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

ISIN: LU1048315326Issuer: UBSCurrency hedging: GBP-hedged share class
Issuer-declared data
Declared index
Bloomberg US Liquid Corporates 1-5 Year Total Return
TER
0.19%
Transaction costs
0.06% (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?
NAV
12.2 GBP
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.
Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →
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Description

UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP dis tracks the issuer-declared index: Bloomberg US Liquid Corporates 1-5 Year Total Return. The declared annual cost (TER) is 0.19%, plus 0.06% in transaction costs estimated by the issuer in the KID. The fund was launched on 1 December 2014 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 Bloomberg US Liquid Corporates™ 1-5 Year Index (Total Return) attraverso un approccio stratificato (strategia di campionamento stratificato) che prevede l'investimento in un campione rappresentativo di titoli che compongono l'indice selezionati dal gestore di portafoglio mediante una tecnica di «ottimizzazione del portafoglio». L'esposizione proporzionale del Fondo alle componenti dell'indice sarà in gran parte ottenuta con l'investimento diretto o l'utilizzo di derivati oppure con una combinazione di entrambe le tecniche. Il Fondo può anche detenere titoli non compresi nel suo Indice di riferimento qualora il gestore di portafoglio lo ritenga appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del Fondo o di altri fattori. Il Fondo investirà il suo patrimonio netto prevalentemente in obbligazioni, valori mobiliari, strumenti del mercato monetario, quote di organismi d'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 Fondo non effettuerà 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. Questa classe distribuisce i proventi netti al fine di replicare il parametro di riferimento Bloomberg US Liquid Corporates™ 1-5 Year hedged to GBP Index (Total Return) nel modo più preciso possibile. Il rischio di cambio della valuta della classe di azioni è in larga misura coperto dalla valuta del fondo.

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 generare una quota consistente di rendimento attraverso proventi ricorrenti, 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 breve 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 0.19%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.27% p.a., against a declared TER of 0.19%.
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) · GBP · from Dec 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+23.3%
Annualised
+1.8%
Volatility (ann.)
2.8%
Max drawdown
-11.11%
-4%+4%+12%+20%+28%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%)+23%Dec 2014Sept 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%2014201620182020202220242026−11.11% · 20 Oct 2022
Max drawdown
-11.11%
peak → trough
Trough
20 Oct 2022
from the 02 Aug 2021 peak
Recovery time
670 days
recovery only: trough to break-even · ≈ 1 year and 10 months
Underwater
1,114 days
decline + recovery: peak to break-even · ≈ 3 years and 1 month · → recovered on 20 Aug 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
02 Aug 202120 Oct 2022-11.11%20 Aug 20241,114
05 Mar 202020 Mar 2020-11.02%02 Jul 2020119
05 Sept 201716 May 2018-2.88%22 Mar 2019563
06 Sept 201615 Dec 2016-2.32%18 Jul 2017315
03 Apr 202511 Apr 2025-1.54%28 Apr 202525

Calendar-year returns

2016
2.3%
2017
1.3%
2018
-1.2%
2019
5.5%
2020
4.2%
2021
-1.2%
2022
-7.3%
2023
5.4%
2024
4.1%
2025
6.9%
2026
0.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.30.7-1.00.40.20.1-0.30.3-0.10.5
20250.71.00.40.70.11.00.11.00.40.30.50.36.9
20240.3-0.60.7-0.81.10.61.61.01.0-1.20.7-0.34.1
20231.6-1.41.50.5-0.4-0.30.6-0.0-0.8-0.22.51.95.4
2022-1.4-0.8-1.9-1.90.9-1.71.6-1.5-2.5-0.42.10.0-7.3
2021-0.3-0.4-0.40.50.4-0.20.3-0.1-0.2-0.6-0.30.0-1.2
20200.90.7-4.72.81.51.10.90.2-0.30.10.70.44.2
20191.20.11.00.10.61.1-0.11.1-0.20.3-0.10.35.5
2018-0.7-0.6-0.1-0.30.3-0.30.20.4-0.3-0.3-0.20.7-1.2
20170.30.5-0.00.50.4-0.20.50.2-0.2-0.1-0.50.01.3
20160.90.11.20.4-0.21.10.5-0.1-0.1-0.3-1.20.02.3
20151.3-0.30.50.10.0-0.60.3-0.10.70.20.0-0.41.8
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.
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)
-0.27% /anno
Declared TER
0.19%
YearFundIndexDifference
2025+6.87%+7.12%-0.25%
2024+4.12%+4.38%-0.26%
2023+5.44%+5.73%-0.29%
2022-7.34%-7.13%-0.22%
2021-1.20%-0.99%-0.22%
2020+4.17%+4.59%-0.41%
2019+5.49%+5.77%-0.28%
2018-1.18%-0.92%-0.26%
2017+1.34%+1.56%-0.22%
2016+2.26%+2.45%-0.19%
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.)5.04%6.37%7.08%7.94%8.45%
Max drawdown-3.95%-8.73%-16.46%-21.71%-34.18%
Sharpe-0.78-0.58-0.70-0.37-0.33
Sortino-0.92-0.68-0.88-0.49-0.43
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.

Dividends

Latest dividend
0.2717 GBP
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends, last 12 months
0.55 GBP
Dividend yield
4.54%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.55 GBP4.41 %
20250.86 GBP6.77 %
20240.71 GBP5.49 %
20230.40 GBP3.15 %
20220.19 GBP1.34 %
20210.21 GBP1.48 %

Dividend contribution to total return

-10%0%10%+1.53 %1 year+6.53 %2025+3.99 %2024+5.33 %2023−7.29 %2022−1.19 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.280.27
20250.580.28
20240.400.31
20230.160.23
20220.080.11
20210.120.09
20200.190.17
20190.360.21
20180.160.18
20170.150.12
20160.140.15
20150.020.10

Latest dividends

Per shareEx-dividend datePayment
0.2717 GBP13 Aug 202618 Aug 2026
0.2815 GBP9 Feb 202612 Feb 2026
0.284 GBP28 Jul 202531 Jul 2025
0.5765 GBP3 Feb 20257 Feb 2025
0.3068 GBP2 Aug 20248 Aug 2024
0.402 GBP1 Feb 20247 Feb 2024
0.2332 GBP31 Jul 20234 Aug 2023
0.1648 GBP1 Feb 20236 Feb 2023
Per-share dividends as declared by the issuer, in GBP, 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:

LU1048315326(class: hGBP dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1048314949(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
Tradegate ExchangeCHS616 Sept 2025
+ 4 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 hGBP 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 hGBP dis cost?
The issuer-declared TER is 0.19% per year; the transaction costs estimated in the KID are 0.06%.
How is UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP 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.
When was UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP 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 hGBP dis replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (mixed: optimised/sampled) (issuer wording: “Physical + Optimized (equities) / sampled (bonds)”).
Does UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP dis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Yes”).
What was UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP dis's worst fall?
Over the available history (since 2014), the maximum drawdown was -17.64%, reached in September 2026. Past performance is not indicative of future results.
What is UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.27% 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.