ETF · Xtrackers
XUT3 Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D
ISIN LU0429458895London Stock Exchange: XUT3Deutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE$166.45
on
- Ongoing charge
- 0.07% a year
- Fund size
- £110m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XUT3 (Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D, ISIN LU0429458895) closed at $166.45 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was +12.3%, or −12.4% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.6%
- −2.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +4.4%
- −5.7% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +12.3%
- −12.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,123 on 13/11/2026 — about £876 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D in pounds (price only, income paid out not included): 2022 +7.0%, 2023 −3.3%, 2024 +4.2%, 2025 −5.7%; 2026 to 13/11/2026 −0.2%. Returns of Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.2%; to 30/09/2025: +0.6%; to 30/09/2024: −4.6%; to 30/09/2023: −9.5%; to 30/09/2022: +15.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.2% | −3.4% | |
| to | −5.7% | −8.9% | |
| to | +4.2% | +0.6% | |
| −3.3% | −7.2% | ||
| +7.0% | −2.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −0.2% | −3.8% |
| from | +0.6% | −3.3% |
| from | −4.6% | −7.0% |
| from | −9.5% | −14.9% |
| from | +15.3% | +5.9% |
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)
7.4%over 5 years
| 1 year | 5.3% |
|---|---|
| 3 years | 6.3% |
| 5 years | 7.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −14.8%
- From to
- Lowest 12-month return
- −10.4%
- 12 months to
- Highest 12-month return
- +16.8%
- 12 months to
- Below its highest weekly close since November 2021
- 12.4%
- High of , latest
In words: Volatility of Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D in pounds, annualised from weekly returns to 13/11/2026: 5.3% over 1 year, 6.3% over 3 years, 7.4% over 5 years. Largest fall in the price of Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D since November 2021, in pounds: −14.8% from 30/09/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D in pounds (price only, income paid out not included) since January 2021 was −10.4% (12 months to 14/07/2023); the highest was +16.8% (12 months to 21/10/2022). On 13/11/2026 the price of Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D was 12.4% below its highest weekly close since November 2021 (30/09/2022), in pounds.
As of , price only — income paid out is not included
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 IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D 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 IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D is an exchange-traded fund (ETF) from Xtrackers, launched in 2009.
It tracks the iBoxx USD Treasuries 1-3Y Mid Price TCA Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% 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 paid out to holders as cash, usually a few times a year.
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
- XUT3
- ISIN
- LU0429458895
- Also listed as
- D5BE (Xetra, euros)
- Provider
- Xtrackers
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £110m
- 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 $168.47 on 14/11/2025 to $166.45 on 13/11/2026 (−1.2%). The lowest close shown was $165.35 on 23/09/2026 and the highest $170.44 on 13/02/2026.
One close a week. Before 04/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
256 weekly closes, from 12/11/2021 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
- 97
- on record
- Ten largest
- 14.1%
- of the whole fund
- Effective number of holdings
- 90
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.1%
- Treasury Note (US91282CGH88)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Note (US91282CGH88)United States | 2.12% |
| 2 | Treasury Note (US9128285M81)United States | 1.40% |
| 3 | Treasury Note (US91282CPE56)United States | 1.36% |
| 4 | Treasury Note (US91282CKP58)United States | 1.34% |
| 5 | Treasury Note (US9128286B18)United States | 1.32% |
| 6 | Treasury Note (US9128286T26)United States | 1.32% |
| 7 | Treasury Note (US91282CLN91)United States | 1.32% |
| 8 | Treasury Note (US91282CRB99)United States | 1.32% |
| 9 | Treasury Note (US91282CKT70)United States | 1.31% |
| 10 | Treasury Note (US91282CRH69)United States | 1.31% |
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 97 largest and what changed since .
More of the portfolio
The fund publishes 97 holdings; the ten largest make up 14.1% 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
2 funds track iBoxx USD Treasuries 1-3Y Mid Price TCA Index, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.07% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1DThis fundDistributing · 0.07% a year | 0.07% | +1.6% | +4.4% | +12.3% |
| Xtrackers II US Treasuries 1-3 UCITS ETF Shs 1C CapitalisationAccumulating · 0.07% a year | 0.07% | +1.6% | +4.4% | Not reported |
As of
iBoxx USD Treasuries 1-3Y Mid Price TCA funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 246 rolling 12-month returns since January 2021, and of 142 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each 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 (149 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 XUT3?
The ongoing charge of XUT3 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 IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D 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 XUT3 track?
XUT3 tracks the iBoxx USD Treasuries 1-3Y Mid Price TCA Index.
Is XUT3 accumulating or distributing?
XUT3 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of XUT3?
The ISIN of XUT3 is LU0429458895. An ISIN identifies one exact share class of a fund; XUT3 is its ticker on the London Stock Exchange. The same share class is also listed as D5BE (Xetra, euros).
What does XUT3 hold?
As of 15/11/2026, XUT3 holds 97 positions, according to its published holdings. The largest is Treasury Note (US91282CGH88) at 2.12% of the fund; the ten largest make up 14.1%. Its ten largest holdings are Treasury Note (US91282CGH88) (2.12%), Treasury Note (US9128285M81) (1.40%), Treasury Note (US91282CPE56) (1.36%), Treasury Note (US91282CKP58) (1.34%), Treasury Note (US9128286B18) (1.32%), Treasury Note (US9128286T26) (1.32%), Treasury Note (US91282CLN91) (1.32%), Treasury Note (US91282CRB99) (1.32%), Treasury Note (US91282CKT70) (1.31%) and Treasury Note (US91282CRH69) (1.31%).
What were XUT3’s returns in each of the last five years?
Calendar-year returns of XUT3 in pounds (price only, income paid out not included): 2022 +7.0%, 2023 −3.3%, 2024 +4.2%, 2025 −5.7%; 2026 to 13/11/2026 −0.2%. Past performance is not a guide to future returns.
How has XUT3 done after inflation?
Over the five years to 13/11/2026 XUT3’s total return was +12.3%, or −12.4% 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
A machine-readable copy of this page: Markdown.