# Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD (XEMN)

**Page:** https://fundology.uk/fund/xemn · ISIN IE000TZT8TI0

## 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, XEMN (Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD, ISIN IE000TZT8TI0) closed at $62.36 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 +73.0%, or +56.3% after UK CPIH inflation.

## Summary

Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2022. It tracks the Solactive ISS ESG Emerging Markets Net Zero Pathway PAB Index - USD - Benchmark TR Gross. 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.

Latest close: **$62.36** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XEMN |
| ISIN | IE000TZT8TI0 |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | Solactive ISS ESG Emerging Markets Net Zero Pathway PAB Index - USD - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £17.2m |
| Launched | 2022 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2022 |

## 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 | +17.69% | +13.52% | income reinvested |
| 3 years | +73.01% | +56.31% | 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 Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD in pounds (price, with income reinvested in the fund): 2023 +3.4%, 2024 +10.9%, 2025 +33.0%; 2026 to 13/11/2026 +14.2%. Returns of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +34.1%; to 30/09/2025: +24.2%; to 30/09/2024: +17.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +3.4% | -0.7% | Price |
| 2024 | +10.9% | +7.1% | Price |
| 2025 | +33.0% | +28.4% | Price |
| 2026 to 13/11/2026 | +14.2% | +10.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 21.09% | -16.84% |
| 3 years | 17.60% | -16.84% |

## Largest fall

Volatility of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD in pounds, annualised from weekly returns to 13/11/2026: 21.1% over 1 year, 17.6% over 3 years. Largest fall in the price of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD since December 2022, in pounds: −16.8% from 19/06/2026 to 06/11/2026. The lowest 12-month return of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD in pounds (price, with income reinvested in the fund) since December 2022 was −9.8% (12 months to 02/02/2024); the highest was +70.4% (12 months to 19/06/2026). On 13/11/2026 the price of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD was 14.7% below its highest weekly close since December 2022 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD 0.20% a year. Compared on 14/11/2026, 120 of the 177 other sustainable and clean-energy funds charge more, 15 the same and 42 less (share classes counted once).

## 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, XEMN holds 843 positions, according to its published holdings. The largest is TSMC at 19.54% of the fund; the ten largest make up 44.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 19.54% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 7.22% |
| 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 6.51% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 3.64% |
| 5 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.35% |
| 6 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.71% |
| 7 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.10% |
| 8 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 0.86% |
| 9 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.75% |
| 10 | Industrial and Commercial Bank of China | [601398](https://fundology.uk/stock/601398) | 0.68% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 08/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 42.1% |
| Financials | 20.5% |
| Consumer Discretionary | 7.9% |
| Communication Services | 6.2% |
| Industrials | 5.5% |
| Health Care | 3.9% |
| Consumer Staples | 3.3% |
| Materials | 3.0% |
| Other sectors | 2.6% |
| Not classified | 5.0% |

### By country

Added up from the fund’s published holdings, as of 08/11/2026.

| Country | Weight |
|---|---|
| Taiwan | 30.9% |
| China | 28.5% |
| South Korea | 20.6% |
| Brazil | 3.3% |
| South Africa | 2.9% |
| United Arab Emirates | 2.7% |
| Mexico | 1.9% |
| Thailand | 1.7% |
| Other countries | 7.4% |

### By type of asset

Added up from the fund’s published holdings, as of 08/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.6% |
| Cash and money market | 1.4% |

The 773 holdings on record (of 843 reported): https://fundology.uk/fund/xemn/holdings

## Questions people ask

**What is the ongoing charge of XEMN?**

The ongoing charge of XEMN 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 Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF -1C- USD 0.20% a year. Compared on 14/11/2026, 120 of the 177 other sustainable and clean-energy funds charge more, 15 the same and 42 less (share classes counted once).

**What does XEMN track?**

XEMN tracks the Solactive ISS ESG Emerging Markets Net Zero Pathway PAB Index - USD - Benchmark TR Gross.

**Is XEMN accumulating or distributing?**

XEMN 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 XEMN?**

The ISIN of XEMN is IE000TZT8TI0. An ISIN identifies one exact share class of a fund; XEMN is its ticker on the London Stock Exchange.

**What does XEMN hold?**

As of 15/11/2026, XEMN holds 843 positions, according to its published holdings. The largest is TSMC at 19.54% of the fund; the ten largest make up 44.4%. Its ten largest holdings are TSMC (19.54%), Samsung Electronics (7.22%), SK hynix (6.51%), Tencent (3.64%), Alibaba Group (2.35%), MediaTek (1.71%), China Construction Bank (1.10%), Samsung Electronics (0.86%), Hon Hai Precision Industry (0.75%) and Industrial and Commercial Bank of China (0.68%).

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

Calendar-year returns of XEMN in pounds (price, with income reinvested in the fund): 2023 +3.4%, 2024 +10.9%, 2025 +33.0%; 2026 to 13/11/2026 +14.2%. Past performance is not a guide to future returns.

**How has XEMN done after inflation?**

Over the three years to 13/11/2026 XEMN’s price changed by +73.0%, or +56.3% 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/IE000TZT8TI0-emerging-markets-net-zero-pathway-paris-aligned-ucits-etf-1c/)
- 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.