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Description
UBS EUR AAA CLO UCITS ETF hGBP dis is an actively managed ETF: it does not track an index. The declared annual cost (TER) is 0.28%, plus 0.02% in transaction costs estimated by the issuer in the KID. The fund 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. This class distributes its net income in order to maintain the maximum tracking accuracy of the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. The exchange rate risk of the share class currency is to a large extent hedged against the currency of the fund.
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 · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.
Quick reads
TER 0.28%: 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.
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) · GBP · from Jul 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+6.6%
Annualised
+5.5%
Volatility (ann.)
0.4%
Max drawdown
-0.15%
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP 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.
Max drawdown
-0.15%
peak → trough
Trough
06 Mar 2026
from the 26 Feb 2026 peak
Recovery time
13 days
recovery only: trough to break-even
Underwater
21 days
decline + recovery: peak to break-even · → recovered on 19 Mar 2026
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
26 Feb 2026
06 Mar 2026
-0.15%
19 Mar 2026
21
02 Jul 2025
03 Jul 2025
-0.10%
07 Jul 2025
5
14 Jul 2025
15 Jul 2025
-0.09%
21 Jul 2025
7
25 Jul 2025
29 Jul 2025
-0.05%
01 Aug 2025
7
14 Oct 2025
17 Oct 2025
-0.04%
21 Oct 2025
7
Calendar-year returns
2025
2.9%
2026
3.6%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
0.5
0.3
0.1
0.7
0.5
0.4
0.4
0.5
0.1
3.6
2025
0.4
0.6
0.3
0.5
0.6
2.9
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 — 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
0.28%
Year
Fund
Index
Difference
2025
+2.88%
+1.80%
+1.08%
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.)
4.08%
Max drawdown
-2.85%
Sharpe
0.33
Sortino
0.42
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.
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.
Dividends
Latest dividend
0.159 GBP
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends since first payment (7 months)
0.30 GBP
less than 12 months of history: not a full year, not comparable
Yield by year
Period
Dividends
Dividend yield
1 year
0.30 GBP
3.00 %
Dividend contribution to total return
dividendsprice changeprice decline
Calendar per share (GBP)
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
0.14
0.16
Latest dividends
Per share
Ex-dividend date
Payment
0.159 GBP
13 Aug 2026
18 Aug 2026
0.1436 GBP
9 Feb 2026
12 Feb 2026
Per-share dividends as declared by the issuer, in GBP, since the first payment (9 Feb 2026). 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.
How much does UBS EUR AAA CLO UCITS ETF hGBP dis cost?
The issuer-declared TER is 0.28% per year; the transaction costs estimated in the KID are 0.02%.
How is UBS EUR AAA CLO UCITS ETF hGBP 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.
When was UBS EUR AAA CLO UCITS ETF hGBP dis launched?
The fund was launched on 1 July 2025: it has 1 year of history.
Is UBS EUR AAA CLO UCITS ETF hGBP dis actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index.
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Yes”).
What was UBS EUR AAA CLO UCITS ETF hGBP dis's worst fall?
Over the available history (since 2025), the maximum drawdown was -1.49%, reached in August 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.