# Xtrackers II US Treasuries UCITS ETF EUR (0E5H) **Page:** https://fundology.uk/fund/0e5h · ISIN LU1399300455 ## 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, 0E5H (Xtrackers II US Treasuries UCITS ETF EUR, ISIN LU1399300455) closed at €86.80 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 −15.0%, or −33.6% after UK CPIH inflation. ## Summary Xtrackers II US Treasuries UCITS ETF EUR is an exchange-traded fund (ETF) from Xtrackers, launched in 2016. It tracks the iBoxx USD Treasuries. 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 paid out to holders as cash, usually a few times a year. Latest close: **€86.80** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0E5H | | ISIN | LU1399300455 | | Also listed as | XUTE (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | iBoxx USD Treasuries | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £1.3bn | | Launched | 2016 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2017 | ## 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 | -11.19% | -14.33% | price only | | 3 years | +1.26% | -8.51% | income reinvested | | 5 years | -15.00% | -33.65% | income reinvested | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.4%, 2024 −8.9%, 2025 +5.3%; 2026 to 13/11/2026 −9.3%. Returns of Xtrackers II US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −9.1%; to 30/09/2025: +1.4%; to 30/09/2024: +0.6%; to 30/09/2023: −8.2%; to 30/09/2022: −13.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -11.7% | -19.2% | Price | | 2023 | -2.4% | -6.3% | Price | | 2024 | -8.9% | -12.0% | Price | | 2025 | +5.3% | +1.7% | Price | | 2026 to 13/11/2026 | -9.3% | -12.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.07% | -11.48% | | 3 years | 6.57% | -13.02% | | 5 years | 7.31% | -27.01% | ## Largest fall Volatility of Xtrackers II US Treasuries UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 5.1% over 1 year, 6.6% over 3 years, 7.3% over 5 years. Largest fall in the price of Xtrackers II US Treasuries UCITS ETF EUR since November 2021, in pounds: −27.0% from 03/12/2021 to 13/11/2026. The lowest 12-month return of Xtrackers II US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −16.6% (12 months to 04/11/2022); the highest was +7.1% (12 months to 14/11/2025). On 13/11/2026 the price of Xtrackers II US Treasuries UCITS ETF EUR was 27.0% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II US Treasuries UCITS ETF EUR 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once). ## Funds tracking the same index 4 funds track iBoxx USD Treasuries, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II US Treasuries UCITS ETF | 0.07% | -1.0% | +3.5% | -2.6% | | Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- Capitalisation | — | -0.7% | +5.1% | — | | Xtrackers II US Treasuries UCITS ETF EUR (this fund) | 0.10% | — | +1.3% | -15.0% | | Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation | 0.07% | -1.0% | +3.5% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year (as of 02/11/2026) - 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 As of 15/11/2026, 0E5H holds 300 positions, according to its published holdings. The largest is Treasury Note (US91282CLW90) at 0.75% of the fund; the ten largest make up 7.4%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Note (US91282CLW90) | — | 0.75% | | 2 | Treasury Note (US91282CNT44) | — | 0.75% | | 3 | Treasury Note (US91282CMM00) | — | 0.74% | | 4 | Treasury Note (US91282CNC19) | — | 0.74% | | 5 | Treasury Note (US91282CPZ85) | — | 0.74% | | 6 | Treasury Note (US91282CQQ77) | — | 0.74% | | 7 | Treasury Note (US91282CJJ18) | — | 0.73% | | 8 | Treasury Note (US91282CJZ59) | — | 0.73% | | 9 | Treasury Note (US91282CKQ32) | — | 0.73% | | 10 | Treasury Note (US91282CLF67) | — | 0.73% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 15/11/2026. | Country | Weight | |---|---| | United States | 99.9% | | Other funds | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 15/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 300 holdings: https://fundology.uk/fund/0e5h/holdings ## Questions people ask **What is the ongoing charge of 0E5H?** The ongoing charge of 0E5H 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 US Treasuries UCITS ETF EUR 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once). **What does 0E5H track?** 0E5H tracks the iBoxx USD Treasuries. **Is 0E5H accumulating or distributing?** 0E5H is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly. **What is the ISIN of 0E5H?** The ISIN of 0E5H is LU1399300455. An ISIN identifies one exact share class of a fund; 0E5H is its ticker on the London Stock Exchange. The same share class is also listed as XUTE (Xetra, euros). **What does 0E5H hold?** As of 15/11/2026, 0E5H holds 300 positions, according to its published holdings. The largest is Treasury Note (US91282CLW90) at 0.75% of the fund; the ten largest make up 7.4%. Its ten largest holdings are Treasury Note (US91282CLW90) (0.75%), Treasury Note (US91282CNT44) (0.75%), Treasury Note (US91282CMM00) (0.74%), Treasury Note (US91282CNC19) (0.74%), Treasury Note (US91282CPZ85) (0.74%), Treasury Note (US91282CQQ77) (0.74%), Treasury Note (US91282CJJ18) (0.73%), Treasury Note (US91282CJZ59) (0.73%), Treasury Note (US91282CKQ32) (0.73%) and Treasury Note (US91282CLF67) (0.73%). **What were 0E5H’s returns in each of the last five years?** Calendar-year returns of 0E5H in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.4%, 2024 −8.9%, 2025 +5.3%; 2026 to 13/11/2026 −9.3%. Past performance is not a guide to future returns. **How has 0E5H done after inflation?** Over the five years to 13/11/2026 0E5H’s total return was −15.0%, or −33.6% 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/LU1399300455-us-treasuries-ucits-etf-2d-eur-hedged/) - 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.