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Xtrackers MSCI Pakistan Swap UCITS ETF 1C
Xtrackers MSCI Pakistan Swap UCITS ETF 1C is an exchange-traded fund (ETF) from Xtrackers, traded under the ticker XBAK (ISIN LU0659579147). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It passively tracks the MSCI Pakistan Investable Market Total Return Net index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include AMAZON COM INC, MERITAGE CORP and IDEXX LABORATORIES INC. With about 56 holdings (the ten largest ≈ 43.6%), your money is diversified rather than concentrated in a handful of names. By geography it is weighted towards ~75% United States, ~7.1% Cayman Islands and ~5.4% United Kingdom. By industry it concentrates most in ~23.2% Health Care and ~16.7% Technology. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It holds the underlying investments directly (physical replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 6 out of 7 and its price has swung about 31.4% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2011. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Xtrackers.)
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About this fund
What you own
The MSCI Pakistan Investable Market Total Return Net index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 56 companies across Other in a single purchase.
Dividends
The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.
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Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.
How it works
The fund actually buys every share in the index it tracks (full replication).
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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.
Cost
The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.
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It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.
Fund facts
Performance
Growth of $100 invested — the line starts at $100.
End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.
Return, year by year
How bumpy has it been?
The bigger picture
What's inside
By sector ?
The 10 biggest holdings make up 43.6% of the fund — the rest is spread across roughly 46 more companies.
Top 10 holdings
| # | Company | Weight |
|---|---|---|
| 1 | AMAZON COM INC | 6.1% |
| 2 | MERITAGE CORP | 6.1% |
| 3 | IDEXX LABORATORIES INC | 4.8% |
| 4 | ALLEGIANT TRAVEL | 4.8% |
| 5 | EDWARDS LIFESCIENCES CORP | 4.5% |
| 6 | CREDO TECHNOLOGY GROUP HOLDING LTD | 4.3% |
| 7 | EQUINIX INC | 3.7% |
| 8 | WD-40 | 3.5% |
| 9 | VZ HOLDING AG | 3.0% |
| 10 | TECHNIPFMC PLC | 2.9% |
Where to buy this fund
Set from your language & location — change it if it's wrong.
Where it trades
| Exchange | Ticker | Currency | |
|---|---|---|---|
| LSE | XBAK | USD | ★ Primary |
| EUR listings | |||
| Frankfurt | XBAK | EUR | |
| USD listings | |||
| B2 | XBAK | USD | |
| B2 | XBAKUSD | USD | |
| B3 | XBAKD | USD | |
| B3 | XBAKL | USD | |
| B4 | XBAK | USD | |
| B4 | XBAKUSD | USD | |
| E1 | XBAK | USD | |
