Xtrackers Risk Managed USD High Yield Strategy ETF
HYRM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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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
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Feb 10, 2022
- CIK
- 0001503123
- Website
- etf.dws.com
- Similar Companies
- Business
- Xtrackers Risk Managed USD High Yield Strategy ETF (HYRM) is an exchange-traded fund that employs a risk-managed strategy focused on U.S. dollar-denominated high yield corporate bonds. The fund seeks to provide exposure to high yield securities while mitigating downside risk through an options overlay strategy, utilizing put options on high yield bond indices to hedge against significant market declines; it primarily invests in high yield bonds rated below investment grade, with a portfolio construction that emphasizes credit selection and duration management. HYRM offers investors a combination of income generation from high yield coupons and principal protection via its systematic risk management approach, targeting institutional and retail fixed income investors seeking enhanced yield with reduced volatility. Operated by DWS Group (US) LLC, a subsidiary of Deutsche Bank AG, the ETF was launched in 2023 and is domiciled in the United States with its principal operations managed from Chicago, Illinois. The fund's strategy segments include high yield bond selection across sectors such as energy, consumer discretionary, and telecommunications; geographic focus remains on USD-denominated issuers primarily from North America, though it includes select global credits. It serves as part of the broader Xtrackers ETF suite, which encompasses fixed income, equity, and multi-asset products. Recent developments include the expansion of the Xtrackers risk-managed ETF platform in 2024 with the launch of complementary funds like HYRM's investment-grade counterpart, reflecting DWS's strategic shift toward option-enhanced fixed income strategies amid rising interest rate volatility; in late 2025, DWS announced enhanced liquidity provisions for HYRM through additional authorized participants, improving trading efficiency. No major acquisitions or name changes have occurred in the past two years, though the fund benefited from increased inflows during the 2025 high yield rally driven by Federal Reserve rate cuts. These changes underscore DWS's commitment to innovative risk mitigation in high yield exposure.