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ETF sheet · Issuer-declared data

UBS MSCI AC Asia ex Japan SF UCITS ETF USD accIndex, costs, backtest, listings and taxation

ISIN: IE00B7WK2W23Issuer: UBS

Issuer-declared data

Declared index

MSCI AC Asia ex Japan Total Return Net

TER

0.23%

Transaction costs

0.00% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

Income policy

Accumulating

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Fund assets

821.9 mln EUR

NAV

286.89 USD

Domicile

Ireland

Inception date

20 August 2012

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 MSCI AC Asia ex Japan SF UCITS ETF USD acc tracks the issuer-declared index: MSCI AC Asia ex Japan Total Return Net. The declared annual cost (TER) is 0.23%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (fully funded + total return swap). The fund has assets of about 822 million euro, was launched on 20 August 2012 and is domiciled in Ireland.

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

The objective of the Fund is capital appreciation. The Fund tracks the daily performance of an equity index, called the MSCI AC ASIA EX JAPAN Net Total Return Index} (the 'Index' ), less fees and costs and consequently is passively managed. The Fund invests in financial derivative instruments ( 'FDIs' ) with UBS AG, London Branch ( 'UBS' ) as counterparty. The Fund may also invest in securities (e.g. company shares and bonds issued by companies and governments). Under the terms of the FDIs, the performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS – consequently, the Fund's performance reflects the performance of the Index and is not impacted by the performance of the securities. The Index is a benchmark for the performance of shares of Asian companies (not including Japanese companies). It is well diversified and its components include large and mid capitalised companies in developed and emerging market countries in Asia (not including Japan). More information on the Index is available at www.msci.com. As a result of fees and costs, the performance of the Fund on any day will always be less than the performance of the Index on that day. 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. The share class does not pay dividends.
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 MSCI AC Asia ex Japan SF 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

Average tracking difference over the last 3 years: -0.16% p.a., against a declared TER of 0.23%.

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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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) · USD · from Aug 2012 to Sept 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

+191.7%

Annualised

+7.9%

Volatility (ann.)

16.8%

Max drawdown

-43.70%

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

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

-43.70%

peak → trough

Trough

24 Oct 2022

from the 17 Feb 2021 peak

Recovery time

1,058 days

recovery only: trough to break-even · ≈ 2 years and 11 months

Underwater

1,672 days

decline + recovery: peak to break-even · ≈ 4 years and 7 months · → recovered on 16 Sept 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
17 Feb 2021	24 Oct 2022	-43.70%	16 Sept 2025	1,672
26 Jan 2018	23 Mar 2020	-33.25%	12 Oct 2020	990
27 Apr 2015	21 Jan 2016	-31.21%	02 Jun 2017	767
09 May 2013	25 Jun 2013	-14.20%	18 Oct 2013	162
26 Feb 2026	31 Mar 2026	-14.17%	21 Apr 2026	54

Calendar-year returns

2016

4.6%

2017

40.3%

2018

-15.1%

2019

17.4%

2020

24.4%

2021

-5.0%

2022

-19.8%

2023

5.8%

2024

11.9%

2025

32.1%

2026

28.1%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	8.2	5.9	-13.7	16.3	11.2	-1.3	-3.3	3.3	1.7				28.1
2025	0.7	1.0	0.0	0.7	5.2	6.0	2.6	1.1	6.8	4.5	-2.9	2.7	32.1
2024	-5.5	5.6	2.2	1.6	1.6	4.3	-0.1	1.9	8.4	-4.6	-3.3	0.1	11.9
2023	8.2	-6.8	3.5	-2.1	-1.8	2.7	6.1	-6.4	-2.7	-3.9	6.9	3.5	5.8
2022	-3.1	-2.4	-2.8	-5.2	0.4	-4.5	-1.2	-0.0	-12.8	-6.1	18.8	-0.2	-19.8
2021	4.1	1.2	-2.6	2.5	1.2	-0.1	-7.5	2.3	-4.2	1.3	-3.9	1.3	-5.0
2020	-4.5	-2.9	-12.1	8.9	-1.2	8.3	8.4	3.5	-1.5	2.8	8.0	6.8	24.4
2019	7.2	2.0	1.7	1.8	-8.6	6.5	-1.8	-4.4	1.6	4.5	0.2	6.6	17.4
2018	7.5	-5.0	-1.7	0.8	-1.4	-4.9	0.8	-1.1	-1.5	-10.9	5.3	-2.8	-15.1
2017	6.1	3.3	3.2	2.1	4.3	1.5	5.3	1.2	-0.2	4.6	0.6	2.6	40.3
2016	-7.7	-1.0	11.2	-0.9	-1.4	2.6	4.8	3.3	1.6	-1.4	-3.1	-2.1	4.6
2015	2.4	1.8	0.3	7.2	-2.7	-3.8	-6.4	-9.9	-1.8	7.9	-3.4	-0.5	-9.9
2014	-5.1	3.4	0.9	0.6	4.0	2.2	3.7	0.6	-5.9	1.9	0.2	-2.2	3.8
2013	1.6	-0.2	-2.3	1.9	-1.4	-5.8	1.7	-1.6	5.3	4.3	0.1	-1.2	1.9
2012									6.9	-0.4	2.7	3.0	10.4

