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Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: IE000TZT8TI0Issuer: Xtrackers
Issuer-declared data
Declared index
Solactive ISS ESG Emerging Markets Net Zero Pathway Index (USD)
TER
0.20%
Transaction costs
0.12% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
15.2 mln EUR
Domicile
Ireland
Inception date
8 November 2022
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 Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c tracks the issuer-declared index: Solactive ISS ESG Emerging Markets Net Zero Pathway Index (USD). The declared annual cost (TER) is 0.20%, plus 0.12% 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 15 million euro, was launched on 8 November 2022 and is domiciled in Ireland.

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

The fund is passively managed.

INVESTMENT OBJECTIVE:The fund aims to reflect the performance of the Solactive ISS ESG Emerging Markets Net Zero Pathway Index (index).

DESCRIPTION OF INDEX:The Reference Index is designed to reflect the performance of large and medium capitalisation companies across global emerging markets which are selected and weighted with the aim of seeking alignment with EU Paris-aligned Benchmark (EU PAB) standards and certain net zero frameworks.

Keep reading the KID section ▾

The index uses ESG data from Institutional Shareholder Services Inc. (ISS), which provides expertise across a variety of sustainable and responsible investment issues. ESG CRITERIA: The index first removes companies from the Solactive GBS Emerging Markets Large & Mid Cap Index (parent index) which do not meet certain ESG criteria, as disclosed in the prospectus and/or supplement. Stocks passing these exclusions are then scored and weighted based on three pillars (Tilted Weights) (i) Science-based targets relating to reducing carbon emissions (ii) Climate disclosure standards, and (iii) Green revenue relating to SDG 13. Tilted Weights are then further adjusted to ensure alignment with EU PAB requirements, with weights subject to capping and individual and sector weight deviation limits compared to the parent index also applied.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The Index is administered by Solactive AG. The index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed and rebalanced on at least a semiannual basis. 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). 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 2 per cent. The currency of the fund is USD. 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

  • Average tracking difference over the last 3 years: -0.34% p.a., against a declared TER of 0.20%.
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) · USD · from Nov 2022 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+140.4%
Annualised
+25.7%
Volatility (ann.)
19.3%
Max drawdown
-17.36%
-4%+36%+76%+116%+156%Nov 2022Oct 2023Oct 2024Sept 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+140%Nov 2022Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
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%2023202420252026−17.36% · 09 Apr 2025
Max drawdown
-17.36%
peak → trough
Trough
09 Apr 2025
from the 07 Oct 2024 peak
Recovery time
42 days
recovery only: trough to break-even
Underwater
226 days
decline + recovery: peak to break-even · ≈ 7 months · → recovered on 21 May 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
07 Oct 202409 Apr 2025-17.36%21 May 2025226
22 Jun 202629 Jul 2026-14.71%ongoing78
26 Feb 202631 Mar 2026-14.20%27 Apr 202660
27 Jan 202326 Oct 2023-13.26%13 Mar 2024411
11 Jul 202405 Aug 2024-11.63%25 Sept 202476

Calendar-year returns

2022
9.3%
2023
9.6%
2024
8.5%
2025
40.4%
2026
31.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
202611.36.3-13.715.211.9-1.3-3.52.62.431.7
20251.23.2-1.81.65.66.73.32.08.24.3-2.93.640.4
2024-5.44.63.20.51.24.2-0.62.07.9-3.9-4.4-0.28.5
202310.4-6.72.9-1.9-0.83.05.4-6.6-2.9-3.89.02.99.6
2022-0.79.3
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 — 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 3 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.34% /anno
Declared TER
0.20%
YearFundIndexDifference
2025+40.44%+40.84%-0.40%
2024+8.49%+8.72%-0.23%
2023+9.63%+10.03%-0.40%
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 yearsFull history
Volatility (ann.)24.28%19.06%18.07%
Max drawdown-14.76%-20.10%-20.10%
Sharpe1.611.080.95
Sortino2.381.541.37
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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
846
Top-10 weight
45.4%

Top 10 holdings

TAIWAN SEMICONDUCTOR MANUFACTURING
18.87%
SAMSUNG ELECTRONICS LTD
7.83%
SK HYNIX
7.59%
TENCENT HOLDINGS
3.58%
ALIBABA GROUP HOLDING
2.46%
MEDIATEK
1.77%
CHINA CONSTRUCTION BANK CORP H
0.90%
SAMSUNG ELECTRONICS NON VOTING PRE
0.84%
DELTA ELECTRONICS
0.78%
HON HAI PRECISION INDUSTRY
0.73%

Sectors

Technology
40.5%
Financials
18.6%
Telecommunications
11.3%
Consumer Discretionary
6.4%
Industrials
5.8%
Consumer Staples
4.6%
Health Care
3.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab Emirates: 1.9%ArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 3.5%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 0.2%Chile: 0.6%China: 26.5%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombia: 0.4%Costa RicaCubaCyprusCzech Republic: 0.1%GermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.6%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.4%Indonesia: 0.9%IndiaIreland: 0.4%IranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 23%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexico: 1.8%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 1.4%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippines: 0.5%Papua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatar: 0.5%RomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 1.6%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 31.8%United Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 2.7%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Taiwan31.8%
China26.5%
South Korea23%
Brazil3.5%
South Africa2.7%
United Arab Emirates1.9%
Mexico1.8%
⬇ Download the full portfolio — Excel, 846 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 →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE000TZT8TI0
  • Directazero within the savings plan (buys)
  • Moneyfarmzero within the savings plan (buys), agreement until 22 May 2027
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)XEMN10 Jan 2023
Börse DüsseldorfXEMN1 Dec 2022
Börse FrankfurtXEMN1 Dec 2022
Börse HamburgXEMN27 Jan 2023
Börse HannoverXEMN9 Dec 2024
Börse München / gettexXEMN1 Dec 2022
Börse StuttgartXEMN7 Dec 2022
Tradegate ExchangeXEMN13 Jan 2023
Xetra (Deutsche Börse)XEMN1 Dec 2022
+ 7 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 Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: Solactive ISS ESG Emerging Markets Net Zero Pathway Index (USD).
How much does Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.12%.
What is the fund size of Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c?
The fund size declared by Xtrackers is about 15 million euro.
When was Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c launched?
The fund was launched on 8 November 2022: it has 3 years of history.
How does Xtrackers Emerging Markets Net Zero Pathway Paris Aligned 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 Emerging Markets Net Zero Pathway Paris Aligned 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 Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XEMN), Börse Düsseldorf (XEMN), Börse Frankfurt (XEMN), Börse Hamburg (XEMN), Börse Hannover (XEMN), Börse München / gettex (XEMN).
What was Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c's worst fall?
Over the available history (since 2022), the maximum drawdown was -17.36%, reached in April 2025. Past performance is not indicative of future results.
What is Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.34% per year versus its index (from issuer-declared series).
How many securities does Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF 1c hold?
The declared portfolio holds 846 securities; the top 10 positions weigh 45.4%.
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.