Xtrackers by DWS Converts Xtrackers Municipal Infrastructure Revenue Bond ETF to Actively Managed ETF

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Xtrackers by DWS Converts Xtrackers Municipal Infrastructure Revenue Bond ETF to Actively Managed ETF

8/4/2026

New

Effective August 4, 2026, Xtrackers Municipal Infrastructure Revenue Bond ETF becomes Xtrackers’ second active ETF in the U.S. and its first active fixed income ETF, offering active municipal infrastructure revenue bond exposure with a competitive management fee of 0.15%.

For further information please contact:

Media contacts:

Audrey Richie

audrey.richie@db.com

+1 (212) 454-8509

Christian Gubler

christian.gubler@db.com

+1 (212) 454-8507

NEW YORK, NY – DWS, a leading European asset manager with global reach, today announced that the Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSE: RVNU) (the “Fund”) has converted from a passively managed ETF that tracked the Solactive Municipal Infrastructure Revenue Bond Index to an actively managed ETF. The new active ETF is named the Xtrackers Municipal Infrastructure Revenue Bond Active ETF and its ticker, RVNU, will remain the same. The change is effective August 4, 2026.

Following its conversion, the Fund will continue to invest in municipal infrastructure revenue bonds, the proceeds of which are used for infrastructure purposes in the areas of transportation, recreation, utility or industrial economic development and whose principal and interest repayments come from either a pledged revenue source or a pledged revenue stream combined with a general obligation pledge. RVNU will normally invest at least 80% of its assets in securities issued by municipalities across the United States and its territories that are classified as municipal infrastructure revenue bonds whose income is free from regular federal income tax. DWS is the first asset manager to list a municipal infrastructure revenue bond active ETF on a U.S. exchange.

“Xtrackers is committed to providing access to quality fixed income strategies,” said Hepsen Uzcan, Chief Executive Officer of DWS Americas. “Our second active ETF builds on that commitment, offering investors another way to pursue income and diversification while responding to market opportunities.”

“The conversion of RVNU marks an important expansion of the Xtrackers active ETF lineup in the U.S. and we believe RVNU could be a compelling fixed income allocation that can anchor core bond exposures for investors and deliver competitive after‑tax income potential,” said George Catrambone, Head of Fixed Income and Xtrackers, Americas at DWS. “The Fund will be managed by a team with more than 45 years of collective municipal bond portfolio management experience, applying active research and portfolio management across varying market environments.”

“Municipal infrastructure revenue bonds have historically offered higher yields than many traditional municipal sectors, along with attractive after-tax, risk-adjusted returns relative to taxable credit,” said Matthew Caggiano, Co-Head of Municipal Bond Strategy at DWS. “These bonds are supported by dedicated cash flows from essential public services, which we believe could offer investors access to stable, long‑term income linked to critical infrastructure assets. An active approach can help identify relative value, manage credit and duration risk, and adapt as market conditions evolve.”

“The Xtrackers platform provides investors with both high-quality and low-cost access to infrastructure revenue bonds,” added Henry Wu, Head of Xtrackers Products U.S. “We continue to be committed in bringing the ‘Best of DWS’ to the market in areas thoughtfully selected to provide investors with our expertise in both active investing and ETF management.”

The Fund is available for trading on NYSE and has a net/gross expense ratio of 0.15%. More information can be found in the fund’s prospectus .

To learn more about Xtrackers ETFs available in the U.S., please visit https://etf.dws.com/en-us/etf-products.

Xtrackers U.S., Global Product Suite, and AuM Update
The Xtrackers U.S. product suite currently comprises 42 ETFs and, as of June 30, 2026, approximately USD 32 billion in assets under management. Xtrackers globally now consists of over 339 UCITS ETFs and ETCs as of March 31, 2026, with approximately EUR 311 billion in assets under management.

Globally, Xtrackers by DWS is an established provider of exchange traded funds (ETFs) and exchange traded commodities (ETCs). Xtrackers ETFs and ETCs offer a range of investment tools designed to provide investors with access to selected markets, sectors and asset classes.

About DWS Group

DWS Group (DWS), with EUR 1,190bn of total assets under management (as of 30 June 2026), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com

RISK DISCLOSURE
Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Active securities trading could raise transaction costs and could result in increased taxable distributions to shareholders at higher federal income tax rates. An investment in this fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with the fund. Please read the prospectus for more information.

IMPORTANT INFORMATION

ETF shares are not individually redeemable, and owners of shares may acquire those shares from the Fund or tender such shares for the redemption to the Fund in Creation Units only.

Consider the Fund’s investment objective, risk factors and charges and expenses before investing. This and other important information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-851-4255 or by viewing or downloading a prospectus at www.Xtrackers.com. Please read it carefully before investing.

The brand Xtrackers represents all systematic investment solutions. Xtrackers ETFs in the U.S.
are managed by DBX Advisors LLC (the “Advisor”) and distributed by ALPS Distributors, Inc. (“ALPS”). The Advisor is a wholly owned subsidiary of DWS Group GmbH & Co. KGaA and is not affiliated with ALPS.

Because ETFs trade on a securities exchange, their shares may trade at a premium or discount to their net asset value. ETFs also incur fees and expenses. Investing involves risk, including the possible loss of principal. An investment in the Fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with the Fund.

Past performance is no guarantee of future results.

War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in U.S. and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the Fund and its investments.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

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NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
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.

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War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the fund and its investment.

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Carefully consider the fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the fund's prospectus. To obtain a mutual fund summary prospectus, if available, or prospectus, call (800) 728-3337 or download one here. To obtain an ETF prospectus call (844) 851-4255 or download one here. To obtain the RREEF Property Trust prospectus, download one here. Read the prospectus carefully before investing.

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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.

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.

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