Overview
The investment objective is to replicate the price and return performance of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to GBP Index.
The fund generally invests in securities contained in the above mentioned index. The relative weightings of the companies correspond to their weightings in the index.
The fund is passively managed.
Benefits
Clients benefit from the flexibility of an exchange-traded investment.
Provides access to this segment of the market with a single transaction.
Optimised risk/return profile thanks to a broad diversification across a range of countries and sectors.
The fund offers a high degree of transparency and cost efficiency.
UCITS compliant fund.
Risks
This UBS Exchange Traded Fund invests in supranational bonds and may therefore be subject to high fluctuations in value. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class. Sustainability risks are environmental, social or governance events or conditions that can have a material negative effect on the return, depending on the relevant sector, industry and company exposure. Sustainability risk: the risk arising from any environmental, social or governance events or conditions that, were they to occur, could cause a material negative impact on the value of the investment. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. As a result, the net asset value of the funds assets is directly dependent on the performance of the underlying index. Losses that could be avoided via active management will not be offset.
Features
| Name of fund |
UBS Sustainable Development Bank Bonds UCITS ETF
|
| Share class |
UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis
|
| Fund domicile |
Luxembourg
|
| Launch date |
30.04.2020
|
| TER (flat fee) |
0.18%
|
| Securities no. |
42819068
|
| Reuters ID |
MDBG.L
|
| Fund type |
open-end
|
| SFDR Classification |
Art.9
|
| UCITS V |
yes
|
| Currency of share class |
GBP
|
| Accounting year end |
31 December
|
| Replication methodology |
Physical + Optimized (equities) / sampled (bonds)
|
| Shares outstanding |
11,437,355
|
| Assets (m) |
GBP 120.61
|
| Total fund assets (m) |
USD 1,572.33
|
Performance and prices
Volatility (as of last month end)
| 1Y | 2Y | 3Y | 5Y | |
| Fund Volatility | - | 2.92% | 3.39% | 3.58% |
| Benchmark Volatility | - | 2.93% | 3.40% | 3.59% |
| Tracking Error (ex post) | - | 0.21% | 0.17% | 0.16% |
Latest dividend declaration
| Pay date | 31-Jul-2025 |
| Distribution date | 28-Jul-2025 |
| Distribution | 0.17 |
| Currency | GBP |
Net Asset Values
Last 7 days
From
28-Jul-2021
To
04-Aug-2021
|
Date
|
Adjusted NAV
|
Official NAV
|
Index
|
Distribution
|
Currency
|
| 07.01.2026 | GBP 11.6819 | GBP 10.5418 | 103.06 | ||
| 08.01.2026 | GBP 11.6680 | GBP 10.5293 | 102.94 | ||
| 09.01.2026 | GBP 11.6645 | GBP 10.5261 | 102.91 | ||
| 12.01.2026 | GBP 11.6631 | GBP 10.5249 | 102.89 | ||
| 13.01.2026 | GBP 11.6726 | GBP 10.5334 | 102.98 | ||
| 14.01.2026 | GBP 11.6856 | GBP 10.5452 | 102.98 |
Sustainability
Sustainability-related disclosures
Environmental or social characteristics promoted by the financial product
The sub-fund has sustainable investment as its objective. The sub-fund is accordingly classified as an Article 9 Product pursuant to the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial sector (SFDR).
Sustainable investment objective of the financial product
This financial product has sustainable investment as its objective and aims to track, before expenses, the price and income performance of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return) (the Index). An independent research-driven screening is used by the Index provider to evaluate index-eligible issuer which must be a Multilateral Development Bank , having a credit quality rating of AA- (S&P) or Aa3 (Moody’s) and higher (if several ratings are available, the lowest rating is considered). The Reference Benchmark (the Index) designated for the purpose of attaining the sustainable investment objective of this financial product is the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return).
The above characteristic(s) is / are measured using the following indicators respectively:
1. The attainment of the sustainable investment objective is measured using the following indicators respectively: Whether the issuer of the securities is classified as a Multilateral Development Bank. A Multilateral Development Bank (MDB) is an international financial institution chartered by two or more countries for the purpose of encouraging economic development in poorer nations. Multilateral development banks consist of member nations from developed and developing countries. MDBs provide loans and grants to member nations to fund projects that support social and economic development, such as the building of new roads or providing clean water to communities. MDBs are supranational institutions set up by sovereign states, which are their shareholders The objective of the use of proceeds of the MDBs are very aligned to the SDG 17. Please note that while the Reference Benchmark is provided by Solactive, the Portfolio manager will rely on data provided by MSCI. As a result, there might be a discrepancy between the figures disclosed by the Portfolio manager and the Reference Benchmark provider.
