COM

Direxion Auspice Broad Commodity Strategy ETF
*Unless otherwise stated, data provided by FactSet.

COM Fund Description

COM tracks a broad-market index consisting of 12 commodity futures contracts, weighted by historical volatility, which can toggle to cash based on momentum. The fund will also hold short-term fixed income securities as collateral.

COM Factset Analytics Insight

COM tracks a broad commodity index that considers 12 different 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 is determined by an optimized, rules-based process that selects contracts within the next 13-month period. The adviser also invests COM’s collateral in T-bills, money market funds, cash, and other short-term, highly rated corporate and government debt. Rather than a commodity pool, the fund uses a Cayman structure (getting exposure through a wholly-owned Cayman Islands subsidiary). As such, taxable investors avoids a K-1 form at tax time. Prior to August 31, 2021, COM was thought of as an index-tracking fund with an active overlay.

PERFORMANCE [as of 09/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
COM 0.50% 4.11% 23.88% 36.55% 9.03% -- --
COM (NAV) 0.31% 3.67% 23.57% 34.16% 8.79% -- --
N/A -- -- -- -- -- -- --
S&P GSCI 4.51% 3.53% 34.51% 53.21% -0.86% 4.03% -6.04%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

COM Summary Data

Direxion
03/30/17
Open-Ended Fund
0.70%
$223.08M
$1.19M
0.16%

COM Portfolio Data

Futures
Optimized
N/A
--

COM Index Data

N/A
Technical
Fixed
S&P GSCI

COM Portfolio Management

0.70%
--
--
--

COM Tax Exposures

20.00% / 39.60%
--
No

COM Fund Structure

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

COM Factset Analytics Block Liquidity

As of 09/17/21
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

38,687
$1.19M
24,250
$742.74K
0.16%
$0.05
0.14%
0.64% / -1.31%
None
100.00%
50,000
0.48
0.00%
--
0
$31.04
5

COM Top 10 Targeted Commodity Weights

23.89%
0.69%
100.00%

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

COM replaces expiring futures contracts based on an optimization process.

COM Performance Statistics

0.67
0.51
--
--
0.00%