DBX ETF Trust
SCHEDULE OF INVESTMENTS
Xtrackers Municipal Infrastructure Revenue Bond ETF
February 29, 2024 (Unaudited)
Principal Amount | Value | |||||||
MUNICIPAL BONDS - 98.6% | ||||||||
Arizona - 2.8% | ||||||||
City of Mesa AZ Utility System Revenue, Multiple Utility Revenue, Series A, 5.00%, 7/1/43 | $ | 500,000 | $ | 537,390 | ||||
City of Phoenix Civic Improvement Corp., Intergovernmental, Series A, 5.00%, 7/1/45 | 705,000 | 774,198 | ||||||
Salt River Project Agricultural Improvement & Power District, Electric, Power & Light Revenue, | ||||||||
Series A, 5.00%, 1/1/47 | 500,000 | 536,192 | ||||||
Series A, 3.00%, 1/1/49 | 65,000 | 51,693 | ||||||
Series B, 5.25%, 1/1/53 | 1,450,000 | 1,622,855 | ||||||
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| |||||||
(Cost $3,606,767) | 3,522,328 | |||||||
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| |||||||
California - 16.4% | ||||||||
Bay Area Toll Authority, Highway Revenue Tolls, | ||||||||
Sub-Series S-8, 3.00%, 4/1/54 | 535,000 | 405,877 | ||||||
Series F-2, 2.60%, 4/1/56 | 160,000 | 107,501 | ||||||
City of Los Angeles Department of Airports, Private Airport & Marina Revenue, | ||||||||
Series A, 5.00%, 5/15/36 | 35,000 | 39,649 | ||||||
5.00%, 5/15/37 | 45,000 | 50,608 | ||||||
Series A, 5.00%, 5/15/38 | 300,000 | 336,079 | ||||||
5.00%, 5/15/39 | 40,000 | 44,664 | ||||||
5.00%, 5/15/40 | 55,000 | 61,088 | ||||||
Series D, AMT, 5.00%, 5/15/43 | 125,000 | 130,591 | ||||||
Series A, AMT, 4.00%, 5/15/44 | 400,000 | 390,396 | ||||||
Series E, 5.00%, 5/15/44 | 25,000 | 27,019 | ||||||
Series F, AMT, 5.00%, 5/15/44 | 200,000 | 208,558 | ||||||
Series B, 5.00%, 5/15/45 | 260,000 | 290,117 | ||||||
Series C, AMT, 5.00%, 5/15/45 | 50,000 | 52,702 | ||||||
Series A, AMT, 5.00%, 5/15/46 | 600,000 | 632,569 | ||||||
Series B, 5.00%, 5/15/48 | 250,000 | 275,257 | ||||||
Series E, 5.00%, 5/15/48 | 20,000 | 21,507 | ||||||
Series F, AMT, 3.00%, 5/15/49 | 330,000 | 250,399 | ||||||
Series F, AMT, 4.00%, 5/15/49 | 200,000 | 190,259 | ||||||
Series D, AMT, 5.00%, 5/15/49 | 100,000 | 102,777 | ||||||
Series C, AMT, 4.00%, 5/15/50 | 500,000 | 473,012 | ||||||
Series A, AMT, 5.00%, 5/15/51 | 135,000 | 141,303 | ||||||
City of Sacramento CA Transient Occupancy Tax Revenue, Hotel Occupancy Tax, Series A, 5.00%, 6/1/48 | 25,000 | 26,061 | ||||||
City of San Francisco CA Public Utilities Commission Water Revenue, Water Revenue, | ||||||||
Series D, 3.00%, 11/1/50 | 340,000 | 275,165 | ||||||
Series C, 4.00%, 11/1/50 | 600,000 | 600,604 | ||||||
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, Sales Tax Revenue, Series A, 4.00%, 6/1/39 | 40,000 | 42,225 | ||||||
Los Angeles Department of Water & Power Power System Revenue, Electric, Power & Light Revenue, | ||||||||
Series B, 5.00%, 7/1/40 | 260,000 | 291,035 | ||||||
Series D, 5.00%, 7/1/44 | 125,000 | 136,079 | ||||||
Series A, 5.00%, 7/1/45 | 60,000 | 64,719 | ||||||
Series C, 5.00%, 7/1/49 | 635,000 | 684,439 | ||||||
Los Angeles Department of Water & Power Water System Revenue, Water Revenue, | ||||||||
Series A, 5.00%, 7/1/41 | 270,000 | 301,117 | ||||||
Series A, 5.00%, 7/1/50 | 210,000 | 229,133 | ||||||
Los Angeles Department of Water & Power, Electric, Power & Light Revenue, | ||||||||
Series B, 5.00%, 7/1/45 | 45,000 | 49,561 | ||||||
Series B, 5.00%, 7/1/48 | 500,000 | 549,469 | ||||||
Series A, 5.00%, 7/1/51 | 1,000,000 | 1,099,559 | ||||||
Metropolitan Water District of Southern California, Water Revenue, | ||||||||
Series C, 5.00%, 7/1/39 | 25,000 | 28,271 | ||||||
Series C, 5.00%, 7/1/40 | 100,000 | 112,428 | ||||||
Series A, 5.00%, 10/1/45 | 225,000 | 247,026 | ||||||
Riverside County Transportation Commission, Highway Revenue Tolls, 4.00%, 6/1/40 | 50,000 | 50,629 | ||||||
Series B-1, 4.00%, 6/1/46 | 10,000 | 9,783 | ||||||
Series B-1, 3.00%, 6/1/49 | 600,000 | 458,335 | ||||||
Sacramento Municipal Utility District, Electric, Power & Light Revenue, Series H, 5.00%, 8/15/50 | 40,000 | 43,539 | ||||||
San Diego County Regional Airport Authority, Private Airport & Marina Revenue, | ||||||||
Series A, 5.00%, 7/1/49 | 200,000 | 213,361 | ||||||
