# Xtrackers MSCI Emerging Markets ESG UCITS ETF (XESE)

**Page:** https://fundology.uk/fund/xese · ISIN IE00BG370F43

## 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, XESE (Xtrackers MSCI Emerging Markets ESG UCITS ETF, ISIN IE00BG370F43) closed at £46.55 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 +14.0%, or −11.0% after UK CPIH inflation.

## Summary

Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2019. It tracks the MSCI Emerging Markets Low Carbon SRI Selection Index - USD - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. 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: **£46.55** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XESE |
| ISIN | IE00BG370F43 |
| Also listed as | XZEM (London Stock Exchange, US dollars) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Emerging Markets Low Carbon SRI Selection Index - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £962m |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 15/10/2019 |

## 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 | -0.77% | -4.28% | income reinvested |
| 3 years | +42.07% | +28.36% | income reinvested |
| 5 years | +14.02% | -11.00% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund): 2022 −11.4%, 2023 −1.9%, 2024 +13.2%, 2025 +22.9%; 2026 to 13/11/2026 −1.9%. Returns of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +9.0%; to 30/09/2025: +20.3%; to 30/09/2024: +15.7%; to 30/09/2023: +0.2%; to 30/09/2022: −15.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.4% | -18.9% | Price |
| 2023 | -1.9% | -5.8% | Price |
| 2024 | +13.2% | +9.4% | Price |
| 2025 | +22.9% | +18.7% | Price |
| 2026 to 13/11/2026 | -1.9% | -5.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 17.42% | -15.40% |
| 3 years | 15.67% | -15.40% |
| 5 years | 17.00% | -28.25% |

## Largest fall

Volatility of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD in pounds, annualised from weekly returns to 13/11/2026: 17.4% over 1 year, 15.7% over 3 years, 17.0% over 5 years. Largest fall in the price of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD since November 2021, in pounds: −26.1% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund) since January 2021 was −24.9% (12 months to 28/10/2022); the highest was +42.3% (12 months to 17/04/2026). On 13/11/2026 the price of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD was 14.0% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD 0.25% a year. Compared on 14/11/2026, 84 of the 177 other sustainable and clean-energy funds charge more, 15 the same and 78 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 15/11/2026, XESE holds 340 positions, according to its published holdings. The largest is TSMC at 20.62% of the fund; the ten largest make up 48.8%.

### 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) | 20.62% |
| 2 | SK hynix | [000660](https://fundology.uk/stock/000660) | 9.28% |
| 3 | Tencent | [700](https://fundology.uk/stock/700) | 6.20% |
| 4 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 3.99% |
| 5 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 2.23% |
| 6 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 1.96% |
| 7 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 1.46% |
| 8 | SK Square | [402340](https://fundology.uk/stock/402340) | 1.09% |
| 9 | Al Rajhi Bank | [1120](https://fundology.uk/stock/1120) | 1.00% |
| 10 | Meituan | [3690](https://fundology.uk/stock/3690) | 0.92% |

## 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 15/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 35.2% |
| Financials | 26.1% |
| Communication Services | 10.8% |
| Consumer Discretionary | 10.3% |
| Industrials | 5.5% |
| Health Care | 3.9% |
| Consumer Staples | 3.0% |
| Materials | 2.5% |
| Other sectors | 2.2% |
| Not classified | 0.2% |

### By country

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

| Country | Weight |
|---|---|
| Taiwan | 28.8% |
| China | 26.5% |
| South Korea | 17.1% |
| India | 6.9% |
| South Africa | 4.1% |
| Mexico | 2.5% |
| Brazil | 2.3% |
| Saudi Arabia | 2.2% |
| Other countries | 9.3% |
| Not classified | 0.2% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.8% |
| Cash and money market | 0.2% |

The 336 holdings on record (of 340 reported): https://fundology.uk/fund/xese/holdings

## Questions people ask

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

The ongoing charge of XESE 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 MSCI Emerging Markets ESG UCITS ETF Accum Shs -1C- USD 0.25% a year. Compared on 14/11/2026, 84 of the 177 other sustainable and clean-energy funds charge more, 15 the same and 78 less (share classes counted once).

**What does XESE track?**

XESE tracks the MSCI Emerging Markets Low Carbon SRI Selection Index - USD - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is XESE accumulating or distributing?**

XESE 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 XESE?**

The ISIN of XESE is IE00BG370F43. An ISIN identifies one exact share class of a fund; XESE is its ticker on the London Stock Exchange. The same share class is also listed as XZEM (London Stock Exchange, US dollars).

**What does XESE hold?**

As of 15/11/2026, XESE holds 340 positions, according to its published holdings. The largest is TSMC at 20.62% of the fund; the ten largest make up 48.8%. Its ten largest holdings are TSMC (20.62%), SK hynix (9.28%), Tencent (6.20%), Alibaba Group (3.99%), China Construction Bank (2.23%), HDFC Bank (1.96%), Delta Electronics (1.46%), SK Square (1.09%), Al Rajhi Bank (1.00%) and Meituan (0.92%).

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

Calendar-year returns of XESE in pounds (price, with income reinvested in the fund): 2022 −11.4%, 2023 −1.9%, 2024 +13.2%, 2025 +22.9%; 2026 to 13/11/2026 −1.9%. Past performance is not a guide to future returns.

**How has XESE done after inflation?**

Over the five years to 13/11/2026 XESE’s total return was +14.0%, or −11.0% 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/IE00BG370F43-msci-emerging-markets-esg-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.