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UBS Factor MSCI USA Quality Screened UCITS ETF hCHF accIndex, costs, backtest, listings and taxation

ISIN: IE000S9T0WR9Issuer: UBSCurrency hedging: CHF-hedged share class
Issuer-declared data
Declared index
MSCI USA Quality Advanced Target Select 100% Hedged to CHF Index (Net Total Return)
TER
0.28%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
NAV
31.28 CHF
Domicile
Ireland
Inception date
25 April 2023
Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →
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Description

UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc tracks the issuer-declared index: MSCI USA Quality Advanced Target Select 100% Hedged to CHF Index (Net Total Return). The declared annual cost (TER) is 0.28%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 25 April 2023 and is domiciled in Ireland.

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

Il Fondo è gestito in modo passivo e acquisirà un'esposizione proporzionale nelle componenti del MSCI USA Quality Advanced Target Select 100% Hedged to CHF Index (Net Total Return) tramite investimenti diretti in tutti o praticamente tutti i titoli e/o mediante l'impiego di strumenti derivati, in particolare nei casi in cui non è possibile o praticabile replicare l'indice attraverso investimenti diretti oppure allo scopo di generare efficienze nell'acquisizione di esposizione all'indice. In alcuni casi il comparto potrebbe anche detenere titoli non compresi nell'indice se il gestore del portafoglio lo ritenesse appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del comparto o di altri fattori. Il comparto investe almeno il 90% del suo patrimonio netto totale in titoli rappresentati nell'indice e il fornitore dell'indice applica i rating ESG a tutti i titoli costitutivi dell'indice. Almeno il 90% dei titoli nel comparto, fatta eccezione per la liquidità, i fondi del mercato monetario e gli strumenti derivati, presenta un rating ESG. L'indicatore dell'intensità media ponderata delle emissioni di carbonio (Scope 1+2) del comparto sarà di almeno il 20% inferiore allo stesso indicatore dell'indice di riferimento. L'esposizione all'indice tramite la replica diretta può essere penalizzata dai costi di ribilanciamento, mentre l'esposizione all'indice tramite derivati può risentire dei costi di negoziazione degli strumenti derivati. L'uso di derivati OTC comporta inoltre rischio di controparte, che tuttavia è mitigato dalla politica di UBS (Irl) ETF plc in materia di garanzie. Il comparto investirà il patrimonio netto prevalentemente in azioni, valori mobiliari, strumenti del mercato monetario, quote di organismi d'investimento collettivo, depositi presso istituti di credito, titoli strutturati quotati o negoziati su un mercato regolamentato e altre attività idonee ai sensi del prospetto. Questo comparto promuove caratteristiche ambientali e/o sociali, ma non ha come obiettivo investimenti sostenibili. Il comparto non concluderà operazioni di prestito titoli. 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.

Keep reading the KID section ▾

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 · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.28%: above the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

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.

Fund performance

issuer-declared net asset value (NAV) · CHF · from Apr 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+71.0%
Annualised
+17.2%
Volatility (ann.)
16.2%
Max drawdown
-22.05%
-3%+18%+39%+60%+81%Apr 2023Feb 2024Dec 2024Oct 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+71%Apr 2023Sept 2026
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. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. 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.
0%-5%-10%-15%-20%-25%-30%2023202420252026−22.05% · 08 Apr 2025
Max drawdown
-22.05%
peak → trough
Trough
08 Apr 2025
from the 04 Dec 2024 peak
Recovery time
127 days
recovery only: trough to break-even · ≈ 4 months
Underwater
252 days
decline + recovery: peak to break-even · ≈ 8 months · → recovered on 13 Aug 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
04 Dec 202408 Apr 2025-22.05%13 Aug 2025252
28 Jan 202630 Mar 2026-12.40%01 May 202693
31 Jul 202327 Oct 2023-11.19%11 Dec 2023133
16 Jul 202405 Aug 2024-10.46%14 Oct 202490
21 Mar 202419 Apr 2024-8.30%24 May 202464

Calendar-year returns

2023
19.4%
2024
15.5%
2025
12.5%
2026
10.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.0-1.2-7.010.25.41.8-0.62.8-1.710.2
20251.3-1.6-6.90.05.93.52.00.83.93.3-0.30.512.5
20242.16.01.8-5.35.64.1-0.21.90.9-2.34.6-3.915.5
20232.85.63.4-1.0-6.5-2.29.34.519.4
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.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 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.
Declared TER
0.28%
YearFundIndexDifference
2025+12.46%+12.58%-0.12%
2024+15.54%+15.65%-0.11%
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? →

Risk indicators· EUR

Last yearLast 3 yearsFull history
Volatility (ann.)15.15%16.98%16.63%
Max drawdown-12.39%-22.42%-22.42%
Sharpe0.960.760.92
Sortino1.401.131.39
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: 2.21%), 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.

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 →

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:

IE00BX7RRJ27(class: USD dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BXDZNK39(class: hGBP dis)
  • 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 3 September 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.

Frequently asked questions

Which index does UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc track?
The issuer UBS declares the benchmark: MSCI USA Quality Advanced Target Select 100% Hedged to CHF Index (Net Total Return).
How much does UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc cost?
The issuer-declared TER is 0.28% per year; the transaction costs estimated in the KID are 0.00%.
How is UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc 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 UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc launched?
The fund was launched on 25 April 2023: it has 3 years of history.
How does UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).
Does UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc pay dividends?
Issuer-declared income policy: “No”.
What was UBS Factor MSCI USA Quality Screened UCITS ETF hCHF acc's worst fall?
Over the available history (since 2023), the maximum drawdown was -22.05%, reached in April 2025. Past performance is not indicative of future results.
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.