Investment strategy
The following binding element(s) of the investment strategy is / are used to select the investments to attain the characteristic(s) promoted by this financial product:
1. The financial product is passively managed and tracks an index. It seeks to achieve its sustainable investment objective described in this annex by tracking the Index and, regarding ESG criteria, giving exposure to bonds issued by multilateral development banks. Its investment strategy is to replicate the Index while minimizing the related tracking error. Securities are only eligible for the Index if they meet the multi-stage issuer selection process defined by Solactive. Finally, the index contains securities only from issuers which are classified as Multilateral Development Banks (MDB) where all G7 countries must be owners of the bank. The calculations do not take account of cash, derivatives and unrated investment instruments. The binding element(s) are calculated at quarter end using the average of all of business days’ values in the quarter.
Proportion of investments
Derivatives are not used for the attainment of the sustainable investment objective of this financial product. Derivatives are primarily used for hedging and liquidity management purposes.
Methodologies
The performance of the indicators used to measure the environmental or social characteristics promoted by the financial product are measured daily, assessed quarterly and reported annually.
Data sources and processing
The data sources used to attain the stated environmental or social characteristics are as follows:
SDG revenue alignment supplied by a leading data vendor
Data is consumed from leading provider(s)
Limitations to methodologies and data
We apply a minimum coverage threshold for the data sources used to attain the stated environmental or social characteristics of the financial product, these thresholds ensure that the binding targets can be monitored and measured. Accuracy of data is dependent on 3rd party providers, coverage of data sources can be less than 100% due to uncovered asset types, incomplete or inconsistent data and gaps in the coverage of these 3rd party providers.
Due diligence
Due diligence is carried out on index providers and/or data providers. This financial product is passively managed and seeks to track the performance and the ESG profile of the Index. Sustainability characteristics and risks are considered as part of the Index selection process.
Engagement policies
In terms of passive strategies tracking sustainability indexes as is the case with this financial product, the engagement process helps us to identify companies where material ESG and sustainability factors may present a future negative risk. While the UBS AM engagement program is across all asset classes and portfolios, the impact on passively managed fixed income strategies might be reduced, mainly due to the lack of voting rights and that companies which failed in UBS AM's engagement process are typically not excluded due to the passive management style. Nevertheless, passively managed fixed income assets are part of the engagement with senior management, as all other assets the firm manages, in order to achieve the biggest possible impact.
Attainment of the sustainable investment objective
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the sustainable objective it seeks to achieve. The Index rebalances on a monthly basis, more details on the index methodology applied by the Index provider can be found below. It is not anticipated that the composition of the Index will be adjusted to the extent that tracking is not possible.
The Broad Market Index is the Solactive Global Multilateral Development Bank Bond Index. The Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return) offers investors exposure to Multilateral Development Banks (known as supranationals) which are backed by multiple sovereigns incl. all G7 countries. Bonds issued by the MDBs are mostly AAA-rated and the credit risk profile and returns are comparable to US Treasuries while the MDB providing guarantees and knowledge for developing countries to end global poverty and to promote sustainable economic growth (aligned to the SDG 17).
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
Designated reference benchmark
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the sustainable objective it seeks to achieve. The Index rebalances on a monthly basis, more details on the index methodology applied by the Index provider can be found below. It is not anticipated that the composition of the Index will be adjusted to the extent that tracking is not possible.
The alignment of the investment strategy with the methodology of the Index is ensured on a continuous basis as the Index provider rebalances the Index on a regular basis and the Portfolio manager will track the Index in line with the limits set out in the investment policy of Fund. The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of its investment objective it seeks to achieve. The investment strategy of the Fund is to track the benchmark’s return and its characteristics, including ESG characteristics, as closely as reasonably possible. The investment strategy is to replicate the Index by applying stratified sampling managing the tracking error. The Portfolio manager reviews the index methodology when the product is set up and the Index provider may be contacted if the Index methodology is no longer in line with the investment strategy of the financial product.
