BCI

Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free ETF
B

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*Unless otherwise stated, data provided by FactSet.

BCI Fund Description

BCI seeks to outperform a broad-market commodity index through the active management of the fund’s collateral. The index includes 26 commodity futures with maturities of 1-3 months.

BCI Factset Analytics Insight

Actively managed BCI is best thought of as an index-tracking fund with an active overlay. The fund generally follows its benchmark—the Bloomberg Commodity Index—but attempts to boost returns through the active management of the fund’s collateral. The index includes up to 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. Contract tenor selection is determined by a set roll schedule that varies by commodity. BCI’s active manager invests the fund’s collateral in cash and short-term, highly rated corporate and government debt.BCI 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.

BCI 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
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 05/23/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCI -3.57% -3.07% 3.15% -11.96% -- -- --
BCI (NAV) -4.32% -4.53% 2.48% -13.26% -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -7.09% -1.30% 12.44% -13.42% 1.87% -13.34% -4.71%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BCI Top 10 Holdings

BCI Summary Data

Aberdeen
03/30/17
Open-Ended Fund
0.25%
$156.37M
$719.58K
0.10%

BCI Portfolio Data

Futures
Variable
N/A
3

BCI Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

BCI Portfolio Management

0.25%
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BCI Tax Exposures

20.00% / 39.60%
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No

BCI Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

BCI Factset Analytics Block Liquidity

As of 05/24/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BCI. BCI is rated a 5 out of 5.

BCI Tradability

31,629
$719.58K
15,558
$356.36K
0.10%
$0.02
0.00%
0.65% / -0.62%
None
100.00%
50,000
0.31
0.02%
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0
$21.91
5

BCI TOP 10 TARGETED COMMODITY WEIGHTS

23.75%
20.45%
3.72%
47.92%

BCI Tenor Strategy

BCI uses the contract expiration to execute the roll process in choosing contracts 1-3 months to maturity.

BCI Rolling Strategy

Lead future and Next futures contracts rolled to avoid physical delivery monthly.

BCI Performance Statistics

0.69
0.54
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0.00%