UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033

Frequently Asked Questions About GLDI

What does GLDI invest in?

This index aims to replicate the returns of a "covered call" investment strategy applied to the shares of the SPDR Gold Trust (GLD). Its value reflects the price movements of the underlying GLD shares, combined with the theoretical income generated from selling monthly call options on those shares, all while accounting for simulated trading expenses inherent to such a strategy.

What is the expense ratio of GLDI?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is GLDI's distribution yield?

GLDI's trailing-twelve-month yield is 28.28%, calculated from the sum of distributions over the past year divided by the current price.

How does GLDI's covered-call strategy work?

GLDI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is GLDI?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) manages $174.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is GLDI actively managed or an index fund?

GLDI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.