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Xtrackers Eurozone Government Bond 3 5 UCITS ETF 2D GBP Hedged

Xtrackers · LU2606231418

Xtrackers Eurozone Government Bond 3 5 UCITS ETF 2D GBP Hedged is an exchange-traded fund (ETF) from Xtrackers, traded under the ticker XGEP (ISIN LU2606231418). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. It follows the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include FRANCE (REPUBLIC OF), FRANCE (REPUBLIC OF) and GERMANY (FEDERAL REPUBLIC OF). Spread across roughly 28 holdings (the ten largest ≈ 57.2%), no one position makes or breaks the fund. Its biggest country exposures are ~31.8% Italy, ~28.5% Germany and ~22.5% France. Its heaviest sectors are ~99.9% Government. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. It is a distributing share class — dividends are paid to you as cash rather than reinvested. It holds the underlying investments directly (physical replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP. On the standard KID risk scale it is rated 3 out of 7, which describes how much its price tends to move rather than whether it is good. It launched in 2023. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Xtrackers.)

· Tracks the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index index ?
Bond ?Distributing ?Physical ?LU ?
Low yearly feePays cash dividendsOwns the shares directlyEurozone
Fund size (AUM) ?
€0
Risk level (SRI) ?
3 / 7 · Medium
1-year return ?
-0.1%
Price Return · to 2026-07-17
Yearly fee (TER) ?
0.00%
All-in cost ≈ 0.20%

About this fund

What you own

The Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 28 companies across Eurozone in a single purchase.

Dividends

The fund pays dividends out to you as cash, usually a few times a year.

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You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.00%Yearly fee (TER)
0.20%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

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It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
2023
3-year track record

Bond details

Credit quality ?
Investment Grade
Duration ?
Intermediate
Inflation-linked ?
No — nominal (fixed) payouts

Performance

99.7101102103105202520252026

Growth of £100 invested — both lines start at £100.

Xtrackers Eurozone Government Bond 3 5 UCITS ETF 2D GBP Hedged Average Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD-0.6%
1 year-0.1%
3 years+3.0%

Return, year by year

+2.5
+2.7
'24'25
2 of 2 up yearsBest: 2025 +2.7%Worst: 2024 +2.5%Calendar-year total returns, in USD

How bumpy has it been?

2.9%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-3.1%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
1.03
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

-98.9%
Since inception
Total growth since launch — about -75.9% a year.
+7.5%
Best 12 months
The strongest one-year stretch on record.
-99.0%
Worst 12 months
The weakest one-year stretch on record.
-99.0%
Worst fall on record ?
It has not fully recovered yet.

What's inside

The 8 biggest holdings make up 15.2% of the fund.

Top 10 holdings

#CompanyWeight
11GERMANY (FEDERAL REPUBLIC OF)4.0%
12SPAIN (KINGDOM OF)3.8%
17FRANCE (REPUBLIC OF)3.1%
22ITALY (REPUBLIC OF)2.8%
24NETHERLANDS (KINGDOM OF)1.5%
26POUND STERLING0.0%
27US DOLLAR0.0%
28EURO CURRENCY-0.1%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
LSEXGEPGBP★ Primary
EUR listings
FrankfurtXGEPEUR
GBP listings
B3XGEPLGBP
E1XGEPGBXGBP
E1XGEPEURGBP
EBXGEPLGBP
EOXGEPEURGBP
EOXGEPGBXGBP
EUXGEPGBXGBP
EUXGEPEURGBP
GTXGEPGBP
IXXGEPLGBP
L1XGEPLGBP
L3XGEPLGBP
POXGEPLGBP
THXGEPGBP
X1XGEPEURGBP
X1XGEPGBXGBP
X2XGEPGBXGBP
X2XGEPEURGBP
XAXGEPEURGBP
XAXGEPGBXGBP
XEXGEPGBXGBP
XFXGEPGBXGBP
XFXGEPEURGBP
XGXGEPEURGBP
XGXGEPGBXGBP
XHXGEPEURGBP
XHXGEPGBXGBP
XJXGEPGBXGBP
XJXGEPEURGBP
XLXGEPEURGBP
XLXGEPGBXGBP
XOXGEPEURGBP
XOXGEPGBXGBP
XQXGEPGBXGBP
XQXGEPEURGBP
XUXGEPEURGBP
XUXGEPGBXGBP
XVXGEPEURGBP
XVXGEPGBXGBP
XWXGEPGBXGBP
XWXGEPEURGBP
XXXGEPEURGBP
XXXGEPGBXGBP
XYXGEPEURGBP
XYXGEPGBXGBP
XZXGEPEURGBP
XZXGEPGBXGBP
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-17 · the fund's own published holdings.

