# Xtrackers MSCI World ESG UCITS ETF (XESW)

**Page:** https://fundology.uk/fund/xesw · ISIN IE00BZ02LR44

## 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, XESW (Xtrackers MSCI World ESG UCITS ETF, ISIN IE00BZ02LR44) closed at £41.69 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 13/11/2026 its total return was +57.2%, or +22.7% after UK CPIH inflation.

## Summary

Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2018. It tracks the MSCI WORLD LOW CARBON SRI LEADERS (NR) (USD) — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 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: **£41.69** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XESW |
| ISIN | IE00BZ02LR44 |
| Also listed as | XZW0 (London Stock Exchange, US dollars) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI WORLD LOW CARBON SRI LEADERS (NR) (USD) |
| Income | Accumulating |
| Ongoing charge | 0.22% a year (£22 per £10,000) |
| Fund size | £4.2bn |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/04/2018 |

## 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 | +8.07% | +4.24% | income reinvested |
| 3 years | +57.24% | +42.06% | income reinvested |
| 5 years | +57.18% | +22.69% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund): 2022 −11.5%, 2023 +20.1%, 2024 +23.2%, 2025 +9.4%; 2026 to 13/11/2026 +8.9%. Returns of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +14.7%; to 30/09/2025: +15.6%; to 30/09/2024: +22.8%; to 30/09/2023: +11.0%; to 30/09/2022: −2.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.5% | -19.0% | Price |
| 2023 | +20.1% | +15.3% | Price |
| 2024 | +23.2% | +19.0% | Price |
| 2025 | +9.4% | +5.7% | Price |
| 2026 to 13/11/2026 | +8.9% | +5.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.35% | -10.22% |
| 3 years | 12.85% | -17.71% |
| 5 years | 13.46% | -17.71% |

## Largest fall

Volatility of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD in pounds, annualised from weekly returns to 13/11/2026: 12.3% over 1 year, 12.8% over 3 years, 13.5% over 5 years. Largest fall in the price of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD since November 2021, in pounds: −17.7% from 24/01/2025 to 04/04/2025. The lowest 12-month return of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund) since January 2021 was −11.5% (12 months to 30/12/2022); the highest was +32.3% (12 months to 25/10/2024). On 13/11/2026 the price of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD was 3.8% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI World ESG UCITS ETF Accum Shs -1C- USD 0.22% a year. Compared on 14/11/2026, 109 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 61 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.22%** per year (as of 13/11/2026)
- 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, XESW holds 602 positions, according to its published holdings. The largest is Microsoft at 9.30% of the fund; the ten largest make up 38.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 9.30% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 8.20% |
| 3 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 4.41% |
| 4 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 3.48% |
| 5 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 2.88% |
| 6 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 2.86% |
| 7 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.40% |
| 8 | Visa · Class A | [V](https://fundology.uk/stock/V) | 1.76% |
| 9 | Johnson & Johnson | [JNJ](https://fundology.uk/stock/JNJ) | 1.72% |
| 10 | Mastercard · Class A | [MA](https://fundology.uk/stock/MA) | 1.33% |

## 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 | 29.9% |
| Financials | 19.1% |
| Health Care | 12.0% |
| Communication Services | 10.8% |
| Industrials | 10.3% |
| Consumer Discretionary | 9.1% |
| Materials | 3.2% |
| Consumer Staples | 2.4% |
| Other sectors | 3.1% |
| Not classified | 0.1% |

### By country

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

| Country | Weight |
|---|---|
| United States | 71.7% |
| Japan | 6.1% |
| Canada | 3.1% |
| Switzerland | 2.9% |
| United Kingdom | 2.6% |
| Germany | 2.3% |
| France | 2.1% |
| Australia | 1.2% |
| Other countries | 7.9% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.4% |
| Cash and money market | 0.6% |

The 591 holdings on record (of 602 reported): https://fundology.uk/fund/xesw/holdings

## Questions people ask

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

The ongoing charge of XESW is 0.22% a year — about £22 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 World ESG UCITS ETF Accum Shs -1C- USD 0.22% a year. Compared on 14/11/2026, 109 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 61 less (share classes counted once).

**What does XESW track?**

XESW tracks the MSCI WORLD LOW CARBON SRI LEADERS (NR) (USD) — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US.

**Is XESW accumulating or distributing?**

XESW 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 XESW?**

The ISIN of XESW is IE00BZ02LR44. An ISIN identifies one exact share class of a fund; XESW is its ticker on the London Stock Exchange. The same share class is also listed as XZW0 (London Stock Exchange, US dollars).

**What does XESW hold?**

As of 15/11/2026, XESW holds 602 positions, according to its published holdings. The largest is Microsoft at 9.30% of the fund; the ten largest make up 38.3%. Its ten largest holdings are Microsoft (9.30%), NVIDIA (8.20%), Alphabet · Class A (4.41%), Alphabet · Class C (3.48%), Eli Lilly (2.88%), Tesla (2.86%), Advanced Micro Devices (2.40%), Visa · Class A (1.76%), Johnson & Johnson (1.72%) and Mastercard · Class A (1.33%).

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

Calendar-year returns of XESW in pounds (price, with income reinvested in the fund): 2022 −11.5%, 2023 +20.1%, 2024 +23.2%, 2025 +9.4%; 2026 to 13/11/2026 +8.9%. Past performance is not a guide to future returns.

**How has XESW done after inflation?**

Over the five years to 13/11/2026 XESW’s total return was +57.2%, or +22.7% 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/IE00BZ02LR44-msci-world-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.