GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB): Price and Financial Metrics ETF

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) ETF Bio

The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF is actively managed, but in practice, is mostly a passive fund. The futures portion of the portfolio, up to 25%, is held in a subsidiary based in the Cayman Islands and generally reflects the index, while the collateral is held in a cash portfolio holding fixed-income securities that is managed stateside. The Bloomberg Commodity Index covers 22 futures contracts representing 20 different commodities. Its components are weighted based on a combination of liquidity and production data and diversification requirements. In addition to offering the opportunity to generate added income via the cash portfolio, the structure allows the funds to register as 1940 Act funds and, unlike older futures-based commodity ETFs, there is no Schedule K-1 tax form associated with the funds.