UBS CMCI ex-Agriculture SF UCITS ETF hCHF acc (CCXAS)

UBS CMCI ex-Agriculture SF UCITS ETF hCHF acc is an exchange-traded fund that aims to replicate the performance of the UBS CMCI Ex-Agriculture Ex-Livestock Capped Index CHF Hedged Total Return. This fund is designed to provide investors with broad exposure to commodities excluding both agriculture and livestock, focusing on energy, industrial metals, and precious metals. Notably, this ETF uses a synthetic (swap-based) replication method and offers a CHF-hedged share class, thereby aiming to reduce currency risk for Swiss franc investors. The fund tracks an index that selects up to 14 commodities across three key sectors, periodically reweighted to ensure diversification and risk optimization. Its portfolio includes prominent commodities such as crude oil, copper, nickel, gold, and silver, balancing between the different maturity dates of their respective futures contracts to minimize negative roll yields. With reinvestment of income (accumulating share class), a total expense ratio of 0.34%, and registration for public distribution in numerous European markets, the ETF serves as an accessible, transparent, and cost-efficient vehicle for gaining exposure to non-agricultural commodities in a diversified manner.