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: 24.23%details →

Xtrackers Portfolio UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: LU0397221945Ticker: XQUI (Borsa Italiana) · XQUI (Xetra) · XQUI (SIX)Issuer: Xtrackers

Multi-asset actively managed, accumulating. Share class in euro (EUR).

0.70% + 0.16%

TER + KID transaction costs ✓ declared by the issuer

rows published by the issuer · holdings ↓ ✓ declared by the issuer

767 m €

fund assets ✓ declared by the issuer

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

Xtrackers Portfolio UCITS ETF 1c

Management

Active management (from the KID)

Replication

Gestione attiva (dal KID)

SFDR

not declared in the sources we read ≈ Rebalix reading: Article 6 (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

766.9 mln EUR

Domicile

Luxembourg

Share class · this page

ISIN

LU0397221945

Ticker

XQUI (Borsa Italiana) · XQUI (Xetra) · XQUI (SIX)

Share-class currency

euro (EUR)

TER

0.70% (period and nature not declared by the source)

Transaction costs

0.16% (issuer estimate, from the KID)

Income policy

Accumulating

Share-class launch

27 November 2008

Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.70%above the median of multi-asset ETFs we track (0.25%).≈ computed by Rebalix
Assetslarger than 85% of multi-asset ETFs we track.≈ computed by Rebalix
18 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 83.5%of the fund✓ declared by the issuer
Effective rate 24.23%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

Xtrackers Portfolio UCITS ETF 1c 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 0.70%, plus 0.16% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 767 million euro, was launched on 27 November 2008 and is domiciled in Luxembourg. 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 and/or fixed income 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, other collective investment schemes, or other eligible assets (Invested Assets). The sub-portfolio manager for the fund is DWS Investments UK Limited. DWS Investments UK Limited has appointed Index Capital GmbH (Allocation Agent) to provide advisory services with regard to the composition of the fund’s portfolio of ETFs (Proposed Allocation). ALLOCATIONS: The composition of the Proposed Allocation and Invested Assets will be selected with the primary aim of creating a total return strategy, which seeks to benefit from capital appreciation generated by the exposures of the Proposed Allocation and/or Invested Assets, while limiting volatility. The Proposed Allocation will be provided by the Allocation Agent at least on a scheduled quarterly basis. Such Proposed Allocation may be implemented, whether in whole or in part, at the absolute discretion of the sub-portfolio manager and accordingly the Invested Assets of the fund may differ from the Proposed Allocation. The ETFs will generally either reflect the performance of (i) shares of companies in developed and emerging markets and dividend yield strategies including real estate equity or (ii) fixed income investments, including: tradable debt (bonds) issued by governments and companies, short term tradable debt and investment with returns linked to inflation. The asset classes comprising the Proposed Allocation are 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 30% and 70%, and (ii) the weighting of the ETFs that have fixed income as an asset class can be between 30% and 70%.
INVESTMENT POLICY:The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives). 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. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.

From the KID’s “Objectives” section · KID acquired on 4 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
27 November 2008
declared by the issuer
Basket snapshots
3 monthly
since August 2026
Dated events
6
latest: tax event, 1 July 2026

Open the history →

Italian taxation

Effective rate on capital gains

24.23%

White-list share

13.08%

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 →

PerformanceIn this sectionChart Backtest

Fund performance

issuer-declared net asset value (NAV) · EUR · from Nov 2008 to Oct 2026

Adjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+274.1%

Annualised

+7.7%

Volatility (ann.)

8.6%

Max drawdown

-24.22%

27 Nov 2008 → 16 Oct 202617 years and 11 months · +274.1%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

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.

