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

ISIN: LU0486851024Issuer: Xtrackers

Issuer-declared data

Declared index

MSCI Europe Enhanced Value TRN Index (EUR)

TER

0.15%

Transaction costs

0.05% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Accumulating

SFDR

Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

336.9 mln EUR

Domicile

Luxembourg

Inception date

26 March 2010

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 Europe Value UCITS ETF 1c tracks the issuer-declared index: MSCI Europe Enhanced Value TRN Index (EUR). The declared annual cost (TER) is 0.15%, plus 0.05% 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 337 million euro, was launched on 26 March 2010 and is domiciled in Luxembourg.

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

The fund is passively managed.
INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the MSCI Europe Enhanced Value TRN index (index) which is designed to reflect the performance of the shares of certain companies from European markets.
DESCRIPTION OF INDEX:The shares are chosen on the basis that they exhibit higher value characteristics relative to their peers within the corresponding GICS® sector.
Keep reading the KID section ▾
When selecting which shares to choose, a number of factors are considered, including the market value of the company relative to its actual value based on its assets; its market value relative to its forecasted earnings; and its entire economic value relative to its cash flow.
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 semi-annually.
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 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

TER 0.15%: below the median of equity ETFs we track (0.22%).
Average tracking difference over the last 3 years: +0.39% p.a., against a declared TER of 0.15%.

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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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 Mar 2010 to Sept 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+270.2%

Annualised

+8.3%

Volatility (ann.)

18.1%

Max drawdown

-40.04%

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.

Max drawdown

-40.04%

peak → trough

Trough

23 Mar 2020

from the 17 Feb 2020 peak

Recovery time

359 days

recovery only: trough to break-even · ≈ 12 months

Underwater

394 days

decline + recovery: peak to break-even · ≈ 1 year and 1 month · → recovered on 17 Mar 2021

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
17 Feb 2020	23 Mar 2020	-40.04%	17 Mar 2021	394
15 Apr 2015	11 Feb 2016	-31.31%	05 Jan 2018	996
18 Feb 2011	22 Sept 2011	-28.70%	29 Jan 2013	711
11 Feb 2022	29 Sept 2022	-19.36%	20 Feb 2023	374
22 May 2018	27 Dec 2018	-19.20%	13 Dec 2019	570

Calendar-year returns

2016

6.0%

2017

9.7%

2018

-14.0%

2019

22.4%

2020

-9.0%

2021

27.5%

2022

-4.7%

2023

14.5%

2024

10.6%

2025

35.1%

2026

17.7%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	4.4	5.0	-6.9	6.8	4.4	1.5	2.1	-0.5	0.3				17.7
2025	6.4	5.4	-2.3	-0.6	6.0	-0.2	2.9	2.3	0.4	3.7	2.8	4.2	35.1
2024	-0.4	1.4	4.8	0.9	4.0	-3.8	2.9	1.0	0.2	-2.2	0.9	0.7	10.6
2023	7.4	2.9	-2.6	1.6	-3.5	4.3	3.3	-2.9	-0.0	-5.7	6.3	3.4	14.5
2022	2.6	-3.4	-0.1	-0.3	2.6	-10.2	4.7	-3.6	-6.3	8.2	5.9	-3.3	-4.7
2021	0.1	4.7	8.6	-0.1	3.9	-0.1	0.6	2.3	-1.8	3.6	-3.5	7.0	27.5
2020	-3.1	-9.4	-20.2	7.8	2.7	4.4	-4.8	4.6	-3.2	-5.6	20.6	2.4	-9.0
2019	7.6	3.4	0.4	3.4	-8.0	4.4	0.0	-2.8	5.5	1.1	3.6	2.7	22.4
2018	1.9	-3.5	-2.9	5.7	-1.3	-1.7	3.4	-4.5	1.2	-4.7	-1.1	-6.7	-14.0
2017	-0.3	2.5	3.0	1.1	0.9	-2.6	0.2	-1.6	4.5	2.1	-1.4	1.0	9.7
2016	-7.2	-2.0	1.3	3.5	1.5	-5.8	3.2	1.8	-0.6	2.1	1.6	7.3	6.0
2015	5.9	6.8	1.2	0.3	0.5	-4.9	3.3	-8.6	-6.2	8.0	1.9	-6.1	0.3
2014	-1.2	4.7	-1.0	2.6	2.1	-0.3	-0.9	1.4	0.2	-2.6	2.0	-1.5	5.2
2013	3.2	-1.2	0.5	2.9	2.4	-5.9	6.0	-0.6	5.1	5.2	1.0	1.0	20.9
2012	3.5	3.5	-1.2	-3.6	-6.5	7.0	2.9	3.5	1.3	1.3	1.5	2.3	15.9
2011	4.8	2.4	-4.4	3.2	-1.2	-2.8	-3.8	-11.6	-3.1	7.7	-1.9	2.1	-9.7
2010				-1.5	-5.9	-2.2	7.3	-2.6	3.0	3.2	-4.1	5.5	1.7

