# Xtrackers II US Treasuries 10+ UCITS ETF -1D- Distribution (XUTL) **Page:** https://fundology.uk/fund/xutl · ISIN LU2662649412 ## 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, 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. ## Summary 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. Latest close: **$28.55** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUTL | | ISIN | LU2662649412 | | Category | Government bonds | | Type | ETF | | Provider | Xtrackers | | Tracks | Bloomberg US Aggregate Government - Treasury - Long | | Income | Distributing | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £2.8m | | Launched | 2023 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/12/2023 | ## 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 | -4.96% | -8.33% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2024 | -5.8% | -9.0% | Price | | 2025 | -6.7% | -9.9% | Price | | 2026 to 13/11/2026 | -7.0% | -9.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.00% | -13.04% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.06%** 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, 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%. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Bond (US912810UW61) | — | 2.21% | | 2 | Treasury Bond (US912810UU06) | — | 2.17% | | 3 | Treasury Bond (US912810UK24) | — | 2.13% | | 4 | Treasury Bond (US912810UM89) | — | 2.10% | | 5 | Treasury Bond (US912810UA42) | — | 2.09% | | 6 | Treasury Bond (US912810UG12) | — | 2.09% | | 7 | Treasury Bond (US912810UP11) | — | 2.09% | | 8 | Treasury Bond (US912810UR76) | — | 2.08% | | 9 | Treasury Bond (US912810TV08) | — | 2.04% | | 10 | Treasury Bond (US912810UE63) | — | 2.04% | The 102 holdings on record (of 103 reported): https://fundology.uk/fund/xutl/holdings ## 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. ## Fund documents - [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU2662649412-us-treasuries-10-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.