Key stats
About abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
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Inception date
Sep 23, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
abrdn, Inc.
Distributor
ALPS Distributors, Inc.
ISIN
US0032616098
BCIM is a passively managed, collateralized commodity investment. The fund generally tracks an index of four industrial metals futures (copper, aluminum, zinc, and nickel)combined with collaterals in an attempt to enhance returns. The underlying index includes futures contracts with maturities of 1 to 3 months, rolled according to a fixed schedule. At each annual rebalancing, these futures positions are weighted by liquidity and production data, subject to diversification rules. The fund manages its commodity exposure through a wholly owned Cayman Islands subsidiarya common structure in the commodity ETF space. On another note, its cash collaterals are invested mainly in 3-month US Treasuries whose returns are calculated using the most recent weekly auction high rate. BCIM comes on the back of BCI and BCD, and rounds out abrdn K-1 Free ETF trust.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Cash
Bonds, Cash & Other100.00%
Government64.36%
Corporate25.48%
Cash10.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BCIM last dividends amounted to 2.30 USD. The year before, the issuer paid 0.73 USD in dividends, which shows a 68.43% increase.
BCIM assets under management is 20.96 M USD. It's fallen 1.88% over the last month.
BCIM fund flows account for 2.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BCIM pays dividends to its holders with the dividend yield of 10.96%. The last dividend (Dec 20, 2024) amounted to 2.30 USD. The dividends are paid annually.
BCIM shares are issued by Aberdeen Group Plc under the brand aberdeen. The ETF was launched on Sep 23, 2021, and its management style is Passive.
BCIM expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
BCIM follows the Bloomberg Industrial Metals Subindex. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BCIM invests in bonds.
BCIM price has risen by 2.84% over the last month, and its yearly performance shows a −5.69% decrease. See more dynamics on BCIM price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.26% decrease in three-month performance and has increased by 3.30% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.26% decrease in three-month performance and has increased by 3.30% in a year.
BCIM trades at a premium (0.24%) meaning the ETF is trading at a higher price than the calculated NAV.