Series B, AMT, 4.00%, 7/1/51 | 250,000 | 234,198 | ||||||
Series A, 5.00%, 7/1/51 | 500,000 | 542,700 | ||||||
Series B, AMT, 5.00%, 7/1/51 | 500,000 | 518,914 | ||||||
Series A, 5.00%, 7/1/56 | 1,300,000 | 1,401,028 | ||||||
San Francisco City & County Airport Commission-San Francisco International Airport, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 5.00%, 5/1/37 | 515,000 | 549,017 | ||||||
Series A, AMT, 5.00%, 5/1/39 | 50,000 | 52,873 | ||||||
AMT, 5.00%, 5/1/43 | 320,000 | 330,816 | ||||||
Series A, AMT, 5.00%, 5/1/44 | 810,000 | 844,429 | ||||||
Series E, AMT, 5.00%, 5/1/45 | 1,225,000 | 1,274,250 | ||||||
Series D, AMT, 5.00%, 5/1/48 | 75,000 | 76,962 | ||||||
Series E, 5.00%, 5/1/48 | 25,000 | 26,335 | ||||||
Series D, AMT, 5.25%, 5/1/48 | 870,000 | 901,628 | ||||||
Series A, AMT, 4.00%, 5/1/49 | 1,000,000 | 946,933 | ||||||
Series A, AMT, 5.00%, 5/1/49 | 400,000 | 413,019 | ||||||
Series E, AMT, 5.00%, 5/1/50 | 370,000 | 381,557 | ||||||
Series F, 5.00%, 5/1/50 | 900,000 | 960,242 |
San Francisco Municipal Transportation Agency, Transit Revenue, | ||||||||
Series C, 4.00%, 3/1/51 | 40,000 | 39,677 | ||||||
Series C, 5.00%, 3/1/51 | 500,000 | 531,190 | ||||||
Southern California Public Power Authority, Natural Gas Revenue, Series A, 5.00%, 11/1/33 | 470,000 | 507,244 | ||||||
State of California Department of Water Resources, Water Revenue, | ||||||||
Series BB, 5.00%, 12/1/34 | 25,000 | 29,240 | ||||||
Series BB, 5.00%, 12/1/35 | 45,000 | 52,398 | ||||||
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| |||||||
(Cost $22,383,374) | 20,359,120 | |||||||
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| |||||||
Colorado - 3.3% | ||||||||
Arkansas River Power Authority, Electric, Power & Light Revenue, Series A, 5.00%, 10/1/43 | 215,000 | 219,160 | ||||||
City & County of Denver Co. Airport System Revenue, Private Airport & Marina Revenue, | ||||||||
Sub-Series A, AMT, 5.00%, 12/1/36 | 300,000 | 343,131 | ||||||
Series A, AMT, 5.00%, 12/1/37 | 20,000 | 20,994 | ||||||
Series A, AMT, 5.00%, 12/1/38 | 320,000 | 334,633 | ||||||
Series A, AMT, 4.00%, 12/1/43 | 650,000 | 629,574 | ||||||
Series A, AMT, 5.00%, 12/1/43 | 325,000 | 336,249 | ||||||
Series A, AMT, 5.00%, 12/1/48 | 700,000 | 720,026 | ||||||
Sub-Series B, 5.00%, 12/1/48 | 40,000 | 42,161 | ||||||
Series D, 5.00%, 11/15/53 | 600,000 | 628,613 | ||||||
City & County of Denver Co. Dedicated Excise Tax Revenue, Hotel Occupancy Tax, Series A, 4.00%, 8/1/51 | 700,000 | 680,860 | ||||||
City of Colorado Springs CO Utilities System Revenue, Multiple Utility Revenue, Series B, 4.00%, 11/15/51 | 100,000 | 97,795 | ||||||
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| |||||||
(Cost $4,308,920) | 4,053,196 | |||||||
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| |||||||
Connecticut - 0.3% | ||||||||
State of Connecticut Special Tax Revenue, Fuel Sales Tax Revenue, | ||||||||
5.00%, 5/1/34 | 25,000 | 28,360 | ||||||
5.00%, 5/1/37 | 100,000 | 111,314 | ||||||
5.00%, 5/1/38 | 100,000 | 110,669 | ||||||
5.00%, 5/1/40 | 120,000 | 131,709 | ||||||
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| |||||||
(Cost $414,399) | 382,052 | |||||||
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| |||||||
Delaware - 0.3% | ||||||||
Delaware River & Bay Authority, Highway Revenue Tolls, 4.00%, 1/1/44 | ||||||||
(Cost $324,011) | 330,000 | 326,927 | ||||||
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| |||||||
District of Columbia - 4.1% | ||||||||
District of Columbia Water & Sewer Authority, Water Revenue, Series B, 5.00%, 10/1/49 | 250,000 | 261,652 | ||||||
District of Columbia, Income Tax Revenue, | ||||||||
Series C, 4.00%, 5/1/45 | 500,000 | 498,361 | ||||||
Series C, 5.00%, 5/1/45 | 170,000 | 183,998 | ||||||
Metropolitan Washington Airports Authority Aviation Revenue, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 5.00%, 10/1/46 | 850,000 | 898,234 | ||||||
Series A, AMT, 5.00%, 10/1/48 | 175,000 | 179,999 | ||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Highway Revenue Tolls, | ||||||||
Series B, 4.00%, 10/1/44 | 1,000,000 | 986,605 | ||||||
Series B, 5.00%, 10/1/47 | 500,000 | 518,426 | ||||||
