SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
SDCI Fund Description
SDCI is a broad-market commodity fund that holds an equally weighted portfolio of 14 commodity futures contracts. Contracts are chosen for optimal backwardation and price momentum.
SDCI Factset Analytics Insight
SDCI is functionally an index-tracking fund despite its active management label. It wants to follow the same benchmark as its sibling fund USCI. From a selection universe of more than twenty commodities, the index chooses seven with the highest degree of backwardation (or lowest contango) and seven more that have shown the greatest 12-month price momentum, with the caveat that the portfolio must have one representation from the following groups: petroleum, grains, industrial metals, and precious metals. For each commodity, the index selects the contract with the greatest backwardation in an attempt to mitigate roll costs. The 14 contracts are equally weighted, with monthly reconstitution and rebalancing. The fund is organized as an open-ended ETF, so does not issue a K-1 at tax time. To avoid regulation as a commodity pool, the fund gets its futures exposure through a Cayman Islands subsidiary, a common workaround in the commodity ETF space.
SDCI Summary Data
SDCI Portfolio Data
SDCI Index Data
SDCI Portfolio Management
SDCI Tax Exposures
SDCI Fund Structure
SDCI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SDCI. SDCI is rated a 5 out of 5.
SDCI Sector Breakdown
SDCI Top 10 Targeted Commodity Weights
SDCI Tenor Strategy
Contracts are optimized for the highest degree of backwardation and will vary in tenor during every rebalance
SDCI Rolling Strategy
Contracts are rolled over the last four business days of each month