# UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution (UB17) **Page:** https://fundology.uk/fund/ub17 · ISIN LU0446734369 ## 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, UB17 (UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution, ISIN LU0446734369) closed at £55.47 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +93.8%, or +51.3% after UK CPIH inflation. ## Summary UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2009. It tracks the MSCI EMU Value. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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: **£55.47** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UB17 | | ISIN | LU0446734369 | | Also listed as | UIME (Xetra, euros) | | Category | European shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI EMU Value | | Income | Distributing | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £295m | | 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 | +14.71% | +10.65% | income reinvested | | 3 years | +79.62% | +62.28% | income reinvested | | 5 years | +93.80% | +51.27% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution in pounds (price only, income paid out not included): 2022 −3.2%, 2023 +11.6%, 2024 +0.7%, 2025 +39.2%; 2026 to 13/11/2026 +8.8%. Returns of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +14.5%; to 30/09/2025: +23.0%; to 30/09/2024: +11.7%; to 30/09/2023: +23.7%; to 30/09/2022: −15.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.2% | -11.3% | Price | | 2023 | +11.6% | +7.2% | Price | | 2024 | +0.7% | -2.8% | Price | | 2025 | +39.2% | +34.5% | Price | | 2026 to 13/11/2026 | +8.8% | +5.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 16.43% | -10.53% | | 3 years | 14.53% | -10.53% | | 5 years | 16.44% | -20.60% | ## Largest fall Volatility of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 16.4% over 1 year, 14.5% over 3 years, 16.4% over 5 years. Largest fall in the price of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution since November 2021, in pounds: −20.6% from 14/01/2022 to 30/09/2022. The lowest 12-month return of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −15.3% (12 months to 30/09/2022); the highest was +39.5% (12 months to 19/12/2025). On 13/11/2026 the price of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution was 4.2% below its highest weekly close since November 2021 (07/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI EMU Value, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.40% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi MSCI EMU Value Factor - UCITS ETF Dist | 0.40% | +15.7% | +80.0% | +91.6% | | UBS MSCI EMU Value UCITS ETF -EUR dis- Distribution (this fund) | 0.25% | +14.7% | +79.6% | +93.8% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year (as of 23/10/2026) - 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 UB17?** The ongoing charge of UB17 is 0.25% a year — about £25 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 MSCI EMU Value UCITS ETF -EUR dis- Distribution 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once). **What does UB17 track?** UB17 tracks the MSCI EMU Value. **Is UB17 accumulating or distributing?** UB17 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 UB17?** The ISIN of UB17 is LU0446734369. An ISIN identifies one exact share class of a fund; UB17 is its ticker on the London Stock Exchange. The same share class is also listed as UIME (Xetra, euros). **What were UB17’s returns in each of the last five years?** Calendar-year returns of UB17 in pounds (price only, income paid out not included): 2022 −3.2%, 2023 +11.6%, 2024 +0.7%, 2025 +39.2%; 2026 to 13/11/2026 +8.8%. Past performance is not a guide to future returns. **How has UB17 done after inflation?** Over the five years to 13/11/2026 UB17’s total return was +93.8%, or +51.3% 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.