BCD

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free 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 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.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCD 1.87% -7.65% 19.03% 27.00% 20.47% 11.15% --
BCD (NAV) 1.68% -7.87% 18.70% 27.22% 20.29% 11.12% --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -6.56% -6.88% 28.77% 38.21% 14.08% 9.78% -3.13%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BCD Summary Data

Abrdn Plc
Aberdeen
03/30/17
Open-Ended Fund
0.29%
$295.27M
$3.64M
0.23%

BCD Portfolio Data

Futures
Extended Term
N/A
--

BCD Index Data

No Underlying Index
Multi-Factor
Fixed
S&P GSCI

BCD Portfolio Management

0.29%
--
--
--

BCD Tax Exposures

20.00% / 39.60%
--
No

BCD Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily

BCD Factset Analytics Block Liquidity

As of 08/04/22
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

97,059
$3.64M
74,903
$2.98M
0.23%
$0.09
0.18%
2.84% / -1.70%
None
100.00%
50,000
1.50
0.02%
--
118
$36.51
5

BCD Sector Breakdown


BCD
Segment Benchmark
70.80%
--
29.20%
--

BCD Top 10 Targeted Commodity Weights[View All]

26.56%
8.74%
6.75%
6.74%
6.06%
4.04%
4.03%
3.81%
3.69%
3.38%
73.79%

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

0.80
0.62
--
--
0.00%