Series B, 4.00%, 10/1/49 | 300,000 | 282,175 | ||||||
Series B, 3.00%, 10/1/50 | 600,000 | 459,491 | ||||||
Series B, 4.00%, 10/1/53 | 900,000 | 830,235 | ||||||
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| |||||||
(Cost $5,685,628) | 5,099,176 | |||||||
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Florida - 9.5% | ||||||||
Broward County FL Water & Sewer Utility Revenue, Water Revenue, Series A, 4.00%, 10/1/47 | 240,000 | 236,381 | ||||||
Central Florida Expressway Authority, Highway Revenue Tolls, Series D, 5.00%, 7/1/35 | 40,000 | 45,610 | ||||||
City of Gainesville FL Utilities System Revenue, Multiple Utility Revenue, | ||||||||
Series A, 5.00%, 10/1/44 | 380,000 | 405,040 | ||||||
Series A, 5.00%, 10/1/47 | 215,000 | 227,668 | ||||||
City of Tampa Fl Water & Wastewater System Revenue, Water Revenue, Series A, 5.25%, 10/1/57 | 300,000 | 330,997 | ||||||
City of Tampa FL Water & Wastewater System Revenue, Water Revenue, Series A, 5.00%, 10/1/54 | 1,000,000 | 1,068,318 | ||||||
County of Broward FL Airport System Revenue, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 4.00%, 10/1/44 | 100,000 | 96,235 | ||||||
Series A, AMT, 4.00%, 10/1/49 | 150,000 | 140,868 | ||||||
County of Broward Fl Port Facilities Revenue, Private Airport & Marina Revenue, Series B, 4.00%, 9/1/49 | 55,000 | 51,627 | ||||||
County of Broward FL Port Facilities Revenue, Private Airport & Marina Revenue, Series B, AMT, 4.00%, 9/1/44 | 500,000 | 492,344 | ||||||
County of Miami-Dade FL Aviation Revenue, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 4.00%, 10/1/44 | 400,000 | 378,643 | ||||||
Series A, AMT, 5.00%, 10/1/44 | 1,000,000 | 1,037,513 | ||||||
Series A, AMT, 5.00%, 10/1/49 | 380,000 | 390,230 |
County of Miami-Dade FL Transit System, Sales Tax Revenue, | ||||||||
Series A, 4.00%, 7/1/49 | 500,000 | 485,887 | ||||||
Series A, 4.00%, 7/1/50 | 90,000 | 86,945 | ||||||
County of Miami-Dade Fl Water & Sewer System Revenue, Water Revenue, 4.00%, 10/1/51 | 100,000 | 96,250 | ||||||
County of Miami-Dade FL Water & Sewer System Revenue, Water Revenue, | ||||||||
Series B, 4.00%, 10/1/44 | 475,000 | 477,082 | ||||||
4.00%, 10/1/46 | 255,000 | 253,155 | ||||||
4.00%, 10/1/48 | 400,000 | 392,091 | ||||||
4.00%, 10/1/48 | 40,000 | 39,173 | ||||||
Series B, 4.00%, 10/1/49 | 500,000 | 488,931 | ||||||
4.00%, 10/1/51 | 275,000 | 265,555 | ||||||
County of Miami-Dade Seaport Department, Private Airport & Marina Revenue, Series A, 5.25%, 10/1/52 | 300,000 | 318,156 | ||||||
County of Osceola Fl Transportation Revenue, Highway Revenue Tolls, Series A-1, 4.00%, 10/1/54 | 400,000 | 360,197 | ||||||
Greater Orlando Aviation Authority, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 5.00%, 10/1/44 | 165,000 | 171,688 | ||||||
Series A, AMT, 4.00%, 10/1/49 | 500,000 | 472,496 | ||||||
Series A, AMT, 4.00%, 10/1/52 | 300,000 | 279,190 | ||||||
Sub-Series A, AMT, 5.00%, 10/1/52 | 605,000 | 615,662 | ||||||
Series A, AMT, 3.25%, 10/1/54 | 250,000 | 192,683 | ||||||
Hillsborough County Aviation Authority, Private Airport & Marina Revenue, Series F, 5.00%, 10/1/48 | 195,000 | 205,200 | ||||||
Hillsborough County Aviation Authority, Private Airport & Marina Revenue, Series A, AMT, 4.00%, 10/1/52 | 500,000 | 465,317 | ||||||
JEA Water & Sewer System Revenue, Water Revenue, Series A, 5.25%, 10/1/49 | 500,000 | 561,191 | ||||||
Putnam County Development Authority, Electric, Power & Light Revenue, 5.00%, 3/15/42 | 40,000 | 41,634 | ||||||
State of Florida Department of Transportation Turnpike System Revenue, Highway Revenue Tolls, Series C, 3.00%, 7/1/46 | 200,000 | 164,017 | ||||||
Tampa-Hillsborough County Expressway Authority, Highway Revenue Tolls, Series B, 4.00%, 7/1/42 | 400,000 | 391,174 | ||||||
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(Cost $12,759,600) | 11,725,148 | |||||||
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Georgia - 2.7% | ||||||||
City of Atlanta GA Department of Aviation, Private Airport & Marina Revenue, Series B, AMT, 4.00%, 7/1/49 | 200,000 | 189,053 | ||||||
Development Authority of Burke County, Electric, Power & Light Revenue, | ||||||||
Series C, 4.125%, 11/1/45 | 25,000 | 23,461 | ||||||
