1386 ＵＢＳ欧州株 2020-04-16 17:10:00
令和元年12月期 決算短信（平成31年1月1日～令和元年12月31日）（1/3） [pdf]
12 31 1 1 12 31
Earnings Report for Fiscal Year ending December 2019 (January 1, 2019 December 31, 2019)
2 4 16
April 16, 2020
(Fund name) (Listed (Trading (Primary
(Underlying indicator)
(Code) Exchange) unit) invested assets)
1385 1
1386 1
1387 1
1388 1
1389 1
1390 1
1391 1
1392 1
1393 1
1394 1
( ) ( )
www.ubs.com/etf
( ) CEO ( )
( ) ( ) (TEL) 03(6212)8316
Foreign Investment
UBS ETF, Sicav
Corporation:
Representative: (Title) Member of the Board of Directors (Name) Andreas Haberzeth
Management co.: UBS Fund Management (Luxembourg) S.A.
URL: www.ubs.com/etf
Representative: (Title) Chief Executive Officer (Name) Francesca Prym
Contact person: (Title) Attorney-in-Fact (Name) Nobuharu Onishi (TEL) 03(6212)8316
2 6
Scheduled submission date of Annual Securities
June, 2020
Report:
I Fund Management
12 31 1 1 12 31
1. Management Status for Fiscal Year ended December 2019 (from January 1, 2019 to December 31, 2019)
ETF
(1) Assets of Trust Asset Foreign ETF (amounts below 1 mil. yen are discarded)
Primary Invested Assets Cash/Deposits/Other Assets Total (Net Assets)
(excluding liabilities)
Amount ratio Amount ratio Amount
ratio
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 49,515 99.87 65 0.13 49,581 100.00
December 2019
UBS ETF EURO STOXX 30 12
50 UCITS ETF-JDR FY ended 53,334 99.96 23 0.04 53,357 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 53,910 100.01 (6) (0.01) 53,903 100.00
UBS ETF MSCI Europe December 2019
UCITS ETF-JDR 30 12
FY ended 33,156 100.00 0 0.00 33,156 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 376,167 98.92 4,118 1.08 380,286 100.00
UBS ETF MSCI EMU December 2019
UCITS ETF-JDR 30 12
FY ended 312,988 99.02 3,093 0.98 316,082 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 12,223 99.96 4 0.04 12,227 100.00
UBS ETF MSCI EMU December 2019
Small Cap UCITS ETF- 30 12
JDR FY ended 13,613 100.00 0 0.00 13,613 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 8,737 99.64 31 0.36 8,769 100.00
UBS ETF FTSE 100 December 2019
UCITS ETF-JDR 30 12
FY ended 9,855 100.36 (35) (0.36) 9,820 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 17,496 99.44 98 0.56 17,595 100.00
UBS ETF MSCI Pacific (ex December 2019
Japan) UCITS ETF-JDR 30 12
FY ended 18,740 99.98 3 0.02 18,743 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 127,742 99.95 63 0.05 127,805 100.00
UBS ETF MSCI December 2019
Switzerland 20/35 UCITS 30 12
ETF-JDR FY ended 79,700 99.99 4 0.01 79,705 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 262,577 99.47 1,388 0.53 263,965 100.00
UBS ETF MSCI United December 2019
Kingdom UCITS ETF-JDR 30 12
FY ended 76,830 99.72 214 0.28 77,045 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 64,686 99.66 223 0.34 64,909 100.00
UBS ETF MSCI USA December 2019
UCITS ETF-JDR 30 12
FY ended 56,231 99.96 24 0.04 56,255 100.00
December 2018
JPY mil. % JPY mil. % JPY mil. %
12
FY ended 128,767 99.58 539 0.42 129,306 100.00
UBS ETF MSCI World December 2019
UCITS ETF-JDR 30 12
FY ended 109,616 100.04 (47) (0.04) 109,568 100.00
December 2018
ETF
(2) Creation and Redemption of Trust Asset Foreign ETF
(amounts below 1 thousand shares are discarded)
No. of Issued Shares No. of Shares No. of Shares No. of Issued Shares at
at End of Previous Created Redeemed End of Calculation
Calculation Period ( ) ( ) Period
( ) ( )
shares shares shares shares
12
FY ended 15,141 350 4,213 11,277
December 2019
UBS ETF EURO STOXX 50
30 12
UCITS ETF-JDR FY ended 16,921 3,100 4,880 15,141
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 4,501 1,589 287 5,803
UBS ETF MSCI Europe December 2019
UCITS ETF-JDR 30 12
FY ended 4,124 1,641 1,264 4,501
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 16,674 2,132 9,223 9,583
UBS ETF MSCI EMU UCITS December 2019
ETF-JDR 30 12
FY ended 18,857 1,441 3,624 16,674
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 1,408 96 498 1,006
UBS ETF MSCI EMU Small December 2019
Cap UCITS ETF-JDR 30 12
FY ended 1,516 1,170 1,278 1,408
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 1,119 12 206 925
UBS ETF FTSE 100 UCITS December 2019
ETF-JDR 30 12
FY ended 1,445 68 393 1,119
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 4,308 188 1,169 3,327
UBS ETF MSCI Pacific (ex December 2019
Japan) UCITS ETF-JDR 30 12
FY ended 4,785 239 716 4,308
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 8,230 464 2,462 6,232
UBS ETF MSCI Switzerland December 2019
20/35 UCITS ETF-JDR 30 12
FY ended 8,656 3,629 4,055 8,230
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 369 1,182 125 1,427
UBS ETF MSCI United December 2019
Kingdom UCITS ETF-JDR 30 12
FY ended 374 190 194 369
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 2,151 393 619 1,926
UBS ETF MSCI USA UCITS December 2019
ETF-JDR 30 12
FY ended 2,279 498 625 2,151
December 2018
000 shares 000 shares 000 shares 000 shares
12
FY ended 5,366 362 673 5,055
UBS ETF MSCI World UCITS December 2019
ETF-JDR 30 12
FY ended 6,161 488 1,284 5,366
December 2018
ETF
(3) Net Asset Value of Trust Asset Foreign ETF
(amounts below 1 mil. yen are discarded)
1
(( /
)×1)
Total Assets Liabilities Net Assets Net Asset Value per 1 unit
( ) ( ) ( ( )) (( /No. of Issued Shares at
End of Calculation Period
(Previous Calculation
Period))×1)
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 49,589 8 49,581 4,396
UBS ETF EURO STOXX 50 December 2019
UCITS ETF-JDR 30 12
FY ended 53,647 290 53,357 3,524
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 54,012 109 53,903 4,758
UBS ETF MSCI Europe December 2019
UCITS ETF-JDR 30 12
FY ended 33,296 139 33,156 4,224
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 380,390 103 380,286 2,981
UBS ETF MSCI EMU UCITS December 2019
ETF-JDR 30 12
FY ended 316,951 868 316,082 4,345
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 12,243 16 12,227 12,143
UBS ETF MSCI EMU Small December 2019
Cap UCITS ETF-JDR 30 12
FY ended 13,661 48 13,613 9,666
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 8,773 4 8,769 9,470
UBS ETF FTSE 100 UCITS December 2019
ETF-JDR 30 12
FY ended 9,892 71 9,820 7,044
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 17,644 49 17,595 4,162
UBS ETF MSCI Pacific (ex December 2019
Japan) UCITS ETF-JDR 30 12
FY ended 18,794 50 18,743 4,043
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 127,890 84 127,805 2,494
UBS ETF MSCI Switzerland December 2019
20/35 UCITS ETF-JDR 30 12
FY ended 80,029 324 79,705 1,903
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 264,011 45 263,965 3,224
UBS ETF MSCI United December 2019
Kingdom UCITS ETF-JDR 30 12
FY ended 77,467 421 77,045 2,724
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 64,937 27 64,909 33,398
UBS ETF MSCI USA UCITS December 2019
ETF-JDR 30 12
FY ended 56,753 498 56,255 25,581
December 2018
JPY mil. JPY mil. JPY mil. JPY
12
