# Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution (XSTR) **Page:** https://fundology.uk/fund/xstr · ISIN LU0321464652 ## 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, XSTR (Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution, ISIN LU0321464652) closed at £181.38 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +19.7%, or −6.6% after UK CPIH inflation. ## Summary Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the Solactive SONIA Daily Index - GBP - Benchmark TR Gross. 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 paid out to holders as cash, usually a few times a year. Latest close: **£181.38** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XSTR | | ISIN | LU0321464652 | | Also listed as | DXS1 (Xetra, euros) | | Category | Cash-like & short-term | | Type | ETF | | Provider | Xtrackers | | Tracks | Solactive SONIA Daily Index - GBP - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £204m | | Launched | 2007 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2010 | ## 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 | +3.74% | +0.06% | income reinvested | | 3 years | +13.81% | +2.82% | income reinvested | | 5 years | +19.69% | -6.58% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution in pounds (price only, income paid out not included): 2022 +0.9%, 2023 +0.4%, 2024 −0.1%, 2025 −0.5%; 2026 to 13/11/2026 −0.6%. Returns of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.1%; to 30/09/2025: −0.2%; to 30/09/2024: 0.0%; to 30/09/2023: −0.2%; to 30/09/2022: +0.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +0.9% | -7.6% | Price | | 2023 | +0.4% | -3.6% | Price | | 2024 | -0.1% | -3.5% | Price | | 2025 | -0.5% | -3.9% | Price | | 2026 to 13/11/2026 | -0.6% | -3.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 2.70% | -1.90% | | 3 years | 3.14% | -2.69% | | 5 years | 2.74% | -2.69% | ## Largest fall Volatility of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution in pounds, annualised from weekly returns to 13/11/2026: 2.7% over 1 year, 3.1% over 3 years, 2.7% over 5 years. Largest fall in the price of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution since November 2021, in pounds: −2.7% from 16/08/2024 to 21/08/2026. The lowest 12-month return of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution in pounds (price only, income paid out not included) since January 2021 was −0.9% (12 months to 10/02/2023); the highest was +2.8% (12 months to 16/02/2024). On 13/11/2026 the price of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution was 1.9% below its highest weekly close since November 2021 (16/08/2024), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). ## Funds tracking the same index 2 funds track Solactive SONIA Daily Index - GBP - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.10% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | UBS (Irl) Fund Solutions PLC - GBP Overnight Rate SF UCITS ETF Accum A GBP | 0.05% | +3.7% | — | — | | Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D Distribution (this fund) | 0.10% | +3.7% | +13.8% | +19.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** 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 XSTR 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 | United Kingdom of Great Britain An (GB00BMGR2916) | — | 13.34% | | 2 | United Kingdom of Great Britain An (GB00BNNGP551) | — | 12.20% | | 3 | UK Conv Gilt | — | 11.06% | | 4 | UK I/L Gilt (GB00BMF9LH90) | — | 10.85% | | 5 | United Kingdom of Great Britain An (GB00BQC4R999) | — | 7.55% | | 6 | France (Republic Of) (FR0013154028) | — | 7.35% | | 7 | UK I/L Gilt (GB00B128DH60) | — | 5.97% | | 8 | Germany (Federal Republic Of) | — | 3.74% | | 9 | United Kingdom of Great Britain An (GB00BT7HZZ68) | — | 3.54% | | 10 | United Kingdom of Great Britain An (GB00BQC82B83) | — | 3.47% | All 31 holdings: https://fundology.uk/fund/xstr/holdings ## Questions people ask **What is the ongoing charge of XSTR?** The ongoing charge of XSTR is 0.10% a year — about £10 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 II GBP Overnight Rate Swap UCITS ETF 1D Distribution 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). **What does XSTR track?** XSTR tracks the Solactive SONIA Daily Index - GBP - Benchmark TR Gross. **Is XSTR accumulating or distributing?** XSTR 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 XSTR?** The ISIN of XSTR is LU0321464652. An ISIN identifies one exact share class of a fund; XSTR is its ticker on the London Stock Exchange. The same share class is also listed as DXS1 (Xetra, euros). **What does XSTR hold?** XSTR 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 XSTR’s returns in each of the last five years?** Calendar-year returns of XSTR in pounds (price only, income paid out not included): 2022 +0.9%, 2023 +0.4%, 2024 −0.1%, 2025 −0.5%; 2026 to 13/11/2026 −0.6%. Past performance is not a guide to future returns. **How has XSTR done after inflation?** Over the five years to 13/11/2026 XSTR’s total return was +19.7%, or −6.6% 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/LU0321464652-gbp-overnight-rate-swap-ucits-etf-1d/) - 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.