CM Commodity Index Fund - Class A
CMCAX
CMCAX
CM Commodity Index Fund - Class A
CMCAX
CMCAX
-
NAV$68.54
as of December 01, 2023 -
YTD RETURNS-0.83%
as of December 01, 2023 -
Net Assets (All Classes)$539.10M
as of November 30, 2023 -
Gross Expense Ratio1.26%
-
Net Expense Ratio0.95%
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Inception Date12/31/2010
Fund Description
The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Constant Maturity Commodity Total Return Index, a diversified commodity index that allocates across maturities with the aim of minimizing exposure to the front end of the futures curves and mitigating the impact of negative roll yield in contango environments.
Overview
Fund Highlights
- By spreading its exposure across multiple maturities and maintaining a constant maturity per commodity, the Index seeks to minimize exposure to front end of the futures curve and mitigate the impacts of negative roll yield
- Diversified across five commodity sectors and 29 commodity components; Monthly rebalancing to limit concentration risk and reduce volatility
- In contrast with many “enhanced” commodity funds, offers “pure” commodity exposure by investing in commodity-linked derivative instruments and more conservative fixed income securities, such as U.S. Treasury Bills
- No K-1s – Access to commodities without burdensome K-1 tax reporting
Recommended Insights
Strong 3rd Quarter for Commodities
Strong 3rd Quarter for Commodities