BRKYDirexion Breakfast Commodities Strategy ETF
BRKY Fund Description
BRKY tracks an index that provides exposure to six agricultural commodities. The fund utilizes a dynamic roll strategy using the most liquid futures contracts, weighted according to global production.
BRKY Factset Analytics Insight
BRKY is the first ETF to focus on commodities that are typically consumed at breakfast. The portfolio consists of monthly futures contracts on corn, coffee, lean hogs, sugar, Chicago wheat and orange juice. The fund tracks an index that utilizes a dynamic roll strategy that aims to minimize contango and limit volatility exposure to the commodity market. At each monthly determination date, expiring contracts are rolled into a position on the futures curve that generates the most optimal yield. The fund uses only the most liquid futures contracts of a given commodity, and weights according to world production, except for orange juice which is capped at 5% weight. Additionally, the fund may also hold short-term fixed income investments to collateralize its derivative investments. The index is rebalanced annually. The fund obtains its exposure by investing up to 25% of its total assets in a wholly owned Cayman Island subsidiary, removing the need for form K-1 reporting.
BRKY Summary Data
BRKY Portfolio Data
BRKY Index Data
BRKY Portfolio Management
BRKY Tax Exposures
BRKY Fund Structure
BRKY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BRKY. BRKY is rated a N/A out of 5.
BRKY Top 10 Targeted Commodity Weights
BRKY Tenor Strategy
BRKY utilizes a dynamic roll strategy for choosing contracts that will give the best possible implied roll yield.
BRKY Rolling Strategy
BRKY rolls its underlying contracts between the 5th and 9th business day of every month.
BRKY 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.