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

ISIN: IE00BDGV0C91Issuer: UBSCurrency hedging: CHF-hedged share class

Issuer-declared data

Declared index

MSCI USA Select Factor Mix 100% hedged to CHF (Net Return)

TER

0.28%

Transaction costs

0.00% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Accumulating

SFDR

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

NAV

28.34 CHF

Domicile

Ireland

Inception date

6 September 2017

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 MSCI USA Select Factor Mix UCITS ETF hCHF acc tracks the issuer-declared index: MSCI USA Select Factor Mix 100% hedged to CHF (Net 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 6 September 2017 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 USA Select Factor Mix 100% hedged to CHF Index (Net Return) (l'«Indice»). L'Indice è un Indice a ponderazione alternativa, ossia che pondera i suoi componenti in base a specifici fattori diversi dalle dimensioni del componente sottostante (espresse in termini di capitalizzazione di borsa), è basato sul suo Indice originario, MSCI USA IMI Index, e rappresenta large, mid e small cap sui mercati azionari statunitensi. L'Indice originario MSCI USA IMI Index è costruito combinando sei indici fattoriali ed è concepito per riflettere la performance di fattori di rischio a lungo termine quali (1) momentum, (2) valore, (3) qualità, (4) rendimento per gli azionisti, (5) volatilità e (6) dimensioni. Il Fondo utilizza una strategia di campionamento che investe in un campione rappresentativo di titoli costitutivi dell'Indice selezionati dal gestore attraverso modelli analitici quantitativi secondo una tecnica nota come «ottimizzazione del portafoglio». 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 non effettuerà 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.
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%).
Average tracking difference over the last 3 years: +0.09% p.a., against a declared TER of 0.28%.

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 Sept 2017 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

+118.4%

Annualised

+9.1%

Volatility (ann.)

17.9%

Max drawdown

-36.34%

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.

Max drawdown

-36.34%

peak → trough

Trough

23 Mar 2020

from the 14 Feb 2020 peak

Recovery time

231 days

recovery only: trough to break-even · ≈ 8 months

Underwater

269 days

decline + recovery: peak to break-even · ≈ 9 months · → recovered on 09 Nov 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
14 Feb 2020	23 Mar 2020	-36.34%	09 Nov 2020	269
04 Jan 2022	30 Sept 2022	-24.01%	20 Mar 2024	806
21 Sept 2018	24 Dec 2018	-20.31%	03 Jul 2019	285
29 Nov 2024	08 Apr 2025	-16.83%	11 Sept 2025	286
26 Jan 2018	08 Feb 2018	-9.89%	27 Aug 2018	213

Calendar-year returns

2017

9.1%

2018

-8.6%

2019

25.6%

2020

12.2%

2021

22.3%

2022

-16.2%

2023

10.6%

2024

13.3%

2025

8.0%

2026

12.1%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	2.6	2.4	-6.1	7.5	3.1	3.6	-2.0	1.3	-0.3				12.1
2025	3.6	-0.6	-4.0	-1.9	3.5	2.6	-0.6	2.9	1.9	-0.6	1.5	-0.3	8.0
2024	0.7	4.9	3.7	-5.2	3.6	0.5	3.2	2.1	1.3	-1.6	6.5	-6.3	13.3
2023	4.4	-3.1	-0.1	0.9	-2.6	6.2	2.9	-2.1	-4.6	-3.0	6.9	5.1	10.6
2022	-6.0	-2.0	3.0	-8.0	0.3	-7.7	6.8	-3.5	-8.5	10.2	5.0	-5.0	-16.2
2021	-0.2	3.6	4.1	4.1	0.9	1.1	1.2	2.7	-4.7	5.9	-2.5	4.6	22.3
2020	-0.6	-8.9	-14.4	11.3	5.0	1.3	4.3	5.8	-3.0	-2.3	12.4	4.1	12.2
2019	7.8	3.7	0.8	3.5	-6.0	6.2	1.4	-2.2	1.6	1.4	3.3	2.0	25.6
2018	4.5	-3.7	-2.0	-0.5	2.1	0.3	3.1	3.2	0.1	-7.4	1.8	-9.3	-8.6
2017										2.2	3.3	0.5	9.1

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 4 of the last 8 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

+0.09% /anno

Declared TER

0.28%

Year	Fund	Index	Difference
2025	+8.03%	+8.02%	+0.01%
2024	+13.27%	+13.20%	+0.07%
2023	+10.59%	+10.38%	+0.20%
2022	-16.23%	-16.33%	+0.09%
2021	+22.28%	+22.32%	-0.04%
2020	+12.23%	+12.33%	-0.10%
2019	+25.58%	+25.67%	-0.09%
2018	-8.57%	-8.47%	-0.10%

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	Full history
Volatility (ann.)	11.85%	13.57%	15.75%	18.09%
Max drawdown	-9.11%	-17.19%	-21.18%	-36.11%
Sharpe	0.94	0.77	0.46	0.62
Sortino	1.40	1.17	0.66	0.87

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 →

Frequently asked questions

Which index does UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc track?

The issuer UBS declares the benchmark: MSCI USA Select Factor Mix 100% hedged to CHF (Net Return).

How much does UBS MSCI USA Select Factor Mix 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 MSCI USA Select Factor Mix 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 MSCI USA Select Factor Mix UCITS ETF hCHF acc launched?

The fund was launched on 6 September 2017: it has 9 years of history.

How does UBS MSCI USA Select Factor Mix 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 MSCI USA Select Factor Mix UCITS ETF hCHF acc pay dividends?

Issuer-declared income policy: “No”.

What was UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc's worst fall?

Over the available history (since 2017), the maximum drawdown was -36.34%, reached in March 2020. Past performance is not indicative of future results.

What is UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc's tracking difference?

Over the last 3 complete calendar years the fund returned on average +0.09% 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.