ETRACS Gold Shares Covered Call ETNs due February 2, 2033ETRACS Gold Shares Covered Call ETNs due February 2, 2033ETRACS Gold Shares Covered Call ETNs due February 2, 2033

ETRACS Gold Shares Covered Call ETNs due February 2, 2033

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Key stats


Assets under management (AUM)
‪106.98 M‬USD
Fund flows (1Y)
‪5.90 M‬USD
Dividend yield (indicated)
9.94%
Discount/Premium to NAV
0.6%

About ETRACS Gold Shares Covered Call ETNs due February 2, 2033


Issuer
UBS Group AG
Brand
ETRACS
Expense ratio
0.65%
Inception date
Jan 28, 2013
Index tracked
Credit Suisse NASDAQ Gold FLOWS 103 Index
Management style
Passive
GLDI adds a new twist to the gold segment, tracking an index that uses a covered-call strategy to add income to an asset devoid of yield. The note's index mimics a hypothetical GLD position, coupled with a short position in GLD calls expiring the next month with strike prices 3% higher than the price of GLD at the time of sale. The premiums from the short-call position are replicated with coupon payments and are subtracted from the value of the index. This widely used strategy adds yield, but at the cost of upside participation. It's therefore likely to perform very differently from spot gold prices, and not for those looking for pure gold exposure. GLDI aims to distribute yield monthly, typical of an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.

Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Physically held
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows