COMG

GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF
C

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

COMG Fund Description

The GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF seeks to outperform a broad commodity market index through active management of the fund’s collateral. The index includes futures contracts on 24 different commodities.

COMG Factset Analytics Insight

COMG might be best thought of as an index fund with an active overlay. The fund generally tracks the S&P GSCI, a broad commodity market index that’s weighted by global production. (It’s also our chosen benchmark for the segment.) Expect major exposure to energy—oil in particular—and less to storable commodities, such as gold, which are often produced in small quantities relative to their trading activity. As an active fund, COMG has the ability to deviate from the index when the manager deems necessary, but this shouldn’t happen under normal circumstances. Instead, the manager will actively invest the fund’s collateral in high quality, short-term US fixed income securities, with an aim toward beating the index (which assumes that collateral is simply invested in T-bills) before fees.
COMG avoids saddling investors with mark-to-market tax accounting and complicated K-1 tax forms by holding the fund’s futures exposure in a Cayman Islands-based subsidiary—a common structure in the commodity ETP space. It also charges one of the lowest fees in its segment, though it’s notably more expensive the peer fund COMB, which tracks the competing Bloomberg Commodity Index. COMG competes directly with iShares’ GSG and Barclays’ GSP, which also track the S&P GSCI.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:

COMG Top 10 Contracts

COMG Summary Data

GraniteShares
05/22/17
Open-Ended Fund
0.4%
$1.39M
$68.44K
0.11%

COMG Portfolio Data

Futures
Front Month
N/A
--

COMG Index Data

No Underlying Index
Production
Liquidity
S&P GSCI

Related ETFs to COMG

N/A
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

COMG Portfolio Management

0.4%
--
--
--

COMG Tax Exposures

20% / 39.6%
--
No

COMG Fund Structure

Open-Ended Fund
No
N/A
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
----
----
10028.55
10027.88
BIDS10025.73
10025.06
----
----
----
LAST 10 TRADES
TIMEPRICESHARES
------
------
------
------
------
------
------
------
------
------
Bats BZX Real-time Quote - 13:19:03
Daily Spread
Premium/Discount
Volume

COMG Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

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

COMG Tradability

2,410
$68.44K
100
$4.45K
0.11%
$0.03
0.44%
10.14% / -3.59%
None
100%
50,000
0
0.04%
--
--
$26.64
5

COMG Performance Statistics

--
--
--
--
0.00%

COMG Rolling Strategy

0