Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
79 mln EUR
NAV
37.36 USD
Domicile
Luxembourg
Inception date
25 August 2023
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 MSCI EM ex China UCITS ETF USD acc tracks the issuer-declared index: MSCI Emerging Markets ex China Total Return Net. The declared annual cost (TER) is 0.16%, plus 0.01% 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 79 million euro, was launched on 25 August 2023 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 MSCI Emerging Markets ex China Index (Net Return) using a sampling strategy which invests in a representative sample of constituent stocks of the index selected by the investment manager using quantitative analytical models in a technique known as "portfolio optimization". The sub-fund can also make use of derivatives in particular where it may not be possible or practicable to replicate the index through direct investments or in order to generate efficiencies in gaining exposure to the index. There may also be instances where a sub-fund holds securities which are not comprised in its index if the portfolio manager of respective sub-fund believes this to be appropriate considering the sub-fund's investment objective and the investment restrictions or other factors. Exposure to the index through direct replication may be affected by rebalancing costs, while exposure to the index through derivatives may be affected by derivative trading costs. The use of OTC derivatives further engenders counterparty risk which is however mitigated by UBS (Lux) Fund Solutions collateral policy. The sub-fund will invest its net assets predominantly in shares, 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. Currency hedged share classes may also be available in the sub-fund. The sub-fund may enter into securities lending transactions. The return of the fund depends mainly on the performance of the tracked index. Fund income is not paid out, but instead will be reinvested.
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 growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium 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 MSCI EM ex China 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
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 Aug 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+117.0%
Annualised
+29.0%
Volatility (ann.)
19.1%
Max drawdown
-19.14%
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.
Max drawdown
-19.14%
peak → trough
Trough
09 Apr 2025
from the 26 Sept 2024 peak
Recovery time
62 days
recovery only: trough to break-even · ≈ 2 months
Underwater
257 days
decline + recovery: peak to break-even · ≈ 8 months · → recovered on 10 Jun 2025
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
26 Sept 2024
09 Apr 2025
-19.14%
10 Jun 2025
257
22 Jun 2026
29 Jul 2026
-17.37%
ongoing
78
26 Feb 2026
31 Mar 2026
-15.38%
21 Apr 2026
54
11 Jul 2024
05 Aug 2024
-10.50%
24 Sept 2024
75
03 Jun 2026
08 Jun 2026
-8.28%
16 Jun 2026
13
Calendar-year returns
2023
10.1%
2024
3.8%
2025
35.1%
2026
40.5%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
10.5
9.5
-14.7
18.5
13.5
0.1
-5.9
4.4
3.0
40.5
2025
2.2
-3.8
-0.0
3.9
4.9
7.1
0.9
-0.0
6.0
7.7
-2.3
4.7
35.1
2024
-2.4
3.6
2.6
-1.3
-0.1
6.0
0.9
1.8
1.2
-3.7
-3.3
-1.2
3.8
2023
-3.1
-3.3
10.3
6.2
10.1
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.
Declared TER
0.16%
Year
Fund
Index
Difference
2025
+35.06%
+34.61%
+0.45%
2024
+3.81%
+3.57%
+0.24%
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 year
Last 3 years
Volatility (ann.)
25.53%
18.61%
Max drawdown
-17.24%
-19.32%
Sharpe
1.97
1.17
Sortino
3.03
1.71
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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.
Portfolio holdings
Securities in portfolio
10
Top-10 weight
24.8%
Top 10 holdings
Samsung Electronics Co Ltd
10.30%
SK Hynix Inc
7.10%
MediaTek Inc
1.70%
Delta Electronics Inc
1.10%
Hon Hai Precision Industry Co Ltd
1.00%
HDFC Bank Ltd
1.00%
Reliance Industries Ltd
0.90%
ICICI Bank Ltd
0.90%
Petroleo Brasileiro SA
0.80%
Sectors
Informatica
49.1%
Finanza
20.0%
Industriali
6.7%
Materiali
5.9%
Beni di consumo
4.1%
Energia
3.5%
Servizi di comunicazione
3.2%
Countries
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Taiwan33.9%
South Korea25.9%
India14.8%
Brazil5.3%
South Africa3.8%
Saudi Arabia3.1%
Mexico2.2%
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.
+ 7 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 MSCI EM ex China UCITS ETF USD acc track?
The issuer UBS declares the benchmark: MSCI Emerging Markets ex China Total Return Net.
How much does UBS MSCI EM ex China UCITS ETF USD acc cost?
The issuer-declared TER is 0.16% per year; the transaction costs estimated in the KID are 0.01%.
How is UBS MSCI EM ex China UCITS ETF USD acc 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 MSCI EM ex China UCITS ETF USD acc?
The fund size declared by UBS is about 79 million euro.
When was UBS MSCI EM ex China UCITS ETF USD acc launched?
The fund was launched on 25 August 2023: it has 3 years of history.
How does UBS MSCI EM ex China UCITS ETF USD acc 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 MSCI EM ex China UCITS ETF USD acc pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Non”).
Where does UBS MSCI EM ex China UCITS ETF USD acc trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (4UBL), Börse Frankfurt (4UBL), Börse Hamburg (4UBL), Börse Hannover (4UBL), Börse München / gettex (4UBL), Börse Stuttgart (4UBL).
What was UBS MSCI EM ex China UCITS ETF USD acc's worst fall?
Over the available history (since 2023), the maximum drawdown was -19.14%, reached in April 2025. Past performance is not indicative of future results.
How many securities does UBS MSCI EM ex China UCITS ETF USD acc hold?
The declared portfolio holds 10 securities; the top 10 positions weigh 24.8%.
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.