UBS CMCI ex-Agriculture SF UCITS ETF USD acc

What this fund is

UBS CMCI ex-Agriculture SF UCITS ETF USD acc is an exchange-traded fund (ETF) from UBS, traded under the ticker CXAU (ISIN IE00BZ2GV965). 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 follows the CMCI ex-Agriculture index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down.

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. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. 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 USD.

Its price has swung about 15.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2016. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from UBS.)