令和 2 年 12 月期 中間決算短信（令和 2 年 1 月 1 日～令和 2 年 6 月 30 日）
Interim Earnings Report for Fiscal Year ending December 2020 (January 1, 2020 – June 30, 2020)
令和 2 年 9 月 11 日
September 11, 2020
コード 上場取引所 売買単位 主要投資資産
連動対象指標
ファンド名(Fund name) 番号 (Listed (Trading (Primary
(Underlying indicator)
(Code) Exchange) unit) invested assets)
UBS ETF ユーロ圏大型株 50 ユーロ・ストックス 50®インデッ
（ユーロ・ストックス 50） クス（ネットリターン）
1385 東 1口 株式
UBS ETF EURO STOXX 50
UCITS ETF-JDR
UBS ETF 欧州株（MSCI ヨー MSCI ヨーロッパ・インデックス
ロッパ） （ネットリターン）
1386 東 1口 株式
UBS ETF MSCI Europe
UCITS ETF-JDR
UBS ETF ユーロ圏株（MSCI MSCI EMU インデックス（ネット
EMU） リターン）
1387 東 1口 株式
UBS ETF MSCI EMU UCITS
ETF-JDR
UBS ETF ユ ー ロ 圏 小 型 株 MSCI EMU 小 型 株 イ ン デッ ク ス
（MSCI EMU 小型株） （ネットリターン）
1388 東 1口 株式
UBS ETF MSCI EMU Small
Cap UCITS ETF-JDR
UBS ETF 英 国 大 型 株 100 FTSE 100 インデックス（トータ
（FTSE 100） ルリターン）
1389 東 1口 株式
UBS ETF FTSE 100 UCITS
ETF-JDR
UBS ETF MSCI アジア太平 MSCI パシフィック（除く日本）
洋株（除く日本） インデックス（ネットリターン）
1390 東 1口 株式
UBS ETF MSCI Pacific (ex
Japan) UCITS ETF-JDR
UBS ETF スイス株（MSCI ス MSCI スイス 20/35 インデックス
イス 20/35）
1391 東 1口 株式
UBS ETF MSCI Switzerland
20/35 UCITS ETF-JDR
UBS ETF 英国株（MSCI 英 MSCI 英国インデックス（ネット
国） リターン）
1392 東 1口 株式
UBS ETF MSCI United
Kingdom UCITS ETF-JDR
UBS ETF 米国株（MSCI 米 MSCI 米国インデックス（ネット
国） リターン）
1393 東 1口 株式
UBS ETF MSCI USA UCITS
ETF-JDR
UBS ETF 先進国株（MSCI ワ MSCI ワールド・インデックス
ールド） （ネットリターン）
1394 東 1口 株式
UBS ETF MSCI World UCITS
ETF-JDR
Information Classification: General
外 国 投 資 法 人 ＵＢＳ ＥＴＦ・シキャブ
代 表 者 (役職名) 取締役 (氏名) アンドレアス・ハーバーツェト
管 理 会 社 ＵＢＳファンド・マネジメント（ルクセンブルク）エス・エイ
Ｕ Ｒ Ｌ www.ubs.com/etf
代 表 者 (役職名) CEO (氏名) フランチェスカ・プリム
問合せ先責任者 (役職名) 代理人 (氏名) 大西 信治 (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
半期報告書提出予定日 令和 2 年 9 月
Scheduled submission date of Semi-annual Report: September, 2020
Information Classification: General
Ⅰ ファンドの運用状況
I Fund Management
１． 令和 2 年 6 月中間期の運用状況（令和 2 年 1 月 1 日～令和 2 年 6 月 30 日）
1. Management Status for Half-Year ended June 2020 (from January 1, 2020 to June 30, 2020)
（１）信託財産である外国 ETF の資産内訳 （百万円未満切捨て）
(1) Assets of Trust Asset Foreign ETF (amounts below 1 mil. yen are discarded)
現金・預金・その他の
主要投資資産 資産（負債控除後） 合計（純資産）
Primary Invested Assets Cash/Deposits/Other Assets Total (Net Assets)
(excluding liabilities)
構成
金額 構成比 金額 構成比 金額
比
Amount ratio Amount ratio Amount
ratio
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユーロ圏大型株 2 年 6 月中間
50（ユーロ・ストックス 期
45,256 99.71 133 0.29 45,390 100.00
50） SAN ended June
UBS ETF EURO STOXX 2020
50 UCITS ETF-JDR 元年 12 月期
FY ended 52,451 99.87 69 0.13 52,521 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 欧州株（MSCI ヨ 2 年 6 月中間
ーロッパ） 期
52,687 99.94 30 0.06 52,718 100.00
UBS ETF MSCI Europe SAN ended June
UCITS ETF-JDR 2020
元年 12 月期
FY ended 57,107 100.01 (7) (0.01) 57,100 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユ ー ロ 圏 株 2 年 6 月中間
（MSCI EMU） 期
227,121 98.57 3,304 1.43 230,426 100.00
UBS ETF MSCI EMU SAN ended June
UCITS ETF-JDR 2020
元年 12 月期
FY ended 398,478 98.92 4,362 1.08 402,841 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユーロ圏小型株 2 年 6 月中間
（MSCI EMU 小型株） 期
10,539 99.58 44 0.42 10,584 100.00
UBS ETF MSCI EMU SAN ended June
Small Cap UCITS ETF-JDR 2020
元年 12 月期
FY ended 57,107 100.01 (7) (0.01) 57,100 100.00
December 2019
Information Classification: General
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国大型株 100 2 年 6 月中間
（FTSE 100） 期
7,883 99.51 38 0.49 7,921 100.00
UBS ETF FTSE 100 UCITS SAN ended June
ETF-JDR 2020
元年 12 月期
FY ended 8,957 99.64 32 0.36 8,989 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF MSCI アジア太平 2 年 6 月中間
洋株（除く日本） 期
12,071 99.13 105 1.74 12,176 100.88
UBS ETF MSCI Pacific (ex SAN ended June
Japan) UCITS ETF-JDR 2020
元年 12 月期
FY ended 16,928 99.44 95 0.56 17,023 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF スイス株（MSCI 2 年 6 月中間
スイス 20/35） 期
162,265 99.92 137 0.08 162,402 100.00
UBS ETF MSCI Switzerland SAN ended June
20/35 UCITS ETF-JDR 2020
元年 12 月期
FY ended 132,614 99.95 65 0.05 132,680 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国株（MSCI 英 2 年 6 月中間
国） 期
193,369 99.43 1,111 0.57 194,480 100.00
UBS ETF MSCI United SAN ended June
Kingdom UCITS ETF-JDR 2020
元年 12 月期
FY ended 269,168 99.47 1,423 0.53 270,592 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 米国株（MSCI 米 2 年 6 月中間
国） 期
57,616 99.64 207 0.36 57,823 100.00
UBS ETF MSCI USA SAN ended June
UCITS ETF-JDR 2020
元年 12 月期
FY ended 62,586 99.66 215 0.34 62,802 100.00
December 2019
