# Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged **Page:** https://fundology.uk/fund/LU0641007421 · ISIN LU0641007421 ## 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 02/11/2026, Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged (ISIN LU0641007421) closed at CHF 85.16 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 02/11/2026 its total return was −14.9%, or −33.6% after UK CPIH inflation. ## Summary Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged is an exchange-traded fund (ETF). 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. It is currency-hedged to Swiss francs, not to the pound: it aims to remove most of the effect of exchange-rate moves against Swiss francs, so a holder who counts in pounds still has currency risk. Latest close: **CHF 85.16** (02/11/2026). The close has not changed since 21/10/2026; this line may not have traded since then. ## Key facts | Fact | Value | |---|---| | ISIN | LU0641007421 | | Category | Government bonds | | Type | ETF | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 06/10/2026); reporting fund since 01/01/2013 | ## Past returns (periods to 02/11/2026) 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 | -8.54% | -11.78% | income reinvested | | 3 years | -1.86% | -11.33% | income reinvested | | 5 years | -14.91% | -33.58% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged 0.25% a year. Compared on 03/11/2026, 30 of the 309 other government bond funds charge more, 16 the same and 263 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** 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 01/11/2026, Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged holds 157 positions, according to its published holdings. The largest is Treasury (Cpi) Note (US91282CNS60) at 1.79% of the fund; the ten largest make up 16.4%. ### Top holdings Largest positions (as of 01/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury (Cpi) Note (US91282CNS60) | — | 1.79% | | 2 | Treasury (Cpi) Note (US91282CML27) | — | 1.73% | | 3 | Treasury (Cpi) Note (US91282CPU98) | — | 1.72% | | 4 | Treasury (Cpi) Note (US91282CQP94) | — | 1.65% | | 5 | Treasury (Cpi) Note (US91282CLE92) | — | 1.62% | | 6 | Treasury (Cpi) Note (US91282CDX65) | — | 1.61% | | 7 | Treasury (Cpi) Note (US91282CPH87) | — | 1.58% | | 8 | Treasury (Cpi) Note (US91282CJY84) | — | 1.57% | | 9 | Treasury (Cpi) Note (US91282CNB36) | — | 1.56% | | 10 | Treasury (Cpi) Note (US9128283R96) | — | 1.52% | ## 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 25/10/2026. | Country | Weight | |---|---| | United States | 52.3% | | United Kingdom | 22.4% | | France | 8.1% | | Italy | 6.9% | | Spain | 3.2% | | Germany | 1.9% | | Japan | 1.6% | | Canada | 1.3% | | Other countries | 2.2% | | Not classified | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 25/10/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | | Equity | 0.1% | All 157 holdings: https://fundology.uk/fund/LU0641007421/holdings ## Questions people ask **What is the ongoing charge of Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged?** The ongoing charge of Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged 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 Inflation-Linked Bond UCITS ETF CHF Hedged 0.25% a year. Compared on 03/11/2026, 30 of the 309 other government bond funds charge more, 16 the same and 263 less (share classes counted once). **What is the ISIN of Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged?** The ISIN of Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged is LU0641007421. An ISIN identifies one exact share class of a fund. **What does Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged hold?** As of 01/11/2026, Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged holds 157 positions, according to its published holdings. The largest is Treasury (Cpi) Note (US91282CNS60) at 1.79% of the fund; the ten largest make up 16.4%. Its ten largest holdings are Treasury (Cpi) Note (US91282CNS60) (1.79%), Treasury (Cpi) Note (US91282CML27) (1.73%), Treasury (Cpi) Note (US91282CPU98) (1.72%), Treasury (Cpi) Note (US91282CQP94) (1.65%), Treasury (Cpi) Note (US91282CLE92) (1.62%), Treasury (Cpi) Note (US91282CDX65) (1.61%), Treasury (Cpi) Note (US91282CPH87) (1.58%), Treasury (Cpi) Note (US91282CJY84) (1.57%), Treasury (Cpi) Note (US91282CNB36) (1.56%) and Treasury (Cpi) Note (US9128283R96) (1.52%). **How has Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged done after inflation?** Over the five years to 02/11/2026 Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF Hedged’s total return was −14.9%, or −33.6% 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/LU0641007421-global-inflation-linked-bond-ucits-etf-4d-chf-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.