Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 1C (DBXQ.DE) is an exchange-traded fund that seeks to track the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index, which comprises euro-denominated government bonds issued by eurozone governments including Germany, France, Italy, the Netherlands and Spain with maturities between three and five years; it employs a physical sampling replication method and accumulates interest income for reinvestment. The ETF, with assets under management of approximately EUR 418 million, maintains a total expense ratio of 0.15% p.a., is domiciled in Luxembourg as a UCITS-compliant SICAV structure, and trades primarily on European exchanges such as Xetra, Frankfurt and Milan. Launched on 25 May 2007 and managed by DWS Investment S.A., it targets institutional and retail investors seeking exposure to mid-term Eurozone sovereign debt without currency hedging.
Xtrackers, the ETF brand of DWS Group GmbH—a leading global asset manager headquartered in Frankfurt, Germany with over 60 years of history—provides this ETF as part of its extensive fixed income offerings focused on European government bonds across various maturity segments. The fund holds a diversified portfolio of investment-grade bonds, with top exposures including German Bunds, French OATs and Italian BTPs.
In recent developments, the ETF underwent an index change on 30 November 2017 to adopt the current Markit iBoxx benchmark, enhancing its alignment with liquid Eurozone sovereign issuances. On the broader Xtrackers platform, DWS announced partnerships such as with Levler in August 2025 to launch six new ETFs commission-free on Nasdaq Stockholm, targeting Swedish retail growth, and with STOXX in September 2025 for the Xtrackers Europe Defence Technologies UCITS ETF. Additional strategic expansions include new synthetic U.S. equity swap ETFs in 2025 and an index switch for the Vietnam ETF in November 2025 to boost liquidity. These initiatives reflect DWS's focus on product innovation, geographic expansion into retail markets and active ETF launches amid a EUR 896 billion assets under management base as of late 2023.