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 先進国株（MSCI 2 年 6 月中間
ワールド） 期
112,989 99.77 256 0.23 113,246 100.00
UBS ETF MSCI World SAN ended June
UCITS ETF-JDR 2020
元年 12 月期
FY ended 124,586 99.58 521 0.42 125,108 100.00
December 2019
Information Classification: General
（２）信託財産である外国 ETF の設定・交換実績
(2) Creation and Redemption of Trust Asset Foreign ETF
（千口未満切捨て）
(amounts below 1 thousand shares are discarded)
当中間計算期間末
前計算期間末発 発行済口数
行済口数 設定口数 交換口数
No. of Issued Shares at
No. of Issued Shares No. of Shares No. of Shares
End of Calculation
at End of Previous Created Redeemed
Period
Calculation Period (②) (③)
(①) (①
②－③)
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユーロ圏大型株 50
2 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June 11,277 703 829 11,151
UBS ETF EURO STOXX 50 2020
UCITS ETF-JDR
元年 12 月期
FY ended 15,141 350 4,213 11,277
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 欧州株（MSCI ヨー 2 年 6 月中間期
ロッパ） SAN ended June 5,803 755 560 5,998
UBS ETF MSCI Europe 2020
UCITS ETF-JDR
元年 12 月期
FY ended 4,501 1,589 287 5,803
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユーロ圏株（MSCI 2 年 6 月中間期
EMU） SAN ended June 9,583 1,060 4,606 6,038
UBS ETF MSCI EMU UCITS 2020
ETF-JDR 元年 12 月期
FY ended 16,674 2,132 9,223 9,583
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユ ー ロ 圏 小 型 株 2 年 6 月中間期
（MSCI EMU 小型株） SAN ended June 1,006 588 645 950
UBS ETF MSCI EMU Small 2020
Cap UCITS ETF-JDR 元年 12 月期
FY ended 1,408 96 498 1,006
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 大 型 株 100 2 年 6 月中間期
（FTSE 100） SAN ended June 925 75 0 1,001
UBS ETF FTSE 100 UCITS 2020
ETF-JDR 元年 12 月期
FY ended 1,119 12 206 925
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF MSCI アジア太平洋
株（除く日本） 2 年 6 月中間期
UBS ETF MSCI Pacific (ex SAN ended June 3,327 392 922 2,796
Japan) UCITS ETF-JDR 2020
元年 12 月期
FY ended 4,308 188 1,169 3,327
December 2019
Information Classification: General
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF スイス株（MSCI ス
イス 20/35） 2 年 6 月中間期
UBS ETF MSCI Switzerland SAN ended June 6,232 9,740 1,149 14,824
20/35 UCITS ETF-JDR 2020
元年 12 月期
FY ended 8,230 464 2,462 6,232
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 株 （ MSCI 英 2 年 6 月期
国） SAN ended June 1,427 470 165 1,732
UBS ETF MSCI United 2020
Kingdom UCITS ETF-JDR 元年 12 月期
FY ended 369 1,182 125 1,427
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 米 国 株 （ MSCI 米 2 年 6 月中間期
国） SAN ended June 1,926 194 290 1,829
UBS ETF MSCI USA UCITS 2020
ETF-JDR 元年 12 月期
FY ended 2,151 393 619 1,926
December 2019
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 先進国株（MSCI ワ 2 年 6 月中間期
ールド） SAN ended June 5,055 773 934 4,895
UBS ETF MSCI World UCITS 2020
ETF-JDR 元年 12 月期
FY ended 5,366 362 673 5,055
December 2019
Information Classification: General
（３）信託財産である外国 ETF の基準価額
(3) Net Asset Value of Trust Asset Foreign ETF
（百万円未満切捨て）
(amounts below 1 mil. yen are discarded)
1 口当たり基準価額
((③/当中間計算期間末
（前計算期間末）発行
総資産 負債 純資産 済口数)×1)
Total Assets Liabilities Net Assets Net Asset Value per 1 unit
(①) (②) (③(①－②)) ((③/No. of Issued Shares at
End of Calculation Period
(Previous Calculation
Period))×1)
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユーロ圏大型株 50 2 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June
UBS ETF EURO STOXX 50 2020 45,398 8 45,390 4,070
UCITS ETF-JDR
元年 12 月期
FY ended 52,530 8 52,521 4,657
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 欧州株（MSCI ヨー 2 年 6 月中間期
ロッパ） SAN ended June
UBS ETF MSCI Europe 2020 53,047 328 52,718 7,344
UCITS ETF-JDR
元年 12 月期
FY ended 57,216 115 57,100 5,041
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユーロ圏株（MSCI 2 年 6 月中間期
EMU） SAN ended June
UBS ETF MSCI EMU UCITS 2020 230,570 144 230,426 14,093
ETF-JDR
元年 12 月期
FY ended 402,951 110 402,841 3,157
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユ ー ロ 圏 小 型 株 2 年 6 月中間期
（MSCI EMU 小型株） SAN ended June
UBS ETF MSCI EMU Small 2020 10,601 17 10,584 11,137
Cap UCITS ETF-JDR
元年 12 月期
FY ended 57,216 115 57,100 5,041
December 2019
Information Classification: General
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 英 国 大 型 株 100 2 年 6 月中間期
（FTSE 100） SAN ended June
UBS ETF FTSE 100 UCITS 2020 7,925 4 7,921 7,908
ETF-JDR
元年 12 月期
FY ended 14,336 18 14,317 14,219
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF MSCI アジア太平洋 2 年 6 月中間期
株（除く日本） SAN ended June
UBS ETF MSCI Pacific (ex 2020 12,218 41 12,176 3,995
