PGM

iPath Series B Bloomberg Platinum Subindex Total Return ETN
C

47
*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. However, the note is cheaper to hold than competing PPLT, which holds physical platinum bars (and therefore tracks spot platinum very closely). 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 charges a lower fee and avoids path dependency issues that made its predecessor more expensive to hold over time. It also includes a call provision. The new version traded under the ticker PGMB until November 16, 2018.

PGM CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PGM 5.14% -4.31% 5.77% -0.10% -- -- --
PGM (NAV) 6.05% -5.16% 5.52% 2.72% -- -- --
Bloomberg Platinum Subindex Total Return 6.09% -5.05% 5.78% 3.18% -8.59% -11.23% --
Platinum Spot -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PGM Summary Data

iPath
01/17/18
Exchange-Traded Note
0.45%
$3.72M
$4.35K
0.31%

PGM Portfolio Data

Futures
Extended Term
Annually
0

PGM Index Data

Bloomberg Platinum Subindex Total Return
Single Asset
Single Asset
Platinum Spot

PGM Portfolio Management

0.45%
--
--
--

PGM Tax Exposures

20.00% / 39.60%
--
No

PGM Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PGM Factset Analytics Block Liquidity

As of 07/18/19
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

93
$4.35K
0
0
0.31%
$0.12
-0.01%
7.52% / -4.89%
None
100.00%
50,000
0
0.00%
--
--
$41.49
5

PGM SECTOR BREAKDOWN


PGM
Segment Benchmark
100.00%
100.00%

PGM Tenor Strategy

N/A

PGM Rolling Strategy

N/A

PGM Performance Statistics

0.38
0.65
--
--
0.00%