FY ended 129,403 96 129,306 25,575
UBS ETF MSCI World UCITS December 2019
ETF-JDR 30 12
FY ended 110,012 443 109,568 20,417
December 2018
ETF
(4) Creation and Redemption of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
No. of Issued No. of Units No. of Units No. of Issued Units at End of
Units at End of
Created Redeemed Calculation Period
Previous
( ) ( ) ( )
Calculation
Period
( )
000 units 000 units 000 units 000 units
12
FY ended 105 28 35 98
UBS ETF EURO STOXX 50
UCITS ETF-JDR December 2019
000 units 000 units 000 units 000 units
12
UBS ETF MSCI Europe FY ended 43 0 0 43
December 2019
UCITS ETF-JDR
000 units 000 units 000 units 000 units
12
FY ended 4 0 0 4
UBS ETF MSCI EMU UCITS December 2019
ETF-JDR
000 units 000 units 000 units 000 units
12
FY ended 3 0 0 3
UBS ETF MSCI EMU Small
Cap UCITS ETF-JDR December 2019
000 units 000 units 000 units 000 units
12
UBS ETF FTSE 100 UCITS FY ended 5 0 0 5
December 2019
ETF-JDR
000 units 000 units 000 units 000 units
12
FY ended 29 2 0 31
UBS ETF MSCI Pacific (ex December 2019
Japan) UCITS ETF-JDR
000 units 000 units 000 units 000 units
12
FY ended 76 0 0 76
UBS ETF MSCI Switzerland
20/35 UCITS ETF-JDR December 2019
000 units 000 units 000 units 000 units
12
UBS ETF MSCI United FY ended 31 0 0 31
December 2019
Kingdom UCITS ETF-JDR
000 units 000 units 000 units 000 units
12
FY ended 5 0 0 5
UBS ETF MSCI USA UCITS December 2019
ETF-JDR
000 units 000 units 000 units 000 units
12
UBS ETF MSCI World UCITS FY ended 4 0 0 4
December 2019
ETF-JDR
ETF
(5) Dividend Payment of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
1
Dividend per 1 unit
JPY
12
FY ended 22
UBS ETF EURO STOXX 50 December 2019
UCITS ETF-JDR 6
SAN ended June 105
2019
30 12
FY ended 22
December 2018
JPY
12
FY ended 57
UBS ETF MSCI Europe December 2019
UCITS ETF-JDR 6
SAN ended June 180
2019
30 12
FY ended 54
December 2018
JPY
12
FY ended 58
UBS ETF MSCI EMU UCITS December 2019
ETF-JDR 6
SAN ended June 351
2019
30 12
FY ended 57
December 2018
JPY
12
FY ended 33
UBS ETF MSCI EMU Small December 2019
Cap UCITS ETF-JDR 6
SAN ended June 211
2019
30 12
FY ended 30
December 2018
JPY
12
FY ended 181
UBS ETF FTSE 100 UCITS December 2019
ETF-JDR 6
SAN ended June 218
2019
30 12
FY ended 163
December 2018
JPY
12
FY ended 79
UBS ETF MSCI Pacific (ex December 2019
Japan) UCITS ETF-JDR 6
SAN ended June 102
2019
30 12
FY ended 83
December 2018
JPY
12
FY ended 0
UBS ETF MSCI Switzerland December 2019
20/35 UCITS ETF-JDR 6
SAN ended June 33
2019
30 12
FY ended 0
December 2018
JPY
12
FY ended 50
UBS ETF MSCI United December 2019
Kingdom UCITS ETF-JDR 6
SAN ended June 60
2019
30 12
FY ended 45
December 2018
JPY
12
FY ended 202
UBS ETF MSCI USA UCITS December 2019
ETF-JDR 6
SAN ended June 186
2019
30 12
FY ended 192
December 2018
JPY
12
FY ended 163
UBS ETF MSCI World UCITS December 2019
ETF-JDR 6
SAN ended June 242
2019
30 12
FY ended 154
December 2018
ETF 6 7 30
12 2 1 31
The record date for the interim dividend for the SAN ended June 2019 was July 30, 2019. The record date for the
annual dividend for the FY ended December 2019 was January 31, 2020.
ETF 12 2 3 13
The start date of dividend payment on the Listed Foreign ETF Trust Beneficiary Certificates (JDR) of the annual dividend for the
FY ended December 2019 was March13, 2020.
2 4 3 UFJ
1 108.11 1 133.85 1 110.90 1
117.18
Note: Conversion from United States Dollar ("USD"), Pound Sterling ( GBP ), Swiss Franc ( CHF ) and Euro ( EUR )
to Japanese Yen ( JPY ) is by the telegraphic transfer middle rate of MUFG Bank, Ltd. as of 3 April 2020 (USD 1
= JPY 108.11, GBP 1 = JPY 133.85, CHF 1 = JPY 110.90, EUR 1 = JPY 117.18) for convenience.
ETF
2. Change in Accounting Policies of Trust Asset Foreign ETF
(1)Changes accompanying revision to accounting standards, etc. No
(2)Changes other than those in (1) No
Annual Report 2019
Investment Company under Luxembourg Law (SICAV)
UBS ETF
Audited Annual Report as of 31 December 2019
UBS ETF – EURO STOXX 50 UCITS ETF UBS ETF – MSCI Pacific Socially Responsible UCITS ETF
UBS ETF – MSCI Europe UCITS ETF UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF
UBS ETF – MSCI EMU UCITS ETF UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF
UBS ETF – MSCI EMU hedged to CHF UCITS ETF UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF
UBS ETF – MSCI EMU hedged to USD UCITS ETF UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF
UBS ETF – MSCI EMU Select Factor Mix UCITS ETF UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF
UBS ETF – MSCI EMU Value UCITS ETF UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF
UBS ETF – MSCI EMU Small Cap UCITS ETF UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF
UBS ETF – Factor MSCI EMU Quality UCITS ETF UBS ETF – Markit iBoxx € Germany 1-3 UCITS ETF
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF UBS ETF – SBI® Foreign AAA-BBB 1-5 UCITS ETF
UBS ETF – FTSE 100 UCITS ETF UBS ETF – SBI® Foreign AAA-BBB 5-10 UCITS ETF
UBS ETF – MSCI United Kingdom UCITS ETF UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year
UBS ETF – MSCI United Kingdom hedged to CHF UCITS ETF UCITS ETF
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF UBS ETF – Bloomberg Barclays US Liquid Corporates Interest Rate hedged
UBS ETF – MSCI Japan UCITS ETF UCITS ETF
UBS ETF – MSCI Japan hedged to CHF UCITS ETF UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF
UBS ETF – MSCI Japan hedged to EUR UCITS ETF UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable
UBS ETF – MSCI Japan hedged to USD UCITS ETF UCITS ETF
UBS ETF – MSCI Japan Socially Responsible UCITS ETF UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF Sustainable UCITS ETF
UBS ETF – MSCI USA UCITS ETF UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS
UBS ETF – MSCI Canada UCITS ETF ETF
UBS ETF – MSCI Singapore UCITS ETF UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF
UBS ETF – MSCI Hong Kong UCITS ETF UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond
UBS ETF – MSCI Switzerland 20/35 UCITS ETF UCITS ETF
UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond
UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF UCITS ETF
UBS ETF – MSCI World UCITS ETF UBS ETF – Sustainable Development Bank Bonds UCITS ETF
UBS ETF – MSCI Emerging Markets UCITS ETF UBS ETF – EURO STOXX 50 ESG UCITS ETF
UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF UBS ETF – MSCI China ESG Universal UCITS ETF
UBS ETF – MSCI World Socially Responsible UCITS ETF UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF
UBS ETF – MSCI USA Socially Responsible UCITS ETF UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF
UBS ETF – MSCI EMU Socially Responsible UCITS ETF
No subscriptions can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of
the current Prospectus supplemented by the latest Annual Report and latest Semi-Annual Report if published
thereafter.