| E1 | XBAKGBX | USD | |
| EB | XBAKD | USD | |
| EB | XBAKL | USD | |
| EO | XBAK | USD | |
| EP | XBAK | USD | |
| EU | XBAKGBX | USD | |
| EU | XBAKUSD | USD | |
| EZ | XBAK | USD | |
| GD | XBAK | USD | |
| GF | XBAK | USD | |
| GM | XBAK | USD | |
| GS | XBAK | USD | |
| GT | XBAK | USD | |
| GZ | XBAK | USD | |
| I2 | XBAKD | USD | |
| IX | XBAKD | USD | |
| IX | XBAKL | USD | |
| L1 | XBAKL | USD | |
| L1 | XBAKD | USD | |
| L3 | XBAKD | USD | |
| L3 | XBAKL | USD | |
| LA | XBAK | USD | |
| LU | XBAK | USD | |
| LX | XBAK | USD | |
| PO | XBAKD | USD | |
| PO | XBAKL | USD | |
| QE | XBAKD | USD | |
| QT | XBAK | USD | |
| QX | XBAKD | USD | |
| S1 | XBAKL | USD | |
| S1 | XBAKD | USD | |
| S4 | XBAKD | USD | |
| T2 | XBAKEUR | USD | |
| T2 | XBAKUSD | USD | |
| TH | XBAK | USD | |
| WT | XBAKEUR | USD | |
| WT | XBAKUSD | USD | |
| X2 | XBAKGBX | USD | |
| X9 | XBAKUSD | USD | |
| X9 | XBAK | USD | |
| XA | XBAK | USD | |
| XA | XBAKGBX | USD | |
| XB | XBAKGBX | USD | |
| XE | XBAK | USD | |
| XE | XBAKGBX | USD | |
| XF | XBAK | USD | |
| XF | XBAKGBX | USD | |
| XG | XBAKGBX | USD | |
| XG | XBAK | USD | |
| XH | XBAK | USD | |
| XH | XBAKGBX | USD | |
| XJ | XBAK | USD | |
| XJ | XBAKGBX | USD | |
| XL | XBAKGBX | USD | |
| XL | XBAK | USD | |
| XO | XBAK | USD | |
| XO | XBAKGBX | USD | |
| XS | XBAKGBX | USD | |
| XS | XBAK | USD | |
| XU | XBAK | USD | |
| XU | XBAKGBX | USD | |
| XV | XBAK | USD | |
| XV | XBAKGBX | USD | |
| XW | XBAK | USD | |
| XW | XBAKGBX | USD | |
| XX | XBAK | USD | |
| XX | XBAKGBX | USD | |
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows
Full holdings
As of 2026-07-17 · the fund's own published holdings.
| # | Company | Weight |
|---|---|---|
| 1 | AMAZON COM INC | 6.1% |
| 2 | MERITAGE CORP | 6.1% |
| 3 | IDEXX LABORATORIES INC | 4.8% |
| 4 | ALLEGIANT TRAVEL | 4.8% |
| 5 | EDWARDS LIFESCIENCES CORP | 4.5% |
| 6 | CREDO TECHNOLOGY GROUP HOLDING LTD | 4.3% |
| 7 | EQUINIX INC | 3.7% |
| 8 | WD-40 | 3.5% |
| 9 | VZ HOLDING AG | 3.0% |
| 10 | TECHNIPFMC PLC | 2.9% |
| 11 | IREN LTD | 2.8% |
| 12 | KRYSTAL BIOTECH INC | 2.7% |
| 13 | NOBLE CORPORATION PLC | 2.5% |
| 14 | IMMUNITYBIO INC | 2.4% |
| 15 | CYTOKINETICS INC | 2.3% |
| 16 | ARGENX SE ADR | 2.3% |
| 17 | URANIUM ENERGY CORP | 2.2% |
| 18 | INFOSYS ADR REPRESENTING ONE LTD | 2.2% |
| 19 | NCR ATLEOS CORP | 2.2% |
| 20 | CORE SCIENTIFIC INC | 2.2% |
| 21 | SPHERE ENTERTAINMENT CLASS A | 2.1% |
| 22 | PUBLIC STORAGE REIT | 2.1% |
| 23 | GLOBALFOUNDRIES INC | 1.9% |
| 24 | GREENBRIER INC | 1.9% |
| 25 | VISTANCE NETWORKS INC | 1.7% |
| 26 | Thurgauer Kantonalbank | 1.6% |
| 27 | Wereldhave Belgium NV | 1.6% |
| 28 | PDD HOLDINGS ADS INC | 1.5% |
| 29 | LEGALZOOM COM INC | 1.5% |
| 30 | NIOCORP DEVELOPMENTS LTD | 1.4% |
| 31 | ARROWHEAD PHARMACEUTICALS INC | 1.3% |
| 32 | ERASCA INC | 1.2% |
| 33 | PINNACLE FINANCIAL PARTNERS INC | 1.2% |
| 34 | FLUTTER ENTERTAINMENT PLC | 1.1% |
| 35 | MID AMERICA APARTMENT COMMUNITIES | 1.0% |
| 36 | SEA ADS REPRESENTING LTD CLASS A | 1.0% |
