RJZ

Elements Rogers International Commodity Index-Metals Total Return ETN
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*Unless otherwise stated, data provided by FactSet.

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

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

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
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
RJZ 2.00% 6.98% 7.74% 9.70% 3.30% -0.93% -0.47%
RJZ (NAV) 2.33% 7.33% 7.88% 9.01% 3.37% -0.91% -0.40%
S&P GSCI All Metals Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

RJZ Summary Data

ELEMENTS
10/17/07
Exchange-Traded Note
0.75%
$8.03M
$9.11K
0.39%

RJZ Portfolio Data

Futures
Front Month
Monthly
0

RJZ Index Data

Proprietary
Committee
S&P GSCI All Metals Index

RJZ Portfolio Management

0.75%
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RJZ Tax Exposures

20.00% / 39.60%
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No

RJZ Fund Structure

Exchange-Traded Note
No
N/A
Swedish Export Credit Corp - SEK
Low
High
None
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

RJZ Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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

901
$9.11K
140
$3.22K
0.39%
$0.03
-0.06%
2.40% / -1.80%
None
100.00%
500,000
0.00
0.00%
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0
$8.35
5

RJZ Sector Breakdown


RJZ
Segment Benchmark
51.95%
64.69%
48.05%
35.31%

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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1.09
1.03
0.00%