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UBS Sustainable Development Bank Bonds UCITS ETF hCHF accIndex, costs, backtest, listings and taxation

ISIN: LU1852211561Issuer: UBSCurrency hedging: CHF-hedged share class
Issuer-declared data
TER
0.18%
Transaction costs
0.04% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 9 — declared sustainable investment objective what does it mean?
NAV
9.19 CHF
Domicile
Luxembourg
Inception date
30 April 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.
Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →
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Description

UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc tracks the issuer-declared index: Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to CHF Total Return Index. The declared annual cost (TER) is 0.18%, plus 0.04% in transaction costs estimated by the issuer in the KID. The fund was launched on 30 April 2019 and is domiciled in Luxembourg.

The fund’s objective — in the issuer’s words(the issuer publishes the KID in Italian)

Questo comparto è gestito passivamente e acquisirà un'esposizione proporzionale ai componenti del Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to CHF Index (Total Return). L'Indice è composto per lo più da obbligazioni delle banche multilaterali di sviluppo. La considerazione di criteri non finanziari ha un impatto significativo e oltre il 90% degli attivi è investito in obbligazioni che offrono esposizione alle banche multilaterali di sviluppo Adottando la metodologia ESG de parametro di riferimento, il Fondo applica l'approccio aggiornato basato sull'indicatore extra-finanziario per gli scopi di cui ai regolamenti dell'AMF volti a un miglioramento del valore dell'indicatore non finanziario. Il punteggio MSCI ESG del Fondo secondo il relativo indicatore extra finanziario del Fondo sarà almeno del 20% superiore al punteggio MSCI ESG dell'Indice di riferimento. In base alle caratteristiche d'investimento di ogni titolo viene quindi presa una decisione circa la sua inclusione nel comparto che replica l'indice. L'esposizione proporzionale del comparto ai titoli che lo compongono sarà in gran parte ottenuta con l'investimento diretto o l'utilizzo di derivati, oppure con una combinazione di entrambe le tecniche. Il comparto può detenere titoli non compresi nell'indice di riferimento, qualora il gestore lo ritenga appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del comparto o di altri fattori. Il comparto può ricorrere a derivati, in particolare quando non è possibile o praticabile replicare l'indice attraverso investimenti diretti o al fine di generare efficienze nell'acquisizione dell'esposizione all'indice. L'esposizione all'indice tramite la replica diretta può essere penalizzata dai costi di ribilanciamento, mentre l'esposizione all'indice tramite derivati può risentire dei costi di negoziazione degli strumenti derivati. L'impiego di derivati OTC comporta il rischio di controparte, che è però attenuato dalla politica sul collaterale di UBS (Lux) Fund Solutions. Questo comparto ha un obiettivo d'investimento sostenibile. Il Fondo non effettuerà operazioni di prestito titoli. Il rendimento del fondo dipende principalmente dalla performance dell'indice replicato. I proventi del Fondo non vengono versati, bensì reinvestiti. 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 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

  • TER 0.18%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.03% p.a., against a declared TER of 0.18%.
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) · CHF · from Apr 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-11.5%
Annualised
-1.6%
Volatility (ann.)
3.2%
Max drawdown
-15.97%
-15%-9%-3%+2%+8%Apr 2019Mar 2021Jan 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%)-11%Apr 2019Sept 2026
Note — currency risk: the fund is denominated (or hedged) in CHF and the chart is in CHF. For a euro investor, returns also depend on the EUR/CHF 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%2019202120232025−15.97% · 19 Oct 2023
Max drawdown
-15.97%
peak → trough
Trough
19 Oct 2023
from the 04 Aug 2020 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,226 days
decline + recovery: peak to break-even · ≈ 6 years and 1 month · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
04 Aug 202019 Oct 2023-15.97%ongoing2,226
04 Sept 201912 Dec 2019-1.70%28 Feb 2020177
09 Mar 202018 Mar 2020-1.64%09 Jul 2020122
20 Jun 201916 Jul 2019-0.57%02 Aug 201943
16 Aug 201922 Aug 2019-0.32%28 Aug 201912

Calendar-year returns

2019
0.8%
2020
3.1%
2021
-2.6%
2022
-10.0%
2023
-0.1%
2024
-1.7%
2025
1.7%
2026
-2.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.10.9-1.5-0.3-0.3-0.2-0.8-0.2-0.2-2.7
20250.21.00.10.7-0.90.5-0.70.8-0.10.00.3-0.41.7
2024-0.0-1.30.1-1.50.70.51.40.70.6-2.00.1-1.0-1.7
20231.0-1.82.00.1-1.0-1.3-0.1-0.2-1.1-0.51.61.4-0.1
2022-1.3-0.5-2.5-1.50.3-0.90.8-2.1-2.5-0.81.1-0.5-10.0
2021-0.3-1.0-0.50.30.2-0.00.5-0.2-0.7-0.60.1-0.5-2.6
20201.01.20.90.30.10.10.3-0.2-0.1-0.40.1-0.13.1
20190.90.4-0.41.3-0.6-0.1-0.4-0.30.8
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.
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)
-0.03% /anno
Declared TER
0.18%
YearFundIndexDifference
2025+1.69%+1.71%-0.01%
2024-1.72%-1.69%-0.03%
2023-0.06%+0.00%-0.06%
2022-9.97%-9.81%-0.16%
2021-2.65%-2.41%-0.24%
2020+3.14%+3.36%-0.21%
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.)4.14%5.82%7.12%6.50%
Max drawdown-7.19%-8.79%-9.57%-9.88%
Sharpe-1.62-0.49-0.33-0.07
Sortino-2.22-0.69-0.48-0.11
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
3.53years

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.

Index tracked

Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to CHF Total Return Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.92%
White-list share
96.89%
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:

LU1852211215(class: USD acc)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1852211991(class: hEUR acc)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1852212023(class: hGBP dis)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
LU1852212965(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 ExchangeE68016 Sept 2025
+ 2 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 Sustainable Development Bank Bonds UCITS ETF hCHF acc track?
The issuer UBS declares the benchmark: Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to CHF Total Return Index.
How much does UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc cost?
The issuer-declared TER is 0.18% per year; the transaction costs estimated in the KID are 0.04%.
How is UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc taxed in Italy?
On sale, the capital gain is taxed at an effective 12.92% rate (white-list share 96.89%): 12.5% on the government-bond “white list” portion, 26% on the rest.
When was UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc launched?
The fund was launched on 30 April 2019: it has 7 years of history.
How does UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc 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 Sustainable Development Bank Bonds UCITS ETF hCHF acc pay dividends?
Issuer-declared income policy: “No”.
What was UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc's worst fall?
Over the available history (since 2019), the maximum drawdown was -15.97%, reached in October 2023. Past performance is not indicative of future results.
What is UBS Sustainable Development Bank Bonds UCITS ETF hCHF acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.03% 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.