# Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D (XUT3) **Page:** https://fundology.uk/fund/xut3 · ISIN LU0429458895 ## 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, 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. ## Summary 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. Latest close: **$166.45** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUT3 | | ISIN | LU0429458895 | | Also listed as | D5BE (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | iBoxx USD Treasuries 1-3Y Mid Price TCA Index | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £110m | | Launched | 2009 | | 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 | +1.56% | -2.04% | income reinvested | | 3 years | +4.39% | -5.69% | income reinvested | | 5 years | +12.29% | -12.35% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | +7.0% | -2.1% | Price | | 2023 | -3.3% | -7.2% | Price | | 2024 | +4.2% | +0.6% | Price | | 2025 | -5.7% | -8.9% | Price | | 2026 to 13/11/2026 | -0.2% | -3.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.26% | -4.21% | | 3 years | 6.30% | -10.15% | | 5 years | 7.39% | -14.79% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1D (this fund) | 0.07% | +1.6% | +4.4% | +12.3% | | Xtrackers II US Treasuries 1-3 UCITS ETF Shs 1C Capitalisation | 0.07% | +1.6% | +4.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** 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, 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%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Note (US91282CGH88) | — | 2.12% | | 2 | Treasury Note (US9128285M81) | — | 1.40% | | 3 | Treasury Note (US91282CPE56) | — | 1.36% | | 4 | Treasury Note (US91282CKP58) | — | 1.34% | | 5 | Treasury Note (US9128286B18) | — | 1.32% | | 6 | Treasury Note (US9128286T26) | — | 1.32% | | 7 | Treasury Note (US91282CLN91) | — | 1.32% | | 8 | Treasury Note (US91282CRB99) | — | 1.32% | | 9 | Treasury Note (US91282CKT70) | — | 1.31% | | 10 | Treasury Note (US91282CRH69) | — | 1.31% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 08/11/2026. | Country | Weight | |---|---| | United States | 99.9% | | Ireland | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 08/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.8% | | Equity | 0.1% | All 97 holdings: https://fundology.uk/fund/xut3/holdings ## 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. ## Fund documents - [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU0429458895-us-treasuries-1-3-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.