# Xtrackers MSCI GCC Select Swap UCITS ETF (XGLF) **Page:** https://fundology.uk/fund/xglf · ISIN IE00BQXKVQ19 ## 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, XGLF (Xtrackers MSCI GCC Select Swap UCITS ETF, ISIN IE00BQXKVQ19) closed at $28.16 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the five years to 13/11/2026 its total return was +11.3%, or −13.1% after UK CPIH inflation. ## Summary Xtrackers MSCI GCC Select Swap UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2015. It tracks the MSCI GCC Countries ex Select Securites Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 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: **$28.16** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XGLF | | ISIN | IE00BQXKVQ19 | | Category | Emerging markets | | Type | ETF | | Provider | Xtrackers | | Tracks | MSCI GCC Countries ex Select Securites Index | | Income | Accumulating | | Ongoing charge | 0.65% a year (£65 per £10,000) | | Fund size | £18.1m | | Launched | 2015 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2017 | ## 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 | +0.25% | -3.30% | income reinvested | | 3 years | +14.73% | +3.66% | income reinvested | | 5 years | +11.27% | -13.15% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers MSCI GCC Select Swap UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +7.2%, 2023 −1.2%, 2024 +7.5%, 2025 −2.6%; 2026 to 13/11/2026 +5.2%. Returns of Xtrackers MSCI GCC Select Swap UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.2%; to 30/09/2025: +8.2%; to 30/09/2024: +1.5%; to 30/09/2023: −15.9%; to 30/09/2022: +27.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +7.2% | -1.9% | Price | | 2023 | -1.2% | -5.1% | Price | | 2024 | +7.5% | +3.8% | Price | | 2025 | -2.6% | -5.9% | Price | | 2026 to 13/11/2026 | +5.2% | +1.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.80% | -10.81% | | 3 years | 12.79% | -13.05% | | 5 years | 15.20% | -28.26% | ## Largest fall Volatility of Xtrackers MSCI GCC Select Swap UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.8% over 1 year, 12.8% over 3 years, 15.2% over 5 years. Largest fall in the price of Xtrackers MSCI GCC Select Swap UCITS ETF since November 2021, in pounds: −28.3% from 29/04/2022 to 27/10/2023. The lowest 12-month return of Xtrackers MSCI GCC Select Swap UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −23.7% (12 months to 20/10/2023); the highest was +63.2% (12 months to 29/04/2022). On 13/11/2026 the price of Xtrackers MSCI GCC Select Swap UCITS ETF was 14.1% below its highest weekly close since November 2021 (29/04/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers MSCI GCC Select Swap UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.65%** 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 XGLF 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) | 7.86% | | 2 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 4.85% | | 3 | Blackstone | [BX](https://fundology.uk/stock/BX) | 4.37% | | 4 | CrowdStrike · Class A | [CRWD](https://fundology.uk/stock/CRWD) | 4.36% | | 5 | Airbnb · Class A | [ABNB](https://fundology.uk/stock/ABNB) | 4.15% | | 6 | Spotify Technology | [SPOT](https://fundology.uk/stock/SPOT) | 4.10% | | 7 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 4.02% | | 8 | Arch Capital Group | [ACGL](https://fundology.uk/stock/ACGL) | 3.86% | | 9 | Palantir Technologies · Class A | [PLTR](https://fundology.uk/stock/PLTR) | 3.73% | | 10 | Block · Class A | [XYZ](https://fundology.uk/stock/XYZ) | 3.67% | All 51 holdings: https://fundology.uk/fund/xglf/holdings ## Questions people ask **What is the ongoing charge of XGLF?** The ongoing charge of XGLF is 0.65% a year — about £65 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 MSCI GCC Select Swap UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once). **What does XGLF track?** XGLF tracks the MSCI GCC Countries ex Select Securites Index. **Is XGLF accumulating or distributing?** XGLF 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 XGLF?** The ISIN of XGLF is IE00BQXKVQ19. An ISIN identifies one exact share class of a fund; XGLF is its ticker on the London Stock Exchange. **What does XGLF hold?** XGLF 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 XGLF’s returns in each of the last five years?** Calendar-year returns of XGLF in pounds (price, with income reinvested in the fund): 2022 +7.2%, 2023 −1.2%, 2024 +7.5%, 2025 −2.6%; 2026 to 13/11/2026 +5.2%. Past performance is not a guide to future returns. **How has XGLF done after inflation?** Over the five years to 13/11/2026 XGLF’s total return was +11.3%, or −13.1% 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/IE00BQXKVQ19-msci-gcc-select-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.