RCS Number: B-83626
Audited Annual Report as of 31 December 2019
Contents
Page
Management and Administration 4
Letter to Shareholders 6
Performance tables 9
Audit report 15
Statement of Net Assets 19
Statement of Operations 53
Statement of Changes in Net Assets 70
Schedule of Investments — UBS ETF – EURO STOXX 50 UCITS ETF 92
Schedule of Investments — UBS ETF – MSCI Europe UCITS ETF 94
Schedule of Investments — UBS ETF – MSCI EMU UCITS ETF 104
Schedule of Investments — UBS ETF – MSCI EMU hedged to CHF UCITS ETF 110
Schedule of Investments — UBS ETF – MSCI EMU hedged to USD UCITS ETF 116
Schedule of Investments — UBS ETF – MSCI EMU Select Factor Mix UCITS ETF 122
Schedule of Investments — UBS ETF – MSCI EMU Value UCITS ETF 134
Schedule of Investments — UBS ETF – MSCI EMU Small Cap UCITS ETF 138
Schedule of Investments — UBS ETF – Factor MSCI EMU Quality UCITS ETF 147
Schedule of Investments — UBS ETF – Factor MSCI EMU Prime Value UCITS ETF 150
Schedule of Investments — UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF 153
Schedule of Investments — UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF 156
Schedule of Investments — UBS ETF – FTSE 100 UCITS ETF 158
Schedule of Investments — UBS ETF – MSCI United Kingdom UCITS ETF 161
Schedule of Investments — UBS ETF – MSCI United Kingdom hedged to CHF UCITS ETF 164
Schedule of Investments — UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF 167
Schedule of Investments — UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF 170
Schedule of Investments — UBS ETF – MSCI Japan UCITS ETF 173
Schedule of Investments — UBS ETF – MSCI Japan hedged to CHF UCITS ETF 180
Schedule of Investments — UBS ETF – MSCI Japan hedged to EUR UCITS ETF 187
Schedule of Investments — UBS ETF – MSCI Japan hedged to USD UCITS ETF 194
Schedule of Investments — UBS ETF – MSCI Japan Socially Responsible UCITS ETF 201
Schedule of Investments — UBS ETF – MSCI Pacific (ex Japan) UCITS ETF 204
Schedule of Investments — UBS ETF – MSCI USA UCITS ETF 208
Schedule of Investments — UBS ETF – MSCI Canada UCITS ETF 220
Audited Annual Report as of 31 December 2019
Contents (continued)
Page
Schedule of Investments — UBS ETF – MSCI Singapore UCITS ETF 223
Schedule of Investments — UBS ETF – MSCI Hong Kong UCITS ETF 225
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 UCITS ETF 227
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF 229
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF 231
Schedule of Investments — UBS ETF – MSCI World UCITS ETF 233
Schedule of Investments — UBS ETF – MSCI Emerging Markets UCITS ETF 261
Schedule of Investments — UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF 283
Schedule of Investments — UBS ETF – MSCI World Socially Responsible UCITS ETF 288
Schedule of Investments — UBS ETF – MSCI USA Socially Responsible UCITS ETF 296
Schedule of Investments — UBS ETF – MSCI EMU Socially Responsible UCITS ETF 300
Schedule of Investments — UBS ETF – MSCI Pacific Socially Responsible UCITS ETF 303
Schedule of Investments — UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF 306
Schedule of Investments — UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF 308
Schedule of Investments — UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF 309
Schedule of Investments — UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF 311
Schedule of Investments — UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF 312
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF 313
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF 314
Schedule of Investments — UBS ETF – Markit iBoxx € Germany 1-3 UCITS ETF 315
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF 316
Schedule of Investments — UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF 324
Schedule of Investments — UBS ETF – SBI Foreign AAA-BBB 1-5 UCITS ETF
®
328
Schedule of Investments — UBS ETF – SBI® Foreign AAA-BBB 5-10 UCITS ETF 334
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS
ETF 338
Schedule of Investments — UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF 347
Schedule of Investments — UBS ETF – Bloomberg Barclays US Liquid Corporates Interest Rate hedged
UCITS ETF 351
Schedule of Investments — UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF 352
Schedule of Investments — UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable
UCITS ETF 361
Audited Annual Report as of 31 December 2019
Contents (continued)
Page
Schedule of Investments — UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates
Sustainable UCITS ETF 367
Schedule of Investments — UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS
ETF 379
Schedule of Investments — UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF 394
Schedule of Investments — UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond
UCITS ETF 406
Schedule of Investments — UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond
UCITS ETF 414
Schedule of Investments — UBS ETF – Sustainable Development Bank Bonds UCITS ETF 421
Schedule of Investments — UBS ETF – EURO STOXX 50 ESG UCITS ETF 423
Schedule of Investments — UBS ETF – MSCI China ESG Universal UCITS ETF 425
Schedule of Investments — UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF 434
Schedule of Investments — UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF 440
Notes to Financial Statements 444
Appendix I - Supplementary Information (unaudited) 520
Appendix II - Remuneration Policy (unaudited) 543
Sales Restrictions
Shares of these Sub-Funds may not be offered, sold or distributed within the United States of America.
The applicable selling restrictions are set out in the sales prospectus.
Management and Administration
Registered Office Paying Agent in Austria
49, Avenue J.F. Kennedy Erste Bank der oesterreichischen Sparkassen AG
L-1855 Luxembourg Am Belvedere 1, A-1100 Vienna
R.C.S. Luxembourg Nr. B-83626
Paying Agent in Germany
Portfolio Managers of Sub-Funds
UBS Europe SE
UBS Asset Management (UK) Ltd Bockenheimer Landstrasse 2-4, D-60306 Frankfurt am Main
5 Broadgate
EC2M 2QS London, United Kingdom Paying Agent in Sweden
UBS Asset Management Switzerland AG,
Bahnhofstrasse 45, CH-8098 Zurich, Switzerland UBS Europe SE
Regeringsgatan 38, 111 56 Stockholm
UBS Asset Management (Americas) Inc.
