ETF Trace

Fund report

UCITS · Luxembourg · Accumulating

XMEU LU0274209237

European equities
Xtrackers MSCI Europe UCITS ET ETFS
XMED · DXMEF · DBXA · DWS (Xtrackers)

400 holdings as of 2026-09-14 · top 10 = 21.3% · TER 0.12% · P/E 19.6

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Concentration
Well diversifiedtop 10 = 21.3%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
400
as of 2026-09-14
Top 10
21.3%
TER
0.12%
cheaper than 85% of peers
Net assets
€8.33B
reported in EUR
Largest
4.7%
P / E
19.6
covers 97% by weight
Sections
Holdings as of 2026-09-14.
01Overview
the fund's regulatory facts
Distribution
Accumulating
Fund currency
USD
Domicile
Luxembourg
Structure
Closed-ended
First listed
2007-01-10
Volatility 1Y
15.3%
Tracked index
MSCI Total Return Net Europe Index (USD)
How it tracks
Physical, full
Risk rating
4 of 7
Lends its stock
Yes
02Valuation and performance
market price return · as of 2026-09-18
1M
-4.2%
3M
+0.1%
6M
+12.3%
YTD
+7.5%
1Y
+14.2%
Trackingfund minus MSCI Total Return Net Europe Index (USD) · annualised
1Y return gap
+0.29 pp/yr
3Y return gap
+0.28 pp/yr
5Y return gap
+0.27 pp/yr
3Y tracking error
0.14%

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.

Valuation370 companies covered · weighted, profitable holdings only
19.6
price / earnings
MethodologyCompany-data coverageThe rest is 2% loss-making companies, which carry no P/E by the positive-earner convention; 1% cannot be reliably linked to the financial and market data used in this analysis. We exclude uncertain matches rather than estimate them.
4.9%
MethodologyEarnings yieldP/E is price over earnings; earnings yield is the reverse, earnings over price, and reads like a bond yield. P/E covers only the profitable holdings, since a loss-making company has no meaningful P/E. Earnings yield counts the loss-makers too, so it covers more of the fund and can fall below zero when the holdings lose money overall.
covers 99% by weight
2.41
price / book
covers 91% 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
50 largest · as of 2026-09-14
#CompanyIdentifierWeight
1ASML Holding N.V. NLASML
4.7
2HSBC Holdings PLC GBHSBA
2.5
3Roche Holding AG CHROP SW
2.2
4Shell PLC GBSHEL
2.0
5Novartis AG CHNOVN
1.8
6Nestle SA CHNESN
1.8
7AstraZeneca PLC GBAZN
1.7
8Siemens AG DESIE
1.5
9Banco Santander SA ESSAN
1.5
10SAP SE DESAP
1.5
11Allianz SE DEALV
1.4
12Schneider Electric SE FRSU
1.3
13TotalEnergies SE FRTTE
1.3
14UBS Group AG CHUBS
1.2
15Banco Bilbao Vizcaya Argentaria SA ESBBVA
1.2
16Rolls-Royce Holdings PLC GBRR/
1.1
17ABB Ltd CHABBN
1.1
18Iberdrola SA ESIBE
1.0
19Novo Nordisk A/S DKNOVOB
1.0
20Airbus SE FRAIR
1.0
21Unilever PLC GBULVR
0.9
22UniCredit SpA ITUCG
0.9
23Safran SA FRSAF
0.9
24Siemens Energy AG DEENR
0.9
25Air Liquide SA FRFR0014010OO5
0.9
26BP PLC GBBP/
0.9
27BNP Paribas SA FRBNP
0.8
28LVMH Moet Hennessy Louis Vuitton SE FRMC
0.8
29Cie Financiere Richemont SA CHCFR
0.8
30British American Tobacco PLC GBBATS
0.8
31Deutsche Telekom AG DEDTE
0.8
32Intesa Sanpaolo SpA ITISP
0.8
33Zurich Insurance Group AG CHZURN
0.8
34Rio Tinto PLC GBRIO
0.8
35ING Groep N.V. NLINGA
0.8
36L'Oreal SA FRFR0014013RC7
0.7
37GSK plc GBGSK
0.7
38Sanofi SA FRSAN
0.7
39Barclays PLC GBBARC
0.6
40Lloyds Banking Group PLC GBLLOY
0.6
41Infineon Technologies AG DEIFX
0.6
42Atlas Copco AB SEATCOA
0.6
43Enel SpA ITENEL
0.6
44AXA SA FRCS
0.6
45SPOTIFY TECHNOLOGY SA SESPOT
0.5
46BAE Systems PLC GBBA/
0.5
47Glencore PLC CHGLEN
0.5
48National Grid PLC GBNG/
0.5
49Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen DEMUV2
0.5
50NatWest Group PLC GBNWG
0.5
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04Exposure
Equity 99.9%
By sector
Financial Services26.0%
Industrials18.6%
Healthcare12.6%
Technology9.2%
Consumer Defensive7.8%
Consumer Cyclical6.4%
Energy5.6%
Utilities4.5%
Materials4.2%
Communication Services3.0%
Real Estate0.5%
By country
GBUnited Kingdom21.5%
CHSwitzerland14.8%
FRFrance14.4%
DEGermany13.6%
NLNetherlands9.5%
ESSpain6.2%
SESweden5.3%
ITItaly5.1%
CurrencyEUR 54.3% GBP 21.6% CHF 14.8% SEK 5.3% DKK 2.6%
Issuer's scenario analysisaverage return per year over 5 years
Stress
-21.8%
Unfavourable
-1.1%
Moderate
+7.9%
Favourable
+13.9%
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Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

06Where it trades
10 exchanges
ExchangeMICListed since
XetraXETA2007-01-17
Börse MünchenMUNB2007-02-08
Börse HamburgHAMB2007-03-01
London Stock ExchangeXLON2007-09-06
Börse DüsseldorfDUSB2008-05-23
Borsa ItalianaETFP2008-11-03
TradegateXGAT2010-01-04
Börse FrankfurtFRAA2011-05-23
Börse HannoverHANB2022-12-09
SIX Swiss ExchangeXSWX–

Also admitted to 55 other venues, mostly multilateral trading facilities and regional segments.

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