UBS ETRACS CMCI Agriculture Total Return ETN

Frequently Asked Questions About UAG

What does UAG invest in?

The investment seeks to track the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Agriculture Total Return index. The fund is designed to be representative of the entire liquid forward curve of each commodity in the index. The index measures the collateralized returns from a diversified basket of agriculture futures contracts. It is comprised of the 12 agriculture futures contracts included in the CMCI with three target maturities for each individual commodity.

What is the expense ratio of UAG?

UBS ETRACS CMCI Agriculture Total Return ETN (UAG) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UAG?

UBS ETRACS CMCI Agriculture Total Return ETN (UAG) manages $1.2M 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 UAG actively managed or an index fund?

UAG is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (UAG's is 0.65%) because there's no security selection cost.

When was UAG launched?

UBS ETRACS CMCI Agriculture Total Return ETN (UAG) launched in January 2009 and is managed by UBS.

How has UAG performed?

UAG's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.