GRU

Elements MLCX Grains Index-Total Return ETN
F

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*Unless otherwise stated, data provided by FactSet.

GRU Fund Description

GRU tracks an index of four grains. It gains exposure using front-month futures contracts.

GRU Factset Analytics Insight

Despite its lack of transparency regarding its current commodities exposure, GRU is the second-most popular fund in the segment behind JJG. Still, its $7M in AUM isn't enough to keep closure risk in check, and doesn't generate much trading volume. GRU has a wider scope than our benchmark, going beyond the three core grains commodities of corn, wheat and soybeans to also include soybean oil, which our benchmark excludes. That said, it performs very similarly to our benchmark, so it's not clear if this diversification adds anything. Although GRU is marketed under Merrill Lynch's Elements brand, the ETN comes with credit risk tied to the Swedish Export Credit Corp., which currently carries a low risk for default.

GRU 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GRU -5.56% -9.85% -8.74% -10.57% -7.92% -8.82% -4.97%
GRU (NAV) -7.86% -12.28% -9.85% -12.28% -8.22% -9.03% -5.00%
MLCX Grains (Intraday Indicative) -7.71% -12.10% -9.19% -11.38% -7.46% -8.28% -5.00%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GRU Summary Data

ELEMENTS
02/05/08
Exchange-Traded Note
0.75%
$3.98M
$36.53K
1.65%

GRU Portfolio Data

Futures
Laddered
Annually
0

GRU Index Data

MLCX Grains (Intraday Indicative)
Proprietary
Committee
N/A

GRU Portfolio Management

0.75%
-0.65%
1.05%
-5.50%

GRU Tax Exposures

20.00% / 39.60%
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No

GRU Fund Structure

Exchange-Traded Note
No
N/A
Swedish Export Credit Corp - SEK
Low
High
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GRU Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

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

GRU Tradability

11,974
$36.53K
1,400
$4.47K
1.65%
$0.05
-0.16%
3.10% / -2.11%
None
100.00%
500,000
0.00
0.00%
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0
$2.93
5

GRU Sector Breakdown


GRU
Segment Benchmark
100.00%
100.00%

GRU Tenor Strategy

Not Available

GRU Rolling Strategy

GRU rolls its underlying contracts over a 15 day period during the month preceeding a given contract's expiration

GRU Performance Statistics

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1.05
1.03
0.00%