2014 Weights for the Dow Jones-UBS Commodity Index Announced by S&P Dow Jones Indices and UBS Investment Bank

NEW YORK (October 31, 2013) – S&P Dow Jones Indices and UBS Investment Bank announced today new target weightings for the Dow Jones-UBS Commodity Index. There are no additions or deletions to the index as a result of the annual reconstitution. The 2014 target weights are scheduled to be effective in January 2014.

Target weightings of all Dow Jones-UBS Commodity Index components for 2014, as well as their comparative weights in 2013, are listed below:

  2014 Target Weights 2013 Target Weights
Natural Gas 9.4459780% 10.4235920%
WTI Crude Oil 8.4888470% 9.2058850%
Brent Crude Oil 6.5111530% 5.7941150%
Unleaded Gasoline 3.6167190% 3.4613410%
Heating Oil 3.7183830% 3.5193580%
Live Cattle 3.2720630% 3.2834170%
Lean Hogs 1.8724410% 1.8997650%
Wheat 3.3411750% 3.4332700%
HRW Wheat 1.2147910% 1.3206450%
Corn 7.1958200% 7.0531450%
Soybeans 5.6839430% 5.4947720%
Soybean Oil 2.8304030% 2.7426180%
Soybean Meal 2.6824040% 2.6066650%
Aluminum 4.7216600% 4.9131960%
Copper 7.5083040% 7.2773320%
Zinc 2.3138150% 2.5192160%
Nickel 2.0535200% 2.2436190%
Gold 11.5330580% 10.8186130%
Silver 4.1413610% 3.8975030%
Sugar 3.9559400% 3.8839680%
Cotton 1.5784230% 1.7658200%
Coffee 2.3198040% 2.4421460%

The target weights are determined in accordance with construction rules described in the Dow Jones-UBS Commodity Index Methodology. These rules generally account for liquidity and production data in a 2:1 ratio, subject to further requirements for diversification. The Governance Committee has recently implemented a modification to the inclusion requirements and the calculation of the target weights. The change affects continued inclusion of a commodity in the index. Designated contracts will be removed at the next rebalance if their initial weight drops below 0.4%. The minimum weight requirement of 0.5% for addition to the index remains unchanged. By relaxing the rules for continued inclusion, the index continuity will be preserved over time. This rule will now be more in line with standard index practices.

The resulting weights will be used to determine the Dow Jones-UBS Commodity Index Multipliers for 2014. These Multipliers, computed once a year in January, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the Index.

Launched in 1998, the Dow Jones-UBS Commodity Index family includes nine sector sub-indexes, multiple-forward month indices, indices for each individual commodity in the original DJ-UBS CI, Euro-, Yen-, Sterling-, and Swiss Franc-denominated versions of the DJ-UBS CI, and the Dow Jones-UBS Commodity Spot Index. Also available are total return versions of each of the excess return indices and sub-indices. As of December 2012, an estimated $75.0 billion is benchmarked to the Dow-Jones UBS Commodity Index.

For more information:

David Guarino
S&P Dow Jones Indices
(+1) 212 438 1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907

Megan Stinson
UBS, Media Relations

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Journalists may e-mail questions regarding this press release to or contact Dow Jones Indexes press office:

New York: +1-212-597-5720
London: +44-20-7796-7247

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About UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets. UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).