UBS BLOOMBERG COMMODITY INDEX SF UCITS ETF (ACC., EUR-HEDGED) 0Y2B.GB

The UBS Bloomberg Commodity Index SF UCITS ETF is a passive, index-tracking commodity fund. It aims to replicate the total return of the Bloomberg Commodity Index (BCOM) by using a synthetic replication strategy: specifically, a fully funded combined model involving a total return swap.

Its mandate is long-only. The underlying Bloomberg Commodity Index consists of futures contracts on a diversified set of physical commodities, spanning energy, precious metals, industrial metals, agriculture/softs, and livestock.

Its methodology weights components based on global liquidity and production data (in a 2:1 ratio), with constraints applied: no one commodity may exceed 15%, any single commodity plus its derivatives may not exceed 25%, and no commodity group may represent over 33%.

Also, each commodity's weight is floored at 2% as liquidity allows. The index is reviewed and rebalanced annually. The ETF is managed by UBS Asset Management under the UCITS regulatory framework, domiciled in Ireland.

It has been in operation since February 2011 and uses synthetic instruments to deliver the benchmark's performance.