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UBS MSCI EMU Small Cap UCITS ETF EUR accIndex, costs, backtest, listings and taxation

ISIN: LU0950670009Issuer: UBS

Issuer-declared data

Declared index

MSCI EMU Small Cap Total Return Net

TER

0.28%

Transaction costs

0.04% (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

11.46 EUR

Domicile

Luxembourg

Inception date

7 January 2025

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 EMU Small Cap UCITS ETF EUR acc tracks the issuer-declared index: MSCI EMU Small Cap Total Return Net. The declared annual cost (TER) is 0.28%, plus 0.04% in transaction costs estimated by the issuer in the KID. The fund was launched on 7 January 2025 and is domiciled in Luxembourg.

The fund’s objective — in the issuer’s words(the issuer publishes the KID in Italian)

Il Fondo è gestito in modo passivo e assumerà un'esposizione proporzionale alle componenti del MSCI EMU Small Cap Index (Net Return) tramite investimenti diretti in tutti o quasi tutti i titoli che lo compongono e/o mediante l'uso di derivati, in particolare laddove non sia possibile o praticabile replicare l'indice attraverso investimenti diretti o al fine di generare efficienze nell'acquisizione dell'esposizione all'indice. In alcuni casi il comparto potrebbe anche detenere titoli non compresi nell'indice se il gestore del portafoglio lo ritenesse appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del comparto o di altri fattori. L'esposizione all'indice tramite la replica diretta può essere penalizzata dai costi di ribilanciamento, mentre l'esposizione all'indice tramite derivati può risentire dei costi di negoziazione degli strumenti derivati. L'uso di derivati OTC comporta un ulteriore rischio di controparte, che tuttavia è mitigato dalla politica di garanzie di UBS (Lux) Fund Solutions. Il comparto investirà il proprio patrimonio netto prevalentemente in azioni, valori mobiliari, strumenti del mercato monetario, quote di organismi di investimento collettivo, depositi presso istituti di credito, titoli strutturati quotati o negoziati su un mercato regolamentato e altre attività idonee ai sensi del prospetto informativo. Il comparto può effettuare 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.
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 lungo 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%).

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) · EUR · from Jan 2025 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

+38.2%

Annualised

+21.4%

Volatility (ann.)

15.1%

Max drawdown

-15.59%

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

-15.59%

peak → trough

Trough

07 Apr 2025

from the 18 Mar 2025 peak

Recovery time

35 days

recovery only: trough to break-even

Underwater

55 days

decline + recovery: peak to break-even · → recovered on 12 May 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
18 Mar 2025	07 Apr 2025	-15.59%	12 May 2025	55
27 Feb 2026	20 Mar 2026	-10.49%	17 Apr 2026	49
24 Oct 2025	21 Nov 2025	-4.89%	22 Dec 2025	59
29 May 2026	08 Jul 2026	-4.53%	ongoing	102
22 Aug 2025	03 Sept 2025	-4.45%	24 Oct 2025	63

Calendar-year returns

2025

23.7%

2026

11.7%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	3.8	3.0	-8.1	8.9	5.3	-4.0	1.6	1.9	-0.1				11.7
2025		2.9	-0.8	2.3	7.6	1.4	1.1	-0.3	0.6	0.7	0.5	2.5	23.7

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 — issuer-declared

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

0.28%

Year	Fund	Index	Difference
2025	+23.64%	+23.04%	+0.60%

Figures declared by the issuer in the SICAV’s audited annual report (net fund and index returns per calendar year, as of 31 December 2025), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

	Last year	Full history
Volatility (ann.)	13.48%	15.04%
Max drawdown	-10.49%	-15.59%
Sharpe	1.08	1.20
Sortino	1.61	1.74

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, the fund's currency; 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 →

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:

LU0671493277(class: EUR dis)

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.

Frequently asked questions

Which index does UBS MSCI EMU Small Cap UCITS ETF EUR acc track?

The issuer UBS declares the benchmark: MSCI EMU Small Cap Total Return Net.

How much does UBS MSCI EMU Small Cap UCITS ETF EUR acc cost?

The issuer-declared TER is 0.28% per year; the transaction costs estimated in the KID are 0.04%.

How is UBS MSCI EMU Small Cap UCITS ETF EUR 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 EMU Small Cap UCITS ETF EUR acc launched?

The fund was launched on 7 January 2025: it has 1 year of history.

How does UBS MSCI EMU Small Cap UCITS ETF EUR acc replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).

Does UBS MSCI EMU Small Cap UCITS ETF EUR acc pay dividends?

Issuer-declared income policy: “No”.

What was UBS MSCI EMU Small Cap UCITS ETF EUR acc's worst fall?

Over the available history (since 2025), the maximum drawdown was -15.59%, 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.