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ETF sheet · Issuer-declared data

L&G China CNY Bond UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE000F472DU7Ticker: DRGEIssuer: LGIM
Issuer-declared data
TER
0.30%
Transaction costs
0.00% (issuer estimate, from the KID)
Management fees and other administrative or operating costs — PRIIPs KID
0.27% (previous period or estimate; not the TER)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
91.8 mln EUR
Domicile
Ireland
Inception date
19 July 2021
Data as declared by LGIM in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

L&G China CNY Bond UCITS ETF tracks the issuer-declared index: J.P. Morgan China Custom Liquid ESG Capped Index. The declared annual cost (TER) is 0.30%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (the KID declares buying every index constituent); income is distributed to investors. The fund has assets of about 92 million euro, was launched on 19 July 2021 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 investment objective of the Fund is to provide exposure to the government and policy bank bond market in the People’s Republic of China. The Fund is passively managed and aims to track the performance of the J.P. Morgan China Custom Liquid ESG Capped Index (the “Index”), before the deduction of fees and expenses. The Index is designed to provide exposure to CNY denominated government bonds and policy bank bonds issued in the People’s Republic of China, in accordance with its methodology.

Keep reading the KID section ▾

The Fund seeks to achieve its investment objective by investing primarily in bond securities that, as far as possible and practicable, make up the Index in similar proportions to their weightings in the Index. Where it is not possible or practicable to invest directly in all of the constituents of the Index, the Fund may also invest in bond related securities and instruments that are not constituents of the Index but have similar risk and performance characteristics, and may use financial derivative instruments for efficient portfolio management or to assist in tracking the performance of the Index. This Share Class aims to pay semi-annual dividends out of the Fund's net income by electronic transfer. Shares in this Share Class (the "Shares") are denominated in EUR and can be bought and sold on stock exchanges by ordinary investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares directly with the Company. Authorised Participants may redeem their Shares on demand in accordance with the "Dealing Timetable" published on http://www.lgim.com.

The depositary of the Fund is the Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund and the share class can be obtained from the Company's prospectus and the annual and semi-annual reports, which are available, in addition to the latest prices for the share class and details of any other share classes, free of charge at: www.lgim.com.

Intended Retail Investor:The Fund is designed for investors looking for a combination of growth and income from an investment in eligible fixed-rate CNY denominated government and policy bank bonds which can form part of their existing savings portfolio. Although investors can take their money out at any time, the Fund may not be appropriate for those who plan to withdraw their money within five years. The Fund is not designed for investors who cannot afford more than a minimal loss of their investment.

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 bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.25% p.a., against a declared TER of 0.30%.
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 Italian, 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 Jul 2021 to Jul 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+15.8%
Annualised
+3.0%
Volatility (ann.)
7.4%
Max drawdown
-13.94%
-3%+3%+9%+15%+21%Jul 2021Oct 2022Jan 2024Apr 2025Jul 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+16%Jul 2021Jul 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%202120222023202420252026−13.94% · 19 Jul 2023
Max drawdown
-13.94%
peak → trough
Trough
19 Jul 2023
from the 22 Aug 2022 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,439 days
decline + recovery: peak to break-even · ≈ 3 years and 11 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
22 Aug 202219 Jul 2023-13.94%ongoing1,439
18 Apr 202226 May 2022-4.40%05 Jul 202278
08 Mar 202230 Mar 2022-3.03%14 Apr 202237
14 Jul 202210 Aug 2022-2.98%22 Aug 202239
27 Jan 202210 Feb 2022-2.57%24 Feb 202228

Calendar-year returns

2021
7.6%
2022
0.0%
2023
-2.0%
2024
9.9%
2025
-7.1%
2026
7.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.42.22.0-0.41.91.90.27.6
20250.2-0.9-3.4-4.31.1-2.62.1-1.5-0.12.3-0.10.2-7.1
20241.10.7-0.11.2-1.11.60.2-0.30.31.61.82.49.9
20231.1-0.2-1.0-2.01.6-4.10.80.02.00.2-0.50.1-2.0
20222.40.40.41.8-2.11.82.6-0.2-0.4-3.0-2.7-0.80.0
20210.62.01.04.0-0.57.6
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: LGIM. 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 — fund vs index

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. Tracking difference was positive in 0 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.25% /anno
Declared TER
0.30%
YearFundIndexDifference
2025-7.07%-6.94%-0.13%
2024+9.89%+10.18%-0.29%
2023-2.01%-1.69%-0.32%
2022+0.02%+0.58%-0.56%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 years
Volatility (ann.)4.85%6.65%7.41%
Max drawdown-2.72%-12.59%-17.59%
Sharpe1.18-0.23-0.22
Sortino1.72-0.30-0.30
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.