Max drawdown

-24.22%

peak → trough

Trough

23 Mar 2020

from the 19 Feb 2020 peak

Recovery time

268 days

recovery only: trough to break-even · ≈ 9 months

Underwater

301 days

decline + recovery: peak to break-even · ≈ 10 months · → recovered on 16 Dec 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2020	23 Mar 2020	-24.22%	16 Dec 2020	301
15 Apr 2015	11 Feb 2016	-16.65%	13 Feb 2017	670
16 Nov 2021	14 Oct 2022	-16.35%	18 Jun 2024	945
12 Jan 2011	04 Oct 2011	-12.17%	02 Mar 2012	415
18 Feb 2025	11 Apr 2025	-9.96%	12 Aug 2025	175

Calendar-year returns

2016

6.7%

2017

7.1%

2018

-7.0%

2019

18.9%

2020

4.2%

2021

14.5%

2022

-14.1%

2023

11.3%

2024

11.4%

2025

7.6%

2026

9.8%

2008: the share class was launched on 27 November 2008; the return runs from launch to 31 December 2008 and is not a full year.

Month-by-month returns

2026Year 9.8%

Jan

1.6

Feb

2.0

Mar

-3.9

Apr

5.2

May

4.5

Jun

1.2

Jul

-1.5

Aug

0.9

Sept

-0.4

Oct

0.1

Nov

Dec

2025Year 7.6%

Jan

1.7

Feb

0.5

Mar

-3.9

Apr

-1.8

May

3.4

Jun

0.4

Jul

2.4

Aug

0.5

Sept

1.9

Oct

2.7

Nov

-0.2

Dec

-0.1

2024Year 11.4%

Jan

0.7

Feb

1.6

Mar

2.4

Apr

-1.7

May

1.6

Jun

1.3

Jul

1.7

Aug

-0.1

Sept

1.1

Oct

-0.4

Nov

3.5

Dec

-0.6

2023Year 11.3%

Jan

4.0

Feb

-0.5

Mar

-0.2

Apr

-0.3

May

1.2

Jun

1.5

Jul

2.0

Aug

-1.1

Sept

-1.4

Oct

-2.1

Nov

4.3

Dec

3.7

2022Year -14.1%

Jan

-2.4

Feb

-2.4

Mar

0.3

Apr

-2.6

May

-1.3

Jun

-5.2

Jul

6.7

Aug

-2.9

Sept

-5.9

Oct

3.1

Nov

3.3

Dec

-4.9

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	2.0	-3.9	5.2	4.5	1.2	-1.5	0.9	-0.4	0.1			9.8
2025	1.7	0.5	-3.9	-1.8	3.4	0.4	2.4	0.5	1.9	2.7	-0.2	-0.1	7.6
2024	0.7	1.6	2.4	-1.7	1.6	1.3	1.7	-0.1	1.1	-0.4	3.5	-0.6	11.4
2023	4.0	-0.5	-0.2	-0.3	1.2	1.5	2.0	-1.1	-1.4	-2.1	4.3	3.7	11.3
2022	-2.4	-2.4	0.3	-2.6	-1.3	-5.2	6.7	-2.9	-5.9	3.1	3.3	-4.9	-14.1
2021	0.6	1.7	4.1	0.4	0.8	1.8	0.5	1.7	-1.1	1.6	-0.1	1.8	14.5
2020	-0.3	-5.0	-11.3	6.8	2.4	2.1	-0.3	3.4	-1.0	-1.1	8.0	2.0	4.2
2019	5.4	2.0	1.7	2.3	-3.6	3.1	1.5	-0.7	2.3	0.6	1.9	1.3	18.9
2018	0.5	-1.7	-1.3	2.1	0.7	-0.8	1.5	-0.6	-0.1	-3.3	-0.0	-4.1	-7.0
2017	0.0	2.9	0.7	0.6	-0.2	-0.9	0.1	0.0	1.8	2.3	-1.0	0.7	7.1
2016	-8.2	5.3	2.5	0.7	1.0	-0.7	3.0	0.9	-0.0	-0.3	0.8	2.2	6.7
2015	4.4	3.0	1.8	-0.6	0.2	-3.0	0.1	-4.7	-1.9	5.3	2.1	-3.2	3.0
2014	-0.4	2.1	1.2	0.6	2.8	1.1	0.8	2.7	-0.5	1.3	1.0	0.6	14.1
2013	0.5	1.6	1.0	1.1	-0.4	-3.6	1.4	-0.7	2.5	2.7	-0.0	-0.4	5.8
2012	3.8	2.5	-0.0	-0.1	-2.0	1.4	3.7	0.1	1.6	0.6	0.9	0.9	14.0
2011	-1.3	0.6	-0.5	0.8	0.9	-1.5	-0.5	-4.4	-3.5	4.0	-2.0	2.0	-5.5
2010	-0.9	1.1	4.5	0.9	-1.9	0.0	1.9	0.7	1.4	1.2	-0.5	3.0	11.8
2009	0.2	-3.4	2.4	9.4	4.4	0.3	6.3	3.9	2.9	-1.7	0.9	3.4	32.4
2008												-1.7	-0.8(since launch)

