# Xtrackers II Eurozone Government Bond UCITS ETF (XGLE) **Page:** https://fundology.uk/fund/xgle · ISIN LU0290355717 ## 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, XGLE (Xtrackers II Eurozone Government Bond UCITS ETF, ISIN LU0290355717) closed at €217.48 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was −15.3%, or −33.9% after UK CPIH inflation. ## Summary Xtrackers II Eurozone Government Bond UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the iBoxx Euro Sovereigns. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.07% a year — about £7 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: **€217.48** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XGLE | | ISIN | LU0290355717 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | iBoxx Euro Sovereigns | | Income | Accumulating | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £2.0bn | | Launched | 2007 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2010 | ## 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 | -7.47% | -10.74% | income reinvested | | 3 years | +2.09% | -7.77% | income reinvested | | 5 years | -15.33% | -33.91% | 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 UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +4.6%, 2024 −3.5%, 2025 +5.9%; 2026 to 13/11/2026 −5.9%. Returns of Xtrackers II Eurozone Government Bond UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −5.1%; to 30/09/2025: +5.1%; to 30/09/2024: +5.3%; to 30/09/2023: −4.5%; to 30/09/2022: −14.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -13.7% | -21.0% | Price | | 2023 | +4.6% | +0.5% | Price | | 2024 | -3.5% | -6.8% | Price | | 2025 | +5.9% | +2.3% | Price | | 2026 to 13/11/2026 | -5.9% | -8.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.33% | -9.00% | | 3 years | 5.57% | -9.00% | | 5 years | 6.74% | -19.40% | ## Largest fall Volatility of Xtrackers II Eurozone Government Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.3% over 1 year, 5.6% over 3 years, 6.7% over 5 years. Largest fall in the price of Xtrackers II Eurozone Government Bond UCITS ETF since November 2021, in pounds: −19.4% from 10/12/2021 to 06/10/2023. The lowest 12-month return of Xtrackers II Eurozone Government Bond UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −16.6% (12 months to 04/11/2022); the highest was +8.5% (12 months to 27/02/2026). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond UCITS ETF was 16.0% below its highest weekly close since November 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II Eurozone Government Bond UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). ## Funds tracking the same index 3 funds track iBoxx Euro Sovereigns, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.20% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II Eurozone Government Bond UCITS ETF (this fund) | 0.07% | -7.5% | +2.1% | -15.3% | | Xtrackers II Eurozone Government Bond UCITS ETF -2D Hedged- Distribution | 0.20% | -0.8% | +2.1% | — | | Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation | 0.20% | -1.2% | +3.7% | +3.5% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** 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, XGLE holds 558 positions, according to its published holdings. The largest is France (Republic Of) (FR0011883966) at 0.88% of the fund; the ten largest make up 7.6%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | France (Republic Of) (FR0011883966) | — | 0.88% | | 2 | France (Republic Of) (FR0012993103) | — | 0.80% | | 3 | France (Republic Of) (FR001400L834) | — | 0.80% | | 4 | France (Republic Of) (FR0013286192) | — | 0.77% | | 5 | France (Republic Of) (FR001400HI98) | — | 0.76% | | 6 | France (Republic Of) (FR0013341682) | — | 0.75% | | 7 | France (Republic Of) (FR001400Z2L7) | — | 0.75% | | 8 | France (Republic Of) (FR001400PM68) | — | 0.74% | | 9 | France (Republic Of) (FR0013407236) | — | 0.69% | | 10 | France (Republic Of) (FR001400BKZ3) | — | 0.69% | ## 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 15/11/2026. | Country | Weight | |---|---| | France | 23.1% | | Italy | 21.7% | | Germany | 19.5% | | Spain | 14.4% | | Belgium | 4.8% | | Netherlands | 4.2% | | Austria | 3.5% | | Portugal | 1.9% | | Other countries | 6.9% | ### By type of asset Added up from the fund’s published holdings, as of 15/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | The 555 holdings on record (of 558 reported): https://fundology.uk/fund/xgle/holdings ## Questions people ask **What is the ongoing charge of XGLE?** The ongoing charge of XGLE is 0.07% a year — about £7 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 UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). **What does XGLE track?** XGLE tracks the iBoxx Euro Sovereigns. **Is XGLE accumulating or distributing?** XGLE 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 XGLE?** The ISIN of XGLE is LU0290355717. An ISIN identifies one exact share class of a fund; XGLE is its ticker on the London Stock Exchange. **What does XGLE hold?** As of 15/11/2026, XGLE holds 558 positions, according to its published holdings. The largest is France (Republic Of) (FR0011883966) at 0.88% of the fund; the ten largest make up 7.6%. Its ten largest holdings are France (Republic Of) (FR0011883966) (0.88%), France (Republic Of) (FR0012993103) (0.80%), France (Republic Of) (FR001400L834) (0.80%), France (Republic Of) (FR0013286192) (0.77%), France (Republic Of) (FR001400HI98) (0.76%), France (Republic Of) (FR0013341682) (0.75%), France (Republic Of) (FR001400Z2L7) (0.75%), France (Republic Of) (FR001400PM68) (0.74%), France (Republic Of) (FR0013407236) (0.69%) and France (Republic Of) (FR001400BKZ3) (0.69%). **What were XGLE’s returns in each of the last five years?** Calendar-year returns of XGLE in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +4.6%, 2024 −3.5%, 2025 +5.9%; 2026 to 13/11/2026 −5.9%. Past performance is not a guide to future returns. **How has XGLE done after inflation?** Over the five years to 13/11/2026 XGLE’s total return was −15.3%, or −33.9% 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/LU0290355717-eurozone-government-bond-ucits-etf-1c/) - 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.