- CEO
- Robert Cucinotta
- Full Time Employees
- 1
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Jul 17, 2023
- Business
- Xtrackers Cybersecurity Select Equity ETF (PSWD) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Solactive Cyber Security ESG Screened Index, comprising global companies engaged in cybersecurity operations that meet specified sustainability criteria provided by Sustainalytics; the index applies ESG screens to exclude firms involved in controversial weapons, tobacco, thermal coal, oil and gas, or civilian sales of assault weapons and small arms. The fund employs a passive, full replication strategy, holding approximately 52 securities primarily in the information technology sector (around 99%), with top holdings including GDS Holdings Ltd, NextDC Ltd, CyberArk Software Ltd, Varonis Systems Inc, Palo Alto Networks Inc, Zscaler Inc, CrowdStrike Holdings Inc, SentinelOne Inc, Akamai Technologies Inc, and Okta Inc; it features a net expense ratio of 0.20%, assets under management of approximately $8.4 million, and exposure across 17 countries including the United States (55%), Japan, Israel, China, and Australia. Launched on July 12, 2023 and listed on Nasdaq, PSWD is managed by DBX Advisors LLC, a subsidiary of DWS Group GmbH & Co. KGaA, headquartered in Frankfurt am Main, Germany.
Recent developments include the addition of Daniel Park as a portfolio manager effective December 20, 2024, complementing the existing team of Patrick Dwyer, Shlomo Bassous, and Ashif Shaikh; the fund has pursued ongoing portfolio rebalancing in line with quarterly index reconstitutions by Solactive, incorporating new cybersecurity holdings amid sector growth and reflecting net inflows of about $724,000 over the past year. No major acquisitions, funding rounds, or strategic partnerships specific to PSWD have been announced in the last two years, though DWS has emphasized retail investor expansion and geographic growth for its Xtrackers ETF platform amid rising assets under management.