UBS ETFs - One-off charges

Hi there

UBS offers quite a lot of attractive ETFs. Sometimes they have one of the lowest TER and/or good performance.
I looked in the Factsheet and KIID and there is a Entry charge 5%, Exit charge 3%, Conversion fee 3%.
I’m note sure if it is really charged because the footnote is not clear to me.

As a example I picked the UBS ETF from @_MP portfolio:

Anybody stumbled upon this?


I saw it too. I think (plz somebody confirm or disprove!) this does not apply to the private investor but to institutional investors that engage into the creation/ redemption mechanism. But no guarantee!

What is the yearly charges? is it 0.5% or 0.25%?
from the Factsheet:
Flat fee p.a. 0.25%
Total expense ratio (TER) p.a.1 0.25%

I bought it in the past. There were no entry charge and the TER was/is 0.25%.

I want to add another example that might highlight the question more obviously:
the Raiffeisen Pension Invest Futura Balanced A (couldnt find the online document) lists

Management fee: 1.3%
Total Expense Ration 1.1%
Oncoing Charges: 1.1 %

what now is my yearly fees/expenses? clearly not the sum of these??

@Dago Thanks for that.


KIID footnotes says:
² This entry charge is applicable to investors who subscribe with the Company.
³ This exit charge is applicable to investors who redeem their Shares with the Company.

Which investor? Which company? Is it me, is it the broker, is it a fund manager, is it UBS…?

But I think you’re right with the creation/ redemption mechanism.

I’ll ask my broker and UBS on that…

The answer from UBS:

If you buy/sell our ETFs on exchange through your broker no entry or exit fees apply. These fees apply only if you would create or redeem shares directly with the ETF, but only market makers do that.

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@wapiti Great, thanks!