# UBS Core MSCI USA UCITS ETF Class -A- USD (UC04) **Source:** https://fundology.uk/fund/uc04 · ISIN IE00B77D4428 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 01/10/2026, UC04 (UBS Core MSCI USA UCITS ETF Class -A- USD, ISIN IE00B77D4428) closed at £140.50 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the five years to 01/10/2026 its total return was +87.3%, or +46.4% after UK CPIH inflation. ## Summary UBS Core MSCI USA UCITS ETF Class -A- USD is an exchange-traded fund (ETF) from UBS, launched in 2012. It tracks the MSCI USA. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.06% a year — about £6 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: **£140.50** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UC04 | | ISIN | IE00B77D4428 | | Category | US shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI USA | | Income | Distributing | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £869m | | Launched | 2012 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +17.57% | +13.88% | income reinvested | | 3 years | +70.49% | +53.85% | income reinvested | | 5 years | +87.26% | +46.39% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS Core MSCI USA UCITS ETF Class -A- USD in pounds (price only, income paid out not included): 2021 +28.1%, 2022 −11.5%, 2023 +19.0%, 2024 +26.3%, 2025 +7.8%; 2026 to 01/10/2026 +12.6%. Returns of UBS Core MSCI USA UCITS ETF Class -A- USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +17.0%; to 30/09/2025: +15.7%; to 30/09/2024: +21.5%; to 30/09/2023: +7.4%; to 30/09/2022: −0.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2021 | +28.1% | +22.2% | Price | | 2022 | -11.5% | -19.0% | Price | | 2023 | +19.0% | +14.3% | Price | | 2024 | +26.3% | +22.0% | Price | | 2025 | +7.8% | +4.1% | Price | | 2026 to 01/10/2026 | +12.6% | +9.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.18% | -6.71% | | 3 years | 13.21% | -19.60% | | 5 years | 13.80% | -19.60% | ## Largest fall Volatility of UBS Core MSCI USA UCITS ETF Class -A- USD in pounds, annualised from weekly returns to 01/10/2026: 12.2% over 1 year, 13.2% over 3 years, 13.8% over 5 years. Largest fall in the price of UBS Core MSCI USA UCITS ETF Class -A- USD since October 2021, in pounds: −19.6% from 17/01/2025 to 18/04/2025. The lowest 12-month return of UBS Core MSCI USA UCITS ETF Class -A- USD in pounds (price only, income paid out not included) since December 2020 was −11.5% (12 months to 16/12/2022); the highest was +33.6% (12 months to 22/11/2024). On 01/10/2026 the price of UBS Core MSCI USA UCITS ETF Class -A- USD was 0.4% below its highest weekly close since October 2021 (24/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of UBS Core MSCI USA UCITS ETF Class -A- USD 0.06% a year, as of 02/10/2026: 180 of the 208 other US share funds charge more, 6 the same and 22 less (share classes counted once). ## Funds tracking the same index 18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core MSCI USA UCITS ETF USD | 0.03% | +16.8% | — | — | | Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — | | BNP PARIBAS EASY I MSCI USA UCITS ETF AccumCAP USD | — | — | — | — | | Deka MSCI USA UCITS ETF | 0.30% | +16.4% | +65.8% | +81.6% | | Invesco MSCI USA UCITS ETF Acc | 0.05% | +17.3% | +71.4% | +88.2% | | Invesco MSCI USA UCITS ETF USD | 0.05% | +17.2% | +71.2% | +88.0% | | iShares MSCI USA Swap UCITS ETF AccumUSD | 0.07% | +16.8% | +24.9% | — | | iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +12.0% | — | — | | iShares MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.4% | | UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +18.0% | +66.2% | +83.0% | | UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.06% | +17.2% | — | +86.6% | | UBS Core MSCI USA UCITS ETF Class -A- USD (this fund) | 0.06% | +17.6% | +70.5% | +87.3% | | UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +16.9% | +69.4% | +84.4% | | Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — | | Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — | | Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +17.6% | +25.5% | — | | Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +16.7% | +68.3% | +85.5% | | Xtrackers MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.7% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.06%** per year - ISA eligible: yes - SIPP eligible: yes ## Questions people ask **What is the ongoing charge of UC04?** The ongoing charge of UC04 is 0.06% a year — about £6 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 Core MSCI USA UCITS ETF Class -A- USD 0.06% a year, as of 02/10/2026: 180 of the 208 other US share funds charge more, 6 the same and 22 less (share classes counted once). **What does UC04 track?** UC04 tracks the MSCI USA. **Is UC04 accumulating or distributing?** UC04 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 UC04?** The ISIN of UC04 is IE00B77D4428. An ISIN identifies one exact share class of a fund; UC04 is its ticker on the London Stock Exchange. **What were UC04’s returns in each of the last five years?** Calendar-year returns of UC04 in pounds (price only, income paid out not included): 2021 +28.1%, 2022 −11.5%, 2023 +19.0%, 2024 +26.3%, 2025 +7.8%; 2026 to 01/10/2026 +12.6%. Past performance is not a guide to future returns. **How has UC04 done after inflation?** Over the five years to 01/10/2026 UC04’s total return was +87.3%, or +46.4% 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.