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

ISIN: IE00BNC1G699Issuer: Xtrackers
Issuer-declared data
Declared index
MSCI EMU Low Carbon SRI Selection Index (EUR)
TER
0.20%
Transaction costs
0.04% (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
35 mln EUR
Domicile
Ireland
Inception date
21 January 2021
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 Emu Esg UCITS ETF 1c tracks the issuer-declared index: MSCI EMU Low Carbon SRI Selection Index (EUR). The declared annual cost (TER) is 0.20%, plus 0.04% 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 35 million euro, was launched on 21 January 2021 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 EMU Low Carbon SRI Selection Index (index).

DESCRIPTION OF INDEX:The index is based on the MSCI EMU 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-inclass” 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 at least a quarterly basis. The index is calculated in Euros 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 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

  • Average tracking difference over the last 3 years: +0.31% 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) · EUR · from Jan 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+69.4%
Annualised
+9.8%
Volatility (ann.)
16.2%
Max drawdown
-28.30%
-13%+10%+32%+55%+78%Jan 2021Jun 2022Nov 2023Apr 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%)+69%Jan 2021Sept 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%202120222023202420252026−28.30% · 29 Sept 2022
Max drawdown
-28.30%
peak → trough
Trough
29 Sept 2022
from the 17 Nov 2021 peak
Recovery time
505 days
recovery only: trough to break-even · ≈ 1 year and 5 months
Underwater
821 days
decline + recovery: peak to break-even · ≈ 2 years and 3 months · → recovered on 16 Feb 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Nov 202129 Sept 2022-28.30%16 Feb 2024821
18 Feb 202509 Apr 2025-15.70%19 May 202590
27 Feb 202627 Mar 2026-10.48%06 May 202668
06 Jun 202406 Aug 2024-7.83%19 Sept 2024105
06 Sept 202104 Oct 2021-6.77%02 Nov 202157

Calendar-year returns

2021
21.7%
2022
-15.8%
2023
18.5%
2024
13.2%
2025
9.4%
2026
12.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-1.74.7-9.37.25.65.6-0.51.6-0.212.6
20256.41.9-4.21.54.6-2.00.4-1.51.40.5-0.50.89.4
20241.92.93.6-1.34.5-2.11.32.01.8-3.0-0.41.513.2
202311.20.7-0.01.7-1.93.71.7-3.2-4.1-3.78.43.718.5
2022-4.5-7.4-0.3-3.6-0.2-7.98.5-5.9-6.37.19.5-4.0-15.8
20213.96.42.52.70.82.13.6-4.04.5-3.04.421.7
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 4 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.31% /anno
Declared TER
0.20%
YearFundIndexDifference
2025+9.42%+9.12%+0.29%
2024+13.17%+12.89%+0.29%
2023+18.49%+18.15%+0.34%
2022-15.77%-16.02%+0.25%
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.)13.92%13.64%16.54%16.18%
Max drawdown-10.48%-15.70%-28.30%-28.30%
Sharpe0.870.770.350.52
Sortino1.331.100.490.74
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
101
Top-10 weight
51.6%

Top 10 holdings

ASML HOLDING
13.13%
SIEMENS N AG
6.58%
SAP
6.12%
ALLIANZ
5.63%
SCHNEIDER ELECTRIC
5.19%
LAIR LIQUIDE SOCIETE ANONYME POUR
3.53%
BNP PARIBAS SA
3.33%
LOREAL SA
2.98%
ING GROEP
2.88%
AXA SA
2.25%

Sectors

Financials
28.4%
Industrials
21.3%
Information Technology
19.3%
Consumer Discretionary
7.5%
Health Care
6.9%
Consumer Staples
6.6%
Materials
5.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 0.4%AzerbaijanBurundiBelgium: 3.2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 0.5%ChileChina: 1.5%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 28.2%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 4.4%EstoniaEthiopiaFinland: 2.6%FijiFalkland IslandsFrance: 27.8%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 3%IranIraqIcelandIsraelItaly: 4.3%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.3%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 22.6%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.1%Puerto RicoNorth KoreaPortugal: 0.6%ParaguayQatarRomaniaRussiaRwandaWestern 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
Germany28.2%
France27.8%
Netherlands22.6%
Spain4.4%
Italy4.3%
Belgium3.2%
Ireland3%
Download the full portfolio — Excel, 101 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:

IE00BNC1G699
  • Moneyfarmzero within the savings plan (buys), agreement until 22 May 2027
  • Moneyfarmzero on single buys from 1,000 €, 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)XZEZ10 Feb 2021
Börse DüsseldorfXZEZ10 Feb 2021
Börse FrankfurtXZEZ27 Jan 2021
Börse HamburgXZEZ15 Feb 2021
Börse HannoverXZEZ9 Dec 2024
Börse München / gettexXZEZ27 Jan 2021
Börse StuttgartXZEZ3 Feb 2021
Tradegate ExchangeXZEZ28 Apr 2021
Xetra (Deutsche Börse)XZEZ27 Jan 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 Xtrackers Msci Emu Esg UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: MSCI EMU Low Carbon SRI Selection Index (EUR).
How much does Xtrackers Msci Emu Esg UCITS ETF 1c cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.04%.
What is the fund size of Xtrackers Msci Emu Esg UCITS ETF 1c?
The fund size declared by Xtrackers is about 35 million euro.
When was Xtrackers Msci Emu Esg UCITS ETF 1c launched?
The fund was launched on 21 January 2021: it has 5 years of history.
How does Xtrackers Msci Emu Esg 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 Emu 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 Emu Esg UCITS ETF 1c trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XZEZ), Börse Düsseldorf (XZEZ), Börse Frankfurt (XZEZ), Börse Hamburg (XZEZ), Börse Hannover (XZEZ), Börse München / gettex (XZEZ).
What was Xtrackers Msci Emu Esg UCITS ETF 1c's worst fall?
Over the available history (since 2021), the maximum drawdown was -28.30%, reached in September 2022. Past performance is not indicative of future results.
What is Xtrackers Msci Emu Esg UCITS ETF 1c's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.31% per year versus its index (from issuer-declared series).
How many securities does Xtrackers Msci Emu Esg UCITS ETF 1c hold?
The declared portfolio holds 101 securities; the top 10 positions weigh 51.6%.
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.