#CompanyWeight
11GERMANY (FEDERAL REPUBLIC OF)4.0%
12SPAIN (KINGDOM OF)3.8%
17FRANCE (REPUBLIC OF)3.1%
22ITALY (REPUBLIC OF)2.8%
24NETHERLANDS (KINGDOM OF)1.5%
26POUND STERLING0.0%
27US DOLLAR0.0%
28EURO CURRENCY-0.1%

⭳ Download full holdings (CSV)

How it ranks vs peers

💰 All-in cost cheaper than 75%

Versus the Bonds · Eurozone · GBP ETFs we track.

Advanced risk

1.44
Sortino (3y) ?
1.00
Calmar (3y) ?
2.3%
Downside deviation ?
67%
Up months (hit rate) ?
$9.16
52-week high ?
$8.88
52-week low ?

Concentration depth

~20 ?
Effective number of holdings

Roughly 28 companies are held, but the largest names carry most of the weight — so it behaves like ~20 equal-sized positions.

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Eurozone bonds
Compare side by side
6 similar funds
Xtrackers Eurozone Government Bond 3 5 UCITS ETF 2D GBP HedgedXtrackersYou're viewingAmundi Prime Euro Government Bond UCITS ETF AccAmundiBroader matchAmundi Prime Euro Government Bond UCITS ETF DistAmundiBroader matchAmundi Euro Lowest Rated IG Government Bond UCITS ETF DistAmundiBroader matchAmundi Euro Lowest Rated IG Government Bond UCITS ETF AccAmundiBroader matchAmundi Euro Government Bond 0-6 M UCITS ETF AccAmundiBroader matchAmundi Italy BTP Government Bond 10Y UCITS ETF AccAmundiBroader match
Why it's similarThis is the fund on this page.
BondsPhysical
Tracks a different index in the same category.
BondsDistributingPhysical
Tracks a different index in the same category.
BondsDistributingPhysical
Tracks a different index in the same category.
BondsPhysical
Tracks a different index in the same category.
BondsPhysical
Tracks a different index in the same category.
BondsPhysical
Tracks a different index in the same category.
Index trackedMarkit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 IndexSolactive Eurozone Government Bond Index TRSolactive Eurozone Government Bond Index TRFTSE Eurozone Lowest-Rated Government Bond IG IndexFTSE Eurozone Lowest-Rated Government Bond IG IndexFTSE Eurozone Government Bill 0-6 Month Capped IndexFTSE Eurozone Target Maturity Government Bond Italy (Mid Price) Index
Yearly fee (TER)0.00%0.05%0.05%0.14%0.14%0.14%0.17%
All-in cost0.20%0.00%0.05%0.00%0.14%0.14%0.17%
Fund size€0€2B€2B€1.4B€1.3B€906.8M€688.3M
DomicileLULULULULUFranceLU
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+3.0%+2.7%+1.4%+1.9%+2.8%+2.7%
5-yr return p.a.-2.5%-3.7%-2.2%+1.7%
# holdings28426426221221546

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Data as of 0000-00-00 · Source: issuer data, compiled by Finance Hamster

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