PGM

iPath Series B Bloomberg Platinum Subindex Total Return ETN
*Unless otherwise stated, data provided by FactSet.

PGM Fund Description

PGM tracks an index of one platinum futures contract at a time, rolled every three months.

PGM Factset Analytics Insight

PGM provides exposure to platinum by tracking a single futures contract on the metal, starting three months from maturity and held until shortly before expiration, according to a fixed schedule. This strategy produces performance that varies significantly from spot prices. PGM’s ETN structure means it avoids the higher collectibles tax rate applied to physically-held ETPs. PGM replaced an older ETN with the same ticker. The newer, series B note tracks the same index, but avoids path dependency issues. It also includes a call provision. The new version traded under the ticker PGMB until November 16, 2018.

PERFORMANCE [as of 06/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PGM -8.53% -10.63% 0.51% 23.79% 5.45% -- --
PGM (NAV) -7.19% -7.99% 0.02% 24.50% 6.07% 20.54% --
Bloomberg Platinum Subindex Total Return -7.15% -7.89% 0.24% 25.06% 6.55% 1.53% -5.09%
LBMA Platinum Spot Price -9.01% -8.09% 2.06% 32.60% 7.93% 2.51% -4.39%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PGM Summary Data

Barclays
iPath
01/17/18
Exchange-Traded Note
0.45%
$5.32M
$75.81K
0.56%

PGM Portfolio Data

Futures
Extended Term
Annually
0

PGM Index Data

Bloomberg Platinum Subindex Total Return
Single Asset
Single Asset
LBMA Platinum Spot Price

PGM Portfolio Management

0.45%
-0.49%
-0.39%
-0.89%

PGM Tax Exposures

20.00% / 39.60%
--
No

PGM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None

PGM Factset Analytics Block Liquidity

As of 06/24/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PGM. PGM is rated a 5 out of 5.

PGM Tradability

1,353
$75.81K
744
$37.30K
0.56%
$0.32
0.07%
2.87% / -3.88%
None
100.00%
50,000
0.01
0.00%
--
24
$51.39
5

PGM Sector Breakdown


PGM
Segment Benchmark
100.00%
100.00%

PGM Tenor Strategy

PGM invests solely in second-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.

PGM Rolling Strategy

PGM rolls contracts over an annually pre-determined 5 day period each month.

PGM Performance Statistics

0.39
0.65
--
--
0.00%