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Xtrackers Msci Emerging Markets Esg UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: IE00BG370F43Issuer: Xtrackers
Issuer-declared data
Declared index
MSCI Emerging Markets Low Carbon SRI Selection Index (USD)
TER
0.25%
Transaction costs
0.23% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Physical (from the KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
1.4 bn EUR
Domicile
Ireland
Inception date
15 October 2019
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 Emerging Markets Esg UCITS ETF 1c tracks the issuer-declared index: MSCI Emerging Markets Low Carbon SRI Selection Index (USD). The declared annual cost (TER) is 0.25%, plus 0.23% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 1.4 billion euro, was launched on 15 October 2019 and is domiciled in Ireland.

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

The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to track the performance, before fees and expenses, of the MSCI EM Low Carbon SRI Selection Index (index).

DESCRIPTION OF INDEX:The index is based on the MSCI Emerging Markets Index (Parent Index). The index includes companies from the Parent Index which display high environmental, social and governance (ESG) performance relative to their peers.

Keep reading the KID section ▾

ESG CRITERIA: Constituent selection is based on three sets of rules: Firstly, the Low Carbon Transition Risk Assessment Rules and High ESG Performance Selection Rules are applied simultaneously, followed by the Low Carbon Emissions Rules. The index targets companies with high ESG Ratings relative to sector peers by targeting 50% of the market cap within each sector of the Parent Index, with the remaining stocks excluded (effectively a “best-in-class” approach). The ESG Criteria comprise the PAB Exclusions. Remaining securities are then weighted by their market cap and are subject to a relative weight cap against their weight in the Parent Index. ESG CRITERIA LIMITATIONS: The company is solely relying on the activities conducted and information provided by the index administrator for the ESG screening. ESG information may be incomplete, inaccurate or unavailable and the index administrator may incorrectly assess, include or exclude, a security or issuer.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION: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 a quarterly basis. The index is calculated in US Dollars on a daily basis.

INVESTMENT POLICY:To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities. 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 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 1 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

  • TER 0.25%: above the median of equity ETFs we track (0.22%).
  • Assets larger than 78% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.26% p.a., against a declared TER of 0.25%.
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 Oct 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+54.5%
Annualised
+6.5%
Volatility (ann.)
20.0%
Max drawdown
-47.92%
-25%-3%+20%+43%+66%Oct 2019Jul 2021Apr 2023Dec 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+55%Oct 2019Sept 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%-10%-20%-30%-40%-50%2019202120232025−47.92% · 24 Oct 2022
Max drawdown
-47.92%
peak → trough
Trough
24 Oct 2022
from the 17 Feb 2021 peak
Recovery time
1,187 days
recovery only: trough to break-even · ≈ 3 years and 3 months
Underwater
1,801 days
decline + recovery: peak to break-even · ≈ 4 years and 11 months · → recovered on 23 Jan 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Feb 202124 Oct 2022-47.92%23 Jan 20261,801
17 Jan 202023 Mar 2020-32.37%09 Jul 2020174
25 Feb 202631 Mar 2026-12.66%07 May 202671
22 Jun 202629 Jul 2026-12.61%ongoing78
07 May 202608 Jun 2026-7.56%19 Jun 202643

Calendar-year returns

2019
10.7%
2020
17.2%
2021
-9.4%
2022
-21.2%
2023
4.3%
2024
10.9%
2025
30.3%
2026
10.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20267.92.1-11.410.13.1-0.9-2.51.71.610.7
20251.43.0-1.21.24.65.52.20.68.61.7-2.21.930.3
2024-5.14.61.8-0.10.73.90.93.39.1-4.2-3.5-0.110.9
20239.8-7.43.6-3.5-2.23.96.6-7.0-3.5-3.76.92.64.3
2022-1.0-3.6-0.2-6.7-0.5-6.3-1.6-0.3-12.8-5.418.1-0.5-21.2
20216.2-1.9-1.22.0-0.72.0-8.31.4-5.72.6-5.90.7-9.4
2020-4.5-4.5-14.89.61.28.99.15.3-3.64.84.23.217.2
20191.17.110.7
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 1 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.26% /anno
Declared TER
0.25%
YearFundIndexDifference
2025+30.35%+30.30%+0.04%
2024+10.87%+11.32%-0.45%
2023+4.26%+4.63%-0.38%
2022-21.16%-20.86%-0.30%
2021-9.35%-9.02%-0.33%
2020+17.22%+17.58%-0.36%
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 yearsFull history
Volatility (ann.)19.80%17.13%17.79%19.03%
Max drawdown-12.68%-19.09%-30.12%-36.66%
Sharpe0.900.700.170.29
Sortino1.310.980.240.40
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
363
Top-10 weight
50.7%

