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The db X-trackers Solactive Investment Grade Subordinated Debt Fund (SUBD) seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive Subordinated Bond Index. The index is designed to track the subordinated corporate bond market denominated in U.S. dollars. The index is comprised of corporate securities which are classified as subordinated or junior subordinated. Subordinated securities are subordinated or “junior” to more senior securities of the issuer and are entitled to payment after other holders of debt in that issuer. Junior subordinated securities generally rank slightly higher in terms of payment priority than both common and preferred stock of an issuer, but rank below other subordinated securities and debt securities. In order to be added to the index, a bond must have an amount outstanding of at least $500 million and a remaining maturity of at least one year. The index may include U.S. dollar-denominated bonds issued by issuers located outside the U.S. (including emerging markets). Additionally, the index may include a substantial number of bonds offered pursuant to Rule 144A under the Securities Act of 1933, as amended. As of February 28, 2014, the index was substantially comprised of issuers in the financial services sector.
The expense ratio includes Other Expenses based on estimated amounts for the Fund’s fiscal year ended May 31, 2014.
Returns » Growth of $10,000
Growth of $10,000 » Returns As of
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Holdings are subject to change without notice