BCIMabrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
BCIM Fund Description
BCIM tracks an index of four industrial metals futures with maturities of 1 to 3 months combined with cash collaterals invested in 3-month US treasuries.
BCIM Factset Analytics Insight
BCIM is a passively managed, collateralized commodity investment. The fund generally tracks an index of four industrial metals futures (copper, aluminum, zinc, and nickel)—combined with collaterals in an attempt to enhance returns. The underlying index includes futures contracts with maturities of 1 to 3 months, rolled according to a fixed schedule. At each annual rebalancing, these futures positions are weighted by liquidity and production data, subject to diversification rules. The fund manages its commodity exposure through a wholly owned Cayman Islands subsidiary—a common structure in the commodity ETF space. On another note, its cash collaterals are invested mainly in 3-month US Treasuries whose returns are calculated using the most recent weekly auction high rate. BCIM comes on the back of BCI and BCD, and rounds out abrdn K-1 Free ETF trust.
BCIM Summary Data
BCIM Portfolio Data
BCIM Index Data
BCIM Portfolio Management
BCIM Tax Exposures
BCIM Fund Structure
BCIM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BCIM. BCIM is rated a 5 out of 5.
BCIM Sector Breakdown
BCIM Top 10 Targeted Commodity Weights[View All]
BCIM Tenor Strategy
BCIM invests solely in second-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.
BCIM Rolling Strategy
BCIM rolls contracts over an annually pre-determined 5 day period each month.
BCIM Performance Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.