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

How concentrated is XZE5?

The top 10 holdings are 2.0% of the fund, across 2,238 positions.

The total expense ratio on record is 0.16%. That is cheaper than 49% of the 1,362 European UCITS bond funds we track.

UCITS · Luxembourg · Accumulating

XZE5 LU2178481649

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

DWS (Xtrackers)

2,238 holdings as of 2026-10-12 · top 10 = 2.0% · TER 0.16%

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Concentration

Well diversifiedtop 10 = 2.0%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

2,238

as of 2026-10-12

Top 10

2.0%

TER

0.16%

cheaper than 49% of peers

Net assets

€2.18B

reported in EUR

Largest

0.5%

P / E

–

Sections

Holdings as of 2026-10-12.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

EUR

Domicile

Luxembourg

Structure

Closed-ended

First listed

2020-07-23

Volatility 1Y

2.1%

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 2026-10-16

+0.4%

-0.1%

YTD

+0.4%

+0.3%

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

-0.21 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 2026-10-12

#	Company	Identifier	Weight
1	DEUTSCHE GLOBAL LIQUIDITY SERI IE	IE00BZ3FDF20	0.5
2	ABERTIS INFRAESTRUCTURAS SA ES	XS1967636199	0.3
3	AMAZON.COM INC US	XS3305168794	0.2
4	APRR SA FR	FR0013382348	0.2
5	Verizon Communications Inc US	VZ	0.2
6	TERNA RETE ELETTRICA NAZIONALE SPA IT	TRNIM	0.2
7	Novartis Finance SA LU	XS2235996217	0.2
8	SANOFI SA FR	FR0013324357	0.1
9	Microsoft Corp US	XS1001749289	0.1
10	ALPHABET INC US	XS3363386460	0.1
11	Thermo Fisher Scientific Finance I BV NL	XS2366407018	0.1
12	DSV FINANCE BV DK	XS2932831923	0.1
13	AT&T INC US	XS2180007549	0.1
14	DH Europe Finance II Sarl LU	XS2050406094	0.1
15	Takeda Pharmaceutical Co Ltd JP	TACHEM	0.1
16	BANCO SANTANDER SA ES	XS2908735504	0.1
17	ALPHABET INC US	XS3064418687	0.1
18	MEDTRONIC LUXEMBOURG GLOBAL HOLDIN US	XS1960678255	0.1
19	DAIMLER AG DE	DE000A2GSCW3	0.1
20	JPMorgan Chase & Co US	JPM	0.1
21	ESSILORLUXOTTICA SA FR	FR0013463668	0.1
22	TELEFONICA EMISIONES SAU ES	XS2177441990	0.1
23	International Business Machines Corp US	XS2583742239	0.1
24	VISA INC US	92826CAU6	0.1
25	TAKEDA PHARMACEUTICAL CO LTD JP	XS1843449122	0.1
26	AT&T Inc US	XS2051362072	0.1
27	MERCEDES-BENZ INTERNATIONAL FINANC DE	MBGGR	0.1
28	Deutsche Telekom International Finance BV NL	XS1382791975	0.1
29	CELLNEX FINANCE COMPANY SA ES	CLNXSM	0.1
30	MORGAN STANLEY US	MS	0.1
31	JPMorgan Chase & Co US	XS2461234622	0.1
32	ABERTIS FRANCE SAS FR	XS2980865658	0.1
33	GOLDMAN SACHS GROUP INC US	GS	0.1
34	Dassault Systemes SE FR	FR0013444551	0.1
35	BNP PARIBAS SA FR	BNP	0.1
36	AXA SA FR	AXASA	0.1
37	MORGAN STANLEY US	MS	0.1
38	ING GROEP NV NL	INTNED	0.1
39	DO NOT USE FEDEX CORP US	XS1319820541	0.1
40	Credit Agricole SA FR	ACAFP	0.1
41	NOVO NORDISK FINANCE NETHERLANDS B DK	XS3002552993	0.1
42	easyJet FinCo BV NL	EZJLN	0.1
43	ESSILORLUXOTTICA SA FR	FR001400RYN6	0.1
44	NTT FINANCE CORP JP	NTT	0.1
45	VERIZON COMMUNICATIONS INC US	XS2550881143	0.1
46	International Business Machines Corp US	XS2115091717	0.1
47	WELLS FARGO & COMPANY US	XS1400169931	0.1
48	Verizon Communications Inc US	XS1979280937	0.1
49	AXA SA FR	AXASA	0.1
50	ORANGE SA FR	ORAFP	0.1

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04Exposure

Equity 2.2%Bonds 97.8%

By country

FRFrance19.1%

USUnited States18.6%

DEGermany9.7%

NLNetherlands9.3%

GBUnited Kingdom7.2%

ESSpain6.5%

ITItaly4.0%

SESweden3.6%

CurrencyEUR 58.7% USD 18.6% GBP 7.3% SEK 3.6% DKK 2.5%

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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