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EL4W ETF · Deka Deutsche Borse EUROGOV Germany Money Market UCITS ETF
The EL4W Exchange Traded Fund (ETF) is provided by Deka. It is built to track an index: Deutsche Börse EUROGOV Germany Money Market Index. The EL4W ETF provides physical exposure, so by buying it you actually own parts of all the 6 underlying holdings. This share class generates a stream of income by distributing dividends.
Real-time data unavailable for EL4W
LIVE
CLOSED
This fund is part ofCash & Cash Plus1M perf.-1.11%
Last price
N/A
1M perf.
+0.05%
1M flows
+€89M
AuM
€502M
E/R
0.12%
Rating
ESG Consensus®
EL4W
N/A
Performance & flows
Segment for quartile rank
January 2, 2026 → April 2, 2026
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EL4W
€69.48
+0.32%
Cash & Cash Plus
+0.19%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.05%  | +0.32% | +1.72%  | +7.95% | +6.62%  | +0.04% | +0.04% | +0.34% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/2/2026
€69.52
1D NAV change
-0.01%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
6
Inception date
3/16/2009
Jurisdiction
Germany
Distribution
Germany
Legal structure
Contractual Fund
Base currency
EUR
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Deutsche Börse EUROGOV Germany Money Market Index
Asset class
Factors
N/A
Investment strategy
The Fund's objective is to track the performance of the Deutsche Börse EUROGOV® Germany Money Market Index. Only German government bonds with a time to maturity of between 2 and 12 months qualify for the index. The maximum number of bonds in the index is limited to 15.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.32% | +1.72% | +7.95% | +6.62% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Germany
82.77%
Unavailable
17.23%
Sectors
Sovereign
82.77%
Unavailable
17.23%
Diversification
Total weight of top 6 holdings out of 6
Top 6 holdings
Data as of February 28, 2026
Germany, Bund 0% 15aug2026, EUR (3683D)
Germany, Bund 0% 10apr2026, EUR (1911D)
Germany, Bobl 0% 9oct2026, EUR (1918D)
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Germany, Schatz 2.9% 18jun2026, EUR
Germany, Schatz 2.7% 17sep2026, EUR
Germany, Schatz 2% 10dec2026, EUR
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
Deutsche Börse EUROGOV Germany Money Market Total Return Index - EUR
Index ticker
3LE2 Index
Index dividend policy
GTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
Deka
Deka ID Card
Number of funds
55
Total AuM
€19.45B
Expense ratio range
0.07% - 0.65%
Average expense ratio
0.2667%
Top 5 funds by Deka
| AuM | ||
|---|---|---|
ELFW | Deka MSCI World UCITS ETF | €4.45B |
EL4A | Deka DAX UCITS ETF | €1.64B |
EL42 | Deka MSCI Europe UCITS ETF | €1.46B |
D6RP | Deka MSCI World Climate Change ESG UCITS ETF | €1.45B |
EL4B | Deka EURO STOXX 50 UCITS ETF | €1.2B |
Frequently asked questions about EL4W
What does Deka Deutsche Borse EUROGOV Germany Money Market UCITS ETF, EL4W, invest in?
EL4W is a Passive ETF. This ETF provides exposure to German Investment Grade Government Bonds.
Which benchmark or index does EL4W replicate?
EL4W tracks the Deutsche Börse EUROGOV Germany Money Market Total Return Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of EL4W?
EL4W carries a total expense ratio (TER) of 0.12%, indicating the annual cost for holding the fund.
When was EL4W launched?
EL4W was introduced to the market on March 16, 2009. It trades on Germany
Who is the ETF issuer of EL4W?
Deka Deutsche Borse EUROGOV Germany Money Market UCITS ETF, EL4W, is provided by Deka. Learn more about Deka here.
What is the current assets under management (AUM) of EL4W?
EL4W oversees €502M in assets as of April 2, 2026.
How has EL4W performed lately?
Based on data from April 2, 2026, EL4W returned 0.05% over the past month, 0.32% over the last three months and 0.34% year-to-date.
What are the latest inflows or outflows for EL4W?
As of April 2, 2026, EL4W recorded net flows of +€89M over the last month and +€111M year-to-date.
Does EL4W distribute dividends?
EL4W follows a distributing dividend policy, meaning it pays out income to investors. As of April 2, 2026, its 12-month trailing yield was 2.95%.
What are the main country or region exposures of EL4W?
As of February 28, 2026, EL4W has significant geographic allocations in Germany.
In which sector or theme does EL4W invest in?
As of February 28, 2026, EL4W focuses largely on Sovereign.
How many securities does EL4W hold and how diversified is it?
As of February 28, 2026, EL4W holds 6 positions in its portfolio, with 82.77% of assets concentrated in its top 15 holdings.
What are the main positions in EL4W?
As of February 28, 2026, EL4W top three holdings include Germany, Bund 0% 15aug2026, EUR (3683D), Germany, Bund 0% 10apr2026, EUR (1911D) and Germany, Bobl 0% 9oct2026, EUR (1918D).
What is the base currency of EL4W?
The base currency of EL4W is EUR.
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