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UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF hGBP disIndex, costs, backtest, listings and taxation

ISIN: LU1215461598Issuer: UBSCurrency hedging: GBP-hedged share class

Issuer-declared data

Declared index

Bloomberg MSCI US Liquid Corporates Sustainable Total Return

TER

0.16%

Transaction costs

0.04% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical (mixed: optimised/sampled)

Income policy

Distributing

SFDR

Article 8 — promotes environmental or social characteristics what does it mean?

NAV

8.65 GBP

Domicile

Luxembourg

Inception date

30 September 2015

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 MSCI US Liquid Corp Sustainable UCITS ETF hGBP dis tracks the issuer-declared index: Bloomberg MSCI US Liquid Corporates Sustainable Total Return. The declared annual cost (TER) is 0.16%, plus 0.04% in transaction costs estimated by the issuer in the KID. The fund was launched on 30 September 2015 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 acquisirà un'esposizione proporzionale alle componenti del Bloomberg MSCI US Liquid Corporates Sustainable 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».
Keep reading the KID section ▾
Il Fondo investe almeno il 90% del suo patrimonio netto totale in titoli che compongono l'Indice e il fornitore dell'Indice applica Rating ESG a tutti i titoli che compongono l'Indice. L'Indice esclude almeno il 20% dei titoli con merito di credito più basso rispetto al proprio universo standard. Pertanto, si prevede che il rating ESG risultante del Fondo sia superiore a quello di un Fondo che replica un indice standard. L'esposizione proporzionale del Fondo ai componenti dell'indice sarà in gran parte ottenuta mediante investimenti diretti o l'utilizzo di derivati o mediante una combinazione di entrambe le tecniche. Il Fondo può anche detenere titoli non compresi nel suo indice qualora il gestore di portafoglio lo ritenga appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del Fondo comparto 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 aventi i requisiti di cui al prospetto informativo. Il comparto promuove caratteristiche ambientali e/o sociali ma non ha come obiettivo investimenti sostenibili. Il Fondo non effettuerà operazioni di prestito titoli. 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 MSCI US Liquid Corporates Sustainable 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.
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 del suo rendimento attraverso fonti di reddito ricorrente e si rivolge agli investitori che hanno una preferenza per gli investimenti sostenibili, 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

Average tracking difference over the last 3 years: -0.22% 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 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 Sept 2015 to Sept 2026

Dividends reinvestedAdjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+18.9%

Annualised

+1.6%

Volatility (ann.)

6.8%

Max drawdown

-26.28%

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.

Max drawdown

-26.28%

peak → trough

Trough

21 Oct 2022

from the 06 Aug 2020 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

2,224 days

decline + recovery: peak to break-even · ≈ 6 years and 1 month · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
06 Aug 2020	21 Oct 2022	-26.28%	ongoing	2,224
06 Mar 2020	20 Mar 2020	-19.26%	01 Jul 2020	117
08 Jul 2016	16 Dec 2016	-6.29%	15 Dec 2017	525
15 Dec 2017	02 Nov 2018	-6.20%	27 Mar 2019	467
28 Aug 2019	13 Sept 2019	-3.12%	03 Jan 2020	128

Calendar-year returns

2016

5.1%

2017

5.0%

2018

-4.7%

2019

13.7%

2020

9.2%

2021

-2.7%

2022

-18.9%

2023

7.3%

2024

1.0%

2025

7.7%

2026

-1.3%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	0.0	1.2	-1.9	0.3	0.7	0.1	-1.8	0.3	-0.3				-1.3
2025	0.7	2.0	-0.3	0.2	-0.0	1.8	0.0	0.9	1.4	0.2	0.8	-0.3	7.7
2024	-0.2	-1.7	1.3	-2.6	1.7	0.7	2.1	1.4	1.7	-2.5	1.3	-2.0	1.0
2023	4.1	-3.6	3.2	0.5	-1.4	0.4	0.3	-0.9	-3.0	-2.0	6.0	4.1	7.3
2022	-4.0	-1.8	-2.6	-6.7	1.5	-3.3	3.7	-4.0	-5.9	-1.1	5.2	-1.0	-18.9
2021	-2.1	-2.3	-2.0	1.0	0.7	2.0	1.4	-0.4	-1.4	0.2	0.1	-0.1	-2.7
2020	2.2	1.3	-5.6	5.2	1.4	1.5	3.5	-2.0	-0.4	-0.5	2.8	0.0	9.2
2019	2.7	-0.2	2.6	0.3	1.4	2.6	0.3	3.4	-1.0	0.5	0.2	0.2	13.7
2018	-1.4	-2.1	0.2	-1.2	0.5	-0.7	1.0	0.1	-0.4	-2.0	-0.1	1.4	-4.7
2017	-0.1	1.3	-0.4	1.1	1.0	0.2	0.7	0.5	-0.2	0.2	-0.4	0.9	5.0
2016	0.6	1.4	2.8	1.3	-0.5	2.5	1.2	0.2	-0.6	-1.4	-3.1	0.6	5.1
2015										0.7	0.0	-0.4	0.3

