i

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.

RVNU: An ac­tive ap­proach to mu­nic­i­pal in­fra­struc­ture rev­enue bond in­vest­ing

The Xtrackers Municipal Infrastructure Revenue Bond Active ETF provides targeted access for taxable investors seeking income, diversification, and infrastructure exposure without the volatility of infrastructure equities.

Pure-play

In­fra­struc­ture ex­po­sure

Attractive

Tax-ef­fi­cient in­come

Competitive

Ex­pense ra­tio

The Active Advantage in Municipal Infrastructure

For decades, municipal issuers have relied on bond financing to construct and maintain critical public infrastructure. Revenue bonds have been particularly important, providing funding for airports, toll roads, water systems, electric utilities, and other essential assets that support economic activity while generating the cash flows used to repay investors.

The Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) provides actively managed exposure to this specialized asset class. By combining proprietary research, active portfolio construction, and disciplined trading, RVNU seeks to uncover value, manage risk, and deliver tax-efficient income linked to critical infrastructure assets, making it a prudent option for investors seeking diversification and long-term income potential.

  • Pure-Play Infrastructure Exposure: RVNU is the only ETF that focuses exclusively on municipal infrastructure revenue.
  • Active Portfolio Construction: Enabling managers to express high-conviction ideas while remaining aligned with overall investment objectives.
  • High Credit Quality: RVNU primarily invests in investment grade municipal securities. Over 92% of the portfolio is rated “A” or higher.
  • Attractive Tax-Efficient Income: The portfolio provides federally tax-exempt income and has historically offered compelling tax-equivalent yields for taxable investors.
  • Competitive Cost Structure: RVNU's expense ratio is 0.15%, which compares favorably to competing specialized municipal bond ETFs.

Effective August 4, 2026, the fund converted from a passively managed ETF that tracks the Solactive Municipal Infrastructure Revenue Bond Index to an actively managed ETF that does not track an index. On the effective date, the Fund’s investment objective changed from seeking to track the performance of the Solactive Municipal Infrastructure Revenue Bond Index to seeking to provide income exempt from regular federal income tax. To reflect its new actively managed approach, the fund is renamed Xtrackers Municipal Infrastructure Revenue Bond Active ETF, while its ticker, RVNU, will remain unchanged. The Fund will continue to invest in municipal infrastructure revenue bonds, but its investments will be actively managed by its portfolio managers taking into account various factors.

Dis­cov­er the Ac­tive Ad­van­tage to mu­nic­i­pal in­fra­struc­ture in­vest­ing

 

Click here to down­load the full In­vest­ment Idea.