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UBS MSCI World Small Cap Socially Responsible UCITS ETF USD accIndex, costs, backtest, listings and taxation

ISIN: IE00BKSCBX74Issuer: UBS
Issuer-declared data
Declared index
MSCI World Small Cap SRI Low Carbon Select 5% Issuer Capped
TER
0.23%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
639.7 mln EUR
NAV
13.42 USD
Domicile
Ireland
Inception date
19 August 2021
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 World Small Cap Socially Responsible UCITS ETF USD acc tracks the issuer-declared index: MSCI World Small Cap SRI Low Carbon Select 5% Issuer Capped. The declared annual cost (TER) is 0.23%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is full physical replication. The fund has assets of about 640 million euro, was launched on 19 August 2021 and is domiciled in Ireland.

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

The Fund is passively managed and will seek to track the performance of the MSCI World Small Cap SRI Low Carbon Select 5% Issuer Capped Index (Net Return) (the 'Index'). The Index is an equity Index denominated in USD and tracks the performance of best-in-class global small cap companies which focus on ESG considerations. This approach excludes at least 20% of the least well-rated securities as against the standard index universe. It is expected that the Fund's resulting ESG rating will be higher than the ESG rating of a Fund tracking a standard index. The Index is a 'low carbon select' index and companies are excluded based on their exposure to certain business activities (controversial weapons, nuclear weapons, civilian firearms, tobacco, thermal coal, fossil fuel extraction), their record in facing certain ESG controversies (as determined by the Index Provider's research) and on carbon emission intensity levels. The Index selects companies with low exposure to fossil fuel reserves and low carbon emissions per dollar. The maximum weight of any issuer is capped at 5%. This Fund will seek to hold the securities of the Index with the approximate weightings as in the Indexso that the portfolio of the Fund will be a near mirror-image of the Index. The Fund may also hold securities which are not comprised in its Index, including, for example, securities which are expected to shortly be included in the Index. The Fund may, to reduce risk reduce costs or generate additional capital or income, use derivative instruments. The use of derivative instruments may multiply the gains or losses made by the Fund on a given investment or on its investments generally. Currency hedged share classes may also be available in the Fund. This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective. The Fund will not enter into any securities lending. 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 and addresses a preference for Sustainable Investing, 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 World Small Cap Socially Responsible 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: -0.02% 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 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 Aug 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+34.7%
Annualised
+6.1%
Volatility (ann.)
16.1%
Max drawdown
-30.23%
-27%-10%+7%+25%+42%Aug 2021Nov 2022Mar 2024Jun 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%)+35%Aug 2021Sept 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%202120222023202420252026−30.23% · 27 Sept 2022
Max drawdown
-30.23%
peak → trough
Trough
27 Sept 2022
from the 08 Nov 2021 peak
Recovery time
723 days
recovery only: trough to break-even · ≈ 1 year and 12 months
Underwater
1,046 days
decline + recovery: peak to break-even · ≈ 2 years and 10 months · → recovered on 19 Sept 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
08 Nov 202127 Sept 2022-30.23%19 Sept 20241,046
04 Dec 202408 Apr 2025-20.16%10 Jul 2025218
10 Feb 202630 Mar 2026-10.58%15 Jun 2026125
03 Sept 202106 Oct 2021-5.13%01 Nov 202159
27 Oct 202520 Nov 2025-4.97%28 Nov 202532

Calendar-year returns

2021
3.8%
2022
-18.0%
2023
15.8%
2024
5.2%
2025
15.5%
2026
12.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.33.1-8.57.21.81.61.33.0-1.212.5
20254.0-4.0-3.90.65.73.3-0.05.11.0-0.22.60.915.5
2024-3.02.54.5-5.64.2-2.27.70.12.3-3.45.8-6.55.2
20239.6-1.9-2.60.8-3.96.24.9-4.1-5.1-6.49.79.715.8
2022-7.20.00.1-7.8-0.9-9.99.3-4.0-10.08.47.2-2.5-18.0
2021-3.63.5-4.74.83.8
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 1 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.02% /anno
Declared TER
0.23%
YearFundIndexDifference
2025+15.49%+15.51%-0.01%
2024+5.22%+5.30%-0.08%
2023+15.76%+15.74%+0.02%
2022-18.04%-18.01%-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 yearLast 3 yearsLast 5 years
Volatility (ann.)11.74%14.83%16.15%
Max drawdown-8.44%-23.50%-23.50%
Sharpe1.200.580.27
Sortino1.820.830.39
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.

Portfolio holdings

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 4.9%AustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 3.6%Switzerland: 1.9%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinland: 0.8%FijiFalkland IslandsFranceGabonUnited Kingdom: 8.1%GeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapan: 11.5%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorway: 0.9%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.7%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 61.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States61.7%
Japan11.5%
United Kingdom8.1%
Australia4.9%
Canada3.6%
Switzerland1.9%
Sweden1.7%
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.
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 →

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:

IE00BKSCBX74(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)WSC14 Sept 2021
Börse DüsseldorfUIMS23 Aug 2021
Börse FrankfurtUIMS23 Aug 2021
Börse HamburgUIMS12 Oct 2021
Börse HannoverUIMS9 Dec 2024
Börse München / gettexUIMS6 Sept 2021
Börse StuttgartUIMS17 Sept 2021
Tradegate ExchangeUIMS15 Oct 2021
Xetra (Deutsche Börse)UIMS23 Aug 2021
+ 19 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 World Small Cap Socially Responsible UCITS ETF USD acc track?
The issuer UBS declares the benchmark: MSCI World Small Cap SRI Low Carbon Select 5% Issuer Capped.
How much does UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc cost?
The issuer-declared TER is 0.23% per year; the transaction costs estimated in the KID are 0.01%.
How is UBS MSCI World Small Cap Socially Responsible 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 World Small Cap Socially Responsible UCITS ETF USD acc?
The fund size declared by UBS is about 640 million euro.
When was UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc launched?
The fund was launched on 19 August 2021: it has 5 years of history.
How does UBS MSCI World Small Cap Socially Responsible 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 World Small Cap Socially Responsible 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 World Small Cap Socially Responsible UCITS ETF USD acc trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (WSC), Börse Düsseldorf (UIMS), Börse Frankfurt (UIMS), Börse Hamburg (UIMS), Börse Hannover (UIMS), Börse München / gettex (UIMS).
What was UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc's worst fall?
Over the available history (since 2021), the maximum drawdown was -30.23%, reached in September 2022. Past performance is not indicative of future results.
What is UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.02% 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.