# Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution (XASB) **Page:** https://fundology.uk/fund/xasb · ISIN LU3123443510 ## 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, XASB (Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution, ISIN LU3123443510) closed at $26.49 on the London Stock Exchange. Its ongoing charge is 0.53% a year (about £53 on £10,000). Over the year to 13/11/2026 its total return was −1.0%, or −4.5% after UK CPIH inflation. ## Summary Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution is an exchange-traded fund (ETF) from Xtrackers, launched in 2025. It tracks the Bloomberg Global USD 500mn Sukuk Index - 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 0.53% a year — about £53 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: **$26.49** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XASB | | ISIN | LU3123443510 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | Bloomberg Global USD 500mn Sukuk Index - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.53% a year (£53 per £10,000) | | Fund size | £34.5m | | Launched | 2025 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2025 | ## 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 | -0.95% | -4.46% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution in pounds (price only, income paid out not included): 2026 to 13/11/2026 −2.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -2.9% | -6.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.86% | -6.78% | ## Largest fall Volatility of Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year. Largest fall in the price of Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution since November 2025, in pounds: −6.8% from 21/11/2025 to 21/08/2026. On 13/11/2026 the price of Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution was 5.2% below its highest weekly close since November 2025 (21/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution 0.53% a year. Compared on 14/11/2026, 47 of the 427 other corporate and other bond funds charge more, 2 the same and 378 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.53%** 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 As of 15/11/2026, XASB holds 182 positions, according to its published holdings. The largest is Ksa Ijarah Sukuk Ltd (XS3174822646) at 1.65% of the fund; the ten largest make up 12.2%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Ksa Ijarah Sukuk Ltd (XS3174822646) | — | 1.65% | | 2 | Hazine Mustesarligi Varlik Kiralam (XS2900389870) | — | 1.31% | | 3 | Hazine Mustesarligi Varlik Kiralam (XS3072231809) | — | 1.31% | | 4 | Ksa Sukuk Ltd (XS2626270040) | — | 1.29% | | 5 | Ksa Sukuk Ltd (XS2626274463) | — | 1.25% | | 6 | Ksa Sukuk Ltd (XS2072816114) | — | 1.23% | | 7 | Global Sukuk Ventures (Q.P.J.S.C.) | — | 1.22% | | 8 | SA Global Sukuk Ltd (XS2352862119) | — | 1.16% | | 9 | Hazine Mustesarligi Varlik Kiralam (XS2689091846) | — | 0.91% | | 10 | Saudi Electricity Sukuk Programme (XS2993847131) | — | 0.89% | ## 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 08/11/2026. | Country | Weight | |---|---| | Saudi Arabia | 38.0% | | United Arab Emirates | 20.1% | | Indonesia | 8.3% | | Turkey | 6.1% | | Bahrain | 5.0% | | Oman | 3.8% | | Qatar | 3.4% | | Malaysia | 2.3% | | Other countries | 7.0% | | Not classified | 6.1% | ### By type of asset Added up from the fund’s published holdings, as of 08/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | The 181 holdings on record (of 182 reported): https://fundology.uk/fund/xasb/holdings ## Questions people ask **What is the ongoing charge of XASB?** The ongoing charge of XASB is 0.53% a year — about £53 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 SICAV - Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF -1D- Distribution 0.53% a year. Compared on 14/11/2026, 47 of the 427 other corporate and other bond funds charge more, 2 the same and 378 less (share classes counted once). **What does XASB track?** XASB tracks the Bloomberg Global USD 500mn Sukuk Index - Benchmark TR Gross. **Is XASB accumulating or distributing?** XASB 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 XASB?** The ISIN of XASB is LU3123443510. An ISIN identifies one exact share class of a fund; XASB is its ticker on the London Stock Exchange. **What does XASB hold?** As of 15/11/2026, XASB holds 182 positions, according to its published holdings. The largest is Ksa Ijarah Sukuk Ltd (XS3174822646) at 1.65% of the fund; the ten largest make up 12.2%. Its ten largest holdings are Ksa Ijarah Sukuk Ltd (XS3174822646) (1.65%), Hazine Mustesarligi Varlik Kiralam (XS2900389870) (1.31%), Hazine Mustesarligi Varlik Kiralam (XS3072231809) (1.31%), Ksa Sukuk Ltd (XS2626270040) (1.29%), Ksa Sukuk Ltd (XS2626274463) (1.25%), Ksa Sukuk Ltd (XS2072816114) (1.23%), Global Sukuk Ventures (Q.P.J.S.C.) (1.22%), SA Global Sukuk Ltd (XS2352862119) (1.16%), Hazine Mustesarligi Varlik Kiralam (XS2689091846) (0.91%) and Saudi Electricity Sukuk Programme (XS2993847131) (0.89%). **What were XASB’s returns in each of the last five years?** Calendar-year returns of XASB in pounds (price only, income paid out not included): 2026 to 13/11/2026 −2.9%. Past performance is not a guide to future returns. **How has XASB done after inflation?** Over the year to 13/11/2026 XASB’s total return was −1.0%, or −4.5% 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/LU3123443510-salam-usd-global-aggregate-sukuk-ucits-etf-1d/) - 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.