# UBS Sustainable Development Bank Bonds UCITS ETF (MDBG) **Page:** https://fundology.uk/fund/mdbg · ISIN LU1852212023 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, MDBG (UBS Sustainable Development Bank Bonds UCITS ETF, ISIN LU1852212023) closed at £10.09 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +5.5%, or −17.6% after UK CPIH inflation. ## Summary UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF is an exchange-traded fund (ETF) from UBS, launched in 2020. It tracks the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped TR Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£10.09** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MDBG | | ISIN | LU1852212023 | | Category | Corporate & other bonds | | Type | ETF | | Provider | UBS | | Tracks | Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped TR Index | | Income | Distributing | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £118m | | Launched | 2020 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/04/2020 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -0.30% | -3.83% | income reinvested | | 3 years | +10.51% | -0.16% | income reinvested | | 5 years | +5.53% | -17.63% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF in pounds (price only, income paid out not included): 2022 −9.1%, 2023 +1.8%, 2024 −0.5%, 2025 +1.9%; 2026 to 13/11/2026 −4.1%. Returns of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.3%; to 30/09/2025: −0.7%; to 30/09/2024: +4.8%; to 30/09/2023: −1.3%; to 30/09/2022: −10.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.1% | -16.8% | Price | | 2023 | +1.8% | -2.3% | Price | | 2024 | -0.5% | -3.8% | Price | | 2025 | +1.9% | -1.6% | Price | | 2026 to 13/11/2026 | -4.1% | -7.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.77% | -5.31% | | 3 years | 3.83% | -5.31% | | 5 years | 4.05% | -11.27% | ## Largest fall Volatility of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 3.8% over 1 year, 3.8% over 3 years, 4.1% over 5 years. Largest fall in the price of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF since November 2021, in pounds: −11.3% from 03/12/2021 to 20/10/2023. The lowest 12-month return of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −11.0% (12 months to 04/11/2022); the highest was +4.8% (12 months to 27/09/2024). On 13/11/2026 the price of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF was 10.4% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of MDBG?** The ongoing charge of MDBG is 0.20% a year — about £20 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of UBS (Lux) Fund Solutions SICAV - UBS Sustainable Development Bank Bonds UCITS ETF 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once). **What does MDBG track?** MDBG tracks the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped TR Index. **Is MDBG accumulating or distributing?** MDBG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of MDBG?** The ISIN of MDBG is LU1852212023. An ISIN identifies one exact share class of a fund; MDBG is its ticker on the London Stock Exchange. **What were MDBG’s returns in each of the last five years?** Calendar-year returns of MDBG in pounds (price only, income paid out not included): 2022 −9.1%, 2023 +1.8%, 2024 −0.5%, 2025 +1.9%; 2026 to 13/11/2026 −4.1%. Past performance is not a guide to future returns. **How has MDBG done after inflation?** Over the five years to 13/11/2026 MDBG’s total return was +5.5%, or −17.6% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.