UBS Tower, One North Wacker Drive Paying Agent in Switzerland
IL 60606, Chicago, United States
UBS Switzerland AG
Auditor Bahnhofstrasse 45, CH-8098 Zurich
and its branches in Switzerland
PricewaterhouseCoopers, Société coopérative
2, rue Gerhard Mercator Paying Agent in Liechtenstein
B.P. 1443
L-1014 Luxembourg Liechtensteinische Landesbank AG
Städtle 44, FL-9490 Vaduz
Depositary
Paying Agent in the United Kingdom
State Street Bank Luxembourg S.C.A.*
49, Avenue J.F. Kennedy UBS Asset Management (UK) Ltd
L-1855 Luxembourg 5, Broadgate, EC2M 2QS London
State Street Bank International GmbH, Luxembourg Branch* Paying Agent in Belgium
49, avenue J.F. Kennedy
L-1855 Luxembourg
BNP Paribas Securities Services S.C.A.,
Brussels branch
Board of Directors Rue de Loxum, 25, 1000 Brussels
• Mr Clemens Reuter (Chairman) Distributor
Managing Director, UBS Asset Management Switzerland AG**,
Zurich
UBS Asset Management Switzerland AG
• Mr Frank Müsel (Vice-Chairman) Bahnhofstrasse 45, CH-8098 Zurich, Switzerland
Executive Director, UBS Asset Management Switzerland AG**,
Zurich Representation Agent in Austria
• Mr Ian Ashment Erste Bank der oesterreichischen Sparkassen AG
Managing Director, UBS Asset Management (UK) Ltd, London Am Belvedere 1, A-1010 Vienna
• Mr Andreas Haberzeth Information Agent in Germany
Executive Director, UBS Asset Management Switzerland AG**,
Zurich UBS Europe SE
Bockenheimer Landstrasse 2-4
• Mr Jörgen Jessen D-60306 Frankfurt am Main
Independent Board Member, Grevenmacher
Representation Agent in Switzerland
Management Company
UBS Fund Management (Switzerland) AG
UBS Fund Management (Luxembourg) S.A. Aeschenplatz 6, CH-4052 Basel
33A, Avenue J.F. Kennedy
L-1855 Luxembourg Centralising and Financial Agent in France
R.C.S. Luxemburg N° B 154 210
Société Générale S.A.
Company Administrator, Domiciliary, Depositary, 29, Boulevard Haussmann,
Corporate and Paying Agent F-75009 Paris
State Street Bank Luxembourg S.C.A.* Representation and Paying Agent in Spain
49, Avenue J.F. Kennedy
L-1855 Luxembourg UBS Europe SE
4, Calle Maria de Molina, 3 planta
State Street Bank International GmbH, Luxembourg Branch* 28006 Madrid
49, avenue J.F. Kennedy
L-1855 Luxembourg Representation Agent in Portugal
Best – Banco Electrónico de Serviço Total, S.A.
Praça Marquês de Pombal, 3A - 3º
1250-161 Lisboa
Portugal
4
Management and Administration
Legal Advisers Securities Lending Agent
as to Luxembourg Law
State Street Bank International GmbH Frankfurt Branch,
Clifford Chance Solmsstrasse 83, 60486 Frankfurt am Main, Germany
10, boulevard G.D. Charlotte
B.P. 1147
L-1011 Luxembourg
*State Street Bank Luxembourg S.C.A. completed an internal restructure as of 4 November 2019. Refer to Note 25 for further
details.
**The Swiss UBS asset management business was transferred from UBS AG to UBS Asset Management Switzerland AG, a
member of UBS Group. The transfer became effective on June 17th, 2019.
UBS Asset Management Switzerland AG is a FINMA approved asset manager of collective investment schemes.
Shareholders may obtain the Prospectus, the Key Investor Information Document (KIID), the latest annual and semi-annual reports,
the changes in the composition of the securities portfolio during the reporting period and copies of the Memorandum and Articles of
Association free of charge from the registered office of the Manager, the Administrator, or the local representatives in the
countries where the Company is registered and in Switzerland at UBS Switzerland AG, Bahnhofstrasse 45, 8098 Zurich,
Switzerland.
5
Annual report as of 31 December 2019
Letter to Shareholders
We are pleased to present the 18th annual report for the UBS Exchange Traded Funds (UBS ETF)
covering the reporting period from 1 January 2019 to 31 December 2019. We look back on a positive
year for financial equity markets across the globe. Most bond markets performed very well during 2019,
as key central banks confirmed they would step in when necessary to prevent a global recession and
followed through with rate cuts. Government bond yields fell sharply across the globe as a result and
credit spreads tightened in search for yield. UBS ETF's AuM increased during the year.
The Fund range saw total net inflows of EUR 9,5 billion, increasing the total AuM in UBS ETFs to EUR
34,7 billion as at 31 December 2019.
In 2019, we have set our focus on the development of innovative ESG-oriented equity and fixed income
ETFs. We have launched the ESG version of the well-known Euro Stoxx 50 blue chip index and also
introduced the first China equity ETF applying the MSCI ESG Universal index methodology. Finally, and
with the addition of the first investment grade and ESG filtered Emerging Markets debt ETF and the
Global Government ESG Liquid Bond ETF, both on benchmarks administered by J.P. Morgan, we have
completed our offering of Fixed Income Emerging Markets ETFs during the reporting period.
In 2019, UBS ETF fortified its position as the #4 ETF provider in Europe with record inflows, and
continued product shelf expansion. ETF Sales activities in Europe will continue to focus on our core
markets, the Strategic Markets of Scandinavia, France and Israel, as well as Japan and greater Asia
(serviced out of Hong Kong). UBS ETFs will focus on established client relationships in all markets, a
growing leadership position in Sustainable ETF Investing, an expanding Fixed Income offering that
recorded record inflows in 2019, as well as on efforts to offer clients a broad shelf of choice. Passive
Investing, and ETFs in particular, remain a focus of UBS Asset Management in its continued efforts to
position itself as a global asset manager.
In the first quarter of 2019, the rate of acceleration in global economic growth moderated as financial
conditions tightened and as trade tensions impacted business sentiment and overall demand. While the
US economy was clearly stronger than its major counterparts, macro economic data had been soft
across the Eurozone, China and the US. Recent signaling on interest rate policy from the Fed was
confirmed during March, as it ruled out further rate rises in 2019 and cut its outlook for economic growth.
Amidst signs of further softening in economy activity, other central banks confirmed more downbeat
prospects for the global economy. The European Central Bank signaled interest rates would not rise as
soon as planned and monetary policymakers in countries such as New Zealand and Canada also struck
more cautious notes.
Equity markets enjoyed a strong quarter with rises across much of the globe as anticipated market
volatility fell back to levels seen prior to the turbulence of late last year. Sentiment was boosted by dovish
signals from key central banks. Corporate earnings reported in the US broadly remained ahead of
expectations, although they were more mixed in other markets such as the Eurozone and Japan.
