BCD

Aberdeen Standard Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF
*Unless otherwise stated, data provided by FactSet.

BCD Fund Description

BCD seeks to outperform a broad-market commodity index through the active management of the fund’s collateral. The index includes longer-dated futures contracts on up to 27 commodities.

BCD Factset Analytics Insight

Actively managed BCD is perhaps best thought of as an index-tracking fund with an active overlay. The fund generally follows its benchmark—the Bloomberg Commodity Index 3 Month Forward—but attempts to boost returns through the active management of the fund’s collateral. The index includes a maximum of 27 commodity futures contracts in the agriculture, energy, livestock, and metals sectors. Futures positions are weighted 2/3 by trading volume and 1/3 by world production. The index rebalances each January, with weight-caps applied at the sector level. Contracts are selected several months out on the futures curve and held for 2-4 months, according to a set roll schedule that varies by commodity. BCD’s active manager invests the fund’s collateral in cash and short-term, highly rated corporate and government debt. The fund manages its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space.

BCD 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/09/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCD 4.27% 6.52% -12.36% -9.15% -2.55% -- --
ticker (NAV) 3.07% 5.92% -12.30% -9.02% -2.49% -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI 2.33% 8.30% -34.82% -31.96% -7.43% -11.10% -8.41%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BCD Summary Data

Aberdeen
03/30/17
Open-Ended Fund
0.29%
$3.23M
$22.95K
0.48%

BCD Portfolio Data

Futures
Extended Term
N/A
7

BCD Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

BCD Portfolio Management

0.29%
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--
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BCD Tax Exposures

20.00% / 39.60%
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No

BCD Fund Structure

Open-Ended Fund
No
No
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BCD Factset Analytics Block Liquidity

As of 07/10/20
5
4
3
2
1

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

BCD Tradability

1,072
$22.95K
312
$8.10K
0.48%
$0.10
-0.04%
0.87% / -1.24%
None
100.00%
50,000
0.01
0.02%
--
0
$21.47
5

BCD Top 10 Targeted Commodity Weights

31.03%
26.31%
15.52%
13.96%
6.21%
3.86%
3.10%
99.99%

BCD Tenor Strategy

BCD uses the contract expiration to determine roll process to choose contracts 4-6 months to maturity.

BCD Rolling Strategy

Based on a set roll schedule to avoid physical delivery and maintain intermediate exposure.

BCD Performance Statistics

0.76
0.37
--
--
0.00%