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.

Method and sources

Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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.

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)6.84%

Max drawdown-4.90%

Sharpe1.25

Sortino1.86

Last 3 years

Volatility (ann.)6.67%

Max drawdown-9.96%

Sharpe1.21

Sortino1.72

Last 5 years

Volatility (ann.)7.57%

Max drawdown-16.35%

Sharpe0.36

Sortino0.49

Last 10 years

Volatility (ann.)8.51%

Max drawdown-24.22%

Sharpe0.62

Sortino0.83

Full history

Volatility (ann.)8.65%

Max drawdown-24.22%

Sharpe0.79

Sortino1.10

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	6.84%	6.67%	7.57%	8.51%	8.65%
Max drawdown	-4.90%	-9.96%	-16.35%	-24.22%	-24.22%
Sharpe	1.25	1.21	0.36	0.62	0.79
Sortino	1.86	1.72	0.49	0.83	1.10

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: 2.25%), 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.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

Top-10 weight

83.5%

Top 10 holdings

Xtrackers MSCI AC World Screened UCITS ETF 1C

17.31%

Xtrackers MSCI USA UCITS ETF 1C

12.33%

Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF 1D

9.82%

Xtrackers MSCI World Value UCITS ETF 1C

9.23%

Xtrackers MSCI Emerging Markets UCITS ETF 1C

8.22%

Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D

5.95%

Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 1C

5.81%

Xtrackers USD Corporate Bond UCITS ETF 1C

5.00%

Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF 1C

4.94%

Xtrackers Russell 2000 UCITS ETF 1C

4.88%

⬇ Download the published holdings — Excel, 18 rows

Holdings as published by Xtrackers, holdings as at 2 October 2026: 18 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. Weights are reported without rescaling and may not sum to 100%. How Rebalix verifies portfolio holdings →

