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UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR disIndex, costs, backtest, listings and taxation

ISIN: LU1805389258Issuer: UBS
Issuer-declared data
Declared index
Bloomberg Euro Area Liquid Corporate Index (Total Return Net)
TER
0.06%
Transaction costs
0.03% (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
40.9 mln EUR
NAV
10.22 EUR
Domicile
Luxembourg
Inception date
31 May 2018
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 Core BBG Euro Area Liquid Corp UCITS ETF EUR dis tracks the issuer-declared index: Bloomberg Euro Area Liquid Corporate Index (Total Return Net). The declared annual cost (TER) is 0.06%, plus 0.03% 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 41 million euro, was launched on 31 May 2018 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 Euro Area Liquid Corporates 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 Euro Area Liquid Corporates 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 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 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 Core BBG Euro Area Liquid Corp 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

  • TER 0.06%: below the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.20% p.a., against a declared TER of 0.06%.
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) · EUR · from May 2018 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+6.9%
Annualised
+0.8%
Volatility (ann.)
2.3%
Max drawdown
-11.12%
-11%-6%+0%+6%+12%May 2018Jul 2020Aug 2022Aug 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%)+7%May 2018Sept 2026
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%20182020202220242026−11.12% · 20 Oct 2022
Max drawdown
-11.12%
peak → trough
Trough
20 Oct 2022
from the 03 Sept 2019 peak
Recovery time
729 days
recovery only: trough to break-even · ≈ 1 year and 12 months
Underwater
1,872 days
decline + recovery: peak to break-even · ≈ 5 years and 2 months · → recovered on 18 Oct 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
03 Sept 201920 Oct 2022-11.12%18 Oct 20241,872
27 Feb 202627 Mar 2026-2.93%ongoing193
20 Jun 201811 Oct 2018-1.07%20 Dec 2018183
11 Dec 202414 Jan 2025-0.92%31 Jan 202551
29 Oct 202522 Dec 2025-0.89%26 Jan 202689

Calendar-year returns

2018
0.6%
2019
1.3%
2020
0.5%
2021
-1.0%
2022
-8.5%
2023
6.3%
2024
4.9%
2025
3.7%
2026
-0.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.80.6-2.51.01.00.5-1.1-0.3-0.2-0.2
20250.50.5-0.30.70.50.30.7-0.10.50.8-0.3-0.23.7
20240.3-0.70.9-0.40.40.61.30.41.1-0.11.1-0.14.9
20231.5-0.90.50.50.1-0.51.10.2-0.30.51.51.96.3
2022-0.4-0.7-1.1-1.7-0.6-2.42.9-2.9-2.1-0.11.4-0.9-8.5
2021-0.1-0.30.2-0.1-0.00.00.3-0.1-0.2-0.60.5-0.4-1.0
20200.4-0.1-1.30.20.20.30.3-0.00.20.30.0-0.00.5
20190.2-0.10.50.10.00.60.40.4-0.2-0.3-0.2-0.11.3
20180.4-0.1-0.40.00.00.30.40.6
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 7 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.20% /anno
Declared TER
0.06%
YearFundIndexDifference
2025+3.66%+3.74%-0.08%
2024+4.88%+5.09%-0.21%
2023+6.33%+6.64%-0.32%
2022-8.50%-8.00%-0.50%
2021-1.04%-0.84%-0.20%
2020+0.47%+0.76%-0.29%
2019+1.26%+1.48%-0.22%
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 yearsFull history
Volatility (ann.)3.79%3.22%3.33%2.69%
Max drawdown-4.67%-4.88%-10.58%-11.27%
Sharpe-1.43-0.74-1.16-0.79
Sortino-1.74-0.88-1.45-1.00
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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
4.92years

