ETF Evaluator:
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB ()
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(as of Aug 26)
Best Performing in Commodities Broad Basket Over the Last Year
| 54.6% | VanEck Commodity Strategy ETF (PIT) |
| 44.8% | DB Commodity Long ETN (DPU) |
| 40.4% | iShares S&P GSCI Commodity-Indexed Trust (GSG) |
| 40.1% | iPath® Bloomberg Cmdty TR ETN (DJP) |
| 39.9% | Harbor Commodity All-Weather StrategyETF (HGER) |
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ETF Details
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB Overview
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB (UCIB) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). UBS launched the ETF in 2015.
The investment seeks to provide exposure to potential price appreciation in the UBS Bloomberg Constant Maturity Commodity Index Total Return.
The ETN Series B is senior unsecured debt securities issued by UBS. The index is designed to be a diversified benchmark for commodities as an asset class. It is comprised of futures contracts on 27 components, representing 24 commodities, with up to five different maturities for each individual commodity. The overall return on the index is generated by two components: uncollateralized returns on the futures contracts comprising the index and a daily fixed-income return.
About UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB (UCIB)
There are 1 members of the management team with an average tenure of 10.82 years: No Manager (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: UBS Bloomberg CMCI Composite TR USD index with a weighting of 100%. UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB is part of the Real Assets global asset class and is within the Commodities ETF group. UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
UCIB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB expense ratio is average compared to funds in the Commodities Broad Basket category. UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has an expense ratio of 0.55%, which is 17% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.
Recently, in the month of July 2026, UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB returned 6.7%, which earned it a grade of D, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB has a trailing yield of 0.00%, which is below the 5.12% category average.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
UBS ETRACS BgCstMtCdy(CMCI)TtlRetETNSerB Grades
Year to date, the ETF has returned 24.1%, 2.0 percentage points better than the category, which translates into a grade of C. The fund has returned 30.8% over the past year (grade of C), 11.1% over the past three years (grade of D) and 12.0% per year over the past five years (grade of B) and 10.6% per year over the past 10 years (grade of A).
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UCIB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UCIB Return (NAV) | 6.7% | 0.2% | 30.8% | 11.1% | 12.0% | 10.6% |
| UCIB Return (Price) | 6.7% | 3.1% | 30.2% | 11.1% | 12.0% | 10.8% |
| NAV +/- Price Return | -0.023% | -2.895% | 0.578% | 0.038% | 0.011% | -0.255% |
| Commodities Broad Basket Avg | 6.9% | -4.5% | 31.7% | 13.2% | 11.6% | 8.6% |
| UCIB Grade (NAV) | D | A | C | D | B | A |
| +/- Category (NAV) | -0.2% | 4.7% | -0.8% | -2.1% | 0.4% | 2.0% |
| UCIB Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.1% |
UCIB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UCIB Return (NAV) | 24.1% | 9.7% | 5.7% | -2.1% | 18.0% | 37.3% | 4.1% | 10.1% | -11.6% | 8.2% | 17.3% |
| UCIB Return (Price) | 23.8% | 10.8% | 4.8% | -2.3% | 18.2% | 37.3% | 4.1% | 9.9% | -9.5% | 5.9% | 16.3% |
| NAV +/- Price Ret | -0.012% | 0.120% | -0.165% | 0.087% | 0.014% | 0.000% | -0.008% | -1.3% | -18.3% | -28.2% | -5.7% |
| Commodities Broad Basket Avg | 22.1% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| UCIB Grade (NAV) | C | D | D | B | C | B | A | B | C | A | B |
| +/- Category | 2.0% | -5.9% | -1.6% | 2.1% | 2.1% | 5.4% | 8.9% | 2.8% | -0.9% | 2.3% | 5.6% |
| Risk Measures | |
| Beta: | 0.74 |
| R-Squared: | 87% |
| Standard Deviation: | 10.8% |
| Category Risk Index: | 0.75 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.88 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 23 Mil |
| Share Class Assets: | $ 23 Mil |
| Turnover: | na |
| Expense Ratio: | 0.55% |
| Index Fund: | Yes |
| Index Tracked: | UBS Bloomberg CMCI Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 10.8 years | |||
| Managers (Year): Manager No (2015) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | UBS |
| Phone Number: | 877-387-2275 |
| Website: | www.ubs.com/investor-relations |
| Inception Date: | October 9, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.66% |
