BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF
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 27 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 sector level. Contract tenor selection is determined by a set roll schedule that varies by commodity. The fund manages its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space. BCI’s active manager invests the fund’s collateral in cash and short-term, highly rated corporate and government debt.
BCI Summary Data
BCI Portfolio Data
BCI Index Data
BCI Portfolio Management
BCI Tax Exposures
BCI Fund Structure
BCI Factset Analytics Block Liquidity
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 Top 10 Targeted Commodity Weights[View All]
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.