# UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution (UC94) **Page:** https://fundology.uk/fund/uc94 · ISIN LU1169830442 ## 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, UC94 (UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution, ISIN LU1169830442) closed at £30.41 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 +50.5%, or +17.5% after UK CPIH inflation. ## Summary UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution 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 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: **£30.41** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UC94 | | ISIN | LU1169830442 | | Category | European shares | | Type | ETF | | Provider | UBS | | Tracks | MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP | | Income | Distributing | | Ongoing charge | 0.23% a year (£23 per £10,000) | | Fund size | £101m | | 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 | +66.57% | +50.49% | income reinvested | | 5 years | +50.52% | +17.49% | 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-dis- Distribution in pounds (price only, income paid out not included): 2022 −16.9%, 2023 +5.8%, 2024 +8.5%, 2025 +18.9%; 2026 to 13/11/2026 +19.2%. Returns of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.8%; to 30/09/2025: +6.4%; to 30/09/2024: +14.9%; to 30/09/2023: +8.8%; to 30/09/2022: −12.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -16.9% | -23.9% | Price | | 2023 | +5.8% | +1.6% | Price | | 2024 | +8.5% | +4.8% | Price | | 2025 | +18.9% | +14.8% | Price | | 2026 to 13/11/2026 | +19.2% | +15.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 14.25% | -10.93% | | 3 years | 14.31% | -13.82% | | 5 years | 14.57% | -21.89% | ## Largest fall Volatility of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 14.3% over 1 year, 14.3% over 3 years, 14.6% over 5 years. Largest fall in the price of UBS ETF SICAV - UBS ETF - MSCI Switzerland 20/35 UCITS ETF -(hedged to GBP) A-dis- Distribution since November 2021, in pounds: −21.9% 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-dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −16.9% (12 months to 30/12/2022); the highest was +32.2% (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-dis- Distribution 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-dis- Distribution 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 | 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 (this fund) | 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 UC94?** The ongoing charge of UC94 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-dis- Distribution 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 UC94 track?** UC94 tracks the MSCI Switzerland 20/35 100% Hedged to GBP Index - GBP. **Is UC94 accumulating or distributing?** UC94 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual. **What is the ISIN of UC94?** The ISIN of UC94 is LU1169830442. An ISIN identifies one exact share class of a fund; UC94 is its ticker on the London Stock Exchange. **What were UC94’s returns in each of the last five years?** Calendar-year returns of UC94 in pounds (price only, income paid out not included): 2022 −16.9%, 2023 +5.8%, 2024 +8.5%, 2025 +18.9%; 2026 to 13/11/2026 +19.2%. Past performance is not a guide to future returns. **How has UC94 done after inflation?** Over the five years to 13/11/2026 UC94’s total return was +50.5%, or +17.5% 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.