Japan) UCITS ETF-JDR
元年 12 月期
FY ended 17,071 47 17,023 4,027
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF スイス株（MSCI ス 2 年 6 月中間期
イス 20/35） SAN ended June
UBS ETF MSCI Switzerland 2020 162,609 206 162,402 2,246
20/35 UCITS ETF-JDR
元年 12 月期
FY ended 132,768 88 132,680 2,589
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 英 国 株 （ MSCI 英 2 年 6 月中間期
国） SAN ended June
UBS ETF MSCI United 2020 194,517 37 194,480 2,128
Kingdom UCITS ETF-JDR
元年 12 月期
FY ended 270,638 46 270,592 3,305
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 米 国 株 （ MSCI 米 2 年 6 月中間期
国） SAN ended June
UBS ETF MSCI USA UCITS 2020 57,850 26 57,823 31,573
ETF-JDR
元年 12 月期
FY ended 62,829 26 62,802 32,314
December 2019
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 先進国株（MSCI ワ 2 年 6 月中間期
ールド） SAN ended June
UBS ETF MSCI World UCITS 2020 120,437 7,191 113,246 23,134
ETF-JDR
元年 12 月期
FY ended 125,202 93 125,108 24,744
December 2019
Information Classification: General
（４）上場外国 ETF 信託受益証券に係る設定・交換実績
(4) Creation and Redemption of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
前計算期間
末発行済口
数 当中間計算期間末発行済
設定口数 交換口数
No. of Issued 口数
No. of Units No. of Units
Units at End of No. of Issued Units at End of
Created Redeemed
Previous Calculation Period
(②) (③)
Calculation (①＋②－③)
Period
(①)
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユーロ圏大型株 50 2 6
年 月中間期
（ユーロ・ストックス 50） SAN ended June 98 22 11 109
UBS ETF EURO STOXX 50
UCITS ETF-JDR 2020
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 欧州株（MSCI ヨー 2 年 6 月中間期
ロッパ）
UBS ETF MSCI Europe SAN ended June 43 11 8 46
2020
UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユーロ圏株（MSCI 2 6
EMU） 年 月中間期
SAN ended June 4 10 1 13
UBS ETF MSCI EMU UCITS 2020
ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユ ー ロ 圏 小 型 株 2 6
年 月中間期
（MSCI EMU 小型株） SAN ended June 3 10 6 7
UBS ETF MSCI EMU Small
Cap UCITS ETF-JDR 2020
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 大 型 株 100 2 年 6 月中間期
（FTSE 100）
UBS ETF FTSE 100 UCITS SAN ended June 5 12 0 18
2020
ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF MSCI アジア太平洋 2 6
株（除く日本） 年 月中間期
SAN ended June 31 2 0 34
UBS ETF MSCI Pacific (ex 2020
Japan) UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF スイス株（MSCI ス 2 6
年 月中間期
イス 20/35） SAN ended June 76 10 9 77
UBS ETF MSCI Switzerland
20/35 UCITS ETF-JDR 2020
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 株 （ MSCI 英 2 年 6 月中間期
国）
UBS ETF MSCI United SAN ended June 31 15 4 42
2020
Kingdom UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 米 国 株 （ MSCI 米 2 6
国） 年 月中間期
SAN ended June 5 12 2 15
UBS ETF MSCI USA UCITS 2020
ETF-JDR
Information Classification: General
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 先進国株（MSCI ワ 2 6
年 月中間期
ールド） SAN ended June 4 11 2 13
UBS ETF MSCI World UCITS
ETF-JDR 2020
Information Classification: General
（５）上場外国 ETF 信託受益証券の分配金
(5) Dividend Payment of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
1 口当たり分配金
Dividend per 1 unit
円
JPY
UBS ETF ユーロ圏大型株 50 2 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June 64
UBS ETF EURO STOXX 50 2020
UCITS ETF-JDR 元年 12 月期
FY ended 22
December 2019
円
JPY
UBS ETF 欧州株（MSCI ヨー 2 年 6 月中間期
ロッパ） SAN ended June 105
UBS ETF MSCI Europe 2020
UCITS ETF-JDR 元年 12 月期
FY ended 57
December 2019
円
JPY
UBS ETF ユーロ圏株（MSCI 2 年 6 月中間期
EMU） SAN ended June 187
UBS ETF MSCI EMU UCITS 2020
ETF-JDR 元年 12 月期
FY ended 58
December 2019
円
JPY
UBS ETF ユ ー ロ 圏 小 型 株 2 年 6 月中間期
（MSCI EMU 小型株） SAN ended June 112
UBS ETF MSCI EMU Small 2020
Cap UCITS ETF-JDR 元年 12 月期
FY ended 33
December 2019
円
JPY
UBS ETF 英 国 大 型 株 100 2 年 6 月中間期
（FTSE 100） SAN ended June 129
UBS ETF FTSE 100 UCITS 2020
ETF-JDR 元年 12 月期
FY ended 181
December 2019
円
JPY
UBS ETF MSCI アジア太平洋 2 年 6 月中間期
株（除く日本） SAN ended June 64
UBS ETF MSCI Pacific (ex 2020
Japan) UCITS ETF-JDR 元年 12 月期
FY ended 79
December 2019
円
JPY
UBS ETF スイス株（MSCI ス 2 年 6 月中間期
イス 20/35） SAN ended June 36
UBS ETF MSCI Switzerland 2020
20/35 UCITS ETF-JDR 元年 12 月期
FY ended 0
December 2019
Information Classification: General
円
JPY
UBS ETF 英 国 株 （ MSCI 英 2 年 6 月中間期
国） SAN ended June 34
UBS ETF MSCI United 2020
Kingdom UCITS ETF-JDR 元年 12 月期
FY ended 50
December 2019
円
JPY
UBS ETF 米 国 株 （ MSCI 米 2 年 6 月中間期
国） SAN ended June 196
UBS ETF MSCI USA UCITS 2020
ETF-JDR 元年 12 月期
FY ended 202
December 2019
円
JPY
UBS ETF 先進国株（MSCI ワ 2 年 6 月中間期
ールド） SAN ended June 186
