UBS Gold ETF USD dis

What this fund is

UBS Gold ETF USD dis is an exchange-traded fund (ETF) from UBS, traded under the ticker OAUE (ISIN CH0106027193). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. Its largest holdings include GOLD OZ PHYSICAL.

By geography it is weighted towards ~100% Switzerland. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.23% a year — about €23 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class), and over the last year it paid out roughly 0.22% (its trailing yield).

It holds the underlying investments directly (physical replication); it is domiciled in Switzerland and trades in USD. Its price has swung about 162.7% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2010. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from UBS.)