, tax-exempt municipal debt publicly issued by the State of California and its political subdivisions, including general obligation bonds, revenue bonds, and other municipal securities; qualifying securities feature fixed coupon schedules, at least one month to final maturity, minimum outstanding face values of $25 million from deals sized at least $100 million originally, and average ratings of investment grade from Moody's, S&P, and Fitch, while being exempt from federal income taxes and the alternative minimum tax. Launched on December 13, 2023, and listed on Nasdaq, the ETF holds approximately 272 securities with a net expense ratio of 0.07%, a modified duration to worst of 5.50 years, and average final maturity of 14.00 years as of September 30, 2024; sector allocations emphasize general obligation (42.54%), education (23.71%), and health care (8.98%), with top issuers such as the State of California (22.64%) and University of California (6.58%). In the past 1-2 years, the Trust has pursued product expansions including the launch of six synthetically replicating U.S. equity ETFs in September 2025 tracking S&P 500 and Nasdaq indices; strategic partnerships such as with ASB Capital for a November 2025 ETF listing on the London Stock Exchange, Levler for Nasdaq Stockholm listings in Swedish kronor covering global and emerging markets plus AI themes, and Nissay Asset Management for a Tokyo Stock Exchange debut marking DWS's 40th Japan anniversary; and index switches like adopting the STOXX Europe Total Market Leaders Index for an ETF rebranding in September 2025, alongside ESG criteria updates for select funds effective January 2026 and a Form 485APOS filing in April 2025 for the Xtrackers S&P 500 Diversified Sector Weight ETF. These initiatives reflect a focus on retail investor access, geographic diversification into Europe and Asia, and enhanced index-tracking innovations amid low-cost ETF growth. The Trust targets institutional and retail investors seeking efficient, targeted exposures, with operations centered in the U.S. and expanding internationally through DWS affiliates.