# Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation (XUST) **Source:** https://fundology.uk/fund/xust · ISIN LU1920015796 · 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, XUST (Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation, ISIN LU1920015796) closed at $8.04 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the three years to 30/09/2026 its total return was +1.5%, or −8.4% after UK CPIH inflation. ## Summary 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. Latest close: **$8.04** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUST | | ISIN | LU1920015796 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | iBoxx USD Treasuries | | Income | Accumulating | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £243m | | Launched | 2021 | | 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 | -0.43% | -3.55% | income reinvested | | 3 years | +1.50% | -8.41% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +1.6%, 2025 −1.0%; 2026 to 30/09/2026 −1.1%. 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: −1.2%; to 30/09/2025: +1.9%; to 30/09/2024: +0.7%; to 30/09/2023: −11.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | -1.8% | -5.7% | Price | | 2024 | +1.6% | -1.8% | Price | | 2025 | -1.0% | -4.4% | Price | | 2026 to 30/09/2026 | -1.1% | -3.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.40% | -4.99% | | 3 years | 7.18% | -8.03% | ## Largest fall Volatility of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds, annualised from weekly returns to 30/09/2026: 6.4% over 1 year, 7.2% 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 30/09/2026 the price of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation was 9.9% below its highest weekly close since September 2022 (30/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once). ## 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II US Treasuries UCITS ETF | 0.07% | -0.4% | +1.5% | -4.6% | | Xtrackers II US Treasuries UCITS ETF | 0.10% | -5.5% | +2.7% | -15.4% | | Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- Capitalisation | — | -1.6% | +3.3% | — | | Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation (this fund) | 0.07% | -0.4% | +1.5% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 01/10/2026): | Holding | Weight | |---|---| | Treasury Note | 72.61% | | Treasury Bond | 21.38% | | Wi Treasury Note | 0.91% | | United States Treasury | 0.81% | | Treasury NOTE/15.11.30 | 0.64% | | Wi Treasury Bond | 0.62% | | Treasury NOTE/15.02.28 | 0.43% | | Treasury BOND/15.05.54 | 0.40% | | Treasury BOND/15.11.55 | 0.40% | | Treasury NOTE/31.10.28 | 0.39% | ## 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 country Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Country | Weight | |---|---| | United States | 99.9% | | Ireland | 0.1% | ### By type of asset Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Type of asset | Weight | |---|---| | Bonds | 99.8% | | Equity | 0.1% | | Cash and money market | 0.1% | All 17 holdings: https://fundology.uk/fund/xust/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.