UBS IQ Morningstar Australia Quality ETF
Overview
Effective 1 February 2016, the fund’s underlying index changed from the UBS Research Preferred Index to the Morningstar® Australia Moat Focus IndexTM. As a result of this change and also effective from 1 February 2016, the name of the fund has changed from UBS IQ Research Preferred Australian Share Fund to UBS IQ Morningstar Australia Quality ETF. The Fund’s ASX ticker 'ETF' remains the same.
Please see the relevant communication found on the UBS IQ ETFs webpage under "Announcements & Product updates", alternatively you can view the ASX announcement on the ASX website.
The Fund
The UBS IQ Morningstar Australia Quality ETF ("Fund") aims to replicate the performance of the Morningstar® Australia Moat Focus IndexTM before fees and expenses. The Fund is an exchange traded fund (“ETF”) which is a registered managed investment scheme and can be traded on the ASX. The Fund allows investors, in one transaction, to gain exposure to a diversified portfolio of listed Australian securities constructed by reference to, amongst other things, Morningstar equity research. The Fund provides investors with the benefits of a managed fund along with the flexibility of listed securities.
The Index
The Morningstar® Australia Moat Focus Index™ is a rules-based, equal-weighted index intended to offer exposure to quality companies that Morningstar determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors.
The Index is designed to target exposure to approximately 25-50 wide and narrow 'moat' stocks in the Morningstar Australia Index™ with the lowest ratios of current market price to fair value price determined under an independent research process by the Morningstar Equity Research team. The fair value estimate is based primarily on Morningstar's proprietary three-stage discounted cash flow model. Morningstar checks its fair value estimates against other valuation measures, such as sum-of-the-parts, multiples and yields, among others.
Key benefits
- Access to a portfolio of securities constructed by reference to Morningstar research, amongst other things
- Diversified investment through one transaction
- Intra-day trading with units traded continuously throughout each ASX business day
- Source of income via dividends and distributions (including franking credits)
- Transparent performance with the Fund designed to replicate the performance of the Index
Investment objective
The Fund’s investment objective is to replicate the performance of the Morningstar® Australia Moat Focus IndexTM, before fees and expenses.
Trading
To purchase a UBS IQ Morningstar Australia Quality ETF contact your broker or financial advisor.
Fund details |
|
Name of Fund |
UBS IQ Morningstar Australia Quality ETF |
ASX code |
ETF |
ISIN |
AU000000ETF4 |
Currency |
AUD |
Launch date |
17 October 2012 |
ETF share class NAV |
$7,872,662.98 |
Total Fund NAV$ |
$7,872,662.98 |
NAV per unit |
19.12 |
NAV date |
14 December 2018 |
Number of ETF share class units |
411,697.00 |
Typical number of holdings |
25-50 |
Management costs (p.a.) |
0.30% |
Distribution frequency |
Half yearly |
Domicile |
Australia |
Index details |
|
Index name |
Morningstar® Australia Moat Focus IndexTM |
Typical number of Index holdings |
25-50 |
Reweighting frequency |
Quarterly |
Index ticker (Bloomberg) |
MSDIAMFA Index |
Index ticker (IRESS) |
tbd |
Daily index level |
2175.02 |
Trading information |
|
ASX code |
ETF |
Intra-day NAV code |
YETF |
ETF Bloomberg ticker |
ETF AU |
ETF IRESS ticker |
ETF.AXW |
Trading hours |
10am-4.10pm |