UBS Solactive US Listed Gold & Silver Miners UCITS ETF USD acc

What this fund is

UBS Solactive US Listed Gold & Silver Miners UCITS ETF USD acc is an exchange-traded fund (ETF) from UBS, traded under the ticker GLDSL (ISIN IE000EPIJ442). 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. It passively tracks the Solactive US Listed Gold & Silver Miners index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include NEWMONT CORP, ANGLOGOLD ASHANTI PLC and AGNICO EAGLE MINES LTD.

By geography it is weighted towards ~42.4% Canada, ~22.8% United States and ~9.8% United Kingdom. By industry it concentrates most in ~67.6% Materials. 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 0.36% a year — about €36 a year on a €10,000 holding, taken automatically from the fund.

It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. It launched in 2025. 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.)