# Xtrackers II EUR Overnight Rate Swap UCITS ETF (0DMT) **Page:** https://fundology.uk/fund/0dmt · ISIN LU0290358497 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 0DMT (Xtrackers II EUR Overnight Rate Swap UCITS ETF, ISIN LU0290358497) closed at €150.77 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +8.9%, or −15.0% after UK CPIH inflation. ## Summary Xtrackers II EUR Overnight Rate Swap UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the Solactive STR +8.5 Daily Index - EUR - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **€150.77** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0DMT | | ISIN | LU0290358497 | | Also listed as | XEON (Xetra, euros) | | Category | Cash-like & short-term | | Type | ETF | | Provider | Xtrackers | | Tracks | Solactive STR +8.5 Daily Index - EUR - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £20bn | | Launched | 2007 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2010 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -3.26% | -6.68% | income reinvested | | 3 years | +4.11% | -5.94% | income reinvested | | 5 years | +8.92% | -14.98% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II EUR Overnight Rate Swap UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +5.5%, 2023 +1.2%, 2024 −0.9%, 2025 +7.4%; 2026 to 13/11/2026 −2.4%. Returns of Xtrackers II EUR Overnight Rate Swap UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.1%; to 30/09/2025: +7.4%; to 30/09/2024: +0.2%; to 30/09/2023: +0.5%; to 30/09/2022: +2.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +5.5% | -3.4% | Price | | 2023 | +1.2% | -2.8% | Price | | 2024 | -0.9% | -4.2% | Price | | 2025 | +7.4% | +3.7% | Price | | 2026 to 13/11/2026 | -2.4% | -5.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 2.98% | -3.84% | | 3 years | 3.89% | -3.84% | | 5 years | 4.97% | -3.84% | ## Largest fall Volatility of Xtrackers II EUR Overnight Rate Swap UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 3.0% over 1 year, 3.9% over 3 years, 5.0% over 5 years. Largest fall in the price of Xtrackers II EUR Overnight Rate Swap UCITS ETF since November 2021, in pounds: −3.8% from 14/11/2025 to 30/10/2026. The lowest 12-month return of Xtrackers II EUR Overnight Rate Swap UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −8.0% (12 months to 07/01/2022); the highest was +8.5% (12 months to 14/11/2025). On 13/11/2026 the price of Xtrackers II EUR Overnight Rate Swap UCITS ETF was 3.6% below its highest weekly close since November 2021 (14/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II EUR Overnight Rate Swap UCITS ETF 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 0DMT is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Italy (Republic Of) (IT0005676504) | — | 2.01% | | 2 | Opec Fund for Intl Dev | — | 1.84% | | 3 | European Union (EU000A4EG039) | — | 1.81% | | 4 | European Union Bill | — | 1.60% | | 5 | France (Republic Of) (FR0014018OI0) | — | 1.44% | | 6 | Germany (Federal Republic OF)/04.01.28 | — | 1.24% | | 7 | France (Republic Of) (FR0000187635) | — | 1.18% | | 8 | Turkiye Government Bond (TRT200827F11) | — | 1.07% | | 9 | Belgium Kingdom of (Government) (BE0000363722) | — | 1.02% | | 10 | France (Republic Of) (FR001400PM68) | — | 1.02% | The 706 holdings on record (of 853 reported): https://fundology.uk/fund/0dmt/holdings ## Questions people ask **What is the ongoing charge of 0DMT?** The ongoing charge of 0DMT is 0.10% a year — about £10 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Xtrackers II EUR Overnight Rate Swap UCITS ETF 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). **What does 0DMT track?** 0DMT tracks the Solactive STR +8.5 Daily Index - EUR - Benchmark TR Gross. **Is 0DMT accumulating or distributing?** 0DMT is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 0DMT?** The ISIN of 0DMT is LU0290358497. An ISIN identifies one exact share class of a fund; 0DMT is its ticker on the London Stock Exchange. The same share class is also listed as XEON (Xetra, euros). **What does 0DMT hold?** 0DMT is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were 0DMT’s returns in each of the last five years?** Calendar-year returns of 0DMT in pounds (price, with income reinvested in the fund): 2022 +5.5%, 2023 +1.2%, 2024 −0.9%, 2025 +7.4%; 2026 to 13/11/2026 −2.4%. Past performance is not a guide to future returns. **How has 0DMT done after inflation?** Over the five years to 13/11/2026 0DMT’s total return was +8.9%, or −15.0% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU0290358497-eur-overnight-rate-swap-ucits-etf-1c/) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.