OILK
ProShares K-1 Free Crude Oil Strategy ETFOILK Fund Description
OILK is an actively-managed fund of WTI crude oil futures with up to three months to expiration.
OILK Factset Analytics Insight
OILK offers near-vanilla exposure to WTI oil futures in an actively-managed, open-ended ETF wrapper. While several ETPs offer exposure to oil, OILK has two principal selling points. First, its active manager has discretion to roll expiring contracts into any contract up to three months out. This reduces contango issues common to front-month funds, and also avoids issues with rules-based roll strategies, such as other traders trying to front-run the fund. However, this approach may forgo some sensitivity to spot oil relative to pure play front month exposure. Second, OILK is organized as an open-ended ETF, rather than a commodities pool, so investors avoid receiving a complicated K-1 form at tax time. The fund pulls this off by getting its oil futures exposure through a wholly-owned Cayman Islands subsidiary, an increasingly common structure in the commodity space. OILK looks reasonably priced, but be sure to consider how fund liquidity and trading expenses will affect your round trip cost.
OILK CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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OILK Portfolio Data
OILK Portfolio Management
OILK Tax Exposures
OILK Fund Structure
OILK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OILK. OILK is rated a 5 out of 5.
OILK Tradability
OILK TOP 10 TARGETED COMMODITY WEIGHTS
OILK Tenor Strategy
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OILK Rolling Strategy
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OILK Performance Statistics
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