Scalable MSCI AC World ETF: distributing share class lists on the London Stock Exchange

The 1D share class, issued by Xtrackers, trades in US dollars and sterling and has a zero TER until the end of 2027.

The product is the Scalable MSCI AC World Xtrackers UCITS ETF 1D (ISIN LU3444998531), traded on the Main Market through two lines: SCDW in US dollars and SCWD in sterling. The fund is issued by Xtrackers, the ETF business of DWS, with Scalable Capital as portfolio construction advisor. It tracks the MSCI ACWI and pays distributions quarterly.

Two trading lines on the LSE Main Market

According to London Stock Exchange data, the share class has an issue date of 30 October 2026. Both lines are traded on the Main Market (MIC: XLON) through the ETFS – Euroclear Bank settlement service.

The LSE reports a net asset value of 10.01 US dollars per share as at 28 October 2026. The total expense ratio shown on the exchange is 0%, and income distribution is listed as “Paid”.

The two lines refer to the same share class. They differ only in trading currency. The fund’s base currency is the US dollar.

A distributing version of the Scalable World ETF

The new share class adds a distributing option to the Scalable World ETF. Scalable Capital launched the fund on 21 October 2026 together with Xtrackers.

The accumulating share class, the Scalable MSCI AC World Xtrackers UCITS ETF 1C (ISIN LU2903252349, ticker SCWX), was launched on 20 December 2024. Scalable Capital reports that it now manages more than 850 million euros in assets.

The 1D class distributes income every quarter. For Scalable Capital clients, the issuer states that distributions are credited directly to the clearing account.

Zero TER until the end of 2027

The issuer has waived the total expense ratio of the distributing share class until the end of 2027. From 2028, the regular TER is set at 0.15% per year, according to the published product details.

Trading costs and bid-ask spreads are not included in the TER.

Hybrid replication of the MSCI ACWI

The ETF tracks the MSCI All Country World Index. The index covers more than 2,400 large and mid-cap stocks across 23 developed and 24 emerging markets.

The fund uses a hybrid replication method. It combines direct holdings of index securities with synthetic swaps. Scalable Capital states that the swap component is used, among other things, to avoid US dividend withholding tax at fund level, with the aim of improving net performance. The same method is used by the accumulating share class.

The fund is domiciled in Luxembourg and is a sub-fund of the Xtrackers SICAV.

Conclusion

The London listing gives UK investors access to the Scalable World ETF in a distributing format, in both US dollars and sterling. The 1D class has the same index, the same hybrid replication and the same issuer as the accumulating class. It differs in its income policy, with quarterly distributions, and in its cost structure, with a zero TER until the end of 2027 followed by 0.15%.