Xtrackers Global Aggregate Sukuk UCITS ETF

Issuer: Xtrackers

Asset Class: Fixed Income

TER: 35bps

Trading Currency: USD

Pays Income: False

Listing Date: 04 Nov 2025

Ticker: XASB

ISIN: LU3123443510

This fund offers investors a unique opportunity to access the global Sukuk market, which consists of Sharia-compliant fixed-income instruments. It aims to track the performance of a benchmark composed of investment-grade, sovereign, quasi-sovereign, and corporate Sukuk issued globally. By investing in this product, individuals can gain exposure to asset-backed securities that adhere to Islamic finance principles, which notably prohibit the charging or payment of interest (riba). This makes it an appealing option for those seeking to align their investment portfolios with ethical or religious values, while also tapping into a growing segment of the global debt market.

The portfolio is diversified across various countries, including key markets in the Middle East and Southeast Asia, such as Saudi Arabia, the United Arab Emirates, Indonesia, and Malaysia. This geographic diversification helps to mitigate country-specific risks and provides exposure to different economic growth stories. The underlying assets of Sukuk are tangible, such as real estate or infrastructure projects, which can offer a degree of security compared to unsecured conventional bonds. For investors looking for alternatives within their fixed-income allocation, this instrument can serve as a valuable diversifier, potentially offering a different risk-return profile from traditional government and corporate bonds due to its unique structure and issuer base.

The fund is suitable for a range of investors, including those specifically seeking Sharia-compliant investments, as well as broader investors looking to diversify their fixed-income holdings with non-traditional assets. The semi-annual distribution policy also makes it a consideration for those seeking regular income streams. As a passively managed vehicle, it provides this specialized market exposure in a cost-effective and transparent manner, making it an accessible tool for building a globally diversified, ethically-conscious portfolio.