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Xtrackers Global Government Bond UCITS ETF 4dIndex, costs, backtest, listings and taxation

ISIN: LU3284391318Ticker: XGB4 (Xetra) · XGB4 (London SE)Issuer: Xtrackers
Issuer-declared data
TER
0.20%
Transaction costs
0.00% (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
2.2 bn EUR
Domicile
Luxembourg
Inception date
26 March 2026
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 Global Government Bond UCITS ETF 4d tracks the issuer-declared index: FTSE World Government Bond Index - Developed Markets in EUR terms (EUR). The declared annual cost (TER) is 0.20%, plus 0.00% 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 distributed to investors. The fund has assets of about 2.2 billion euro, was launched on 26 March 2026 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 World Government Bond Index – Developed Markets (index).

DESCRIPTION OF INDEX:The index aims to reflect the performance of a range of fixed-rate, local currency, investmentgrade sovereign debt issued by governments from developed markets. To be included in the index, the debt must be i) issued by governments in developed countries; and ii) be deemed investment grade by major rating agencies.

Keep reading the KID section ▾

Certain other selection criteria may also be considered such as minimum issue size, time to maturity and market size.

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 reviewed and rebalanced monthly.

INVESTMENT POLICY:To achieve the aim, the fund will 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 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 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. The fund distributes up to four times per annum. 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%).
  • Assets larger than 91% of bond ETFs we track.
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 Mar 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-0.7%
Annualised
-1.6%
Volatility (ann.)
3.5%
Max drawdown
-2.82%
-4%-2%+1%+3%+5%Mar 2026May 2026Jun 2026Jul 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-1%Mar 2026Sept 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%-1%-2%-3%-4%2026−2.82% · 21 Aug 2026
Max drawdown
-2.82%
peak → trough
Trough
21 Aug 2026
from the 24 Jun 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
70 days
decline + recovery: peak to break-even · ≈ 2 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
24 Jun 202621 Aug 2026-2.82%ongoing70
30 Mar 202618 May 2026-1.50%11 Jun 202673
26 Mar 202627 Mar 2026-0.19%30 Mar 20264
18 Jun 202619 Jun 2026-0.17%23 Jun 20265
11 Jun 202612 Jun 2026-0.15%18 Jun 20267
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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.

Risk indicators· EUR

Full history
Volatility (ann.)3.70%
Max drawdown-3.51%
Sharpe-1.49
Sortino-2.02
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: 2.27%), 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
2.22%
1–3 years
26.87%
3–5 years
19.53%
5–7 years
11.88%
7–10 years
13.48%
10–15 years
7.03%
15–25 years
11.18%
25+ years
7.81%

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
1,312
Top-10 weight
3.8%

Top 10 holdings

TREASURY NOTE
0.40%
TREASURY NOTE
0.39%
TREASURY NOTE
0.39%
TREASURY NOTE
0.38%
TREASURY NOTE
0.38%
TREASURY NOTE
0.38%
TREASURY NOTE
0.38%
TREASURY NOTE
0.37%
TREASURY NOTE
0.36%
TREASURY NOTE
0.36%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.4%Austria: 1.1%AzerbaijanBurundiBelgium: 1.5%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2.2%SwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 5.9%DjiboutiDenmark: 0.2%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 4.3%EstoniaEthiopiaFinland: 0.6%FijiFalkland IslandsFrance: 7.5%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.8%IranIraqIcelandIsrael: 0.5%Italy: 6.6%JamaicaJordanJapan: 9.6%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.2%Norway: 0.2%NepalNew Zealand: 0.4%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.6%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 0.2%SloveniaSweden: 0.2%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 46.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States46.7%
Japan9.6%
France7.5%
Italy6.6%
United Kingdom6.3%
Germany5.9%
Spain4.3%
⬇ Download the full portfolio — Excel, 1,312 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 →

Dividends

Latest dividend
0.0632 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends since first payment (4 months)
0.07 EUR
less than 12 months of history: not a full year, not comparable

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.000.06

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.0632 EUR19 Aug 202620 Aug 20263 Sept 2026
0.0034 EUR20 May 202621 May 20263 Jun 2026
Per-share dividends as declared by the issuer, in EUR, since the first payment (20 May 2026). Past dividends are not indicative of future ones.

Index tracked

FTSE World Government Bond Index - Developed Markets in EUR terms (EUR)
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers · 3 classes
0.20%Dist. · Acc.2.2 mld 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
12.85%
White-list share
97.39%
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 DüsseldorfXGB428 Apr 2026
Börse FrankfurtXGB428 Apr 2026
Börse HamburgXGB419 Jun 2026
Börse HannoverXGB48 May 2026
Börse München / gettexXGB429 Apr 2026
Börse StuttgartXGB46 May 2026
Tradegate ExchangeXGB44 May 2026
Xetra (Deutsche Börse)XGB428 Apr 2026
+ 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 Global Government Bond UCITS ETF 4d track?
The issuer Xtrackers declares the benchmark: FTSE World Government Bond Index - Developed Markets in EUR terms (EUR).
How much does XGB4 cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.00%.
How is XGB4 taxed in Italy?
On sale, the capital gain is taxed at an effective 12.85% rate (white-list share 97.39%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XGB4?
The fund size declared by Xtrackers is about 2.2 billion euro.
When was XGB4 launched?
The fund was launched on 26 March 2026: it has been trading for 162 days: the page fills up as the issuer publishes data.
How does XGB4 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does XGB4 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XGB4 trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XGB4), Börse Frankfurt (XGB4), Börse Hamburg (XGB4), Börse Hannover (XGB4), Börse München / gettex (XGB4), Börse Stuttgart (XGB4).
What was XGB4's worst fall?
Over the available history (since 2026), the maximum drawdown was -3.51%, reached in August 2026. Past performance is not indicative of future results.
How many securities does XGB4 hold?
The declared portfolio holds 1,312 securities; the top 10 positions weigh 3.8%.
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.