ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

UBS Core MSCI World UCITS ETF hCHF accIndex, costs, backtest, listings and taxation

ISIN: IE000N6LBS91Ticker: WORLD (SIX)Issuer: UBSCurrency hedging: CHF-hedged share class

Equity tracking the MSCI World 100% hedged to CHF Index, physical replication, accumulating. Share class in Swiss francs (CHF), currency-hedged.

0.09% + 0.00%

Flat fee + KID transaction costs ✓ declared by the issuer

1,177

rows published by the issuer · holdings ↓ ✓ declared by the issuer

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

UBS Core MSCI World UCITS ETF hCHF acc

Declared index

MSCI World 100% hedged to CHF Index

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Domicile

Ireland

Share class · this page

ISIN

IE000N6LBS91

Ticker

WORLD (SIX)

Share-class currency

Swiss francs (CHF) · currency-hedged

Flat fee

0.09% (not the TER)

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

NAV

3.84 CHF

Share-class launch

12 March 2024

Data as declared by UBS in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

1,177 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 28.1%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

UBS Core MSCI World UCITS ETF hCHF acc tracks the issuer-declared index: MSCI World 100% hedged to CHF Index. The issuer-declared “Flat fee” (not the TER) is 0.09%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund was launched on 12 March 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words(the issuer publishes the KID in Italian)

Il Fondo è a gestione passiva e mira a replicare la performance dell'indice MSCI World Index hedged to CHF (Net Return) (l'«Indice»).
Keep reading the KID section ▾
L'Indice è concepito per misurare l'andamento delle società a media e alta capitalizzazione quotate sui mercati di tutto il mondo.
Il Fondo cercherà di detenere tutte le azioni dell'Indice nella medesima percentuale, in modo tale che il portafoglio del Fondo sarà sostanzialmente un'immagine quasi speculare dell'Indice. Nel cercare di realizzare il suo obiettivo d'investimento di replicare l'andamento dell'Indice, in circostanze eccezionali il Fondo può anche detenere titoli che non sono inclusi nell'Indice, tra cui, ad esempio, titoli per i quali è stato annunciato o è previsto che verranno presto inclusi nell'Indice. Per ridurre il rischio o i costi o per generare capitale o reddito aggiuntivo, il Fondo può utilizzare strumenti derivati. L'uso di strumenti derivati può moltiplicare i guadagni o le perdite del Fondo relativi a un determinato investimento o ai suoi investimenti in generale. Nel Fondo possono essere disponibili anche classi di quote con copertura valutaria. Il Fondo può effettuare operazioni di prestito titoli. I rischi di sostenibilità non sono sistematicamente integrati in quanto non sono considerati parte del processo di selezione dell'Indice. Il rendimento del fondo dipende principalmente dalla performance dell'indice replicato. I proventi del Fondo non vengono versati, bensì reinvestiti. Il rischio di cambio della valuta della classe di azioni è in larga misura coperto dalla valuta del fondo.
Investitore al dettagliocui si intende commercializzare il prodotto Questo fondo è destinato a investitori retail con conoscenze di base in materia finanziaria, che sono in grado di sostenere una possibile perdita sull'importo investito. Il fondo mira a far crescere il valore dell'investimento, fornendo al contempo accesso giornaliero al capitale in condizioni di mercato normali. Mediante questo fondo, gli investitori possono soddisfare le loro necessità di investimento a medio termine. Questo fondo è indicato per essere acquistato dai segmenti di clientela target senza restrizioni a livello di canale o di piattaforma di distribuzione.

From the KID’s “Objectives” section · KID acquired on 2 September 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
12 March 2024
declared by the issuer
Basket snapshots
1 monthly
since September 2026
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

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 →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · CHF (loading exchange rates) · from Mar 2024 to Oct 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+35.5%

Annualised

+12.4%

Volatility (ann.)

12.6%

Max drawdown

-17.19%

12 Mar 2024 → 16 Oct 20262 years and 7 months · +35.5%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

Note — currency risk: the fund is denominated (or hedged) in CHF and the chart is in CHF. For a euro investor, returns also depend on the EUR/CHF exchange rate, up or down.

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. Details in the methodology.

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.

Max drawdown

-17.19%

peak → trough

Trough

08 Apr 2025

from the 18 Feb 2025 peak

Recovery time

83 days

recovery only: trough to break-even · ≈ 3 months

Underwater

132 days

decline + recovery: peak to break-even · ≈ 4 months · → recovered on 30 Jun 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
18 Feb 2025	08 Apr 2025	-17.19%	30 Jun 2025	132
16 Jul 2024	05 Aug 2024	-8.91%	26 Sept 2024	72
25 Feb 2026	30 Mar 2026	-8.71%	17 Apr 2026	51
28 Mar 2024	19 Apr 2024	-4.99%	14 May 2024	47
28 Oct 2025	20 Nov 2025	-4.42%	11 Dec 2025	44

Calendar-year returns

2024

8.7%

since launch, 12 Mar

2025

14.2%

2026

9.2%

2024: the share class was launched on 12 March 2024; the return runs from launch to 31 December 2024 and is not a full year.

