← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 22.56%details →

Xtrackers Portfolio Income UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: IE00B3Y8D011Ticker: XS7W (Borsa Italiana) · XS7W (Xetra) · 0Y0J (London SE)Issuer: Xtrackers
Issuer-declared data
TER
0.65%
Transaction costs
0.11% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Gestione attiva (dal KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
58.7 mln EUR
Domicile
Ireland
Inception date
4 February 2011
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

Xtrackers Portfolio Income UCITS ETF 1d is an actively managed ETF: it does not track an index. It is a multi-asset (balanced) ETF: a single instrument combining several asset classes — typically stocks and bonds — in the proportions set by its strategy, built as a basket of other ETFs. The declared annual cost (TER) is 0.65%, plus 0.11% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 59 million euro, was launched on 4 February 2011 and is domiciled in Ireland. In our registry there are 16 other multi-asset ETFs.

The fund’s objective — in the issuer’s words

The fund is actively managed. The fund is not managed in reference to a benchmark.

Keep reading the KID section ▾

INVESTMENT OBJECTIVE:The objective of the investment policy is to achieve a positive mid- to long-term investment performance through exposure to a balanced and diversified portfolio comprised primarily of exchange-traded funds (ETFs) linked to equities, fixed income and/or commodities and issued by Xtrackers, Xtrackers II and Xtrackers (IE) plc; the fund may also invest from time to time directly in transferable securities, money market instruments or other collective investment schemes (Invested Assets). The composition of the Invested Assets will be based on the primary aim of creating a total return strategy which seeks to benefit from capital appreciation and income generated by the exposures of the Invested Assets, while limiting volatility.

INVESTMENT POLICY:In seeking to achieve the objective, the investment manager, DWS Investments GmbH, will provide the composition of the Invested Assets to the sub-portfolio manager, DWS Investments UK Limited, on a scheduled quarterly basis (each a quarterly asset selection date) and at such other times as the investment manager may in its discretion determine, based on which the sub-portfolio manager will perform the day-today management of the portfolio. Such proposed composition is subject to the following weighting restrictions, as at each quarterly asset selection date: (i) the weighting of the ETFs that have equities as an asset class can be between 15% and 30%, (ii) the weighting of the ETFs that have fixed income as an asset class can be between 60% and 85%, and (iii) the weighting of the ETFs that have commodities as an asset class can be up to 10%. The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values and full disclosure on the composition of the fund's portfolio) is available on your local DWS website or at www.Xtrackers.com. The currency of the fund is EUR. The fund distributes semiannually. You may request the redemption of shares generally on a daily basis.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.65%: above the median of multi-asset ETFs we track (0.27%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Feb 2011 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+75.9%
Annualised
+3.7%
Volatility (ann.)
5.1%
Max drawdown
-17.03%
-11%+13%+36%+59%+82%Feb 2011Jan 2015Dec 2018Nov 2022Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+76%Feb 2011Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%201120142017202020232026−17.03% · 18 Mar 2020
Max drawdown
-17.03%
peak → trough
Trough
18 Mar 2020
from the 19 Feb 2020 peak
Recovery time
301 days
recovery only: trough to break-even · ≈ 10 months
Underwater
329 days
decline + recovery: peak to break-even · ≈ 11 months · → recovered on 13 Jan 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202018 Mar 2020-17.03%13 Jan 2021329
19 Nov 202120 Oct 2022-14.42%24 Sept 20241,040
15 Apr 201511 Feb 2016-11.21%10 May 2017756
31 May 201124 Nov 2011-8.68%03 Feb 2012248
19 Feb 202507 Apr 2025-5.43%27 Aug 2025189

Calendar-year returns

2016
4.9%
2017
2.6%
2018
-4.2%
2019
14.0%
2020
2.5%
2021
7.5%
2022
-12.3%
2023
8.0%
2024
8.0%
2025
3.8%
2026
4.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.90.8-2.93.02.40.6-0.80.60.04.7
20251.00.6-2.3-0.91.40.21.10.21.21.4-0.1-0.03.8
20240.60.71.5-1.10.91.21.20.51.1-0.42.2-0.48.0
20232.7-0.90.7-0.00.70.51.2-0.4-1.2-0.93.02.58.0
2022-1.8-2.5-0.1-2.5-1.4-3.95.2-2.7-4.11.12.9-2.8-12.3
2021-0.1-0.32.40.10.51.61.30.8-1.01.20.40.57.5
20201.0-2.2-9.04.11.61.80.51.1-0.2-0.13.70.72.5
20193.31.31.91.4-1.42.41.80.71.1-0.30.70.314.0
2018-0.7-0.9-0.51.00.4-0.31.0-0.50.0-2.10.1-1.6-4.2
2017-0.82.00.10.4-0.2-0.9-0.20.20.91.7-0.90.32.6
2016-1.5-0.11.10.61.10.41.30.40.1-0.4-0.01.84.9
20153.22.51.2-0.7-0.0-2.20.5-3.0-1.02.81.1-2.21.9
20140.72.0-0.10.81.30.3-0.31.8-0.30.41.10.48.3
20130.00.30.41.3-0.3-2.51.6-0.61.71.90.2-0.13.8
20122.32.2-0.2-0.5-1.40.72.61.00.60.11.10.79.4
2011-1.01.40.2-1.0-0.4-2.2-1.71.9-2.62.6-2.7
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)4.17%4.51%4.97%5.34%5.47%
Max drawdown-3.53%-7.61%-15.50%-17.03%-17.03%
Sharpe0.820.23-0.330.130.22
Sortino1.120.28-0.410.160.28
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
22
Top-10 weight
70.5%

