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Global ETF Survey 2026
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XMN1 ETF · Xtrackers MSCI Nordic UCITS ETF
The XMN1 Exchange Traded Fund (ETF) is provided by Xtrackers by DWS. It is built to track an index: MSCI Nordic Countries Index. The XMN1 ETF provides physical exposure, so by buying it you actually own parts of all the 83 underlying holdings. The dividend policy is capitalization.
Share class
Acc
EUR
Real-time data unavailable for XMN1
LIVE
CLOSED
This fund is part ofEurope Large and Mid Cap1M perf.+0.61%
Last price
N/A
1M perf.
-0.29%
1M flows
-€6.2M
AuM
€59M
TER
0.3%
Rating
Not rated
XMN1
N/A
Performance & flows
Segment for quartile rank
April 1, 2026 → July 1, 2026
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XMN1
€10.12
+6.31%
Europe Large and Mid Cap
+8.40%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.29%  | +6.31% | +14.23%  | N/A | N/A | +0.16% | +0.16% | +7.74%  | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/1/2026
€10.12
1D NAV change
+0.16%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
83
Inception date
2/5/2025
Jurisdiction
Ireland
Distribution
United Kingdom
Norway
Sweden
Austria
Switzerland
Legal structure
Open-end Investment Company
Base currency
EUR
Classification
Share class info
EUR capitalizing
Total AuM of fund
€1.11B
Decimalisation of shares
No
Investment strategy
The investment objective of the Fund is to track the performance before fees and expenses of the underlying asset, which is the MSCI Nordic Total Return Net Index. The Index is designed to reflect the equity market performance of the Nordic countries.
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 | +6.31% | +14.23% | N/A | N/A |
| 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
Sweden
48.77%
Denmark
23.52%
Finland
17.65%
Norway
8.77%
Unavailable
0.58%
Other
0.72%
Sectors
Industrials
28.31%
Finance
23.11%
Healthcare
12.52%
Technology
12.34%
Non-Energy Materials
9.46%
Consumer Non-Cyclicals
3.62%
Energy
3.36%
Telecommunications
3.02%
Unavailable
0.58%
Other
3.67%
Diversification
Total weight of top 15 holdings out of 83
Top 15 holdings
Data as of May 31, 2026
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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:
Not rated
1-year trailing difference
As of June 30, 2026
Create a free account to view the replication graph
XMN1
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Xtrackers by DWS
Xtrackers by DWS ID Card
Number of funds
504
Total AuM
€362.64B
Expense ratio range
0.03% - 0.95%
Average expense ratio
0.2421%
Top 5 funds by Xtrackers by DWS
| AuM | ||
|---|---|---|
XEON | Xtrackers II EUR Overnight Rate Swap UCITS ETF | €21.26B |
XDWD | Xtrackers MSCI World UCITS ETF | €19.67B |
XMME | Xtrackers MSCI Emerging Markets UCITS ETF | €11.81B |
XD9U | Xtrackers MSCI USA UCITS ETF | €11.33B |
XDEW | Xtrackers S&P 500 Equal Weight UCITS ETF | €10.24B |
Frequently asked questions about XMN1
What does Xtrackers MSCI Nordic UCITS ETF, XMN1, invest in?
XMN1 is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Nordic Equities.
Which benchmark or index does XMN1 replicate?
XMN1 tracks the MSCI Daily Net Total Return Nordic Countries Euro Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of XMN1?
XMN1 carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.
When was XMN1 launched?
XMN1 was introduced to the market on February 5, 2025. It trades on United Kingdom, among other exchanges
Who is the ETF issuer of XMN1?
Xtrackers MSCI Nordic UCITS ETF, XMN1, is provided by Xtrackers by DWS. Learn more about Xtrackers by DWS here.
Does XMN1 have multiple share classes?
Yes, XMN1 is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of XMN1?
XMN1 oversees €59M in assets as of July 1, 2026.
How has XMN1 performed lately?
Based on data from July 1, 2026, XMN1 returned -0.29% over the past month, 6.31% over the last three months and 7.74% year-to-date.
What are the latest inflows or outflows for XMN1?
As of July 1, 2026, XMN1 recorded net flows of -€6.2M over the last month and +€20M year-to-date.
Does XMN1 distribute dividends?
XMN1 follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of XMN1?
As of May 31, 2026, XMN1 has significant geographic allocations in Sweden, Denmark and Finland.
In which sector or theme does XMN1 invest in?
As of May 31, 2026, XMN1 focuses largely on Industrials, Finance and Healthcare.
How many securities does XMN1 hold and how diversified is it?
As of May 31, 2026, XMN1 holds 83 positions in its portfolio, with 52.75% of assets concentrated in its top 15 holdings.
What are the main positions in XMN1?
As of May 31, 2026, XMN1 top three holdings include Novo Nordisk A/S, Investor AB and Spotify Technology SA.
What is the base currency of XMN1?
The base currency of XMN1 is EUR.
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