CMCI Food TR
UBS E-TRACS CMCI Food Total Return is designed to track the performance of the UBS Bloomberg CMCI Food Index Total Return, less investor fees. The CMCI Food TR is the first investable commodity index to provide direct exposure to food. The CMCI Food TR measures the collateralized returns from a basket of 12 futures contracts from the agricultural and livestock sectors. The commodity futures contracts are diversified across three constant maturities from three months up to one year.
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Product profile
Product Name |
E-TRACS CMCI Food Total Return |
Underlying Product |
UBS Bloomberg CMCI Food Total Return |
Issuer |
UBS AG |
Ticker Symbol |
FUD |
CUSIP |
902641737 |
Primary Exchange |
NYSE Arca |
Initial Trade Date |
April 01, 2008 |
Maturity Date |
April 05, 2038 |
Yearly Fee (%) |
0.65% |
Market data
Closing Price |
26.16 |
Volume |
1,200 |
Net Change |
-0.04 |
20 Day Volume Average |
2,612.00 |
% Change |
0.00 |
Shares Outstanding |
240,000 |
High (52 week) |
30.62 |
Market Cap |
6,278,424.00 |
Low (52 week) |
24.86 |
Daily Indicative Value |
26.20 |
Updated on: August 19, 2008 |
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Returns
Total Return |
Annualized Return |
Annual Volatility |
Sharpe Ratio |
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| Agriculture Returns | ||||
CMCI Food Total Return |
102.88% |
6.98% |
13.51% |
0.26% |
S&P GSCI Agriculture Total Return |
-24.83% |
-2.69% |
17.46% |
-0.35% |
DJAIG Agriculture Total Return |
7.56% |
0.70% |
16.59% |
-0.16% |
Rogers Agriculture Total Return |
9.19% |
0.84% |
12.95% |
-0.20% |
| Livestock Returns | ||||
S&P GSCI Livestock Total Return |
-16.70% |
-1.73% |
14.15% |
-0.36% |
DJAIG Livestock Total Return |
-24.51% |
-2.65% |
14.98% |
-0.40% |
Pro forma and historical results for the period from January 5, 1998 through June 30, 2008.
Source: UBS Investment Bank, publicly available data. Historical information presented is as of June 30, 2008 and is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may different significantly from historical performance, either positively or negatively.
UBS Bloomberg CMCI Food TR - Index Composition
SRW Wheat |
14.21% |
Corn |
17.34% |
Soybeans |
16.41% |
Soybean Meal |
4.95% |
Soybean Oil |
4.85% |
Sugar #11 |
10.12% |
Sugar #5 |
8.97% |
Cocoa |
4.07% |
Coffee "C" Arabica |
4.04% |
F.C. Orange Juice (A) |
2.48% |
Live Cattle |
7.18% |
Live Hogs |
5.39% |
Total |
100.00% |
Updated on: June 30, 2008 | |
Source: UBS Investment Bank, CMCI Advisory Committee.
Sector weightings
Source: UBS Investment Bank, CMCI Advisory Committee.
Index comparisons
Source: UBS Investment Bank, CMCI Advisory Committee.
The graph above illustrates the performance of the Index from January 5, 1998 through June 30, 2008 in comparison with five traditional commodities indices: the S&P Goldman Sachs Commodity Index (GSCI®) Livestock Index Total Return, Dow Jones-AIG Livestock Total Return Sub-IndexSM, S&P Goldman Sachs Commodity Index (GSCI®) Agriculture Index Total Return, Dow Jones-AIG Agriculture Total Return Sub-IndexSM and Rogers International Commodity Index® Agriculture Total Return. The data for the CMCI Food Total Return for the periods prior to January 2007 is derived by using the Index’s calculation methodology with historical prices.
Maturity weights
Source: UBS Investment Bank, CMCI Advisory Committee.
Weights across maturities are determined based on the relative liquidity of the underlying futures contracts.
