# Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation (XGLU)

**Source:** https://fundology.uk/fund/xglu · ISIN LU2009147591 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, XGLU (Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation, ISIN LU2009147591) closed at $68.59 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was +1.7%, or −20.5% after UK CPIH inflation.

## Summary

Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2020. 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 0.2% 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: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **$68.59** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XGLU |
| ISIN | LU2009147591 |
| Category | Government bonds |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | iBoxx Euro Sovereigns |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £122m |
| Launched | 2020 |
| Domicile | Luxembourg |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -0.01% | -3.14% | income reinvested |
| 3 years | +2.92% | -7.13% | income reinvested |
| 5 years | +1.66% | -20.53% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation 0.20% a year, as of 01/10/2026: 54 of the 274 other government bond funds charge more, 24 the same and 196 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 (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II Eurozone Government Bond UCITS ETF | 0.07% | -4.9% | +4.8% | -15.0% |
| Xtrackers II Eurozone Government Bond UCITS ETF -2D Hedged- Distribution | 0.20% | -1.2% | +0.3% | — |
| Xtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged Capitalisation (this fund) | 0.20% | -0.0% | +2.9% | +1.7% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 01/10/2026):

| Holding | Weight |
|---|---|
| Italy (Republic Of) | 21.33% |
| Spain (Kingdom Of) | 8.98% |
| Germany (Federal Republic Of) | 8.56% |
| France (Republic Of) | 8.42% |
| Portugal (Republic Of) | 1.86% |
| Belgium (Kingdom Of) | 1.18% |
| Greece Republic of (Government) | 0.96% |
| Netherlands (Kingdom Of) | 0.92% |
| Austria (Republic Of) | 0.91% |
| Finland (Republic Of) | 0.82% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Sector | Weight |
|---|---|
| unknown | 99.2% |
| Government | 0.8% |

### By country

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Country | Weight |
|---|---|
| France | 24.0% |
| Italy | 21.6% |
| Germany | 19.4% |
| Spain | 13.9% |
| Belgium | 4.9% |
| Netherlands | 4.0% |
| Austria | 3.5% |
| Portugal | 1.9% |
| Other countries | 6.7% |
| Not classified | 0.0% |

### By type of asset

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.8% |
| Equity | 0.1% |
| Cash and money market | 0.0% |

All 215 holdings: https://fundology.uk/fund/xglu/holdings

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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.