# UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution (UBXX) **Page:** https://fundology.uk/fund/ubxx · ISIN LU1645386647 ## 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, UBXX (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution, ISIN LU1645386647) closed at £8.17 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the five years to 13/11/2026 its total return was +13.1%, or −11.7% after UK CPIH inflation. ## Summary UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2018. It tracks the J.P. Morgan USD EM Diversified 3% capped 1-5 Year Bond Index - GBP - Benchmark TR Gross Hedged. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.38% a year — about £38 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: **£8.17** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UBXX | | ISIN | LU1645386647 | | Category | Corporate & other bonds | | Type | ETF | | Provider | UBS | | Tracks | J.P. Morgan USD EM Diversified 3% capped 1-5 Year Bond Index - GBP - Benchmark TR Gross Hedged | | Income | Distributing | | Ongoing charge | 0.38% a year (£38 per £10,000) | | Fund size | £5.9m | | Launched | 2018 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 28/02/2018 | ## 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 | +2.85% | -0.79% | income reinvested | | 3 years | +23.81% | +11.86% | income reinvested | | 5 years | +13.11% | -11.71% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution in pounds (price only, income paid out not included): 2022 −14.7%, 2023 +2.1%, 2024 −0.2%, 2025 −14.2%; 2026 to 13/11/2026 −4.5%. Returns of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.8%; to 30/09/2025: −15.7%; to 30/09/2024: +3.8%; to 30/09/2023: +1.4%; to 30/09/2022: −18.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.7% | -21.9% | Price | | 2023 | +2.1% | -2.0% | Price | | 2024 | -0.2% | -3.6% | Price | | 2025 | -14.2% | -17.1% | Price | | 2026 to 13/11/2026 | -4.5% | -7.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.10% | -6.00% | | 3 years | 12.27% | -20.49% | | 5 years | 10.35% | -29.97% | ## Largest fall Volatility of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 5.1% over 1 year, 12.3% over 3 years, 10.4% over 5 years. Largest fall in the price of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution since November 2021, in pounds: −30.0% from 19/11/2021 to 11/04/2025. The lowest 12-month return of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −19.2% (12 months to 21/10/2022); the highest was +5.9% (12 months to 06/02/2026). On 13/11/2026 the price of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution was 29.1% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution 0.38% a year. Compared on 14/11/2026, 109 of the 427 other corporate and other bond funds charge more, 2 the same and 316 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.38%** per year - 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 UBXX?** The ongoing charge of UBXX is 0.38% a year — about £38 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 J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF Shs -hGBP dis- Distribution 0.38% a year. Compared on 14/11/2026, 109 of the 427 other corporate and other bond funds charge more, 2 the same and 316 less (share classes counted once). **What does UBXX track?** UBXX tracks the J.P. Morgan USD EM Diversified 3% capped 1-5 Year Bond Index - GBP - Benchmark TR Gross Hedged. **Is UBXX accumulating or distributing?** UBXX 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 UBXX?** The ISIN of UBXX is LU1645386647. An ISIN identifies one exact share class of a fund; UBXX is its ticker on the London Stock Exchange. **What were UBXX’s returns in each of the last five years?** Calendar-year returns of UBXX in pounds (price only, income paid out not included): 2022 −14.7%, 2023 +2.1%, 2024 −0.2%, 2025 −14.2%; 2026 to 13/11/2026 −4.5%. Past performance is not a guide to future returns. **How has UBXX done after inflation?** Over the five years to 13/11/2026 UBXX’s total return was +13.1%, or −11.7% 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.