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ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 14.87%details →

UBS EUR Treasury Yield Plus UCITS ETF EUR disIndex, costs, backtest, listings and taxation

ISIN: LU3079566918Ticker: CHSZ (Xetra)Issuer: UBS

Eurozone Bonds actively managed; the declared benchmark, Bloomberg Euro Treasury Bond Index, is a yardstick, distributing. Share class in euro (EUR).

6.69 years
modified duration, as declared by UBS · maturities ↓ ✓ declared by the issuer
0.15% + 0.00%
Flat fee + KID transaction costs ✓ declared by the issuer
5 m €
share-class assets ✓ declared by the issuer
Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name
UBS EUR Treasury Yield Plus UCITS ETF EUR dis
Management
Active management (from the KID)
Replication
Others
Domicile
Luxembourg

Share class · this page

ISIN
LU3079566918
Ticker
CHSZ (Xetra)
Share-class currency
euro (EUR)
Flat fee
0.15% (not the TER)
Transaction costs
0.00% (issuer estimate, from the KID)
Income policy
Share-class assets
5 mln EUR
NAV
9.55 EUR
Share-class launch
11 September 2025
Data as declared by UBS in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.
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Quick reads

  • Duration 6.69 yearsmodified, as declared by UBS✓ declared by the issuer
  • Top 10 = 72.3%of the fund✓ declared by the issuer
  • Effective rate 14.87%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

UBS EUR Treasury Yield Plus UCITS ETF EUR dis is an actively managed ETF: it does not track an index — the declared index (Bloomberg Euro Treasury Bond Index) is a comparison yardstick only. The issuer-declared “Flat fee” (not the TER) is 0.15%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 5 million euro, was launched on 11 September 2025 and is domiciled in Luxembourg. In our registry 3 other ETFs declare the same index.

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

The UBS EUR Treasury Yield Plus sub-fund aims to achieve an attractive return, taking into account both capital appreciation and income returns by investing predominantly in EUR denominated fixed-rate, investment-grade sovereign, sovereign related and supranational debt.

Keep reading the KID section ▾

This sub-fund is actively managed and uses the Bloomberg Euro Treasury Bond Index 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. This sub-fund will seek to outperform the benchmark over the long-term. The sub-fund will invest its net assets predominantly in fixed-rate, investment-grade sovereign and sovereign related debt from member states of the European Union as well as into supranational debt. The sub-fund seeks to enhance its income potential with a rules-based approach which exploits yield opportunities in EUR denominated sovereign, sovereign related and supranational debt while broadly maintaining similar risk characteristics versus its reference benchmark. Additionally, the Investment Manager may use its discretion to further improve the yield and/or risk profile of the portfolio. Moreover, the sub-fund may enter into derivative transactions. This sub-fund complies with Article 6 of SFDR. As such it does not consider principal adverse impacts on sustainability factors due to its investment strategy and the nature of the underlying investments (Art. 7(2) SFDR). The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities (TR Art. 7). The return of the fund depends mainly on the performance of the tracked index. This class distributes its net income in order to maintain the maximum tracking accuracy of the Bloomberg Euro Treasury Bond Index.

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 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 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 EUR Treasury Yield Plus 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

From the KID’s “Objectives” section · KID acquired on 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

  1. Share-class launch
    11 September 2025
    declared by the issuer
  2. Basket snapshots
    3 monthly
    since June 2026
  3. Dated events
    none so far
    TER, index, name, tax: every change is an event
Open the history →

Italian taxation

Effective rate on capital gains
14.87%
White-list share
82.46%
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 →
PerformanceIn this sectionChartBacktestTracking difference

