ETF · UBS
UB12 UBS Core MSCI Europe UCITS ETF EUR dis- Distribution
ISIN LU0446734104London Stock Exchange: UB12UBS Group AG
- European shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£91.01
on
- Ongoing charge
- 0.07% a year
- Fund size
- £1.4bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, UB12 (UBS Core MSCI Europe UCITS ETF EUR dis- Distribution, ISIN LU0446734104) closed at £91.01 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was +55.6%, or +21.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +10.6%
- +6.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +53.0%
- +38.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +55.6%
- +21.5% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,556 on 13/11/2026 — about £1,215 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 Core MSCI Europe UCITS ETF EUR dis- Distribution in pounds (price only, income paid out not included): 2022 −6.2%, 2023 +9.9%, 2024 +1.2%, 2025 +23.3%; 2026 to 13/11/2026 +6.4%. Returns of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.8%; to 30/09/2025: +13.0%; to 30/09/2024: +12.6%; to 30/09/2023: +14.5%; to 30/09/2022: −10.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +6.4% | +3.0% | |
| to | +23.3% | +19.1% | |
| to | +1.2% | −2.2% | |
| +9.9% | +5.5% | ||
| −6.2% | −14.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.8% | +4.9% |
| from | +13.0% | +8.7% |
| from | +12.6% | +9.7% |
| from | +14.5% | +7.7% |
| from | −10.4% | −17.7% |
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)
13.8%over 5 years
| 1 year | 13.7% |
|---|---|
| 3 years | 12.4% |
| 5 years | 13.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −15.7%
- From to
- Lowest 12-month return
- −12.8%
- 12 months to
- Highest 12-month return
- +25.3%
- 12 months to
- Below its highest weekly close since November 2021
- 2.9%
- High of , latest
In words: Volatility of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 13.7% over 1 year, 12.4% over 3 years, 13.8% over 5 years. Largest fall in the price of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution since November 2021, in pounds: −15.7% from 31/12/2021 to 14/10/2022. The lowest 12-month return of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −12.8% (12 months to 14/10/2022); the highest was +25.3% (12 months to 10/04/2026). On 13/11/2026 the price of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution was 2.9% below its highest weekly close since November 2021 (05/08/2026), 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
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 6 charge less
- 3 the same
- 233 charge more
Ongoing charge of UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution 0.07% a year. Compared on 14/11/2026, 233 of the 242 other European share funds charge more, 3 the same and 6 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2009.
It tracks the MSCI Europe — large and medium-sized European companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% a year — about £7 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.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- UB12
- ISIN
- LU0446734104
- Also listed as
- UIMA (London Stock Exchange, HKD)
- Provider
- UBS
- Tracks
- MSCI Europe
- 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
- 0.07% a year · about £7 on £10,000
- Fund size
- £1.4bn
- 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
- No
- Price currency
- Pounds (GBP)
- Category
- European shares
Price chart
Over the last year, the closing price went from £83.71 on 14/11/2025 to £91.01 on 13/11/2026 (+8.7%). The lowest close shown was £81.19 on 20/03/2026 and the highest £93.74 on 05/08/2026.
One close a week. Before 31/07/2026 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
262 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
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How we work it out:Prices and returnsNAV and price
Funds tracking the same index
16 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.31% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DRAccumulating · 0.15% a year | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR DistDistributing · 0.20% a year | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF-Accumulating · 0.28% a year | 0.28% | +10.3% | Not reported | Not reported |
| Deka MSCI Europe UCITS ETFDistributing · 0.30% a year | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EURAccumulating · 0.14% a year | 0.14% | +11.4% | Not reported | Not reported |
| HSBC MSCI Europe UCITS ETF EURDistributing · 0.14% a year | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETFAccumulating · 0.19% a year | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETFDistributing · 0.12% a year | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETFAccumulating · Currency hedged · 0.17% a year | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc)Accumulating · 0.12% a year | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETFAccumulating · 0.25% a year | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS Core MSCI Europe UCITS ETF EUR dis- DistributionThis fundDistributing · 0.07% a year | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation AAccumulating · 0.10% a year | 0.10% | +10.4% | Not reported | Not reported |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1CAccumulating · 0.13% a year | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2CAccumulating · Currency hedged · 0.31% a year | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1DDistributing · 0.13% a year | 0.13% | +11.2% | +54.5% | +55.7% |
As of
MSCI Europe funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
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 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each 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
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Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and 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 UB12?
The ongoing charge of UB12 is 0.07% a year — about £7 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 Core MSCI Europe UCITS ETF EUR dis- Distribution 0.07% a year. Compared on 14/11/2026, 233 of the 242 other European share funds charge more, 3 the same and 6 less (share classes counted once).
What does UB12 track?
UB12 tracks the MSCI Europe — large and medium-sized European companies.
Is UB12 accumulating or distributing?
UB12 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 UB12?
The ISIN of UB12 is LU0446734104. An ISIN identifies one exact share class of a fund; UB12 is its ticker on the London Stock Exchange. The same share class is also listed as UIMA (London Stock Exchange, HKD).
What were UB12’s returns in each of the last five years?
Calendar-year returns of UB12 in pounds (price only, income paid out not included): 2022 −6.2%, 2023 +9.9%, 2024 +1.2%, 2025 +23.3%; 2026 to 13/11/2026 +6.4%. Past performance is not a guide to future returns.
How has UB12 done after inflation?
Over the five years to 13/11/2026 UB12’s total return was +55.6%, or +21.5% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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