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Xtrackers Esg Global Aggregate Bond UCITS ETF 4c Chf Hedged tracks the issuer-declared index: Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index (USD). Mind the share class: this is the version hedged to CHF — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.10%, 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 697 million euro, was launched on 24 March 2014 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring the same index.
The fund is passively managed.
INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index (index) while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The index reflects the performance of a broad-based measure of the global investment grade fixed-rate debt markets.
Keep reading the KID section ▾
The universe of eligible bonds which may be included in the index are all investible fixed-rate, investment-grade debt securities which are rated investment grade (Baa3/BBB-/BBB- or higher) using the applicable rating of Moody’s, Standard & Poor’s and Fitch, after dropping the highest and lowest available ratings. The following criteria determine which bonds are included (i) amount outstanding/minimum issue size, (ii) quality, (iii) maturity, (iv) seniority/order of repayment of the debt, (v) taxability, (vi) coupon payments, (vii) eligible local currencies, (viii) market of issue, (ix) security type and (x) sector. ESG CRITERIA: Securities which fail to meet certain relevant environmental, social and governance (ESG) criteria, including: (i) issuers with an insufficient MSCI ESG Rating, (ii) companies that do not meet minimum requirements related to MSCI ESG Controversies, (iii) companies exceeding specific revenue thresholds from certain controversial activities, and (iv) companies with any involvement in controversial weapons, are excluded. The ESG Criteria comprise the requirements as laid out in Article 12(1)(a) to (g) of the Commission Delegated Regulation (EU) 2020/1818.
INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by Bloomberg Index Services Limited. The index is rebalanced on a monthly basis, at each month-end, with the selected bonds weighted according to their relative outstanding notional amount subject to certain adjustments to reflect certain segment weightings in the index in addition to the application of the ESG criteria.
INVESTMENT POLICY:To achieve the aim, the fund will i) 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 or other eligible assets (including to-be-announced (TBA) securities and mortgage-backed securities (MBS)) as determined by DWS entities and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the assets of the fund and the currency of your shares. 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. The index is calculated on a total return basis which means that payments from coupons are reinvested in the index. 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 peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 09 Mar 2020 | 19 Oct 2023 | -21.03% | ongoing | 2,374 |
| 08 Jul 2016 | 10 Oct 2018 | -6.63% | 07 Aug 2019 | 1,125 |
| 02 Feb 2015 | 10 Jun 2015 | -3.38% | 18 Mar 2016 | 410 |
| 03 Sept 2019 | 11 Nov 2019 | -2.35% | 28 Feb 2020 | 178 |
| 29 Aug 2014 | 18 Sept 2014 | -0.90% | 07 Oct 2014 | 39 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.1 | 1.2 | -2.3 | -0.1 | 0.3 | 0.0 | -1.6 | -0.3 | -0.2 | -3.1 | |||
| 2025 | 0.1 | 1.0 | -0.8 | 0.5 | -0.8 | 0.6 | -0.5 | 0.2 | 0.4 | 0.4 | -0.1 | -0.7 | 0.3 |
| 2024 | -0.7 | -1.2 | 0.6 | -2.2 | 0.5 | 0.5 | 1.6 | 0.8 | 0.9 | -2.0 | 0.9 | -1.5 | -2.0 |
| 2023 | 2.1 | -2.1 | 1.9 | 0.1 | -0.9 | -0.5 | -0.4 | -0.6 | -2.3 | -1.1 | 3.3 | 2.9 | 2.3 |
| 2022 | -1.7 | -1.4 | -2.5 | -3.2 | -0.3 | -2.0 | 2.6 | -3.3 | -3.8 | -0.7 | 2.4 | -1.8 | -15.0 |
| 2021 | -0.7 | -1.7 | -0.5 | 0.2 | 0.1 | 0.4 | 1.1 | -0.3 | -1.1 | -0.3 | 0.6 | -0.6 | -2.7 |
| 2020 | 1.6 | 1.0 | -1.8 | 1.4 | 0.2 | 0.4 | 0.9 | -0.9 | 0.4 | -0.1 | 0.5 | 0.1 | 3.7 |
| 2019 | 0.9 | -0.2 | 1.5 | -0.2 | 1.1 | 1.0 | 0.5 | 2.0 | -0.8 | -0.5 | -0.4 | -0.5 | 4.5 |
| 2018 | -0.9 | -0.5 | 0.5 | -0.7 | 0.1 | -0.1 | -0.2 | 0.0 | -0.7 | -0.5 | 0.2 | 0.9 | -1.7 |
| 2017 | -0.6 | 0.7 | -0.3 | 0.5 | 0.3 | -0.5 | 0.1 | 0.7 | -0.7 | 0.2 | -0.1 | -0.1 | 0.3 |
| 2016 | 1.3 | 0.8 | 0.6 | 0.0 | 0.3 | 1.7 | 0.4 | -0.3 | -0.2 | -1.2 | -1.9 | -0.0 | 1.4 |
| 2015 | 1.7 | -0.8 | 0.4 | -0.7 | -0.5 | -1.4 | 0.9 | -0.4 | 0.5 | 0.2 | -0.1 | -0.6 | -0.8 |
| 2014 | 0.6 | 0.9 | 0.3 | 0.2 | 1.2 | -0.4 | 0.7 | 0.9 | 0.5 | 5.1 |
We do not publish a tracking difference for this share class — and it is not an oversight.
this share class is hedged to CHF; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the CHF-hedged index series, which the issuer does not publish today.
| Last year | Last 3 years | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 4.47% | 6.25% | 7.66% | 6.60% | 8.02% |
| Max drawdown | -7.52% | -9.72% | -13.19% | -13.56% | -19.89% |
| Sharpe | -1.55 | -0.47 | -0.43 | -0.21 | 0.08 |
| Sortino | -2.10 | -0.66 | -0.62 | -0.30 | 0.14 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: product page Xtrackers, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 3 classes | 0.10% | Acc. · Dist. | 697 mln EUR |
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Hamburg | XBAC | 15 Feb 2021 |
| Börse Hannover | XBAC | 23 Sept 2025 |
| Tradegate Exchange | XBAC | 15 Sept 2025 |