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

ISIN: IE000TB15RC6Issuer: UBSCurrency hedging: EUR-hedged share class
Issuer-declared data
Declared index
MSCI World 100% hedged to EUR Index
TER
0.09%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
909.7 mln EUR
NAV
5.44 EUR
Domicile
Ireland
Inception date
24 April 2024
Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

UBS Core MSCI World UCITS ETF hEUR acc tracks the issuer-declared index: MSCI World 100% hedged to EUR Index. The declared annual cost (TER) is 0.09%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication. The fund has assets of about 910 million euro, was launched on 24 April 2024 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.

The fund’s objective — in the issuer’s words

The Fund is passively managed and seeks to track performance of the MSCI World Index (Net Return) (the 'Index'). The Index is designed to measure the performance of mid and large capitalization companies which are listed on worldwide markets. The Fund will seek to hold all of the shares of the Index, in the same proportions as the Index, so that essentially the portfolio of the Fund will be a near mirror image of the Index. In seeking to implement its investment objective of tracking the performance of the Index, the Fund may also in exceptional circumstances hold securities which are not comprised in its Index, including, for example, securities in respect of which there has been an announcement or it is expected that they will shortly be included in the Index. The Fund may, for the purpose of reducing risk, reducing costs or generating additional capital or income, use derivative instruments. The use of derivative instruments may multiply the gains or losses made by the Fund on given investment or on its investments generally. Currency hedged share classes may also be available in the Fund. The Fund may enter into securities lending transactions. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. The return of the fund depends mainly on the performance of the tracked index. Fund income is not paid out, but instead will be reinvested. The exchange rate risk of the share class currency is to a large extent hedged against the currency of the fund.

Keep reading the KID section ▾

Intended retail investorThis fund applies to retail investors with a basic financial understanding, who can accept a possible loss on the investment amount. The fund is aimed at growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium term investment needs. The fund is suited to be acquired by the target client segments without any restriction of the distribution channel or platform. Depositary State Street Custodial Services (Ireland) Limited Further Information Information about UBS Core MSCI World UCITS ETF and the available share classes, the full prospectus, and the latest annual and semi-annual reports, as well as additional information can be obtained free of charge from the fund management company, the central administrator, the custodian bank, the fund distributors or online at www.ubs.com/etf. Latest price can be found at www.ubs.com/etf

From the KID’s “Objectives” section · 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below 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 English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in Italian, from the issuer’s site — the fund’s monthly snapshot
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) · EUR · from Apr 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+48.1%
Annualised
+18.1%
Volatility (ann.)
12.9%
Max drawdown
-17.18%
-5%+10%+24%+39%+54%Apr 2024Nov 2024Jul 2025Feb 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+48%Apr 2024Sept 2026
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%202420252026−17.18% · 08 Apr 2025
Max drawdown
-17.18%
peak → trough
Trough
08 Apr 2025
from the 18 Feb 2025 peak
Recovery time
80 days
recovery only: trough to break-even · ≈ 3 months
Underwater
129 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 27 Jun 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
18 Feb 202508 Apr 2025-17.18%27 Jun 2025129
16 Jul 202405 Aug 2024-8.84%19 Sept 202465
25 Feb 202630 Mar 2026-8.44%15 Apr 202649
28 Oct 202520 Nov 2025-4.27%10 Dec 202543
02 Jun 202610 Jun 2026-3.82%06 Jul 202634

Calendar-year returns

2024
12.5%
2025
16.7%
2026
12.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.60.9-5.98.64.7-0.20.12.30.512.8
20253.4-1.0-5.0-0.65.83.51.91.93.12.50.10.416.7
20244.02.31.11.71.4-1.04.9-2.012.5
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
0.09%
YearFundIndexDifference
2025+16.71%+16.74%-0.03%
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 yearFull history
Volatility (ann.)11.18%12.95%
Max drawdown-8.44%-17.18%
Sharpe1.521.14
Sortino2.231.62
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: 2.20%), 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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Top-10 weight
26.4%

Top 10 holdings

NVIDIA CORP
5.18%
APPLE INC
5.07%
MICROSOFT CORP
3.66%
AMAZON.COM INC
2.94%
ALPHABET INC CL A
2.32%
BROADCOM INC
1.96%
ALPHABET INC CL C
1.84%
META PLATFORMS INC CLASS A
1.37%
JPMORGAN CHASE + CO
1.05%
MICRON TECHNOLOGY INC
1.04%

Sectors

Informatica
28.9%
Finanza
16.8%
Industriali
11.5%
Salute
9.2%
Beni di consumo
9.0%
Servizi di comunicazione
8.0%
Beni di prima necessita'
5.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.6%AustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 3.4%Switzerland: 2.3%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 2.2%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 2.4%GabonUnited Kingdom: 3.6%GeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapan: 5.7%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.4%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 72%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States72%
Japan5.7%
United Kingdom3.6%
Canada3.4%
France2.4%
Switzerland2.3%
Germany2.2%
Top 10 holdings and breakdowns as declared by UBS in the fund factsheet, data as of 31 July 2026. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
SWRE · SPDR
0.17%Acc.19.2 mld EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

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:

IE00B7KQ7B66(class: USD dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BD4TXV59(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 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.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)WRDE17 Mar 2025
Börse DüsseldorfBCFI29 Apr 2024
Börse FrankfurtBCFI26 Apr 2024
Börse HamburgBCFI12 Nov 2025
Börse HannoverBCFI9 Dec 2024
Börse München / gettexBCFI26 Apr 2024
Börse StuttgartBCFI20 Mar 2025
Tradegate ExchangeBCFI6 May 2024
Xetra (Deutsche Börse)BCFI26 Apr 2024
+ 15 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does UBS Core MSCI World UCITS ETF hEUR acc track?
The issuer UBS declares the benchmark: MSCI World 100% hedged to EUR Index.
How much does UBS Core MSCI World UCITS ETF hEUR acc cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.00%.
How is UBS Core MSCI World UCITS ETF hEUR 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.
What is the fund size of UBS Core MSCI World UCITS ETF hEUR acc?
The fund size declared by UBS is about 910 million euro.
When was UBS Core MSCI World UCITS ETF hEUR acc launched?
The fund was launched on 24 April 2024: it has 2 years of history.
How does UBS Core MSCI World UCITS ETF hEUR acc replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Fisica (Replica completa)”).
Does UBS Core MSCI World UCITS ETF hEUR acc pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Non”).
Where does UBS Core MSCI World UCITS ETF hEUR acc trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (WRDE), Börse Düsseldorf (BCFI), Börse Frankfurt (BCFI), Börse Hamburg (BCFI), Börse Hannover (BCFI), Börse München / gettex (BCFI).
What was UBS Core MSCI World UCITS ETF hEUR acc's worst fall?
Over the available history (since 2024), the maximum drawdown was -17.18%, 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.