UBS Factor MSCI USA Quality Screened UCITS ETF hGBP dis

What this fund is

UBS Factor MSCI USA Quality Screened UCITS ETF hGBP dis is an exchange-traded fund (ETF) from UBS, traded under the ticker UQLT (ISIN IE00BXDZNK39). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. Rather than a manager picking stocks, it simply replicates the MSCI USA Quality index — the passive, low-cost approach, and its largest holdings include NVIDIA CORP, APPLE INC and MICROSOFT CORP. Geographically it leans ~46.2% United States.

Its heaviest sectors are ~37.1% Technology and ~6.3% Health Care. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.28% a year — about €28 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class). It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP.

Its price has swung about 13.8% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2016. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from UBS.)