Series D, 4.125%, 11/1/45 | 355,000 | 333,148 | ||||||
Georgia Ports Authority, Private Airport & Marina Revenue, 4.00%, 7/1/51 | 765,000 | 752,522 | ||||||
Georgia Ports Authority, Private Airport & Marina Revenue, 4.00%, 7/1/52 | 320,000 | 313,592 | ||||||
Main Street Natural Gas, Inc., Natural Gas Revenue, Series A, 5.00%, 5/15/43 | 30,000 | 30,776 | ||||||
Municipal Electric Authority of Georgia, Nuclear Revenue, | ||||||||
Series A, 5.00%, 1/1/62 | 500,000 | 513,818 | ||||||
Series A, 4.50%, 7/1/63 | 400,000 | 399,620 | ||||||
Series A, 5.50%, 7/1/63 | 750,000 | 790,633 | ||||||
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(Cost $3,384,720) | 3,346,623 | |||||||
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Hawaii - 0.8% | ||||||||
State of Hawaii Airports System Revenue, Private Airport & Marina Revenue, Series A, AMT, 5.00%, 7/1/43 | 400,000 | 412,734 | ||||||
State of Hawaii Airports System Revenue, Private Airport & Marina Revenue, Series A, AMT, 5.00%, 7/1/51 | 500,000 | 522,839 | ||||||
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(Cost $965,514) | 935,573 | |||||||
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Illinois - 6.1% | ||||||||
Chicago O’hare International Airport, Private Airport & Marina Revenue, | ||||||||
Series A, 4.50%, 1/1/48 | 570,000 | 573,142 | ||||||
Series A, 5.00%, 1/1/48 | 200,000 | 205,551 | ||||||
Series A, AMT, 5.00%, 1/1/55 | 500,000 | 514,481 | ||||||
Chicago O’Hare International Airport, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 4.00%, 1/1/43 | 115,000 | 112,373 | ||||||
Series B, 5.00%, 1/1/48 | 1,285,000 | 1,353,218 | ||||||
Series B, 4.00%, 1/1/53 | 130,000 | 127,052 | ||||||
Series A, AMT, 4.375%, 1/1/53 | 25,000 | 24,358 | ||||||
Series B, 5.00%, 1/1/53 | 500,000 | 523,389 | ||||||
Chicago Transit Authority Sales Tax Receipts Fund, Sales Tax Revenue, | ||||||||
Series A, 5.00%, 12/1/52 | 160,000 | 164,865 | ||||||
Series A, 5.00%, 12/1/57 | 1,200,000 | 1,232,863 | ||||||
City of Chicago Il Wastewater Transmission Revenue, Sewer Revenue, Series A, 5.25%, 1/1/48 | 85,000 | 93,229 | ||||||
City of Chicago IL Waterworks Revenue, Water Revenue, Series A, 5.50%, 11/1/62 | 200,000 | 220,789 | ||||||
Illinois State Toll Highway Authority, Highway Revenue Tolls, | ||||||||
Series A, 5.00%, 1/1/41 | 30,000 | 33,124 | ||||||
Series A, 4.00%, 1/1/44 | 700,000 | 697,106 |
Series A, 5.00%, 1/1/44 | 800,000 | 852,989 | ||||||
Series A, 5.00%, 1/1/45 | 775,000 | 836,486 | ||||||
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| |||||||
(Cost $7,853,272) | 7,565,015 | |||||||
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Louisiana - 0.9% | ||||||||
East Baton Rouge Sewerage Commission, Sewer Revenue, Series A, 4.00%, 2/1/45 | 245,000 | 243,936 | ||||||
Jefferson Sales Tax District, Sales Tax Revenue, Series B, 4.00%, 12/1/42 | 115,000 | 113,719 | ||||||
Louisiana Stadium & Exposition District, Hotel Occupancy Tax, | ||||||||
Series A, 5.00%, 7/1/48 | 450,000 | 487,408 | ||||||
Series A, 5.25%, 7/1/53 | 210,000 | 230,566 | ||||||
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| |||||||
(Cost $1,112,952) | 1,075,629 | |||||||
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Maine - 0.0% | ||||||||
Maine Turnpike Authority, Highway Revenue Tolls, 5.00%, 7/1/47 | ||||||||
(Cost $44,712) | 40,000 | 42,018 | ||||||
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Maryland - 0.5% | ||||||||
Maryland State Transportation Authority, Highway Revenue Tolls, 4.00%, 7/1/50 | ||||||||
(Cost $741,116) | 650,000 | 641,955 | ||||||
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Massachusetts - 1.6% | ||||||||
Commonwealth of Massachusetts, Hotel Occupancy Tax, 5.50%, 1/1/34 | 185,000 | 215,747 | ||||||
Massachusetts Bay Transportation Authority Sales Tax Revenue, Sales Tax Revenue, | ||||||||
Series B-1, 5.00%, 7/1/50 | 35,000 | 36,592 | ||||||
Series A-1, 4.00%, 7/1/51 | 205,000 | 201,988 | ||||||
Massachusetts Port Authority, Private Airport & Marina Revenue, | ||||||||
Series C, AMT, 5.00%, 7/1/44 | 400,000 | 416,522 | ||||||
Series E, AMT, 5.00%, 7/1/46 | 500,000 | 526,265 | ||||||
