# Xtrackers II Eurozone Government Bond 1-3 UCITS ETF (0DML)

**Page:** https://fundology.uk/fund/0dml · ISIN LU0290356871

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, 0DML (Xtrackers II Eurozone Government Bond 1-3 UCITS ETF, ISIN LU0290356871) closed at €174.25 on the London Stock Exchange. Its ongoing charge is 0.24% a year (about £24 on £10,000). Over the five years to 13/11/2026 its total return was +1.5%, or −20.8% after UK CPIH inflation.

## Summary

Xtrackers II Eurozone Government Bond 1-3 UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index - EUR - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **€174.25** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0DML |
| ISIN | LU0290356871 |
| Also listed as | DBXP (Xetra, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.24% a year (£24 per £10,000) |
| Fund size | £2.9bn |
| Launched | 2007 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2010 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -4.81% | -8.18% | income reinvested |
| 3 years | +3.06% | -6.89% | income reinvested |
| 5 years | +1.52% | -20.76% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +1.4%, 2024 −1.7%, 2025 +7.4%; 2026 to 13/11/2026 −3.8%. Returns of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.8%; to 30/09/2025: +7.3%; to 30/09/2024: +1.1%; to 30/09/2023: −1.8%; to 30/09/2022: −1.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +0.6% | -7.9% | Price |
| 2023 | +1.4% | -2.7% | Price |
| 2024 | -1.7% | -5.0% | Price |
| 2025 | +7.4% | +3.7% | Price |
| 2026 to 13/11/2026 | -3.8% | -6.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.28% | -5.41% |
| 3 years | 3.99% | -5.41% |
| 5 years | 4.68% | -5.41% |

## Largest fall

Volatility of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 3.3% over 1 year, 4.0% over 3 years, 4.7% over 5 years. Largest fall in the price of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF since November 2021, in pounds: −5.4% from 14/11/2025 to 30/10/2026. The lowest 12-month return of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −8.2% (12 months to 07/01/2022); the highest was +8.7% (12 months to 07/11/2025). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF was 5.1% below its highest weekly close since November 2021 (14/11/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.24%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 15/11/2026, 0DML holds 30 positions, according to its published holdings. The largest is France (Republic Of) (FR001400HI98) at 9.05% of the fund; the ten largest make up 49.8%.

### Top holdings

Largest positions (as of 15/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | France (Republic Of) (FR001400HI98) | — | 9.05% |
| 2 | France (Republic Of) (FR001400XLW2) | — | 6.86% |
| 3 | France (Republic Of) (FR001400AIN5) | — | 6.29% |
| 4 | France (Republic Of) (FR0014016G71) | — | 4.59% |
| 5 | Germany (Federal Republic Of) (DE000BU25018) | — | 4.26% |
| 6 | Spain (Kingdom Of) (ES0000012M51) | — | 4.24% |
| 7 | Spain (Kingdom Of) (ES0000012I08) | — | 3.97% |
| 8 | Germany (Federal Republic Of) (DE000BU25026) | — | 3.58% |
| 9 | Germany (Federal Republic Of) (DE000BU25000) | — | 3.57% |
| 10 | Germany (Federal Republic Of) (DE000BU25034) | — | 3.43% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

Added up from the fund’s published holdings, as of 15/11/2026.

| Country | Weight |
|---|---|
| Germany | 30.1% |
| Italy | 28.7% |
| France | 26.8% |
| Spain | 14.4% |

All 30 holdings: https://fundology.uk/fund/0dml/holdings

## Questions people ask

**What is the ongoing charge of 0DML?**

The ongoing charge of 0DML is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once).

**What does 0DML track?**

0DML tracks the iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index - EUR - Benchmark TR Net.

**Is 0DML accumulating or distributing?**

0DML is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of 0DML?**

The ISIN of 0DML is LU0290356871. An ISIN identifies one exact share class of a fund; 0DML is its ticker on the London Stock Exchange. The same share class is also listed as DBXP (Xetra, euros).

**What does 0DML hold?**

As of 15/11/2026, 0DML holds 30 positions, according to its published holdings. The largest is France (Republic Of) (FR001400HI98) at 9.05% of the fund; the ten largest make up 49.8%. Its ten largest holdings are France (Republic Of) (FR001400HI98) (9.05%), France (Republic Of) (FR001400XLW2) (6.86%), France (Republic Of) (FR001400AIN5) (6.29%), France (Republic Of) (FR0014016G71) (4.59%), Germany (Federal Republic Of) (DE000BU25018) (4.26%), Spain (Kingdom Of) (ES0000012M51) (4.24%), Spain (Kingdom Of) (ES0000012I08) (3.97%), Germany (Federal Republic Of) (DE000BU25026) (3.58%), Germany (Federal Republic Of) (DE000BU25000) (3.57%) and Germany (Federal Republic Of) (DE000BU25034) (3.43%).

**What were 0DML’s returns in each of the last five years?**

Calendar-year returns of 0DML in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +1.4%, 2024 −1.7%, 2025 +7.4%; 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns.

**How has 0DML done after inflation?**

Over the five years to 13/11/2026 0DML’s total return was +1.5%, or −20.8% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU0290356871-eurozone-government-bond-1-3-ucits-etf-1c/)
- Links checked 12/10/2026.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.