# Xtrackers MSCI USA Swap II UCITS ETF -1D- USD (USOG)

**Page:** https://fundology.uk/fund/usog · ISIN IE000FW16TX1

## 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, USOG (Xtrackers MSCI USA Swap II UCITS ETF -1D- USD, ISIN IE000FW16TX1) closed at £24.24 on the London Stock Exchange. Its ongoing charge is 0.04% a year (about £4 on £10,000).

## Summary

Xtrackers MSCI USA Swap II UCITS ETF -1D- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2026. It tracks the MSCI USA. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.04% a year — about £4 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: **£24.24** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | USOG |
| ISIN | IE000FW16TX1 |
| Also listed as | USOA (London Stock Exchange, US dollars) |
| Category | US shares |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI USA |
| Income | Distributing |
| Ongoing charge | 0.04% a year (£4 per £10,000) |
| Fund size | £134m |
| Launched | 2026 |
| Domicile | Ireland |

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI USA Swap II UCITS ETF -1D- USD 0.04% a year. Compared on 14/11/2026, 241 of the 254 other US share funds charge more, 6 the same and 7 less (share classes counted once).

## Funds tracking the same index

18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI USA UCITS ETF USD | 0.03% | +10.6% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap -UCITS ETF GBP H D- Distribution | 0.07% | — | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — |
| Deka MSCI USA UCITS ETF | 0.30% | +5.0% | +56.0% | +59.8% |
| Invesco MSCI USA UCITS ETF Acc | 0.05% | +11.6% | +65.7% | +73.6% |
| Invesco MSCI USA UCITS ETF USD | 0.05% | +11.5% | +65.5% | +73.5% |
| iShares MSCI USA Swap UCITS ETF AccumUSD | 0.05% | +11.0% | — | — |
| iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +11.5% | — | — |
| iShares MSCI USA UCITS ETF | 0.07% | +10.9% | +65.0% | +71.7% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +8.1% | +60.1% | +64.7% |
| UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.03% | +11.5% | — | +72.2% |
| UBS Core MSCI USA UCITS ETF Class -A- USD | 0.03% | +10.9% | +65.1% | +71.8% |
| UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +10.8% | +60.1% | +69.5% |
| Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap II UCITS ETF -1D- USD (this fund) | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +10.9% | — | — |
| Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +10.8% | +65.2% | +72.5% |
| Xtrackers MSCI USA UCITS ETF | 0.04% | +10.8% | +64.9% | +71.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.04%** 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

USOG 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 | Lanxess | — | 6.57% |
| 2 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 5.40% |
| 3 | Boeing | [BA](https://fundology.uk/stock/BA) | 5.31% |
| 4 | Netflix | [NFLX](https://fundology.uk/stock/NFLX) | 4.96% |
| 5 | Hilton Worldwide | [HLT](https://fundology.uk/stock/HLT) | 4.95% |
| 6 | Thermo Fisher Scientific | [TMO](https://fundology.uk/stock/TMO) | 4.92% |
| 7 | Molina Healthcare | [MOH](https://fundology.uk/stock/MOH) | 4.75% |
| 8 | Amdocs | [DOX](https://fundology.uk/stock/DOX) | 4.39% |
| 9 | GlobalFoundries | [GFS](https://fundology.uk/stock/GFS) | 4.25% |
| 10 | Oracle | [ORCL](https://fundology.uk/stock/ORCL) | 4.25% |

The 43 holdings on record (of 47 reported): https://fundology.uk/fund/usog/holdings

## Questions people ask

**What is the ongoing charge of USOG?**

The ongoing charge of USOG is 0.04% a year — about £4 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 MSCI USA Swap II UCITS ETF -1D- USD 0.04% a year. Compared on 14/11/2026, 241 of the 254 other US share funds charge more, 6 the same and 7 less (share classes counted once).

**What does USOG track?**

USOG tracks the MSCI USA.

**Is USOG accumulating or distributing?**

USOG 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 USOG?**

The ISIN of USOG is IE000FW16TX1. An ISIN identifies one exact share class of a fund; USOG is its ticker on the London Stock Exchange. The same share class is also listed as USOA (London Stock Exchange, US dollars).

**What does USOG hold?**

USOG 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.

## Fund documents

- [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/IE000FW16TX1-msci-usa-swap-ii-ucits-etf-1d/)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.