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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 26.00%details →

UBS EUR AAA CLO UCITS ETF EUR accIndex, costs, backtest, listings and taxation

ISIN: LU3028243122Issuer: UBS
Issuer-declared data
Declared index
JPM European Collateralized Loan Obligation AAA-only Index in EUR
TER
0.25%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Others
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
165 mln EUR
NAV
10.42 EUR
Domicile
Luxembourg
Inception date
1 July 2025
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 EUR AAA CLO UCITS ETF EUR acc is an actively managed ETF: it does not track an index — the declared index (JPM European Collateralized Loan Obligation AAA-only Index in EUR) is a comparison yardstick only. The declared annual cost (TER) is 0.25%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund has assets of about 165 million euro, was launched on 1 July 2025 and is domiciled in Luxembourg.

The fund’s objective — in the issuer’s words

The UBS EUR AAA CLO UCITS ETF sub-fund aims to provide investors with a total return, taking into account both capital appreciation and income returns by investing at least 80% of its assets in AAA-rated collateralized loan obligations (“CLOs”) and investing up to 20% of its assets in CLOs of investment grade tranches. This sub-fund is actively managed and uses the J.P. Morgan European Collateralised Loan Obligation Index AAA sub-set (€-CLOIE AAA) as a reference for portfolio construction, performance comparison and risk management but is not constrained by it. The majority of the sub-fund's securities will be components of the benchmark. The return of the fund depends primarily on the development of interest rates and creditworthiness of the issuers and the interest income. The return may also be affected by currency fluctuations, where active or unhedged positions exist. 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 an expert 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, 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 can be acquired by professional investors and through selected distribution channels only. Depositary State Street Bank International GmbH, Luxembourg Branch Further Information Information about UBS EUR AAA CLO 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 0.25%: above the median of bond ETFs we track (0.15%).
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 Jul 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+4.3%
Annualised
+3.6%
Volatility (ann.)
0.4%
Max drawdown
-0.20%
-3%0%+2%+5%+7%Jul 2025Oct 2025Feb 2026May 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%)+4%Jul 2025Sept 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%-1%-2%-3%-4%20252026−0.20% · 06 Mar 2026
Max drawdown
-0.20%
peak → trough
Trough
06 Mar 2026
from the 23 Feb 2026 peak
Recovery time
34 days
recovery only: trough to break-even
Underwater
45 days
decline + recovery: peak to break-even · → recovered on 09 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
23 Feb 202606 Mar 2026-0.20%09 Apr 202645
02 Jul 202503 Jul 2025-0.12%07 Jul 20255
14 Jul 202515 Jul 2025-0.09%24 Jul 202510
13 Oct 202517 Oct 2025-0.07%27 Oct 202514
25 Jul 202529 Jul 2025-0.05%06 Aug 202512

Calendar-year returns

2025
1.8%
2026
2.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.40.1-0.10.50.40.30.20.40.12.4
20250.30.50.10.30.41.8
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 — issuer-declared

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
0.25%
YearFundIndexDifference
2025+1.83%+1.80%+0.03%
Figures declared by the issuer in the SICAV’s audited annual report (net fund and index returns per calendar year, as of 31 December 2025), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last year
Volatility (ann.)0.30%
Max drawdown-0.20%
Sharpe4.33
Sortino7.58
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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
1.56years

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

Top-10 weight
19.1%

Top 10 holdings

NWDSE 2022-26X AR -
4.00%
JUBIL 2026-33X B1 - BSP
3.00%
CRNCL 2023-16X BR - Cairn
3.00%
BECLO 2X A3R - BlackRock
3.00%
Virgin Media
1.40%
Action Nederland
1.10%
Nidda Healthcare
1.00%
Ineos Group
1.00%
Liberty Global (Vodafone Ziggo)
0.80%
Thyssenkrupp Elevator
0.80%
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.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

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)CLO1 Sept 2025
Börse DüsseldorfCHSJ8 Jul 2025
Börse FrankfurtCHSJ8 Jul 2025
Börse HamburgCHSJ2 Sept 2025
Börse HannoverCHSJ4 Sept 2025
Börse München / gettexCHSJ8 Jul 2025
Börse StuttgartCHSJ22 Jul 2025
Tradegate ExchangeCHSJ17 Jul 2025
Xetra (Deutsche Börse)CHSJ8 Jul 2025
+ 10 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 EUR AAA CLO UCITS ETF EUR acc track?
The issuer UBS declares the benchmark: JPM European Collateralized Loan Obligation AAA-only Index in EUR.
How much does UBS EUR AAA CLO UCITS ETF EUR acc cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.00%.
How is UBS EUR AAA CLO UCITS ETF EUR 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 EUR AAA CLO UCITS ETF EUR acc?
The fund size declared by UBS is about 165 million euro.
When was UBS EUR AAA CLO UCITS ETF EUR acc launched?
The fund was launched on 1 July 2025: it has 1 year of history.
Is UBS EUR AAA CLO UCITS ETF EUR acc actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (JPM European Collateralized Loan Obligation AAA-only Index in EUR) is a yardstick for comparison, not an index being tracked.
Does UBS EUR AAA CLO UCITS ETF EUR 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 EUR AAA CLO UCITS ETF EUR acc trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (CLO), Börse Düsseldorf (CHSJ), Börse Frankfurt (CHSJ), Börse Hamburg (CHSJ), Börse Hannover (CHSJ), Börse München / gettex (CHSJ).
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.