Series E, AMT, 5.00%, 7/1/51 | 505,000 | 526,030 | ||||||
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| |||||||
(Cost $2,104,045) | 1,923,144 | |||||||
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Michigan - 1.2% | ||||||||
Lansing Board of Water & Light, Electric, Power & Light Revenue, | ||||||||
Series A, 5.00%, 7/1/44 | 600,000 | 640,148 | ||||||
Series A, 5.00%, 7/1/48 | 90,000 | 95,264 | ||||||
State of Michigan Trunk Line Revenue, Fuel Sales Tax Revenue, | ||||||||
Series B, 4.00%, 11/15/45 | 800,000 | 805,729 | ||||||
(Cost $1,655,795) | 1,541,141 | |||||||
Nevada - 1.5% | ||||||||
City of Reno NV, Sales Tax Revenue, Series A, 4.00%, 6/1/58 | 145,000 | 133,224 | ||||||
County of Clark NV, Fuel Sales Tax Revenue, 4.00%, 7/1/40 | 500,000 | 507,475 | ||||||
County of Washoe NV, Fuel Sales Tax Revenue, 5.00%, 2/1/42 | 50,000 | 52,947 | ||||||
Las Vegas Convention & Visitors Authority, Hotel Occupancy Tax, | ||||||||
Series B, 5.00%, 7/1/43 | 840,000 | 887,370 | ||||||
Series B, 4.00%, 7/1/49 | 290,000 | 273,163 | ||||||
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| |||||||
(Cost $1,891,741) | 1,854,179 | |||||||
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| |||||||
New Jersey - 1.6% | ||||||||
New Jersey Turnpike Authority, Highway Revenue Tolls, | ||||||||
Series G, 4.00%, 1/1/43 | 550,000 | 550,124 | ||||||
Series A, 4.00%, 1/1/48 | 45,000 | 44,674 | ||||||
Series A, 5.00%, 1/1/48 | 740,000 | 784,219 | ||||||
Series B, 5.25%, 1/1/52 | 405,000 | 452,627 | ||||||
South Jersey Transportation Authority, Highway Revenue Tolls, Series A, 4.625%, 11/1/47 | 100,000 | 101,889 | ||||||
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| |||||||
(Cost $1,923,654) | 1,933,533 | |||||||
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New York - 21.7% | ||||||||
Battery Park City Authority, Miscellaneous Revenue, Series A, 5.00%, 11/1/53 | 225,000 | 248,849 | ||||||
Metropolitan Transportation Authority, Transit Revenue, | ||||||||
Series C-1, 4.00%, 11/15/38 | 180,000 | 180,780 | ||||||
Series D, 4.00%, 11/15/42 | 430,000 | 421,977 | ||||||
Series A, Sub-Series A-2, 5.00%, 11/15/44 | 100,000 | 104,360 | ||||||
Series E, 4.00%, 11/15/45 | 1,000,000 | 978,631 | ||||||
Series C-1, 4.75%, 11/15/45 | 500,000 | 514,843 | ||||||
Sub-Series A, 5.00%, 11/15/45 | 75,000 | 78,067 | ||||||
Series D, 4.00%, 11/15/46 | 790,000 | 761,952 | ||||||
Series D-2, 4.00%, 11/15/48 | 630,000 | 607,955 | ||||||
Series A-1-GROUP 1, 5.00%, 11/15/48 | 600,000 | 630,016 | ||||||
Series D-3, 4.00%, 11/15/49 | 140,000 | 134,505 | ||||||
Series A-1, 4.00%, 11/15/50 | 35,000 | 34,158 | ||||||
Series D-3, 4.00%, 11/15/50 | 250,000 | 239,331 | ||||||
Series C-1, 5.00%, 11/15/50 | 700,000 | 732,706 | ||||||
Series A-1, 4.00%, 11/15/52 | 550,000 | 521,977 | ||||||
Series B, 5.00%, 11/15/52 | 115,000 | 119,087 | ||||||
Series C-1, 5.25%, 11/15/55 | 500,000 | 529,752 | ||||||
New York City Municipal Water Finance Authority, Water Revenue, | ||||||||
Series FF, 5.00%, 6/15/39 | 35,000 | 37,527 | ||||||
Series EE-2, 4.00%, 6/15/40 | 30,000 | 30,381 | ||||||
Series AA, 5.00%, 6/15/40 | 95,000 | 103,647 | ||||||
Sub-Series EE-2, 5.00%, 6/15/40 | 535,000 | 579,830 | ||||||
4.00%, 6/15/42 | 400,000 | 403,603 | ||||||
Series AA-2, 4.00%, 6/15/42 | 100,000 | 100,964 | ||||||
Series BB2, 4.00%, 6/15/42 | 40,000 | 40,386 | ||||||
Series CC-2, 4.00%, 6/15/42 | 25,000 | 25,235 |
Series BB-1, 5.00%, 6/15/44 | 140,000 | 154,820 | ||||||
Series BB-1, 4.00%, 6/15/45 | 255,000 | 255,184 | ||||||
Series GG-1, 5.00%, 6/15/48 | 210,000 | 225,350 | ||||||
Series BB-1, 4.00%, 6/15/49 | 200,000 | 195,939 | ||||||
Series CC-1, 4.00%, 6/15/49 | 200,000 | 195,631 | ||||||
Series FF-1, 4.00%, 6/15/49 | 15,000 | 14,695 | ||||||
Series BB-1, 5.00%, 6/15/49 | 270,000 | 288,265 | ||||||
Series DD-1, 5.00%, 6/15/49 | 400,000 | 421,364 | ||||||
Series DD-1, 5.25%, 6/15/49 | 70,000 | 74,455 | ||||||
Series BB-1, 4.00%, 6/15/50 | 285,000 | 279,375 | ||||||
Series GG-1, 4.00%, 6/15/50 | 305,000 | 298,981 | ||||||
Sub-Series DD-1, 4.00%, 6/15/50 | 600,000 | 588,159 | ||||||
Series AA-1, 5.00%, 6/15/50 | 140,000 | 150,238 | ||||||
