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

ONG

iPath Pure Beta Energy 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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D

86
  • Overview
  • Efficiency
  • Tradability
  • Fit

ONG Fund Description

The iPath Pure Beta Energy ETN tracks an index that comprises energy futures contracts whose expiration dates are chosen to mitigate contango.

ONG Factset Analytics Insight

ONG is an unpopular, illiquid ETN that tries to limit the effects of contango. The ETN, like our benchmark, focuses on six energy commodities, but unlike the benchmark, tries to dynamically pick the futures contracts it uses for exposure in order to mitigate contango. However, the strategy doesn't seem to have paid off: ONG hasn't performed significantly differently than our front-month-based benchmark. The ETN overweights WTI crude oil and underweights Brent, but is otherwise similar. Although ONG is pricey at 85 bps, the note does a decent job when it comes to tracking. However, the all-in costs are much higher due to high bid/ask spreads. ONG's meager asset base of $1.5M makes it a prime candidate for closure. In short, ONG doesn't have much to recommend it.

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

ONG Summary Data

iPath
04/20/11
Exchange-Traded Note
0.85%
$729.84K
$2.56K
0.4%

ONG Portfolio Data

Futures
Optimized
Monthly
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ONG Index Data

Barclays Commodity Index Energy Pure Beta TR
Liquidity
Liquidity
S&P GSCI Energy

Related ETFs to ONG

DBE, JJE, RJN, UBN
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

ONG Portfolio Management

0.85%
-0.47%
-0.36%
-0.81%

ONG Tax Exposures

20% / 39.6%
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No

ONG 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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BIDS----
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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

ONG 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 ONG. ONG is rated a 5 out of 5.

ONG Tradability

163
$2.56K
0
0
0.4%
$0.07
-0.06%
14.09% / -13.95%
None
100%
50,000
0
0.00%
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$17.17
5

ONG Sector Breakdown

ONGSegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

ONG Top 10 Targeted Commodity Weights

ONG Tenor Strategy

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

ONG Performance Statistics

0.99
0.93
0.95
0.94
0%

ONG Rolling Strategy

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