PGMiPath Series B Bloomberg Platinum Subindex Total Return ETN
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.
PGM Portfolio Management
PGM Tax Exposures
PGM Fund Structure
PGM Factset Analytics Block Liquidity
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 Sector Breakdown
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.