UBS E-TRACS Short Platinum UBS Bloomberg CMCI Platinum Excess Return ETN (PTD)

Fund Description

The investment seeks to replicate, net of expenses, the inverse performance of the UBS Bloomberg CMCI Platinum Excess Return index. The index measures the uncollateralized returns from platinum futures contracts. It is designed to be representative of the entire liquid forward curve of platinum contracts. The index, which is rebalanced monthly, is comprised of the platinum futures contracts eligible for inclusion in the CMCI with a single target maturity of three months.