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About SPDR Series Trust SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
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Inception date
Sep 4, 2024
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
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
CERY is passively managed to provide broad exposure to commodities through futures. The index selects commodities deemed significant to the world economy, as measured by liquidity. A wide range of commodities are eligible for inclusion, including agriculture, livestock, industrial metals, precious metals, and energy. Per commodity, the index holds three to four futures, which it rolls and rebalances monthly to equal weights. Each January, the index rebalances commodity target weights, calculated by combining liquidity percentages and slope scores. Liquidity percentages are adjusted using a diversification capping process to avoid overconcentration in any single commodity or commodity group. The slope score measures backwardation, with commodities exhibiting a higher degree of backwardation receiving higher scores. Overall, the methodology aims for enhanced roll and carry premium. The fund gains up to 25% of its exposure through a Cayman Islands subsidiary, thereby avoiding K-1 forms.
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
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash83.00%
Miscellaneous17.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CERY assets under management is 444.87 M USD. It's risen 8.69% over the last month.
CERY fund flows account for 449.71 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, CERY pays dividends to its holders with the dividend yield of 0.50%. The last dividend (Dec 31, 2024) amounted to 0.14 USD. The dividends are paid annually.
CERY shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Sep 4, 2024, and its management style is Passive.
CERY expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
CERY follows the Bloomberg Enhanced Roll Yield Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CERY invests in cash.
CERY price has risen by 2.76% over the last month, and its yearly performance shows a 8.62% increase. See more dynamics on CERY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.20% over the last month, showed a 0.94% increase in three-month performance and has increased by 4.68% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.20% over the last month, showed a 0.94% increase in three-month performance and has increased by 4.68% in a year.
CERY trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.