OILiPath Pure Beta Crude Oil ETN
OIL Fund Description
OIL tracks an index of a single crude oil futures contract whose expiration date is chosen to mitigate contango.
OIL Factset Analytics Insight
OIL is linked to the returns of the Barclays Single Commodity Total Return Index (BSCI). Like all oil ETPs, OIL uses oil futures since spot oil is uninvestable. It dynamically picks the WTI crude oil futures contracts it uses to gain exposure to the BSCI. OIL tries to tame the impact of the futures curve by rolling its exposure into the single contract with the best roll yield. Unlike BSCI, which rolls monthly into the roll futures contract for WTI crude oil in accordance with a pre-determined roll schedule, OIL optimizes BSCI by using a quantitative approach to generate commodity returns by choosing a point on the futures curve that is intended to be more representative of the crude oil market. Prior to July 29, 2020, the ticker symbol of the fund was OLEM.
OIL Portfolio Management
OIL Tax Exposures
OIL Fund Structure
OIL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OIL. OIL is rated a 5 out of 5.
OIL Sector Breakdown
OIL Tenor Strategy
OIL's optimized tenor selection aims to replicate front-year returns without being subject to front-month market disruptions.
OIL Rolling Strategy
OIL rolls contracts over an annually pre-determined 5 day period each month.