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

ISIN: IE00BL25JM42Issuer: Xtrackers
Issuer-declared data
Declared index
MSCI World Enhanced Value (USD) Index (TRN) (USD)
TER
0.25%
Transaction costs
0.01% (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
3.8 bn EUR
Domicile
Ireland
Inception date
11 September 2014
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 World Value UCITS ETF 1c tracks the issuer-declared index: MSCI World Enhanced Value (USD) Index (TRN) (USD). The declared annual cost (TER) is 0.25%, plus 0.01% 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 3.8 billion euro, was launched on 11 September 2014 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, before fees and expenses, of the MSCI World Enhanced Value (USD) index (index).

DESCRIPTION OF INDEX:The index is based on the MSCI World index (Parent index) which is designed to reflect the performance of certain shares in large and medium listed companies in developed markets countries. In order to be eligible for inclusion in the index, shares must be included as constituents within the Parent index and are then selected using a value strategy.

Keep reading the KID section ▾

The value strategy considers various value characteristics of the shares and compares those results to peer companies. The characteristics focus on Price-to-Book-Value (price of shares relative to their book value), Price-to-Forward Earnings (price of shares relative to their expected future earnings), and Enterprise Value-to-Cash Flow from Operations (which measures the value of the company relative to the cash it generates).

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 rebalanced on a semi-annual basis and may also be rebalanced at other times to reflect corporate activity such as mergers and acquisitions. The index is calculated daily in US Dollars.

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 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 90% of equity ETFs we track.
  • Average tracking difference over the last 3 years: +0.14% 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 Sept 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+235.9%
Annualised
+10.6%
Volatility (ann.)
14.7%
Max drawdown
-39.36%
-19%+48%+115%+182%+249%Sept 2014Sept 2017Sept 2020Sept 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+236%Sept 2014Sept 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%2014201620182020202220242026−39.36% · 23 Mar 2020
Max drawdown
-39.36%
peak → trough
Trough
23 Mar 2020
from the 26 Jan 2018 peak
Recovery time
338 days
recovery only: trough to break-even · ≈ 11 months
Underwater
1,125 days
decline + recovery: peak to break-even · ≈ 3 years and 1 month · → recovered on 24 Feb 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Jan 201823 Mar 2020-39.36%24 Feb 20211,125
17 Jan 202230 Sept 2022-26.38%14 Dec 2023696
15 May 201511 Feb 2016-21.24%08 Dec 2016573
19 Mar 202507 Apr 2025-13.87%12 May 202554
17 Jul 202405 Aug 2024-10.06%24 Sept 202469

Calendar-year returns

2016
12.1%
2017
22.3%
2018
-14.4%
2019
19.6%
2020
-4.0%
2021
20.1%
2022
-9.8%
2023
19.5%
2024
5.2%
2025
39.5%
2026
39.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20267.04.4-7.813.814.5-0.4-1.74.51.439.4
20254.12.7-0.21.04.53.8-0.76.23.43.12.53.539.5
20240.51.24.9-3.83.6-2.34.30.71.1-3.21.4-2.85.2
20237.1-1.70.31.1-2.56.64.0-2.6-1.6-4.88.05.219.5
2022-0.0-1.50.3-5.93.7-10.02.9-3.8-9.78.19.2-1.6-9.8
20211.36.15.71.03.5-1.8-0.61.1-1.40.6-3.37.020.1
2020-3.5-9.3-16.47.23.00.6-2.05.6-3.4-3.516.94.6-4.0
20199.20.9-0.61.8-8.16.9-0.4-4.14.83.91.93.319.6
20185.2-3.7-2.42.2-2.4-2.02.7-0.91.8-7.30.4-8.1-14.4
20172.32.00.40.80.91.13.0-0.33.32.52.61.822.3
2016-6.00.98.02.9-1.2-1.64.80.60.6-1.41.43.112.1
2015-0.97.2-1.73.4-0.5-3.30.6-5.8-5.88.2-0.8-2.3-2.7
2014-0.31.4-1.9-3.3
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 7 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.14% /anno
Declared TER
0.25%
YearFundIndexDifference
2025+39.53%+39.39%+0.14%
2024+5.22%+5.09%+0.13%
2023+19.47%+19.31%+0.16%
2022-9.81%-9.89%+0.08%
2021+20.07%+20.04%+0.03%
2020-3.99%-3.97%-0.02%
2019+19.65%+18.99%+0.66%
2018-14.39%-13.93%-0.46%
2017+22.30%+22.15%+0.14%
2016+12.06%+12.22%-0.15%
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 yearsLast 10 yearsFull history
Volatility (ann.)14.84%13.61%13.82%14.86%15.18%
Max drawdown-6.37%-16.44%-16.44%-35.31%-35.31%
Sharpe2.951.521.080.760.73
Sortino4.802.151.541.051.01
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
408
Top-10 weight
28.8%

