## [# Odds & Ends: DWS Enters the Thematic Arena](/sections/daily-etf-watch/odds-ends-dws-enters-thematic-arena)
# Odds & Ends: DWS Enters the Thematic Arena
Also, Dimensional applies for ETF share class model.
[](/authors/gabe-alpert)
[By Gabe Alpert](/authors/gabe-alpert)
Jul 14, 2023
Edited by: Daria Solovieva
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European asset manager DWS Group launched this week its first thematic ETFs in the U.S. market under its Xtrackers brand, while Dimensional Fund Advisors filed to use the ETF-as-a-share-class structure pioneered by Vanguard Group Inc.
The three funds, Xtrackers Semiconductor Select Equity ETF (CHPS), Xtrackers Cybersecurity Select Equity ETF (PSWD) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR) [launched](https://www.etf.com/sections/daily-etf-watch/xtrackers-dives-thematics-its-first-us-traded-etf) Thursday and are the first thematic ETFs the company has launched in the U.S.
Arne Noack, head of systematic investment solutions for the Americas at DWS Group said that this was the start of a much broader push into the thematic ETF space. He also told etf.com this week that subsequent launches will continue through 2023 and 2024, and possibly into 2025.
Systematic active ETF provider Dimensional Fund Advisors made a splash this week, becoming the first major U.S. ETF provider to [apply](https://www.etf.com/sections/news/dimensional-seeks-etf-creation-using-vanguard-mutual-fund-model) for regulatory exemption top structure ETFs as a share class of traditional mutual funds.
The structure, pioneered and patented by Vanguard 20 years ago, and recently coming off patent. There has been considerable uncertainty over whether the Securities and Exchange Commission will grant another exemption, and DFA, focusing on actively managed funds, differs significantly from the index-focused Vanguard.
## **Launches**
Tuesday:
- Simplify Multi-QIS Alternative ETF (QIS)
- Schwab High Yield Bond ETF (SCYB)
Wednesday:
- Global X U.S. Cash Flow Kings 100 ETF (FLOW)
- Blueprint Chesapeake Multi-Asset Trend ETF (TFPN)
Thursday:
- Principal Focused Blue Chip ETF (BCHP)
- Blackrock Short-Term California Muni Bond ETF (CALY)
- Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)
- Texas Capital Texas Equity Index ETF (TXS)
- Xtrackers Semiconductor Select Equity ETF (CHPS)
- Xtrackers Cybersecurity Select Equity ETF (PSWD)
- Xtrackers US Green Infrastructure Select Equity ETF (UPGR)
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## **Closures**
Tuesday: [**FlexShares ESG & Climate High Yield Corporate Core Index Fund (FEHY)**](https://www.etf.com/FEHY)
Thursday: [**ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX)**](https://www.etf.com/silx)
Friday:
- [**First Trust BICK Index Fund (BICK)**](https://www.etf.com/BICK)
- [**EquityCompass Risk Manager ETF (ERM)**](https://www.etf.com/erm)
## **Existing Fund Changes**
Friday:
The following funds will undergo stock splits after markets close on July 14, and begin trading on a split-adjusted basis on July 17.
- [**Invesco NASDAQ Internet ETF (PNQI)**:](https://www.etf.com/PNQI) 5 for 1
- [**Invesco FTSE RAFI US 1000 ETF (PRF)**](https://www.etf.com/PRF): 5 for 1
- [**Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ)**](https://www.etf.com/PRFZ): 5 for 1
- [**Invesco S&P SmallCap Consumer Staples ETF (PSCC)**](https://www.etf.com/Pscc): 3 for 1
- [**Invesco S&P SmallCap Health Care ETF (PSCH)**](https://www.etf.com/PSCH): 3 for 1
- [**Invesco S&P SmallCap Information Technology ETF (PSCT)**](https://www.etf.com/PSCt): 3 for 1
- [**Invesco Dynamic Semiconductors ETF (PSI)**](https://www.etf.com/PSI): 3 for 1
- [**Invesco Dynamic Software ETF (PSJ)**](https://www.etf.com/PSj): 3 for 1
- [**Invesco DWA Technology Momentum ETF (PTF)**](https://www.etf.com/Ptf): 3 for 1
- [**Invesco DWA Healthcare Momentum ETF (PTH)**](https://www.etf.com/PTH): 3 for 1
- [**Invesco Dynamic Market ETF (PWC)**](https://www.etf.com/Pwc): 3 for 1
- [**Invesco S&P MidCap 400 Pure Growth ETF (RFG)**](https://www.etf.com/RFG): 5 for 1
- [**Invesco S&P 500 Pure Growth ETF (RPG)**](https://www.etf.com/Rpg): 5 for 1
- [**Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD)**](https://www.etf.com/RCD): 3 for 1
- [**Invesco S&P 500 Equal Weight Health Care ETF (RYH)**](https://www.etf.com/RYH): 10 for 1
- [**Invesco S&P 500 Equal Weight Materials ETF (RTM)**](https://www.etf.com/RTM): 5 for 1
- [**Invesco S&P 500 Equal Weight Industrials ETF (RGI)**](https://www.etf.com/RGI): 5 for 1
- [**Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS)**](https://www.etf.com/RHS): 5 for 1
- [**Invesco S&P 500 Equal Weight Technology ETF (RYT)**](https://www.etf.com/RYT): 10 for 1
- [**Invesco S&P 500 Equal Weight Utilities ETF (RYU)**](https://www.etf.com/RYU):2 for 1
- [**Invesco S&P SmallCap 600 Revenue ETF (RWJ)**](https://www.etf.com/RWJ): 3 for 1
- [**Invesco S&P SmallCap 600 Pure Growth ETF (RZG)**](https://www.etf.com/RZG): 3 for 1
- [**Invesco S&P 500 Top 50 ETF (XLG)**](https://www.etf.com/xlg): 10 for 1
## **Reverse Splits**
- [**Invesco S&P SmallCap Energy ETF (PSCE)**](https://www.etf.com/PSCE): 1 for 5
- [**Invesco Global Listed Private Equity ETF (PSP)**](https://www.etf.com/PSp): 1 for 5
- [**Invesco Dynamic Oil & Gas Services ETF (PXJ)**](https://www.etf.com/Pxj): 1 for 5
*Contact Gabe Alpert at*
[ Gabe Alpert ](/authors/gabe-alpert)
Gabe Alpert is a former data reporter at etf.com with over seven years’ experience in financial journalism. He also previously contributed reporting… [View Bio](/authors/gabe-alpert)
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