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UBS MSCI USA Select Factor Mix UCITS ETF USD accIndex, costs, backtest, listings and taxation

ISIN: IE00BDGV0415Issuer: UBS
Issuer-declared data
Declared index
MSCI USA Select Factor Mix Index
TER
0.25%
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
107.6 mln EUR
NAV
49.59 USD
Domicile
Ireland
Inception date
16 October 2018
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 USA Select Factor Mix UCITS ETF USD acc tracks the issuer-declared index: MSCI USA Select Factor Mix Index. The declared annual cost (TER) is 0.25%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication. The fund has assets of about 108 million euro, was launched on 16 October 2018 and is domiciled in Ireland.

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

The Fund is passively managed and seeks to track performance of the MSCI USA Select Factor Mix Index (Net Return) (the 'Index'). The Index is an alternatively weighted Index, being an Index whose constituents are weighted according to specific factors other than the size of the underlying constituent (measured by the market capitalization), that is based on its parent Index the MSCI USA IMI Index and captures large-, mid- and small-cap representation across the US equity markets. The parent Index the MSCI USA IMI Index is constructed using a combination of six factor indices and is designed to represent the performance of long-term risk factors such as (1) momentum, (2) value, (3) quality, (4) shareholder yield, (5) volatility and (6) size. The Fund uses a sampling strategy investing in a representative sample of constituent stocks of the Index selected by the investment manager using quantitative analytical models in a technique known as 'portfolio optimization'. 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 will not enter into any securities lending. 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.

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 USA Select Factor Mix 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 0.25%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.08% p.a., against a declared TER of 0.25%.
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) · USD · from Oct 2018 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+158.1%
Annualised
+12.8%
Volatility (ann.)
18.6%
Max drawdown
-35.69%
-24%+25%+74%+123%+172%Oct 2018Oct 2020Sept 2022Sept 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+158%Oct 2018Sept 2026
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.
0%-10%-20%-30%-40%-50%20182020202220242026−35.69% · 23 Mar 2020
Max drawdown
-35.69%
peak → trough
Trough
23 Mar 2020
from the 14 Feb 2020 peak
Recovery time
163 days
recovery only: trough to break-even · ≈ 5 months
Underwater
201 days
decline + recovery: peak to break-even · ≈ 7 months · → recovered on 02 Sept 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
14 Feb 202023 Mar 2020-35.69%02 Sept 2020201
04 Jan 202230 Sept 2022-22.32%19 Dec 2023714
07 Nov 201824 Dec 2018-16.12%19 Feb 2019104
29 Nov 202408 Apr 2025-15.73%03 Jul 2025216
02 Sept 202023 Sept 2020-8.19%12 Oct 202040

Calendar-year returns

2018
-10.2%
2019
29.8%
2020
15.0%
2021
23.9%
2022
-13.5%
2023
16.3%
2024
18.3%
2025
12.9%
2026
15.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.92.7-5.58.13.43.8-1.61.6-0.215.6
20254.0-0.2-3.7-1.63.93.0-0.23.32.3-0.21.80.112.9
20241.05.13.9-4.84.00.83.72.61.6-1.26.7-5.818.3
20234.8-2.80.31.3-2.26.73.4-1.7-4.1-2.77.55.616.3
2022-5.8-2.03.2-7.40.4-7.67.1-3.2-8.210.35.5-4.6-13.5
2021-0.13.74.04.41.01.11.42.8-4.56.0-2.44.823.9
2020-0.3-8.6-14.211.55.11.44.75.9-2.8-2.212.64.315.0
20198.13.91.13.7-5.86.71.7-1.91.91.73.52.429.8
20182.1-9.1-10.2
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 7 of the last 7 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.08% /anno
Declared TER
0.25%
YearFundIndexDifference
2025+12.90%+12.85%+0.04%
2024+18.31%+18.26%+0.05%
2023+16.30%+16.17%+0.14%
2022-13.46%-13.60%+0.13%
2021+23.89%+23.86%+0.03%
2020+14.96%+14.89%+0.06%
2019+29.84%+29.76%+0.08%
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 yearsLast 5 yearsFull history
Volatility (ann.)11.49%14.28%16.50%19.48%
Max drawdown-5.91%-19.39%-19.39%-35.55%
Sharpe1.540.850.540.64
Sortino2.351.220.780.90
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

Securities in portfolio
1,970
Top-10 weight
13.0%

Top 10 holdings

JOHNSON & JOHNSON
1.97%
APPLE INC
1.66%
LAM RESEARCH CORP
1.47%
VISA INC-CLASS A SHARES
1.43%
WALMART INC
1.33%
MERCK & CO. INC.
1.16%
MICRON TECHNOLOGY INC
1.05%
BERKSHIRE HATHAWAY INC-CL B
0.99%
ELI LILLY & CO
0.98%
CATERPILLAR INC
0.97%

Sectors

Informatica
22.4%
Finanza
17.0%
Industriali
14.4%
Salute
13.0%
Beni di prima necessita'
7.5%
Beni di consumo
5.7%
Servizi di comunicazione
5.3%
Download the full portfolio — Excel, 1,970 rows
Full portfolio declared by UBS, as of 19 August 2026: this is the summary. 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 →

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 →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfUSUE22 Jun 2020
Börse FrankfurtUSUE7 Feb 2020
Börse HamburgUSUE19 Feb 2020
Börse HannoverUSUE9 Dec 2024
Börse München / gettexUSUE19 Aug 2021
Börse StuttgartUSUE12 Feb 2021
Tradegate ExchangeUSUE19 Mar 2020
Xetra (Deutsche Börse)USUE7 Feb 2020
+ 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 USA Select Factor Mix UCITS ETF USD acc track?
The issuer UBS declares the benchmark: MSCI USA Select Factor Mix Index.
How much does UBS MSCI USA Select Factor Mix UCITS ETF USD acc cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.00%.
How is UBS MSCI USA Select Factor Mix UCITS ETF USD 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 MSCI USA Select Factor Mix UCITS ETF USD acc?
The fund size declared by UBS is about 108 million euro.
When was UBS MSCI USA Select Factor Mix UCITS ETF USD acc launched?
The fund was launched on 16 October 2018: it has 7 years of history.
How does UBS MSCI USA Select Factor Mix UCITS ETF USD 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 MSCI USA Select Factor Mix 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 USA Select Factor Mix UCITS ETF USD acc trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (USUE), Börse Frankfurt (USUE), Börse Hamburg (USUE), Börse Hannover (USUE), Börse München / gettex (USUE), Börse Stuttgart (USUE).
What was UBS MSCI USA Select Factor Mix UCITS ETF USD acc's worst fall?
Over the available history (since 2018), the maximum drawdown was -35.69%, reached in March 2020. Past performance is not indicative of future results.
What is UBS MSCI USA Select Factor Mix UCITS ETF USD acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.08% per year versus its index (from issuer-declared series).
How many securities does UBS MSCI USA Select Factor Mix UCITS ETF USD acc hold?
The declared portfolio holds 1,970 securities; the top 10 positions weigh 13%.
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.