Xtrackers High Beta High Yield Bond ETF (HYUP) is an exchange-traded fund that seeks to track the performance of the Solactive High Beta High Yield Bond Index before fees and expenses. The fund provides exposure to a portfolio of high yield corporate bonds selected for their high sensitivity to market movements, or beta, offering investors amplified returns potential in rising credit markets alongside elevated risk; it invests primarily in U.S. dollar-denominated, below-investment-grade fixed-rate corporate bonds issued by companies in developed markets with maturities between one and fifteen years. HYUP employs a sampling strategy to replicate the index, holding approximately 200-300 securities weighted by market value and beta-adjusted factors, with holdings rebalanced monthly to maintain target characteristics.
The ETF is issued and managed by Xtrackers, a brand of DWS Group GmbH & Co. KGaA, a leading global asset manager headquartered in Frankfurt, Germany, with significant U.S. operations based in New York; DWS, founded in 1956 as part of Deutsche Bank, oversees over $900 billion in assets and offers a broad range of ETFs, mutual funds, and institutional strategies focused on equities, fixed income, alternatives, and multi-asset solutions worldwide. Geographically, HYUP targets issuers primarily from North America and Europe, serving institutional investors, financial advisors, and retail portfolios seeking high-conviction high yield exposure.
Recent developments include the fund's launch in March 2023, marking Xtrackers' expansion into niche fixed income strategies amid rising demand for beta-enhanced credit products; in 2024, DWS announced strategic enhancements to its U.S. ETF lineup, including increased marketing for high yield offerings like HYUP, alongside a partnership with ICE Data Services to improve index licensing and analytics for fixed income ETFs. No major acquisitions or name changes have occurred for HYUP or its sponsor in the past two years, though DWS completed the integration of assets from its 2022 acquisition of parts of Deutsche Bank's asset management business, bolstering ETF distribution channels. As of late 2025, the fund maintains stable assets under management around $50-100 million, reflecting steady inflows in a volatile high yield environment.