UBS ISIN LU1720938841

UBS J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF

UBS J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF is a passive bond ETF from UBS, ISIN LU1720938841.

  • Passive
  • Bond
  • Global
  • Fund size (GBP) £247.4M

The sub-fund will invest its net assets predominantly in bonds, transferable securities, money market instruments, units of undertakings for collective investment, deposits with credit institutions, structured notes listed or dealt in on a regulated market and other assets eligible under the prospectus. Currency hedged share classes may also be available in the sub-fund. This class distributes its net income in order to maintain the maximum tracking accuracy of the J.P. Morgan Emerging Market Enhanced Multi-Factor Local Currency Bond Index. Investors other than Authorized Participants may not subscribe shares directly with the UBS ETF SICAV, but may purchase and sell shares, through an intermediary, on one of the stock exchanges listed for the share class on the website www.ubs.com/etf. Direct redemptions with the UBS ETF SICAV are however possible on each business day in Luxembourg. Authorized Participants may subscribe and redeem shares with the UBS ETF SICAV under the conditions detailed in the relevant Authorized Participant Agreement.

How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+8.5% Q2
1 year return
+18.4% Q1
3 year return
+17.7% Q2
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
  • 1 month −1.1%
  • 3 months +2.8%
  • Volatility, 3 years 5.6%
  • Ongoing charge (OCF)
  • Fund size (GBP) £247.4M

What the fund holds

Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 8 Oct 2026. Swipe or use the arrows for more panels.

By sector

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 8 Oct 2026.
Government96.7%
Energy1.3%
Finance1.0%
See all sectorsA free account shows the full list.

By country

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 8 Oct 2026.
Others32.2%
Mexico8.9%
South Africa8.5%
See all countriesA free account shows the full list.

By asset class

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 8 Oct 2026.
Global Fixed Interest17.6%
Mexican Fixed Interest11.7%
South African Fixed Interest11.2%
See all asset classesA free account shows the full list.

Largest holdings

The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 8 Oct 2026.
  1. 1. CHINA (PEOPLES REPUBLIC OF) 2.67% BDS 25/05/33 CNY1008.2%
  2. 2. UNITED MEXICAN STATES 7.75% BDS 29/05/31 MXN1008.2%
  3. 3. INDIA GOVERNMENT BOND 7.18% 23-24/JUL/378.2%
  4. 4. SOUTH AFRICA(REPUBLIC OF) 8.75% MUN BD 28/02/48 ZAR1 18.0%
  5. 5. INDONESIA GOVERNMENT INTERNATIONAL 7.5% BDS 15/05/38 IDR10000007.9%
See all holdingsA free account shows the full list.

Macro events and this fund

Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.

Performance, risk and facts

Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.

Against its benchmark

How the fund compares with its benchmark over the same period.

Risk

How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years5.6%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.29
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−4.7%

Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.

Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.

Fund facts

Legal and cost facts for a client note. As reported by the manager.
ISIN
LU1720938841
Management company
UBS Asset Management (Europe) S.A.
Depositary
State Street Bank International GmbH, Luxembourg Branch
Benchmark
J.P. Morgan Emerging Market Enhanced Multi-Factor Local Currency Bond Index (Total Return)
Ongoing charge
Share class launch date
5 Sep 2018
Domicile
LU
Fund type
open-ended fund
SRRI
4 of 7

What a sum would have become

What an amount would have grown to over the period.
n/a

Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.