# Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU) **Page:** https://fundology.uk/fund/xbcu · ISIN LU0460391732 ## 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, XBCU (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C, ISIN LU0460391732) closed at $55.04 on the London Stock Exchange. Its ongoing charge is 0.29% a year (about £29 on £10,000). Over the five years to 13/11/2026 its total return was +73.8%, or +35.7% after UK CPIH inflation. ## Summary Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C is an exchange-traded fund (ETF) from Xtrackers, launched in 2010. It tracks the Bloomberg ex-Agriculture & Livestock 15/30 Capped 3 Month Forward Index - USD. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.29% a year — about £29 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. It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk. Latest close: **$55.04** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XBCU | | ISIN | LU0460391732 | | Also listed as | XSVT (Xetra, euros) | | Category | Gold & commodities | | Type | ETF | | Provider | Xtrackers | | Tracks | Bloomberg ex-Agriculture & Livestock 15/30 Capped 3 Month Forward Index - USD | | Income | Accumulating | | Ongoing charge | 0.29% a year (£29 per £10,000) | | Fund size | £476m | | Launched | 2010 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 | ## 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 | +21.76% | +17.44% | income reinvested | | 3 years | +44.26% | +30.33% | income reinvested | | 5 years | +73.79% | +35.65% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C in pounds (price, with income reinvested in the fund): 2022 +35.6%, 2023 −14.9%, 2024 +11.2%, 2025 +16.1%; 2026 to 13/11/2026 +16.8%. Returns of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +34.7%; to 30/09/2025: +13.1%; to 30/09/2024: −4.1%; to 30/09/2023: −9.5%; to 30/09/2022: +41.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +35.6% | +24.1% | Price | | 2023 | -14.9% | -18.2% | Price | | 2024 | +11.2% | +7.5% | Price | | 2025 | +16.1% | +12.1% | Price | | 2026 to 13/11/2026 | +16.8% | +13.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 16.84% | -10.33% | | 3 years | 16.12% | -13.61% | | 5 years | 17.48% | -24.86% | ## Largest fall Volatility of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C in pounds, annualised from weekly returns to 13/11/2026: 16.8% over 1 year, 16.1% over 3 years, 17.5% over 5 years. Largest fall in the price of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C since November 2021, in pounds: −24.9% from 10/06/2022 to 02/02/2024. The lowest 12-month return of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C in pounds (price, with income reinvested in the fund) since January 2021 was −22.5% (12 months to 09/06/2023); the highest was +75.1% (12 months to 20/05/2022). On 13/11/2026 the price of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C was 8.3% below its highest weekly close since November 2021 (24/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C 0.29% a year. Compared on 14/11/2026, 111 of the 149 other gold and commodity funds charge more, 0 the same and 38 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg ex-Agriculture & Livestock 15/30 Capped 3 Month Forward Index - USD, this one included and share classes counted once; their ongoing charges range from 0.29% to 0.39% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 1C - EUR Hedged | 0.39% | +13.2% | +40.3% | +48.7% | | Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (this fund) | 0.29% | +21.8% | +44.3% | +73.8% | | Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C - GBP Hedged | 0.39% | +21.5% | +53.8% | +62.9% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.29%** 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 XBCU 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 | Seagate Technology | [STX](https://fundology.uk/stock/STX) | 7.44% | | 2 | Aon · Class A | [AON](https://fundology.uk/stock/AON) | 6.13% | | 3 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.07% | | 4 | Walmart | [WMT](https://fundology.uk/stock/WMT) | 5.90% | | 5 | Royal Caribbean Cruises | [RCL](https://fundology.uk/stock/RCL) | 3.24% | | 6 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.16% | | 7 | Illinois Tool Works | [ITW](https://fundology.uk/stock/ITW) | 3.16% | | 8 | Linde | [LIN](https://fundology.uk/stock/LIN) | 3.07% | | 9 | Accenture · Class A | [ACN](https://fundology.uk/stock/ACN) | 3.03% | | 10 | Progressive | [PGR](https://fundology.uk/stock/PGR) | 2.99% | All 65 holdings: https://fundology.uk/fund/xbcu/holdings ## Questions people ask **What is the ongoing charge of XBCU?** The ongoing charge of XBCU is 0.29% a year — about £29 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 Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C 0.29% a year. Compared on 14/11/2026, 111 of the 149 other gold and commodity funds charge more, 0 the same and 38 less (share classes counted once). **What does XBCU track?** XBCU tracks the Bloomberg ex-Agriculture & Livestock 15/30 Capped 3 Month Forward Index - USD. **Is XBCU accumulating or distributing?** XBCU 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 XBCU?** The ISIN of XBCU is LU0460391732. An ISIN identifies one exact share class of a fund; XBCU is its ticker on the London Stock Exchange. The same share class is also listed as XSVT (Xetra, euros). **What does XBCU hold?** XBCU 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 XBCU’s returns in each of the last five years?** Calendar-year returns of XBCU in pounds (price, with income reinvested in the fund): 2022 +35.6%, 2023 −14.9%, 2024 +11.2%, 2025 +16.1%; 2026 to 13/11/2026 +16.8%. Past performance is not a guide to future returns. **How has XBCU done after inflation?** Over the five years to 13/11/2026 XBCU’s total return was +73.8%, or +35.7% 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/LU0460391732-bloomberg-commodity-ex-agriculture-livestock-swap-ucits-etf-2c/) - 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.