# Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation (0DO0) **Page:** https://fundology.uk/fund/0do0 · ISIN LU0321462953 ## 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, 0DO0 (Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation, ISIN LU0321462953) closed at €316.15 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was −6.5%, or −27.0% after UK CPIH inflation. ## Summary Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2008. It tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select Index — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 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. It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk. Latest close: **€316.15** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0DO0 | | ISIN | LU0321462953 | | Also listed as | XEMB (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | FTSE Emerging Markets USD Government and Government-Related Bond Select Index | | Income | Accumulating | | Ongoing charge | 0.40% a year (£40 per £10,000) | | Fund size | £157m | | Launched | 2008 | | 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 | -5.27% | -8.62% | income reinvested | | 3 years | +19.77% | +8.21% | income reinvested | | 5 years | -6.47% | -27.00% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −17.2%, 2023 +6.0%, 2024 −0.7%, 2025 +16.4%; 2026 to 13/11/2026 −6.0%. Returns of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.1%; to 30/09/2025: +10.1%; to 30/09/2024: +13.2%; to 30/09/2023: +3.7%; to 30/09/2022: −25.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -17.2% | -24.2% | Price | | 2023 | +6.0% | +1.7% | Price | | 2024 | -0.7% | -4.1% | Price | | 2025 | +16.4% | +12.4% | Price | | 2026 to 13/11/2026 | -6.0% | -9.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 8.01% | -8.16% | | 3 years | 7.37% | -8.16% | | 5 years | 10.34% | -28.25% | ## Largest fall Volatility of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 8.0% over 1 year, 7.4% over 3 years, 10.3% over 5 years. Largest fall in the price of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation since November 2021, in pounds: −28.3% from 10/12/2021 to 21/10/2022. The lowest 12-month return of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −26.8% (12 months to 14/10/2022); the highest was +17.7% (12 months to 19/12/2025). On 13/11/2026 the price of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation was 8.2% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation 0.40% a year. Compared on 14/11/2026, 20 of the 311 other government bond funds charge more, 1 the same and 290 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.40%** per year (as of 13/11/2026) - 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, 0DO0 holds 877 positions, according to its published holdings. The largest is Argentina Republic of Government (US040114HT09) at 0.88% of the fund; the ten largest make up 5.1%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Argentina Republic of Government (US040114HT09) | — | 0.88% | | 2 | Ecuador Republic of (Government) (XS2214238441) | — | 0.66% | | 3 | Argentina Republic of Government (US040114HS26) | — | 0.52% | | 4 | Argentina Republic of Government (US040114HU71) | — | 0.51% | | 5 | Ghana (Republic Of) (XS2893151287) | — | 0.47% | | 6 | Argentina Republic of Government (US040114HV54) | — | 0.43% | | 7 | Eagle Funding Luxco Sarl | — | 0.43% | | 8 | Uruguay (Oriental Republic Of) (US760942BA98) | — | 0.42% | | 9 | Oman Sultanate of (Government) (XS1750114396) | — | 0.40% | | 10 | Ukraine (Republic Of) C Bonds | — | 0.39% | ## 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 08/11/2026. | Country | Weight | |---|---| | Saudi Arabia | 5.4% | | Mexico | 5.3% | | Turkey | 4.3% | | Indonesia | 4.2% | | China | 3.3% | | Brazil | 3.3% | | Poland | 3.2% | | Chile | 3.1% | | Other countries | 67.9% | ### By type of asset Added up from the fund’s published holdings, as of 08/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.7% | | Equity | 0.3% | The 876 holdings on record (of 877 reported): https://fundology.uk/fund/0do0/holdings ## Questions people ask **What is the ongoing charge of 0DO0?** The ongoing charge of 0DO0 is 0.40% a year — about £40 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 J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- Capitalisation 0.40% a year. Compared on 14/11/2026, 20 of the 311 other government bond funds charge more, 1 the same and 290 less (share classes counted once). **What does 0DO0 track?** 0DO0 tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select Index — companies in emerging economies such as China, India, Taiwan and Brazil. **Is 0DO0 accumulating or distributing?** 0DO0 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 0DO0?** The ISIN of 0DO0 is LU0321462953. An ISIN identifies one exact share class of a fund; 0DO0 is its ticker on the London Stock Exchange. The same share class is also listed as XEMB (Xetra, euros). **What does 0DO0 hold?** As of 15/11/2026, 0DO0 holds 877 positions, according to its published holdings. The largest is Argentina Republic of Government (US040114HT09) at 0.88% of the fund; the ten largest make up 5.1%. Its ten largest holdings are Argentina Republic of Government (US040114HT09) (0.88%), Ecuador Republic of (Government) (XS2214238441) (0.66%), Argentina Republic of Government (US040114HS26) (0.52%), Argentina Republic of Government (US040114HU71) (0.51%), Ghana (Republic Of) (XS2893151287) (0.47%), Argentina Republic of Government (US040114HV54) (0.43%), Eagle Funding Luxco Sarl (0.43%), Uruguay (Oriental Republic Of) (US760942BA98) (0.42%), Oman Sultanate of (Government) (XS1750114396) (0.40%) and Ukraine (Republic Of) C Bonds (0.39%). **What were 0DO0’s returns in each of the last five years?** Calendar-year returns of 0DO0 in pounds (price, with income reinvested in the fund): 2022 −17.2%, 2023 +6.0%, 2024 −0.7%, 2025 +16.4%; 2026 to 13/11/2026 −6.0%. Past performance is not a guide to future returns. **How has 0DO0 done after inflation?** Over the five years to 13/11/2026 0DO0’s total return was −6.5%, or −27.0% 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/LU0321462953-j-p-morgan-usd-emerging-markets-bond-ucits-etf-1c-eur-hedged/) - 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.