ETF · Xtrackers
XUST Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation
ISIN LU1920015796London Stock Exchange: XUSTDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$8.14
on
- Ongoing charge
- 0.07% a year
- Fund size
- £327m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XUST (Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation, ISIN LU1920015796) closed at $8.14 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the three years to 13/11/2026 its total return was +3.5%, or −6.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −1.0%
- −4.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +3.5%
- −6.5% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund): 2023 −1.8%, 2024 +3.1%, 2025 −1.9%; 2026 to 13/11/2026 +0.2%. Returns of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.0%; to 30/09/2025: +1.7%; to 30/09/2024: +0.7%; to 30/09/2023: −11.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.2% | −3.0% | |
| to | −1.9% | −5.3% | |
| to | +3.1% | −0.4% | |
| −1.8% | −5.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.0% | −4.5% |
| from | +1.7% | −2.3% |
| from | +0.7% | −1.9% |
| from | −11.1% | −16.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
7.1%over 3 years
| 1 year | 5.9% |
|---|---|
| 3 years | 7.1% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since September 2022
- −13.9%
- From to
- Lowest 12-month return
- −11.1%
- 12 months to
- Highest 12-month return
- +7.5%
- 12 months to
- Below its highest weekly close since September 2022
- 8.3%
- High of , latest
In words: Volatility of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 7.1% over 3 years. Largest fall in the price of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation since September 2022, in pounds: −13.9% from 30/09/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund) since September 2022 was −11.1% (12 months to 29/09/2023); the highest was +7.5% (12 months to 26/06/2026). On 13/11/2026 the price of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation was 8.3% below its highest weekly close since September 2022 (30/09/2022), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 40 charge less
- 30 the same
- 241 charge more
Ongoing charge of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2021.
It tracks the iBoxx USD Treasuries.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% a year — about £7 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- XUST
- ISIN
- LU1920015796
- Provider
- Xtrackers
- Tracks
- iBoxx USD Treasuries
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £327m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Government bonds
Price chart
Over the last year, the closing price went from $8.24 on 14/11/2025 to $8.14 on 13/11/2026 (−1.2%). The lowest close shown was $8.05 on 02/10/2026 and the highest $8.42 on 27/02/2026.
One close a week. Before 28/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
216 weekly closes, from 23/09/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 300
- on record
- Ten largest
- 7.4%
- of the whole fund
- Effective number of holdings
- 251
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.8%
- Treasury Note (US91282CLW90)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Note (US91282CLW90)United States | 0.75% |
| 2 | Treasury Note (US91282CNT44)United States | 0.75% |
| 3 | Treasury Note (US91282CMM00)United States | 0.74% |
| 4 | Treasury Note (US91282CNC19)United States | 0.74% |
| 5 | Treasury Note (US91282CPZ85)United States | 0.74% |
| 6 | Treasury Note (US91282CQQ77)United States | 0.74% |
| 7 | Treasury Note (US91282CJJ18)United States | 0.73% |
| 8 | Treasury Note (US91282CJZ59)United States | 0.73% |
| 9 | Treasury Note (US91282CKQ32)United States | 0.73% |
| 10 | Treasury Note (US91282CLF67)United States | 0.73% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States99.9%
- Other funds0.1%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 300 holdings; the ten largest make up 7.4% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
4 funds track iBoxx USD Treasuries, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year | 0.07% | −1.0% | +3.5% | −2.6% |
| Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged | Not reported | −0.7% | +5.1% | Not reported |
| Xtrackers II US Treasuries UCITS ETF EURDistributing · 0.10% a year | 0.10% | Not reported | +1.3% | −15.0% |
| Xtrackers II US Treasuries UCITS ETF Shs 1C CapitalisationThis fundAccumulating · 0.07% a year | 0.07% | −1.0% | +3.5% | Not reported |
As of
iBoxx USD Treasuries funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year · LU0429459356
- Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged · LU2610432036
- Xtrackers II US Treasuries UCITS ETF EURDistributing · 0.10% a year · LU1399300455
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 164 rolling 12-month returns since September 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since September 2022, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of XUST?
The ongoing charge of XUST is 0.07% a year — about £7 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 US Treasuries UCITS ETF Shs 1C Capitalisation 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).
What does XUST track?
XUST tracks the iBoxx USD Treasuries.
Is XUST accumulating or distributing?
XUST 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 XUST?
The ISIN of XUST is LU1920015796. An ISIN identifies one exact share class of a fund; XUST is its ticker on the London Stock Exchange.
What does XUST hold?
As of 15/11/2026, XUST holds 300 positions, according to its published holdings. The largest is Treasury Note (US91282CLW90) at 0.75% of the fund; the ten largest make up 7.4%. Its ten largest holdings are Treasury Note (US91282CLW90) (0.75%), Treasury Note (US91282CNT44) (0.75%), Treasury Note (US91282CMM00) (0.74%), Treasury Note (US91282CNC19) (0.74%), Treasury Note (US91282CPZ85) (0.74%), Treasury Note (US91282CQQ77) (0.74%), Treasury Note (US91282CJJ18) (0.73%), Treasury Note (US91282CJZ59) (0.73%), Treasury Note (US91282CKQ32) (0.73%) and Treasury Note (US91282CLF67) (0.73%).
What were XUST’s returns in each of the last five years?
Calendar-year returns of XUST in pounds (price, with income reinvested in the fund): 2023 −1.8%, 2024 +3.1%, 2025 −1.9%; 2026 to 13/11/2026 +0.2%. Past performance is not a guide to future returns.
How has XUST done after inflation?
Over the three years to 13/11/2026 XUST’s total return was +3.5%, or −6.5% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Xtrackers (DWS) (links checked )
Methodology:ReturnsCategoriesAll methods
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