E-TRACS DJ-UBS Commodity Index Total Return
UBS E-TRACS S&P 500 Gold Hedged Index is designed to track the performance of the S&P 500 Gold Hedged Index, less investor fees. The S&P 500 Gold Hedged Index seeks to simulate the combined returns of investing equal dollar amounts in the S&P 500 Total Return Index and long positions in near-term exchange-traded COMEX gold futures contracts, and is rebalanced monthly. The ETN is designed to provide exposure to U.S. large-cap equities, as represented by the S&P 500 Total Return Index, along with a potential hedge against periodic declines in the value of the U.S. dollar, as expressed in the corresponding increases in the price of gold.
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Product profile
Product Name |
UBS E-TRACS S&P 500 Gold Hedged Index |
Underlying Index |
S&P 500 Gold Hedged Index (SPGL5UT) |
Issuer |
UBS AG |
Ticker Symbol |
SPGH |
CUSIP |
902641 661 |
Primary Exchange |
NYSE Arca |
Initial Trade Date |
January 27, 2010 |
Maturity Date |
January 30, 2040 |
Yearly Fee (%) |
0.85% per annum accrued on a daily basis |
Market data
Closing Price |
26.81 |
Volume |
100 |
Net Change |
0.00 |
20 Day Volume Average |
620.00 |
% Change |
0.00 |
Shares Outstanding |
400,000 |
High (52 week) |
32.00 |
Market Cap |
10,724,000.00 |
Low (52 week) |
23.50 |
Daily Indicative Value |
27.50 |
Updated on: July 30, 2010 |
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Returns
Total Return |
Annualized Return |
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S&P 500 Total Return |
10.03% |
0.87% |
Gold Spot |
280.56% |
12.91% |
COMEX Gold Active Month Futures Contracts |
160.44% |
9.08% |
S&P 500 Gold Hedged Index* |
179.33% |
9.78% |
Pro forma and historical results for the period from December 31, 1998 through December 31, 2009.
*The data for the Underlying Index for the period prior to its inception on December 3, 2009 is pro forma and is derived by using the Underlying Index's calculation methodology with historical prices.
Source: Standard & Poors
Historical information presented is as of December 31, 2009 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 differ significantly from historical performance, either positively or negatively.
Index comparisons
The graph above illustrates the performance of the Underlying Index from December 31, 1998 through December 31, 2009 in comparison with three other measures: the S&P 500 Total Return Index, the COMEX Gold Active Month Futures Contracts, and the Spot Price of Gold. Index performance from December 31, 1998 through December 2, 2009 is pro forma hypothetical performance derived by using the Underlying Index’s calculation methodology.
