# Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C (XXSC)

**Source:** https://fundology.uk/fund/xxsc · ISIN LU0322253906 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Xtrackers), ONS CPIH, FCA FIRDS

## 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 01/10/2026, XXSC (Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C, ISIN LU0322253906) closed at £62.18 on the London Stock Exchange. Its ongoing charge is 0.33% a year (about £33 on £10,000). Over the five years to 01/10/2026 its total return was +21.8%, or −4.8% after UK CPIH inflation.

## Summary

Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2008. It tracks the MSCI Europe Small Cap — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.33% a year — about £33 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£62.18** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XXSC |
| ISIN | LU0322253906 |
| Category | Smaller companies |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Europe Small Cap |
| Income | Accumulating |
| Ongoing charge | 0.33% a year (£33 per £10,000) |
| Fund size | £2.1bn |
| Launched | 2008 |
| Domicile | Luxembourg |

## Past returns (periods to 01/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +10.15% | +6.69% | income reinvested |
| 3 years | +46.42% | +32.13% | income reinvested |
| 5 years | +21.79% | -4.79% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −17.5%, 2023 +10.4%, 2024 +0.4%, 2025 +21.7%; 2026 to 01/10/2026 +5.8%. Returns of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +11.5%; to 30/09/2025: +11.5%; to 30/09/2024: +16.4%; to 30/09/2023: +12.4%; to 30/09/2022: −26.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -17.5% | -24.5% | Price |
| 2023 | +10.4% | +6.0% | Price |
| 2024 | +0.4% | -3.0% | Price |
| 2025 | +21.7% | +17.5% | Price |
| 2026 to 01/10/2026 | +5.8% | +2.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.61% | -10.79% |
| 3 years | 13.68% | -10.79% |
| 5 years | 15.75% | -28.97% |

## Largest fall

Volatility of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 01/10/2026: 14.6% over 1 year, 13.7% over 3 years, 15.7% over 5 years. Largest fall in the price of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C since October 2021, in pounds: −29.0% from 12/11/2021 to 14/10/2022. The lowest 12-month return of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −26.2% (12 months to 14/10/2022); the highest was +28.8% (12 months to 17/04/2026). On 01/10/2026 the price of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C was 4.6% below its highest weekly close since October 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C 0.33% a year, as of 02/10/2026: 17 of the 32 other smaller-company funds charge more, 0 the same and 15 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI Europe Small Cap, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.33% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares III PLC - iShares MSCI Europe Small Cap UCITS ETF Accum- EUR | 0.25% | — | — | — |
| Xtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C (this fund) | 0.33% | +10.1% | +46.4% | +21.8% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.33%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 01/10/2026, XXSC holds 838 positions, according to the holdings Xtrackers publishes. The largest is Imi at 0.64% of the fund; the ten largest make up 5.5%.

### Top holdings

Largest positions (as of 01/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Imi | [IMI](https://fundology.uk/stock/IMI) | 0.64% |
| 2 | Beazley | [BEZ](https://fundology.uk/stock/BEZ) | 0.62% |
| 3 | Weir | [WEIR](https://fundology.uk/stock/WEIR) | 0.60% |
| 4 | Gaztransport & Technigaz | [GTT](https://fundology.uk/stock/GTT) | 0.58% |
| 5 | Accelleron N | — | 0.53% |
| 6 | thyssenkrupp | [TKA](https://fundology.uk/stock/TKA) | 0.53% |
| 7 | Hiscox | [HSX](https://fundology.uk/stock/HSX) | 0.51% |
| 8 | PSP Swiss Property | [PSPN](https://fundology.uk/stock/PSPN) | 0.51% |
| 9 | Storebrand | — | 0.51% |
| 10 | Games Workshop Group | [GAW](https://fundology.uk/stock/GAW) | 0.50% |

Source: Xtrackers, holdings as published, as of 01/10/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Sector | Weight |
|---|---|
| Industrials | 26.0% |
| Financials | 15.8% |
| Consumer Discretionary | 10.9% |
| Materials | 8.6% |
| Real Estate | 8.2% |
| Information Technology | 7.7% |
| Health Care | 6.9% |
| Energy | 5.4% |
| Other sectors | 10.6% |

### By country

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Country | Weight |
|---|---|
| United Kingdom | 28.0% |
| Sweden | 11.2% |
| Switzerland | 9.5% |
| Germany | 9.0% |
| France | 8.2% |
| Italy | 5.6% |
| Denmark | 4.5% |
| Norway | 4.2% |
| Other countries | 19.9% |

### By type of asset

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Type of asset | Weight |
|---|---|
| Equity | 100.0% |
| Cash and money market | 0.1% |

All 838 holdings: https://fundology.uk/fund/xxsc/holdings

## Questions people ask

**What is the ongoing charge of XXSC?**

The ongoing charge of XXSC is 0.33% a year — about £33 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 MSCI Europe Small Cap UCITS ETF Capitalisation 1C 0.33% a year, as of 02/10/2026: 17 of the 32 other smaller-company funds charge more, 0 the same and 15 less (share classes counted once).

**What does XXSC track?**

XXSC tracks the MSCI Europe Small Cap — large and medium-sized European companies.

**Is XXSC accumulating or distributing?**

XXSC is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of XXSC?**

The ISIN of XXSC is LU0322253906. An ISIN identifies one exact share class of a fund; XXSC is its ticker on the London Stock Exchange.

**What does XXSC hold?**

As of 01/10/2026, XXSC holds 838 positions, according to the holdings Xtrackers publishes. The largest is Imi at 0.64% of the fund; the ten largest make up 5.5%. Its ten largest holdings are Imi (0.64%), Beazley (0.62%), Weir (0.60%), Gaztransport & Technigaz (0.58%), Accelleron N (0.53%), thyssenkrupp (0.53%), Hiscox (0.51%), PSP Swiss Property (0.51%), Storebrand (0.51%) and Games Workshop Group (0.50%).

**What were XXSC’s returns in each of the last five years?**

Calendar-year returns of XXSC in pounds (price, with income reinvested in the fund): 2022 −17.5%, 2023 +10.4%, 2024 +0.4%, 2025 +21.7%; 2026 to 01/10/2026 +5.8%. Past performance is not a guide to future returns.

**How has XXSC done after inflation?**

Over the five years to 01/10/2026 XXSC’s total return was +21.8%, or −4.8% after UK CPIH inflation. Past performance is not a guide to future returns.

---

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.