COM

Direxion Auspice Broad Commodity Strategy ETF
C

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*Unless otherwise stated, data provided by FactSet.

COM Fund Description

COM is an actively managed fund that aims to outperform a broad-market index of commodity futures. The index consists of 12 commodities, weighted by volatility, that can toggle to cash based on momentum.

COM Factset Analytics Insight

Actively managed COM is perhaps best thought of as an index-tracking fund with an active overlay. The fund generally follows its benchmark—the Auspice Broad Commodity Index—but attempts to boost returns through the active management of the fund’s collateral. The index includes 12 commodity futures contracts in the agriculture, energy, and metals sectors. Futures positions are weighted by historical volatility, and each position can be either long or “flat” (i.e., moved to cash) based on prevailing price trends in the contract. Contract tenor selection in the index is determined by an optimized, rules-based process. COM’s active manager invests the fund’s collateral in T-bills, money market funds, cash, and other short-term, highly rated corporate and government debt.COM is organized as an open-ended ETF, rather than a commodity pool, so taxable investors avoid receiving a K-1 form at tax time and pay the usual long- and short-term capital gains rates on sale. The fund manages this feat by getting its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space.

COM 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
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
COM 1.73% -2.16% -1.75% -2.38% -- -- --
COM (NAV) 1.25% -2.59% -2.05% -2.81% -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI 1.00% -7.48% 10.38% -8.51% 2.22% -13.11% -4.91%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

COM Top 10 Holdings

COM Summary Data

Direxion
03/30/17
Open-Ended Fund
0.70%
$41.01M
$116.70K
0.17%

COM Portfolio Data

Futures
Optimized
N/A
2

COM Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

COM Portfolio Management

0.70%
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COM Tax Exposures

20.00% / 39.60%
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No

COM Fund Structure

Open-Ended Fund
No
No
N/A
N/A
High
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

COM Factset Analytics Block Liquidity

As of 07/19/19
5
4
3
2
1

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

COM Tradability

4,594
$116.70K
2,056
$56.88K
0.17%
$0.04
0.01%
1.19% / -0.94%
None
100.00%
50,000
0.04
0.04%
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$23.34
5

COM TOP 10 TARGETED COMMODITY WEIGHTS

86.80%
13.20%
100%

COM Tenor Strategy

COM uses a rules-based optimization process to choose contracts over the next 13 months that have the best possible implied roll yield.

COM Rolling Strategy

Not Available

COM Performance Statistics

0.33
0.19
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0.00%