Series AA-1, 3.00%, 6/15/51 | 300,000 | 234,227 | ||||||
Series CC-1, 5.00%, 6/15/51 | 250,000 | 269,149 | ||||||
Series CC-1, 5.00%, 6/15/52 | 400,000 | 431,838 | ||||||
Series AA-1, 5.25%, 6/15/52 | 280,000 | 310,713 | ||||||
Sub-Series AA-1, 5.25%, 6/15/53 | 200,000 | 223,578 | ||||||
New York Power Authority, Electric, Power & Light Revenue, | ||||||||
Series A, 4.00%, 11/15/45 | 35,000 | 34,699 | ||||||
Series A, 4.00%, 11/15/47 | 115,000 | 113,871 | ||||||
Series A, 4.00%, 11/15/50 | 75,000 | 73,872 | ||||||
Series A, 4.00%, 11/15/55 | 1,050,000 | 1,014,259 | ||||||
Series A, 3.25%, 11/15/60 | 1,150,000 | 892,449 | ||||||
Series A, 4.00%, 11/15/60 | 675,000 | 645,576 | ||||||
New York State Environmental Facilities Corp., Water Revenue, Series A, 5.00%, 6/15/51 | 500,000 | 544,127 | ||||||
New York Transportation Development Corp., Private Airport & Marina Revenue, | ||||||||
6.00%, 6/30/54 | 500,000 | 550,735 | ||||||
5.125%, 6/30/60 | 2,100,000 | 2,203,023 | ||||||
5.375%, 6/30/60 | 1,500,000 | 1,574,814 | ||||||
Port Authority of New York & New Jersey, Private Airport & Marina Revenue, Series 224, 4.00%, 7/15/51 | 15,000 | 14,737 | ||||||
Triborough Bridge & Tunnel Authority Sales Tax Revenue, Sales Tax Revenue, | ||||||||
Series A, 4.00%, 5/15/48 | 360,000 | 351,153 | ||||||
Series A, 4.00%, 5/15/57 | 1,000,000 | 963,473 | ||||||
Series A, 4.25%, 5/15/58 | 600,000 | 600,202 | ||||||
Series A, 4.50%, 5/15/63 | 450,000 | 454,541 | ||||||
Triborough Bridge & Tunnel Authority, Fuel Sales Tax Revenue, Series D-2, 5.50%, 5/15/52 | 650,000 | 733,193 | ||||||
Triborough Bridge & Tunnel Authority, Miscellaneous Taxes, | ||||||||
Series C-1A, 4.00%, 5/15/46 | 600,000 | 587,841 | ||||||
Series C-3, 3.00%, 5/15/51 | 600,000 | 457,295 | ||||||
Series A-1, 5.00%, 5/15/51 | 2,000,000 | 2,144,085 | ||||||
Series C-1A, 5.00%, 5/15/51 | 225,000 | 242,180 | ||||||
|
| |||||||
(Cost $28,647,053) | 26,968,605 | |||||||
|
| |||||||
North Carolina - 0.2% | ||||||||
County of Union NC Enterprise System Revenue, Water Revenue, 3.00%, 6/1/51 | ||||||||
(Cost $241,524) | 300,000 | 234,084 | ||||||
|
| |||||||
Ohio - 0.5% | ||||||||
Franklin County Convention Facilities Authority, Industrial Revenue, 5.00%, 12/1/51 | 100,000 | 94,417 | ||||||
Ohio Turnpike & Infrastructure Commission, Highway Revenue Tolls, | ||||||||
Series A, 4.00%, 2/15/46 | 10,000 | 9,859 | ||||||
Series A, 5.00%, 2/15/46 | 275,000 | 297,636 | ||||||
Ohio Water Development Authority, Intergovernmental, 5.00%, 6/1/46 | 225,000 | 248,308 | ||||||
|
| |||||||
(Cost $719,778) | 650,220 | |||||||
|
| |||||||
Oklahoma - 0.3% | ||||||||
Oklahoma Turnpike Authority Highway Revenue Tolls, 5.50%, 1/1/53 | ||||||||
(Cost $331,909) | 300,000 | 334,419 | ||||||
|
| |||||||
Oregon - 0.8% | ||||||||
Port of Portland Or Airport Revenue, Private Airport & Marina Revenue, Series 28, AMT, 5.00%, 7/1/52 | 100,000 | 104,777 | ||||||
Port of Portland OR Airport Revenue, Private Airport & Marina Revenue, | ||||||||
Series 25B, AMT, 5.00%, 7/1/44 | 315,000 | 327,248 | ||||||
Series 28, AMT, 4.00%, 7/1/47 | 500,000 | 478,740 | ||||||
State of Oregon Department of Transportation, Fuel Sales Tax Revenue, Series A, 4.00%, 11/15/42 | 60,000 | 60,971 | ||||||
|
| |||||||
(Cost $986,678) | 971,736 | |||||||
|
| |||||||
Pennsylvania - 6.2% | ||||||||
Allegheny County Airport Authority, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 4.00%, 1/1/46 | 700,000 | 676,224 | ||||||
Series A, AMT, 5.00%, 1/1/51 | 500,000 | 516,315 | ||||||
Series A, AMT, 4.00%, 1/1/56 | 500,000 | 448,184 | ||||||
Chester County Industrial Development Authority, Recreational Revenue, 4.00%, 12/1/51 | 245,000 | 237,197 | ||||||
City of Philadelphia PA Water & Wastewater, Water Revenue, | ||||||||
Series A, 5.00%, 10/1/43 | 25,000 | 26,442 | ||||||
Series A, 5.00%, 11/1/45 | 515,000 | 554,956 | ||||||
Series A, 5.00%, 10/1/48 | 35,000 | 36,801 | ||||||
Series A, 5.00%, 11/1/50 | 500,000 | 534,013 | ||||||
Pennsylvania Turnpike Commission, Fran. Tax & Bus. LIC Fees, | ||||||||
Series B, 5.00%, 12/1/43 | 115,000 | 120,692 | ||||||
Series A, 5.25%, 12/1/44 | 565,000 | 603,977 | ||||||
