DBX to launch db X-trackers Municipal Infrastructure Revenue Fund

By Toni Weeks

San Luis Obispo, Calif., Feb. 5 - DBX ETF Trust announced plans to offer a new municipal fund in an N-1A filing with the Securities and Exchange Commission.

The db X-trackers Municipal Infrastructure Revenue Fund seeks investment results that correspond generally to the performance, before fees and expenses, of the DBIQ Municipal Infrastructure Revenue index, which is designed to provide exposure to the U.S. long-term tax-exempt bond market, including revenue bonds and insured bonds. The index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts, their respective agencies and other tax-exempt issuers and is intended to track bonds that fund federal, state and local infrastructure projects.

Philip G. Condon, Ashton P. Goodfield, Matthew J. Caggiano and Michael J. Generazo will comprise the portfolio management team.

The fund's shares will trade on the NYSE Arca. The ticker symbol has not yet been determined.

Management fees and total annual fund operating expenses have not yet been set.

New York-based DBX Advisors LLC, an indirect wholly owned subsidiary of Deutsche Bank AG, will serve as the investment adviser.

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