GSPiPath S&P GSCI Total Return Index ETN
GSP Fund Description
GSP tracks a broad index of commodities futures contracts weighted according to global production. The fund uses front-month futures contracts.
GSP Factset Analytics Insight
GSP is a plain vanilla approach to broad commodities in an ETN wrapper. The fund uses front-month futures contracts for exposure to its target commodities, making it especially sensitive to the forces of contango. Eligible contracts must meet adequate liquidity, be traded on trading facilities in member countries of the Organization for Economic Cooperation and Development (OECD), and must be denominated in USD. GSP’s ETN wrapper means it's backed by Barclays Bank PLC’s credit, not actual futures as in a commodity pool. Investors will get a 1099 at tax time, not a K-1.
GSP Portfolio Management
GSP Tax Exposures
GSP Fund Structure
GSP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GSP. GSP is rated a 5 out of 5.
GSP Sector Breakdown
GSP Tenor Strategy
GSP invests solely in front-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.
GSP Rolling Strategy
GSP rolls contracts over an annually pre-determined 5 day period each month.