# UBS Core MSCI Japan UCITS ETF JPY dis Distribution (UB02)

**Page:** https://fundology.uk/fund/ub02 · ISIN LU0136240974

## 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, UB02 (UBS Core MSCI Japan UCITS ETF JPY dis Distribution, ISIN LU0136240974) closed at £56.87 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +53.2%, or +19.5% after UK CPIH inflation.

## Summary

UBS Core MSCI Japan UCITS ETF JPY dis Distribution is an exchange-traded fund (ETF) from UBS, launched in 2001. It tracks the MSCI Japan — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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.

Latest close: **£56.87** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | UB02 |
| ISIN | LU0136240974 |
| Also listed as | UC65 (London Stock Exchange, US dollars), UIM5 (Xetra, euros) |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | UBS |
| Tracks | MSCI Japan |
| Income | Distributing |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £1.2bn |
| Launched | 2001 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 |

## 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 | +13.01% | +9.01% | income reinvested |
| 3 years | +56.13% | +41.06% | income reinvested |
| 5 years | +53.16% | +19.55% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of UBS Core MSCI Japan UCITS ETF JPY dis Distribution in pounds (price only, income paid out not included): 2022 −8.9%, 2023 +11.8%, 2024 +8.0%, 2025 +14.6%; 2026 to 13/11/2026 +13.7%. Returns of UBS Core MSCI Japan UCITS ETF JPY dis Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +25.4%; to 30/09/2025: +14.0%; to 30/09/2024: +8.9%; to 30/09/2023: +11.5%; to 30/09/2022: −13.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.9% | -16.6% | Price |
| 2023 | +11.8% | +7.4% | Price |
| 2024 | +8.0% | +4.3% | Price |
| 2025 | +14.6% | +10.6% | Price |
| 2026 to 13/11/2026 | +13.7% | +10.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 20.35% | -10.69% |
| 3 years | 17.46% | -14.65% |
| 5 years | 16.21% | -16.93% |

## Largest fall

Volatility of UBS Core MSCI Japan UCITS ETF JPY dis Distribution in pounds, annualised from weekly returns to 13/11/2026: 20.3% over 1 year, 17.5% over 3 years, 16.2% over 5 years. Largest fall in the price of UBS Core MSCI Japan UCITS ETF JPY dis Distribution since November 2021, in pounds: −16.7% from 19/11/2021 to 17/06/2022. The lowest 12-month return of UBS Core MSCI Japan UCITS ETF JPY dis Distribution in pounds (price only, income paid out not included) since January 2021 was −14.7% (12 months to 16/09/2022); the highest was +39.6% (12 months to 19/06/2026). On 13/11/2026 the price of UBS Core MSCI Japan UCITS ETF JPY dis Distribution was 7.3% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of UBS Core MSCI Japan UCITS ETF JPY dis Distribution 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

## Funds tracking the same index

13 funds track MSCI Japan, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.40% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI Japan UCITS ETF Accum Shs USD | 0.13% | +14.1% | — | — |
| HSBC MSCI Japan UCITS ETF USD | 0.12% | +13.4% | +54.8% | +53.2% |
| Invesco MSCI Japan UCITS ETF | 0.12% | +14.0% | +54.6% | +52.9% |
| iShares MSCI Japan UCITS ETF | 0.14% | +13.5% | +54.9% | +52.4% |
| iShares MSCI Japan UCITS ETF USD (Dist) | 0.12% | +13.5% | +54.9% | +52.0% |
| Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF Acc | 0.12% | +13.6% | +54.9% | +53.3% |
| State Street SPDR MSCI Japan UCITS ETF | 0.12% | +13.0% | +56.1% | +53.1% |
| UBS Core MSCI Japan UCITS ETF Capitalisation -USD- | 0.10% | — | — | — |
| UBS Core MSCI Japan UCITS ETF JPY dis Distribution (this fund) | 0.12% | +13.0% | +56.1% | +53.2% |
| UBS Core MSCI Japan UCITS ETF-JPY acc- Capitalisation | 0.12% | +13.2% | +54.4% | +53.2% |
| Xtrackers MSCI Japan UCITS ETF | 0.40% | +13.8% | +77.6% | +121.8% |
| Xtrackers MSCI Japan UCITS ETF 1D Distribution | 0.12% | +13.5% | — | — |
| Xtrackers MSCI JAPAN UCITS ETF Capitalisation 1C | 0.12% | +13.5% | +55.0% | +53.3% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** 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 UB02?**

The ongoing charge of UB02 is 0.12% a year — about £12 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 Core MSCI Japan UCITS ETF JPY dis Distribution 0.12% a year. Compared on 14/11/2026, 86 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 12 less (share classes counted once).

**What does UB02 track?**

UB02 tracks the MSCI Japan — large and medium-sized Japanese companies.

**Is UB02 accumulating or distributing?**

UB02 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 UB02?**

The ISIN of UB02 is LU0136240974. An ISIN identifies one exact share class of a fund; UB02 is its ticker on the London Stock Exchange. The same share class is also listed as UC65 (London Stock Exchange, US dollars) and UIM5 (Xetra, euros).

**What were UB02’s returns in each of the last five years?**

Calendar-year returns of UB02 in pounds (price only, income paid out not included): 2022 −8.9%, 2023 +11.8%, 2024 +8.0%, 2025 +14.6%; 2026 to 13/11/2026 +13.7%. Past performance is not a guide to future returns.

**How has UB02 done after inflation?**

Over the five years to 13/11/2026 UB02’s total return was +53.2%, or +19.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.