# UBS MSCI Canada UCITS ETF -CAD dis- Distribution (UB23) **Page:** https://fundology.uk/fund/ub23 · ISIN LU0446734872 ## 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, UB23 (UBS MSCI Canada UCITS ETF -CAD dis- Distribution, ISIN LU0446734872) closed at £50.01 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +70.6%, or +33.2% after UK CPIH inflation. ## Summary UBS MSCI Canada UCITS ETF -CAD dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2009. It tracks the MSCI Canada Index - CAD. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.39% a year — about £39 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: **£50.01** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UB23 | | ISIN | LU0446734872 | | Also listed as | UIM9 (Xetra, euros) | | Category | Global shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI Canada Index - CAD | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £662m | | 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 | +16.92% | +12.78% | income reinvested | | 3 years | +75.98% | +58.99% | income reinvested | | 5 years | +70.64% | +33.19% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included): 2022 −3.7%, 2023 +5.7%, 2024 +13.3%, 2025 +22.0%; 2026 to 13/11/2026 +12.7%. Returns of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.4%; to 30/09/2025: +21.9%; to 30/09/2024: +12.5%; to 30/09/2023: −1.7%; to 30/09/2022: +5.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.7% | -11.8% | Price | | 2023 | +5.7% | +1.5% | Price | | 2024 | +13.3% | +9.4% | Price | | 2025 | +22.0% | +17.8% | Price | | 2026 to 13/11/2026 | +12.7% | +9.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.74% | -6.66% | | 3 years | 11.12% | -12.42% | | 5 years | 13.26% | -15.72% | ## Largest fall Volatility of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 10.7% over 1 year, 11.1% over 3 years, 13.3% over 5 years. Largest fall in the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution since November 2021, in pounds: −15.7% from 01/04/2022 to 27/10/2023. The lowest 12-month return of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −13.0% (12 months to 24/03/2023); the highest was +40.1% (12 months to 10/04/2026). On 13/11/2026 the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution was 1.2% below its highest weekly close since November 2021 (04/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of UBS MSCI Canada UCITS ETF -CAD dis- Distribution 0.39% a year. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 less (share classes counted once). ## Funds tracking the same index 4 funds track MSCI Canada Index - CAD, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.48% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC MSCI Canada UCITS ETF | 0.35% | +19.2% | +77.2% | +71.1% | | iShares MSCI Canada UCITS ETF | 0.48% | +19.0% | +76.4% | +69.1% | | UBS MSCI Canada UCITS ETF -CAD dis- Distribution (this fund) | 0.39% | +16.9% | +76.0% | +70.6% | | UBS MSCI Canada UCITS ETF-CAD acc- Capitalisation | 0.39% | +17.4% | +72.5% | +71.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.39%** 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 UB23?** The ongoing charge of UB23 is 0.39% a year — about £39 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 Canada UCITS ETF -CAD dis- Distribution 0.39% a year. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 less (share classes counted once). **What does UB23 track?** UB23 tracks the MSCI Canada Index - CAD. **Is UB23 accumulating or distributing?** UB23 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 UB23?** The ISIN of UB23 is LU0446734872. An ISIN identifies one exact share class of a fund; UB23 is its ticker on the London Stock Exchange. The same share class is also listed as UIM9 (Xetra, euros). **What were UB23’s returns in each of the last five years?** Calendar-year returns of UB23 in pounds (price only, income paid out not included): 2022 −3.7%, 2023 +5.7%, 2024 +13.3%, 2025 +22.0%; 2026 to 13/11/2026 +12.7%. Past performance is not a guide to future returns. **How has UB23 done after inflation?** Over the five years to 13/11/2026 UB23’s total return was +70.6%, or +33.2% 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.