# Xtrackers MSCI JAPAN UCITS ETF Distribution 2D (XMUJ)

**Page:** https://fundology.uk/fund/xmuj · ISIN LU0927735406

## 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, XMUJ (Xtrackers MSCI JAPAN UCITS ETF Distribution 2D, ISIN LU0927735406) closed at $67.58 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +155.2%, or +99.2% after UK CPIH inflation.

## Summary

Xtrackers MSCI JAPAN UCITS ETF Distribution 2D is an exchange-traded fund (ETF) from Xtrackers, launched in 2013. It tracks the MSCI Japan Index - USD - Benchmark TR Net Hedged — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is a currency-hedged share class: it uses currency contracts to reduce the effect of exchange-rate moves.

Latest close: **$67.58** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XMUJ |
| ISIN | LU0927735406 |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Japan Index - USD - Benchmark TR Net Hedged |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £214m |
| Launched | 2013 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/06/2013 |

## 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 | +21.84% | +17.52% | income reinvested |
| 3 years | +81.88% | +64.32% | income reinvested |
| 5 years | +155.23% | +99.22% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D in pounds (price only, income paid out not included): 2022 +7.7%, 2023 +28.8%, 2024 +26.4%, 2025 +20.0%; 2026 to 13/11/2026 +18.8%. Returns of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +37.6%; to 30/09/2025: +24.3%; to 30/09/2024: +10.5%; to 30/09/2023: +21.4%; to 30/09/2022: +16.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +7.7% | -1.4% | Price |
| 2023 | +28.8% | +23.7% | Price |
| 2024 | +26.4% | +22.1% | Price |
| 2025 | +20.0% | +15.9% | Price |
| 2026 to 13/11/2026 | +18.8% | +15.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 20.21% | -10.45% |
| 3 years | 19.96% | -18.46% |
| 5 years | 18.28% | -18.46% |

## Largest fall

Volatility of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D in pounds, annualised from weekly returns to 13/11/2026: 20.2% over 1 year, 20.0% over 3 years, 18.3% over 5 years. Largest fall in the price of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D since November 2021, in pounds: −18.5% from 24/01/2025 to 04/04/2025. The lowest 12-month return of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D in pounds (price only, income paid out not included) since January 2021 was −11.8% (12 months to 11/04/2025); the highest was +60.0% (12 months to 19/06/2026). On 13/11/2026 the price of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D was 6.0% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI JAPAN UCITS ETF Distribution 2D 0.40% a year. Compared on 14/11/2026, 32 of the 108 other Japan and Asia Pacific share funds charge more, 4 the same and 72 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** 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, XMUJ holds 169 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 4.69% of the fund; the ten largest make up 30.2%.

### Top holdings

Largest positions (as of 15/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 4.69% |
| 2 | Toyota Motor | [7203](https://fundology.uk/stock/7203) | 4.06% |
| 3 | Sony Group | [6758](https://fundology.uk/stock/6758) | 3.12% |
| 4 | Sumitomo Mitsui Financial Group | [8316](https://fundology.uk/stock/8316) | 2.98% |
| 5 | Recruit | [6098](https://fundology.uk/stock/6098) | 2.78% |
| 6 | Hitachi | [6501](https://fundology.uk/stock/6501) | 2.76% |
| 7 | Advantest | [6857](https://fundology.uk/stock/6857) | 2.75% |
| 8 | Tokyo Electron | [8035](https://fundology.uk/stock/8035) | 2.60% |
| 9 | Mizuho Financial Group | [8411](https://fundology.uk/stock/8411) | 2.38% |
| 10 | Mitsubishi | [8058](https://fundology.uk/stock/8058) | 2.05% |

## 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 15/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 24.3% |
| Financials | 19.7% |
| Consumer Discretionary | 16.3% |
| Information Technology | 15.9% |
| Communication Services | 6.3% |
| Health Care | 6.0% |
| Consumer Staples | 3.8% |
| Materials | 3.7% |
| Other sectors | 4.0% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 15/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

The 168 holdings on record (of 169 reported): https://fundology.uk/fund/xmuj/holdings

## Questions people ask

**What is the ongoing charge of XMUJ?**

The ongoing charge of XMUJ is 0.40% a year — about £40 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 JAPAN UCITS ETF Distribution 2D 0.40% a year. Compared on 14/11/2026, 32 of the 108 other Japan and Asia Pacific share funds charge more, 4 the same and 72 less (share classes counted once).

**What does XMUJ track?**

XMUJ tracks the MSCI Japan Index - USD - Benchmark TR Net Hedged — large and medium-sized Japanese companies.

**Is XMUJ accumulating or distributing?**

XMUJ is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of XMUJ?**

The ISIN of XMUJ is LU0927735406. An ISIN identifies one exact share class of a fund; XMUJ is its ticker on the London Stock Exchange.

**What does XMUJ hold?**

As of 15/11/2026, XMUJ holds 169 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 4.69% of the fund; the ten largest make up 30.2%. Its ten largest holdings are Mitsubishi UFJ Financial Group (4.69%), Toyota Motor (4.06%), Sony Group (3.12%), Sumitomo Mitsui Financial Group (2.98%), Recruit (2.78%), Hitachi (2.76%), Advantest (2.75%), Tokyo Electron (2.60%), Mizuho Financial Group (2.38%) and Mitsubishi (2.05%).

**What were XMUJ’s returns in each of the last five years?**

Calendar-year returns of XMUJ in pounds (price only, income paid out not included): 2022 +7.7%, 2023 +28.8%, 2024 +26.4%, 2025 +20.0%; 2026 to 13/11/2026 +18.8%. Past performance is not a guide to future returns.

**How has XMUJ done after inflation?**

Over the five years to 13/11/2026 XMUJ’s total return was +155.2%, or +99.2% 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/LU0927735406-msci-japan-ucits-etf-2d-usd-hedged/)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.