UBS CMCI Composite SF UCITS ETF USD acc

The UBS FS CMCI Composite SF ETF aims to replicate the UBS CMCI Composite Total Return index by using synthetic replication through swap agreements. Instead of directly holding the individual securities of the index, the fund invests in fully funded total return swaps with its counterparty, ensuring that its exposure is over-collateralized by 105%. This approach allows the fund to passively track the performance of the composite index by relying on these swap contracts rather than owning the underlying stocks or other assets directly.