# Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation (XUEB) **Page:** https://fundology.uk/fund/xueb · ISIN LU1920015440 ## 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, XUEB (Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation, ISIN LU1920015440) closed at $43.62 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 +15.7%, or −9.7% after UK CPIH inflation. ## Summary Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2020. 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. Latest close: **$43.62** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUEB | | ISIN | LU1920015440 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Xtrackers | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £66.7m | | Launched | 2020 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/03/2020 | ## 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 | +1.61% | -1.98% | income reinvested | | 3 years | +23.13% | +11.25% | income reinvested | | 5 years | +15.69% | -9.70% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −9.8%, 2023 +5.0%, 2024 +8.9%, 2025 +4.4%; 2026 to 13/11/2026 +1.6%. Returns of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2.7%; to 30/09/2025: +7.3%; to 30/09/2024: +9.8%; to 30/09/2023: −1.2%; to 30/09/2022: −8.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.8% | -17.4% | Price | | 2023 | +5.0% | +0.9% | Price | | 2024 | +8.9% | +5.2% | Price | | 2025 | +4.4% | +0.8% | Price | | 2026 to 13/11/2026 | +1.6% | -1.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.83% | -4.42% | | 3 years | 7.28% | -9.76% | | 5 years | 8.84% | -15.02% | ## Largest fall Volatility of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year, 7.3% over 3 years, 8.8% over 5 years. Largest fall in the price of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation since November 2021, in pounds: −15.0% from 10/12/2021 to 17/06/2022. The lowest 12-month return of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −12.2% (12 months to 15/07/2022); the highest was +15.5% (12 months to 26/06/2026). On 13/11/2026 the price of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation was 3.2% below its highest weekly close since November 2021 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 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, XUEB holds 877 positions, according to its published holdings. The largest is Argentina Republic of Government (US040114HT09) at 0.88% of the fund; the ten largest make up 5.1%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Argentina Republic of Government (US040114HT09) | — | 0.88% | | 2 | Ecuador Republic of (Government) (XS2214238441) | — | 0.66% | | 3 | Argentina Republic of Government (US040114HS26) | — | 0.52% | | 4 | Argentina Republic of Government (US040114HU71) | — | 0.51% | | 5 | Ghana (Republic Of) (XS2893151287) | — | 0.47% | | 6 | Argentina Republic of Government (US040114HV54) | — | 0.43% | | 7 | Eagle Funding Luxco Sarl | — | 0.43% | | 8 | Uruguay (Oriental Republic Of) (US760942BA98) | — | 0.42% | | 9 | Oman Sultanate of (Government) (XS1750114396) | — | 0.40% | | 10 | Ukraine (Republic Of) C Bonds | — | 0.39% | ## 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 | |---|---| | Saudi Arabia | 5.4% | | Mexico | 5.3% | | Turkey | 4.3% | | Indonesia | 4.2% | | China | 3.3% | | Brazil | 3.3% | | Poland | 3.1% | | Chile | 3.1% | | Other countries | 68.1% | ### By type of asset Added up from the fund’s published holdings, as of 15/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.7% | | Cash and money market | 0.3% | The 876 holdings on record (of 877 reported): https://fundology.uk/fund/xueb/holdings ## Questions people ask **What is the ongoing charge of XUEB?** The ongoing charge of XUEB 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 J.P. Morgan USD Emerging Markets Bond UCITS ETF -2C- Capitalisation 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once). **Is XUEB accumulating or distributing?** XUEB 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 XUEB?** The ISIN of XUEB is LU1920015440. An ISIN identifies one exact share class of a fund; XUEB is its ticker on the London Stock Exchange. **What does XUEB hold?** As of 15/11/2026, XUEB holds 877 positions, according to its published holdings. The largest is Argentina Republic of Government (US040114HT09) at 0.88% of the fund; the ten largest make up 5.1%. Its ten largest holdings are Argentina Republic of Government (US040114HT09) (0.88%), Ecuador Republic of (Government) (XS2214238441) (0.66%), Argentina Republic of Government (US040114HS26) (0.52%), Argentina Republic of Government (US040114HU71) (0.51%), Ghana (Republic Of) (XS2893151287) (0.47%), Argentina Republic of Government (US040114HV54) (0.43%), Eagle Funding Luxco Sarl (0.43%), Uruguay (Oriental Republic Of) (US760942BA98) (0.42%), Oman Sultanate of (Government) (XS1750114396) (0.40%) and Ukraine (Republic Of) C Bonds (0.39%). **What were XUEB’s returns in each of the last five years?** Calendar-year returns of XUEB in pounds (price, with income reinvested in the fund): 2022 −9.8%, 2023 +5.0%, 2024 +8.9%, 2025 +4.4%; 2026 to 13/11/2026 +1.6%. Past performance is not a guide to future returns. **How has XUEB done after inflation?** Over the five years to 13/11/2026 XUEB’s total return was +15.7%, or −9.7% 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/LU1920015440-j-p-morgan-usd-emerging-markets-bond-ucits-etf-2c/) - 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.