Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$30.96
$370 M
0.00%
0.15%
Vitals
YTD Return
11.8%
1 yr return
15.0%
3 Yr Avg Return
0.7%
5 Yr Avg Return
4.7%
Net Assets
$370 M
Holdings in Top 10
28.3%
52 WEEK LOW AND HIGH
$30.8
$26.15
$33.92
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$30.96
$370 M
0.00%
0.15%
EMCR - Profile
Distributions
- YTD Total Return 11.8%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
-
Fund Family NameXTRACKERS
-
Inception DateDec 06, 2018
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShlomo Bassous
Fund Description
The fund, using a “passive” or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the Underlying Index, which is comprised of large and mid-capitalization companies in emerging markets countries that meet certain environmental, social and governance (“ESG”) criteria and/or have committed to greenhouse gas emissions reduction targets. The Underlying Index is then weighted in such a manner seeking to align its constituent companies’ greenhouse gas emissions with the long-term global warming target of the Paris Climate Agreement. Under normal circumstances, the Underlying Index is rebalanced semi-annually in February and August. The fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index's rebalance schedule will result in corresponding changes to the fund's rebalance schedule.In constructing the Underlying Index, Solactive AG (“Solactive”) begins with the universe of securities comprising the parent index, the Solactive GBS Emerging Markets Large & Mid Cap USD Index PR, which is designed to track the performance of the large and mid-capitalization segment covering approximately the largest 85% of the free-float market capitalization in the emerging markets. From this universe of securities, Solactive first seeks to identify only those companies operating in accordance with established standards for responsible ESG conduct in the following manner:Companies in the parent universe are initially excluded from the Underlying Index for:◾Failure to observe established norms with respect to environment, human rights, corruption and labor rights (or if incorporated in countries identified with high social risk);◾Involvement in controversial weapons (i.e., chemical biological or nuclear weapons, depleted uranium, cluster munitions and anti-personnel mines); or◾Deriving a specified percentage of revenues from one of the following sectors (“Sector Criteria”): fossil fuel, oil sands, military, pornography, tobacco, gambling, alcohol or cannabis.All companies that do not trigger an exclusion listed above are included in the Underlying Index. In addition, companies that were initially excluded based on the Sector Criteria or for being incorporated in countries identified with high social risk may still be included in the Underlying Index if they have committed to setting “science-based”greenhouse gas emissions reduction targets by signing on to the Science Based Targets initiative (“SBTi”). Reduction targets are considered “science-based” if they are in line with what the latest climate science deems necessary to limit global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C, as determined by the SBTi.Once the constituents of the Underlying Index are selected pursuant to the above criteria, the constituents are then weighted in a manner designed to reduce the “carbon intensity” (defined, for each company included in the Underlying Index, as its greenhouse gas emissions as a percentage of the company’s enterprise value including cash) in the following ways:◾Reduce the carbon intensity of the Underlying Index by at least 60% compared to the parent index, and◾Seek a year-over-year carbon intensity reduction target of at least 7%.Solactive weights each Underlying Index constituent based on its “Carbon Risk Rating,” as calculated by Solactive’s data provider, Institutional Shareholder Services Inc. (“ISS”), with those companies judged to be doing more to reduce emissions being weighted more heavily. A company’s Carbon Risk Rating is a composite score based on two components: (i) the company’s Carbon Risk Classification, and (ii) the company’s Carbon Performance Score, each as assessed by ISS.◾The Carbon Risk Classification assesses a company’s exposure to carbon-related transition risks by estimating the emission intensity in the company’s business model, based on its industry and business activities.◾The Carbon Performance Score evaluates the current carbon-related performance of a company as well as a company’s risk management and measures to reduce its carbon intensity in the future.Under the Underlying Index’s methodology, a company may have considerable carbon intensity today, resulting in a poor Carbon Risk Classification, and at the same time be actively working to improve their climate impact and carbon footprint in the future, resulting in a high Carbon Performance Score. These companies are considered to be “climate improvers” and may be included in the Underlying Index.In calculating the Carbon Risk Classification and the Carbon Performance Score, ISS collects data from a range of public and private sources including company annual reports and sustainability reports, United Nations Global Compact Participant Communications on Progress, Principles for Responsible Investment Signatory Reporting, subscription databases such as the Carbon Disclosure Project, and correspondence with individual companies during the rating process.The fund uses a full replication indexing strategy to seek to track the Underlying Index. As such, the fund invests directly in the component securities of the Underlying Index in substantially the same weightings in which they are represented in the Underlying Index. If it is not possible for the fund to acquire component securities due to limited availability or regulatory restrictions, the fund may use a representative sampling indexing strategy to seek to track the Underlying Index instead of a full replication indexing strategy. