GraniteShares Blmbrg CmdtyBrdStr NoK1ETF
COMB - Snapshot
Vitals
- YTD Return 10.0%
- 3 Yr Annualized Return -0.5%
- 5 Yr Annualized Return N/A
- Net Assets $129 M
- Holdings in Top 10 70.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.25%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover N/A
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
-
Primary Theme
Commodity
- Fund Type Exchange Traded Fund
- Investment Style Commodities Broad Basket
COMB - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
-
Fund Family NameGraniteshares
-
Inception DateMay 19, 2017
-
Shares Outstanding4850000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBenoit Autier
Fund Description
The fund is an actively managed ETF that seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. While the fund generally will seek exposure to the commodity futures markets included in the COMB Benchmark, it is not an index tracking ETF and will seek to improve its performance, in part through a cash management strategy consisting of investments in investment grade fixed income securities. The fund is non-diversified.
COMB - Performance
Return Ranking - Trailing
| Period | COMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -15.0% | 1018.4% | 67.12% |
| 1 Yr | 34.5% | -88.7% | 208.0% | 69.47% |
| 3 Yr | -0.5%* | -47.9% | 49.4% | 61.79% |
| 5 Yr | N/A* | -39.9% | 56.7% | N/A |
| 10 Yr | N/A* | -29.8% | 12.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | COMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -3.0% | -87.8% | 612.3% | 66.36% |
| 2019 | 5.4% | -88.2% | 53.9% | 59.17% |
| 2018 | -12.2% | -42.9% | 323.8% | 35.50% |
| 2017 | N/A | -37.6% | 55.7% | N/A |
| 2016 | N/A | -34.9% | 49.2% | N/A |
Total Return Ranking - Trailing
| Period | COMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -15.0% | 1018.4% | 67.12% |
| 1 Yr | 34.5% | -88.7% | 208.0% | 66.81% |
| 3 Yr | -0.5%* | -47.9% | 49.4% | 59.43% |
| 5 Yr | N/A* | -39.9% | 56.7% | N/A |
| 10 Yr | N/A* | -29.8% | 12.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | COMB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -3.0% | -87.8% | 295.5% | 65.00% |
| 2019 | 5.4% | -88.2% | 53.9% | 60.55% |
| 2018 | -12.2% | -42.9% | 208.1% | 39.64% |
| 2017 | N/A | -37.6% | 55.7% | N/A |
| 2016 | N/A | -34.9% | 49.2% | N/A |
COMB - Holdings
Concentration Analysis
| COMB | Category Low | Category High | COMB % Rank | |
|---|---|---|---|---|
| Net Assets | 129 M | 196 K | 56.4 B | 48.48% |
| Number of Holdings | 25 | 1 | 666 | 56.77% |
| Net Assets in Top 10 | 86.3 M | 570 K | 56.4 B | 71.61% |
| Weighting of Top 10 | 70.69% | 20.0% | 100.0% | 59.13% |
Top 10 Holdings
- GraniteShares S&PGSCI CmdtyBrdStrNoK1ETF 16.95%
- United States Treasury Bills 0% 13.51%
- United States Treasury Bills 0% 7.47%
- United States Treasury Bills 0% 6.87%
- United States Treasury Bills 0% 6.55%
- United States Treasury Bills 0% 6.39%
- United States Treasury Bills 0% 6.04%
- United States Treasury Bills 0% 5.72%
- United States Treasury Bills 0% 5.69%
- United States Treasury Bills 0% 5.57%
Asset Allocation
| Weighting | Return Low | Return High | COMB % Rank | |
|---|---|---|---|---|
| Cash | 76.09% | -83.16% | 100.00% | 13.55% |
| Other | 16.95% | 0.00% | 121.36% | 83.87% |
| Bonds | 6.96% | -2.31% | 89.67% | 63.87% |
| Stocks | 0.00% | -1.68% | 48.77% | 89.68% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 94.84% |
| Convertible Bonds | 0.00% | 0.00% | 3.99% | 94.84% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | COMB % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 91.62% | 0.40% | 100.00% | 24.82% |
| Government | 8.38% | 0.00% | 99.60% | 65.25% |
| Derivative | 0.00% | 0.00% | 10.05% | 94.33% |
| Securitized | 0.00% | 0.00% | 34.43% | 94.33% |
| Corporate | 0.00% | 0.00% | 60.65% | 94.33% |
| Municipal | 0.00% | 0.00% | 2.19% | 94.33% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | COMB % Rank | |
|---|---|---|---|---|
| US | 6.96% | 0.00% | 130.22% | 68.39% |
| Non US | 0.00% | -40.55% | 17.73% | 85.81% |
COMB - Expenses
Operational Fees
| COMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.01% | 17.60% | 97.21% |
| Management Fee | 0.25% | 0.00% | 1.75% | 6.93% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.04% | 0.45% | N/A |
Sales Fees
| COMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| COMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| COMB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 286.01% | N/A |
COMB - Distributions
Dividend Yield Analysis
| COMB | Category Low | Category High | COMB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 47.74% | 96.54% |
Dividend Distribution Analysis
| COMB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| COMB | Category Low | Category High | COMB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.36% | -55.71% | 60.36% | 15.44% |
Capital Gain Distribution Analysis
| COMB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jan 02, 2020 | $0.359 |
| Jan 02, 2019 | $0.222 |
| Dec 29, 2017 | $0.052 |
COMB - Fund Manager Analysis
Managers
Benoit Autier
Start Date
Tenure
Tenure Rank
May 19, 2017
3.87
3.9%
Mr. Autier started his career in 1999 at KPMG Audit in Paris before moving in 2003 to Ricol & Lasteyrie (member of the E&Y Corporate Finance network). He joined ETF Securities in 2005, where he worked for over 10 years in London and New York. While at ETF Securities, Mr. Autier was Head of Product Management, overseeing the operation of more than 300 exchange-traded products. Between 2015 and 2016, Mr. Autier worked at the World Gold Council in New York. Mr. Autier received a Master in Finance from the London Business School in 2005.
Jeff Klearman
Start Date
Tenure
Tenure Rank
Jun 30, 2017
3.75
3.8%
Jeff Klearman has been Portfolio Manager at GraniteShares since 2017. Mr. Klearman has many years experience working as a trader, structurer, marketer and researcher. Most recently, Mr. Klearman was the Chief Investment Officer for Rich Investment Services, a company which created, listed and managed ETFs. Prior to Rich Investment Services, Mr. Klearman headed the New York Commodities Structuring desk at Deutsche Bank AG. From 2004 to 2007, Mr. Klearman headed the marketing and structuring effort for rates based structured products at BNP Paribas in New York. Mr. Klearman worked at AIG Financial Products from 1994 to 2004 trading rates-based volatility products as well as marketing and structuring. Mr. Klearman received his MBA in Finance from NYU Stern School of Business and his Bachelors of Science in Chemical Engineering from Purdue University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.12 | 16.38 | 6.75 | 3.2 |