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UBS MSCI EM Socially Responsible UCITS ETF USD disIndex, costs, backtest, listings and taxation

ISIN: LU1048313891Issuer: UBS
Issuer-declared data
Declared index
MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Total Return Net
TER
0.24%
Transaction costs
0.04% (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
2.1 bn EUR
NAV
23.47 USD
Domicile
Luxembourg
Inception date
4 September 2014
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 EM Socially Responsible UCITS ETF USD dis tracks the issuer-declared index: MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Total Return Net. The declared annual cost (TER) is 0.24%, plus 0.04% in transaction costs estimated by the issuer in the KID. Replication is full physical replication. The fund has assets of about 2.1 billion euro, was launched on 4 September 2014 and is domiciled in Luxembourg.

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

The Fund is passively managed and will take proportionate exposure on the components of the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Index (Net Return) using a sampling strategy which invests 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'. The Index is designed to measure the performance of best-in-class Environmental, Social and Governance ('ESG') companies based across emerging markets while avoiding companies with negative social or environmental impact. This best-in-class approach excludes at least 20% of the least well-rated securities as against the standard index universe (for further details please refer to the index description in the prospectus which currently provides for an exclusion of 75% of the least well rated securities). The Fund does not benefit from a French SRI label. The Fund will invest its net assets predominantly in shares, transferable securities, money market instruments, units of undertakings for collective investment, deposits with credit institutions, structured notes listed or dealt in on a regulated market and other assets eligible under the prospectus. 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. This class distributes its net income in order to maintain the maximum tracking accuracy of the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Index (Net Return).

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 Bank International GmbH, Luxembourg Branch Further Information Information about UBS MSCI EM 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

  • Assets larger than 84% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.29% p.a., against a declared TER of 0.24%.
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 Sept 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+116.4%
Annualised
+6.6%
Volatility (ann.)
17.5%
Max drawdown
-43.55%
-34%+5%+45%+85%+125%Sept 2014Aug 2017Aug 2020Sept 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+116%Sept 2014Sept 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%2014201620182020202220242026−43.55% · 23 Mar 2020
Max drawdown
-43.55%
peak → trough
Trough
23 Mar 2020
from the 26 Jan 2018 peak
Recovery time
240 days
recovery only: trough to break-even · ≈ 8 months
Underwater
1,027 days
decline + recovery: peak to break-even · ≈ 2 years and 10 months · → recovered on 18 Nov 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Jan 201823 Mar 2020-43.55%18 Nov 20201,027
17 Feb 202124 Oct 2022-37.65%23 Jul 20251,617
04 Sept 201421 Jan 2016-32.02%17 Jul 20171,047
22 Jun 202629 Jul 2026-12.91%ongoing78
26 Feb 202631 Mar 2026-12.81%16 Apr 202649

Calendar-year returns

2016
10.8%
2017
32.5%
2018
-11.9%
2019
11.2%
2020
16.7%
2021
-1.1%
2022
-21.0%
2023
7.8%
2024
9.5%
2025
35.8%
2026
36.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20267.56.0-12.217.414.0-1.8-3.74.62.836.1
20251.70.2-0.81.85.87.80.81.05.95.1-1.43.535.8
2024-6.04.91.5-1.51.65.00.72.67.9-3.5-2.9-0.59.5
20237.9-6.21.8-2.1-1.13.77.1-6.5-4.5-1.77.03.67.8
2022-4.60.1-0.1-7.21.1-7.91.3-1.3-11.8-2.114.9-3.2-21.0
20213.1-2.6-0.22.03.72.9-6.42.9-4.11.9-3.70.1-1.1
2020-5.0-7.5-19.39.51.08.08.83.8-3.03.712.87.416.7
20197.2-1.2-0.92.1-3.14.0-1.7-5.11.14.5-1.46.111.2
20186.7-3.8-2.1-1.5-5.9-4.05.0-2.80.0-6.44.2-1.1-11.9
20173.93.72.61.03.2-0.24.52.2-1.51.81.26.332.5
2016-3.4-0.213.50.6-4.65.04.4-0.30.80.7-6.61.910.8
20151.63.4-2.33.5-3.7-0.9-4.2-8.4-2.34.6-3.4-2.8-14.8
20142.2-1.0-5.3-11.1
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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)
-0.29% /anno
Declared TER
0.24%
YearFundIndexDifference
2025+35.75%+36.21%-0.46%
2024+9.46%+9.72%-0.25%
2023+7.80%+7.96%-0.16%
2022-21.01%-20.75%-0.27%
2021-1.12%-0.56%-0.57%
2020+16.73%+17.05%-0.32%
2019+11.18%+11.74%-0.56%
2018-11.90%-11.19%-0.71%
2017+32.46%+33.39%-0.93%
2016+10.77%+11.72%-0.95%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. 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 yearsLast 10 yearsFull history
Volatility (ann.)21.95%17.70%17.09%17.12%17.27%
Max drawdown-12.66%-18.98%-25.65%-38.46%-38.46%
Sharpe1.891.070.410.400.34
Sortino2.821.510.580.540.47
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
31.9%