Month-by-month returns

2026Year 9.2%

Jan

1.4

Feb

0.7

Mar

-6.1

Apr

8.4

May

4.5

Jun

-0.3

Jul

-0.1

Aug

2.1

Sept

-1.1

Oct

-0.0

Nov

Dec

2025Year 14.2%

Jan

3.1

Feb

-1.2

Mar

-5.2

Apr

-0.7

May

5.6

Jun

3.4

Jul

1.7

Aug

1.7

Sept

2.9

Oct

2.2

Nov

-0.0

Dec

0.2

2024Year 8.7%(since launch)

Jan

Feb

Mar

Apr

-3.5

May

3.8

Jun

2.0

Jul

0.9

Aug

1.4

Sept

1.2

Oct

-1.2

Nov

4.7

Dec

-2.3

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.4	0.7	-6.1	8.4	4.5	-0.3	-0.1	2.1	-1.1	-0.0			9.2
2025	3.1	-1.2	-5.2	-0.7	5.6	3.4	1.7	1.7	2.9	2.2	-0.0	0.2	14.2
2024				-3.5	3.8	2.0	0.9	1.4	1.2	-1.2	4.7	-2.3	8.7(since launch)

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.

Method and sources

Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available September 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.

Year	Fund	Index	Difference (pt)
2025	+14.18%	+14.00%	+0.17 pt

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? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)11.85%

Max drawdown-9.28%

Sharpe0.87

Sortino1.29

Full history

Volatility (ann.)12.89%

Max drawdown-16.83%

Sharpe0.86

Sortino1.26

	Last year	Full history
Volatility (ann.)	11.85%	12.89%
Max drawdown	-9.28%	-16.83%
Sharpe	0.87	0.86
Sortino	1.29	1.26

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: 2.25%), 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.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

1,177

Top-10 weight

28.1%

Top 10 holdings

NVIDIA CORP

5.85%

APPLE INC

5.45%

MICROSOFT CORP

4.03%

AMAZON.COM INC

2.69%

ALPHABET INC-CL A

2.25%

ALPHABET INC-CL C

1.78%

META PLATFORMS INC-CLASS A

1.77%

BROADCOM INC

1.77%

MICRON TECHNOLOGY INC

1.34%

TESLA INC

1.13%

⬇ Download the published holdings — Excel, 1,177 rows

Positions as declared by UBS’s source, holdings as at 30 September 2026. The source warns that the positions shown may differ from the ETF’s actual positions. Values are not rescaled. Total weight of the positions shown by the source: 98.8%. How Rebalix verifies portfolio holdings →

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:

IE00B7KQ7B66UBU7(class: USD dis)

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE00BD4TXV59WRDA(class: USD acc)

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 15 October 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.

StructureIn this sectionExchanges

Stock exchange listings

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Börse Hamburg	BCF5from mapping	ESMA register (FIRDS)	10 Sept 2026
Börse Hannover	BCF5from mapping	ESMA register (FIRDS)	13 Nov 2025
SIX Swiss Exchange	WORLDfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	BCF5from mapping	ESMA register (FIRDS)	16 Sept 2025

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

+ 3 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in Italian, from the issuer’s site — always the latest filed version

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.

Frequently asked questions

Which index does UBS Core MSCI World UCITS ETF hCHF acc track?

The issuer UBS declares the benchmark: MSCI World 100% hedged to CHF Index.

How much does WORLD cost?

The issuer-declared Flat fee is 0.09% per year (not the TER); the transaction costs estimated in the KID are 0.00%.

How is WORLD taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

When was WORLD launched?

The fund was launched on 12 March 2024: it has 2 years of history.

How does WORLD replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).

Does WORLD pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does WORLD trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 4 exchanges with a ticker available, including Börse Hamburg (BCF5), Börse Hannover (BCF5), SIX Swiss Exchange (WORLD), Tradegate Exchange (BCF5).

What was WORLD's worst fall?

Over the available history (since 2024), the maximum drawdown was -17.19%, reached in April 2025. Past performance is not indicative of future results.

How many positions does WORLD publish?

The list published by the issuer and archived by Rebalix has 1,177 rows; the top 10 weigh 28.1%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

Transparency note

The data in this sheet is declared by UBS 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.

Do you represent the issuer? Report a correction or an update