| 37 | RYERSON HOLDING CORP | 0.9% |
| 38 | LOCKHEED MARTIN CORP | 0.9% |
| 39 | FABRINET | 0.8% |
| 40 | FULGENT GENETICS INC | 0.7% |
| 41 | TEMPUS AI INC CLASS A | 0.7% |
| 42 | CHART INDUSTRIES INC | 0.7% |
| 43 | ARCH CAPITAL GROUP LTD | 0.7% |
| 44 | PARSONS CORP | 0.5% |
| 45 | NMI HOLDINGS INC | 0.5% |
| 46 | LEMONADE INC | 0.4% |
| 47 | HDFC Bank Ltd | 0.4% |
| 48 | HELEN OF TROY LTD | 0.3% |
| 49 | ACCENTURE PLC CLASS A | 0.3% |
| 50 | BIONTECH SE ADR | 0.2% |
| 51 | CONSENSUS CLOUD SOLUTIONS INC | 0.2% |
| 52 | UPWORK INC | 0.2% |
| 53 | MARA HOLDINGS INC | 0.2% |
| 54 | MONGODB INC CLASS A | 0.1% |
| 55 | GRUPO FINANCIERO GALICIA ADR REPTG | 0.0% |
| 56 | PBF ENERGY INC CLASS A | 0.0% |
How it ranks vs peers
Versus the Equity (stocks) · Other · EUR ETFs we track.
Advanced risk
Concentration depth
Roughly 56 companies are held, but the largest names carry most of the weight — so it behaves like ~33 equal-sized positions.
Tilt vs a world tracker
Percentage points over / under a broad world-equity tracker (not a licensed benchmark).
Documents
Similar funds
We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.
| Xtrackers MSCI Pakistan Swap UCITS ETF 1CXtrackersYou're viewing | State Street® Technology Select Sector SPDR® ETFSPDRBroader match | Schwab International Equity ETFSchwabBroader match | Invesco S&P 500 UCITS ETF AccInvescoBroader match | State Street® Financial Select Sector SPDR® ETFSPDRBroader match | State Street® SPDR® S&P® 500 MXN Hdg UCITS ETF (Acc)SPDRBroader match | State Street® SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist)SPDRBroader match | |
|---|---|---|---|---|---|---|---|
| Why it's similar | This is the fund on this page. | StocksPhysical Tracks a different index in the same category. | StocksPhysical Tracks a different index in the same category. | StocksAccumulating Tracks a different index in the same category. | StocksPhysical Tracks a different index in the same category. | StocksAccumulatingPhysical Tracks a different index in the same category. | StocksPhysical Tracks a different index in the same category. |
| Index tracked | MSCI Pakistan Investable Market Total Return Net index | Technology Select Sector Index | FTSE Developed ex US Index | S&P 500® Total Return (Net) Index | Financial Select Sector Index | ® ® S&p® 500 Mxn Hdg | ® ® S&p® 500 Hdg |
| Yearly fee (TER) | 0.00% | 0.08% | 0.03% | 0.05% | 0.08% | 0.05% | 0.05% |
| All-in cost | 0.85% | 0.00% | 0.00% | 0.12% | 0.00% | 0.06% | 0.06% |
| Fund size | €0 | €100.3B | €57.4B | €50.3B | €49.3B | €36.7B | €36.7B |
| Domicile | LU | United States | United States | Ireland | United States | Ireland | Ireland |
| Replication | Physical (full) | Physical (full) | Physical (full) | Synthetic (swap) | Physical (full) | Physical (full) | Physical (full) |
| 3-yr return p.a. | +42.2% | +26.5% | +13.9% | -73.9% | +16.8% | ||
| 5-yr return p.a. | +18.6% | +6.7% | +9.0% | ||||
| # holdings | 56 | 77 | 1,494 | 572 | 80 | 505 | 505 |
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