UBS ETF MSCI World UCITS 2020
ETF-JDR 元年 12 月期
FY ended 163
December 2019
※上場外国 ETF 信託受益証券に係る令和元年 12 月期分配金の基準日は令和 2 年 1 月 31 日であり、令和 2 年
6 月中間期分配金の基準日は令和 2 年 7 月 31 日です。
※The record date for the annual dividend for the FY ended December 2019 is January 31, 2020. The record date for the
interim dividend for the SAN ended June 2020 is July 31, 2020.
※上場外国 ETF 信託受益証券に係る令和 2 年 6 月中間期分配金支払開始日は令和 2 年 9 月 8 日です。
※Start date of dividend payment for the SAN ended June 2020 on the Listed Foreign ETF Trust Beneficiary Certificates (JDR) is
September 8, 2020.
注） アメリカ合衆国ドル（ 「米ドル」、イギリスポンド（
） 「英ポンド」、スイスフラン（
） 「スイスフラン」 ）お
よびユーロの円貨換算は、便宜上、令和 2 年 7 月 31 日現在の株式会社三菱 UFJ 銀行の対顧客電信売買
相場の仲値（1 米ドル＝104.60 円、1 英ポンド＝137.21 円、1 スイスフラン＝115.13 円、1 ユーロ＝
124.13 円）によります。
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 31 July 2020 (USD 1 =
JPY 104.60, GBP 1 = JPY 137.21, CHF 1 = JPY 115.13, EUR 1 = JPY 124.13) for convenience.
２． 信託財産である外国 ETF の会計方針の変更
2. Change in Accounting Policies of Trust Asset Foreign ETF
（１）会計基準等の改正に伴う会計方針の変更 ：無
(1)Changes accompanying revision to accounting standards, etc. ：No
（２）
（１）以外の会計方針の変更 ：無
(2)Changes other than those in (1) ：No
Information Classification: General
Semi-Annual Report 2020
Investment Company under Luxembourg Law (SICAV)
UBS ETF
Semi-Annual Report as of 30 June 2020
(Unaudited)
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
Semi-Annual Report 2020
Investment Company under Luxembourg Law (SICAV)
UBS ETF
Semi-Annual Report as of 30 June 2020
(Unaudited) (continued)
UBS ETF – J.P. Morgan CNY China Government 1-10 Year Bond UCITS UBS ETF – Bloomberg Barclays MSCI Global Liquid Corporates
ETF Sustainable UCITS ETF
UBS ETF – Bloomberg Barclays Japan Treasury 1-3 Year Bond 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
Unaudited Semi-Annual Report as of 30 June 2020
Contents
Page
Management and Administration 4
Performance tables 6
Statement of Net Assets 13
Statement of Operations 47
Statement of Changes in Net Assets 64
Schedule of Investments — UBS ETF – EURO STOXX 50 UCITS ETF 89
Schedule of Investments — UBS ETF – MSCI Europe UCITS ETF 91
Schedule of Investments — UBS ETF – MSCI EMU UCITS ETF 101
Schedule of Investments — UBS ETF – MSCI EMU hedged to CHF UCITS ETF 108
Schedule of Investments — UBS ETF – MSCI EMU hedged to USD UCITS ETF 114
Schedule of Investments — UBS ETF – MSCI EMU Select Factor Mix UCITS ETF 120
Schedule of Investments — UBS ETF – MSCI EMU Value UCITS ETF 133
Schedule of Investments — UBS ETF – MSCI EMU Small Cap UCITS ETF 137
Schedule of Investments — UBS ETF – Factor MSCI EMU Quality UCITS ETF 146
Schedule of Investments — UBS ETF – Factor MSCI EMU Prime Value UCITS ETF 149
Schedule of Investments — UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF 152
Schedule of Investments — UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF 155
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
Schedule of Investments — UBS ETF – MSCI Singapore UCITS ETF 223
Schedule of Investments — UBS ETF – MSCI Hong Kong UCITS ETF 224
Unaudited Semi-Annual Report as of 30 June 2020
Contents (continued)
Page
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 UCITS ETF 226
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF 228
Schedule of Investments — UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF 230
Schedule of Investments — UBS ETF – MSCI World UCITS ETF 232
Schedule of Investments — UBS ETF – MSCI Emerging Markets UCITS ETF 259
Schedule of Investments — UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF 280
Schedule of Investments — UBS ETF – MSCI World Socially Responsible UCITS ETF 285
Schedule of Investments — UBS ETF – MSCI USA Socially Responsible UCITS ETF 293
Schedule of Investments — UBS ETF – MSCI EMU Socially Responsible UCITS ETF 297
Schedule of Investments — UBS ETF – MSCI Pacific Socially Responsible UCITS ETF 300
Schedule of Investments — UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF 303
Schedule of Investments — UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF 305
Schedule of Investments — UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF 306
Schedule of Investments — UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF 308
Schedule of Investments — UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF 310
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF 311
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF 312
