DIRT

iPath Pure Beta Agriculture ETN
C

72
  • Overview
  • Efficiency
  • Tradability
  • Fit

DIRT Fund Description

The iPath Pure Beta Agriculture ETN tracks an index of agriculture futures contracts whose expiration dates are chosen to mitigate contango.

DIRT Factset Analytics Insight

This ETN will be called on 04/12/2018. DIRT is a true second-generation product, taking a popular index (the Barclays Agriculture Commodity Index) and attempting to improve it by selecting contracts to minimize contango. It comes just above the middle of the cost spectrum for the Agricultural Commodities segment, and its structure as an ETN makes it a tax-efficient choice. In contrast to our production-weighted benchmark, DIRT weights its commodities based on three-year trailing liquidity. This more than doubles the weighting of soybeans and soybean derivatives in the portfolio and significantly cuts the fund's exposure to sugar and wheat. Its low AUM can make DIRT expensive to trade, so investors must be certain they believe in the strategy before braving the fund's choppy trading.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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DIRT Top 10 Contracts

DIRT Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$1.16M
$8.33K
0.22%

DIRT Portfolio Data

Futures
Optimized
Monthly
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DIRT Index Data

Liquidity
Liquidity
S&P GSCI Agriculture

Related ETFs to DIRT

DBA, USAG, AGF, RJA, JJA
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DIRT Portfolio Management

0.85%
-0.80%
1.00%
-1.24%

DIRT Tax Exposures

20.00% / 39.60%
--
No

DIRT Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Closing
None
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 17:01:34
Daily Spread
Premium/Discount
Volume

DIRT Factset Analytics Block Liquidity

As of 01/16/18
5
4
3
2
1

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

DIRT Tradability

241
$8.33K
20
0
0.22%
$0.07
0.03%
4.40% / -5.14%
None
100.00%
50,000
0.00
0.00%
--
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$29.19
5

DIRT Sector Breakdown

DIRTSegment Benchmark
100.00% 99.99%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

DIRT Top 10 Targeted Commodity Weights

33.82%
22.77%
9.59%
8.44%
8.00%
6.98%
4.07%
3.98%
2.34%

DIRT Tenor Strategy

DIRT's optimized tenor selection aims to replicate front-year returns without being subject to front-month market disruptions.

DIRT Performance Statistics

0.87
0.94
0.95
0.97
0.00%

DIRT Rolling Strategy

DIRT rolls contracts over an annually pre-determined 5 day period each month.