UBS CMCI ex-Agriculture SF UCITS ETF hGBP acc

What this fund is

UBS CMCI ex-Agriculture SF UCITS ETF hGBP acc is an exchange-traded fund (ETF) from UBS, traded under the ticker UD08 (ISIN IE00BYT5CX00). 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 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 0.34% a year — about €34 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 tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP. Its price has swung about 104.5% over the past year — a gauge of how much the value moves, not a judgement of quality.

It launched in 2018. 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.)