Fund performance

issuer-declared net asset value (NAV) · EUR · from Sept 2025 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-2.3%
Annualised
-2.1%
Volatility (ann.)
4.5%
Max drawdown
-5.75%
-6%-3%0%+3%+6%Sept 2025Dec 2025Apr 2026Jul 2026Oct 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-2.3%
11 Sept 2025 → 16 Oct 20261 year and 1 month · -2.3%
11 Sept 202516 Oct 2026Sept 2025Oct 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%-2%-4%-6%-8%-10%20252026−5.75% · 01 Oct 2026
Max drawdown
-5.75%
peak → trough
Trough
01 Oct 2026
from the 27 Feb 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
231 days
decline + recovery: peak to break-even · ≈ 8 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202601 Oct 2026-5.75%ongoing231
21 Oct 202522 Dec 2025-1.32%10 Feb 2026112
17 Sept 202525 Sept 2025-0.64%08 Oct 202521
11 Sept 202512 Sept 2025-0.28%17 Sept 20256
15 Oct 202517 Oct 2025-0.14%21 Oct 20256

Calendar-year returns

2025
0.3%
since launch, 11 Sept
0 distributions reinvested
2026
-2.6%
2 distributions reinvested
2025: the share class was launched on 11 September 2025; the return runs from launch to 31 December 2025 and is not a full year.
Reinvested series rebuilt by Rebalix from the distributions on file since 9 February 2026: the completeness of the archive is not certified; each year shows how many distributions were reinvested.

Month-by-month returns

2026Year -2.6%
Jan
0.7
Feb
1.4
Mar
-2.9
Apr
0.4
May
1.2
Jun
0.4
Jul
-1.7
Aug
-0.6
Sept
-2.3
Oct
0.9
Nov
·
Dec
·
2025Year 0.3%(since launch)
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sept
·
Oct
1.1
Nov
0.0
Dec
-0.6
JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.71.4-2.90.41.20.4-1.7-0.6-2.30.9-2.6
20251.10.0-0.60.3(since launch)
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: Rebalix calculation from the declared distributions). Deeper colour = larger move.

Method and sources

Switch on: series with distributions reinvested, rebuilt by Rebalix — the distributions declared by the issuer are reinvested at the NAV on the ex-date. It is the total return, comparable with accumulating classes. Switch off: NAV without reinvestment, which drops at every distribution.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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.
YearFundIndexDifference (pt)
2025launch year+0.34%+0.08%+0.26 pt
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. Currency of the declared returns not documented. Launch of the current share class: 11 September 2025. The launch year includes months before the launch. The average and the count of positive years consider only years entirely after the launch. What is tracking difference? →
RiskIn this sectionRisk

Risk indicators· EUR

Last year
Volatility (ann.)4.76%
Max drawdown-7.13%
Sharpe-1.63
Sortino-2.11
Last year
Volatility (ann.)4.76%
Max drawdown-7.13%
Sharpe-1.63
Sortino-2.11
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: 2.25%), 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.
PortfolioIn this sectionDurationHoldingsDividends

Duration and maturities

Duration · modified duration
6.69years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: factsheet UBS, data as of 30 September 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings· structure first, single issues after

Top-10 weight
72.3%

Top 10 holdings

French Republic Government Bond OAT
20.10%
Italy Buoni Poliennali Del Tesoro
17.64%
Spain Government Bond
12.99%
Republic of Austria Government Bond
4.54%
Kingdom of Belgium Government Bond
3.69%
Bundesrepublik Deutschland Bundesanleihe
3.50%
Bundesobligation
2.77%
Kreditanstalt fuer Wiederaufbau
2.59%
Netherlands Government Bond
2.49%
BNG Bank NV
1.94%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 4.5%AzerbaijanBurundiBelgium: 4.7%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 16.6%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 13.9%EstoniaEthiopiaFinland: 1.4%FijiFalkland IslandsFrance: 26.2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 1.2%IranIraqIcelandIsraelItaly: 20%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 4.4%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 1.8%SloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France26.2%
Italy20%
Germany16.6%
Spain13.9%
Belgium4.7%
Austria4.5%
Netherlands4.4%
Top 10 countries declared by the issuer — sum of the weights shown: 94.6%.
Top 10 holdings and breakdowns as declared by UBS in the fund factsheet, data as of 31 July 2026. How Rebalix verifies portfolio holdings →

