BCD

ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF
C

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

BCD Fund Description

The ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF seeks to outperform a broad-market commodity index through the active management of the fund’s collateral. The index includes longer-dated futures contracts on up to 26 commodities.

BCD Factset Analytics Insight

Actively managed BCD is perhaps best thought of as an index-tracking fund with an active overlay. The fund generally follows its benchmark—the Bloomberg Commodity Index 3 Month Forward—but attempts to boost returns through the active management of the fund’s collateral. The index includes a maximum of 26 commodity futures contracts in the agriculture, energy, livestock, and metals sectors. Futures positions are weighted 2/3 by trading volume and 1/3 by world production. The index rebalances each January, with weight-caps applied at the commodity, sector and group levels. Contracts are selected several months out on the futures curve and held for 2-4 months, according to a set roll schedule that varies by commodity. BCD’s active manager invests the fund’s collateral in cash and short-term, highly rated corporate and government debt.

BCD is organized as an open-ended ETF, rather than a commodity pool, so taxable investors pay the usual long- and short-term capital gains rates on sale and avoid receiving an annual K-1 tax form. The fund manages this feat by gaining its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space.

BCD MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 15, 2018 the ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF MSCI ESG Fund Quality Score is 6.89 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. BCD ranks in the 91st percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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BCD Top 10 Holdings

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BCD Summary Data

ETFS
03/30/17
Open-Ended Fund
0.29%
$6.55M
$62.26K
0.16%

BCD Portfolio Data

Futures
Variable
N/A
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BCD Index Data

No Underlying Index
Multi-Factor
Fixed
S&P GSCI

Related ETFs to BCD

DJP, BCI, UCI, DJCI, UCIB
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

BCD Portfolio Management

0.29%
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BCD Tax Exposures

20.00% / 39.60%
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No

BCD Fund Structure

Open-Ended Fund
No
No
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

BCD Factset Analytics Block Liquidity

As of 02/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BCD. BCD is rated a 5 out of 5.

BCD Tradability

2,226
$62.26K
1,090
$34.54K
0.16%
$0.04
0.01%
2.52% / -2.14%
None
100.00%
50,000
0.02
0.02%
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$26.26
5

BCD Sector Breakdown

BCD Tenor Strategy

BCD uses the contract expiration to determine roll process to choose contracts 4-6 months to maturity.

BCD Performance Statistics

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0.00%

BCD Rolling Strategy

Based on a set roll schedule to avoid physical delivery and maintain intermediate exposure.<br /><br />

BCD MSCI ESG Ratings

6.89 / 10
90.57
90.85
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