Overview
The fund invests in MKS PAMP carbon neutral physical gold in the form of standard bars 12.5 kilograms (about 400 oz). The gold is kept in a high security vault in Switzerland.
The investment objective is to replicate the performance of the Carbon Neutral LBMA Gold USD Index Gold Price in USD. The stock exchange price may differ from the net asset value.
The fund is passively managed.
Benefits
Clients benefit from the flexibility of an exchange-traded investment.
Provides access to the performance of gold with a single transaction.
The fund offers a high degree of transparency and cost efficiency.
Risks
This UBS Exchange Traded Fund invests in gold and may therefore be subject to considerable fluctuations in value. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID. All capital investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The main risk of gold is that there is a lack of risk diversification due to the concentration of the investment in gold. Sustainability risks are not considered as part of the Index selection process. Therefore, sustainability risks are not systematically integrated. The fund's assets are passively managed. As a result, the net asset value of the fund's assets is directly dependent on the performance of gold.
Features
| Name of fund |
UBS Carbon Compensated Gold ETF
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| Share class |
UBS Carbon Compensated Gold ETF USD acc
|
| Fund domicile |
Switzerland
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| Launch date |
02.03.2023
|
| TER (flat fee) |
0.30%
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| Securities no. |
123305632
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| Reuters ID |
GLDCO2.S
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| Fund type |
open-end
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| SFDR Classification |
Art.8
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| UCITS V |
no
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| Currency of share class |
USD
|
| Accounting year end |
30 June
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| Replication methodology |
Physical (Full replicated)
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| Shares outstanding |
2,080,000
|
| Assets (m) |
USD 51.76
|
| Total fund assets (m) |
USD 51.76
|
Performance and prices
Volatility (as of last month end)
| 1Y | 2Y | 3Y | 5Y | |
| Fund Volatility | - | 12.59% | - | - |
| Benchmark Volatility | - | 12.58% | 17.46% | 16.79% |
| Tracking Error (ex post) | - | 0.02% | - | - |
Latest dividend declaration
| Pay date | 09-Sep-2025 |
| Distribution date | 05-Sep-2025 |
| Distribution | 0.00 |
| Currency | USD |
Net Asset Values
Last 7 days
From
28-Jul-2021
To
04-Aug-2021
|
Date
|
Adjusted NAV
|
Official NAV
|
Index
|
Distribution
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Currency
|
| 07.01.2026 | USD 23.9766 | USD 23.9766 | 241.62 | ||
| 08.01.2026 | USD 23.9297 | USD 23.9297 | 241.15 | ||
| 09.01.2026 | USD 24.2778 | USD 24.2778 | 244.66 | ||
| 12.01.2026 | USD 24.9203 | USD 24.9203 | 251.14 | ||
| 13.01.2026 | USD 24.9746 | USD 24.9746 | 251.69 | ||
| 14.01.2026 | USD 24.8851 | USD 24.8851 | 251.69 |
Sustainability
No sustainable investment objective
This financial product promotes environmental or social characteristics, but does not have as its objective sustainable investment.
Environmental or social characteristics of the financial product
The following characteristic(s) are promoted by the financial product:
1. 100% of scope 1, 2 and 3 carbon emissions will be compensated with Verra Carbon Unit offsets. Compensation in this context means, that Verra invests in nature based projects, and the plants (e.g. trees) absorb CO2 and with this neutralize the CO2 emissions from the Gold mining, production, etc. For every ton CO2 absorbed, one Verra Carbon Unit will be issued from Verra. MKS PAMP at the other hand buys 1 Verra Carbon Unit per ton CO2, that has been emitted during the lifecycle of MKS Carbon neutral gold. The Verra Carbon Units purchased for the emission compensation will be retired in the Verra registry and cannot bet traded anymore, they are removed from the market. This prevents from multiple offsetting of CO2 emissions with the same Verra Carbon Unit.
The financial product references its performance against the benchmark []. The benchmark is aligned with the environmental and/or social characteristics promoted by this financial product.
The above characteristic(s) is / are measured using the following indicators respectively:
1. • CO2 emissions in tonnes per kilogram of gold, • Number of respective offsets with Verra Carbon Units.
Investment strategy
The following binding element(s) of the investment strategy is / are used to select the investments to attain the characteristic(s) promoted by this financial product:
1. 100% of scope 1, 2 and 3 carbon emissions will be compensated with Verra Carbon Unit offsets. The match between CO2 emissions of the gold and respective offsets with Verra Carbon Units will be audited from Carbon Trust and certified according to PAS 2060, British Standards (BSI). The calculation does not take into account cash, derivatives and unrated investment vehicles.
The following binding elements of the investment strategy are used to select in-vestments that meet the characteristics advertised by this financial product.
100% of scope 1, 2 and 3 carbon emissions will be compensated with Verra Carbon Unit offsets.
The match between CO2 emissions of the gold and respective offsets with Verra Carbon Units will be audited from Carbon Trust and certified according to PAS 2060, British Standards (BSI).
The calculation does not take into account cash, derivatives and unrated investment vehicles.
