# Xtrackers II Global Government Bond UCITS ETF Acc (0H9U)

**Page:** https://fundology.uk/fund/0h9u · ISIN LU0641006613

## 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, 0H9U (Xtrackers II Global Government Bond UCITS ETF Acc, ISIN LU0641006613) closed at CHF 143.35 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was −12.8%, or −31.9% after UK CPIH inflation.

## Summary

Xtrackers II Global Government Bond UCITS ETF Acc is an exchange-traded fund (ETF) from Xtrackers, launched in 2012. It tracks the FTSE WGBI - Developed Markets (EUR). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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: **CHF 143.35** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0H9U |
| ISIN | LU0641006613 |
| Category | Government bonds |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | FTSE WGBI - Developed Markets (EUR) |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £127m |
| Launched | 2012 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2012 |

## 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 | -9.90% | -13.09% | income reinvested |
| 3 years | -3.54% | -12.85% | income reinvested |
| 5 years | -12.82% | -31.95% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers II Global Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2023 +6.0%, 2024 −8.5%, 2025 +5.0%; 2026 to 13/11/2026 −7.8%. Returns of Xtrackers II Global Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −9.2%; to 30/09/2025: +2.2%; to 30/09/2024: +3.5%; to 30/09/2023: −7.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +6.0% | +1.8% | Price |
| 2024 | -8.5% | -11.6% | Price |
| 2025 | +5.0% | +1.4% | Price |
| 2026 to 13/11/2026 | -7.8% | -10.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.26% | -11.75% |
| 3 years | 8.43% | -12.04% |

## Largest fall

Volatility of Xtrackers II Global Government Bond UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 6.3% over 1 year, 8.4% over 3 years. Largest fall in the price of Xtrackers II Global Government Bond UCITS ETF Acc since November 2021, in pounds: −14.3% from 17/12/2021 to 09/10/2026. The lowest 12-month return of Xtrackers II Global Government Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund) since June 2022 was −10.7% (12 months to 13/11/2026); the highest was +9.7% (12 months to 27/02/2026). On 13/11/2026 the price of Xtrackers II Global Government Bond UCITS ETF Acc was 13.7% below its highest weekly close since November 2021 (17/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers II Global Government Bond UCITS ETF Acc 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

## Funds tracking the same index

7 funds track FTSE WGBI - Developed Markets (EUR), this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II Global Government Bond UCITS ETF | 0.25% | -0.8% | +9.4% | -6.5% |
| Xtrackers II Global Government Bond UCITS ETF 5C Capitalisation | 0.20% | -4.0% | -0.5% | -14.6% |
| Xtrackers II Global Government Bond UCITS ETF Acc (this fund) | 0.25% | -9.9% | -3.5% | -12.8% |
| Xtrackers II Global Government Bond UCITS ETF Dist | 0.25% | -7.7% | -0.4% | -15.4% |
| Xtrackers II Global Government Bond UCITS ETF EUR Hedged Acc | 0.25% | -7.7% | -0.4% | -15.5% |
| Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc | 0.25% | -1.2% | +1.8% | -3.4% |
| Xtrackers II SICAV - Xtrackers II Global Government Bond UCITS ETF -4D- Distribution | 0.20% | — | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, 0H9U holds 1,300 positions, according to its published holdings. The largest is Treasury Note (US91282CNT44) at 0.39% of the fund; the ten largest make up 3.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Note (US91282CNT44) | — | 0.39% |
| 2 | Treasury Note (US91282CRF04) | — | 0.39% |
| 3 | Treasury Note (US91282CJZ59) | — | 0.38% |
| 4 | Treasury Note (US91282CLW90) | — | 0.38% |
| 5 | Treasury Note (US91282CMM00) | — | 0.38% |
| 6 | Treasury Note (US91282CQQ77) | — | 0.38% |
| 7 | Treasury Note (US91282CJJ18) | — | 0.37% |
| 8 | Treasury Note (US91282CKQ32) | — | 0.37% |
| 9 | Treasury Note (US91282CPZ85) | — | 0.37% |
| 10 | Treasury Note (US91282CGH88) | — | 0.36% |

## 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 |
|---|---|
| United States | 47.3% |
| Japan | 10.1% |
| France | 6.8% |
| Italy | 6.4% |
| United Kingdom | 6.2% |
| Germany | 5.7% |
| Spain | 4.2% |
| South Korea | 2.5% |
| Other countries | 10.8% |
| Not classified | 0.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.9% |
| Cash and money market | 0.1% |

The 1,294 holdings on record (of 1,300 reported): https://fundology.uk/fund/0h9u/holdings

## Questions people ask

**What is the ongoing charge of 0H9U?**

The ongoing charge of 0H9U is 0.25% a year — about £25 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 Global Government Bond UCITS ETF Acc 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

**What does 0H9U track?**

0H9U tracks the FTSE WGBI - Developed Markets (EUR).

**Is 0H9U accumulating or distributing?**

0H9U 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 0H9U?**

The ISIN of 0H9U is LU0641006613. An ISIN identifies one exact share class of a fund; 0H9U is its ticker on the London Stock Exchange.

**What does 0H9U hold?**

As of 15/11/2026, 0H9U holds 1,300 positions, according to its published holdings. The largest is Treasury Note (US91282CNT44) at 0.39% of the fund; the ten largest make up 3.8%. Its ten largest holdings are Treasury Note (US91282CNT44) (0.39%), Treasury Note (US91282CRF04) (0.39%), Treasury Note (US91282CJZ59) (0.38%), Treasury Note (US91282CLW90) (0.38%), Treasury Note (US91282CMM00) (0.38%), Treasury Note (US91282CQQ77) (0.38%), Treasury Note (US91282CJJ18) (0.37%), Treasury Note (US91282CKQ32) (0.37%), Treasury Note (US91282CPZ85) (0.37%) and Treasury Note (US91282CGH88) (0.36%).

**What were 0H9U’s returns in each of the last five years?**

Calendar-year returns of 0H9U in pounds (price, with income reinvested in the fund): 2023 +6.0%, 2024 −8.5%, 2025 +5.0%; 2026 to 13/11/2026 −7.8%. Past performance is not a guide to future returns.

**How has 0H9U done after inflation?**

Over the five years to 13/11/2026 0H9U’s total return was −12.8%, or −31.9% 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/LU0641006613-global-government-bond-ucits-etf-4c-chf-hedged/)
- Links checked 12/10/2026.

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