Sentiment towards emerging markets was positive as the year began and despite a positive return over
the three months, concern over the outlook for economic growth tended to limit gains relative to
developed markets.
Bond markets also had a positive quarter, as changes in central bank policy meant the likelihood of
imminent interest rate rises was judged to fall across a number of major markets. It was also a strong
quarter for returns on credit, as both interest rate expectations fell and spreads contracted. In an
environment where investors were happy to take on risk, areas such as high yield tended to fare
particularly well. Emerging market bonds in local currency also saw good returns over the first three
months.
In the second quarter of 2019, global economic growth continued to decelerate amid the uncertainty
associated with trade and technology conflicts. While there was no interest rate cut from the Fed over the
quarter, policymakers softened their language on the interest rate outlook and Chairman Powell noted
the case for easing monetary policy had grown stronger, and pledged to act as needed. Public
statements from major central banks such as the Fed, the European Central Bank (ECB) or the Bank of
England (BoE) were seen as increasingly dovish over the quarter, pushing expectations for policy rates
downwards. The Chinese authorities used a range of monetary, fiscal and regulatory stimulus measures
to try and cushion the growth slowdown prompted by deleveraging initiatives, tighter financial sector
The figures stated in this report are historical and not necessarily indicative of future performance.
6
Annual report as of 31 December 2019
Letter to Shareholders (continued)
regulation and tariffs. A rate cut from the Fed in July was increasingly seen as almost a certainty by
money markets, and the Reserve Bank of Australia (RBA) cut rates in June.
As well as developments on trade, equity markets also shrugged off other geopolitical events. With the
exception of Japan, major developed equity markets mostly rose in value over the quarter. European
equities were particularly strong, building on the gains seen earlier in the year. The quarterly earnings
season for corporate profits was even more closely watched than usual, as the impact of earlier US tax
cuts faded amidst an uncertain economic background. It was a mixed quarter for emerging market
stocks, which delivered positive returns but lagged developed markets. A stronger US dollar tended to
weigh on sentiment earlier in the quarter, while trade concerns and fears for global growth impacted
markets seen as more exposed to ongoing tensions, such as China and South Korea.
Bond markets globally generally also enjoyed three months of strong returns. The yield on US 10 year
Treasury bonds fell below 2% for the first time in almost three years as investors grew increasingly
certain of the likelihood of policy interest rates falling later this year. Corporate bonds, high yield and
emerging market debt also rose as demand for riskier credit remained strong, finishing off a strong first
half of the year for bond investors.
In the third quarter of 2019, global economic growth continued to decelerate amid the uncertainty
associated with global trade and technology conflicts. Geopolitical risks remained elevated amidst a
more uncertain economic backdrop. The US-China conflict over trade and technology remained fluid
and a meaningful risk to business confidence, which impacted investment and weighed on broader
economic activity. While the Fed delivered on expectations of a further policy rate cut of 0.25% at its
September meeting, the fact that policymakers did not signpost more easing later in the year gave
markets pause and caused government bond yields to tick upwards. This was despite moves from other
key central banks worldwide, such as the ECB, to loosen monetary policy as their concerns on the
outlook for economic growth deepened.
Equity markets continued to deliver a positive return in the third quarter, after a good start and finish to
the quarter offset falls in August. 2019 remained a very strong year for investors to date despite spells of
pronounced volatility. In contrast to recent periods, areas such as value companies and small-cap
stocks did best and previously favoured sectors such as technology tended to struggle. There was slow
progress in the ongoing trade dispute between the US and China, which continued to have a major
impact on sentiment against an uncertain economic backdrop. While global equities advanced overall
during the third quarter, it was noticeable that emerging markets again lagged and actually fell in value
over the three months.
Despite reversing somewhat in September, government bond markets enjoyed another strong quarter of
returns. A collapse in long-term yields led to concern over the signaling effect of the resulting inversion of
the US yield curve, with two year yields greater than those on 10 year bonds. This situation has been a
leading signal of economic distress in the past, notably ahead of the global financial crisis. Falls in
government bonds yields also meant investment grade credit produced notably positive returns for the
quarter as investors hunted for yield. The lower duration and higher economic sensitivity of high yield
bonds meant gains here were more limited. Emerging market bonds also advanced, although the US
dollar strength tended to weigh on hard currency debt in comparison to that issued in local currency.
In the fourth quarter of 2019, geopolitics continued to represent both risk and opportunity. Brexit and the
US/China trade stand-off were the headline stories of 2019. However, the probability of a worst case
scenario on both issues diminished. The risks of a breakdown in the US-China Phase 1 agreement, or
an escalation of US tariff threats on other regions remained non-negligible. Headlines around the US
presidential election will also likely prompt bouts of volatility in 2020. The US Federal Reserve (Fed)
delivered the expected further monetary policy support with a cut in policy rates of 0.25% in October.
However, it was noticeable that the Fed signaled that loosening moves are over for the moment as they
look for confidence to improve amidst a strong backdrop from the labour market and consumer
spending.
Equity markets worldwide enjoyed another strong quarter, finishing a bumper year for many markets on
an upbeat note. December was the tenth calendar month of positive returns during 2019, as measured
by the MSCI World in local currency. Overall, the index was up over a quarter during the year with most
The figures stated in this report are historical and not necessarily indicative of future performance.
7
Annual report as of 31 December 2019
Letter to Shareholders (continued)
major markets advancing strongly. Markets seen as most exposed to an improvement in the global
growth outlook were amongst those to fare best over the quarter. In contrast to the pattern for much of
2019, emerging markets outperformed their developed counterparts. Commodity markets also saw
advances to round off 2019. More economically exposed markets such as copper and oil did best, but
even gold, often seen as a hedge in times of uncertainty, rose in value despite the more positive mood.
Returns to bond investors also continued to follow the pattern seen towards the end of the third quarter.
Yields on government bonds rose further from the historic lows seen over the summer, although these
still hovered around or below zero in many large markets such as Germany and Japan as the year
ended. The brighter economic mood also saw an end to the inversion of the US yield curve, which had
been widely discussed as a portent of possible economic distress in the third quarter, with 10 year bonds
again yielding more than their 2 year counterparts. Emerging market debt in both hard and local
currency shrugged off outbreaks of unrest in a number of major economies to deliver a positive return
over the quarter. The reduced likelihood of further increases in US interest rates acted to boost many
emerging market currencies such as the Brazilian real, the Russian ruble and the Mexican peso versus
the dollar over the three months.
Our UBS ETFs seek to closely track the performance of the underlying market indices. The investment
returns of the Sub-Funds reflected the underlying market environment in 2019 and are shown in the
table on the following page, expressed in the base currency of each share class as well as the tracking
difference and the tracking error.
We thank you for the confidence you have shown in our family of UBS exchange-traded funds. We look
forward to your continued support and to meeting your investment goals in the years ahead.
Sincerely, 27 February 2020
Chairman of the Board of Directors
The figures stated in this report are historical and not necessarily indicative of future performance.
