# Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc (XG7U)

**Page:** https://fundology.uk/fund/xg7u · ISIN LU0641007009

## 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, XG7U (Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc, ISIN LU0641007009) closed at $27.42 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 −9.6%, or −29.5% after UK CPIH inflation.

## Summary

Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc is an exchange-traded fund (ETF) from Xtrackers, launched in 2013. It tracks the Bloomberg Barclays World Government Inflation-Linked Bond USD Hedged Index - USD. 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. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$27.42** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XG7U |
| ISIN | LU0641007009 |
| Category | Government bonds |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | Bloomberg Barclays World Government Inflation-Linked Bond USD Hedged Index - USD |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £36.0m |
| Launched | 2013 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/02/2013 |

## 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 | -0.51% | -4.04% | income reinvested |
| 3 years | +1.28% | -8.49% | income reinvested |
| 5 years | -9.63% | -29.46% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc in pounds (price, with income reinvested in the fund): 2022 −7.1%, 2023 −1.5%, 2024 +2.0%, 2025 −3.7%; 2026 to 13/11/2026 +1.4%. Returns of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.6%; to 30/09/2025: +0.4%; to 30/09/2024: −0.6%; to 30/09/2023: −11.2%; to 30/09/2022: +4.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.1% | -14.9% | Price |
| 2023 | -1.5% | -5.4% | Price |
| 2024 | +2.0% | -1.5% | Price |
| 2025 | -3.7% | -7.0% | Price |
| 2026 to 13/11/2026 | +1.4% | -1.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.76% | -4.10% |
| 3 years | 7.21% | -9.07% |
| 5 years | 9.13% | -16.84% |

## Largest fall

Volatility of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year, 7.2% over 3 years, 9.1% over 5 years. Largest fall in the price of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc since November 2021, in pounds: −16.8% from 10/12/2021 to 14/07/2023. The lowest 12-month return of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc in pounds (price, with income reinvested in the fund) since January 2021 was −15.2% (12 months to 18/08/2023); the highest was +14.9% (12 months to 13/05/2022). On 13/11/2026 the price of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc was 12.0% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, XG7U holds 156 positions, according to its published holdings. The largest is Treasury (Cpi) Note (US91282CNS60) at 1.79% of the fund; the ten largest make up 16.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury (Cpi) Note (US91282CNS60) | — | 1.79% |
| 2 | Treasury (Cpi) Note (US91282CML27) | — | 1.73% |
| 3 | Treasury (Cpi) Note (US91282CPU98) | — | 1.72% |
| 4 | Treasury (Cpi) Note (US91282CQP94) | — | 1.66% |
| 5 | Treasury (Cpi) Note (US91282CDX65) | — | 1.62% |
| 6 | Treasury (Cpi) Note (US91282CLE92) | — | 1.62% |
| 7 | Treasury (Cpi) Note (US91282CPH87) | — | 1.59% |
| 8 | Treasury (Cpi) Note (US91282CJY84) | — | 1.57% |
| 9 | Treasury (Cpi) Note (US91282CNB36) | — | 1.57% |
| 10 | Treasury (Cpi) Note (US9128283R96) | — | 1.54% |

## 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 |
|---|---|
| United States | 51.5% |
| United Kingdom | 22.8% |
| France | 8.3% |
| Italy | 7.0% |
| Spain | 3.3% |
| Germany | 1.9% |
| Japan | 1.6% |
| Canada | 1.3% |
| Other countries | 2.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.8% |
| Equity | 0.2% |

All 156 holdings: https://fundology.uk/fund/xg7u/holdings

## Questions people ask

**What is the ongoing charge of XG7U?**

The ongoing charge of XG7U 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 II Global Inflation-Linked Bond UCITS ETF USD Hedged Acc 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

**What does XG7U track?**

XG7U tracks the Bloomberg Barclays World Government Inflation-Linked Bond USD Hedged Index - USD.

**Is XG7U accumulating or distributing?**

XG7U 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 XG7U?**

The ISIN of XG7U is LU0641007009. An ISIN identifies one exact share class of a fund; XG7U is its ticker on the London Stock Exchange.

**What does XG7U hold?**

As of 15/11/2026, XG7U holds 156 positions, according to its published holdings. The largest is Treasury (Cpi) Note (US91282CNS60) at 1.79% of the fund; the ten largest make up 16.4%. Its ten largest holdings are Treasury (Cpi) Note (US91282CNS60) (1.79%), Treasury (Cpi) Note (US91282CML27) (1.73%), Treasury (Cpi) Note (US91282CPU98) (1.72%), Treasury (Cpi) Note (US91282CQP94) (1.66%), Treasury (Cpi) Note (US91282CDX65) (1.62%), Treasury (Cpi) Note (US91282CLE92) (1.62%), Treasury (Cpi) Note (US91282CPH87) (1.59%), Treasury (Cpi) Note (US91282CJY84) (1.57%), Treasury (Cpi) Note (US91282CNB36) (1.57%) and Treasury (Cpi) Note (US9128283R96) (1.54%).

**What were XG7U’s returns in each of the last five years?**

Calendar-year returns of XG7U in pounds (price, with income reinvested in the fund): 2022 −7.1%, 2023 −1.5%, 2024 +2.0%, 2025 −3.7%; 2026 to 13/11/2026 +1.4%. Past performance is not a guide to future returns.

**How has XG7U done after inflation?**

Over the five years to 13/11/2026 XG7U’s total return was −9.6%, or −29.5% 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/LU0641007009-global-inflation-linked-bond-ucits-etf-2c-usd-hedged/)
- 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.