# Xtrackers MSCI Nordic UCITS ETF (XDN0) **Source:** https://fundology.uk/fund/xdn0 · ISIN IE00B9MRHC27 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, XDN0 (Xtrackers MSCI Nordic UCITS ETF, ISIN IE00B9MRHC27) closed at £45.00 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 30/09/2026 its total return was +25.2%, or −2.1% after UK CPIH inflation. ## Summary Xtrackers MSCI Nordic UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2013. It tracks the MSCI Nordic Countries. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£45.00** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XDN0 | | ISIN | IE00B9MRHC27 | | Category | European shares | | Type | ETF | | Provider | Xtrackers | | Tracks | MSCI Nordic Countries | | Income | Distributing | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £654m | | Launched | 2013 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +12.98% | +9.44% | income reinvested | | 3 years | +24.26% | +12.13% | income reinvested | | 5 years | +25.21% | -2.12% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers MSCI Nordic UCITS ETF in pounds (price only, income paid out not included): 2022 −10.2%, 2023 +10.9%, 2024 −8.0%, 2025 +8.4%; 2026 to 30/09/2026 +3.4%. Returns of Xtrackers MSCI Nordic UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.4%; to 30/09/2025: −8.3%; to 30/09/2024: +13.6%; to 30/09/2023: +14.9%; to 30/09/2022: −19.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -10.2% | -17.8% | Price | | 2023 | +10.9% | +6.5% | Price | | 2024 | -8.0% | -11.1% | Price | | 2025 | +8.4% | +4.6% | Price | | 2026 to 30/09/2026 | +3.4% | +0.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.32% | -9.09% | | 3 years | 15.55% | -23.48% | | 5 years | 16.59% | -23.76% | ## Largest fall Volatility of Xtrackers MSCI Nordic UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 13.3% over 1 year, 15.6% over 3 years, 16.6% over 5 years. Largest fall in the price of Xtrackers MSCI Nordic UCITS ETF since October 2021, in pounds: −23.8% from 12/11/2021 to 30/09/2022. The lowest 12-month return of Xtrackers MSCI Nordic UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −20.0% (12 months to 21/10/2022); the highest was +25.5% (12 months to 21/06/2024). On 30/09/2026 the price of Xtrackers MSCI Nordic UCITS ETF was 8.0% below its highest weekly close since October 2021 (07/06/2024), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers MSCI Nordic UCITS ETF 0.30% a year, as of 01/10/2026: 61 of the 225 other European share funds charge more, 15 the same and 149 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Nordic Countries, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.35% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers MSCI Nordic UCITS ETF | 0.35% | +10.6% | — | — | | Xtrackers MSCI Nordic UCITS ETF (this fund) | 0.30% | +13.0% | +24.3% | +25.2% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 01/10/2026): | Holding | Weight | |---|---| | Novo Nordisk · Class B | 8.40% | | Spotify Technology | 4.95% | | Investor · Class B | 4.82% | | Nordea Bank | 4.17% | | Atlas Copco · Class A | 3.58% | | Nokia | 3.57% | | Volvo · Class B | 3.44% | | Sandvik | 2.68% | | Danske Bank | 2.41% | | DSV | 2.39% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Sector | Weight | |---|---| | Industrials | 32.8% | | Financials | 23.8% | | Health Care | 11.9% | | Communication Services | 7.8% | | Information Technology | 6.6% | | Materials | 5.7% | | Energy | 4.1% | | Consumer Staples | 3.7% | | Other sectors | 3.6% | ### By country Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Country | Weight | |---|---| | Sweden | 45.0% | | Denmark | 23.0% | | Finland | 17.5% | | Norway | 8.8% | | Luxembourg | 5.0% | | Brazil | 0.5% | | United Kingdom | 0.2% | | Not classified | 0.0% | ### By type of asset Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Type of asset | Weight | |---|---| | Equity | 99.5% | | Cash and money market | 0.5% | All 83 holdings: https://fundology.uk/fund/xdn0/holdings --- 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.