UBS ETRACS CMCI Food Total Return ETN
FUD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 1, 2009
- Similar Companies
- Business
- UBS ETRACS CMCI Food Total Return ETN (FUD) is an exchange-traded note issued by UBS AG (Jersey Branch) that seeks to track the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Food Total Return Index. The index measures the collateralized returns from a diversified basket of agriculture and livestock futures contracts, comprising 11 agriculture futures contracts—including corn, soybeans, soybean meal, soybean oil, wheat, sugar, coffee, cocoa, cotton, live cattle, and lean hogs—and two livestock futures contracts, with three target maturities for each individual commodity to represent the entire liquid forward curve. Launched on April 1, 2008, the ETN matures on April 5, 2038, and trades on the NYSE Arca exchange under the ticker FUD, targeting investors seeking exposure to food commodity markets. The ETN operates within the commodities-focused segment of the exchange-traded products industry, providing leveraged exposure to agricultural and livestock sectors without direct ownership of physical commodities or futures contracts. UBS AG, headquartered in Zurich, Switzerland, serves as the sole issuer and obligor for this Series A ETN, distinguishing it from Series B ETNs where co-obligor arrangements differ. It caters primarily to institutional and retail investors interested in diversified commodity total return strategies, with global accessibility through U.S. exchanges. In recent developments, UBS AG announced a mandatory redemption of certain Series A ETRACS ETNs, including FUD, with suspensions of further sales and waivers of minimum early redemption sizes implemented around 2020 amid market volatility. The firm has continued to declare periodic coupon payments on surviving ETRACS ETNs, including commodity-linked products, with announcements as recent as November 2025. Additionally, UBS Group AG entered a long-term strategic partnership with London Stock Exchange Group (LSEG) in July 2025 to enhance data and analytics capabilities across asset classes, supporting operational efficiencies and product innovation in its exchange-traded offerings.