Top 10 holdings

MediaTek Inc
5.30%
Taiwan Semiconductor Manufacturing Co Ltd
5.18%
SK Hynix Inc
5.00%
Delta Electronics Inc
3.48%
SK Square Co Ltd
2.37%
Xiaomi Corp
2.22%
Industrial & Commercial Bank of China Ltd
2.20%
Meituan
2.09%
ASE Technology Holding Co Ltd
2.02%
Bharti Airtel Ltd
2.00%

Sectors

Informatica
39.9%
Finanza
21.5%
Beni di consumo
11.3%
Servizi di telecomunicazione
8.7%
Industria
6.9%
Beni di prima necessita'
3.4%
Salute
2.9%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 1.8%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChina: 22.7%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndia: 8.7%IrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 17.1%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexico: 2.5%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 2.1%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 30.9%United Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 8.4%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Taiwan30.9%
China22.7%
South Korea17.1%
India8.7%
South Africa8.4%
Mexico2.5%
Thailand2.1%
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 →

Dividends

Latest dividend
0.2048 USD
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends, last 12 months
0.41 USD
Dividend yield
1.69%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.41 USD2.52 %
20250.37 USD2.71 %
20240.25 USD1.94 %
20230.30 USD2.47 %
20220.27 USD1.72 %
20210.22 USD1.36 %

Dividend contribution to total return

-30%-20%-10%0%10%20%30%40%50%60%+51.82 %1 year+35.13 %2025+9.26 %2024+7.80 %2023−20.82 %2022−1.05 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.200.20
20250.190.18
20240.100.15
20230.120.18
20220.140.13
20210.100.11
20200.170.10
20190.150.13
20180.150.15
20170.170.11
20160.150.13
20150.050.13

Latest dividends

Per shareEx-dividend datePayment
0.2048 USD13 Aug 202618 Aug 2026
0.2026 USD9 Feb 202612 Feb 2026
0.1793 USD28 Jul 202531 Jul 2025
0.1904 USD6 Feb 202512 Feb 2025
0.1467 USD7 Aug 202413 Aug 2024
0.0997 USD1 Feb 20247 Feb 2024
0.1774 USD8 Aug 202311 Aug 2023
0.1209 USD1 Feb 20236 Feb 2023
Per-share dividends as declared by the issuer, in USD, since the first payment (30 Jan 2015). Past dividends are not indicative of future ones.

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:

LU1048313891(class: USD dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1048313974(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)MSRUSA13 Sept 2016
Börse DüsseldorfUEF511 Nov 2015
Börse FrankfurtUEF522 Sept 2014
Börse HamburgUEF51 Aug 2016
Börse HannoverUEF59 Dec 2024
Börse München / gettexUEF515 Jun 2018
Börse StuttgartUEF523 Sept 2014
Euronext AmsterdamUEF527 Jan 2016
Tradegate ExchangeUEF527 Jan 2017
Xetra (Deutsche Börse)UEF522 Sept 2014
+ 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 EM Socially Responsible UCITS ETF USD dis track?
The issuer UBS declares the benchmark: MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Total Return Net.
How much does UBS MSCI EM Socially Responsible UCITS ETF USD dis cost?
The issuer-declared TER is 0.24% per year; the transaction costs estimated in the KID are 0.04%.
How is UBS MSCI EM Socially Responsible UCITS ETF USD dis 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 EM Socially Responsible UCITS ETF USD dis?
The fund size declared by UBS is about 2.1 billion euro.
When was UBS MSCI EM Socially Responsible UCITS ETF USD dis launched?
The fund was launched on 4 September 2014: it has 12 years of history.
How does UBS MSCI EM Socially Responsible UCITS ETF USD dis 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 EM Socially Responsible UCITS ETF USD dis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Sì”).
Where does UBS MSCI EM Socially Responsible UCITS ETF USD dis trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (MSRUSA), Börse Düsseldorf (UEF5), Börse Frankfurt (UEF5), Börse Hamburg (UEF5), Börse Hannover (UEF5), Börse München / gettex (UEF5).
What was UBS MSCI EM Socially Responsible UCITS ETF USD dis's worst fall?
Over the available history (since 2014), the maximum drawdown was -46.53%, reached in March 2020. Past performance is not indicative of future results.
What is UBS MSCI EM Socially Responsible UCITS ETF USD dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.29% 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.