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UBS MSCI World ex USA UCITS ETF hCHF accIndex, costs, backtest, listings and taxation

ISIN: LU2807513168Issuer: UBSCurrency hedging: CHF-hedged share class
ETF launched on 22 July 2026 — page still filling up

What you see is what the issuer has declared so far. The rest comes with time, not by our choice: each row appears on its own as soon as the data exists.

Holdingsnot yet available in the issuer’s official sources. The fund was launched on 22 July 2026: we do not attribute to the ETF benchmark holdings, or those of other vehicles, dated before launch. Next check: 2 October
Tracking differenceafter the first full calendar year, from January 2028
Dividendsnot applicable: accumulating share class
History certified by financial statementswith the first semi-annual or annual issuer report that includes the fund
Issuer-declared data
Declared index
MSCI World (ex US) (hedged CHF)
TER
0.12%
Transaction costs
0.02% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
NAV
7.21 CHF
Domicile
Luxembourg
Inception date
22 July 2026
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 historyOn its way: monthly basket snapshots and declared assets, from the first run after launch.Open the history →
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Description

UBS MSCI World ex USA UCITS ETF hCHF acc tracks the issuer-declared index: MSCI World (ex US) (hedged CHF). The declared annual cost (TER) is 0.12%, plus 0.02% in transaction costs estimated by the issuer in the KID. The fund was launched on 22 July 2026 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 MSCI World ex USA Index (Net Return) tramite investimenti diretti in tutti o quasi tutti i titoli che lo compongono e/o mediante l'uso di derivati, in particolare laddove non sia possibile o praticabile replicare l'indice attraverso investimenti diretti o al fine di generare efficienze nell'acquisizione dell'esposizione all'indice. In alcuni casi il comparto potrebbe anche detenere titoli non compresi nell'indice se il gestore del portafoglio lo ritenesse appropriato in funzione dell'obiettivo e delle restrizioni d'investimento del comparto o di altri fattori. 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 inoltre il rischio di controparte, che è però attenuato dalla politica sul collaterale di UBS (Lux) Fund Solutions. Il comparto investirà il suo patrimonio netto soprattutto in azioni, 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 in possesso dei requisiti di cui al prospetto informativo. Il Fondo può concludere 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. 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 far crescere il valore dell'investimento, 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 medio 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 0.12%: below the median of equity ETFs we track (0.22%).
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 Jul 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+0.7%
Volatility (ann.)
6.5%
Max drawdown
-1.98%
-4%-1%+1%+3%+6%Jul 2026Aug 2026Aug 2026Aug 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+1%Jul 2026Sept 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%-1%-2%-3%-4%2026−1.98% · 02 Sept 2026
Max drawdown
-1.98%
peak → trough
Trough
02 Sept 2026
from the 13 Aug 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
26 days
decline + recovery: peak to break-even · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
13 Aug 202602 Sept 2026-1.98%ongoing26
22 Jul 202623 Jul 2026-0.62%27 Jul 20265
27 Jul 202629 Jul 2026-0.46%31 Jul 20264
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

We do not publish a tracking difference for this share class — and it is not an oversight.

this share class is hedged to CHF; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the CHF-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Frequently asked questions

Which index does UBS MSCI World ex USA UCITS ETF hCHF acc track?
The issuer UBS declares the benchmark: MSCI World (ex US) (hedged CHF).
How much does UBS MSCI World ex USA UCITS ETF hCHF acc cost?
The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.02%.
When was UBS MSCI World ex USA UCITS ETF hCHF acc launched?
The fund was launched on 22 July 2026: it has been trading for 50 days: the page fills up as the issuer publishes data.
How does UBS MSCI World ex USA UCITS ETF hCHF acc replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).
Does UBS MSCI World ex USA UCITS ETF hCHF acc pay dividends?
Issuer-declared income policy: “No”.
What was UBS MSCI World ex USA UCITS ETF hCHF acc's worst fall?
Over the available history (since 2026), the maximum drawdown was -1.98%, reached in September 2026. Past performance is not indicative of future results.
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.