Duration and maturities

Duration · modified duration
5.49years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
0–5 years
57.40%
5–10 years
31.80%
10–15 years
0.40%
15–20 years
1.70%
20–25 years
2.90%
25–30 years
5.80%

Source: factsheet LGIM, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings

Top-10 weight
9.6%

Top 10 holdings

Cina 1,79% 25/03/32
1.10%
Cina 1,43% 25/01/30
1.00%
Agricultural Dev BoC 3,74% 12/07/29
1.00%
Cina 1,83% 25/08/35
1.00%
Agricultural Dev BoC 2,96% 17/04/30
1.00%
Cina 1,50% 15/04/31
0.90%
Cina 1,45% 25/02/28
0.90%
Agricultural Dev BoC 3,06% 06/06/32
0.90%
Cina 1,32% 25/02/29
0.90%
Cina 1,75% 25/02/36
0.90%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChina: 100%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast 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
China100%
Top 10 holdings and breakdowns as declared by LGIM in the fund factsheet, data as of 30 June 2026. 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 →

Dividends

Latest dividend
0.0744 EUR
ex 16 Jul 2026 · paid 24 Jul 2026
Dividends, last 12 months
0.15 EUR
Dividend yield
1.48%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.15 EUR1.61 %
20250.20 EUR1.88 %
20240.24 EUR2.35 %
20230.26 EUR2.44 %
20220.27 EUR2.52 %

Dividend contribution to total return

-10%0%10%+9.97 %1 year−7.03 %2025+9.62 %2024−1.95 %2023+0.10 %2022
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.080.07
20250.110.09
20240.130.11
20230.140.12
20220.130.14

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.0744 EUR16 Jul 202617 Jul 202624 Jul 2026
0.0795 EUR15 Jan 202616 Jan 202623 Jan 2026
0.0885 EUR17 Jul 202518 Jul 202525 Jul 2025
0.1142 EUR16 Jan 202517 Jan 202524 Jan 2025
0.1051 EUR11 Jul 202412 Jul 202419 Jul 2024
0.1308 EUR18 Jan 202419 Jan 202426 Jan 2024
0.12 EUR20 Jul 202321 Jul 202328 Jul 2023
0.1357 EUR19 Jan 202320 Jan 202327 Jan 2023
Per-share dividends as declared by the issuer, in EUR, since the first payment (13 Jan 2022). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE000F472DU7 (share class EUR Dist.). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
EUR Dist. · this pageIE000F472DU7DRGEDistributingEUR
USD Dist.IE00BLRPQL76DRGNDistributingUSD
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Index tracked

J.P. Morgan China Custom Liquid ESG Capped Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
DRGN · LGIM
0.30%Dist.92 mln 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 DüsseldorfDRGE22 Jul 2021
Börse FrankfurtDRGE22 Jul 2021
Börse HamburgDRGE12 Oct 2021
Börse HannoverDRGE9 Dec 2024
Börse München / gettexDRGE30 Jul 2021
Börse StuttgartDRGE26 Aug 2021
Tradegate ExchangeDRGE11 May 2023
Xetra (Deutsche Börse)DRGE22 Jul 2021
+ 5 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 L&G China CNY Bond UCITS ETF track?
The issuer LGIM declares the benchmark: J.P. Morgan China Custom Liquid ESG Capped Index.
How much does DRGE 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 DRGE?
The fund size declared by LGIM is about 92 million euro.
When was DRGE launched?
The fund was launched on 19 July 2021: it has 5 years of history.
How does DRGE replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Fisica - replica completa (dal KID)”).
Does DRGE pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does DRGE trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (DRGE), Börse Frankfurt (DRGE), Börse Hamburg (DRGE), Börse Hannover (DRGE), Börse München / gettex (DRGE), Börse Stuttgart (DRGE).
What was DRGE's worst fall?
Over the available history (since 2021), the maximum drawdown was -17.59%, reached in September 2025. Past performance is not indicative of future results.
What is DRGE's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.25% per year versus its index (from issuer-declared series).
Transparency note
The data in this sheet is declared by LGIM 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.