COW

iPath Series B Bloomberg Livestock Subindex Total Return ETN
*Unless otherwise stated, data provided by FactSet.

COW Fund Description

COW tracks an index of lean hogs and live cattle commodity futures contracts, rolled according to a fixed schedule.

COW Factset Analytics Insight

COW is a livestock ETN that tracks an index comprised of lean hogs and live cattle futures contracts. That differs from our benchmark, which incorporates all three types of livestock contracts: lean hogs, live cattle, and feeder cattle. The index typically rolls its contracts every other month, except in May and June when the lean hog exposure rolls into the front-month contract to allow for greater contract liquidity during the summer trading season. As an ETN, COW does not issue a K-1 form at tax time, but carries the counterparty risk of issuer Barclays. COW replaced an older ETN with the same ticker. The newer, series B note tracks the same index, but avoids path dependency issues. It also includes a call provision. The new version traded under the ticker COWB until November 16, 2018.

PERFORMANCE [as of 04/29/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
COW -2.72% 5.48% 7.01% 23.47% -6.08% -- --
COW (NAV) -2.76% 5.63% 7.12% 24.08% -6.21% -- --
Bloomberg Livestock Subindex -2.72% 5.75% 7.27% 24.64% -5.79% -4.84% -4.52%
S&P GSCI Livestock Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

COW Summary Data

iPath
01/17/18
Exchange-Traded Note
0.45%
$22.15M
$800.66K
0.37%
N/A

COW Portfolio Data

Futures
Extended Term
Annually
0

COW Index Data

Bloomberg Livestock Subindex
Multi-Factor
Fixed
S&P GSCI Livestock Index

COW Portfolio Management

0.45%
-0.34%
-0.27%
-0.64%

COW Tax Exposures

20.00% / 39.60%
--
No

COW Fund Structure

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

COW Factset Analytics Block Liquidity

As of 05/03/21
5
4
3
2
1

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

COW Tradability

21,452
$800.66K
14,824
$558.58K
0.37%
$0.14
0.01%
2.16% / -1.23%
None
100.00%
50,000
0.30
0.00%
--
795
$37.40
5

COW Sector Breakdown


COW
Segment Benchmark
100.00%
100.00%

COW Tenor Strategy

COW invests solely in second-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.

COW Rolling Strategy

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

COW Performance Statistics

--
--
--
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0.00%