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
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCD 0.84% 3.84% -1.57% 2.78% -0.66% -- --
BCD (NAV) 1.60% 4.55% -1.47% 2.50% -1.03% -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI 4.19% 3.31% -29.54% -26.34% -9.64% -5.27% -8.45%
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%
$6.03M
$75.57K
0.42%

BCD Portfolio Data

Futures
Extended Term
N/A
8

BCD Index Data

No Underlying Index
Multi-Factor
Fixed
S&P GSCI

BCD Portfolio Management

0.29%
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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 11/24/20
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

3,244
$75.57K
862
$20.35K
0.42%
$0.10
-0.02%
0.94% / -1.24%
None
100.00%
50,000
0.02
0.02%
--
0
$24.12
5

BCD Top 10 Targeted Commodity Weights

33.15%
20.65%
13.26%
13.26%
8.29%
6.63%
3.32%
1.44%
100.00%

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

0.72
0.37
--
--
0.00%