Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
USNZ
New York Stock Exchange Arca- -
USD
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Capital Structure
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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
- Jun 29, 2022
- Website
- etf.dws.com
- Similar Companies
- Business
- Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, comprising large- and mid-capitalization US companies selected and weighted based on environmental, social, and governance (ESG) criteria aligned with the Net Zero Investment Framework and Paris Climate Agreement objectives. The fund provides exposure to US equities exhibiting strong climate transition pathways and low-carbon intensity; top holdings include Microsoft Corp (approximately 8.7%), Apple Inc, NVIDIA Corp, Amazon.com Inc, and Meta Platforms Inc, representing over 40% of assets under management, which total around $278 million as of recent data. Launched on June 27, 2022, and domiciled in the United States, USNZ operates with a net expense ratio of 0.10% and focuses on the large blend equity segment for investors targeting sustainable US market exposure. USNZ forms part of the broader Xtrackers ETF platform managed by DWS Group GmbH & Co. KGaA, a global asset manager headquartered in Frankfurt, Germany, with an index track record exceeding 20 years and over €148 billion in ETF assets under management across equities, bonds, commodities, and other asset classes. DWS, originally founded in 1956 as Deutsche Gesellschaft für Wertpapiersparen mbH and spun off from Deutsche Bank via IPO in 2018 (where Deutsche Bank retains a majority stake of about 79%), oversees 41 US-listed Xtrackers ETFs with combined assets of $28.68 billion. The platform emphasizes physical replication and serves institutional and retail investors worldwide, with key operations in Europe, the US, and Asia. In recent developments, DWS has pursued inorganic growth through strategic acquisitions and partnerships, including a 2024 joint venture with OMERS Infrastructure to acquire Italy's Grandi Stazioni Retail and solar PV plant investments in Spain signaling expansion in renewables. The firm targets further M&A in alternatives like infrastructure amid a consolidating financial landscape, aiming for a cost-income ratio below 59% by 2025 to fund deals. Xtrackers expanded listings in August 2025 with initial ETFs on Nasdaq Stockholm and underwent an index switch for a European fund to the STOXX Europe Total Market Leaders index in September 2025, alongside ongoing product enhancements in ESG and thematic strategies.