As of May 27, 2015, db-X Exchange-Traded Funds Inc. - Deutsche X-trackers 2020 Target Date ETF has gone out of business. db-X Exchange-Traded Funds Inc. - Deutsche X-trackers 2020 Target Date ETF is an exchange traded fund launched and managed by DBX Strategic Advisors LLC. The fund is co-managed by TDAM USA Inc. It invests in fixed income and public equity markets across the globe. For its equity portion, the fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in the growth and value stocks of companies across all market capitalizations. For its fixed income portion, the fund invests in investment grade bonds, treasury bills and notes, mortgage real estate investment trusts and short-term money market securities issued by corporations, governments, and U.S. agencies which are rated as BBB- and above by S&P and Fitch and Baa3 and above by Moody's. It invests in securities that will mature on or about December 31, 2020. The fund seeks to track the performance of the Zacks 2020 Lifecycle Index, by using representative sampling technique. It was formerly known as db-X Exchange-Traded Funds Inc. - db X-trackers 2020 Target Date Fund. db-X Exchange-Traded Funds Inc. - Deutsche X-trackers 2020 Target Date ETF was formed on October 1, 2007 and is domiciled in the United States.