ETF · Xtrackers
0E03 Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation
ISIN LU0952581584London Stock Exchange: 0E03Deutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE€6.09
on
- Ongoing charge
- 0.15% a year
- Fund size
- £580m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0E03 (Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation, ISIN LU0952581584) closed at €6.09 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was −44.3%, or −56.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −11.0%
- −14.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −25.0%
- −32.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −44.3%
- −56.5% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £557 on 13/11/2026 — about £435 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −9.8%, 2023 −11.5%, 2024 −11.5%, 2025 −16.1%; 2026 to 13/11/2026 −4.8%. Returns of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −13.1%; to 30/09/2025: −10.5%; to 30/09/2024: −6.8%; to 30/09/2023: −15.3%; to 30/09/2022: −10.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −4.8% | −7.8% | |
| to | −16.1% | −19.0% | |
| to | −11.5% | −14.5% | |
| −11.5% | −15.0% | ||
| −9.8% | −17.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −13.1% | −16.2% |
| from | −10.5% | −14.0% |
| from | −6.8% | −9.2% |
| from | −15.3% | −20.4% |
| from | −10.8% | −18.0% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
10.7%over 5 years
| 1 year | 8.8% |
|---|---|
| 3 years | 11.0% |
| 5 years | 10.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −47.1%
- From to
- Lowest 12-month return
- −20.2%
- 12 months to
- Highest 12-month return
- +0.1%
- 12 months to
- Below its highest weekly close since November 2021
- 45.4%
- High of , latest
In words: Volatility of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 8.8% over 1 year, 11.0% over 3 years, 10.7% over 5 years. Largest fall in the price of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation since November 2021, in pounds: −47.1% from 10/12/2021 to 24/07/2026. The lowest 12-month return of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −20.2% (12 months to 03/04/2026); the highest was +0.1% (12 months to 04/07/2025). On 13/11/2026 the price of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation was 45.4% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.15%
- a year
- On £10,000
- £15
- a year, roughly
- Over five years
- £75
- of £10,000, before growth
- 166 charge less
- 28 the same
- 117 charge more
Ongoing charge of Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II Japan Government Bond UCITS ETF -1C- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2013.
It tracks the FTSE Japanese Government Bond Index - JPY - Benchmark TR Net — large and medium-sized Japanese companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.15% a year — about £15 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- 0E03
- ISIN
- LU0952581584
- Also listed as
- XJSE (Xetra, euros)
- Provider
- Xtrackers
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.15% a year · about £15 on £10,000
- Fund size
- £580m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- EUR
- Category
- Government bonds
Price chart
Over the last year, the closing price went from €6.45 on 14/11/2025 to €6.09 on 13/11/2026 (−5.6%). The lowest close shown was €5.78 on 24/07/2026 and the highest €6.45 on 14/11/2025.
One close a week. Before 04/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
261 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 284
- on record
- Ten largest
- 12.9%
- of the whole fund
- Effective number of holdings
- 194
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.5%
- Japan (Government Of) 10YR #383
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Japan (Government Of) 10YR #383Japan | 1.52% |
| 2 | Japan (Government Of) 10YR #382Japan | 1.48% |
| 3 | Japan (Government Of) 10YR #380Japan | 1.45% |
| 4 | Japan (Government Of) 10YR #381Japan | 1.39% |
| 5 | Japan (Government Of) 5YR #183Japan | 1.36% |
| 6 | Japan (Government Of) 10YR #379Japan | 1.25% |
| 7 | Japan (Government Of) 10YR #376Japan | 1.14% |
| 8 | Japan (Government Of) 10YR #378Japan | 1.14% |
| 9 | Japan (Government Of) 10YR #377Japan | 1.08% |
| 10 | Japan (Government Of) 5YR #178Japan | 1.06% |
As of , holdings as published
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 284 holdings; the ten largest make up 12.9% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track FTSE Japanese Government Bond Index - JPY - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.20% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II Japan Government Bond UCITS ETF -1C- CapitalisationThis fundAccumulating · 0.15% a year | 0.15% | −11.0% | −25.0% | −44.3% |
| Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- DistributionDistributing · Currency hedged · 0.20% a year | 0.20% | −1.9% | Not reported | Not reported |
As of
FTSE Japanese Government Bond funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 251 rolling 12-month returns since January 2021, and of 147 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of 0E03?
The ongoing charge of 0E03 is 0.15% a year — about £15 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 Japan Government Bond UCITS ETF -1C- Capitalisation 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).
What does 0E03 track?
0E03 tracks the FTSE Japanese Government Bond Index - JPY - Benchmark TR Net — large and medium-sized Japanese companies.
Is 0E03 accumulating or distributing?
0E03 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 0E03?
The ISIN of 0E03 is LU0952581584. An ISIN identifies one exact share class of a fund; 0E03 is its ticker on the London Stock Exchange. The same share class is also listed as XJSE (Xetra, euros).
What does 0E03 hold?
As of 15/11/2026, 0E03 holds 284 positions, according to its published holdings. The largest is Japan (Government Of) 10YR #383 at 1.52% of the fund; the ten largest make up 12.9%. Its ten largest holdings are Japan (Government Of) 10YR #383 (1.52%), Japan (Government Of) 10YR #382 (1.48%), Japan (Government Of) 10YR #380 (1.45%), Japan (Government Of) 10YR #381 (1.39%), Japan (Government Of) 5YR #183 (1.36%), Japan (Government Of) 10YR #379 (1.25%), Japan (Government Of) 10YR #376 (1.14%), Japan (Government Of) 10YR #378 (1.14%), Japan (Government Of) 10YR #377 (1.08%) and Japan (Government Of) 5YR #178 (1.06%).
What were 0E03’s returns in each of the last five years?
Calendar-year returns of 0E03 in pounds (price, with income reinvested in the fund): 2022 −9.8%, 2023 −11.5%, 2024 −11.5%, 2025 −16.1%; 2026 to 13/11/2026 −4.8%. Past performance is not a guide to future returns.
How has 0E03 done after inflation?
Over the five years to 13/11/2026 0E03’s total return was −44.3%, or −56.5% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Xtrackers (DWS) (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.