ETF · UBS
SBEG UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution
ISIN LU1324516480London Stock Exchange: SBEGUBS Group AG
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£7.96
on
- Ongoing charge
- 0.28% a year
- Fund size
- £79.1m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, SBEG (UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution, ISIN LU1324516480) closed at £7.96 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the five years to 13/11/2026 its total return was +6.7%, or −16.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.6%
- −2.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +32.9%
- +20.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +6.7%
- −16.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,067 on 13/11/2026 — about £833 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution in pounds (price only, income paid out not included): 2022 −25.6%, 2023 +4.0%, 2024 +1.4%, 2025 +3.2%; 2026 to 13/11/2026 −6.3%. Returns of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.5%; to 30/09/2025: −0.6%; to 30/09/2024: +11.7%; to 30/09/2023: +3.5%; to 30/09/2022: −31.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −6.3% | −9.3% | |
| to | +3.2% | −0.3% | |
| to | +1.4% | −2.1% | |
| +4.0% | −0.1% | ||
| −25.6% | −31.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −4.5% | −7.9% |
| from | −0.6% | −4.4% |
| from | +11.7% | +8.9% |
| from | +3.5% | −2.7% |
| from | −31.9% | −37.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
10.7%over 5 years
| 1 year | 6.9% |
|---|---|
| 3 years | 8.2% |
| 5 years | 10.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −33.4%
- From to
- Lowest 12-month return
- −33.3%
- 12 months to
- Highest 12-month return
- +14.6%
- 12 months to
- Below its highest weekly close since November 2021
- 24.3%
- High of , latest
In words: Volatility of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 6.9% over 1 year, 8.2% over 3 years, 10.7% over 5 years. Largest fall in the price of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution since November 2021, in pounds: −33.4% from 19/11/2021 to 21/10/2022. The lowest 12-month return of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −33.3% (12 months to 21/10/2022); the highest was +14.6% (12 months to 18/10/2024). On 13/11/2026 the price of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution was 24.3% below its highest weekly close since November 2021 (19/11/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.28%
- a year
- On £10,000
- £28
- a year, roughly
- Over five years
- £139
- of £10,000, before growth
- 282 charge less
- 1 the same
- 28 charge more
Ongoing charge of UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution 0.28% a year. Compared on 14/11/2026, 28 of the 311 other government bond funds charge more, 1 the same and 282 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
UBS (Lux) Fund Solutions SICAV - UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2016.
It tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - GBP - Benchmark TR Gross Hedged.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.28% a year — about £28 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- SBEG
- ISIN
- LU1324516480
- Provider
- UBS
- Tracks
- Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - GBP - Benchmark TR Gross Hedged
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.28% a year · about £28 on £10,000
- Fund size
- £79.1m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £8.37 on 14/11/2025 to £7.96 on 13/11/2026 (−4.9%). The lowest close shown was £7.86 on 02/10/2026 and the highest £8.59 on 06/02/2026.
One close a week. Before 27/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
256 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 247 rolling 12-month returns since January 2021, and of 143 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (148 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of SBEG?
The ongoing charge of SBEG is 0.28% a year — about £28 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 BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution 0.28% a year. Compared on 14/11/2026, 28 of the 311 other government bond funds charge more, 1 the same and 282 less (share classes counted once).
What does SBEG track?
SBEG tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - GBP - Benchmark TR Gross Hedged.
Is SBEG accumulating or distributing?
SBEG 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 SBEG?
The ISIN of SBEG is LU1324516480. An ISIN identifies one exact share class of a fund; SBEG is its ticker on the London Stock Exchange.
What were SBEG’s returns in each of the last five years?
Calendar-year returns of SBEG in pounds (price only, income paid out not included): 2022 −25.6%, 2023 +4.0%, 2024 +1.4%, 2025 +3.2%; 2026 to 13/11/2026 −6.3%. Past performance is not a guide to future returns.
How has SBEG done after inflation?
Over the five years to 13/11/2026 SBEG’s total return was +6.7%, or −16.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.