- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Feb 26, 2021
- Business
- Xtrackers S&P MidCap 400 Scored & Screened ETF (MIDE) is an exchange-traded fund that seeks to track the performance of the S&P MidCap 400 Scored & Screened Index, a float-adjusted, market capitalization-weighted index designed to measure the performance of mid-cap U.S. securities meeting sustainability criteria while maintaining similar overall industry group weights as the S&P MidCap 400 Index. The fund employs a full replication strategy, investing at least 80% of its total assets in the component securities of the index, which targets approximately 75% of the float market capitalization of each Global Industry Classification Standard (GICS) industry group within the S&P MidCap 400, selected based on ESG scores that screen out companies involved in controversial weapons, tobacco, fossil fuels, and other excluded activities. It provides exposure to a diversified portfolio of mid-cap blend equities across sectors such as industrials, financials, and technology, with top holdings including EMCOR Group, Interactive Brokers Group, and Comfort Systems USA; the fund is non-diversified, passive, and listed on NYSE Arca.
Launched on February 23, 2021, by DBX Advisors LLC, a division of DWS Group (formerly Deutsche Bank Asset Management), headquartered at 875 Third Avenue, New York, NY, the ETF operates primarily in the U.S. market, targeting institutional and retail investors seeking ESG-integrated mid-cap equity exposure. DWS Group, with its main European operations in Frankfurt am Main, Germany, manages the fund as part of the broader Xtrackers ETF platform, which emphasizes low-cost, physical replication index trackers.
In a significant recent development effective around January 27, 2025, the fund and its prospectus were renamed from Xtrackers S&P MidCap 400 ESG ETF to Xtrackers S&P MidCap 400 Scored & Screened ETF, accompanied by a parallel name change for the underlying S&P MidCap 400 ESG Index to S&P MidCap 400 Scored & Screened Index; this rebranding by S&P Dow Jones Indices LLC involved no changes to the index methodology, investment policies, or ESG screening criteria. The update aligns with broader Xtrackers initiatives to refine ESG terminology across its suite, including similar adjustments for related funds like SNPG and SNPV, amid ongoing enhancements to sustainability-focused offerings such as expanded small-cap ESG ETFs launched in 2025. No major acquisitions, funding rounds, or strategic partnerships specific to MIDE were reported in the last 1-2 years, with assets under management standing at approximately $3.64 million as of late 2025.