# Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution (XJ2D) **Page:** https://fundology.uk/fund/xj2d · ISIN LU3003218958 ## 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, XJ2D (Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution, ISIN LU3003218958) closed at £6.36 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the year to 13/11/2026 its total return was −1.9%, or −5.4% after UK CPIH inflation. ## Summary Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution is an exchange-traded fund (ETF) from Xtrackers, launched in 2025. It tracks the FTSE Japanese Government Bond Index - JPY - Benchmark TR Net — large and medium-sized Japanese companies. 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 paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£6.36** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XJ2D | | ISIN | LU3003218958 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | FTSE Japanese Government Bond Index - JPY - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £340k | | Launched | 2025 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/03/2025 | ## 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 | -1.93% | -5.40% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.7%. Returns of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −7.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -3.7% | -6.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.91% | -7.66% | ## Largest fall Volatility of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution in pounds, annualised from weekly returns to 13/11/2026: 4.9% over 1 year. Largest fall in the price of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution since March 2025, in pounds: −11.2% from 04/04/2025 to 25/09/2026. On 13/11/2026 the price of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution was 9.5% below its highest weekly close since March 2025 (04/04/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution 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 2 funds track FTSE Japanese Government Bond Index - JPY - Benchmark TR Net, 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 Japan Government Bond UCITS ETF -1C- Capitalisation | 0.15% | -11.0% | -25.0% | -44.3% | | Xtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution (this fund) | 0.20% | -1.9% | — | — | 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, XJ2D holds 284 positions, according to its published holdings. The largest is Japan (Government Of) 10YR #383 at 1.52% of the fund; the ten largest make up 12.9%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Japan (Government Of) 10YR #383 | — | 1.52% | | 2 | Japan (Government Of) 10YR #382 | — | 1.48% | | 3 | Japan (Government Of) 10YR #380 | — | 1.45% | | 4 | Japan (Government Of) 10YR #381 | — | 1.39% | | 5 | Japan (Government Of) 5YR #183 | — | 1.36% | | 6 | Japan (Government Of) 10YR #379 | — | 1.25% | | 7 | Japan (Government Of) 10YR #376 | — | 1.14% | | 8 | Japan (Government Of) 10YR #378 | — | 1.14% | | 9 | Japan (Government Of) 10YR #377 | — | 1.08% | | 10 | Japan (Government Of) 5YR #178 | — | 1.06% | All 284 holdings: https://fundology.uk/fund/xj2d/holdings ## Questions people ask **What is the ongoing charge of XJ2D?** The ongoing charge of XJ2D 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 JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- Distribution 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 XJ2D track?** XJ2D tracks the FTSE Japanese Government Bond Index - JPY - Benchmark TR Net — large and medium-sized Japanese companies. **Is XJ2D accumulating or distributing?** XJ2D is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly. **What is the ISIN of XJ2D?** The ISIN of XJ2D is LU3003218958. An ISIN identifies one exact share class of a fund; XJ2D is its ticker on the London Stock Exchange. **What does XJ2D hold?** As of 15/11/2026, XJ2D holds 284 positions, according to its published holdings. The largest is Japan (Government Of) 10YR #383 at 1.52% of the fund; the ten largest make up 12.9%. Its ten largest holdings are Japan (Government Of) 10YR #383 (1.52%), Japan (Government Of) 10YR #382 (1.48%), Japan (Government Of) 10YR #380 (1.45%), Japan (Government Of) 10YR #381 (1.39%), Japan (Government Of) 5YR #183 (1.36%), Japan (Government Of) 10YR #379 (1.25%), Japan (Government Of) 10YR #376 (1.14%), Japan (Government Of) 10YR #378 (1.14%), Japan (Government Of) 10YR #377 (1.08%) and Japan (Government Of) 5YR #178 (1.06%). **What were XJ2D’s returns in each of the last five years?** Calendar-year returns of XJ2D in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.7%. Past performance is not a guide to future returns. **How has XJ2D done after inflation?** Over the year to 13/11/2026 XJ2D’s total return was −1.9%, or −5.4% 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/LU3003218958-japan-government-bond-ucits-etf-2d-gbp-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.