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield), and liquidity measures similar to those of the Underlying Index. The fund may or may not hold all of the securities in the Underlying Index when using a representative sampling indexing strategy. The fund will invest at least 80% of its total assets (but typically far more) in component securities (including depositary receipts in respect of such securities) of the Underlying Index.As of October 31, 2023, the Underlying Index consisted of 1,495 securities, with an average market capitalization of approximately $11.94 billion and a minimum market capitalization of approximately $184 million from issuers in the following countries (as indicated by country of domicile): Brazil, Cayman Islands, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hong Kong, Hungary, India, Indonesia,Ireland, Kuwait, Malaysia, Mexico, Philippines, Poland, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates.] The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of issuers from countries classified as emerging markets, as defined by the index provider. Emerging market countries are countries that are generally considered to be less economically mature than developed nations. As of October 31, 2023, a significant percentage of the Underlying Index was comprised of securities of issuers from China, Taiwan, and India.The fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent that its Underlying Index is concentrated. As of October 31, 2023, a significant percentage of the Underlying Index was comprised of issuers in the financials and information technology sectors. The fund’s exposure to particular sectors or countries may change over time to correspond to changes in the Underlying Index.The fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index that the fund is designed to track. Shareholder approval will not be sought when the fund crosses from diversified to non-diversified status under such circumstances.The fund is not sponsored, endorsed, sold or promoted by Solactive.Derivatives. The fund may invest in derivatives, which are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index. In particular, portfolio management may use futures contracts, stock index futures, options on futures, swap contracts and other types of derivatives in seeking performance that corresponds to its Underlying Index and will not use such instruments for speculative purposes.Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers,pooled investment vehicles,banks and other financial institutions. In connection with such loans, the fund receives liquid collateral in an amount that isbased on the type and value of the securities being lent.
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EMCR - Performance
Return Ranking - Trailing
| Period | EMCR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -32.7% | 17.4% | 95.04% |
| 1 Yr | 15.0% | -50.4% | 14.4% | 84.05% |
| 3 Yr | 0.7%* | -16.6% | 69.4% | 3.25% |
| 5 Yr | 4.7%* | -13.2% | 32.4% | N/A |
| 10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | EMCR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -50.1% | 15.9% | 0.38% |
| 2022 | -21.1% | -26.9% | 16.3% | 0.80% |
| 2021 | 3.7% | -7.2% | 79.7% | 1.52% |
| 2020 | 11.3% | -14.2% | 9.4% | 91.74% |
| 2019 | 18.5% | -11.5% | 24.0% | 0.31% |
Total Return Ranking - Trailing
| Period | EMCR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -50.8% | 17.4% | 97.46% |
| 1 Yr | 15.0% | -50.4% | 30.2% | 84.23% |
| 3 Yr | 0.7%* | -16.6% | 69.4% | 3.24% |
| 5 Yr | 4.7%* | -13.2% | 32.4% | N/A |
| 10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | EMCR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -50.1% | 15.9% | 0.38% |
| 2022 | -18.8% | -18.2% | 16.3% | 0.80% |
| 2021 | 5.5% | -7.2% | 79.7% | 1.52% |
| 2020 | 13.5% | -14.2% | 10.3% | 93.59% |
| 2019 | 22.4% | -9.7% | 24.0% | 0.31% |
EMCR - Holdings
Concentration Analysis
| EMCR | Category Low | Category High | EMCR % Rank | |
|---|---|---|---|---|
| Net Assets | 370 M | 717 K | 102 B | 44.56% |
| Number of Holdings | 1425 | 7 | 6734 | 7.75% |
| Net Assets in Top 10 | 26.6 M | 3.7 K | 19.3 B | 48.03% |
| Weighting of Top 10 | 28.25% | 2.8% | 71.7% | 71.91% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.08%
- Tencent Holdings Ltd 5.11%
- Alibaba Group Holding Ltd 2.76%
- Samsung Electronics Co Ltd 2.66%
- DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 2.45%
- Infosys Ltd 1.69%
- Meituan 1.17%
- Tata Consultancy Services Ltd 1.13%
- HDFC Bank Ltd 1.11%
- International Holding Co PJSC 1.10%
Asset Allocation
| Weighting | Return Low | Return High | EMCR % Rank | |
|---|---|---|---|---|
| Stocks | 96.71% | 0.90% | 110.97% | 16.19% |
| Cash | 2.54% | -23.67% | 20.19% | 80.45% |
| Preferred Stocks | 1.33% | 0.00% | 2.67% | 20.74% |
| Other | 0.03% | -1.48% | 9.95% | 16.92% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 4.17% |
