# UBS Core MSCI Europe UCITS ETF EUR dis- Distribution (UB12)

**Page:** https://fundology.uk/fund/ub12 · ISIN LU0446734104

## 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, 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.

## Summary

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.

Latest close: **£91.01** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | UB12 |
| ISIN | LU0446734104 |
| Also listed as | UIMA (London Stock Exchange, HKD) |
| Category | European shares |
| Type | ETF |
| Provider | UBS |
| Tracks | MSCI Europe |
| Income | Distributing |
| Ongoing charge | 0.07% a year (£7 per £10,000) |
| Fund size | £1.4bn |
| Launched | 2009 |
| 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 | +10.56% | +6.65% | income reinvested |
| 3 years | +52.96% | +38.19% | income reinvested |
| 5 years | +55.62% | +21.47% | 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 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.2% | -14.1% | Price |
| 2023 | +9.9% | +5.5% | Price |
| 2024 | +1.2% | -2.2% | Price |
| 2025 | +23.3% | +19.1% | Price |
| 2026 to 13/11/2026 | +6.4% | +3.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.70% | -10.68% |
| 3 years | 12.44% | -10.68% |
| 5 years | 13.79% | -16.83% |

## Largest fall

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.

## Charges compared with similar funds

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).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR Dist | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | 0.28% | +10.3% | — | — |
| Deka MSCI Europe UCITS ETF | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EUR | 0.14% | +11.4% | — | — |
| HSBC MSCI Europe UCITS ETF EUR | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETF | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETF | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETF | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution (this fund) | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +10.4% | — | — |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +11.2% | +54.5% | +55.7% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.07%** per year (as of 13/11/2026)
- 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 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.

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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.