RJZElements Rogers International Commodity Index-Metals Total Return ETN
RJZ 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
RJZ represents the value of a basket of 10 metals futures contracts for commodities consumed in the global economy. The note tracks an index of front-month metals future contracts: 6 industrial and 4 precious metals, including commodities like tin, platinum and palladium that its benchmark excludes. 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, RJZ avoids K-1 distributions, but carries the counterparty risk of its issuer.
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 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.