8
Annual report as of 31 December 2019
Performance tables
Performance from 1 January 2019 to 31 December 2019
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (audited)
UBS ETF – EURO STOXX 50 UCITS ETF (EUR) A-dis 28.74 28.20 0.54 0.28 0.15
UBS ETF – MSCI Europe UCITS ETF (EUR) A-dis 26.22 26.05 0.17 0.14 0.20
UBS ETF – MSCI Europe UCITS ETF (hedged to CHF) A-acc 23.03 23.07 (0.04) 0.15 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to EUR) A-acc 23.42 23.35 0.07 0.14 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to USD) A-acc 27.00 27.08 (0.08) 0.18 0.30
UBS ETF – MSCI EMU UCITS ETF (EUR) A-dis 25.92 25.47 0.45 0.26 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-acc 25.93 25.47 0.46 0.26 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-UKdis 25.92 25.47 0.45 0.26 0.18
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-dis 26.52 26.22 0.30 0.28 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-acc 26.53 26.22 0.31 0.28 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to SGD) A-acc 28.51 28.21 0.30 0.27 0.28
UBS ETF – MSCI EMU hedged to CHF UCITS ETF (CHF) A-acc 25.40 25.20 0.20 0.26 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-dis 29.45 29.21 0.24 0.28 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-acc 29.44 29.21 0.23 0.28 0.28
UBS ETF – MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc 25.88 25.76 0.12 0.21 0.34
UBS ETF – MSCI EMU Value UCITS ETF (EUR) A-dis 18.72 18.18 0.54 0.36 0.25
UBS ETF – MSCI EMU Small Cap UCITS ETF (EUR) A-dis 28.36 28.21 0.15 0.14 0.33
UBS ETF – Factor MSCI EMU Quality UCITS ETF (EUR) A-dis 30.85 30.80 0.05 0.15 0.28
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-acc 30.43 30.60 (0.17) 0.15 0.38
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-acc 34.68 34.81 (0.13) 0.17 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis 23.52 23.08 0.44 0.36 0.28
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-acc 23.23 22.99 0.24 0.35 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-acc 27.19 26.89 0.30 0.37 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis 22.94 22.68 0.26 0.19 0.28
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-acc 22.33 22.30 0.03 0.20 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-acc 26.36 26.26 0.10 0.19 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis 19.75 19.24 0.51 0.40 0.28
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to CHF) A-acc 19.32 19.01 0.31 0.40 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to USD) A-acc 23.20 22.83 0.37 0.41 0.38
UBS ETF – FTSE 100 UCITS ETF (GBP) A-dis 17.00 17.32 (0.32) 0.04 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-dis 16.12 16.37 (0.25) 0.08 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-acc 16.10 16.37 (0.27) 0.08 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-UKdis 16.12 16.37 (0.25) 0.08 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to SGD) A-acc 17.28 17.75 (0.47) 0.10 0.30
UBS ETF – MSCI United Kingdom hedged to CHF UCITS ETF (CHF) A-acc 14.18 14.73 (0.55) 0.09 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-dis 14.63 15.10 (0.47) 0.03 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-acc 14.63 15.10 (0.47) 0.03 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-dis 18.09 18.57 (0.48) 0.09 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-acc 18.09 18.57 (0.48) 0.09 0.30
UBS ETF – MSCI Japan UCITS ETF (JPY) A-dis *** 18.13 18.48 (0.35) 0.04 0.35
UBS ETF – MSCI Japan UCITS ETF (JPY) A-acc *** 18.13 18.48 (0.35) 0.04 0.35
UBS ETF – MSCI Japan UCITS ETF (JPY) A-UKdis 18.13 18.48 (0.35) 0.04 0.35
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-dis *** 17.83 18.46 (0.63) 0.05 0.45
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-acc *** 17.83 18.46 (0.63) 0.04 0.45
UBS ETF – MSCI Japan UCITS ETF (hedged to SGD) A-acc *** 19.62 20.33 (0.71) 0.10 0.45
UBS ETF – MSCI Japan hedged to CHF UCITS ETF (CHF) A-acc *** 16.78 17.48 (0.70) 0.06 0.45
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-dis *** 16.94 17.63 (0.69) 0.06 0.45
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-acc *** 16.94 17.63 (0.69) 0.06 0.45
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-dis *** 20.54 21.28 (0.74) 0.09 0.45
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-acc *** 20.54 21.28 (0.74) 0.09 0.45
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis 22.41 22.97 (0.56) 0.05 0.40
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (JPY) A-acc ** 1.96 2.03 (0.07) N/A* 0.40
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-dis 20.99 21.91 (0.92) 0.09 0.50
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to EUR) A-acc 21.16 22.01 (0.85) 0.07 0.50
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to USD) A-acc 24.93 25.88 (0.95) 0.11 0.50
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis 18.08 18.36 (0.28) 0.06 0.30
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-acc ** 2.44 2.48 (0.04) N/A* 0.30
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis 18.08 18.36 (0.28) 0.06 0.30
UBS ETF – MSCI USA UCITS ETF (USD) A-dis 30.72 30.88 (0.16) 0.02 0.14
UBS ETF – MSCI USA UCITS ETF (USD) A-UKdis 30.71 30.88 (0.17) 0.02 0.14
UBS ETF – MSCI Canada UCITS ETF (CAD) A-dis 20.95 21.05 (0.10) 0.09 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-acc 20.95 21.05 (0.10) 0.09 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-UKdis 20.95 21.05 (0.10) 0.09 0.33
UBS ETF – MSCI Canada UCITS ETF (hedged to CHF) A-acc 18.19 18.60 (0.41) 0.13 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to EUR) A-acc 18.60 18.87 (0.27) 0.10 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to GBP) A-dis 19.53 19.81 (0.28) 0.09 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to GBP) A-acc 19.54 19.81 (0.27) 0.10 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to USD) A-acc 22.10 22.39 (0.29) 0.09 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to SGD) A-acc 21.27 21.56 (0.29) 0.10 0.43
UBS ETF – MSCI Singapore UCITS ETF (SGD) A-dis 12.98 13.45 (0.47) 0.06 0.45
UBS ETF – MSCI Hong Kong UCITS ETF (HKD) A-dis 9.34 9.81 (0.47) 0.02 0.45
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis 29.81 29.98 (0.17) 0.04 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc 29.81 29.98 (0.17) 0.03 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis 29.81 29.98 (0.17) 0.04 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-dis 31.29 31.56 (0.27) 0.05 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-acc 31.29 31.56 (0.27) 0.05 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to SGD) A-acc 33.12 33.38 (0.26) 0.05 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-dis 30.12 30.39 (0.27) 0.03 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-acc 30.12 30.39 (0.27) 0.03 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-dis 34.00 34.28 (0.28) 0.06 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-acc 34.00 34.28 (0.28) 0.06 0.30
UBS ETF – MSCI World UCITS ETF (USD) A-dis 27.48 27.67 (0.19) 0.03 0.30
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-dis 18.61 18.81 (0.20) 0.19 0.23
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-acc 18.61 18.81 (0.20) 0.19 0.23
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-UKdis 18.61 18.81 (0.20) 0.19 0.23
UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis 11.18 11.74 (0.56) 0.21 0.35
UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-acc ** 4.66 4.87 (0.21) N/A* 0.35
UBS ETF – MSCI World Socially Responsible UCITS ETF (USD) A-dis 28.66 28.81 (0.15) 0.04 0.25
UBS ETF – MSCI World Socially Responsible UCITS ETF (USD) A-acc 28.66 28.81 (0.15) 0.04 0.25
UBS ETF – MSCI USA Socially Responsible UCITS ETF (USD) A-dis *** 29.65 30.07 (0.42) 0.01 0.33
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-dis *** 25.32 25.91 (0.59) 0.06 0.43
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-acc *** 25.31 25.91 (0.60) 0.06 0.43
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-dis *** 25.64 26.16 (0.52) 0.04 0.43
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (EUR) A-dis 30.69 30.30 0.39 0.25 0.28
