# Xtrackers CSI500 Swap UCITS ET (XCSI) **Page:** https://fundology.uk/fund/xcsi · ISIN LU2788421340 ## 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, XCSI (Xtrackers CSI500 Swap UCITS ET, ISIN LU2788421340) closed at $46.81 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the year to 13/11/2026 its total return was +8.4%, or +4.6% after UK CPIH inflation. ## Summary Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET is an exchange-traded fund (ETF) from Xtrackers, launched in 2024. It tracks the CSI Smallcap 500 Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 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: **$46.81** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XCSI | | ISIN | LU2788421340 | | Category | Smaller companies | | Type | ETF | | Provider | Xtrackers | | Tracks | CSI Smallcap 500 Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £55.8m | | Launched | 2024 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/08/2024 | ## 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 | +8.44% | +4.60% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET in pounds (price, with income reinvested in the fund): 2025 +49.5%; 2026 to 13/11/2026 −1.5%. Returns of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.7%; to 30/09/2025: +52.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | +49.5% | +44.3% | Price | | 2026 to 13/11/2026 | -1.5% | -4.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 26.30% | -26.12% | ## Largest fall Volatility of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET in pounds, annualised from weekly returns to 13/11/2026: 26.3% over 1 year. Largest fall in the price of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET since August 2024, in pounds: −26.1% from 26/06/2026 to 30/10/2026. The lowest 12-month return of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET in pounds (price, with income reinvested in the fund) since August 2024 was −1.5% (12 months to 30/10/2026); the highest was +86.0% (12 months to 19/06/2026). On 13/11/2026 the price of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET was 23.0% below its highest weekly close since August 2024 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers SICAV - Xtrackers CSI500 Swap UCITS ET 0.35% a year. Compared on 14/11/2026, 13 of the 36 other smaller-company funds charge more, 2 the same and 21 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** 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 XCSI 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 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.61% | | 2 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 3.90% | | 3 | Merck | [MRK](https://fundology.uk/stock/MRK) | 3.24% | | 4 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 2.86% | | 5 | Synopsys | [SNPS](https://fundology.uk/stock/SNPS) | 2.61% | | 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.60% | | 7 | Centene | [CNC](https://fundology.uk/stock/CNC) | 2.29% | | 8 | Palantir Technologies · Class A | [PLTR](https://fundology.uk/stock/PLTR) | 2.17% | | 9 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 2.11% | | 10 | Bank of New York Mellon | [BNY](https://fundology.uk/stock/BNY) | 1.76% | The 101 holdings on record (of 109 reported): https://fundology.uk/fund/xcsi/holdings ## Questions people ask **What is the ongoing charge of XCSI?** The ongoing charge of XCSI is 0.35% a year — about £35 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 SICAV - Xtrackers CSI500 Swap UCITS ET 0.35% a year. Compared on 14/11/2026, 13 of the 36 other smaller-company funds charge more, 2 the same and 21 less (share classes counted once). **What does XCSI track?** XCSI tracks the CSI Smallcap 500 Index - Benchmark TR Net. **Is XCSI accumulating or distributing?** XCSI 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 XCSI?** The ISIN of XCSI is LU2788421340. An ISIN identifies one exact share class of a fund; XCSI is its ticker on the London Stock Exchange. **What does XCSI hold?** XCSI 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 XCSI’s returns in each of the last five years?** Calendar-year returns of XCSI in pounds (price, with income reinvested in the fund): 2025 +49.5%; 2026 to 13/11/2026 −1.5%. Past performance is not a guide to future returns. **How has XCSI done after inflation?** Over the year to 13/11/2026 XCSI’s total return was +8.4%, or +4.6% 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/LU2788421340-csi500-swap-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.