# UBS BBG USD EM Sovereign UCITS ETF -hGBP dis- Distribution (SBEG) **Page:** https://fundology.uk/fund/sbeg · ISIN LU1324516480 ## 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, 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. ## Summary 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. Latest close: **£7.96** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SBEG | | ISIN | LU1324516480 | | Category | Government bonds | | Type | ETF | | Provider | UBS | | Tracks | Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - GBP - Benchmark TR Gross Hedged | | Income | Distributing | | Ongoing charge | 0.28% a year (£28 per £10,000) | | Fund size | £79.1m | | Launched | 2016 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 29/04/2016 | ## 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 | +1.58% | -2.02% | income reinvested | | 3 years | +32.92% | +20.09% | income reinvested | | 5 years | +6.70% | -16.71% | 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 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | -25.6% | -31.9% | Price | | 2023 | +4.0% | -0.1% | Price | | 2024 | +1.4% | -2.1% | Price | | 2025 | +3.2% | -0.3% | Price | | 2026 to 13/11/2026 | -6.3% | -9.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.86% | -8.52% | | 3 years | 8.21% | -11.35% | | 5 years | 10.69% | -33.62% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.28%** 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 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. --- 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.