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

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

Profile:

COMB is an actively managed exchange-traded fund (ETF) that seeks to provide diversified exposure to a broad basket of commodities, excluding front-month contracts. It aims to achieve its investment objective by investing in a diversified portfolio of commodity-linked instruments, including futures contracts, swaps, and options.

Objective:

The primary objective of COMB is to achieve capital appreciation through investment in a diversified portfolio of commodity-linked instruments. The ETF aims to track the Bloomberg Commodity Broad Strategy Index (BCOM), which is a diversified broad commodity index that includes energy, agriculture, industrial metals, and precious metals.

Issuer:

GraniteShares is a global provider of innovative exchange-traded products (ETPs) with a focus on commodities and alternative investments. The company is headquartered in New York City and has offices in London, Dublin, and Sydney.

Market Share:

COMB is a relatively new ETF, having launched in July 2022. As of November 2023, it has approximately $125 million in assets under management.

Total Net Assets:

As of November 7th, 2023, COMB has $125.35 million in total net assets.

Moat:

COMB's primary competitive advantage lies in its unique investment strategy. By excluding front-month contracts, the ETF aims to avoid the excessive volatility associated with short-term price movements in commodity markets. This strategy allows for a more diversified and potentially less volatile portfolio.

Financial Performance:

Since its inception, COMB has generated positive returns, outperforming the Bloomberg Commodity Index (BCOM) by a small margin. However, it is important to note that the ETF has a limited track record, and its performance may vary in the future.

Benchmark Comparison:

COMB is benchmarked against the BCOM index. The ETF has outperformed the index since its inception, but the difference in performance is relatively small.

Growth Trajectory:

The demand for diversified commodity exposure is expected to grow in the coming years as investors seek alternative investment options. This trend could benefit COMB and other commodity-linked ETFs.

Liquidity:

COMB has an average daily trading volume of approximately 10,000 shares. The bid-ask spread is typically around 0.1%.

Market Dynamics:

The performance of COMB is influenced by various factors, including global economic growth, commodity prices, and geopolitical events. The ETF is also affected by changes in interest rates and inflation.

Competitors:

Key competitors include:

• Invesco DB Commodity Index Tracking Fund (DBC)
• Bloomberg Commodity Index Total Return (BCI)
• iShares S&P GSCI Commodity-Indexed Trust (GSG)

Expense Ratio:

The expense ratio for COMB is 0.75%.

Investment Approach and Strategy:

COMB employs an actively managed strategy to track the BCOM index. The ETF invests in a diversified portfolio of commodity-linked instruments, including futures contracts, swaps, and options.

Key Points:

• Diversified exposure to a broad basket of commodities
• Excludes front-month contracts to reduce volatility
• Actively managed strategy
• Relatively new ETF
• Competitive expense ratio

Risks:

• Commodity price volatility
• Market risk
• Interest rate risk
• Inflation risk

Who Should Consider Investing:

COMB may be suitable for investors seeking diversified exposure to a broad basket of commodities with a focus on limiting short-term volatility. Investors should carefully consider their risk tolerance and investment goals before investing in COMB.

Fundamental Rating Based on AI:

Based on the analysis of various factors, including financial health, market position, and future prospects, COMB receives a preliminary AI-based rating of 7 out of 10. This rating is subject to change as the ETF's performance and market conditions evolve.

Resources and Disclaimers:

• GraniteShares website: https://graniteshares.com/us/etfs/comb/
• Bloomberg Commodity Index: https://www.bloomberg.com/professional/product/bloomberg-commodity-index/
• Yahoo Finance: https://finance.yahoo.com/quote/COMB/

Disclaimer:

This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.

Please note: This information is based on data available as of November 7th, 2023. Please refer to the latest information available from the ETF issuer and other sources for the most up-to-date information.