# Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation (X71U) **Page:** https://fundology.uk/fund/x71u · ISIN LU2523865991 ## 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, X71U (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation, ISIN LU2523865991) closed at $9.10 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the three years to 13/11/2026 its price changed by +3.6%, or −6.4% after UK CPIH inflation. ## Summary Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2022. It tracks the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 7-10 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 0.2% a year — about £20 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 a currency-hedged share class: it uses currency contracts to reduce the effect of exchange-rate moves. Latest close: **$9.10** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | X71U | | ISIN | LU2523865991 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | Markit iBoxx EUR Eurozone (DE ES FR IT NL) 7-10 Index - EUR - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £415m | | Launched | 2022 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/10/2022 | ## 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 | -1.76% | -5.24% | income reinvested | | 3 years | +3.56% | -6.44% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation in pounds (price, with income reinvested in the fund): 2023 +5.1%, 2024 +4.6%, 2025 −4.1%; 2026 to 13/11/2026 +0.5%. Returns of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.0%; to 30/09/2025: +2.2%; to 30/09/2024: +2.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +5.1% | +0.9% | Price | | 2024 | +4.6% | +1.0% | Price | | 2025 | -4.1% | -7.4% | Price | | 2026 to 13/11/2026 | +0.5% | -2.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.52% | -6.06% | | 3 years | 7.61% | -8.61% | ## Largest fall Volatility of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 6.5% over 1 year, 7.6% over 3 years. Largest fall in the price of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation since October 2022, in pounds: −11.5% from 04/11/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation in pounds (price, with income reinvested in the fund) since October 2022 was −6.5% (12 months to 20/10/2023); the highest was +9.5% (12 months to 22/11/2024). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation was 5.1% below its highest weekly close since October 2022 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). ## Funds tracking the same index 3 funds track Markit iBoxx EUR Eurozone (DE ES FR IT NL) 7-10 Index - EUR - 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II Eurozone Government Bond 7-10 UCITS ETF -1D Hedged- Distribution | 0.20% | -1.4% | +2.6% | — | | Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- Capitalisation (this fund) | 0.20% | -1.8% | — | — | | Xtrackers II Eurozone Government Bond 7-10 UCITS ETF Capitalisation 1C | 0.15% | -8.1% | +2.5% | -15.4% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** 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, X71U holds 32 positions, according to its published holdings. The largest is France (Republic Of) (FR001400L834) at 7.76% of the fund; the ten largest make up 51.1%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | France (Republic Of) (FR001400L834) | — | 7.76% | | 2 | France (Republic Of) (FR0014012II5) | — | 6.64% | | 3 | France (Republic Of) (FR001400X8V5) | — | 6.06% | | 4 | France (Republic Of) (FR001400QMF9) | — | 5.76% | | 5 | Germany (Federal Republic Of) (DE000BU2Z064) | — | 5.11% | | 6 | Germany (Federal Republic Of) (DE000BU2Z031) | — | 4.14% | | 7 | Germany (Federal Republic Of) (DE000BU2Z049) | — | 4.09% | | 8 | Germany (Federal Republic Of) (DE000BU2Z023) | — | 4.04% | | 9 | Germany (Federal Republic Of) (DE000BU2Z056) | — | 3.93% | | 10 | Spain (Kingdom Of) (ES0000012L78) | — | 3.61% | ## 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 | |---|---| | Germany | 26.3% | | France | 26.1% | | Italy | 22.7% | | Spain | 19.6% | | Netherlands | 5.3% | All 32 holdings: https://fundology.uk/fund/x71u/holdings ## Questions people ask **What is the ongoing charge of X71U?** The ongoing charge of X71U is 0.20% a year — about £20 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 7-10 UCITS ETF 2C Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). **What does X71U track?** X71U tracks the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 7-10 Index - EUR - Benchmark TR Net. **Is X71U accumulating or distributing?** X71U 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 X71U?** The ISIN of X71U is LU2523865991. An ISIN identifies one exact share class of a fund; X71U is its ticker on the London Stock Exchange. **What does X71U hold?** As of 15/11/2026, X71U holds 32 positions, according to its published holdings. The largest is France (Republic Of) (FR001400L834) at 7.76% of the fund; the ten largest make up 51.1%. Its ten largest holdings are France (Republic Of) (FR001400L834) (7.76%), France (Republic Of) (FR0014012II5) (6.64%), France (Republic Of) (FR001400X8V5) (6.06%), France (Republic Of) (FR001400QMF9) (5.76%), Germany (Federal Republic Of) (DE000BU2Z064) (5.11%), Germany (Federal Republic Of) (DE000BU2Z031) (4.14%), Germany (Federal Republic Of) (DE000BU2Z049) (4.09%), Germany (Federal Republic Of) (DE000BU2Z023) (4.04%), Germany (Federal Republic Of) (DE000BU2Z056) (3.93%) and Spain (Kingdom Of) (ES0000012L78) (3.61%). **What were X71U’s returns in each of the last five years?** Calendar-year returns of X71U in pounds (price, with income reinvested in the fund): 2023 +5.1%, 2024 +4.6%, 2025 −4.1%; 2026 to 13/11/2026 +0.5%. Past performance is not a guide to future returns. **How has X71U done after inflation?** Over the three years to 13/11/2026 X71U’s price changed by +3.6%, or −6.4% 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/LU2523865991-eurozone-government-bond-7-10-ucits-etf-2c-usd-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.