The broad market index is the Solactive World All Bond IG Index. The Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return) offers investors exposure to Multilateral Development Banks (known as supranationals) which are backed by multiple sovereigns incl. all G7 countries. Bonds issued by the MDBs are mostly AAA-rated and the credit risk profile and returns are comparable to US Treasuries while the MDB providing guarantees and knowledge for developing countries to end global poverty and to promote sustainable economic growth (aligned to the SDG 17). The Parent Index provides a broad-based measure of the global fixed income markets. The Solactive World All Bond IG Index give access to the global investment grade universe, a multi-currency, flexible and comprehensive benchmark to track global investable bonds as well as securitized debt instruments.
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
No significant harm to the sustainable investment objective
The financial product is passively managed and tracks an Index, securities are only eligible for the Index if they meet the rule set by the index methodology that the index-eligible issuer which must be a Multilateral Development Bank, having a credit quality rating of AA- (S&P) or Aa3 (Moody’s) and higher (if several ratings are available, the lowest rating is considered). Unlike commercial banks, MDBs do not seek to maximize profits for their shareholders. Instead, they prioritize development goals (aligned with the SDG 17), such as ending extreme poverty and reducing economic inequality. They often lend at low or no interest or provide grants to fund projects in infrastructure, energy, education, environmental sustainability, and other areas that promote development.
The sub-fund excludes exposure to controversial weapons (anti-personnel mines, cluster munitions, chemical weapons and biological weapons).
There is no controversies screening on the index issuers.
Holdings
Show securities lending
Collateral 12 month lending summary
as of last month end
Securities Lending as of 11-Jan-2022
From
11-Jan-2021
To
11-Jan-2022
No distributions. Continuous reinvestment of income
Distributions
Sales Authorisations
Brochures
|
Document type
|
Document Language
|
| Fact Sheet |
Agreement / Prospectus
|
Document type
|
Document Language
|
| Key Information Document |
|
| Past performance |
|
| Previous performance scenario |
|
| Prospectus |
|
| SFDR Pre-Contractual Annex |
|
35VAGReport
|
Document type
|
Document Language
|
| Solvency II Reporting Q4 |
|
| Solvency II Reporting Q3 |
|
| Solvency II Reporting Q2 |
|
| Solvency II Reporting Q1 |
|
Annual and semi-annual report
|
Document type
|
Document Language
|
| Annual report |
|
| Semi-annual report |
|
Other Docs
|
Document type
|
Document Language
|
| UBS ETF Securities Lending Borrowers |
|
Contact
| Exchange | Currency | iNAV | Bid | Ask | Total volume | Total turnover | |
 |
London Stock Exchange Domestic/UK Market 1st Currency | GBP | - | 10.4520 | 10.6480 | 119,675.0000 | 1,261,603.8300 |
Terms
For marketing and information purposes by UBS. UBS funds under Luxembourg law. Arrangements for marketing fund units mentioned in this document may be terminated at the initiative of the management company of the fund(s). Prospectuses, key information document (KID) where applicable, the articles of association or the management regulations as well as annual and semi-annual reports are available for the purpose of inspection and obtaining copies thereof in a language required by the local applicable law free of charge at UBS SA国际传谋, Regeringsgatan 38, S-11153 Stockholm and online at www.fundinfo.com. The product described herein aligns to Article 9 Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Information on sustainability-related aspects pursuant to that regulation can be found on www.ubs.com/funds. The benchmark is the intellectual property of the respective index provider. The fund or the share class is neither sponsored nor endorsed by the index provider. The fund prospectus or supplemental prospectus contains the full disclaimer. Before investing in a product please read the latest prospectus and key information document or similar legal documentation carefully and thoroughly. Any decision to invest should take into account all the characteristics or objectives of the product as described in its prospectus, or similar legal documentation. Investors are acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Any Index referenced in this document is not administered by UBS. Members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs on the product level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration. If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. Commissions and costs have a negative impact on the investment and on the expected returns. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency and exchange rate fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS SA国际传谋 Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): UBS SA国际传谋. A summary of investor rights in English can be found online at www.ubs.com/funds-regulatoryinformation. More explanations of financial terms can be found at www.ubs.com/am-glossary. © UBS 2026. SA国际传谋. All rights reserved.
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