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

Securities in portfolio
1,042
Top-10 weight
2.2%

Top 10 holdings

SANTAN 4 7/8 10/18/31
0.28%
SANTAN 3 1/4 04/02/29
0.26%
BNP 3.583 01/15/31
0.22%
ISPIM 5 1/8 08/29/31
0.22%
BNP 4 3/4 11/13/32
0.21%
BNP 4 1/8 09/26/32
0.21%
BNP 4.095 02/13/34
0.20%
INTNED 3 1/2 09/03/30
0.20%
BFCM 4 3/8 01/11/34
0.20%
SANTAN 3 3/4 01/09/34
0.20%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 2.7%AzerbaijanBurundiBelgium: 3.6%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 23.8%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 11.8%EstoniaEthiopiaFinland: 2%FijiFalkland IslandsFrance: 31.3%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItaly: 8.7%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 1.2%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 10.1%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France31.3%
Germany23.8%
Spain11.8%
Netherlands10.1%
Italy8.7%
Belgium3.6%
Austria2.7%
⬇ Download the full portfolio — Excel, 1,042 rows
Full portfolio declared by UBS, as of 19 August 2026: this is the summary. 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
0.1815 EUR
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends, last 12 months
0.37 EUR
Dividend yield
3.61%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.37 EUR3.49 %
20250.30 EUR2.84 %
20240.35 EUR3.40 %
20230.21 EUR2.15 %
20220.02 EUR0.16 %
20210.00 EUR0.00 %

Dividend contribution to total return

-10%0%10%+0.22 %1 year+3.62 %2025+4.76 %2024+6.24 %2023−8.49 %2022−1.04 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.190.18
20250.120.18
20240.170.18
20230.080.13
20220.02
20190.010.01
20180.00

Latest dividends

Per shareEx-dividend datePayment
0.1815 EUR13 Aug 202618 Aug 2026
0.1867 EUR9 Feb 202612 Feb 2026
0.1785 EUR28 Jul 202531 Jul 2025
0.1196 EUR3 Feb 20257 Feb 2025
0.1791 EUR2 Aug 20248 Aug 2024
0.1728 EUR1 Feb 20247 Feb 2024
0.13 EUR31 Jul 20234 Aug 2023
0.0841 EUR1 Feb 20236 Feb 2023
Per-share dividends as declared by the issuer, in EUR, since the first payment (31 Jul 2018). 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 →

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)E15S4 Jul 2018
Börse DüsseldorfUIQL5 Nov 2018
Börse FrankfurtUIQL5 Jun 2018
Börse HamburgUIQL14 Feb 2019
Börse HannoverUIQL9 Dec 2024
Börse München / gettexUIQL21 Feb 2019
Börse StuttgartUIQL1 Aug 2018
Tradegate ExchangeUIQL17 Aug 2020
Xetra (Deutsche Börse)UIQL5 Jun 2018
+ 17 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 Core BBG Euro Area Liquid Corp UCITS ETF EUR dis track?
The issuer UBS declares the benchmark: Bloomberg Euro Area Liquid Corporate Index (Total Return Net).
How much does UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis cost?
The issuer-declared TER is 0.06% per year; the transaction costs estimated in the KID are 0.03%.
How is UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR 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 Core BBG Euro Area Liquid Corp UCITS ETF EUR dis?
The fund size declared by UBS is about 41 million euro.
When was UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis launched?
The fund was launched on 31 May 2018: it has 8 years of history.
How does UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR 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 Core BBG Euro Area Liquid Corp UCITS ETF EUR dis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Sì”).
Where does UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (E15S), Börse Düsseldorf (UIQL), Börse Frankfurt (UIQL), Börse Hamburg (UIQL), Börse Hannover (UIQL), Börse München / gettex (UIQL).
What was UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis's worst fall?
Over the available history (since 2018), the maximum drawdown was -11.27%, reached in October 2022. Past performance is not indicative of future results.
What is UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.20% per year versus its index (from issuer-declared series).
How many securities does UBS Core BBG Euro Area Liquid Corp UCITS ETF EUR dis hold?
The declared portfolio holds 1,042 securities; the top 10 positions weigh 2.2%.
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.