Sub-Funds following an index are subject to good governance, therefore the assessment on a look-through basis should be applied. However, since the sub-fund invests in gold, and good governance assessment is not applicable to commodities, nor is the index with underlying asset class being a commodity, there is no policy against which it is assessed for this sub-fund.
Proportion of investments
The minimum proportion of the investments used to meet the environmental and/or social characteristics promoted by the financial product is 99%.
Derivatives are not used for the attainment of the characteristics promoted by this financial product. Derivatives are primarily used for hedging and liquidity management purposes.
Methodologies
The methodology of the construction of the Index can be found in the annex to the prospectus or supplement.
Data sources and processing
The data sources used to attain the stated environmental or social characteristics are as follows:
LBMA carbon neutral Gold pm Fixing Index
Data is consumed from leading provider(s)
Limitations to methodologies and data
We apply a minimum coverage threshold for the data sources used to attain the stated environmental or social characteristics of the financial product, these thresholds ensure that the binding targets can be monitored and measured. Accuracy of data is dependent on 3rd party providers, coverage of data sources can be less than 100% due to uncovered asset types, incomplete or inconsistent data and gaps in the coverage of these 3rd party providers.
Due diligence
Due diligence is carried out on index providers and/or data providers. This financial product is passively managed and seeks to track the performance and the ESG profile of the Index. Sustainability characteristics and risks are considered as part of the Index selection process.
Engagement policies
In terms of passive strategies tracking sustainability indexes as is the case with this financial product, the engagement process helps us to identify companies where material ESG and sustainability factors may present a future negative risk. While the UBS AM engagement program is across all asset classes and portfolios, the impact on passively managed fixed income strategies might be reduced, mainly due to the lack of voting rights and that companies which failed in UBS AM's engagement process are typically not excluded due to the passive management style. Nevertheless, passively managed fixed income assets are part of the engagement with senior management, as all other assets the firm manages, in order to achieve the biggest possible impact.
Designated reference benchmark
The financial product has initially selected the Reference Benchmark for its relevance to its investment strategy and the attainment of the characteristics it seeks to promote. The Index rebalances on a quarterly basis. More details on the index methodology applied by the index provider can be found below.
The financial product originally selected the benchmark index for its relevance in relation to the investment strategy and the characteristics that this index seeks to promote. The investment manager checks the index method when setting up the product and can contact the index provider if the index method is no longer in line with the investment strategy of the financial product.
The broad market index is the LBMA pm fixing index. This index invests exclu-sively in physical gold that meets the standards of the LBMA and is not classified as a sustainable investment. On the other hand, the LBMA carbon neutral Gold pm Fixing Index invests exclusively in MKS PAMP carbon neutral gold, for which the entire CO2 footprint has been compensated. The gold of the broad market index, on the other hand, has a CO2 footprint that has not been compensated.
The methodology of the construction of the Index can be found in the fund supplement https://www.solactive.com/indices/?index=DE000SL0B798 https://www.solactive.com/wp-con-tent/uploads/solactiveip/en/ESG_Methodology_Statement_DE000SL0B798.pdf https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SL0B798.pdf
Holdings
Show securities lending
Collateral 12 month lending summary
as of last month end
Securities Lending as of 11-Jan-2022
From
11-Jan-2021
To
11-Jan-2022
No distributions. Continuous reinvestment of income
Distributions
Sales Authorisations
Brochures
Agreement / Prospectus
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Document type
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Document Language
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| Key Information Document |
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| Past performance |
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| Previous performance scenario |
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| Prospectus |
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| SFDR Pre-Contractual Annex |
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Annual and semi-annual report
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Document type
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Document Language
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| Annual report |
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| Annual report 2024 |
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| Annual report 2023 |
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| Semi-annual report |
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| Semi-annual report 2023 |
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Other Docs
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Document type
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Document Language
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| Gold Bar List |
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General information
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Document type
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Document Language
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| Tax list |
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Contact
| Exchange | Currency | iNAV | Bid | Ask | Total volume | Total turnover | |
 |
SIX Swiss Exchange USD | USD | - | 24.7350 | 25.1600 | - | - |
Terms
For marketing and information purposes by UBS. UBS funds under Swiss law. Arrangements for marketing fund units mentioned in this document may be terminated at the initiative of the management company of the fund(s). Prospectuses, key information document, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available in a language required by the local applicable law free of charge from UBS SA国际传谋 Switzerland AG, c/o UBS AG, Bahnhofstrasse 45, 8001 Zürich or from UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. The product described herein aligns to Article 8 Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Information on sustainability-related aspects pursuant to that regulation can be found on www.ubs.com/funds. Before investing in a product please read the latest prospectus and key information document or similar legal documentation carefully and thoroughly. Any decision to invest should take into account all the characteristics or objectives of the product as described in its prospectus, or similar legal documentation. Investors are acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Any Index referenced in this document is not administered by UBS. Members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs on the product level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration. If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. Commissions and costs have a negative impact on the investment and on the expected returns. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency and exchange rate fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS SA国际传谋 Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): UBS SA国际传谋. A summary of investor rights in English can be found online at www.ubs.com/funds-regulatoryinformation. More explanations of financial terms can be found at www.ubs.com/am-glossary. © UBS 2026. SA国际传谋. All rights reserved.
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