Xtrackers II Japan Government Bond UCITS ETF 1C (XJSE)

Xtrackers II Japan Government Bond UCITS ETF 1C is an exchange-traded fund that provides targeted exposure to the Japanese government bond market. Launched on November 15, 2013, and domiciled in Luxembourg, it tracks the FTSE Japanese Government Bond Index, which reflects the performance of JPY-denominated bonds issued by the Japanese government. The ETF employs synthetic replication through derivatives like swaps to mirror the index, focusing on fixed-rate sovereign bonds with a minimum remaining maturity of one year. Managed by Xtrackers, a brand of DWS, it maintains a fund size of approximately EUR 392 million and a low total expense ratio of 0.15% per annum. As an accumulating UCITS-compliant vehicle in Japanese Yen without currency hedging, it reinvests interest income, appealing to long-only fixed income strategies. Its top holdings consist primarily of Japanese Government bonds across various maturities and yields, such as 0.9%, 1.1%, and 0.8% coupons. This ETF plays a key role in offering European investors efficient access to Japan's large sovereign debt market, known for its liquidity and influence on global yield curves.