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Xtrackers Esg Global Government Bond UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: LU2462217071Ticker: XGVC (Xetra)Issuer: Xtrackers
Issuer-declared data
TER
0.20%
Transaction costs
0.01% (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
12.9 mln EUR
Domicile
Luxembourg
Inception date
15 June 2022
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 Esg Global Government Bond UCITS ETF 1c tracks the issuer-declared index: FTSE ESG Select World Government Bond Index – DM (EUR). The declared annual cost (TER) is 0.20%, 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 13 million euro, was launched on 15 June 2022 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

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 FTSE ESG Select World Government Bond Index – DM (index).

DESCRIPTION OF INDEX:The index is designed to reflect the performance of fixed-rate, local currency, investment-grade sovereign debt issued in developed markets, excluding countries which do not fulfil specific ESG (environmental, social, and governance) criteria.

Keep reading the KID section ▾

ESG CRITERIA: Issuers are selected from the FTSE World Government Bond Index – DM (Parent Index) and country ESG scores are calculated by evaluating each country´s ESG risk across three ESG pillars as determined by LSEG Sustainable Sovereign Risk Methodology (2SRM). To be included in the index, a country must be classified as ‘Free’ by Freedom House, not be subject to social violations based on data from Sustainalytics and not be included on the EU list of non-cooperative jurisdictions for tax purposes. Countries are ranked by their ESG score and must exceed a certain threshold for inclusion. The weight for each security is "tilted" as set out in the Product Annex of the fund. A green bond tilt is then applied to ensure that green bonds meet a minimum threshold of the index, while maintaining the country weights previously calculated.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a total return basis, which means that amounts equivalent to interest payments are reinvested in the index. The index is administered by FTSE Fixed Income LLC and rebalanced monthly.

INVESTMENT POLICY:To achieve the aim, the fund will attempt to replicate the index 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 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

  • TER 0.20%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.19% 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 Jun 2022 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-6.6%
Annualised
-1.6%
Volatility (ann.)
5.9%
Max drawdown
-15.43%
-12%-7%-1%+4%+10%Jun 2022Jul 2023Aug 2024Aug 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%)-7%Jun 2022Sept 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%20222023202420252026−15.43% · 19 Oct 2023
Max drawdown
-15.43%
peak → trough
Trough
19 Oct 2023
from the 01 Aug 2022 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,499 days
decline + recovery: peak to break-even · ≈ 4 years and 1 month · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
01 Aug 202219 Oct 2023-15.43%ongoing1,499
12 Jul 202219 Jul 2022-1.64%22 Jul 202210
15 Jun 202221 Jun 2022-1.29%24 Jun 20229
24 Jun 202228 Jun 2022-1.06%30 Jun 20226
01 Jul 202204 Jul 2022-0.70%05 Jul 20224

Calendar-year returns

2022
-6.4%
2023
2.9%
2024
2.1%
2025
-4.9%
2026
-0.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.11.8-1.5-0.40.81.0-1.2-0.60.2-0.2
2025-0.11.5-2.9-1.1-0.5-1.30.3-0.90.21.3-0.3-1.0-4.9
2024-0.3-1.30.9-2.00.01.41.70.20.9-1.53.1-0.92.1
20231.8-1.81.7-1.00.7-1.6-0.60.1-1.4-0.82.33.62.9
20224.9-4.5-3.7-0.50.6-4.5-6.4
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 0 of the last 3 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.19% /anno
Declared TER
0.20%
YearFundIndexDifference
2025-4.87%-4.69%-0.19%
2024+2.07%+2.25%-0.18%
2023+2.94%+3.15%-0.21%
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 yearsFull history
Volatility (ann.)3.35%4.78%5.92%
Max drawdown-2.66%-7.09%-15.43%
Sharpe-0.78-0.56-0.74
Sortino-1.04-0.75-1.04
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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.

Duration and maturities

Duration · modified duration
6.47years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
2.16%
1–3 years
27.71%
3–5 years
20.42%
5–7 years
11.66%
7–10 years
12.41%
10–15 years
7.84%
15–25 years
10.34%
25+ years
7.45%

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.

Portfolio holdings

Securities in portfolio
1,043
Top-10 weight
7.1%

Top 10 holdings

UK CONV GILT
1.84%
FRANCE (REPUBLIC OF)
0.90%
UK CONV GILT
0.77%
EURO CURRENCY
0.63%
AUSTRIA (REPUBLIC OF)
0.55%
NETHERLANDS (KINGDOM OF)
0.54%
GERMANY (FEDERAL REPUBLIC OF)
0.53%
UK CONV GILT
0.48%
NETHERLANDS (KINGDOM OF)
0.45%
FRANCE (REPUBLIC OF)
0.45%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 3.4%Austria: 2.7%AzerbaijanBurundiBelgium: 1.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 4.2%SwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 10.3%DjiboutiDenmark: 0.6%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 0.9%EstoniaEthiopiaFinland: 1.1%FijiFalkland IslandsFrance: 10.9%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.7%IranIraqIcelandIsrael: 0.1%ItalyJamaicaJordanJapan: 7.8%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.5%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 2.4%Norway: 0.8%NepalNew Zealand: 0.5%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.3%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 35.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States35.7%
United Kingdom14.1%
France10.9%
Germany10.3%
Japan7.8%
Canada4.2%
Australia3.4%
⬇ Download the full portfolio — Excel, 1,043 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 →

Index tracked

FTSE ESG Select World Government Bond Index – DM (EUR)
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers · 2 classes
0.20%Dist.13 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
13.00%
White-list share
96.26%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfXGVC4 Oct 2022
Börse FrankfurtXGVC28 Jun 2022
Börse HamburgXGVC22 Aug 2022
Börse HannoverXGVC9 Dec 2024
Börse München / gettexXGVC28 Jun 2022
Börse StuttgartXGVC28 Jul 2022
Tradegate ExchangeXGVC13 Jan 2023
Xetra (Deutsche Börse)XGVC28 Jun 2022
+ 7 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 Esg Global Government Bond UCITS ETF 1c track?
The issuer Xtrackers declares the benchmark: FTSE ESG Select World Government Bond Index – DM (EUR).
How much does XGVC cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.01%.
How is XGVC taxed in Italy?
On sale, the capital gain is taxed at an effective 13.00% rate (white-list share 96.26%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XGVC?
The fund size declared by Xtrackers is about 13 million euro.
When was XGVC launched?
The fund was launched on 15 June 2022: it has 4 years of history.
How does XGVC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does XGVC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does XGVC trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XGVC), Börse Frankfurt (XGVC), Börse Hamburg (XGVC), Börse Hannover (XGVC), Börse München / gettex (XGVC), Börse Stuttgart (XGVC).
What was XGVC's worst fall?
Over the available history (since 2022), the maximum drawdown was -15.43%, reached in October 2023. Past performance is not indicative of future results.
What is XGVC's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.19% per year versus its index (from issuer-declared series).
How many securities does XGVC hold?
The declared portfolio holds 1,043 securities; the top 10 positions weigh 7.1%.
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.