RJZ
Elements Rogers International Commodity Index-Metals Total Return ETNRJZ Fund Description
RJZ tracks a consumption-based index of metals commodities chosen by the RICI committee. It gains exposure using front-month futures contracts.
RJZ Factset Analytics Insight
As the segment's elder statesman, RJZ continues to be the primary choice for investors interested in holding a comprehensive portfolio of metals futures. The note tracks an index of 10 front-month metals future contracts: 6 industrial and 4 precious metals, including commodities like tin, platinum and palladium that our benchmark excludes. RJZ and our benchmark both have heavy allocations in industrial metals, but the similarities end there. Our benchmark allocates almost 60% of its portfolio to copper and gold, compared to RJZ's 36%. RJZ is the cheapest ETP in the segment, with the lowest management cost (75 bps) and average spread, but it is still expensive and hard to trade. Thus, investors may be better served by buying more-liquid ETFs that focus solely on industrial or precious metals separately.
RJZ Charts And Performance
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1 Year
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1 Year
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RJZ Summary Data
RJZ Portfolio Data
RJZ Index Data
RJZ Portfolio Management
RJZ Tax Exposures
RJZ Fund Structure
RJZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RJZ. RJZ is rated a 5 out of 5.
RJZ Tradability
RJZ Sector Breakdown
RJZ
RJZ Tenor Strategy
RJZ 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.
RJZ Rolling Strategy
RJZ rolls its underlying contracts over a 15 day period during the month preceeding a given contract's expiration.
RJZ Performance Statistics
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