Symbols

DBEF

Xtrackers MSCI EAFE Hedged Equity ETF·NYSE

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Key Stats

Assets Under Management

8.56BUSD

Fund Flows (1Y)

-33.32MUSD

Dividend Yield

5.24%

Discount/Premium to NAV

0.77%

Shares Outstanding

169.35M

Expense Ratio

0.35%

About Xtrackers MSCI EAFE Hedged Equity ETF

Issuer

DWS

Brand

Xtrackers

Home Page

https://etf.dws.com/en-us/DBEF-msci-eafe-hedged-equity-etf/

Inception Date

Jun 9, 2011

Structure

Open-Ended Fund

Index Tracked

MSCI EAFE 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.

DBEF offers the same plain-vanilla exposure to the MSCI EAFE index as EFA and has the typical weak spots of that index: heavy on the large-caps and without any exposure to Canada. In contrast to EFA though, DBEF has a currency hedge that provides access to local equity returns without currency fluctuations for US investors. This currency hedge substantially alters its performance from any unhedged competitors, especially when there are large movements in the USD relative to DBEF's 3 major currencies: JPY, EUR and GBP. Aside from utilizing 1-month forward contracts, the fund may also use non-deliverable forward (NDF) contracts to execute its hedging transactions.