FOIL

iPath Pure Beta Aluminum ETN
D

91
  • Overview
  • Efficiency
  • Tradability
  • Fit

FOIL Fund Description

The iPath Pure Beta Aluminum ETN tracks an index of a single aluminum futures contract whose expiration date is chosen to mitigate contango.

FOIL Factset Analytics Insight

FOIL is the second fund to launch in the Aluminum segment, a follow-on offering from iPath that charges 10 bps more than JJU. For 85 bps, you get exposure to one futures contract on aluminum, but unlike our benchmark and JJU, FOIL tracks the contract its index provider deems to be least impacted by contango. This second-generation strategy will benefit investors most when the market for aluminum is in steep contango, assuming the index provider is able to select the right contract. In the past, FOIL has sometimes managed to slightly outperform its only competitor, but not enough to justify its 10 bp premium. The fund's paltry asset total means it's both at risk of closure and costs over 85 bps round trip to trade, so investors must be confident the strategy will bear fruit.

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

FOIL Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$475.54K
$2.48K
1.02%

FOIL Portfolio Data

Futures
Optimized
N/A
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FOIL Index Data

Single Asset
Single Asset
S&P GSCI Aluminum

Related ETFs to FOIL

JJU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

FOIL Portfolio Management

0.85%
-1.01%
96.20%
-5.29%

FOIL Tax Exposures

20.00% / 39.60%
--
No

FOIL Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Bats Book Viewer
TOP OF BOOK
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LAST 10 TRADES
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

FOIL Factset Analytics Block Liquidity

As of 01/12/18
5
4
3
2
1

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

FOIL Tradability

70
$2.48K
0
0
1.02%
$0.29
0.01%
5.47% / -6.93%
None
100.00%
50,000
0
0.00%
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$29.50
5

FOIL Sector Breakdown

FOILSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

FOIL Top 10 Targeted Commodity Weights

FOIL Tenor Strategy

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

FOIL Performance Statistics

0.98
0.95
0.96
0.96
0.00%

FOIL Rolling Strategy

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