Top 10 holdings

MICRON TECHNOLOGY
13.75%
CISCO SYSTEMS INC
2.96%
VERIZON COMMUNICATIONS INC
2.23%
TOYOTA MOTOR
1.77%
AT&T
1.72%
COMCAST CLASS A
1.45%
QUALCOMM
1.36%
HEWLETT PACKARD ENTERPRISE
1.26%
PFIZER
1.14%
GENERAL MOTORS
1.11%

Sectors

Information Technology
31.2%
Financials
16.4%
Industrials
10.5%
Health Care
8.8%
Consumer Discretionary
8.7%
Communication Services
8.5%
Consumer Staples
4.8%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 0.9%Austria: 0.3%AzerbaijanBurundiBelgium: 0.1%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.1%BruneiBhutanBotswanaCentral African RepublicCanada: 1.5%Switzerland: 0.1%ChileChina: 0.3%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 4.5%DjiboutiDenmark: 0.4%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.9%EstoniaEthiopiaFinland: 0.8%FijiFalkland IslandsFrance: 5.6%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.6%IranIraqIcelandIsrael: 0.6%Italy: 1.7%JamaicaJordanJapan: 20.5%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.4%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 2.6%Norway: 0.4%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.9%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 47.2%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States47.2%
Japan20.5%
United Kingdom7.1%
France5.6%
Germany4.5%
Netherlands2.6%
Spain1.9%
⬇ Download the full portfolio — Excel, 408 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:

IE00BL25JM42
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,000 €, agreement until 31 December 2026
  • 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
  • Moneyfarmzero on single buys from 1,000 €, agreement until 22 May 2027
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
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)XDEV9 Sept 2015
Börse DüsseldorfXDEV7 Apr 2015
Börse FrankfurtXDEV22 Sept 2014
Börse HamburgXDEV1 Aug 2016
Börse HannoverXDEV9 Dec 2024
Börse München / gettexXDEV29 Nov 2017
Börse StuttgartXDEV22 Sept 2014
Tradegate ExchangeXDEV23 Dec 2016
Xetra (Deutsche Börse)XDEV22 Sept 2014
+ 13 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 World Value UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: MSCI World Enhanced Value (USD) Index (TRN) (USD).
How much does Xtrackers Msci World Value UCITS ETF 1c cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.01%.
What is the fund size of Xtrackers Msci World Value UCITS ETF 1c?
The fund size declared by Xtrackers is about 3.8 billion euro.
When was Xtrackers Msci World Value UCITS ETF 1c launched?
The fund was launched on 11 September 2014: it has 11 years of history.
How does Xtrackers Msci World Value 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 World Value 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 World Value UCITS ETF 1c trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XDEV), Börse Düsseldorf (XDEV), Börse Frankfurt (XDEV), Börse Hamburg (XDEV), Börse Hannover (XDEV), Börse München / gettex (XDEV).
What was Xtrackers Msci World Value UCITS ETF 1c's worst fall?
Over the available history (since 2014), the maximum drawdown was -39.36%, reached in March 2020. Past performance is not indicative of future results.
What is Xtrackers Msci World Value UCITS ETF 1c's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.14% per year versus its index (from issuer-declared series).
How many securities does Xtrackers Msci World Value UCITS ETF 1c hold?
The declared portfolio holds 408 securities; the top 10 positions weigh 28.8%.
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.