| Bonds | 0.00% | -0.03% | 55.68% | 11.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EMCR % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 39.12% | 46.23% |
| Technology | 0.00% | 0.00% | 47.50% | 39.28% |
| Real Estate | 0.00% | 0.00% | 17.15% | 42.99% |
| Industrials | 0.00% | 0.00% | 43.53% | 65.39% |
| Healthcare | 0.00% | 0.00% | 93.26% | 53.17% |
| Financial Services | 0.00% | 0.00% | 48.86% | 7.66% |
| Energy | 0.00% | 0.00% | 26.66% | 83.11% |
| Communication Services | 0.00% | 0.00% | 46.62% | 15.33% |
| Consumer Defense | 0.00% | 0.00% | 28.13% | 75.93% |
| Consumer Cyclical | 0.00% | 0.00% | 48.94% | 56.41% |
| Basic Materials | 0.00% | 0.00% | 30.03% | 65.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EMCR % Rank | |
|---|---|---|---|---|
| Non US | 93.92% | -4.71% | 112.57% | 12.28% |
| US | 2.79% | -1.60% | 104.72% | 67.10% |
EMCR - Expenses
Operational Fees
| EMCR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.15% | 0.01% | 2.69% | 97.84% |
| Management Fee | 0.15% | 0.00% | 2.00% | 3.11% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| EMCR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| EMCR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| EMCR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 190.00% | 11.99% |
EMCR - Distributions
Dividend Yield Analysis
| EMCR | Category Low | Category High | EMCR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 13.22% | 23.96% |
Dividend Distribution Analysis
| EMCR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| EMCR | Category Low | Category High | EMCR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.98% | 17.62% | 17.21% |
Capital Gain Distribution Analysis
| EMCR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.286 | OrdinaryDividend |
| Jun 23, 2023 | $0.255 | OrdinaryDividend |
| Dec 16, 2022 | $0.443 | OrdinaryDividend |
| Jun 24, 2022 | $0.337 | OrdinaryDividend |
| Dec 17, 2021 | $0.246 | OrdinaryDividend |
| Jun 25, 2021 | $0.347 | OrdinaryDividend |
| Dec 18, 2020 | $0.294 | OrdinaryDividend |
| Jun 26, 2020 | $0.254 | OrdinaryDividend |
| Dec 18, 2019 | $0.475 | OrdinaryDividend |
| Jun 28, 2019 | $0.408 | OrdinaryDividend |
| Dec 19, 2018 | $0.044 | OrdinaryDividend |
EMCR - Fund Manager Analysis
Managers
Shlomo Bassous
Start Date
Tenure
Tenure Rank
Dec 04, 2018
3.49
3.5%
Mr. Bassous is a Vice President with Deutsche Asset Management and has served as a Portfolio Manager in the DWS Group GmbH & Co. KGaA in 2017 with 13 years of industry experience. . Prior to joining Deutsche Bank, Mr. Bassous served as Portfolio Manager at Northern Trust Asset Management where he managed equity portfolios across a variety of global benchmarks. While at Northern Trust, he spent several years in Chicago, London and Hong Kong where he managed portfolios on behalf of institutional clients in North America, Europe, the Middle East and Asia. Before joining Northern Trust in 2007, he worked at The Bank of New York Mellon and Morgan Stanley in a variety of roles supporting equity trading and portfolio management. Mr. Bassous received a BS in Finance from Yeshiva University in 2004.
Bryan Richards
Start Date
Tenure
Tenure Rank
Dec 04, 2018
3.49
3.5%
■ Joined DWS Group GmbH & Co. KGaA in 2011 with 11 years of industry experience. ■ Head of Passive Portfolio Management, Americas: New York. Bryan Richards is a Director with Deutsche Asset and Wealth Management and has served as a Portfolio Manager in the Passive Asset Management business since 2011. Mr. Richards began his career as an equity analyst at Fairhaven Capital LLC in Boston supporting two Portfolio Managers in a long-short equity strategy. Mr. Richards joined XShares Advisors, an ETF issuer, as a Vice President in 2007, providing analysis on index and fund construction as well as fund operations and performance before being promoted to Director of Fund Operations in 2009. Mr. Richards holds a BS Degree in Finance from Boston College and is a CFA Charterholder.
Patrick Dwyer
Start Date
Tenure
Tenure Rank
Dec 04, 2018
3.49
3.5%
Joined DWS Group GmbH & Co KGaA in 2016 with 16 years of industry experience. Mr. Dwyer is a Director with Deutsche Asset Management and has served as a Portfolio Manager in the Passive Asset Management business since 2016. Prior to his current role, Mr. Dwyer was the head of Northern Trust’s International Equity Index ETF and Overlay portfolio management team in Chicago, managing portfolios for North American based clients.Patrick Dwyer is a Vice President at The Northern Trust Company, Chicago. He is a Senior Portfolio Manager and Trader in the Quantitative Management Group of Northern Trust Global Investments and is responsible for the management of international index portfolios. His time at Northern Trust included working in New York, Chicago, and in Hong Kong building a portfolio management desk. Mr. Dwyer has a broad range of experience managing developed, emerging, and frontier index mandates, and currency and future overlay portfolios.Before his current role, Patrick was a portfolio manager in the domestic index portfolio team. Prior to joining Northern Trust in 2003, Mr. Dwyer participated in the Deutsche Asset Management graduate training program. He rotated through the domestic fixed income and US structured equity fund management groups. Mr. Dwyer received a BS in Finance from Rutgers University in 2001.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.43 | 13.42 |