Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C

Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C is a physically replicating exchange-traded fund that aims to provide exposure to investment grade USD-denominated corporate bonds with a strong focus on sustainability criteria. Its primary function is to track the Bloomberg MSCI USD Liquid Investment Grade Corporate SRI PAB index, which includes bonds from both US and international issuers that meet strict environmental, social, and governance (ESG) standards. This index targets a minimum 50% reduction in greenhouse gas intensity compared to the broader market and seeks further annual reductions, aligning with Paris Agreement benchmarks. Bonds included must have at least three years remaining until maturity and maintain investment grade ratings. Launched in September 2020 and domiciled in Ireland, the ETF accumulates and reinvests interest income, offering a total expense ratio of 0.16% annually. With a diversified portfolio of nearly 2,000 holdings and significant representation from US corporate issuers, it plays a notable role for investors seeking broad, responsible exposure to the global corporate bond market while integrating advanced sustainability objectives.