# Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation (XGED) **Page:** https://fundology.uk/fund/xged · ISIN LU2606231335 ## 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, XGED (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation, ISIN LU2606231335) closed at $9.85 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 total return was −2.9%, or −12.2% after UK CPIH inflation. ## Summary Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2023. It tracks the Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR. 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. 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: **$9.85** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XGED | | ISIN | LU2606231335 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £801k | | Launched | 2023 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/05/2023 | ## 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 | +0.05% | -3.49% | income reinvested | | 3 years | -2.85% | -12.23% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund): 2024 +6.3%, 2025 −3.3%; 2026 to 13/11/2026 +1.9%. Returns of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.4%; to 30/09/2025: +3.9%; to 30/09/2024: −0.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +6.3% | +2.7% | Price | | 2025 | -3.3% | -6.6% | Price | | 2026 to 13/11/2026 | +1.9% | -1.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.53% | -4.11% | | 3 years | 6.46% | -8.40% | ## Largest fall Volatility of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.5% over 3 years. Largest fall in the price of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation since May 2023, in pounds: −8.4% from 17/01/2025 to 27/06/2025. The lowest 12-month return of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund) since May 2023 was −5.1% (12 months to 30/01/2026); the highest was +8.9% (12 months to 17/01/2025). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation was 3.1% below its highest weekly close since May 2023 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). ## Funds tracking the same index 3 funds track Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.20% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation (this fund) | 0.20% | +0.1% | -2.9% | — | | Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2D GBP Hedged Distribution | 0.20% | +0.4% | +4.9% | — | | Xtrackers II Eurozone Government Bond 3-5 UCITS ETF Capitalisation 1C | 0.15% | -6.4% | +3.0% | -4.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** 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, XGED holds 23 positions, according to its published holdings. The largest is France (Republic Of) (FR001400Z2L7) at 10.61% of the fund; the ten largest make up 60.2%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | France (Republic Of) (FR001400Z2L7) | — | 10.61% | | 2 | France (Republic Of) (FR001400PM68) | — | 10.19% | | 3 | Germany (Federal Republic Of) (DE000BU25067) | — | 6.09% | | 4 | Germany (Federal Republic Of) (DE000BU25042) | — | 5.39% | | 5 | Germany (Federal Republic Of) (DE000BU25059) | — | 5.19% | | 6 | Spain (Kingdom Of) (ES0000012N43) | — | 4.90% | | 7 | Germany (Federal Republic Of) (DE000BU25075) | — | 4.72% | | 8 | Germany (Federal Republic Of) (DE000BU27006) | — | 4.70% | | 9 | Germany (Federal Republic Of) (DE0001102622) | — | 4.37% | | 10 | Italy (Republic Of) (IT0005519787) | — | 4.03% | ## 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 | |---|---| | Italy | 31.5% | | Germany | 30.5% | | France | 20.8% | | Spain | 11.9% | | Netherlands | 5.3% | All 23 holdings: https://fundology.uk/fund/xged/holdings ## Questions people ask **What is the ongoing charge of XGED?** The ongoing charge of XGED 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 II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once). **What does XGED track?** XGED tracks the Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR. **Is XGED accumulating or distributing?** XGED 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 XGED?** The ISIN of XGED is LU2606231335. An ISIN identifies one exact share class of a fund; XGED is its ticker on the London Stock Exchange. **What does XGED hold?** As of 15/11/2026, XGED holds 23 positions, according to its published holdings. The largest is France (Republic Of) (FR001400Z2L7) at 10.61% of the fund; the ten largest make up 60.2%. Its ten largest holdings are France (Republic Of) (FR001400Z2L7) (10.61%), France (Republic Of) (FR001400PM68) (10.19%), Germany (Federal Republic Of) (DE000BU25067) (6.09%), Germany (Federal Republic Of) (DE000BU25042) (5.39%), Germany (Federal Republic Of) (DE000BU25059) (5.19%), Spain (Kingdom Of) (ES0000012N43) (4.90%), Germany (Federal Republic Of) (DE000BU25075) (4.72%), Germany (Federal Republic Of) (DE000BU27006) (4.70%), Germany (Federal Republic Of) (DE0001102622) (4.37%) and Italy (Republic Of) (IT0005519787) (4.03%). **What were XGED’s returns in each of the last five years?** Calendar-year returns of XGED in pounds (price, with income reinvested in the fund): 2024 +6.3%, 2025 −3.3%; 2026 to 13/11/2026 +1.9%. Past performance is not a guide to future returns. **How has XGED done after inflation?** Over the three years to 13/11/2026 XGED’s total return was −2.9%, or −12.2% 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/LU2606231335-eurozone-government-bond-3-5-ucits-etf-2c-usd-hedged/) - Links checked 12/10/2026. --- 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.