XZE5's largest holdings are ABERTIS INFRAESTRUCTURAS SA, DEUTSCHE GLOBAL LIQUIDITY SERI, Verizon Communications Inc, AMAZON.COM INC, APRR SA. The full top list is on this page.

How concentrated is XZE5?

The top 10 holdings are 1.8% of the fund, across 2,198 positions.

The total expense ratio on record is 0.16%. That is cheaper than 49% of the 1,326 European UCITS bond funds we track.

UCITS · Luxembourg · Accumulating

XZE5

Short-duration euro corporate bonds selected for sustainability and climate alignment.

Xtrackers II Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C

LU2178481649 · DWS (Xtrackers)

2,198 holdings as of 2026-08-29 · top 10 = 1.8% · TER 0.16%

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Concentration

Well diversifiedtop 10 = 1.8%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

2,198

as of 2026-08-29

Top 10

1.8%

TER

0.16%

cheaper than 49% of peers

Net assets

€2.05B

reported in EUR

Largest

0.3%

P / E

–

Sections

Holdings as of 2026-08-29.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

EUR

Domicile

Luxembourg

Structure

Closed-ended

First listed

2020-07-27

Volatility 1Y

2.0%

Tracked index

Bloomberg MSCI Euro Corporate SRI 0-5 Year PAB Index (EUR)

How it tracks

Physical, optimised

Risk rating

2 of 7

02Performance

market price return · as of 2026-09-01

-0.2%

-0.1%

+0.2%

YTD

+0.5%

+1.1%

Trackingfund minus Bloomberg MSCI Euro Corporate SRI 0-5 Year PAB Index (EUR) · annualised

1Y return gap

-0.19 pp/yr

3Y return gap

-0.21 pp/yr

5Y return gap

-0.22 pp/yr

3Y tracking error

0.02%

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.

03Holdings

50 largest · as of 2026-08-29

#	Company	Identifier	Weight
1	ABERTIS INFRAESTRUCTURAS SA ES	XS1967636199	0.3
2	DEUTSCHE GLOBAL LIQUIDITY SERI IE	IE00BZ3FDF20	0.3
3	Verizon Communications Inc US	VZ	0.2
4	AMAZON.COM INC US	XS3305168794	0.2
5	APRR SA FR	FR0013397288	0.2
6	SANOFI SA FR	FR0013324357	0.2
7	Novartis Finance SA LU	XS2235996217	0.1
8	ALPHABET INC US	XS3064418687	0.1
9	TERNA RETE ELETTRICA NAZIONALE SPA IT	TRNIM	0.1
10	ESSILORLUXOTTICA SA FR	FR0013463668	0.1
11	Microsoft Corp US	XS1001749289	0.1
12	SANOFI US	FR0012146801	0.1
13	Thermo Fisher Scientific Finance I BV NL	XS2366407018	0.1
14	DSV FINANCE BV DK	XS2932831923	0.1
15	ALPHABET INC US	XS3363386460	0.1
16	UBS GROUP AG CH	CH1214797172	0.1
17	MORGAN STANLEY US	MS	0.1
18	AT&T INC US	XS2180007549	0.1
19	MORGAN STANLEY US	MS	0.1
20	Takeda Pharmaceutical Co Ltd JP	TACHEM	0.1
21	TAKEDA PHARMACEUTICAL CO LTD JP	XS1843449122	0.1
22	Deutsche Telekom International Finance BV NL	XS1382791975	0.1
23	Dassault Systemes SE FR	FR0013444551	0.1
24	MEDTRONIC LUXEMBOURG GLOBAL HOLDIN US	XS1960678255	0.1
25	CELLNEX FINANCE COMPANY SA ES	CLNXSM	0.1
26	VERIZON COMMUNICATIONS INC US	XS2550881143	0.1
27	JPMorgan Chase & Co US	XS2461234622	0.1
28	DAIMLER AG DE	DE000A2GSCW3	0.1
29	JPMorgan Chase & Co US	XS1615079974	0.1
30	ESSILORLUXOTTICA SA FR	FR001400RYN6	0.1
31	WELLS FARGO & COMPANY US	WFC	0.1
32	NOVO NORDISK FINANCE NETHERLANDS B DK	XS3002552993	0.1
33	VISA INC US	92826CAU6	0.1
34	easyJet FinCo BV NL	EZJLN	0.1
35	TELEFONICA EMISIONES SAU ES	XS2177441990	0.1
36	JPMorgan Chase & Co US	JPM	0.1
37	GOLDMAN SACHS GROUP INC US	GS	0.1
38	Orange SA FR	FR0013396520	0.1
39	AT&T INC US	XS1907120528	0.1
40	International Business Machines Corp US	XS2115091717	0.1
41	Walmart Inc US	XS0453133950	0.1
42	AXA SA FR	AXASA	0.1
43	WELLS FARGO & COMPANY US	XS1400169931	0.1
44	International Business Machines Corp US	XS2583742239	0.1
45	DSV Finance BV NL	XS2932834604	0.1
46	AXA SA FR	AXASA	0.1
47	TELEFONICA EMISIONES SAU ES	XS1681521081	0.1
48	Mercedes-Benz Group AG DE	DE000A169NC2	0.1
49	International Business Machines Corp US	XS1945110861	0.1
50	AT&T Inc US	XS1907120791	0.1

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04Exposure

Equity 2.0%Bonds 97.9%

By country

USUnited States19.2%

FRFrance18.7%

DEGermany10.0%

NLNetherlands9.2%

GBUnited Kingdom7.5%

ESSpain6.5%

ITItaly3.9%

SESweden3.8%

CurrencyEUR 57.7% USD 19.2% GBP 7.5% SEK 3.8% DKK 2.4%

Issuer's scenario analysisaverage return per year over 3 years

Stress

-3.4%

Unfavourable

-2.5%

Moderate

+0.8%

Favourable

+4.5%

06Where it trades

10 exchanges

Exchange	MIC	Listed since
Börse Frankfurt	FRAA	2020-08-03
Börse München	MUNB	2020-08-03
Xetra	XETA	2020-08-03
Börse Düsseldorf	DUSB	2020-08-05
Börse Stuttgart	STUB	2020-08-05
Tradegate	XGAT	2020-08-17
Borsa Italiana	ETFP	2020-09-10
Börse Hamburg	HAMN	2021-02-15
Börse Hannover	HAND	2024-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 36 other venues, mostly multilateral trading facilities and regional segments.

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