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Xtrackers Us Treasuries 10 UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: LU2662649412Ticker: XUTL (Xetra) · XUTL (London SE)Issuer: Xtrackers
Issuer-declared data
TER
0.06%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
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
4.7 mln EUR
Domicile
Luxembourg
Inception date
6 December 2023
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Xtrackers Us Treasuries 10 UCITS ETF 1d tracks the issuer-declared index: US Long Treasury Index (USD). The declared annual cost (TER) is 0.06%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is distributed to investors. The fund has assets of about 5 million euro, was launched on 6 December 2023 and is domiciled in Luxembourg.

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

The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the Bloomberg US Long Treasury Index (index).

DESCRIPTION OF INDEX:The index reflects the performance of sovereign debt denominated in U.S. Dollars with an outstanding maturity of 10 years or greater, issued by the U.S. Government. Only U.S. dollardenominated, fixed-rate, nominal debt issued by the US Treasury with a maturity of 10 years or greater is eligible for inclusion in the index.

Keep reading the KID section ▾

In order to be eligible for inclusion in the index, such securities require a minimum amount outstanding of USD 300 million par and must be rated investment grade (Baa3/BBB-/BBBor higher) using the middle rating of Moody’s, S&P and Fitch. Those security issues meeting the criteria described above are included in the index on the last business day of each month (the rebalancing date) with weights based on market value.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a daily basis using Bloomberg Finance L.P.’s evaluated pricing service, Bloomberg’s Evaluated Pricing Product (BVAL). Securities are typically priced at 4.00 p.m. Eastern time. Securities in the index are priced on the bid side. All securities included in the index are quoted as a percentage of their par value. The index is calculated on a total return basis which means that the payments from coupons are reinvested in the index. The index is administered by Bloomberg Index Services Limited and reviewed and rebalanced monthly.

INVESTMENT POLICY:To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities. 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 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, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is USD. The fund distributes up to four times per annum. 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 0.06%: below the median of bond ETFs we track (0.15%).
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) · USD · from Dec 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-0.5%
Annualised
-0.2%
Volatility (ann.)
11.3%
Max drawdown
-13.38%
-9%-4%+2%+7%+13%Dec 2023Aug 2024Apr 2025Dec 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)0%Dec 2023Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
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%202420252026−13.38% · 14 Jan 2025
Max drawdown
-13.38%
peak → trough
Trough
14 Jan 2025
from the 16 Sept 2024 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
722 days
decline + recovery: peak to break-even · ≈ 1 year and 12 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
16 Sept 202414 Jan 2025-13.38%ongoing722
27 Dec 202325 Apr 2024-10.65%02 Aug 2024219
05 Aug 202408 Aug 2024-3.27%04 Sept 202430
06 Dec 202311 Dec 2023-1.49%13 Dec 20237
20 Dec 202322 Dec 2023-1.00%27 Dec 20237

Calendar-year returns

2023
3.9%
2024
-6.5%
2025
5.5%
2026
-3.0%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.54.2-4.0-0.70.51.0-4.00.8-0.1-3.0
20250.45.2-0.9-1.1-2.92.5-0.90.33.11.30.4-1.75.5
2024-2.2-2.31.2-6.12.91.63.62.02.0-5.21.8-5.3-6.5
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.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.06%
YearFundIndexDifference
2025+5.54%+5.59%-0.05%
2024-6.45%-6.41%-0.04%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)10.20%12.57%
Max drawdown-10.88%-21.33%
Sharpe-0.80-0.68
Sortino-1.05-0.91
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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: 2.21%), 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
13.60years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
10–15 years
11.99%
15–25 years
53.46%
25+ years
34.55%

Source: product page Xtrackers, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings

Securities in portfolio
103
Top-10 weight
20.8%

Top 10 holdings

TREASURY BOND
2.20%
US DOLLAR
2.16%
TREASURY BOND
2.10%
TREASURY BOND
2.10%
TREASURY BOND
2.10%
TREASURY BOND
2.06%
TREASURY BOND
2.04%
TREASURY BOND
2.02%
TREASURY BOND
2.01%
TREASURY BOND
2.00%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 100%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100%
⬇ Download the full portfolio — Excel, 103 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
0.6234 USD
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
1.24 USD
Dividend yield
4.25%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.24 USD3.94 %
20251.19 USD3.86 %
20240.58 USD1.73 %

Dividend contribution to total return

-10%0%10%−3.29 %1 year+5.40 %2025−6.30 %2024
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.620.62
20250.600.59
20240.58

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.6234 USD19 Aug 202620 Aug 20263 Sept 2026
0.6162 USD18 Feb 202619 Feb 20265 Mar 2026
0.5945 USD20 Aug 202521 Aug 20254 Sept 2025
0.5962 USD19 Feb 202520 Feb 20256 Mar 2025
0.5815 USD21 Aug 202422 Aug 20245 Sept 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (21 Aug 2024). Past dividends are not indicative of future ones.

Index tracked

US Long Treasury Index (USD)
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.64%
White-list share
98.93%
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:

LU2662649412XUTL
  • 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 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
Börse DüsseldorfXUTL13 Dec 2023
Börse FrankfurtXUTL12 Dec 2023
Börse HamburgXUTL27 Dec 2023
Börse HannoverXUTL9 Dec 2024
Börse München / gettexXUTL12 Dec 2023
Börse StuttgartXUTL18 Dec 2023
Tradegate ExchangeXUTL29 Dec 2023
Xetra (Deutsche Börse)XUTL12 Dec 2023
+ 10 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

Which index does Xtrackers Us Treasuries 10 UCITS ETF 1d track?
The issuer Xtrackers declares the benchmark: US Long Treasury Index (USD).
How much does XUTL cost?
The issuer-declared TER is 0.06% per year; the transaction costs estimated in the KID are 0.00%.
How is XUTL taxed in Italy?
On sale, the capital gain is taxed at an effective 12.64% rate (white-list share 98.93%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XUTL?
The fund size declared by Xtrackers is about 5 million euro.
When was XUTL launched?
The fund was launched on 6 December 2023: it has 2 years of history.
How does XUTL replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does XUTL pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XUTL trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XUTL), Börse Frankfurt (XUTL), Börse Hamburg (XUTL), Börse Hannover (XUTL), Börse München / gettex (XUTL), Börse Stuttgart (XUTL).
What was XUTL's worst fall?
Over the available history (since 2023), the maximum drawdown was -16.21%, reached in August 2026. Past performance is not indicative of future results.
How many securities does XUTL hold?
The declared portfolio holds 103 securities; the top 10 positions weigh 20.8%.
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.