A semiconductor device includes a plurality of NMOS transistor elements, each including a first gate electrode structure above a first active region, at least two of the plurality of first gate electrode structures including a first encapsulating stack having a first dielectric cap layer and a first sidewall spacer stack. The semiconductor device also includes a plurality of PMOS transistor elements, each including a second gate electrode structure above a second active region, wherein at least two of the plurality of second gate electrode structures include a second encapsulating stack having a second dielectric cap layer and a second sidewall spacer stack. Additionally, the first and second sidewall spacer stacks each include at least three dielectric material layers, wherein each of the three dielectric material layers of the first and second sidewall spacer stacks include the same dielectric material.