# Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation (SCXW) **Page:** https://fundology.uk/fund/scxw · ISIN LU2903252349 ## 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, SCXW (Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation, ISIN LU2903252349) closed at £10.16 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the year to 13/11/2026 its total return was +11.7%, or +7.8% after UK CPIH inflation. ## Summary Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2024. It tracks the MSCI AC World. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.09% a year — about £9 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: **£10.16** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SCXW | | ISIN | LU2903252349 | | Also listed as | SCWX (London Stock Exchange, US dollars) | | Category | Global shares | | Type | ETF | | Provider | Xtrackers | | Tracks | MSCI AC World | | Income | Accumulating | | Ongoing charge | 0.09% a year (£9 per £10,000) | | Fund size | £741m | | Launched | 2024 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/01/2025 | ## 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 | +11.75% | +7.79% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.4%. Returns of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +12.4% | +8.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.86% | -6.89% | ## Largest fall Volatility of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 10.9% over 1 year. Largest fall in the price of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation since March 2025, in pounds: −7.1% from 28/03/2025 to 04/04/2025. On 13/11/2026 the price of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation was 3.2% below its highest weekly close since March 2025 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation 0.09% a year. Compared on 14/11/2026, 193 of the 207 other global share funds charge more, 3 the same and 11 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.09%** per year - 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 SCXW 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 | Deutsche Global Liquidity Seri | — | 4.64% | | 2 | Cash and other net assets | — | 2.92% | | 3 | ASML | [ASML](https://fundology.uk/stock/ASML) | 2.24% | | 4 | Roche | [RO](https://fundology.uk/stock/RO) | 1.29% | | 5 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 1.16% | | 6 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 1.11% | | 7 | Royal Bank of Canada | [RY](https://fundology.uk/stock/RY) | 1.06% | | 8 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 1.06% | | 9 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.05% | | 10 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.01% | All 733 holdings: https://fundology.uk/fund/scxw/holdings ## Questions people ask **What is the ongoing charge of SCXW?** The ongoing charge of SCXW is 0.09% a year — about £9 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 Scalable MSCI AC World Xtrackers UCITS ETF -1C-USD- Capitalisation 0.09% a year. Compared on 14/11/2026, 193 of the 207 other global share funds charge more, 3 the same and 11 less (share classes counted once). **What does SCXW track?** SCXW tracks the MSCI AC World. **Is SCXW accumulating or distributing?** SCXW 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 SCXW?** The ISIN of SCXW is LU2903252349. An ISIN identifies one exact share class of a fund; SCXW is its ticker on the London Stock Exchange. The same share class is also listed as SCWX (London Stock Exchange, US dollars). **What does SCXW hold?** SCXW 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 SCXW’s returns in each of the last five years?** Calendar-year returns of SCXW in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.4%. Past performance is not a guide to future returns. **How has SCXW done after inflation?** Over the year to 13/11/2026 SCXW’s total return was +11.7%, or +7.8% 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/LU2903252349-scalable-msci-ac-world-xtrackers-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.