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

UBS BBG US Liquid Corp 1-5 UCITS ETF USD disIndex, costs, backtest, listings and taxation

ISIN: LU1048314949Issuer: UBS
Issuer-declared data
Declared index
Bloomberg US Liquid Corporates 1-5 Year Total Return
TER
0.16%
Transaction costs
0.04% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
219.6 mln EUR
NAV
13.56 USD
Domicile
Luxembourg
Inception date
1 December 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.
📬 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 BBG US Liquid Corp 1-5 UCITS ETF USD dis tracks the issuer-declared index: Bloomberg US Liquid Corporates 1-5 Year Total Return. The declared annual cost (TER) is 0.16%, plus 0.04% in transaction costs estimated by the issuer in the KID. Replication is physical replication: optimised for equities, sampled for bonds. The fund has assets of about 220 million euro, was launched on 1 December 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 Bloomberg US Liquid Corporates™ 1-5 Year Index (Total Return) using a stratified approach (stratified sampling strategy) by investing in a representative sample of components of the index selected by the portfolio manager using a 'portfolio optimisation' technique. The proportionate exposure by the Fund to the component securities will be substantially achieved either through direct investment or through the use of derivatives or through a combination of both techniques. The Fund may further hold securities which are not comprised in its Index if the portfolio manager believes this to be appropriate considering the Fund's investment objective and the investment restrictions or other factors. The Fund will invest its net assets predominantly in bonds, 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. The Fund will not enter into any securities lending. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. 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 Bloomberg US Liquid Corporates™ 1-5 Year Index (Total 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 generating a substantial part of its yield through recurring income, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy short 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 BBG US Liquid Corp 1-5 UCITS ETF and the available share classes, the full prospectus, and the latest annual and semiannual 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: -0.21% p.a., against a declared TER of 0.16%.
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 Dec 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+34.1%
Annualised
+2.5%
Volatility (ann.)
2.7%
Max drawdown
-10.37%
-4%+7%+18%+28%+39%Dec 2014Nov 2017Oct 2020Oct 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%)+34%Dec 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%-5%-10%-15%-20%2014201620182020202220242026−10.37% · 20 Oct 2022
Max drawdown
-10.37%
peak → trough
Trough
20 Oct 2022
from the 02 Aug 2021 peak
Recovery time
622 days
recovery only: trough to break-even · ≈ 1 year and 8 months
Underwater
1,066 days
decline + recovery: peak to break-even · ≈ 2 years and 11 months · → recovered on 03 Jul 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
02 Aug 202120 Oct 2022-10.37%03 Jul 20241,066
05 Mar 202020 Mar 2020-10.16%16 Jun 2020103
06 Sept 201615 Dec 2016-2.07%13 Apr 2017219
07 Sept 201716 May 2018-1.93%03 Jan 2019483
03 Apr 202511 Apr 2025-1.56%28 Apr 202525

Calendar-year returns

2016
2.7%
2017
2.5%
2018
0.5%
2019
7.5%
2020
5.0%
2021
-0.9%
2022
-6.4%
2023
6.3%
2024
4.5%
2025
7.1%
2026
0.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.30.7-1.00.30.20.1-0.30.3-0.10.5
20250.61.00.40.70.11.00.11.10.40.40.60.37.1
20240.3-0.60.7-0.81.10.61.61.11.1-1.10.7-0.34.5
20231.7-1.31.60.6-0.3-0.30.60.0-0.7-0.22.62.06.3
2022-1.4-0.8-1.8-1.80.9-1.61.7-1.4-2.4-0.32.30.2-6.4
2021-0.3-0.4-0.40.50.4-0.20.4-0.1-0.2-0.6-0.30.1-0.9
20201.00.7-4.52.91.51.10.90.2-0.20.20.70.55.0
20191.50.31.10.30.81.30.01.3-0.10.5-0.00.57.5
2018-0.6-0.50.1-0.10.4-0.10.30.5-0.2-0.2-0.00.90.5
20170.40.50.10.50.5-0.00.60.3-0.10.0-0.40.22.5
20160.90.11.30.5-0.21.10.5-0.1-0.0-0.2-1.20.22.7
20151.3-0.30.40.10.0-0.60.3-0.10.70.20.0-0.31.6
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)
-0.21% /anno
Declared TER
0.16%
YearFundIndexDifference
2025+7.08%+7.25%-0.18%
2024+4.50%+4.71%-0.21%
2023+6.29%+6.53%-0.23%
2022-6.39%-6.26%-0.13%
2021-0.94%-0.77%-0.17%
2020+5.02%+5.36%-0.34%
2019+7.46%+7.66%-0.21%
2018+0.50%+0.73%-0.23%
2017+2.52%+2.70%-0.18%
2016+2.71%+2.84%-0.13%
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.)6.61%7.60%8.46%7.92%8.41%
Max drawdown-5.23%-14.61%-16.93%-18.43%-18.43%
Sharpe-0.60-0.70-0.43-0.24-0.06
Sortino-0.74-0.89-0.57-0.33-0.08
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.