Schedule of Investments — UBS ETF – Markit iBoxx € Germany 1-3 UCITS ETF 313
Schedule of Investments — UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF 314
Schedule of Investments — UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF 323
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 352
Schedule of Investments — UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF 353
Schedule of Investments — UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable
UCITS ETF 365
Schedule of Investments — UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates
Sustainable UCITS ETF 373
Schedule of Investments — UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF 385
Unaudited Semi-Annual Report as of 30 June 2020
Contents (continued)
Page
Schedule of Investments — UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF 399
Schedule of Investments — UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond
UCITS ETF 412
Schedule of Investments — UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond
UCITS ETF 419
Schedule of Investments — UBS ETF – Sustainable Development Bank Bonds UCITS ETF 425
Schedule of Investments — UBS ETF – EURO STOXX 50 ESG UCITS ETF 427
Schedule of Investments — UBS ETF – MSCI China ESG Universal UCITS ETF 429
Schedule of Investments — UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF 440
Schedule of Investments — UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF 453
Schedule of Investments — UBS ETF – J.P. Morgan CNY China Government 1-10 Year Bond UCITS ETF 468
Schedule of Investments — UBS ETF – Bloomberg Barclays Japan Treasury 1-3 Year Bond UCITS ETF 469
Schedule of Investments — UBS ETF – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable
UCITS ETF 470
Notes to Financial Statements 478
Appendix I - Supplementary Information 546
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 Sweden
49, Avenue J.F. Kennedy UBS Europe SE
L-1855 Luxembourg Regeringsgatan 38, 111 56 Stockholm
R.C.S. Luxembourg Nr. B-83626
Paying Agent in Switzerland
Portfolio Managers of Sub-Funds
UBS Switzerland AG
UBS Asset Management (UK) Ltd Bahnhofstrasse 45, CH-8098 Zurich
5 Broadgate and its branches in Switzerland
EC2M 2QS London, United Kingdom
Paying Agent in Liechtenstein
UBS Asset Management Switzerland AG,
Bahnhofstrasse 45, CH-8098 Zurich, Switzerland
Liechtensteinische Landesbank AG
UBS Asset Management (Americas) Inc. Städtle 44, FL-9490 Vaduz
UBS Tower, One North Wacker Drive
IL 60606, Chicago, United States Paying Agent in the United Kingdom
Auditor UBS Asset Management (UK) Ltd
5, Broadgate, EC2M 2QS London
PricewaterhouseCoopers, Société coopérative
2, rue Gerhard Mercator Paying Agent in Belgium
B.P. 1443
L-1014 Luxembourg BNP Paribas Securities Services S.C.A.,
Brussels branch
Depositary Rue de Loxum, 25, 1000 Brussels
State Street Bank International GmbH, Luxembourg Branch Distributor
49, avenue J.F. Kennedy
L-1855 Luxembourg UBS Asset Management Switzerland AG
Bahnhofstrasse 45, CH-8098 Zurich, Switzerland
Board of Directors
Representation Agent in Austria
• Mr Clemens Reuter (Chairman)
Managing Director, UBS Asset Management Switzerland AG, Erste Bank der oesterreichischen Sparkassen AG
Zurich Am Belvedere 1, A-1010 Vienna
• Mr Frank Müsel (Vice-Chairman) Information Agent in Germany
Executive Director, UBS Asset Management Switzerland AG,
Zurich UBS Europe SE
Bockenheimer Landstrasse 2-4
• Mr Ian Ashment D-60306 Frankfurt am Main
Managing Director, UBS Asset Management (UK) Ltd, London
Representation Agent in Switzerland
• Mr Andreas Haberzeth
Executive Director, UBS Asset Management Switzerland AG, UBS Fund Management (Switzerland) AG
Zurich Aeschenplatz 6, CH-4052 Basel
• Mr Jörgen Jessen
Independent Board Member, Grevenmacher Centralising and Financial Agent in France
Management Company Société Générale S.A.
29, Boulevard Haussmann,
F-75009 Paris
UBS Fund Management (Luxembourg) S.A.
33A, Avenue J.F. Kennedy
L-1855 Luxembourg Representation and Paying Agent in Spain
R.C.S. Luxemburg N° B 154 210
UBS Europe SE
Company Administrator, Domiciliary, Depositary, 4, Calle Maria de Molina, 3a planta
28006 Madrid
Corporate and Paying Agent
Representation Agent in Portugal
State Street Bank International GmbH, Luxembourg Branch
49, avenue J.F. Kennedy
L-1855 Luxembourg Best – Banco Electrónico de Serviço Total, S.A.
