http://apiprod.etf.internal.com/private/fund/OIL/fundreport
OIL

OIL

iPath S&P GSCI Crude Oil Total Return ETN
CLOSING PRICECHANGE (%)VOLUME
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>
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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C

92
  • Overview
  • Efficiency
  • Tradability
  • Fit

OIL Fund Description

The iPath S&P GSCI Crude Oil Total Return ETN tracks an index of a single, front-month WTI crude oil futures contract.

OIL Factset Analytics Insight

Note: The issuer has suspended creations in OIL, which can cause the note to trade at substantial premiums at times. Also, OIL is one of a handful of ETNs with path-dependent fees, meaning you could pay significantly higher holding costs than the headline expense ratio implies. Consider OILB, which tracks the same index and avoids these issues.

OIL offers straightforward oil futures exposure in an ETN wrapper. It uses the most basic method for exposure; namely, near-month futures contracts (spot oil is effectively uninvestable). OIL's index rolls expiring contracts into the next-nearest month, a method also used by rival fund USO and our benchmark. The downside of this approach is heightened sensitivity to negative roll yield when WTI oil futures are in contango. Still, this method of exposure is popular with investors. OIL's ETN wrapper means it's backed by Barclays' credit rather than futures and cash as rival commodity pool structures use. OIL investors get 1099s at tax time, not K-1s. OIL has seen significant premiums at times due to suspended creations, and is also prone to major tracking error.

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

OIL Summary Data

iPath
08/15/06
Exchange-Traded Note
0.75%
$733.02M
$12.55M
0.19%

OIL Portfolio Data

Futures
Front Month
Annually
--

OIL Index Data

S&P GSCI Crude Oil Index
Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to OIL

OILB, OILX, USO, BNO, OIIL
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

OIL Portfolio Management

0.75%
-3.28%
20.57%
-9.41%

OIL Tax Exposures

20% / 39.6%
--
No

OIL Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:575.4031
15:59:575.40200
15:59:575.402,900
15:59:565.40100
15:59:565.40100
15:59:535.402,900
15:59:305.40200
15:59:245.40100
15:59:175.40100
15:59:045.40100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

OIL Factset Analytics Block Liquidity

As of 10/20/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of OIL. OIL is rated a 0 out of 5.

OIL Tradability

2,439,345
$12.55M
2,110,381
$10.82M
0.19%
$0.01
1.07%
8.85% / -0.74%
Potential
100%
50,000
42.21
0.00%
--
98,140
$5.32
0

OIL Sector Breakdown

OILSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

OIL Top 10 Targeted Commodity Weights

OIL Tenor Strategy

OIL invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.

OIL Performance Statistics

1
1.1
1.09
1.11
0%

OIL Rolling Strategy

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