Xtrackers California Municipal Bond ETF

Frequently Asked Questions About CA

What does CA invest in?

Xtrackers California Municipal Bond ETF (the “fund”) seeks investment results that correspond generally to the performance, before fees and expenses, of the ICE AMT-Free Broad Liquid California Municipal Index (the “Underlying Index”).

What is the expense ratio of CA?

Xtrackers California Municipal Bond ETF (CA) charges an expense ratio of 0.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of CA?

Effective duration measures CA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CA?

CA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CA?

Yield to maturity (YTM) is the total return you'd earn from CA if every bond in the portfolio is held to maturity at the current price. CA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is CA?

Xtrackers California Municipal Bond ETF (CA) manages $21.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.