(XSXD) Xtrackers SP500 Swap 1D - Ratings and Ratios

The Xtrackers S&P 500 Swap UCITS ETF (Ticker: XSXD) is a financial instrument designed for investors seeking exposure to US large-cap equities. It is domiciled in Luxembourg, which offers a robust regulatory framework and tax-efficient structure for European investors. The ETF tracks the Morningstar US Large-Mid NR USD Index, providing a broad representation of large-cap companies in the US market.

XSXD employs a swap-based replication strategy, meaning it uses derivatives to gain exposure to the underlying index. This approach can be more cost-efficient for certain investors and allows the ETF to maintain a high level of liquidity. The fund is listed on XETRA, the primary trading venue for ETFs in Germany, and is denominated in euros, making it accessible to European investors who wish to gain exposure to US equities without directly holding USD-denominated assets.

As of the latest data, the ETF has an Assets Under Management (AUM) of 10,944.13 million EUR, indicating a significant scale and investor interest. The funds structure is designed to appeal to both institutional and retail investors, offering a diversified portfolio of US large-cap stocks through a single investment vehicle. The absence of P/E and other valuation metrics is typical for swap-based ETFs, as their performance is closely tied to the underlying index rather than individual stock valuations.

Investors should note that while XSXD provides exposure to the US market, it is important to consider the associated risks, including market volatility, currency fluctuations, and the potential counterparty risks associated with swap agreements. As with any investment, a thorough understanding of the funds structure, fees, and fees is essential before making an investment decision.