RJIElements Rogers International Commodity Index-Total Return ETN
RJI Fund Description
RJI tracks a consumption-based index of commodities chosen by the RICI committee. It gains exposure using front-month futures contracts.
RJI Factset Analytics Insight
RJI represents the value of a basket of commodities consumed in the global economy, tracked via 37 futures contracts on commodities from all sector. Its underlying index, the Rogers International Commodity Index (RICI), offers exposure to more commodities than its benchmark — evident by its small amount of exposure to commodities like milk, rapeseed and orange juice. The index strictly uses front-month contracts for exposure, which allows reactivity to changes in spot, but are also most affected by the forces of contango/backwardation. Individual components in the index are selected on the basis of volume and liquidity data as monitored and considered by the RICI committee. Weighting is based on their respective underlying worldwide consumption, rather than production. Structured as an ETN, RJI avoids K-1 distributions but carries the counterparty risk of its issuer.
RJI Summary Data
RJI Portfolio Data
RJI Index Data
RJI Portfolio Management
RJI Tax Exposures
RJI Fund Structure
RJI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RJI. RJI is rated a 5 out of 5.
RJI Sector Breakdown
RJI Tenor Strategy
RJI invests solely in front-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.
RJI Rolling Strategy
RJI rolls its underlying contracts over a 15 day period during the month preceeding a given contract's expiration