# Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation (XFFE) **Source:** https://fundology.uk/fund/xffe · ISIN LU0321465469 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, XFFE (Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation, ISIN LU0321465469) closed at $215.73 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +21.9%, or −4.7% after UK CPIH inflation. ## Summary Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the Deutsche Bank FED Funds Effective Rate Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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: **$215.73** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XFFE | | ISIN | LU0321465469 | | Category | Cash-like & short-term | | Type | ETF | | Provider | Xtrackers | | Tracks | Deutsche Bank FED Funds Effective Rate Index | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £204m | | Launched | 2007 | | Domicile | Luxembourg | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +4.98% | +1.69% | income reinvested | | 3 years | +5.39% | -4.90% | income reinvested | | 5 years | +21.85% | -4.75% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund): 2022 +13.8%, 2023 −0.6%, 2024 +6.5%, 2025 −3.0%; 2026 to 30/09/2026 +4.5%. Returns of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.3%; to 30/09/2025: +4.8%; to 30/09/2024: −3.5%; to 30/09/2023: −5.7%; to 30/09/2022: +24.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +13.8% | +4.2% | Price | | 2023 | -0.6% | -4.6% | Price | | 2024 | +6.5% | +2.9% | Price | | 2025 | -3.0% | -6.4% | Price | | 2026 to 30/09/2026 | +4.5% | +1.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.96% | -4.32% | | 3 years | 6.29% | -9.41% | | 5 years | 7.68% | -12.87% | ## Largest fall Volatility of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation in pounds, annualised from weekly returns to 30/09/2026: 6.0% over 1 year, 6.3% over 3 years, 7.7% over 5 years. Largest fall in the price of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation since October 2021, in pounds: −12.9% from 30/09/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −6.2% (12 months to 14/07/2023); the highest was +25.3% (12 months to 21/10/2022). On 30/09/2026 the price of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation was 1.9% below its highest weekly close since October 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II USD Overnight Rate Swap UCITS ETF -1C- Capitalisation 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 01/10/2026): | Holding | Weight | |---|---| | Treasury Bond | 27.77% | | France (Republic Of) | 13.30% | | Wi Treasury Bond | 11.17% | | Treasury Note | 10.21% | | Kommunekredit | 7.09% | | European Union | 4.63% | | UK Conv Gilt | 4.55% | | France Oat Fungible Strp | 3.37% | | France (Republic OF)/25.05.54 | 2.43% | | Italy (Republic Of) | 1.99% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Sector | Weight | |---|---| | unknown | 74.0% | | Government | 26.0% | ### By country Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Country | Weight | |---|---| | United States | 50.3% | | France | 21.7% | | Denmark | 7.1% | | United Kingdom | 4.6% | | Spain | 3.1% | | Italy | 2.9% | | Belgium | 2.6% | | Finland | 0.9% | | Other countries | 2.2% | | Not classified | 4.6% | ### By type of asset Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Type of asset | Weight | |---|---| | Bonds | 99.1% | | Other | 0.9% | All 26 holdings: https://fundology.uk/fund/xffe/holdings --- 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.