Xtrackers High Beta High Yield Bond ETF

Xtrackers High Beta High Yield Bond ETF (HYUP) is a DWS index fund. It tracks the Solactive USD High Yield Corporates Total Market High Beta Index, which picks the higher-yielding, more volatile part of the US dollar junk bond market. It costs 0.20% a year and had a trailing 12-month yield of 7.73% as of October 27, 2026. But it swings more than broad high-yield funds and is small, with about $47.6 million in assets.

• Over the year to Oct 27, 2026, HYUP returned +0.1%, 8th of 8 among similar funds.
• Its 5-year annualized return was +3.7%.
• In the 2020 COVID crash it fell 24.8% and regained its old high 7.8 months after the low.
• Its worst full calendar year was 2022 (-13.3%); its best was 2019 (+16.5%).
• The deepest fall in its price history was 24.8% (Feb 20, 2020 to Mar 23, 2020), recovered by Nov 16, 2020.

As of Aug 31, 2026, the fund held 688 securities; the ten largest made up 5.89% of assets, and 5.76% sat in cash and money-market holdings.

The bonds mature in 5.3 years on average (weighted by size), with an average coupon of 7.28%.

• Over the three months to Aug 31, 2026, investors added a net $4.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.04%, -0.30%, +1.08%.

HYUP tracks an index built by Solactive AG, which is not affiliated with DWS. The index starts with US dollar high-yield corporate bonds, also called junk bonds, which are rated below investment grade. To qualify, a bond needs at least $400 million outstanding, an issuer with at least $1 billion outstanding, an original maturity of no more than 15 years and at least a year left to run. Solactive then compares each bond's yield with the median yield of its sector and keeps only the bonds above it. Higher-yielding bonds tend to have higher beta, a measure of how much a price moves when the overall market moves.

Bonds are weighted by market value, and no single issuer can be more than 3%. The index is rebalanced monthly. The fund does not buy every bond. Instead it uses representative sampling, holding a subset chosen to behave like the index. As of August 31, 2026, it held 688 issues with an average of 5.3 years to maturity and an average coupon of 7.28%. Many are 144A bonds, which are sold privately to large institutions.

The fund held no derivatives as of that date. It may lend up to one-third of its assets to approved institutions in return for collateral.

• HYUP charges 0.2% a year, versus an average of 0.48% for the similar funds below (3rd of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $20 in the first year and $255 over 10 years (assuming a 5% annual return).

Its high monthly income comes from the most volatile slice of junk bonds, so it may suit a smaller position alongside steadier assets.

HYUP can add a high monthly income stream. Its trailing 12-month yield was 7.73% as of October 27, 2026. It costs 0.20% a year, or about $20 in the first year on $10,000 under the SEC's standard example. The trade-off is sharp drops in bad markets. The fund launched in January 2018, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 24.8% in about a month and took 7.8 months to recover. In 2022 it fell 17.7%, lost 13.3% for the calendar year and needed 17.1 months to get back to its earlier peak. Someone drawing income in a year like that might have had to sell shares well below their earlier value. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).