StructureIn this sectionMulti-asset Exchanges

Other multi-asset ETFs in our registry

All multi-asset in the search →

Fund	TER	Income	Fund size
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Distributing compare ⇄ VNGD80 · Vanguard · 2 classesactive	—	Dist. · Acc.	1.4 mld EUR
Vanguard LifeStrategy 60% Equity UCITS ETF (EUR) Accumulating compare ⇄ VNGA60 · Vanguard · 2 classesactive	—	Acc. · Dist.	1.1 mld EUR
Vanguard LifeStrategy 40% Equity UCITS ETF (EUR) Accumulating compare ⇄ VNGA40 · Vanguard · 2 classesactive	—	Acc. · Dist.	298 mln EUR
Vanguard LifeStrategy 20% Equity UCITS ETF (EUR) Distributing compare ⇄ VNGD20 · Vanguard · 2 classesactive	—	Dist. · Acc.	117 mln EUR
iShares Growth Portfolio UCITS ETF compare ⇄ MAGR · iShares · 3 classesactive	—	Acc.	110 mln EUR
Xtrackers Portfolio Income UCITS ETF 1d compare ⇄ Xtrackersactive	—	Dist.	58 mln EUR
iShares Moderate Portfolio UCITS ETF compare ⇄ MODR · iShares · 3 classesactive	—	Acc.	48 mln EUR
iShares Conservative Portfolio UCITS ETF compare ⇄ MACV · iShares · 3 classesactive	—	Acc.	16 mln EUR
Strategic Allocation Moderate Active UCITS ETF compare ⇄ JMAM · JPMorganactive	—	Acc.	7 mln EUR
Strategic Allocation Growth Active UCITS ETF compare ⇄ JMAG · JPMorganactive	—	Acc.	6 mln EUR
Xtrackers Diversified Portfolio 80 Equity UCITS ETF 1c compare ⇄ Xtrackersactive	—	Acc.	6 mln EUR
Xtrackers Diversified Portfolio 60 Equity UCITS ETF 1c compare ⇄ Xtrackersactive	—	Acc.	6 mln EUR
Strategic Allocation Conservative Active UCITS ETF compare ⇄ JMAC · JPMorganactive	—	Acc.	6 mln EUR
Xtrackers Diversified Portfolio 40 Equity UCITS ETF 1c compare ⇄ Xtrackersactive	—	Acc.	3 mln EUR
Xtrackers Diversified Portfolio 20 Equity UCITS ETF 1c compare ⇄ Xtrackersactive	—	Acc.	3 mln EUR
State Street® SPDR® Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist)compare ⇄ ZPRI · SPDRnot on Borsa Italiana	—	Dist.	704 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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — it is not a zero.

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:

LU0397221945XQUI

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
XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 15 October 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

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Borsa Italiana (ETFplus)	XQUIfrom tax document	ESMA register (FIRDS)	9 Sept 2015
SIX Swiss Exchange	XQUIfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Xetra (Deutsche Börse)	XQUIfrom tax document	ESMA register (FIRDS)	1 Dec 2008

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

Other exchanges on record · 8 · show

Exchange	Ticker	Exchange source	Registered since
Börse Düsseldorf	not available	ESMA register (FIRDS)	17 Feb 2012
Börse Frankfurt	not available	ESMA register (FIRDS)	23 May 2011
Börse Hamburg	not available	ESMA register (FIRDS)	28 May 2009
Börse Hannover	not available	ESMA register (FIRDS)	9 Dec 2024
Börse München / gettex	not available	ESMA register (FIRDS)	11 Apr 2013
Börse Stuttgart	not available	ESMA register (FIRDS)	1 Dec 2008
Tradegate Exchange	not available	ESMA register (FIRDS)	4 Jan 2010
Wiener Börse	not available	ESMA register (FIRDS)	11 Mar 2022

For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer. For Börse Düsseldorf the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Frankfurt the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Hamburg the ESMA register records the listing on 3 segments of the same operator, shown as a single row. For Börse München / gettex the ESMA register records the listing on 2 segments of the same operator, shown as a single row. For Börse Stuttgart the ESMA register records the listing on 3 segments of the same operator, shown as a single row.

+ 6 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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.

Frequently asked questions

How much does XQUI cost?

The issuer-declared TER is 0.70% per year (period and nature not declared by the source); the transaction costs estimated in the KID are 0.16%.

How is XQUI taxed in Italy?

On sale, the capital gain is taxed at an effective 24.23% rate (white-list share 13.08%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of XQUI?

The fund size declared by Xtrackers is about 767 million euro.

When was XQUI launched?

The fund was launched on 27 November 2008: it has 17 years of history.

Is XQUI actively or passively managed?

It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index.

Does XQUI pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does XQUI trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 3 exchanges with a ticker available, including Borsa Italiana (ETFplus) (XQUI), SIX Swiss Exchange (XQUI), Xetra (Deutsche Börse) (XQUI).

What was XQUI's worst fall?

Over the available history (since 2008), the maximum drawdown was -24.22%, reached in March 2020. Past performance is not indicative of future results.

How many positions does XQUI publish?

The list published by the issuer and archived by Rebalix has 18 rows; the top 10 weigh 83.5%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

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.

Do you represent the issuer? Report a correction or an update