Duration and maturities

Duration · modified duration
3.06years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet UBS, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings

Top-10 weight
10.1%

Top 10 holdings

SPCX 5.35 C '31 USD
1.60%
AMZN 4.25 C '31 USD
1.20%
CRM 4.65 C '29 USD
1.00%
AMZN 4.8 C '31 USD
1.00%
NVDA 4.5 C '31 USD
0.90%
META 4.2 C '30 USD
0.90%
24.5 WFC 5.15 CE '30 USD
0.90%
GS 4.148 CE '28 USD
0.90%
GS 4.516 CE '31 USD
0.90%
CRM 4.5 C '28 USD
0.80%

Sectors

Servizi Finanziari
52.6%
Industriali
44.4%
Servizi di pubblica utilità
3.0%
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
0.3034 USD
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends, last 12 months
0.62 USD
Dividend yield
4.61%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.62 USD4.48 %
20250.75 USD5.41 %
20240.67 USD4.83 %
20230.45 USD3.34 %
20220.20 USD1.34 %
20210.24 USD1.57 %

Dividend contribution to total return

-10%0%10%+1.63 %1 year+6.81 %2025+4.38 %2024+6.16 %2023−6.35 %2022−0.93 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.320.30
20250.420.33
20240.330.34
20230.190.27
20220.090.11
20210.130.10
20200.210.19
20190.200.21
20180.170.16
20170.150.14
20160.160.14
20150.020.11

Latest dividends

Per shareEx-dividend datePayment
0.3034 USD13 Aug 202618 Aug 2026
0.3213 USD9 Feb 202612 Feb 2026
0.3307 USD28 Jul 202531 Jul 2025
0.422 USD3 Feb 20257 Feb 2025
0.3405 USD2 Aug 20248 Aug 2024
0.3344 USD1 Feb 20247 Feb 2024
0.2656 USD31 Jul 20234 Aug 2023
0.1885 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:

LU1048314949(class: USD dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1048315326(class: hGBP 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)CBUS514 Jan 2015
Börse DüsseldorfUEF711 Nov 2015
Börse FrankfurtUEF74 Dec 2014
Börse HamburgUEF71 Aug 2016
Börse HannoverUEF79 Dec 2024
Börse München / gettexUEF721 Feb 2019
Börse StuttgartUEF74 Dec 2014
Euronext AmsterdamUEF727 Jan 2016
Tradegate ExchangeUEF717 Oct 2019
Xetra (Deutsche Börse)UEF74 Dec 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 BBG US Liquid Corp 1-5 UCITS ETF USD dis track?
The issuer UBS declares the benchmark: Bloomberg US Liquid Corporates 1-5 Year Total Return.
How much does UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis cost?
The issuer-declared TER is 0.16% per year; the transaction costs estimated in the KID are 0.04%.
How is UBS BBG US Liquid Corp 1-5 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 BBG US Liquid Corp 1-5 UCITS ETF USD dis?
The fund size declared by UBS is about 220 million euro.
When was UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis launched?
The fund was launched on 1 December 2014: it has 11 years of history.
How does UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (mixed: optimised/sampled) (issuer wording: “Fisico + ottimizzato (azioni) / campione (obbligazioni)”).
Does UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Sì”).
Where does UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (CBUS5), Börse Düsseldorf (UEF7), Börse Frankfurt (UEF7), Börse Hamburg (UEF7), Börse Hannover (UEF7), Börse München / gettex (UEF7).
What was UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis's worst fall?
Over the available history (since 2014), the maximum drawdown was -12.86%, reached in October 2022. Past performance is not indicative of future results.
What is UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.21% 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.