LSTK

iPath Pure Beta Livestock ETN
D

49
  • Overview
  • Efficiency
  • Tradability
  • Fit

LSTK Fund Description

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

LSTK Factset Analytics Insight

LSTK is the newest livestock fund in the segment and separates itself from its peers with a dynamic optimization strategy for selecting contracts on the futures curve in an attempt to minimize the effects of contango. Unfortunately, LSTK hasn't caught on with investors: it has amassed less than $5 million thus far and barely trades. Carrying the highest expense ratio in the segment (0.85%) doesn't help either. The notes lose points for transparency—iPath's website doesn't frequently disclose index components. We do know that LSTK tracks live cattle and lean hogs, excluding feeder cattle. The fund's optimization strategy handily beat our benchmark over the past few years, so its strategy may be worth the high price tag.

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

LSTK Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$1.97M
$48.98K
0.46%

LSTK Portfolio Data

Futures
Optimized
Monthly
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LSTK Index Data

Liquidity
Liquidity
S&P GSCI Livestock

Related ETFs to LSTK

COW, UBC
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

LSTK Portfolio Management

0.85%
-0.91%
0.41%
-3.19%

LSTK Tax Exposures

20.00% / 39.60%
--
No

LSTK Fund Structure

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

LSTK 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 LSTK. LSTK is rated a 5 out of 5.

LSTK Tradability

916
$48.98K
11
0
0.46%
$0.21
-0.05%
3.38% / -3.14%
None
100.00%
50,000
0.00
0.00%
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$44.24
5

LSTK Sector Breakdown

LSTKSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

LSTK Top 10 Targeted Commodity Weights

LSTK Tenor Strategy

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

LSTK Performance Statistics

0.62
0.70
0.60
0.89
0.00%

LSTK Rolling Strategy

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