# Xtrackers US Equity Enhanced Active UCITS ETF (XEES) **Page:** https://fundology.uk/fund/xees · ISIN IE0002PGSLZ5 ## 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, XEES (Xtrackers US Equity Enhanced Active UCITS ETF, ISIN IE0002PGSLZ5) closed at £29.89 on the London Stock Exchange. Its ongoing charge is 0.36% a year (about £36 on £10,000). Over the year to 13/11/2026 its total return was +14.8%, or +10.8% after UK CPIH inflation. ## Summary Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.36% a year — about £36 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: **£29.89** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XEES | | ISIN | IE0002PGSLZ5 | | Also listed as | XEEU (London Stock Exchange, US dollars) | | Category | US shares | | Type | ETF | | Provider | Xtrackers | | Income | Accumulating | | Ongoing charge | 0.36% a year (£36 per £10,000) | | Fund size | £520m | | Launched | 2025 | | Domicile | Ireland | | 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 | +14.85% | +10.78% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +13.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +13.8% | +10.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.00% | -6.34% | ## Largest fall Volatility of Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD in pounds, annualised from weekly returns to 13/11/2026: 11.0% over 1 year. Largest fall in the price of Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD since October 2025, in pounds: −6.3% from 16/01/2026 to 27/03/2026. On 13/11/2026 the price of Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD was 3.6% below its highest weekly close since October 2025 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD 0.36% a year. Compared on 14/11/2026, 36 of the 254 other US share funds charge more, 1 the same and 217 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.36%** 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, XEES holds 200 positions, according to its published holdings. The largest is Apple at 7.98% of the fund; the ten largest make up 37.0%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.98% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.22% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.95% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.94% | | 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.82% | | 6 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.63% | | 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.16% | | 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.10% | | 9 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 1.60% | | 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.59% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector Added up from the fund’s published holdings, as of 08/11/2026. | Sector | Weight | |---|---| | Information Technology | 35.2% | | Financials | 12.8% | | Health Care | 11.1% | | Consumer Discretionary | 10.3% | | Communication Services | 9.6% | | Industrials | 8.7% | | Consumer Staples | 4.3% | | Energy | 3.4% | | Other sectors | 4.5% | ### By country Added up from the fund’s published holdings, as of 08/11/2026. | Country | Weight | |---|---| | United States | 99.3% | | Netherlands | 0.4% | | Ireland | 0.3% | The 199 holdings on record (of 200 reported): https://fundology.uk/fund/xees/holdings ## Questions people ask **What is the ongoing charge of XEES?** The ongoing charge of XEES is 0.36% a year — about £36 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 US Equity Enhanced Active UCITS ETF Accum Shs -1C- USD 0.36% a year. Compared on 14/11/2026, 36 of the 254 other US share funds charge more, 1 the same and 217 less (share classes counted once). **Is XEES accumulating or distributing?** XEES 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 XEES?** The ISIN of XEES is IE0002PGSLZ5. An ISIN identifies one exact share class of a fund; XEES is its ticker on the London Stock Exchange. The same share class is also listed as XEEU (London Stock Exchange, US dollars). **What does XEES hold?** As of 15/11/2026, XEES holds 200 positions, according to its published holdings. The largest is Apple at 7.98% of the fund; the ten largest make up 37.0%. Its ten largest holdings are Apple (7.98%), NVIDIA (6.22%), Microsoft (5.95%), Amazon (3.94%), Alphabet · Class A (2.82%), Broadcom (2.63%), Alphabet · Class C (2.16%), Meta Platforms · Class A (2.10%), Berkshire Hathaway · Class B (1.60%) and Tesla (1.59%). **What were XEES’s returns in each of the last five years?** Calendar-year returns of XEES in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +13.8%. Past performance is not a guide to future returns. **How has XEES done after inflation?** Over the year to 13/11/2026 XEES’s total return was +14.8%, or +10.8% 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/IE0002PGSLZ5-us-equity-enhanced-active-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.