# Xtrackers II US Treasuries UCITS ETF (XUTD) **Page:** https://fundology.uk/fund/xutd · ISIN LU0429459356 ## 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, XUTD (Xtrackers II US Treasuries UCITS ETF, ISIN LU0429459356) closed at $187.79 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 −2.6%, or −24.0% after UK CPIH inflation. ## Summary Xtrackers II US Treasuries UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2009. 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 paid out to holders as cash, usually a few times a year. Latest close: **$187.79** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUTD | | ISIN | LU0429459356 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | iBoxx USD Treasuries | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £727m | | 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 | -0.99% | -4.49% | income reinvested | | 3 years | +3.49% | -6.50% | income reinvested | | 5 years | -2.64% | -24.01% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers II US Treasuries UCITS ETF in pounds (price only, income paid out not included): 2022 −4.0%, 2023 −4.1%, 2024 −0.6%, 2025 −5.2%; 2026 to 13/11/2026 −2.4%. Returns of Xtrackers II US Treasuries UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.5%; to 30/09/2025: −1.6%; to 30/09/2024: −2.8%; to 30/09/2023: −13.1%; to 30/09/2022: +4.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -4.0% | -12.2% | Price | | 2023 | -4.1% | -7.9% | Price | | 2024 | -0.6% | -4.0% | Price | | 2025 | -5.2% | -8.4% | Price | | 2026 to 13/11/2026 | -2.4% | -5.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.76% | -6.98% | | 3 years | 7.24% | -10.29% | | 5 years | 8.05% | -20.29% | ## Largest fall Volatility of Xtrackers II US Treasuries UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year, 7.2% over 3 years, 8.1% over 5 years. Largest fall in the price of Xtrackers II US Treasuries UCITS ETF since November 2021, in pounds: −20.3% from 30/09/2022 to 07/09/2026. The lowest 12-month return of Xtrackers II US Treasuries UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −13.7% (12 months to 14/07/2023); the highest was +5.3% (12 months to 23/09/2022). On 13/11/2026 the price of Xtrackers II US Treasuries UCITS ETF was 19.1% below its highest weekly close since November 2021 (30/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers II US Treasuries UCITS ETF 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 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Xtrackers II US Treasuries UCITS ETF (this fund) | 0.07% | -1.0% | +3.5% | -2.6% | | Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- Capitalisation | — | -0.7% | +5.1% | — | | Xtrackers II US Treasuries UCITS ETF EUR | 0.10% | — | +1.3% | -15.0% | | Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation | 0.07% | -1.0% | +3.5% | — | 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, XUTD 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%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Note (US91282CLW90) | — | 0.75% | | 2 | Treasury Note (US91282CNT44) | — | 0.75% | | 3 | Treasury Note (US91282CMM00) | — | 0.74% | | 4 | Treasury Note (US91282CNC19) | — | 0.74% | | 5 | Treasury Note (US91282CPZ85) | — | 0.74% | | 6 | Treasury Note (US91282CQQ77) | — | 0.74% | | 7 | Treasury Note (US91282CJJ18) | — | 0.73% | | 8 | Treasury Note (US91282CJZ59) | — | 0.73% | | 9 | Treasury Note (US91282CKQ32) | — | 0.73% | | 10 | Treasury Note (US91282CLF67) | — | 0.73% | ## 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 15/11/2026. | Country | Weight | |---|---| | United States | 99.9% | | Other funds | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 15/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 300 holdings: https://fundology.uk/fund/xutd/holdings ## Questions people ask **What is the ongoing charge of XUTD?** The ongoing charge of XUTD 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 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 XUTD track?** XUTD tracks the iBoxx USD Treasuries. **Is XUTD accumulating or distributing?** XUTD 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 XUTD?** The ISIN of XUTD is LU0429459356. An ISIN identifies one exact share class of a fund; XUTD is its ticker on the London Stock Exchange. **What does XUTD hold?** As of 15/11/2026, XUTD 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 XUTD’s returns in each of the last five years?** Calendar-year returns of XUTD in pounds (price only, income paid out not included): 2022 −4.0%, 2023 −4.1%, 2024 −0.6%, 2025 −5.2%; 2026 to 13/11/2026 −2.4%. Past performance is not a guide to future returns. **How has XUTD done after inflation?** Over the five years to 13/11/2026 XUTD’s total return was −2.6%, or −24.0% 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/LU0429459356-us-treasuries-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.