DWS Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF
DWS Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF is a passive bond ETF from DWS, ISIN IE0004KLW911.
- Passive
- Bond
- Global
- Fund size (GBP) £190.3M
The fund aims to reflect the performance of the iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index (index).The index is designed to represent the performance of USD denominated bonds issued by governments or central banks in emerging market countries. The index considers fundamental economic indicators and MSCI ESG Government Ratings (ESG Ratings) for selection and weighting purposes.Bonds issued by countries with favourable fundamental economic indicators and higher ESG Ratings will have higher representation in the index compared to countries with weaker economic fundamental indicators and lower ESG Ratings. Bonds are only eligible for inclusion in the index if they meet certain pre determined selection and eligibility criteria including a minimum credit rating. Following the application of all financial screening criteria as described above, the index ranks countries still eligible for inclusion by their ESG Rating. Starting with the lowest rating, countries will be excluded until the cumulative market value weight of such exclusions reaches a minimum 20% threshold (effectively a "best-in-universe" approach).The index is administered by IHS Markit Benchmark Administration Limited. The index is calculated on a total return gross basis, meaning all distributions paid by the issuers of the bonds are treated as being reinvested. The index is rebalanced on a monthly basis and country weightings are re-allocated quarterly.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.
- 1 month −1.5%
- 3 months −5.0%
- Volatility, 3 years 6.7%
- Ongoing charge (OCF)
- Fund size (GBP) £190.3M
What the fund holds
By country
By asset class
Largest holdings
-
1. REPUBLICA ARGENTINA FRN 09/07/35 USD11.7%
-
2. QATAR(STATE OF) 5.103% BDS 23/04/48 USD2000001.0%
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3. QATAR(STATE OF) 4.817% BDS 14/03/49 USD2000001.0%
-
4. REPUBLICA ARGENTINA FRN 09/01/38 USD11.0%
-
5. KUWAIT INTL BOND0.9%
Macro events and this fund
Performance, risk and facts
Against its benchmark
Risk
- Largest fall from a peak (maximum drawdown), 3 years
- −8.2%
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.
Fund facts
- ISIN
- IE0004KLW911
- Management company
- Xtrackers (IE) Public Limited Company
- Depositary
- State Street Custodial Services (Ireland) Limited
- Benchmark
- iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index
- Ongoing charge
- Share class launch date
- 15 Jun 2022
- Domicile
- IE
- Fund type
- open-ended fund
- SRRI
- 4 of 7
What a sum would have become
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
Managed by DWS
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