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 9 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.22% /anno

Declared TER

0.16%

Year	Fund	Index	Difference
2025	+7.69%	+7.88%	-0.18%
2024	+0.97%	+1.16%	-0.19%
2023	+7.30%	+7.58%	-0.28%
2022	-18.87%	-18.61%	-0.26%
2021	-2.70%	-2.44%	-0.26%
2020	+9.23%	+9.37%	-0.15%
2019	+13.67%	+14.05%	-0.38%
2018	-4.74%	-4.39%	-0.35%
2017	+5.00%	+5.29%	-0.28%

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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	6.31%	7.73%	9.72%	10.29%	10.51%
Max drawdown	-5.82%	-10.43%	-29.08%	-29.69%	-37.90%
Sharpe	-1.04	-0.40	-0.77	-0.36	-0.38
Sortino	-1.26	-0.52	-1.01	-0.48	-0.50

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

6.53years

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

Source: factsheet UBS, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Dividends

Latest dividend

0.2163 GBP

ex 13 Aug 2026 · paid 18 Aug 2026

Dividends, last 12 months

0.43 GBP

Dividend yield

4.99%

12-month sum over the NAV as of 8 Sept 2026

Yield by year

Period	Dividends	Dividend yield
1 year	0.43 GBP	4.72 %
2025	0.47 GBP	5.19 %
2024	0.32 GBP	3.49 %
2023	0.34 GBP	3.82 %
2022	0.23 GBP	2.05 %
2021	0.22 GBP	1.86 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (GBP)

Year	Jan	Feb	Jul	Aug
2026		0.21		0.22
2025		0.25	0.22
2024		0.09		0.23
2023		0.16	0.19
2022		0.11		0.13
2021		0.11		0.11
2020		0.15		0.14
2019	0.35		0.19
2018	0.15		0.17
2017	0.28		0.14
2016	0.08		0.18

Latest dividends

Per share	Ex-dividend date	Payment
0.2163 GBP	13 Aug 2026	18 Aug 2026
0.2141 GBP	9 Feb 2026	12 Feb 2026
0.2177 GBP	28 Jul 2025	31 Jul 2025
0.2487 GBP	3 Feb 2025	7 Feb 2025
0.2269 GBP	2 Aug 2024	8 Aug 2024
0.0949 GBP	1 Feb 2024	7 Feb 2024
0.185 GBP	31 Jul 2023	4 Aug 2023
0.1556 GBP	1 Feb 2023	6 Feb 2023

Per-share dividends as declared by the issuer, in GBP, since the first payment (29 Jan 2016). 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:

LU1215461598(class: hGBP dis)

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

LU1215461085(class: USD dis)

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

LU1215461325(class: hEUR 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.

Frequently asked questions

Which index does UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF hGBP dis track?

The issuer UBS declares the benchmark: Bloomberg MSCI US Liquid Corporates Sustainable Total Return.

How much does UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF hGBP 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 MSCI US Liquid Corp Sustainable 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 MSCI US Liquid Corp Sustainable UCITS ETF hGBP dis launched?

The fund was launched on 30 September 2015: it has 10 years of history.

How does UBS BBG MSCI US Liquid Corp Sustainable 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 MSCI US Liquid Corp Sustainable 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 MSCI US Liquid Corp Sustainable UCITS ETF hGBP dis's worst fall?

Over the available history (since 2015), the maximum drawdown was -30.61%, reached in October 2023. Past performance is not indicative of future results.

What is UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF hGBP dis's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.22% 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.