ETF · Xtrackers
XUTL Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution
ISIN LU2662649412London Stock Exchange: XUTLDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE$28.55
on
- Ongoing charge
- 0.06% a year
- Fund size
- £2.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XUTL (Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution, ISIN LU2662649412) closed at $28.55 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the year to 13/11/2026 its total return was −5.0%, or −8.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −5.0%
- −8.3% 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 10+ UCITS ETF -1D- Distribution in pounds (price only, income paid out not included): 2024 −5.8%, 2025 −6.7%; 2026 to 13/11/2026 −7.0%. Returns of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −10.8%; to 30/09/2025: −7.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −7.0% | −9.9% | |
| to | −6.7% | −9.9% | |
| to | −5.8% | −9.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −10.8% | −14.0% |
| from | −7.5% | −11.1% |
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)
10.0%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since December 2023
- −21.4%
- From to
- Lowest 12-month return
- −12.8%
- 12 months to
- Highest 12-month return
- +4.3%
- 12 months to
- Below its highest weekly close since December 2023
- 19.3%
- High of , latest
In words: Volatility of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution in pounds, annualised from weekly returns to 13/11/2026: 10.0% over 1 year. Largest fall in the price of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution since December 2023, in pounds: −21.4% from 02/08/2024 to 09/10/2026. The lowest 12-month return of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution in pounds (price only, income paid out not included) since December 2023 was −12.8% (12 months to 15/08/2025); the highest was +4.3% (12 months to 26/06/2026). On 13/11/2026 the price of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution was 19.3% below its highest weekly close since December 2023 (02/08/2024), 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
- 0.06%
- a year
- On £10,000
- £6
- a year, roughly
- Over five years
- £30
- of £10,000, before growth
- 13 charge less
- 26 the same
- 272 charge more
Ongoing charge of Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 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 10+ UCITS ETF -1D- Distribution is an exchange-traded fund (ETF) from Xtrackers, launched in 2023.
It tracks the Bloomberg US Aggregate Government - Treasury - Long.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.06% a year — about £6 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
- XUTL
- ISIN
- LU2662649412
- Provider
- Xtrackers
- Tracks
- Bloomberg US Aggregate Government - Treasury - Long
- 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
- 0.06% a year · about £6 on £10,000
- Fund size
- £2.8m
- 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 $31.53 on 14/11/2025 to $28.55 on 13/11/2026 (−9.5%). The lowest close shown was $27.79 on 02/10/2026 and the highest $32.12 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. Weeks missing from our record are filled from the same history. 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
152 weekly closes, from 15/12/2023 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
- 102
- 103 reported in all
- Ten largest
- 21.0%
- of the whole fund
- Effective number of holdings
- 77
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.2%
- Treasury Bond (US912810UW61)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Bond (US912810UW61)United States | 2.21% |
| 2 | Treasury Bond (US912810UU06)United States | 2.17% |
| 3 | Treasury Bond (US912810UK24)United States | 2.13% |
| 4 | Treasury Bond (US912810UM89)United States | 2.10% |
| 5 | Treasury Bond (US912810UA42)United States | 2.09% |
| 6 | Treasury Bond (US912810UG12)United States | 2.09% |
| 7 | Treasury Bond (US912810UP11)United States | 2.09% |
| 8 | Treasury Bond (US912810UR76)United States | 2.08% |
| 9 | Treasury Bond (US912810TV08)United States | 2.04% |
| 10 | Treasury Bond (US912810UE63)United States | 2.04% |
As of , holdings as published
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 103 holdings; the ten largest make up 21.0% 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
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 100 rolling 12-month returns since December 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since December 2023, 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 (150 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 XUTL?
The ongoing charge of XUTL is 0.06% a year — about £6 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 10+ UCITS ETF -1D- Distribution 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once).
What does XUTL track?
XUTL tracks the Bloomberg US Aggregate Government - Treasury - Long.
Is XUTL accumulating or distributing?
XUTL 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 XUTL?
The ISIN of XUTL is LU2662649412. An ISIN identifies one exact share class of a fund; XUTL is its ticker on the London Stock Exchange.
What does XUTL hold?
As of 15/11/2026, XUTL holds 103 positions, according to its published holdings. The largest is Treasury Bond (US912810UW61) at 2.21% of the fund; the ten largest make up 21.0%. Its ten largest holdings are Treasury Bond (US912810UW61) (2.21%), Treasury Bond (US912810UU06) (2.17%), Treasury Bond (US912810UK24) (2.13%), Treasury Bond (US912810UM89) (2.10%), Treasury Bond (US912810UA42) (2.09%), Treasury Bond (US912810UG12) (2.09%), Treasury Bond (US912810UP11) (2.09%), Treasury Bond (US912810UR76) (2.08%), Treasury Bond (US912810TV08) (2.04%) and Treasury Bond (US912810UE63) (2.04%).
What were XUTL’s returns in each of the last five years?
Calendar-year returns of XUTL in pounds (price only, income paid out not included): 2024 −5.8%, 2025 −6.7%; 2026 to 13/11/2026 −7.0%. Past performance is not a guide to future returns.
How has XUTL done after inflation?
Over the year to 13/11/2026 XUTL’s total return was −5.0%, or −8.3% 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.