Praça Marquês de Pombal, 3A - 3º
1250-161 Lisboa
Paying Agent in Austria Portugal
Erste Bank der oesterreichischen Sparkassen AG Legal Advisers
Am Belvedere 1, A-1100 Vienna
as to Luxembourg Law
Paying Agent in Germany Clifford Chance
10, boulevard G.D. Charlotte
UBS Europe SE B.P. 1147
Bockenheimer Landstrasse 2-4, D-60306 Frankfurt am Main L-1011 Luxembourg
4
Management and Administration
Securities Lending Agent
State Street Bank International GmbH Frankfurt Branch,
Solmsstrasse 83, 60486 Frankfurt am Main, Germany
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
Semi-Annual report as of 30 June 2020
Performance tables
Performance from 1 January 2020 to 30 June 2020
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) (unaudited)
UBS ETF – EURO STOXX 50 UCITS ETF (EUR) A-dis (12.16) (12.37) 0.21 0.12 0.15
UBS ETF – MSCI Europe UCITS ETF (EUR) A-dis (12.77) (12.83) 0.06 0.10 0.20
UBS ETF – MSCI Europe UCITS ETF (hedged to CHF) A-acc (11.51) (11.54) 0.03 0.09 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to EUR) A-acc (11.44) (11.46) 0.02 0.09 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to USD) A-acc (10.51) (10.56) 0.05 0.14 0.30
UBS ETF – MSCI EMU UCITS ETF (EUR) A-dis (12.19) (12.37) 0.18 0.10 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-acc (12.19) (12.37) 0.18 0.10 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-UKdis (12.19) (12.37) 0.18 0.10 0.18
UBS ETF – MSCI EMU UCITS ETF (hedged to CHF) A-acc ** (0.40) (0.44) 0.04 N/A* 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-dis (12.79) (12.81) 0.02 0.10 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-acc (12.71) (12.81) 0.10 0.10 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to USD) A-dis ** 1.32 1.31 0.01 N/A* 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to USD) A-acc ** 1.32 1.31 0.01 N/A* 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to SGD) A-acc (12.19) (12.34) 0.15 0.10 0.28
UBS ETF – MSCI EMU hedged to CHF UCITS ETF (CHF) A-acc (12.35) (12.45) 0.10 0.12 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-dis (11.32) (11.46) 0.14 0.13 0.28
UBS ETF – MSCI EMU hedged to USD UCITS ETF (USD) A-acc (11.32) (11.46) 0.14 0.13 0.28
UBS ETF – MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc (11.58) (11.75) 0.17 0.18 0.34
UBS ETF – MSCI EMU Value UCITS ETF (EUR) A-dis (18.10) (18.29) 0.19 0.16 0.25
UBS ETF – MSCI EMU Small Cap UCITS ETF (EUR) A-dis (13.18) (13.30) 0.12 0.15 0.33
UBS ETF – Factor MSCI EMU Quality UCITS ETF (EUR) A-dis (8.21) (8.25) 0.04 0.07 0.28
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-acc (8.36) (8.34) (0.02) 0.07 0.38
UBS ETF – Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-acc (7.32) (7.33) 0.01 0.08 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (12.43) (12.70) 0.27 0.19 0.28
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-acc (12.56) (12.77) 0.21 0.19 0.38
UBS ETF – Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-acc (11.54) (11.78) 0.24 0.18 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (14.29) (14.39) 0.10 0.10 0.28
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-acc (14.46) (14.50) 0.04 0.11 0.38
UBS ETF – Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-acc (13.48) (13.54) 0.06 0.10 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis (18.39) (18.33) (0.06) 0.25 0.28
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to CHF) A-acc (18.51) (18.39) (0.12) 0.24 0.38
UBS ETF – Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to USD) A-acc (17.57) (17.47) (0.10) 0.25 0.38
UBS ETF – FTSE 100 UCITS ETF (GBP) A-dis (16.95) (16.87) (0.08) 0.13 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-dis (17.80) (17.73) (0.07) 0.22 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-acc (17.79) (17.73) (0.06) 0.21 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (GBP) A-UKdis (17.80) (17.73) (0.07) 0.21 0.20
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to CHF) A-acc ** (0.92) (0.91) (0.01) N/A* 0.30
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to EUR) A-acc ** 0.79 0.79 0.00 N/A* 0.30
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to USD) A-acc ** 0.80 0.82 (0.02) N/A* 0.30
UBS ETF – MSCI United Kingdom UCITS ETF (hedged to SGD) A-acc (17.35) (17.26) (0.09) 0.22 0.30
UBS ETF – MSCI United Kingdom hedged to CHF UCITS ETF (CHF) A-acc (17.64) (17.47) (0.17) 0.24 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-dis (17.59) (17.42) (0.17) 0.20 0.30
UBS ETF – MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-acc (17.59) (17.42) (0.17) 0.20 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-dis (17.26) (16.54) (0.72) 0.46 0.30
UBS ETF – MSCI United Kingdom hedged to USD UCITS ETF (USD) A-acc (17.25) (16.54) (0.71) 0.47 0.30
UBS ETF – MSCI Japan UCITS ETF (JPY) A-dis (7.86) (7.80) (0.06) 0.07 0.19
UBS ETF – MSCI Japan UCITS ETF (JPY) A-acc (7.86) (7.80) (0.06) 0.07 0.19
UBS ETF – MSCI Japan UCITS ETF (JPY) A-UKdis (7.86) (7.80) (0.06) 0.07 0.19
UBS ETF – MSCI Japan UCITS ETF (hedged to CHF) A-acc ** (1.34) (1.35) 0.01 N/A* 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to EUR) A-dis ** (0.11) (0.11) 0.00 N/A* 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to EUR) A-acc ** (0.11) (0.11) 0.00 N/A* 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-dis (8.21) (8.07) (0.14) 0.10 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to GBP) A-acc (8.20) (8.07) (0.13) 0.11 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to USD) A-acc ** (0.09) (0.10) 0.01 N/A* 0.29
UBS ETF – MSCI Japan UCITS ETF (hedged to SGD) A-acc (7.89) (7.75) (0.14) 0.09 0.29
UBS ETF – MSCI Japan hedged to CHF UCITS ETF (CHF) A-acc (8.36) (8.17) (0.19) 0.09 0.29
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-dis (8.36) (8.17) (0.19) 0.08 0.29
UBS ETF – MSCI Japan hedged to EUR UCITS ETF (EUR) A-acc (8.36) (8.17) (0.19) 0.08 0.29
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-dis (7.32) (7.14) (0.18) 0.08 0.29
UBS ETF – MSCI Japan hedged to USD UCITS ETF (USD) A-acc (7.33) (7.14) (0.19) 0.08 0.29
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis *** (5.99) (5.86) (0.13) 0.07 0.39