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 8 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

+0.39% /anno

Declared TER

0.15%

Year	Fund	Index	Difference
2025	+35.11%	+34.68%	+0.42%
2024	+10.57%	+10.23%	+0.34%
2023	+14.53%	+14.13%	+0.41%
2022	-4.66%	-4.95%	+0.29%
2021	+27.53%	+27.28%	+0.24%
2020	-8.97%	-9.00%	+0.03%
2019	+22.39%	+21.77%	+0.61%
2018	-13.97%	-13.72%	-0.24%
2017	+9.66%	+9.42%	+0.24%
2016	+6.04%	+8.27%	-2.23%

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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	13.39%	13.38%	14.95%	17.08%	18.05%
Max drawdown	-9.71%	-17.33%	-19.36%	-40.04%	-40.04%
Sharpe	1.92	1.31	0.86	0.62	0.48
Sortino	3.01	1.86	1.20	0.85	0.67

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

154

Top-10 weight

29.8%

Top 10 holdings

SANOFI SA

4.19%

SIEMENS N AG

4.12%

BAYER AG

3.26%

BRITISH AMERICAN TOBACCO

3.10%

HSBC HOLDINGS PLC

3.08%

GLAXOSMITHKLINE

2.92%

BNP PARIBAS SA

2.73%

BANCO SANTANDER

2.52%

VINCI SA

1.98%

DHL N AG

1.87%

Sectors

Financials

27.1%

Industrials

19.2%

Health Care

13.7%

Consumer Staples

7.8%

Information Technology

7.1%

Materials

5.6%

Consumer Discretionary

5.5%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

Germany24.3%

France20.9%

United Kingdom20.6%

Spain5.8%

Netherlands5.8%

Italy4.8%

Sweden4.5%

⬇ Download the full portfolio — Excel, 154 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:

LU0486851024

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

Exchange	Ticker	Trading since
Börse Düsseldorf	D5BL	17 Feb 2012
Börse Frankfurt	D5BL	23 May 2011
Börse Hamburg	D5BL	15 Jan 2014
Börse Hannover	D5BL	14 Dec 2022
Börse München / gettex	D5BL	4 Jul 2014
Börse Stuttgart	D5BL	17 May 2010
Tradegate Exchange	D5BL	26 Mar 2012
Xetra (Deutsche Börse)	D5BL	17 May 2010

+ 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 Europe Value UCITS ETF 1c track?

The issuer Xtrackers declares the benchmark: MSCI Europe Enhanced Value TRN Index (EUR).

How much does Xtrackers Msci Europe Value UCITS ETF 1c cost?

The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.05%.

What is the fund size of Xtrackers Msci Europe Value UCITS ETF 1c?

The fund size declared by Xtrackers is about 337 million euro.

When was Xtrackers Msci Europe Value UCITS ETF 1c launched?

The fund was launched on 26 March 2010: it has 16 years of history.

How does Xtrackers Msci Europe 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 Europe 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 Europe Value UCITS ETF 1c trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (D5BL), Börse Frankfurt (D5BL), Börse Hamburg (D5BL), Börse Hannover (D5BL), Börse München / gettex (D5BL), Börse Stuttgart (D5BL).

What was Xtrackers Msci Europe Value UCITS ETF 1c's worst fall?

Over the available history (since 2010), the maximum drawdown was -40.04%, reached in March 2020. Past performance is not indicative of future results.

What is Xtrackers Msci Europe Value UCITS ETF 1c's tracking difference?

Over the last 3 complete calendar years the fund returned on average +0.39% per year versus its index (from issuer-declared series).

How many securities does Xtrackers Msci Europe Value UCITS ETF 1c hold?

The declared portfolio holds 154 securities; the top 10 positions weigh 29.8%.

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.