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About UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033
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Inception date
Jan 28, 2013
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
Credit Suisse Securities (USA) LLC
ISIN
US22542D2339
GLDI adds a new twist to the gold segment, tracking an index that uses a covered-call strategy to add income to an asset devoid of yield. The note's index mimics a hypothetical GLD position, coupled with a short position in GLD calls expiring the next month with strike prices 3% higher than the price of GLD at the time of sale. The premiums from the short-call position are replicated with coupon payments and are subtracted from the value of the index. This widely used strategy adds yield, but at the cost of upside participation. It's therefore likely to perform very differently from spot gold prices, and not for those looking for pure gold exposure. GLDI aims to distribute yield monthly, typical of an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GLDI last dividends amounted to 1.75 USD. The month before, the issuer paid 1.34 USD in dividends, which shows a 23.13% increase.
Yes, GLDI pays dividends to its holders with the dividend yield of 15.31%. The last dividend (Aug 26, 2025) amounted to 1.34 USD. The dividends are paid monthly.
GLDI shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Jan 28, 2013, and its management style is Passive.
GLDI expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
GLDI follows the Credit Suisse NASDAQ Gold FLOWS 103 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.