BCD
ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETFBCD Fund Description
The ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF 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 26 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 26 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 commodity, sector and group levels. 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.BCD is organized as an open-ended ETF, rather than a commodity pool, so taxable investors pay the usual long- and short-term capital gains rates on sale and avoid receiving an annual K-1 tax form. The fund manages this feat by gaining its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space.
BCD MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of August 16, 2018 the ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF MSCI ESG Fund Quality Score is 6.89 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. BCD ranks in the 98th percentile within its peer group and in the 92nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
BCD CHARTS AND PERFORMANCE
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BCD Top 10 Holdings
BCD Summary Data
BCD Portfolio 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 Tradability
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
BCD MSCI ESG Ratings
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.