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. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.16% /anno

Declared TER

0.23%

Year	Fund	Index	Difference
2025	+32.09%	+32.26%	-0.18%
2024	+11.86%	+11.96%	-0.10%
2023	+5.79%	+5.98%	-0.19%
2022	-19.84%	-19.67%	-0.17%
2021	-4.98%	-4.72%	-0.27%
2020	+24.41%	+25.02%	-0.61%
2019	+17.40%	+18.17%	-0.77%
2018	-15.13%	-14.37%	-0.76%
2017	+40.27%	+41.72%	-1.45%
2016	+4.65%	+5.44%	-0.79%

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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	23.99%	18.85%	18.07%	17.24%	16.84%
Max drawdown	-14.20%	-18.76%	-26.59%	-31.59%	-33.78%
Sharpe	1.44	0.97	0.42	0.51	0.50
Sortino	2.11	1.36	0.59	0.71	0.70

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.

Portfolio holdings

Top-10 weight

42.9%

Top 10 holdings

TAIWAN SEMICONDUCTOR MFG

17.27%

SAMSUNG ELECTRONICS CO

8.05%

SK HYNIX

6.22%

TENCENT HOLDINGS LI (CN)

3.49%

ALIBABA GRP HLDG (HK)

2.33%

MEDIATEK INC

1.48%

DBS GROUP HOLDINGS

1.11%

SAMSUNG ELECTRONICS PREF

1.00%

AIA GROUP

0.99%

DELTA ELECTRONICS

0.92%

Sectors

Informatica

45.5%

Finanza

18.1%

Beni di consumo

9.1%

Industriali

7.4%

Servizi di comunicazione

6.6%

Materiali

3.2%

Salute

2.7%

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. Synthetic replication: the issuer factsheet reports the exposure of the replicated index (not the basket of securities held as swap collateral), which is what is shown here.

Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

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:

IE00B7WK2W23

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

Exchange	Ticker	Trading since
Borsa Italiana (ETFplus)	AJEUAS	14 Jan 2013
Börse Düsseldorf	UIQI	16 Dec 2019
Börse Frankfurt	UIQI	29 Mar 2018
Börse Hamburg	UIQI	11 Feb 2019
Börse Hannover	UIQI	9 Dec 2024
Börse München / gettex	UIQI	22 Feb 2019
Börse Stuttgart	UIQI	24 Jan 2019
Tradegate Exchange	UIQI	19 Mar 2020
Xetra (Deutsche Börse)	UIQI	25 Sept 2012

+ 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 MSCI AC Asia ex Japan SF UCITS ETF USD acc track?

The issuer UBS declares the benchmark: MSCI AC Asia ex Japan Total Return Net.

How much does UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc cost?

The issuer-declared TER is 0.23% per year; the transaction costs estimated in the KID are 0.00%.

What is the fund size of UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc?

The fund size declared by UBS is about 822 million euro.

When was UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc launched?

The fund was launched on 20 August 2012: it has 14 years of history.

How does UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc replicate its index?

It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Sintetica (Fully funded + Total Return Swap)”).

Does UBS MSCI AC Asia ex Japan SF UCITS ETF USD 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 MSCI AC Asia ex Japan SF UCITS ETF USD acc trade?

Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (AJEUAS), Börse Düsseldorf (UIQI), Börse Frankfurt (UIQI), Börse Hamburg (UIQI), Börse Hannover (UIQI), Börse München / gettex (UIQI).

What was UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc's worst fall?

Over the available history (since 2012), the maximum drawdown was -43.70%, reached in October 2022. Past performance is not indicative of future results.

What is UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.16% per year versus its index (from issuer-declared series).

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.