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (EUR) A-acc 30.70 30.30 0.40 0.25 0.28
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-dis 30.14 29.99 0.15 0.25 0.38
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-acc 30.15 29.99 0.16 0.24 0.38
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to USD) A-acc 34.46 34.15 0.31 0.26 0.38
UBS ETF – MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis 24.33 24.85 (0.52) 0.06 0.40
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis 3.46 3.59 (0.13) 0.02 0.12
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-acc 3.46 3.59 (0.13) 0.02 0.12
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (hedged to EUR) A-dis 0.38 0.55 (0.17) 0.03 0.17
UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis 8.42 8.50 (0.08) 0.05 0.12
UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-acc 8.42 8.50 (0.08) 0.05 0.12
UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF (hedged to EUR) A-dis 11.44 11.72 (0.28) 0.03 0.25
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-dis 6.68 6.85 (0.17) 0.04 0.15
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-acc 6.69 6.85 (0.16) 0.04 0.15
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to CHF) A-acc 3.02 3.26 (0.24) 0.04 0.20
9
Annual report as of 31 December 2019
Performance tables (continued)
Performance from 1 January 2019 to 31 December 2019 (continued)
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (audited)
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to EUR) A-acc 3.52 3.71 (0.19) 0.04 0.20
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to GBP) A-acc 4.81 5.02 (0.21) 0.04 0.20
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF (USD) A-dis 17.13 17.40 (0.27) 0.05 0.20
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF (hedged to GBP) A-dis ** 13.02 13.28 (0.26) N/A* 0.25
UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF (EUR) A-dis 3.45 3.69 (0.24) 0.18 0.20
UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF (EUR) A-dis 12.29 12.36 (0.07) 0.21 0.20
UBS ETF – Markit iBoxx € Germany 1-3 UCITS ETF (EUR) A-dis (0.93) (0.73) (0.20) 0.01 0.17
UBS ETF – Markit iBoxx € Liquid Corporates UCITS ETF(EUR) A-dis***,**** 4.04 4.03 0.01 0.15 0.18
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF (EUR) A-dis ***, **** 3.92 3.94 (0.02) 0.15 0.18
UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF (EUR) A-dis 3.03 3.16 (0.13) 0.04 0.17
UBS ETF – SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis 0.72 0.91 (0.19) 0.03 0.20
UBS ETF – SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis 2.74 2.84 (0.10) 0.08 0.20
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) A-dis 3.03 3.24 (0.21) 0.02 0.18
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-
acc 2.53 2.82 (0.29) 0.03 0.23
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to USD) A-
acc 6.06 6.35 (0.29) 0.04 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis 7.46 7.66 (0.20) 0.03 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-acc 7.46 7.66 (0.20) 0.04 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-acc 3.81 4.05 (0.24) 0.05 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to EUR) A-acc 4.27 4.49 (0.22) 0.04 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to GBP) A-dis 5.49 5.77 (0.28) 0.03 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates Interest Rate hedged UCITS ETF (USD) A-dis 10.04 10.69 (0.65) 0.15 0.05
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-dis 16.77 16.99 (0.22) 0.04 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-acc 16.79 16.99 (0.20) 0.04 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-acc 12.80 13.03 (0.23) 0.05 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-acc 13.36 13.57 (0.21) 0.05 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-dis 14.69 14.97 (0.28) 0.04 0.23
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis 15.73 16.04 (0.31) 0.04 0.20
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-acc ** 0.40 0.50 (0.10) N/A* 0.20
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to CHF)
A-dis 11.75 12.12 (0.37) 0.04 0.25
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR)
A-acc 12.34 12.66 (0.32) 0.04 0.25
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to GBP)
A-dis 13.67 14.05 (0.38) 0.04 0.25
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-
dis 7.53 7.74 (0.21) 0.07 0.20
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-
acc 7.54 7.74 (0.20) 0.07 0.20
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to
CHF) A-dis 6.94 7.28 (0.34) 0.07 0.25
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to
CHF) A-acc 6.99 7.28 (0.29) 0.07 0.25
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD) A-dis 14.05 14.24 (0.19) 0.28 0.42
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD) A-acc 14.09 14.24 (0.15) 0.29 0.42
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to CHF) A-acc 10.14 10.32 (0.18) 0.31 0.47
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to EUR) A-acc 10.62 10.80 (0.18) 0.30 0.47
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to GBP) A-dis 11.83 12.12 (0.29) 0.28 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis 7.64 7.80 (0.16) 0.31 0.42
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to CHF) A-acc 4.03 4.26 (0.23) 0.31 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-dis ** 1.05 1.06 (0.01) N/A* 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-acc 4.39 4.64 (0.25) 0.31 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to GBP) A-dis 5.60 5.86 (0.26) 0.31 0.47
UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis 13.41 13.64 (0.23) 0.42 0.47
UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-acc ** 8.86 8.88 (0.02) N/A* 0.47
UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond UCITS ETF (EUR) A-dis 1.26 1.48 (0.22) 0.03 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (USD) A-dis 4.93 5.10 (0.17) 0.04 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (USD) A-acc 4.93 5.10 (0.17) 0.04 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to CHF) A-acc ** 0.84 0.91 (0.07) N/A* 0.23
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to EUR) A-acc ** 1.16 1.23 (0.07) N/A* 0.23
UBS ETF – EURO STOXX 50 ESG UCITS ETF (EUR) A-dis 7.62 7.68 (0.06) N/A* 0.15
UBS ETF – MSCI China ESG Universal UCITS ETF (USD) A-dis ** 8.34 8.79 (0.45) N/A* 0.65
UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc ** 3.12 3.03 0.09 N/A* 0.45
UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (hedged to EUR) A-acc ** 1.94 1.90 0.04 N/A* 0.50
UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc ** (0.37) (0.30) (0.07) N/A* 0.15
* The ETF Share Class was launched less than 12 months before the end of the reporting year. Therefore, no tracking error (ex post) has been calculated for this ETF Share Class.
** The ETF Share Class launched during the reporting year, see Note 1 for further details.
*** Management fee changes took place during the reporting year. Please see more details in Note 3.
**** Effective 1 April 2019 the index changed from Markit iBoxx € Liquid Corporates Index (IB8A) to Bloomberg Barclays Euro Area Liquid Corporates Index (BELQTREU).
1) The figures relating to the performances of the Sub-Funds reflect the percentages changes of official NAV's per shares (cum dividends) over the reporting period. 31 December was the last official NAV's per
shares unless otherwise stated. The same period was used for the figures relating to the performance of the tracked index.
2) The tracking difference is attributable to fund expenses (see "TER"), as well as non reclaimable withholding taxes and to generation of securities lending income.
The Sub-Fund's portfolio manager aims to achieve a level of tracking accuracy whereby the expected annual difference in returns, after expenses, between the performance of the shares of a Sub-Fund and that Sub-
Fund's index will not exceed 1% under normal market conditions. However, exceptional circumstances may arise which cause a Sub-Fund's tracking accuracy to exceed 1%.
