← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
🇮🇹 Effective capital-gains rate: 26.00%details →

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

ISIN: LU1048313974Issuer: 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
685.9 mln EUR
NAV
31.11 USD
Domicile
Luxembourg
Inception date
11 June 2019
Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

UBS MSCI EM Socially Responsible UCITS ETF USD acc 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 686 million euro, was launched on 11 June 2019 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. 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 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

  • Average tracking difference over the last 3 years: -0.28% 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 Jun 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+108.2%
Annualised
+10.7%
Volatility (ann.)
19.4%
Max drawdown
-38.62%
-37%+1%+40%+78%+117%Jun 2019Apr 2021Feb 2023Nov 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%)+108%Jun 2019Sept 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%2019202120232025−38.62% · 23 Mar 2020
Max drawdown
-38.62%
peak → trough
Trough
23 Mar 2020
from the 17 Jan 2020 peak
Recovery time
227 days
recovery only: trough to break-even · ≈ 7 months
Underwater
293 days
decline + recovery: peak to break-even · ≈ 10 months · → recovered on 05 Nov 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Jan 202023 Mar 2020-38.62%05 Nov 2020293
17 Feb 202124 Oct 2022-37.64%23 Jul 20251,617
22 Jun 202629 Jul 2026-12.91%ongoing78
26 Feb 202631 Mar 2026-12.81%16 Apr 202649
16 Jul 201927 Aug 2019-10.09%17 Dec 2019154

Calendar-year returns

2019
4.7%
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
20237.9-6.21.8-2.1-1.13.77.1-6.6-4.5-1.77.03.67.8
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
2019-1.7-5.11.14.5-1.46.14.7
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 — 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 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.28% /anno
Declared TER
0.24%
YearFundIndexDifference
2025+35.76%+36.21%-0.45%
2024+9.49%+9.72%-0.22%
2023+7.79%+7.96%-0.17%
2022-21.01%-20.75%-0.26%
2021-1.10%-0.56%-0.54%
2020+16.72%+17.05%-0.33%
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.)22.04%17.78%17.11%18.57%
Max drawdown-12.66%-18.97%-23.92%-36.77%
Sharpe1.971.180.540.53
Sortino2.951.690.760.73
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 →

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:

LU1048313974(class: USD acc)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1048313891(class: USD 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.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)MSRUSB3 Sept 2019
Börse DüsseldorfUETE12 Mar 2020
Börse FrankfurtUETE13 Jun 2019
Börse HamburgUETE2 Jul 2019
Börse HannoverUETE9 Dec 2024
Börse München / gettexUETE30 Aug 2019
Börse StuttgartUETE21 Jan 2020
Tradegate ExchangeUETE7 Sept 2020
Xetra (Deutsche Börse)UETE13 Jun 2019
+ 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 acc 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 acc 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 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 EM Socially Responsible UCITS ETF USD acc?
The fund size declared by UBS is about 686 million euro.
When was UBS MSCI EM Socially Responsible UCITS ETF USD acc launched?
The fund was launched on 11 June 2019: it has 7 years of history.
How does UBS MSCI EM 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 EM 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 EM Socially Responsible UCITS ETF USD acc trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (MSRUSB), Börse Düsseldorf (UETE), Börse Frankfurt (UETE), Börse Hamburg (UETE), Börse Hannover (UETE), Börse München / gettex (UETE).
What was UBS MSCI EM Socially Responsible UCITS ETF USD acc's worst fall?
Over the available history (since 2019), the maximum drawdown was -38.62%, reached in March 2020. Past performance is not indicative of future results.
What is UBS MSCI EM Socially Responsible UCITS ETF USD acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.28% 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.