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (JPY) A-acc *** (5.99) (5.86) (0.13) N/A* 0.37
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-dis *** (6.42) (6.22) (0.20) 0.11 0.49
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to EUR) A-acc *** (6.38) (6.19) (0.19) 0.09 0.49
UBS ETF – MSCI Japan Socially Responsible UCITS ETF (hedged to USD) A-acc *** (5.39) (5.18) (0.21) 0.07 0.50
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (13.01) (12.98) (0.03) 0.08 0.30
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-acc (13.02) (12.98) (0.04) N/A* 0.30
UBS ETF – MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis (13.01) (12.98) (0.03) 0.08 0.30
UBS ETF – MSCI USA UCITS ETF (USD) A-dis (2.50) (2.45) (0.05) 0.04 0.14
UBS ETF – MSCI USA UCITS ETF (USD) A-UKdis (2.50) (2.45) (0.05) 0.04 0.14
UBS ETF – MSCI Canada UCITS ETF (CAD) A-dis (8.44) (8.53) 0.09 0.16 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-acc (8.44) (8.53) 0.09 0.16 0.33
UBS ETF – MSCI Canada UCITS ETF (CAD) A-UKdis (8.44) (8.53) 0.09 0.16 0.33
UBS ETF – MSCI Canada UCITS ETF (hedged to CHF) A-acc (8.02) (7.99) (0.03) 0.16 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to EUR) A-acc (7.76) (7.79) 0.03 0.16 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to GBP) A-dis (8.20) (8.21) 0.01 0.16 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to GBP) A-acc (8.19) (8.21) 0.02 0.15 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to USD) A-acc (6.89) (6.94) 0.05 0.16 0.43
UBS ETF – MSCI Canada UCITS ETF (hedged to SGD) A-acc (7.69) (7.72) 0.03 0.16 0.43
UBS ETF – MSCI Singapore UCITS ETF (SGD) A-dis (18.56) (18.40) (0.16) 0.05 0.45
UBS ETF – MSCI Hong Kong UCITS ETF (HKD) A-dis (10.47) (10.23) (0.24) 0.13 0.45
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis (3.76) (3.69) (0.07) 0.02 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc (3.76) (3.69) (0.07) 0.01 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis (3.77) (3.69) (0.08) 0.02 0.20
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to EUR) A-dis ** 0.26 0.27 (0.01) N/A* 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to EUR) A-acc ** (1.32) (1.31) (0.01) N/A* 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-dis (3.80) (3.65) (0.15) 0.03 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-acc (3.79) (3.65) (0.14) 0.03 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to USD) A-dis ** 0.27 0.28 (0.01) N/A* 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to USD) A-acc ** 0.27 0.28 (0.01) N/A* 0.30
UBS ETF – MSCI Switzerland 20/35 UCITS ETF (hedged to SGD) A-acc (3.34) (3.22) (0.12) 0.04 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-dis (3.66) (3.54) (0.12) 0.02 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-acc (3.66) (3.54) (0.12) 0.02 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-dis (2.79) (2.64) (0.15) 0.06 0.30
UBS ETF – MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-acc (2.79) (2.64) (0.15) 0.06 0.30
UBS ETF – MSCI World UCITS ETF (USD) A-dis (5.91) (5.77) (0.14) 0.05 0.30
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-dis (9.79) (9.78) (0.01) 0.50 0.23
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-acc (9.79) (9.78) (0.01) 0.50 0.23
UBS ETF – MSCI Emerging Markets UCITS ETF (USD) A-UKdis (9.79) (9.78) (0.01) 0.50 0.23
UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis *** (15.17) (15.32) 0.15 0.39 0.35
UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-acc *** (15.17) (15.32) 0.15 0.15 0.35
UBS ETF – MSCI World Socially Responsible UCITS ETF (USD) A-dis *** (3.61) (3.58) (0.03) 0.04 0.25
UBS ETF – MSCI World Socially Responsible UCITS ETF (USD) A-acc *** (3.61) (3.58) (0.03) 0.04 0.25
UBS ETF – MSCI USA Socially Responsible UCITS ETF (USD) A-dis *** (1.20) (1.03) (0.17) 0.04 0.28
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-dis *** (2.36) (2.14) (0.22) 0.05 0.33
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-acc *** (2.33) (2.14) (0.19) 0.05 0.33
UBS ETF – MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-dis *** (2.23) (2.02) (0.21) 0.04 0.33
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (EUR) A-dis (10.71) (10.88) 0.17 0.10 0.22
6
Semi-Annual report as of 30 June 2020
Performance tables (continued)
Performance from 1 January 2020 to 30 June 2020 (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) (unaudited)
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (EUR) A-acc (10.70) (10.88) 0.18 0.10 0.22
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-dis *** (10.85) (10.96) 0.11 0.12 0.38
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-acc *** (10.84) (10.96) 0.12 0.11 0.38
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to GBP) A-dis ** 9.68 9.57 0.11 N/A* 0.27
UBS ETF – MSCI EMU Socially Responsible UCITS ETF (hedged to USD) A-acc *** (9.80) (9.95) 0.15 0.12 0.38
UBS ETF – MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (7.77) (7.82) 0.05 0.17 0.40
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis 2.95 3.01 (0.06) 0.04 0.12
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-acc 2.95 3.01 (0.06) 0.04 0.12
UBS ETF – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (hedged to EUR) A-dis 2.09 2.20 (0.11) 0.04 0.17
UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis 11.07 11.13 (0.06) 0.05 0.12
UBS ETF – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-acc 11.07 11.13 (0.06) 0.05 0.12
UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF (hedged to EUR) A-dis 20.23 20.48 (0.25) 0.04 0.25
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-dis 4.03 4.08 (0.05) 0.04 0.15
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-acc 4.02 4.08 (0.06) 0.04 0.15
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to CHF) A-acc 2.95 3.04 (0.09) 0.04 0.20
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to EUR) A-acc 3.15 3.25 (0.10) 0.04 0.20
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to GBP) A-acc 3.56 3.66 (0.10) 0.04 0.20
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF (USD) A-dis 16.55 16.59 (0.04) 0.03 0.20