3) Tracking error: annualised standard deviation.
The Sub-Fund's portfolio manager aims to keep the tracking error, defined as the volatility of the tracking difference between the performance of the shares of a Sub-Fund and that Sub-Fund's index, below or
equal to 1% under normal market conditions. However, exceptional circumstances may arise which cause a Sub-Fund's tracking error to exceed 1%.
Tracking error calculation:
The tracking error for the last 12 months is calculated as follows: =STANDARD DEVIATION(Monthly Excess calculated each month over a 12-month period)*SQUARE ROOT(12)
4) Total Expense Ratio (TER): this ratio is calculated in accordance with the Swiss Funds & Asset Management Association (SFAMA) "Guidelines on the calculation and disclosure of the TER" in the current version
and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets.
The performance of the Sub-Fund is calculated in accordance with Swiss Funds & Asset Management Association (SFAMA) guidelines.
Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming units.
10
Annual report as of 31 December 2019
Performance tables (continued)
Performance from 1 January 2018 to 31 December 2018
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (audited)
UBS ETF – EURO STOXX 50 UCITS ETF (EUR) A-dis (11.61) (12.03) 0.42 0.28 0.15
UBS ETF – MSCI Europe UCITS ETF (EUR) A-dis (10.45) (10.57) 0.12 0.14 0.20
UBS ETF – MSCI Europe UCITS ETF (hedged to CHF) A-acc (11.18) (11.18) 0.00 0.15 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to EUR) A-acc (10.84) (10.86) 0.02 0.15 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to GBP) A-acc (9.85) (9.87) 0.02 0.14 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to USD) A-acc (8.21) (8.20) (0.01) 0.14 0.30
UBS ETF – MSCI EMU UCITS ETF (EUR) A-dis (12.40) (12.71) 0.31 0.24 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-acc (12.39) (12.71) 0.32 0.24 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-UKdis (12.40) (12.71) 0.31 0.24 0.18
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-dis (11.63) (11.83) 0.20 0.24 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-acc (11.62) (11.83) 0.21 0.24 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to SGD) A-acc (10.70) (10.81) 0.11 0.23 0.28
UBS ETF – MSCI EMU hedged to CHF UCITS ETF (CHF) A-acc (12.98) (13.09) 0.11 0.23 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-dis (9.91) (10.05) 0.14 0.24 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-acc (9.90) (10.05) 0.15 0.23 0.28
UBS ETF – MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc (a) (12.00) (11.94) (0.06) N/A* 0.34
UBS ETF – MSCI EMU Value UCITS ETF (EUR) A-dis (13.97) (14.36) 0.39 0.30 0.25
UBS ETF – MSCI EMU Small Cap UCITS ETF (EUR) A-dis (17.27) (17.40) 0.13 0.15 0.33
UBS ETF – Factor MSCI EMU Quality UCITS ETF (EUR) A-dis (10.46) (10.52) 0.06 0.16 0.28
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-acc (11.12) (11.04) (0.08) 0.17 0.38
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to GBP) A-dis (9.58) (9.53) (0.05) 0.15 0.38
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-acc (7.91) (7.85) (0.06) 0.16 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (14.67) (15.02) 0.35 0.40 0.28
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-acc (15.22) (15.40) 0.18 0.40 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to GBP) A-dis (13.89) (14.13) 0.24 0.40 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-acc (12.18) (12.42) 0.24 0.39 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (6.76) (7.03) 0.27 0.23 0.28
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-acc (7.34) (7.46) 0.12 0.23 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to GBP) A-dis (5.88) (6.03) 0.15 0.23 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-acc (4.18) (4.32) 0.14 0.23 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis (12.02) (12.21) 0.19 0.33 0.28
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to CHF) A-acc (12.36) (12.41) 0.05 0.33 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to GBP) A-dis (11.22) (11.29) 0.07 0.33 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to USD) A-acc (9.36) (9.42) 0.06 0.33 0.38
UBS ETF – FTSE 100 UCITS ETF (GBP) A-dis (8.99) (8.73) (0.26) 0.03 0.20
UBS ETF – FTSE 100 UCITS ETF (GBP) A-UKdis (8.99) (8.73) (0.26) 0.03 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-dis (9.06) (8.82) (0.24) 0.03 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-acc (9.06) (8.82) (0.24) 0.03 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-UKdis (9.05) (8.82) (0.23) 0.03 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to SGD) A-acc (8.36) (7.93) (0.43) 0.05 0.30
UBS ETF – MSCI United Kingdom hedged to CHF UCITS ETF (CHF) A-acc (10.56) (10.17) (0.39) 0.05 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-dis (10.16) (9.82) (0.34) 0.04 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-acc (10.16) (9.82) (0.34) 0.04 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-dis (7.75) (7.33) (0.42) 0.05 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-acc (7.75) (7.33) (0.42) 0.05 0.30
UBS ETF – MSCI Japan UCITS ETF (JPY) A-dis (b) (15.44) (15.15) (0.29) 0.07 0.35
UBS ETF – MSCI Japan UCITS ETF (JPY) A-acc (b) (15.45) (15.15) (0.30) 0.07 0.35
UBS ETF – MSCI Japan UCITS ETF (JPY) A-UKdis (b) (15.44) (15.15) (0.29) 0.07 0.35
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-dis (b) (15.73) (15.29) (0.44) 0.10 0.45
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-acc (b) (15.74) (15.29) (0.45) 0.10 0.45
UBS ETF – MSCI Japan UCITS ETF (hedged to SGD) A-acc (b) (14.74) (14.26) (0.48) 0.13 0.45
UBS ETF – MSCI Japan hedged to CHF UCITS ETF (CHF) A-acc (b) (16.88) (16.43) (0.45) 0.08 0.45
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-dis (b) (16.54) (16.15) (0.39) 0.06 0.45
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-acc (b) (16.56) (16.15) (0.41) 0.06 0.45
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-dis (b) (14.02) (13.57) (0.45) 0.09 0.45
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-acc (b) (14.03) (13.57) (0.46) 0.09 0.45
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (b) (16.24) (15.90) (0.34) 0.04 0.40
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-dis (b) (17.74) (17.18) (0.56) 0.05 0.50
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to EUR) A-acc (b) (17.42) (16.91) (0.51) 0.05 0.50
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to USD) A-acc (b) (14.86) (14.39) (0.47) 0.09 0.50
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (10.54) (10.30) (0.24) 0.05 0.30
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis (10.54) (10.30) (0.24) 0.05 0.30
UBS ETF – MSCI USA UCITS ETF (USD) A-dis (5.18) (5.04) (0.14) 0.02 0.14
UBS ETF – MSCI USA UCITS ETF (USD) A-UKdis (5.17) (5.04) (0.13) 0.03 0.14
UBS ETF – MSCI Canada UCITS ETF (CAD) A-dis (9.92) (9.74) (0.18) 0.04 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-acc (9.92) (9.74) (0.18) 0.04 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-UKdis (9.92) (9.74) (0.18) 0.04 0.33
UBS ETF – MSCI Canada UCITS ETF (hedged to CHF) A-acc (12.07) (11.77) (0.30)