Top 10 holdings

Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 2C EUR Hedged
12.14%
Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 1C
11.67%
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C
10.69%
Xtrackers S&P 500 Swap II UCITS ETF 1C
6.19%
Xtrackers MSCI USA UCITS ETF 1C
5.43%
Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF 1C
5.31%
Xtrackers MSCI Europe UCITS ETF 1C
5.25%
Xtrackers II Eurozone Government Bond UCITS ETF 1C
4.77%
Xtrackers MSCI Emerging Markets UCITS ETF 1C
4.67%
Xtrackers EUR High Yield Corporate Bond SRI PAB UCITS ETF 1C
4.40%
⬇ Download the full portfolio — Excel, 22 rows
Full portfolio declared by Xtrackers, as of 2 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.19 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
0.19 EUR
Dividend yield
1.38%
12-month sum over the NAV as of 3 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.19 EUR1.46 %
20250.72 EUR5.32 %
20240.00 EUR0.00 %
20230.00 EUR0.00 %
20220.16 EUR1.18 %
20210.11 EUR0.86 %

Dividend contribution to total return

-20%-10%0%10%+7.24 %1 year+3.66 %2025+8.04 %2024+8.04 %2023−12.22 %2022+7.50 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.19
20250.320.40
20220.130.03
20210.11
20200.28
20190.24
20180.07
20170.13
20160.16
20140.54
20130.23
20120.12

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.19 EUR19 Aug 202620 Aug 20263 Sept 2026
0.4006 EUR20 Aug 202521 Aug 20254 Sept 2025
0.3207 EUR19 Feb 202520 Feb 20256 Mar 2025
0.0304 EUR10 Aug 202211 Aug 202225 Aug 2022
0.1281 EUR27 Apr 202228 Apr 20223 May 2022
0.108 EUR28 Apr 202129 Apr 20216 May 2021
0.2764 EUR13 May 202014 May 202018 May 2020
0.2413 EUR11 Apr 201912 Apr 201918 Apr 2019
Per-share dividends as declared by the issuer, in EUR, since the first payment (25 Jul 2012). Past dividends are not indicative of future ones.

Other multi-asset ETFs in our registry

All multi-asset in the search →
FundTERIncomeFund size
Xtrackersactive
0.24%Acc.5 mln EUR
Xtrackersactive
0.24%Acc.4 mln EUR
Xtrackersactive
0.24%Acc.3 mln EUR
Xtrackersactive
0.24%Acc.2 mln EUR
VNGD80 · Vanguard · 2 classesactive
0.25%Dist. · Acc.1.3 mld EUR
VNGD60 · Vanguard · 2 classesactive
0.25%Dist. · Acc.1 mld EUR
VNGA40 · Vanguard · 2 classesactive
0.25%Acc. · Dist.281 mln EUR
VNGA20 · Vanguard · 2 classesactive
0.25%Acc. · Dist.116 mln EUR
MODR · iShares · 3 classesactive
0.28%Acc.47 mln EUR
MAGR · iShares · 3 classesactive
0.29%Acc.108 mln EUR
MACV · iShares · 3 classesactive
0.29%Acc.16 mln EUR
JMAM · JPMorganactive
0.35%Acc.7 mln EUR
JMAG · JPMorganactive
0.35%Acc.6 mln EUR
JMAC · JPMorganactive
0.35%Acc.6 mln EUR
Xtrackersactive
0.70%Acc.765 mln EUR
LC39 · Amundinot on Borsa Italiana
0.18%Acc.6 mln EUR
17 multi-asset ETFs in our registry (including this fund): balanced products mixing several asset classes, each with its own strategy and weights — they do not share an index. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — it is not a zero.

Italian taxation

Effective rate on capital gains
22.56%
White-list share
25.47%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B3Y8D011XS7W
  • Directazero within the savings plan (buys)
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • Moneyfarmzero within the savings plan (buys), agreement until 22 May 2027
  • Moneyfarmzero on single buys from 1,000 €, agreement until 22 May 2027
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)XS7W9 Sept 2015
Börse DüsseldorfXS7W17 Feb 2012
Börse FrankfurtXS7W23 May 2011
Börse HamburgXS7W1 Aug 2016
Börse HannoverXS7W9 Dec 2024
Börse München / gettexXS7W4 Jul 2014
Börse StuttgartXS7W29 Mar 2011
Tradegate ExchangeXS7W22 Dec 2016
Xetra (Deutsche Börse)XS7W17 Mar 2011
+ 13 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

How much does XS7W cost?
The issuer-declared TER is 0.65% per year; the transaction costs estimated in the KID are 0.11%.
How is XS7W taxed in Italy?
On sale, the capital gain is taxed at an effective 22.56% rate (white-list share 25.47%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XS7W?
The fund size declared by Xtrackers is about 59 million euro.
When was XS7W launched?
The fund was launched on 4 February 2011: it has 15 years of history.
Is XS7W actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index.
Does XS7W pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XS7W trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XS7W), Börse Düsseldorf (XS7W), Börse Frankfurt (XS7W), Börse Hamburg (XS7W), Börse Hannover (XS7W), Börse München / gettex (XS7W).
What was XS7W's worst fall?
Over the available history (since 2011), the maximum drawdown was -17.03%, reached in March 2020. Past performance is not indicative of future results.
How many securities does XS7W hold?
The declared portfolio holds 22 securities; the top 10 positions weigh 70.5%.
Transparency note
The data in this sheet is declared by Xtrackers in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.