BAL

iPath Series B Bloomberg Cotton Subindex Total Return ETN
C

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*Unless otherwise stated, data provided by FactSet.

BAL Fund Description

BAL tracks a single cotton futures contract with one month to five months to maturity, depending on the time of year.

BAL Factset Analytics Insight

BAL tracks an index of cotton futures contracts anywhere from one to five months from maturity. This particular tenor strategy takes into consideration the lifecycle of the cotton plant—holding longer contracts during incubation and shorter contracts during harvest. It also allows the index to select the most liquid contracts available given the lifecycle constraints. Considering that our segment benchmark tracks front-month-only cotton contracts, anticipate BAL to deviate slightly from the benchmark; however, you won't get any surprises performance-wise as long as you do not expect perfect exposure to spot prices. Due to BAL's ETN structure, investors will not receive a K1 at tax time. BAL replaced an older ETN with the same ticker. The newer, “series B” note tracks the same index, but charges a lower fee and avoids path dependency issues that made its predecessor more expensive to hold over time. It also includes a call provision. The new version traded under the ticker BALB until November 16, 2018.

BAL Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/10/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BAL 5.50% -1.35% -14.22% -20.88% -- -- --
BAL (NAV) 3.63% -3.38% -15.10% -21.57% -- -- --
Bloomberg Cotton Subindex Total Return 3.67% -3.27% -14.80% -21.22% -2.57% -0.56% --
S&P GSCI Cotton Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BAL Summary Data

iPath
01/17/18
Exchange-Traded Note
0.45%
$11.29M
$271.83K
0.37%

BAL Portfolio Data

Futures
Extended Term
N/A
0

BAL Index Data

Single Asset
Single Asset
S&P GSCI Cotton Index

BAL Portfolio Management

0.45%
-0.35%
-0.29%
-0.44%

BAL Tax Exposures

20.00% / 39.60%
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No

BAL Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BAL Factset Analytics Block Liquidity

As of 10/11/19
5
4
3
2
1

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

BAL Tradability

7,392
$271.83K
3,781
$134.15K
0.37%
$0.14
0.01%
1.72% / -0.57%
None
100.00%
50,000
0.08
0.00%
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7,617
$37.48
5

BAL Sector Breakdown


BAL
Segment Benchmark
100.00%
100.00%

BAL Tenor Strategy

N/A

BAL Rolling Strategy

N/A

BAL Performance Statistics

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0.00%