Series A, 5.00%, 12/1/48 | 480,000 | 504,321 |
Pennsylvania Turnpike Commission, Highway Revenue Tolls, | ||||||||
Series A, 5.00%, 12/1/44 | 230,000 | 246,667 | ||||||
Series A, 4.00%, 12/1/46 | 20,000 | 19,742 | ||||||
Series B, 4.00%, 12/1/46 | 390,000 | 384,963 | ||||||
Series C, 5.00%, 12/1/46 | 45,000 | 49,039 | ||||||
Series A, 5.00%, 12/1/47 | 55,000 | 59,200 | ||||||
Sub-Series A, 4.00%, 12/1/49 | 285,000 | 282,390 | ||||||
Series A, 5.00%, 12/1/49 | 15,000 | 15,835 | ||||||
Series A, 4.00%, 12/1/50 | 255,000 | 245,498 | ||||||
Series B, 5.00%, 12/1/50 | 1,705,000 | 1,824,137 | ||||||
Series A, 4.00%, 12/1/51 | 65,000 | 63,451 | ||||||
Series B, 4.00%, 12/1/51 | 300,000 | 287,595 | ||||||
Series B, 5.00%, 12/1/51 | 15,000 | 16,095 | ||||||
|
| |||||||
(Cost $8,415,559) | 7,753,734 | |||||||
|
| |||||||
South Carolina - 1.0% | ||||||||
South Carolina Ports Authority, Private Airport & Marina Revenue, Series B, 4.00%, 7/1/49 | 200,000 | 191,123 | ||||||
South Carolina Public Service Authority, Electric, Power & Light Revenue, | ||||||||
Series A, 4.00%, 12/1/42 | 475,000 | 464,454 | ||||||
Series A, 4.00%, 12/1/52 | 600,000 | 555,721 | ||||||
|
| |||||||
(Cost $1,260,116) | 1,211,298 | |||||||
|
| |||||||
Tennessee - 1.8% | ||||||||
Metropolitan Government of Nashville & Davidson County TN Electric Revenue, Electric, Power & Light Revenue, Series A, 5.00%, 5/15/46 | 245,000 | 266,893 | ||||||
Metropolitan Nashville Airport Authority, Private Airport & Marina Revenue, | ||||||||
Series B, AMT, 5.00%, 7/1/49 | 125,000 | 129,522 | ||||||
Series B, AMT, 4.00%, 7/1/54 | 550,000 | 500,069 | ||||||
Series A, 5.00%, 7/1/54 | 805,000 | 844,737 | ||||||
Series B, AMT, 5.00%, 7/1/54 | 500,000 | 516,241 | ||||||
|
| |||||||
(Cost $2,488,009) | 2,257,462 | |||||||
|
| |||||||
Texas - 6.8% | ||||||||
Central Texas Regional Mobility Authority, Highway Revenue Tolls, | ||||||||
Series E, 5.00%, 1/1/45 | 100,000 | 105,169 | ||||||
Series B, 5.00%, 1/1/46 | 300,000 | 317,017 | ||||||
Series B, 4.00%, 1/1/51 | 50,000 | 47,627 | ||||||
City of Austin TX Electric Utility Revenue, Electric, Power & Light Revenue, | ||||||||
Series B, 5.00%, 11/15/44 | 125,000 | 134,345 | ||||||
Series B, 5.00%, 11/15/49 | 125,000 | 132,181 | ||||||
City of Austin TX Water & Wastewater System Revenue, Water Revenue, Series C, 5.00%, 11/15/50 | 305,000 | 325,093 | ||||||
City of Dallas TX Waterworks & Sewer System Revenue, Water Revenue, Series C, 4.00%, 10/1/49 | 110,000 | 108,521 | ||||||
City of Georgetown TX Utility System Revenue, Multiple Utility Revenue, 4.25%, 8/15/47 | 500,000 | 498,091 | ||||||
City of Houston TX Airport System Revenue, Private Airport & Marina Revenue, Sub-Series A, AMT, 4.00%, 7/1/46 | 575,000 | 548,801 | ||||||
City of Houston TX Combined Utility System, Water Revenue, | ||||||||
Series C, 4.00%, 11/15/43 | 165,000 | 163,768 | ||||||
Series D, 5.00%, 11/15/43 | 30,000 | 31,765 | ||||||
Series C, 3.00%, 11/15/47 | 145,000 | 115,456 | ||||||
Series C, 4.00%, 11/15/49 | 55,000 | 53,993 | ||||||
City of Lubbock TX Electric Light & Power System Revenue, Electric, Power & Light Revenue, 4.00%, 4/15/51 | 400,000 | 385,725 | ||||||
City of San Antonio TX Electric & Gas Systems Revenue, Electric, Power & Light Revenue, Series A, 5.00%, 2/1/46 | 260,000 | 278,870 | ||||||
Dallas Fort Worth International Airport, Private Airport & Marina Revenue, 4.00%, 11/1/35 | 85,000 | 89,104 | ||||||
Harris County Toll Road Authority, Highway Revenue Tolls, | ||||||||
Series A, 4.00%, 8/15/48 | 555,000 | 540,145 | ||||||
4.00%, 8/15/50 | 670,000 | 643,830 | ||||||
Harris County-Houston Sports Authority, Hotel Occupancy Tax, Series A, 3.125%, 11/15/56 | 110,000 | 82,997 | ||||||
Lower Colorado River Authority, Intergovernmental, 5.00%, 5/15/47 | 250,000 | 268,770 | ||||||
North Fort Bend Water Authority, Water Revenue, Series A, 4.00%, 12/15/58 | 200,000 | 185,982 | ||||||
North Texas Tollway Authority, Highway Revenue Tolls, | ||||||||
Series A, 5.00%, 1/1/38 | 65,000 | 70,549 | ||||||
Series A, 5.00%, 1/1/48 | 500,000 | 520,472 | ||||||
4.25%, 1/1/49 | 30,000 | 29,712 | ||||||
Series B, 3.00%, 1/1/51 | 250,000 | 189,714 | ||||||
