Important security note: Warning of attempted fraud in the name of DWS
We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, WhatsApp groups and Mobile Apps. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.
Xtrackers by DWS Repositions Equity ETF to Provide Access to Large U.S. Companies with Reduced Dependence on Big Tech
2/12/2026
For further information please contact:
NEW YORK, NY – DWS, a leading European asset manager with global reach, today announced the repositioning and renaming of one of its equity ETFs: The Xtrackers S&P 500 Value Scored & Screened ETF has become the Xtrackers S&P 100 Ex Top 20 ETF (CBOE: XOEX) (the “Fund”). As part of its repositioning, the Fund has changed its underlying index and now tracks the S&P 100 Ex-Top 20 Select Index.
The S&P 100 Ex-Top 20 Select Index is designed to measure the capped market capitalization weighted performance of companies in the S&P 100, excluding the largest 20 companies ranked by float-adjusted market capitalization. The exclusion of the top 20 companies results in a “Next 80” exposure that remains rooted in large-cap, blue-chip stocks from a diverse range of industries.
“The S&P 100 Ex Top 20 ETF is particularly attractive to investors who want to improve their diversification, seek alternative sources of return outside of big tech, and prefer a more balanced risk/return profile,” said Salvador Gomez, Head of Sales Xtrackers Americas. “Those who already hold large tech positions—for example, via Nasdaq ETFs, S&P 500 ETFs, or individual tech stocks—can use XOEX to deliberately deconcentrate their portfolios without having to forego U.S. large-caps.”
“At Xtrackers, we aim to provide investors innovative investment solutions that are clear and effective,” said Heny Wu, Head of Xtrackers Products U.S. “While the top mega-cap names often remain at the front and center of media attention, the remaining U.S. mega and large-cap companies offer a meaningful representation of the long-term mega and large-cap US equity landscape via a more balanced sector profile.”
“The S&P 100 Ex-Top 20 Select Index is designed to measure the performance of a defined segment of the U.S. large-cap equity market by applying exclusions within the S&P 100 universe,” said Hamish Preston, Head of U.S. Equities at S&P Dow Jones Indices. “The index is calculated and maintained in accordance with S&P Dow Jones Indices’ established methodologies and governance standards, providing market participants with an additional benchmark to analyze equity market composition and concentration.”
Key Features and Potential Uses of XOEX
- U.S. large-cap exposure with reduced dependence on mega-caps
- Underlying index is reconstituted annually and reweighted quarterly
- XEOX can be paired with traditional S&P 500 and S&P 100 strategies to adjust how much of an overall portfolio is in the largest 20 names vs. the rest of the large-cap universe
- XOEX can help mitigate sector skew for investors uncomfortable with tech concentration
- XOEX can be used tactically when investors expect market leadership to extend beyond the largest U.S. stocks
Effective December 19, 2025, the Fund is available for trading on CBOE. It is priced with a competitive net/gross expense ratio of 0.15%.
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
Globally, Xtrackers by DWS is a large and established provider of high-quality exchange traded funds (ETFs) and exchange traded commodities (ETCs). Providing efficient “passive” exposure to diversified indices or to single commodities, Xtrackers ETFs and ETCs provide a comprehensive set of dependable investment tools for effective portfolio allocation.
The Xtrackers U.S. product suite currently comprises 43 ETFs and, as of December 31, 2025, approximately USD 29 billion in assets under management. Xtrackers globally now consists of over 270 UCITS ETFs as of December 31, 2025, with approximately EUR 286 billion in assets under management.