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

18 October 2012

ETF share class NAV

$63,659,680.78

Total Fund NAV

$63,659,680.78

NAV per unit

20.21

NAV date

23 September 2016

Number of ETF share class units

3,149,789.00

Typical number of fund holdings

25-50

Management costs

0.30% p.a.

Distribution frequency

Half yearly

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

2108.01

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