EXS1's largest holdings are Siemens AG, SAP SE, Allianz SE, Siemens Energy AG, Airbus SE. The full top list is on this page.

How concentrated is EXS1?

The top 10 holdings are 65.0% of the fund, across 45 positions.

The total expense ratio on record is 0.16%. That is cheaper than 77% of the 2616 European UCITS equity funds we track.

Which sectors dominate EXS1?

By weight of its equity holdings: Industrials 36.3%, Financial Services 17.4%, Technology 14.7%.

What is EXS1's P/E ratio?

Computed from company annual reports and filed position values, EXS1's weighted price-to-earnings ratio is 20.0, covering 81.0% of the fund by weight. The weighted price-to-book ratio is 2.27.

UCITS · Germany · Accumulating

EXS1

German large-cap equities

iShares Core DAX UCITS ETF DE Inhaber-Anteile EUR Acc.

DE0005933931 · DAXEX · DAXXF · 0MLH · BlackRock (iShares)

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Concentration

Highly concentratedtop 10 = 65.0%

diversifiedconcentrated

GROWTH · NAV (EUR)rebased to 0%

Holdings

Top 10

65.0%

TER

0.16%

cheaper than 77% of peers

Net assets

€8.47B

reported in EUR

Largest

11.4%

P / E

20.0

covers 81.0% by weight

Sections

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

EUR

Domicile

Germany

Structure

Open-ended

First listed

2001-01-03

Volatility 1Y

16.0%

Tracked index

DAX (Performance index) NET (EUR)

How it tracks

Physical, full

Risk rating

4 of 7

02Valuation and performance

market price return · as of 2026-08-24

+4.0%

+2.7%

+4.0%

YTD

+6.0%

+6.6%

Trackingfund minus DAX (Performance index) NET (EUR) · annualised

1Y return gap

+0.09 pp/yr

3Y return gap

+0.11 pp/yr

5Y return gap

+0.15 pp/yr

3Y tracking error

0.19%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

Valuation35 companies covered · weighted, profitable holdings only

20.0

price / earnings

4.6%

covers 84% by weight

2.27

price / book

covers 84.0% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings

41 largest

#	Company	Identifier	Weight
1	Siemens AG DE	SIE	11.4
2	SAP SE DE	SAP	10.1
3	Allianz SE DE	ALV	9.2
4	Siemens Energy AG DE	ENR	7.2
5	Airbus SE FR	AIR	6.9
6	Deutsche Telekom AG DE	DTE	5.5
7	Infineon Technologies AG DE	IFX	4.6
8	MUENCHENER RUECKVERSICHERUNGS GESE DE	MUV2	3.6
9	Deutsche Bank AG DE	DBK	3.5
10	Rheinmetall AG DE	RHM	3.0
11	Deutsche Post AG DE	DHL	2.9
12	Deutsche Boerse AG DE	DB1	2.8
13	Bayer AG DE	BAYN	2.7
14	BASF SE DE	BAS	2.5
15	E.ON SE DE	EOAN	2.4
16	RWE AG DE	RWE	2.0
17	Mercedes-Benz Group AG DE	MBG	1.9
18	adidas AG DE	ADS	1.6
19	Daimler Truck Holding AG DE	DTG	1.3
20	Heidelberg Materials AG DE	HEI	1.1
21	MTU Aero Engines AG DE	MTX	1.1
22	BMW AG DE	BMW	1.1
23	Fresenius SE & Co KGaA DE	FRE	1.1
24	Merck KGaA DE	MRK	1.0
25	Commerzbank AG DE	CBK	1.0
26	Volkswagen AG DE	VOW3	0.9
27	Vonovia SE DE	VNA	0.8
28	Hannover Rueck SE DE	HNR1	0.8
29	Siemens Healthineers AG DE	SHL	0.8
30	Symrise AG DE	SY1	0.7
31	Henkel AG & Co KGaA DE	HEN3	0.7
32	GEA Group AG DE	G1A	0.5
33	Fresenius Medical Care AG DE	FME	0.4
34	HOCHTIEF AG DE	HOT	0.4
35	QIAGEN NV NL	QIA	0.4
36	Continental AG DE	CON	0.4
37	Brenntag SE DE	BNR	0.4
38	Beiersdorf AG DE	BEI	0.4
39	Zalando SE DE	ZAL	0.3
40	Scout24 AG DE	G24	0.3
41	EUR CASH Supranational	EUR	0.0

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04Exposure

Equity 100.0%

By sector

Industrials36.3%

Financial Services17.4%

Technology14.7%

Consumer Cyclical7.3%

Healthcare6.4%

Communication Services5.8%

Utilities4.4%

Materials3.2%

Real Estate0.9%

By country

DEGermany92.6%

FRFrance6.9%

NLNetherlands0.4%

SUPRANATIONALSUPRANATIONAL0.1%

CurrencyEUR 100.0%

Issuer's scenario analysisaverage return per year over 5 years

Stress

-17.2%

Unfavourable

-2.3%

Moderate

+6.9%

Favourable

+16.0%

05Similar funds

funds with comparable exposure

EXSA

Curated comparison

Comparecompare →

Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

06Where it trades

11 exchanges

Exchange	MIC	Listed since
Börse Stuttgart	STUB	2001-01-03
Xetra	XETA	2001-01-03
Börse Düsseldorf	DUSB	2001-01-30
Börse Hamburg	HAMB	2002-12-23
Börse München	MUNB	2003-05-02
Borsa Italiana	ETFP	2008-11-03
Tradegate	XGAT	2010-01-04
Börse Frankfurt	FRAA	2011-05-23
Euronext Amsterdam	XAMS	2021-09-03
Börse Hannover	HANB	2022-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 57 other venues, mostly multilateral trading facilities and regional segments.

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