BCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
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 roughly more than 20 commodities.
BCD Factset Analytics Insight
BCD is perhaps best thought of as an index-tracking fund with an active overlay. The fund generally follows its benchmark — Bloomberg Commodity Index 3 Month Forward, but attempts to boost returns through the active management of the fund’s collateral. The index includes the following commodity futures contracts: agriculture, energy, livestock, and metals sectors, there are 25 eligible commodities but may vary. 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 Summary Data
BCD Portfolio Data
BCD Index Data
BCD Portfolio Management
BCD Tax Exposures
BCD Fund Structure
BCD Factset Analytics Block Liquidity
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 Sector Breakdown
BCD Top 10 Targeted Commodity Weights[View All]
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.