Dividends

Latest dividend
0.1452 EUR
ex 13 Aug 2026 · paid 18 Aug 2026
Dividends since first payment (8 months)
0.23 EUR
less than 12 months of history: not a full year, not comparable

Yield by year

PeriodDividendsDividend yield
1 year0.23 EUR2.28 %

Dividend contribution to total return

-10%0%10%−3.27 %1 year
dividendsprice changeprice decline

Calendar per share (EUR)

2026Year 0.23 EUR
Jan
·
Feb
0.08
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
0.15
Sep
·
Oct
·
Nov
·
Dec
·
YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.080.15

Latest dividends

0.1452 EUR per share
Ex-dividend date13 Aug 2026
Payment18 Aug 2026
0.0848 EUR per share
Ex-dividend date9 Feb 2026
Payment12 Feb 2026
Per shareEx-dividend datePayment
0.1452 EUR13 Aug 202618 Aug 2026
0.0848 EUR9 Feb 202612 Feb 2026
Per-share dividends as declared by the issuer, in EUR, since the first payment (9 Feb 2026). Past dividends are not indicative of future ones.
StructureIn this sectionIndexSame indexExchanges

Index tracked

Bloomberg Euro Treasury Bond Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
SEGA · iShares · 2 classes
0.07%Dist. · Acc.5.4 mld EUR
GOVA · SPDR
0.07%Acc.1.3 mld EUR
GOVY · SPDR
0.07%Dist.1.3 mld EUR
4 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order
ExchangeTickerExchange sourceRegistered since
Börse DüsseldorfCHSZfrom mappingESMA register (FIRDS)16 Sept 2025
Börse FrankfurtCHSZfrom mappingESMA register (FIRDS)16 Sept 2025
Börse HamburgCHSZfrom mappingESMA register (FIRDS)2 Dec 2025
Börse HannoverCHSZfrom mappingESMA register (FIRDS)13 Nov 2025
Börse München / gettexCHSZfrom mappingESMA register (FIRDS)16 Sept 2025
Börse StuttgartCHSZfrom mappingESMA register (FIRDS)1 Oct 2025
Tradegate ExchangeCHSZfrom mappingESMA register (FIRDS)19 Sept 2025
Xetra (Deutsche Börse)CHSZfrom tax documentESMA register (FIRDS)16 Sept 2025
from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.
from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
+ 1 other trading platform (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
DocumentsIn this sectionDocumentsFAQ

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.

Frequently asked questions

Which index does UBS EUR Treasury Yield Plus UCITS ETF EUR dis track?
The issuer UBS declares the benchmark: Bloomberg Euro Treasury Bond Index.
How much does CHSZ cost?
The issuer-declared Flat fee is 0.15% per year (not the TER); the transaction costs estimated in the KID are 0.00%.
How is CHSZ taxed in Italy?
On sale, the capital gain is taxed at an effective 14.87% rate (white-list share 82.46%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of CHSZ?
The fund size declared by UBS is about 5 million euro.
When was CHSZ launched?
The fund was launched on 11 September 2025: it has 1 year of history.
Is CHSZ actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (Bloomberg Euro Treasury Bond Index) is a yardstick for comparison, not an index being tracked.
Does CHSZ pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does CHSZ trade?
Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 8 exchanges with a ticker available, including Börse Düsseldorf (CHSZ), Börse Frankfurt (CHSZ), Börse Hamburg (CHSZ), Börse Hannover (CHSZ), Börse München / gettex (CHSZ), Börse Stuttgart (CHSZ).
What was CHSZ's worst fall?
Over the available history (since 2025), the maximum drawdown was -7.13%, reached in October 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.
Do you represent the issuer? Report a correction or an update