UBS ETRACS CMCI Total Return ETN
UCI
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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2009
- Similar Companies
- Business
- UBS ETRACS CMCI Total Return ETN (ticker: UCI), issued by UBS AG, is an exchange-traded note designed to track the performance of the UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return, less the investor fee of 0.55% accrued daily; this index serves as a diversified benchmark for commodities as an asset class, comprising futures contracts across 28 commodities with varying maturities to incorporate a time dimension in exposure. The ETN provides investors with access to potential price appreciation and total return from the underlying index, which covers broad commodity sectors including energy, metals, agriculture, and softs, without direct investment in futures or physical commodities. UCI trades on the NYSE Arca exchange and was initially launched prior to its replacement by the Series B version, UCIB (CUSIP: 90274D390), which shares the same index linkage, initial trade date of October 8, 2015, and extended maturity date of April 5, 2038. In late 2019, UBS commenced an exchange offer allowing holders of the original UCI ETN to exchange for the ETRACS CMCI Total Return ETN Series B (UCIB), effectively transitioning the product to a new series with updated prospectus terms while maintaining the core commodity index exposure. More recently, UBS has expanded its ETRACS ETN platform through strategic actions including the 2024 rebranding and assumption of three Credit Suisse-issued covered call ETNs following the acquisition of Credit Suisse, adding significant assets under management to its U.S. exchange-traded note offerings. In 2019, UBS launched additional ETRACS Series B ETNs linked to proprietary and commodity indices, reinforcing its focus on structured commodity and leveraged products available on NYSE Arca. As part of ongoing platform maintenance, UBS issued a new base prospectus dated February 6, 2025, for UCIB without altering the ETN's core terms. UBS AG, the issuer and a global systemically important bank headquartered in Zurich, Switzerland, and founded in 1862 through mergers of predecessor institutions, operates the ETRACS suite of exchange-traded notes worldwide, targeting institutional and retail investors seeking targeted market exposure. The UCI/UCIB ETNs focus on commodities broad basket strategies, with no specified subsidiaries but part of UBS Investment Bank's structured products division; geographic operations span U.S. exchanges primarily, with investor access through brokers globally.