# UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution (UC98) **Page:** https://fundology.uk/fund/uc98 · ISIN LU1215461085 ## 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, UC98 (UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution, ISIN LU1215461085) closed at £10.65 on the London Stock Exchange. Its ongoing charge is 0.13% a year (about £13 on £10,000). Over the five years to 13/11/2026 its total return was −3.8%, or −24.9% after UK CPIH inflation. ## Summary UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2015. It tracks the Bloomberg MSCI US Liquid Corporates Sustainable. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.13% a year — about £13 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: **£10.65** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UC98 | | ISIN | LU1215461085 | | Also listed as | UC97 (London Stock Exchange, US dollars) | | Category | Corporate & other bonds | | Type | ETF | | Provider | UBS | | Tracks | Bloomberg MSCI US Liquid Corporates Sustainable | | Income | Distributing | | Ongoing charge | 0.13% a year (£13 per £10,000) | | Fund size | £36.1m | | Launched | 2015 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/07/2015 | ## 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 | -3.30% | -6.73% | income reinvested | | 3 years | +6.69% | -3.61% | income reinvested | | 5 years | -3.76% | -24.88% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution in pounds (price only, income paid out not included): 2022 −9.5%, 2023 −1.5%, 2024 −0.7%, 2025 −6.6%; 2026 to 13/11/2026 −5.0%. Returns of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.3%; to 30/09/2025: −2.5%; to 30/09/2024: −1.4%; to 30/09/2023: −9.3%; to 30/09/2022: −4.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.5% | -17.1% | Price | | 2023 | -1.5% | -5.5% | Price | | 2024 | -0.7% | -4.1% | Price | | 2025 | -6.6% | -9.8% | Price | | 2026 to 13/11/2026 | -5.0% | -8.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.43% | -8.89% | | 3 years | 7.02% | -14.09% | | 5 years | 8.19% | -24.51% | ## Largest fall Volatility of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 6.4% over 1 year, 7.0% over 3 years, 8.2% over 5 years. Largest fall in the price of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution since November 2021, in pounds: −24.5% from 03/12/2021 to 21/08/2026. The lowest 12-month return of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −12.9% (12 months to 18/08/2023); the highest was +3.7% (12 months to 26/06/2026). On 13/11/2026 the price of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution was 23.4% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once). ## Funds tracking the same index 4 funds track Bloomberg MSCI US Liquid Corporates Sustainable, this one included and share classes counted once; their ongoing charges range from 0.13% to 0.16% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(hedged to CHF) A-dis- Distribution | 0.16% | -11.0% | +0.7% | -14.3% | | UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(hedged to EUR) A-acc- Capitalisation | 0.16% | -8.5% | +4.2% | -16.2% | | UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(hedged to GBP) A-dis- Distribution | 0.16% | -2.7% | +11.9% | -8.1% | | UBS (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution (this fund) | 0.13% | -3.3% | +6.7% | -3.8% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.13%** per year (as of 14/10/2026) - 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 UC98?** The ongoing charge of UC98 is 0.13% a year — about £13 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 (Lux) Fund Solutions - UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF -(USD) A-dis- Distribution 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once). **What does UC98 track?** UC98 tracks the Bloomberg MSCI US Liquid Corporates Sustainable. **Is UC98 accumulating or distributing?** UC98 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 UC98?** The ISIN of UC98 is LU1215461085. An ISIN identifies one exact share class of a fund; UC98 is its ticker on the London Stock Exchange. The same share class is also listed as UC97 (London Stock Exchange, US dollars). **What were UC98’s returns in each of the last five years?** Calendar-year returns of UC98 in pounds (price only, income paid out not included): 2022 −9.5%, 2023 −1.5%, 2024 −0.7%, 2025 −6.6%; 2026 to 13/11/2026 −5.0%. Past performance is not a guide to future returns. **How has UC98 done after inflation?** Over the five years to 13/11/2026 UC98’s total return was −3.8%, or −24.9% 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.