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF (hedged to EUR) A-acc ** 6.40 6.41 (0.01) N/A* 0.25
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF (hedged to GBP) A-dis 16.00 16.17 (0.17) 0.05 0.25
UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF (EUR) A-dis (2.10) (2.01) (0.09) 0.11 0.20
UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF (EUR) A-dis (0.52) (0.33) (0.19) 0.21 0.20
UBS ETF – Markit iBoxx € Germany 1-3 UCITS ETF (EUR) A-dis (0.35) (0.26) (0.09) 0.02 0.17
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF (EUR) A-dis (1.60) (1.40) (0.20) 0.17 0.18
UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF (EUR) A-dis 0.66 0.78 (0.12) 0.05 0.17
UBS ETF – SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis (1.40) (1.25) (0.15) 0.10 0.20
UBS ETF – SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis (1.38) (1.41) 0.03 0.13 0.20
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) A-dis (1.56) (1.41) (0.15) 0.07 0.18
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-
acc (1.78) (1.60) (0.18) 0.07 0.23
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to USD) A-
acc (0.76) (0.60) (0.16) 0.07 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis 2.69 2.95 (0.26) 0.13 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-acc 2.69 2.95 (0.26) 0.13 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-acc 1.62 1.91 (0.29) 0.14 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to EUR) A-acc 1.81 2.10 (0.29) 0.14 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to GBP) A-dis 2.15 2.45 (0.30) 0.13 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates Interest Rate hedged UCITS ETF (USD) A-dis (5.56) (5.16) (0.40) 0.27 0.05
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-dis 5.21 5.39 (0.18) 0.21 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-acc 5.21 5.39 (0.18) 0.21 0.18
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-acc 4.12 4.31 (0.19) 0.19 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-acc 4.30 4.54 (0.24) 0.22 0.23
UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-dis 4.51 4.79 (0.28) 0.21 0.23
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis 6.41 6.33 0.08 0.10 0.20
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-acc ** 6.41 6.33 0.08 N/A* 0.20
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to CHF)
A-dis 5.27 5.25 0.02 0.10 0.25
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR)
A-acc 5.51 5.49 0.02 0.09 0.25
UBS ETF – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to GBP)
A-dis 5.78 5.76 0.02 0.10 0.25
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-
dis (1.40) (1.31) (0.09) 0.13 0.20
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-
acc (1.40) (1.31) (0.09) 0.13 0.20
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to
CHF) A-dis (1.66) (1.52) (0.14) 0.14 0.25
UBS ETF – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to
CHF) A-acc (1.64) (1.52) (0.12) 0.13 0.25
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (3.87) (3.74) (0.13) 0.32 0.42
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD) A-acc (3.87) (3.74) (0.13) 0.32 0.42
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to CHF) A-acc (4.94) (4.78) (0.16) 0.33 0.47
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to EUR) A-acc (4.80) (4.66) (0.14) 0.34 0.47
UBS ETF – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to GBP) A-dis (4.71) (4.55) (0.16) 0.34 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis (2.08) (1.79) (0.29) 0.34 0.42
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to CHF) A-acc (3.16) (2.81) (0.35) 0.34 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-dis (3.01) (2.67) (0.34) N/A* 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-acc (3.01) (2.67) (0.34) 0.34 0.47
UBS ETF – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to GBP) A-dis (2.90) (2.48) (0.42) 0.38 0.47
UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (8.49) (8.00) (0.49) 1.03 0.47
UBS ETF – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-acc (8.48) (8.00) (0.48) (0.48) 0.47
UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond UCITS ETF (EUR) A-dis (0.29) (0.09) (0.20) 0.08 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (USD) A-dis 4.68 4.75 (0.07) 0.04 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (USD) A-acc 4.68 4.75 (0.07) 0.04 0.18
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to CHF) A-acc 3.63 3.72 (0.09) (0.09) 0.23
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to EUR) A-acc 3.84 3.94 (0.10) (0.10) 0.23
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to GBP) A-dis ** 0.36 0.41 (0.05) N/A* 0.23
UBS ETF – EURO STOXX 50 ESG UCITS ETF (EUR) A-dis (8.77) (8.93) 0.16 N/A* 0.15
UBS ETF – MSCI China ESG Universal UCITS ETF (USD) A-dis 0.48 0.79 (0.31) N/A* 0.65
UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc 3.05 3.16 (0.11) N/A* 0.45
UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (hedged to CHF) A-acc ** (0.34) (0.30) (0.04) N/A* 0.50
UBS ETF – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (hedged to EUR) A-acc 2.10 2.28 (0.18) N/A* 0.50
UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc 4.26 4.35 (0.09) N/A* 0.15
UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to CHF) A-acc ** 2.16 2.28 (0.12) N/A* 0.20
UBS ETF – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to EUR) A-acc ** 0.51 0.58 (0.07) N/A* 0.20
UBS ETF – J.P. Morgan CNY China Government 1-10 Year Bond UCITS ETF (USD) A-acc ** (0.25) (0.14) (0.11) N/A* 0.33
UBS ETF – Bloomberg Barclays Japan Treasury 1-3 Year Bond UCITS ETF (JPY) A-acc ** (0.09) (0.03) (0.06) N/A* 0.15
UBS ETF – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) A-acc ** 0.19 0.17 0.02 N/A* 0.20
* 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.
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.
7
Semi-Annual report as of 30 June 2020
Performance tables (continued)
Performance from 1 January 2020 to 30 June 2020 (continued)
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.
8
Semi-Annual report as of 30 June 2020
Performance tables (continued)
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 Unit