Top 10 holdings

TAIWAN SEMICONDUCTOR MANUFACTURING
20.34%
SK HYNIX
11.05%
TENCENT HOLDINGS
6.24%
ALIBABA GROUP HOLDING
4.27%
DELTA ELECTRONICS
2.07%
CHINA CONSTRUCTION BANK CORP H
1.86%
HDFC BANK
1.54%
SK SQUARE
1.30%
SAMSUNG ELECTRO MECHANICS LTD
1.06%
AL RAJHI BANK
0.95%

Sectors

Information Technology
38.1%
Financials
23.9%
Communication Services
10.5%
Consumer Discretionary
10.5%
Industrials
6.1%
Health Care
3.5%
Consumer Staples
2.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab Emirates: 1.5%ArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 2.4%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 0.4%Chile: 0.6%China: 26.5%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombia: 0.4%Costa RicaCubaCyprusCzech Republic: 0.1%GermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgypt: 0.1%EritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.6%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.1%IndonesiaIndia: 6%Ireland: 0.1%IranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstan: 0.1%KenyaKyrgyzstanCambodiaSouth Korea: 19.8%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.1%LatviaMoroccoMoldovaMadagascarMexico: 2.2%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 1.5%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeru: 0.6%Philippines: 0.1%Papua New GuineaPoland: 0.8%Puerto RicoNorth KoreaPortugalParaguayQatar: 0.4%Romania: 0.1%RussiaRwandaWestern SaharaSaudi Arabia: 2.2%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 0.9%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 28.8%United Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 3.8%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Taiwan28.8%
China26.5%
South Korea19.8%
India6%
South Africa3.8%
Brazil2.4%
Mexico2.2%
Download the full portfolio — Excel, 363 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:

IE00BG370F43
  • Directazero within the savings plan (buys)
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • 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 10 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)XZEM8 Oct 2020
Börse DüsseldorfXZEM12 Mar 2020
Börse FrankfurtXZEM18 Oct 2019
Börse HamburgXZEM19 Feb 2020
Börse HannoverXZEM9 Dec 2024
Börse München / gettexXZEM19 Feb 2020
Börse StuttgartXZEM16 Jan 2020
Tradegate ExchangeXZEM29 Jan 2020
Xetra (Deutsche Börse)XZEM18 Oct 2019
+ 19 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 Emerging Markets Esg UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: MSCI Emerging Markets Low Carbon SRI Selection Index (USD).
How much does Xtrackers Msci Emerging Markets Esg UCITS ETF 1c cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.23%.
What is the fund size of Xtrackers Msci Emerging Markets Esg UCITS ETF 1c?
The fund size declared by Xtrackers is about 1.4 billion euro.
When was Xtrackers Msci Emerging Markets Esg UCITS ETF 1c launched?
The fund was launched on 15 October 2019: it has 6 years of history.
How does Xtrackers Msci Emerging Markets Esg UCITS ETF 1c replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (declared in the KID objectives).
Does Xtrackers Msci Emerging Markets Esg 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 Emerging Markets Esg UCITS ETF 1c trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XZEM), Börse Düsseldorf (XZEM), Börse Frankfurt (XZEM), Börse Hamburg (XZEM), Börse Hannover (XZEM), Börse München / gettex (XZEM).
What was Xtrackers Msci Emerging Markets Esg UCITS ETF 1c's worst fall?
Over the available history (since 2019), the maximum drawdown was -47.92%, reached in October 2022. Past performance is not indicative of future results.
What is Xtrackers Msci Emerging Markets Esg UCITS ETF 1c's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.26% per year versus its index (from issuer-declared series).
How many securities does Xtrackers Msci Emerging Markets Esg UCITS ETF 1c hold?
The declared portfolio holds 363 securities; the top 10 positions weigh 50.7%.
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.