What is BCI?

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.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCI -3.32% -8.34% -8.79% -18.94% 16.56% 4.24% --
BCI (NAV) -2.87% -7.98% -8.23% -18.60% 18.76% 4.29% --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI -4.29% -8.27% -8.99% -20.31% 27.28% 3.92% -4.13%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Abrdn Plc
03/30/17
0.25%
$791.79M
No Underlying Index
S&P GSCI
Open-Ended Fund

Peers

S&P GSCI

Fund Flows

-$0.01B 5 Days
-$0.01B 30 Days
+$0.05B 90 Days

BCI Portfolio Data

Futures
Extended Term
N/A
--

BCI Index Data

No Underlying Index
Multi-Factor
Fixed
S&P GSCI

BCI Portfolio Management

0.25%
--
--
--

BCI Tax Exposures

20.00% / 39.60%
--
No

BCI Fund Structure

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

Factset Analytics Block Liquidity

As of 03/24/23

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

382,874
$8.05M
295,372
$6.32M
0.08%
$0.02
0.03%
0.74% / -0.78%
None
100.00%
50,000
5.91
0.02%
--
131
$20.17
5

BCI Sector Breakdown

BCI Segment
Benchmark
75.58% --
24.42% --

BCI Top 10 Targeted Commodity Weights

22.58%
5.05%
5.05%
5.04%
5.03%
5.02%
4.79%
4.79%
4.78%
4.78%
66.92%

BCI Performance Statistics

0.80
0.70
--
--
0.00%

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.