Xtrackers Barclays International Corporate Bond Hedged ETF
IFIX
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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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
- Oct 25, 2016
- CIK
- 0001503123
- Similar Companies
- Business
- Xtrackers Barclays International Corporate Bond Hedged ETF (IFIX), an exchange-traded fund managed by DBX Advisors LLC, a division of DWS Group (formerly Deutsche Bank), seeks to track the performance of the Barclays Global Aggregate Corporate Ex-USD Bond Index USD Hedged before fees and expenses. The fund primarily invests in investment grade, fixed-rate corporate bonds issued by corporations in developed and emerging markets outside the United States, with currency exposure hedged back to the U.S. dollar; it holds approximately 132 securities, with the top 10 holdings comprising about 25% of assets. Launched on October 25, 2016, and listed on U.S. exchanges, IFIX targets investors seeking international corporate bond exposure with reduced currency risk, operating within the fixed income segment focused on non-U.S. investment grade debt. The ETF provides passive exposure to a diversified portfolio of international corporate bonds across sectors and regions, minimizing tracking error through physical replication; it emphasizes liquidity, low volatility (with 200-day volatility around 2.67%), and income generation via bond yields. DBX Advisors LLC, headquartered at 875 Third Avenue, New York, NY, oversees the fund as part of the DBX ETF Trust, with DWS Group maintaining broader operations in Frankfurt, Germany. In a significant recent development, DWS announced the closure and liquidation of the IFIX ETF, listed among funds to be shuttered, with final trading and creation orders ceasing as part of portfolio rationalization efforts; this follows a pattern of Xtrackers ETF closures, including others in prior years, amid low assets under management of approximately $2.62 million. No major new product launches, partnerships, funding rounds, or acquisitions involving IFIX have been reported in the last 1-2 years, though the fund maintained modest performance with a 1-year return of 7.13% as of recent data. The closure reflects strategic shifts by DWS to streamline its ETF lineup amid competitive pressures in the fixed income ETF market.