Xtrackers S&P 500 UCITS ETF 2C – GBP Hedged

Xtrackers S&P 500 UCITS ETF 2C – GBP Hedged (ticker: XDPG) is a physically replicating, accumulating ETF that aims to track the S&P 500 index while hedging US dollar exposure back into British pounds, and it is listed on European exchanges including trading venues linked to the Hamburg Stock Exchange. ## Key facts - Full name: Xtrackers S&P 500 UCITS ETF 2C – GBP Hedged. - Ticker: XDPG; ISIN: IE00BM67HX07. - Structure: UCITS ETF, physical (full) replication, accumulating share class. - Fund domicile: Ireland; fund currency: GBP; S&P 500 (GBP‑hedged) as reference index. ## Costs and size - Total expense ratio / ongoing charge: about 0.09% per year, taken from fund assets rather than billed separately. - Fund size reported in the hundreds of millions of GBP/EUR, with the share class itself a substantial subset of total assets. ## Strategy and hedging - The ETF holds the underlying S&P 500 constituents and seeks to closely match the index before fees. - A GBP currency hedge is used to reduce the impact of USD/GBP exchange‑rate movements on returns for sterling‑based investors. ## Trading and listing - The ETF is listed on several European trading venues, and ETFs on the Hamburg Stock Exchange are typically traded electronically via LS Exchange with spreads linked to major reference markets such as Xetra. - Trading is in GBP on relevant venues, with daily pricing and standard stock‑like order types available through brokers that route to Hamburg‑linked platforms. ## Risk and portfolio - The ETF is concentrated in large‑capitalisation US equities, with technology, financials, and consumer sectors among the largest weights. - As an equity index fund, investors remain exposed to equity market risk in the S&P 500 despite the GBP currency hedge, and past performance figures (including strong multi‑year gains and occasional negative calendar years) illustrate that volatility.