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ETF sheet · Issuer-declared data

Xtrackers Msci Nordic UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: IE000BO2Y0T8Issuer: Xtrackers
Issuer-declared data
Declared index
MSCI NORDIC COUNTRIES INDEX (EUR)
TER
0.30%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
1.1 bn EUR
Domicile
Ireland
Inception date
5 February 2025
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Xtrackers Msci Nordic UCITS ETF 1c tracks the issuer-declared index: MSCI NORDIC COUNTRIES INDEX (EUR). The declared annual cost (TER) is 0.30%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 1.1 billion euro, was launched on 5 February 2025 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the MSCI Nordic Countries Index (index) which is designed to reflect the performance of the shares of certain companies in developed markets in Nordic countries, namely: Denmark, Finland, Norway and Sweden.

DESCRIPTION OF INDEX:The companies making up the index are large and medium sized companies based on the combined value of a company’s readily available shares as compares to other companies.

Keep reading the KID section ▾

A company’s weighting in the index depends on its relative size.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by MSCI Limited. The index is calculated on a total return net basis. This means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed at least quarterly. The index is calculated in USD on a daily basis.

INVESTMENT POLICY:To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives). The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is EUR. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.30%: above the median of equity ETFs we track (0.22%).
  • Assets larger than 76% of equity ETFs we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Feb 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+13.3%
Annualised
+8.2%
Volatility (ann.)
16.7%
Max drawdown
-21.55%
-20%-11%-1%+8%+18%Feb 2025Jul 2025Nov 2025Apr 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+13%Feb 2025Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%-25%-30%20252026−21.55% · 09 Apr 2025
Max drawdown
-21.55%
peak → trough
Trough
09 Apr 2025
from the 26 Feb 2025 peak
Recovery time
273 days
recovery only: trough to break-even · ≈ 9 months
Underwater
315 days
decline + recovery: peak to break-even · ≈ 10 months · → recovered on 07 Jan 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Feb 202509 Apr 2025-21.55%07 Jan 2026315
27 Jan 202620 Mar 2026-9.20%17 Apr 202680
25 May 202611 Jun 2026-4.31%04 Aug 202671
17 Apr 202629 Apr 2026-3.50%06 May 202619
06 May 202612 May 2026-2.43%21 May 202615

Calendar-year returns

2025
1.2%
2026
11.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20265.2-0.4-5.35.93.7-1.31.72.10.211.9
2025-8.9-2.04.7-1.1-4.83.30.42.70.13.91.2
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.30%
YearFundIndexDifference
2025+1.17%+0.53%+0.65%
Figures declared by the issuer in the SICAV’s audited annual report (net fund and index returns per calendar year, as of 31 December 2025), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)13.74%16.48%
Max drawdown-9.20%-21.55%
Sharpe1.170.41
Sortino1.720.56
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
84
Top-10 weight
40.6%

Top 10 holdings

NOVO NORDISK CLASS B
9.35%
SPOTIFY TECHNOLOGY
5.09%
INVESTOR CLASS B
4.71%
NORDEA BANK
3.99%
VOLVO CLASS B
3.56%
ATLAS COPCO CLASS A
3.34%
NOKIA
3.18%
SANDVIK
2.57%
DSV
2.52%
ASSA ABLOY CLASS B
2.28%

Sectors

Industrials
31.7%
Financials
22.9%
Health Care
12.6%
Communication Services
7.9%
Information Technology
6.2%
Materials
5.7%
Energy
3.9%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.5%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmark: 23.6%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinland: 16.5%FijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 5.1%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorway: 8.7%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 43.6%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Sweden43.6%
Denmark23.6%
Finland16.5%
Norway8.7%
Luxembourg5.1%
Brazil0.5%
United Kingdom0.2%
⬇ Download the full portfolio — Excel, 84 rows
Full portfolio declared by Xtrackers, as of 2 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackersnot on Borsa Italiana
0.30%Dist.1.1 mld EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfXMN117 Feb 2025
Börse FrankfurtXMN114 Feb 2025
Börse HamburgXMN12 Dec 2025
Börse HannoverXMN122 May 2025
Börse München / gettexXMN114 Feb 2025
Börse StuttgartXMN120 Feb 2025
Nasdaq Stockholm—12 Dec 2025
Tradegate ExchangeXMN120 Feb 2025
Xetra (Deutsche Börse)XMN114 Feb 2025
+ 10 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Xtrackers Msci Nordic UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: MSCI NORDIC COUNTRIES INDEX (EUR).
How much does Xtrackers Msci Nordic UCITS ETF 1c cost?
The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of Xtrackers Msci Nordic UCITS ETF 1c?
The fund size declared by Xtrackers is about 1.1 billion euro.
When was Xtrackers Msci Nordic UCITS ETF 1c launched?
The fund was launched on 5 February 2025: it has 1 year of history.
How does Xtrackers Msci Nordic UCITS ETF 1c replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does Xtrackers Msci Nordic UCITS ETF 1c pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does Xtrackers Msci Nordic UCITS ETF 1c trade?
Per the official ESMA register it trades on 9 main exchanges, including Börse Düsseldorf (XMN1), Börse Frankfurt (XMN1), Börse Hamburg (XMN1), Börse Hannover (XMN1), Börse München / gettex (XMN1), Börse Stuttgart (XMN1).
What was Xtrackers Msci Nordic UCITS ETF 1c's worst fall?
Over the available history (since 2025), the maximum drawdown was -21.55%, reached in April 2025. Past performance is not indicative of future results.
How many securities does Xtrackers Msci Nordic UCITS ETF 1c hold?
The declared portfolio holds 84 securities; the top 10 positions weigh 40.6%.
Transparency note
The data in this sheet is declared by Xtrackers in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.