What is NIB?

NIB tracks an index that holds a single cocoa futures contract, rolled according to a fixed schedule.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
NIB 4.50% 9.79% 11.77% 5.30% 6.12% -0.54% 0.72%
NIB (NAV) 4.36% 9.82% 11.07% 5.35% 5.98% -0.57% 0.70%
Bloomberg Cocoa Subindex Total Return 3.92% 8.84% 9.92% 5.41% 6.05% 0.12% 1.39%
S&P GSCI Cocoa Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

06/24/08
0.70%
$19.18M
S&P GSCI Cocoa Index
Exchange-Traded Note

Peers

S&P GSCI Cocoa Index
N/A

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
-$0.01B 90 Days

NIB Portfolio Data

Futures
Front Month
Annually
--

NIB Index Data

Single Asset
Single Asset
S&P GSCI Cocoa Index

NIB Portfolio Management

0.70%
-1.61%
0.36%
-3.03%

NIB Tax Exposures

20.00% / 39.60%
--
No

NIB Fund Structure

Exchange-Traded Note
Yes
No
Barclays Bank PLC
Low
High
None

Factset Analytics Block Liquidity

As of 03/24/23

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 Tradability

10,043
$294.41K
7,952
$225.11K
0.32%
$0.09
0.04%
3.25% / -1.29%
None
100.00%
30,000
0.27
0.12%
--
114
$31.30
5

NIB Performance Statistics

--
--
1.04
1.05
0.00%

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.