# UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution (UB0D) **Page:** https://fundology.uk/fund/ub0d · ISIN LU1169822340 ## 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, UB0D (UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution, ISIN LU1169822340) closed at £31.79 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +146.8%, or +92.7% after UK CPIH inflation. ## Summary UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2017. It tracks the MSCI Japan 100% Hedged to GBP Net Index — 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 0.15% a year — about £15 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: **£31.79** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UB0D | | ISIN | LU1169822340 | | Category | Japan & Asia Pacific | | Type | ETF | | Provider | UBS | | Tracks | MSCI Japan 100% Hedged to GBP Net Index | | Income | Distributing | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £212m | | Launched | 2017 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/07/2017 | ## 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 | +21.07% | +16.78% | income reinvested | | 3 years | +96.26% | +77.31% | income reinvested | | 5 years | +146.82% | +92.66% | 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 hGBP dis- Distribution in pounds (price only, income paid out not included): 2022 −6.1%, 2023 +32.1%, 2024 +22.7%, 2025 +28.2%; 2026 to 13/11/2026 +16.9%. Returns of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +35.7%; to 30/09/2025: +23.3%; to 30/09/2024: +19.7%; to 30/09/2023: +30.1%; to 30/09/2022: −6.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -6.1% | -14.0% | Price | | 2023 | +32.1% | +26.9% | Price | | 2024 | +22.7% | +18.5% | Price | | 2025 | +28.2% | +23.8% | Price | | 2026 to 13/11/2026 | +16.9% | +13.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 19.12% | -9.49% | | 3 years | 20.13% | -17.04% | | 5 years | 18.54% | -17.04% | ## Largest fall Volatility of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 19.1% over 1 year, 20.1% over 3 years, 18.5% over 5 years. Largest fall in the price of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution since November 2021, in pounds: −17.0% from 12/07/2024 to 02/08/2024. The lowest 12-month return of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −9.6% (12 months to 04/04/2025); the highest was +62.3% (12 months to 10/04/2026). On 13/11/2026 the price of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution was 6.1% below its highest weekly close since November 2021 (14/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution 0.15% a year. Compared on 14/11/2026, 72 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 26 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Japan 100% Hedged to GBP Net Index, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.64% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares MSCI Japan GBP Hedged UCITS ETF (Acc) | 0.64% | +21.7% | +93.8% | +142.1% | | UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution (this fund) | 0.15% | +21.1% | +96.3% | +146.8% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** 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 UB0D?** The ongoing charge of UB0D is 0.15% a year — about £15 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 hGBP dis- Distribution 0.15% a year. Compared on 14/11/2026, 72 of the 108 other Japan and Asia Pacific share funds charge more, 10 the same and 26 less (share classes counted once). **What does UB0D track?** UB0D tracks the MSCI Japan 100% Hedged to GBP Net Index — large and medium-sized Japanese companies. **Is UB0D accumulating or distributing?** UB0D 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 UB0D?** The ISIN of UB0D is LU1169822340. An ISIN identifies one exact share class of a fund; UB0D is its ticker on the London Stock Exchange. **What were UB0D’s returns in each of the last five years?** Calendar-year returns of UB0D in pounds (price only, income paid out not included): 2022 −6.1%, 2023 +32.1%, 2024 +22.7%, 2025 +28.2%; 2026 to 13/11/2026 +16.9%. Past performance is not a guide to future returns. **How has UB0D done after inflation?** Over the five years to 13/11/2026 UB0D’s total return was +146.8%, or +92.7% 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.