Port Authority of Houston of Harris County Texas, Private Airport & Marina Revenue, 5.00%, 10/1/53 | 650,000 | 707,465 | ||||||
San Antonio Water System, Water Revenue, | ||||||||
Series A, 5.00%, 5/15/46 | 25,000 | 26,954 | ||||||
Series A, 4.00%, 5/15/51 | 335,000 | 326,104 | ||||||
Texas Water Development Board, Water Revenue, | ||||||||
4.00%, 10/15/45 | 320,000 | 322,154 | ||||||
4.00%, 4/15/51 | 525,000 | 512,065 | ||||||
Series A, 5.00%, 10/15/58 | 600,000 | 653,227 |
West Harris County Regional Water Authority, Water Revenue, 3.00%, 12/15/58 | 85,000 | 60,387 | ||||||
|
| |||||||
(Cost $9,298,715) | 8,476,053 | |||||||
|
| |||||||
Utah - 2.0% | ||||||||
City of Salt Lake City UT Airport Revenue, Private Airport & Marina Revenue, | ||||||||
Series A, AMT, 5.00%, 7/1/43 | 400,000 | 412,735 | ||||||
Series A, AMT, 5.00%, 7/1/48 | 750,000 | 768,848 | ||||||
Series A, AMT, 5.25%, 7/1/48 | 225,000 | 233,119 | ||||||
Intermountain Power Agency, Electric, Power & Light Revenue, Series A, 5.00%, 7/1/42 | 1,000,000 | 1,106,350 | ||||||
|
| |||||||
(Cost $2,553,307) | 2,521,052 | |||||||
|
| |||||||
Virginia - 1.2% | ||||||||
Hampton Roads Transportation Accountability Commission, Appropriations, | ||||||||
Series A, 4.00%, 7/1/45 | 275,000 | 276,412 | ||||||
Series A, 5.00%, 7/1/50 | 40,000 | 42,641 | ||||||
Series A, 4.00%, 7/1/55 | 700,000 | 676,311 | ||||||
Series A, 5.00%, 7/1/60 | 500,000 | 527,818 | ||||||
|
| |||||||
(Cost $1,748,274) | 1,523,182 | |||||||
|
| |||||||
Washington - 2.1% | ||||||||
Central Puget Sound Regional Transit Authority, Sales Tax Revenue, | ||||||||
Series S-1, 4.00%, 11/1/40 | 20,000 | 20,512 | ||||||
Series S-1, 4.00%, 11/1/46 | 700,000 | 698,937 | ||||||
County of King WA Sewer Revenue, Sewer Revenue, Series A, 4.00%, 1/1/52 | 500,000 | 487,929 | ||||||
Energy Northwest, Nuclear Revenue, Series A, 5.00%, 7/1/38 | 300,000 | 327,036 | ||||||
Port of Seattle WA, Private Airport & Marina Revenue, | ||||||||
AMT, 5.00%, 4/1/44 | 500,000 | 520,369 | ||||||
Series B, AMT, 5.00%, 8/1/47 | 500,000 | 529,575 | ||||||
|
| |||||||
(Cost $2,754,332) | 2,584,358 | |||||||
|
| |||||||
West Virginia - 0.2% | ||||||||
West Virginia Parkways Authority, Highway Revenue Tolls, 5.00%, 6/1/47 | ||||||||
(Cost $308,963) | 250,000 | 270,778 | ||||||
|
| |||||||
Wisconsin - 0.2% | ||||||||
Wisconsin Health & Educational Facilities Authority, Electric, Power & Light Revenue, 5.00%, 4/1/44 | ||||||||
(Cost $264,641) | 245,000 | 254,086 | ||||||
|
| |||||||
TOTAL MUNICIPAL BONDS (Cost $131,179,078) | 122,337,824 | |||||||
|
| |||||||
TOTAL INVESTMENTS - 98.6% (Cost $131,179,078) | $ | 122,337,824 | ||||||
Other assets and liabilities, net - 1.4% | 1,749,521 | |||||||
|
| |||||||
NET ASSETS - 100.0% | $ | 124,087,345 | ||||||
|
|
For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.
AMT: | Alternative Minimum Tax |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of February 29, 2024 in valuing the Fund’s investments.
Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Municipal Bonds(a) | $ | — | $ | 122,337,824 | $ | — | $ | 122,337,824 | ||||||||
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|
|
|
|
|
|
| |||||||||
TOTAL | $ | — | $ | 122,337,824 | $ | — | $ | 122,337,824 | ||||||||
|
|
|
|
|
|
|
|
(a) | See Schedule of Investments for additional detailed categorizations. |
OBTAIN A FUND PROSPECTUS
To obtain a summary prospectus, or prospectus, download one from www.Xtrackers.com, talk to your financial representative or call (855) 329-3837. Investing involves risk, including the possible loss of principal. We advise you to carefully consider the product’s objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest. Xtrackers ETFs (“ETFs”) are managed by DBX Advisors LLC (the “Adviser”), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of DWS Group GmbH & Co. KGaA, and is not affiliated with ALPS. Shares are not individually redeemable, and owners of Shares may acquire those Shares from the Fund, or tender such Shares for redemption to the Fund, in Creation Units only.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
RVNU-PH3
R-089711-1 (5/24) DBX005195 (5/24)