# UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation (UC93) **Page:** https://fundology.uk/fund/uc93 · ISIN LU1169830525 ## 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, UC93 (UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation, ISIN LU1169830525) closed at £36.87 on the London Stock Exchange. Its ongoing charge is 0.23% a year (about £23 on £10,000). Over the five years to 13/11/2026 its total return was +50.6%, or +17.6% after UK CPIH inflation. ## Summary UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation is an exchange-traded fund (ETF) from UBS, launched in 2015. It tracks the MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.23% a year — about £23 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£36.87** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UC93 | | ISIN | LU1169830525 | | Category | European shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP | | Income | Accumulating | | Ongoing charge | 0.23% a year (£23 per £10,000) | | Fund size | £15.8m | | Launched | 2015 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 29/05/2015 | ## 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 | +25.43% | +20.99% | income reinvested | | 3 years | +66.73% | +50.63% | income reinvested | | 5 years | +50.64% | +17.58% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −15.5%, 2023 +7.7%, 2024 +10.1%, 2025 +21.1%; 2026 to 13/11/2026 +20.6%. Returns of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.1%; to 30/09/2025: +8.6%; to 30/09/2024: +16.7%; to 30/09/2023: +11.0%; to 30/09/2022: −10.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -15.5% | -22.7% | Price | | 2023 | +7.7% | +3.4% | Price | | 2024 | +10.1% | +6.4% | Price | | 2025 | +21.1% | +17.0% | Price | | 2026 to 13/11/2026 | +20.6% | +16.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.63% | -10.69% | | 3 years | 13.92% | -13.67% | | 5 years | 14.35% | -20.57% | ## Largest fall Volatility of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 13.6% over 1 year, 13.9% over 3 years, 14.3% over 5 years. Largest fall in the price of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation since November 2021, in pounds: −20.6% from 31/12/2021 to 23/09/2022. The lowest 12-month return of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −15.5% (12 months to 30/12/2022); the highest was +31.9% (12 months to 31/07/2026). On 13/11/2026 the price of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation was at its highest weekly close since November 2021, in pounds. ## Charges compared with similar funds Ongoing charge of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP, this one included and share classes counted once; their ongoing charges range from 0.23% to 0.23% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation (this fund) | 0.23% | +25.4% | +66.7% | +50.6% | | UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution | 0.23% | +25.4% | +66.6% | +50.5% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.23%** 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 UC93?** The ongoing charge of UC93 is 0.23% a year — about £23 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 ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-acc- Capitalisation 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 less (share classes counted once). **What does UC93 track?** UC93 tracks the MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP. **Is UC93 accumulating or distributing?** UC93 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of UC93?** The ISIN of UC93 is LU1169830525. An ISIN identifies one exact share class of a fund; UC93 is its ticker on the London Stock Exchange. **What were UC93’s returns in each of the last five years?** Calendar-year returns of UC93 in pounds (price, with income reinvested in the fund): 2022 −15.5%, 2023 +7.7%, 2024 +10.1%, 2025 +21.1%; 2026 to 13/11/2026 +20.6%. Past performance is not a guide to future returns. **How has UC93 done after inflation?** Over the five years to 13/11/2026 UC93’s total return was +50.6%, or +17.6% 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.