COMB
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFCOMB Fund Description
COMB seeks to outperform a broad commodity market index through active management of the fund’s collateral. The index includes futures contracts on up to 24 different commodities.
COMB Factset Analytics Insight
COMB seeks to deliver a broad, diversified basket of commodities. Although COMB is an active fund, it generally tracks the Bloomberg Commodity Index. This index considers variables such as economic significance, diversification, continuity, and liquidity when selecting and weighting its contracts so that no single commodity or commodity sector dominates. Because the index weights its holdings by liquidity as well as production, and places caps on single commodities and sectors, investors can expect large deviations from our uncapped, production-weighted benchmark. Notably, BCOM severely underweights energy compared to our benchmark, while exposure to agriculture and metals (gold in particular) exceeds our benchmark. Of course, due to its active nature, COMB retains the ability to deviate from the index when it deems necessary.Utilizing a common structure in the commodity space, the fund’s futures exposure is held in a Cayman Islands subsidiary while the collateral is actively managed with investments in short-term US fixed income securities. Because of this, investors avoid receiving a K-1 at tax time. COMB charges one of the lowest fees in the commodity ETF market. The fund competes directly with ETFS’ BCI, which uses a similar Cayman structure. Two ETNs, UBS’ DJCI and Barclays’ DJP, track the same index.
COMB MSCI ESG Analytics Insight
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF ranks in the 83th percentile within its peer group and in the 92nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
COMB Charts And Performance
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COMB Summary Data
COMB Portfolio Data
COMB Portfolio Management
COMB Tax Exposures
COMB Fund Structure
COMB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of COMB. COMB is rated a 5 out of 5.
COMB Tradability
COMB Top 10 Targeted Commodity Weights[View All]
COMB Tenor Strategy
COMB invests in a single futures contract for each commodity at a given time. Depending on the commodity, contracts may be tracked up to five months out, according to a fixed schedule. COMB holds contracts until the month of expiration.
COMB Rolling Strategy
COMB rolls contracts over a predetermined 5-day period each month.
COMB Performance Statistics
COMB MSCI ESG Ratings
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