NIBiPath Bloomberg Cocoa Subindex Total Return ETN
NIB Fund Description
NIB tracks an index that holds a single cocoa futures contract, rolled according to a fixed schedule.
NIB Factset Analytics Insight
NIB tracks a single cocoa futures contract at a time, purchased two or three months out and held until the month of maturity. According to a fixed schedule, the note holds contracts starting three months out from August through January, and two months out the rest of the year. This method differentiates the note from its benchmark, which holds the front-month futures contracts year-round. Still, NIB serves as a viable option in tracking the cocoa prices via futures. Structured as an ETN, NIB carries the counterparty risk of its issuer.
NIB Portfolio Management
NIB Tax Exposures
NIB Fund Structure
NIB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NIB. NIB is rated a 5 out of 5.
NIB Sector Breakdown
NIB Tenor Strategy
NIB tracks a single contract starting two or three months from maturity, according to a fixed schedule, and holds until shortly before expiration.
NIB Rolling Strategy
NIB rolls contracts between the 6th and 10th business day of pre-determined roll months.