BCM

iPath Pure Beta Broad Commodity ETN
F

52
*Unless otherwise stated, data provided by FactSet.

BCM Fund Description

BCM tracks an index of commodities futures contracts whose tenors are chosen to mitigate the effects of contango.

BCM Factset Analytics Insight

BCM tries to beat the Barclays Commodity Index (BCI) by dynamically picking the futures contracts it uses to gain exposure to the BCI's commodities. The BCI weights its holdings based on liquidity, and caps the weight of commodity sectors at 35% and commodity groups (i.e., petroleum) at 20%. As a result, BCM does not closely resemble our uncapped production-weighted benchmark: It severely underweights energy and overweights precious metals. BCM isn’t the cheapest fund in the segment to hold or trade, but its unique basket and dynamic contract picking strategy may justify its somewhat higher cost. Keep an eye on asset levels, which have at times dipped below lower than we’d like.

BCM 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BCM 2.72% 2.89% 7.97% -3.36% 2.84% -5.87% --
BCM (NAV) 3.01% 3.85% 8.64% -3.63% 2.87% -5.65% --
Barclays Commodity Index Pure Beta (TR) 3.09% 4.07% 9.32% -2.80% 3.59% -4.84% --
S&P GSCI 4.90% 3.46% 12.55% -10.59% 4.26% -11.39% -5.22%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BCM Summary Data

iPath
04/20/11
Exchange-Traded Note
0.70%
$55.07M
$52.85K
0.23%

BCM Portfolio Data

Futures
Optimized
Monthly
0

BCM Index Data

Barclays Commodity Index Pure Beta (TR)
Liquidity
Liquidity
S&P GSCI

BCM Portfolio Management

0.70%
-0.80%
0.38%
-10.90%

BCM Tax Exposures

20.00% / 39.60%
--
No

BCM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Medium
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BCM Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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

BCM Tradability

1,803
$52.85K
1,329
$45.47K
0.23%
$0.06
0.01%
4.09% / -0.72%
None
100.00%
50,000
0.03
0.00%
--
0
$27.94
5

BCM Sector Breakdown


BCM
Segment Benchmark
32.50%
58.50%
27.19%
5.46%
26.86%
21.97%
9.66%
5.52%
3.78%
8.55%

BCM Tenor Strategy

BCM's optimized tenor selection aims to replicate front-year returns without being subject to front-month market disruptions.

BCM Rolling Strategy

BCM rolls contracts over an annually pre-determined 5 day period each month.

BCM Performance Statistics

0.91
0.59
0.66
0.58
0.00%