# UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution (UB0D)

**Source:** https://fundology.uk/fund/ub0d · ISIN LU1169822340 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, UB0D (UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution, ISIN LU1169822340) closed at £33.54 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 30/09/2026 its total return was +149.2%, or +94.8% 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: **£33.54** (30/09/2026).

## 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 | £165m |
| Launched | 2017 |
| Domicile | Luxembourg |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +36.18% | +31.91% | income reinvested |
| 3 years | +106.34% | +86.20% | income reinvested |
| 5 years | +149.15% | +94.77% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 +24.0%, 2025 +26.0%; 2026 to 30/09/2026 +24.3%. 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: +36.3%; to 30/09/2025: +22.7%; to 30/09/2024: +19.7%; to 30/09/2023: +30.1%; to 30/09/2022: −9.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.1% | -14.0% | Price |
| 2023 | +32.1% | +26.9% | Price |
| 2024 | +24.0% | +19.7% | Price |
| 2025 | +26.0% | +21.7% | Price |
| 2026 to 30/09/2026 | +24.3% | +20.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 18.72% | -9.49% |
| 3 years | 20.27% | -17.04% |
| 5 years | 18.41% | -17.04% |

## Largest fall

Volatility of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution in pounds, annualised from weekly returns to 30/09/2026: 18.7% over 1 year, 20.3% over 3 years, 18.4% over 5 years. Largest fall in the price of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution since October 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 30/09/2026 the price of UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution was 0.9% below its highest weekly close since October 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, as of 01/10/2026: 66 of the 92 other Japan and Asia Pacific share funds charge more, 8 the same and 18 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 (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares MSCI Japan GBP Hedged UCITS ETF (Acc) | 0.64% | +35.4% | +103.2% | +143.7% |
| UBS Core MSCI Japan UCITS ETF hGBP dis- Distribution (this fund) | 0.15% | +36.2% | +106.3% | +149.2% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.