Basic Fund Data
Fund Provider:	UBS
Asset Class:	Commodity
Fund Category:	Commodity
Ticker:	UBN
Expense Ratio:	0.65%
Fund Category Expense Ratio Average:	0.73%
Options:	No
Fund Inception Date:	04-01-2008
Fund Structure:	Exchange-Traded Note
Fund Weighting Restrictions:	Not Applicable
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	UBS Bloomberg CMCI Energy Index Total Return
Index Provider:	Bloomberg
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Screened
Security Selection Method:	Multi Factor
Security Selection Frequency:	Semi-annual
Index Weighting Category:	Fundamental
Index Weighting Method:	Multi Factor
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	-15.6%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	14.34
2008:
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$4.4
P/E Ratio:
P/B Ratio:
Median Market Cap:
12-month yield:	0%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-2
Beta:	0.77
Standard Deviation:	11.02
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The E-TRACS UBS Bloomberg CMCI Energy Index ETN (Ticker: UBN) seeks investment results that correspond generally to the performance, before fees and expenses, of the UBS Bloomberg CMCI Energy Index Total Return. The index measures the collateralized returns from a basket of seven futures contracts representing the energy sector (WTI Crude Oil - NYMEX:CL, HHUB Natural Gas, Brent Crude Oil, WTI Crude Oild - ICE:EN, Heating Oil #2, Gasoline, RBOB Gasoline). The commodity futures contracts are diversified across five constant maturities from three months up to three years. For a commodity contract to be included in the CMCI, certain primary and secondary criteria have to be fulfilled, such as technical characteristics and financial thresholds. The weighting process for the CMCI is designed to reflect the economic significance and market liquidity of each commodity. A two-step approach is used to determining target weights of the futures contracts in the CMCI. 1) Regional Consumer Price Indexes (CPI), Producer Price Indexes (PPI) and Gross Domestic Product (GDP) data are used to produce the Economic Weight (EW) of each of the sub-sectors of the CMCI. 2) The market value of the amount of each commodity that is consumed is used to calculate the individual instrument weight of each commodity, based on such market value as a percentage of the total market value of the consumption of all commodities included in the relevant sector. The CMCI Governance Committee reviews the weightings of the futures contracts in November and May. The ETN is issued by UBS AG.