# Xtrackers MSCI Europe ESG UCITS ETF Accum EUR (XZEU)

**Source:** https://fundology.uk/fund/xzeu · ISIN IE00BFMNHK08 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Xtrackers), 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 01/10/2026, XZEU (Xtrackers MSCI Europe ESG UCITS ETF Accum EUR, ISIN IE00BFMNHK08) closed at £30.90 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 01/10/2026 its total return was +43.1%, or +11.9% after UK CPIH inflation.

## Summary

Xtrackers MSCI Europe ESG UCITS ETF Accum EUR is an exchange-traded fund (ETF) from Xtrackers, launched in 2018. It tracks the MSCI Europe Low Carbon SRI Leaders Index - EUR - Benchmark TR Net — large and medium-sized European 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£30.90** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XZEU |
| ISIN | IE00BFMNHK08 |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Europe Low Carbon SRI Leaders Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £738m |
| Launched | 2018 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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 | +9.65% | +6.20% | income reinvested |
| 3 years | +40.41% | +26.70% | income reinvested |
| 5 years | +43.08% | +11.85% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.2%, 2024 +6.6%, 2025 +12.9%; 2026 to 01/10/2026 +6.0%. Returns of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +11.0%; to 30/09/2025: +4.4%; to 30/09/2024: +20.3%; to 30/09/2023: +17.8%; to 30/09/2022: −13.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.8% | -15.6% | Price |
| 2023 | +14.2% | +9.7% | Price |
| 2024 | +6.6% | +2.9% | Price |
| 2025 | +12.9% | +9.1% | Price |
| 2026 to 01/10/2026 | +6.0% | +3.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.57% | -11.31% |
| 3 years | 12.55% | -11.31% |
| 5 years | 13.95% | -17.87% |

## Largest fall

Volatility of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR in pounds, annualised from weekly returns to 01/10/2026: 13.6% over 1 year, 12.5% over 3 years, 13.9% over 5 years. Largest fall in the price of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR since October 2021, in pounds: −17.9% from 12/11/2021 to 14/10/2022. The lowest 12-month return of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) since January 2021 was −12.9% (12 months to 14/10/2022); the highest was +24.4% (12 months to 18/10/2024). On 01/10/2026 the price of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR was 4.7% below its highest weekly close since October 2021 (12/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI Europe ESG UCITS ETF Accum EUR 0.20% a year, as of 02/10/2026: 112 of the 163 other sustainable and clean-energy funds charge more, 14 the same and 37 less (share classes counted once).

## Charges & eligibility

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

## What it holds

As of 01/10/2026, XZEU holds 191 positions, according to the holdings Xtrackers publishes. The largest is ASML at 10.48% of the fund; the ten largest make up 39.4%.

### Top holdings

Largest positions (as of 01/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 10.48% |
| 2 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 5.46% |
| 3 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 4.23% |
| 4 | Siemens N | — | 3.69% |
| 5 | SAP | [SAP](https://fundology.uk/stock/SAP) | 3.39% |
| 6 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 2.94% |
| 7 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 2.91% |
| 8 | ABB | [ABJ](https://fundology.uk/stock/ABJ) | 2.39% |
| 9 | Novo Nordisk · Class B | [NOVO_B](https://fundology.uk/stock/NOVO_B) | 1.96% |
| 10 | Lair Liquide Societe Anonyme Pour | — | 1.90% |

Source: Xtrackers, holdings as published, as of 01/10/2026.

## 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 |
|---|---|
| Financials | 28.7% |
| Industrials | 21.1% |
| Information Technology | 13.9% |
| Health Care | 13.4% |
| Consumer Staples | 5.7% |
| Consumer Discretionary | 5.5% |
| Materials | 5.3% |
| Communication Services | 4.1% |
| Other sectors | 2.2% |

### By country

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

| Country | Weight |
|---|---|
| Switzerland | 16.9% |
| Netherlands | 15.7% |
| United Kingdom | 15.6% |
| Germany | 15.3% |
| France | 15.0% |
| Denmark | 4.2% |
| Sweden | 3.6% |
| Italy | 2.6% |
| Other countries | 11.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 100.0% |
| Cash and money market | 0.1% |

All 191 holdings: https://fundology.uk/fund/xzeu/holdings

## Questions people ask

**What is the ongoing charge of XZEU?**

The ongoing charge of XZEU 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 MSCI Europe ESG UCITS ETF Accum EUR 0.20% a year, as of 02/10/2026: 112 of the 163 other sustainable and clean-energy funds charge more, 14 the same and 37 less (share classes counted once).

**What does XZEU track?**

XZEU tracks the MSCI Europe Low Carbon SRI Leaders Index - EUR - Benchmark TR Net — large and medium-sized European companies.

**Is XZEU accumulating or distributing?**

XZEU 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 XZEU?**

The ISIN of XZEU is IE00BFMNHK08. An ISIN identifies one exact share class of a fund; XZEU is its ticker on the London Stock Exchange.

**What does XZEU hold?**

As of 01/10/2026, XZEU holds 191 positions, according to the holdings Xtrackers publishes. The largest is ASML at 10.48% of the fund; the ten largest make up 39.4%. Its ten largest holdings are ASML (10.48%), HSBC (5.46%), Novartis (4.23%), Siemens N (3.69%), SAP (3.39%), Schneider Electric (2.94%), Allianz (2.91%), ABB (2.39%), Novo Nordisk · Class B (1.96%) and Lair Liquide Societe Anonyme Pour (1.90%).

**What were XZEU’s returns in each of the last five years?**

Calendar-year returns of XZEU in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.2%, 2024 +6.6%, 2025 +12.9%; 2026 to 01/10/2026 +6.0%. Past performance is not a guide to future returns.

**How has XZEU done after inflation?**

Over the five years to 01/10/2026 XZEU’s total return was +43.1%, or +11.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.