BCD

Aberdeen Standard Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF
C

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*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 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

Aberdeen Standard Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. Aberdeen Standard Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF ranks in the 83th percentile within its peer group and in the 92nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

BCD Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
  • YTD
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  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCD -0.55% -0.93% 3.08% -6.98% -- -- --
BCD (NAV) -0.66% -0.91% 3.46% -7.20% -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -2.95% -2.27% 9.77% -14.16% 1.23% -10.49% -6.08%
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%
$3.57M
$12.82K
0.23%

BCD Portfolio Data

Futures
Extended Term
N/A
5

BCD Index Data

No Underlying Index
Proprietary
Proprietary
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 10/18/19
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

335
$12.82K
100
$5.25K
0.23%
$0.05
-0.04%
2.71% / -0.56%
None
100.00%
50,000
0.00
0.02%
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0
$23.90
5

BCD Top 10 Targeted Commodity Weights

43.87%
32.86%
18.68%
4.45%
0.13%
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

0.81
0.44
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0.00%

BCD MSCI ESG Ratings

A
6.70 / 10
92.42
82.65
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