Symbols

DBJP

Xtrackers MSCI Japan Hedged Equity ETF·ARCA

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Key Stats

Assets Under Management

565.69MUSD

Fund Flows (1Y)

35.69MUSD

Dividend Yield

2.52%

Discount/Premium to NAV

0.56%

Shares Outstanding

5.50M

Expense Ratio

0.45%

About Xtrackers MSCI Japan Hedged Equity ETF

Issuer

DWS

Brand

Xtrackers

Home Page

https://etf.dws.com/en-us/DBJP-msci-japan-hedged-equity-etf/

Inception Date

Jun 9, 2011

Structure

Open-Ended Fund

Index Tracked

MSCI Japan US Dollar Hedged Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

DBX Advisors LLC

Distributor

ALPS Distributors, Inc.

DBJP tracks a currency-hedged version of the popular MSCI Japan Index. DBJP hedges out the currency exposure inherent in investing in its underlying equities, which results in pure equity exposure that sidesteps the yen's volatility. The fund enters into forward currency contracts which hedges the JPY to the USD by selling JPY currency forwards at the one-month forward rate published by WM/Reuters. The fund tilts large due to its exclusion of small-caps, but its sector exposure is neutral, providing a comprehensive portfolio with minimal sector tilts. As much as possible DBJP uses full replication indexing, this strategy invests directly in the component securities while also using considerably the same weightings in which they are represented in the index.