The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
(NYSE Arca: COMB), the lowest-cost broad-based commodity ETF on the
U.S. market, has crossed $100 million in assets under management
(AUM). COMB AUM growth and improved market outlook may be an
indication that the commodities sector has started a new super
cycle.
Launched in May 2017, COMB does not issue K-1s
and has an annual management fee of just 0.25%.
“A confluence of variables signal we’re on the
verge of a commodities comeback,” said Will Rhind, Founder and CEO
of GraniteShares. “With the global economy rebounding, more
stimulus in the pipeline and expectations of a weakening dollar and
increasing inflation, we anticipate a favorable environment for
commodities over the next several years. Investors can access this
potential growth through a low-cost no-K1 ETF like COMB.”
Benchmarked to the Bloomberg Commodity Index,
COMB captures 23 different commodities across five economic
sectors, including grains, energy, precious and base metals, softs
and livestock. Historically, broad commodity exposure has helped
counteract the negative impacts of inflation.
GraniteShares has three areas of expertise;
Commodities, Income and Disruptive Core Equity. In addition to
COMB, the firm offers the GraniteShares Gold Trust (BAR) and the
GraniteShares Platinum Trust (PLTM). The firm also offers unique
investment strategies for income and large-cap equities: The
GraniteShares HIPS U.S. High Income ETF (HIPS) and the
GraniteShares XOUT U.S. Large Cap ETF (XOUT).
For more information on COMB and GraniteShares,
please visit https://www.graniteshares.com.
About GraniteShares
Headquartered in New York City, GraniteShares is
an entrepreneurial ETF provider focused on providing investors with
innovative, cutting edge investment solutions. We believe the
future of investing lies at the nexus of alternative thinking, low
fees and disruptive product structures—the core of our beyond beta
philosophy. Backed by Bain Capital Ventures, we launched our first
product in 2017 and are now among the fastest growing ETF issuers
with over $1.4 Billion in assets under management spanning a full
array of investment strategies.
Media contact:Gregory FCA for
GraniteShares Kathleen Elicker,
484-889-6597graniteshares@gregoryfca.com
Investors should consider the investment
objectives, risks, charges and expenses carefully before investing.
For a prospectus or summary prospectus with this and other
information about the Fund, please call (844) 476 8747 or click
here. Read the prospectus or summary prospectus carefully before
investing.
Index performance does not represent the ETF’s
performance. It is not possible to invest directly in an index.
Indexes are unmanaged and index returns do not
include investment fees and expenses.
Bloomberg Commodity Index: Bloomberg Commodity
Index (BCOM) is a financial benchmark designed to provide liquid
and diversified exposure to physical commodities via futures
contracts. The weightings of the components of the BCOM Benchmark
are based on (1) liquidity data, which is the relative amount of
trading activity of a particular commodity; (2) production data,
which measures the importance of a commodity to the world economy;
and (3) diversification rules that attempt to reduce
disproportionate weightings of any single commodity.
The K-1 is an Internal Revenue Service
(IRS) tax form issued annually for an investment in partnership
interests. The purpose of the K-1 is to report each partner's share
of the partnership's earnings, losses, deductions, and credits.
FUND RISKS
You could lose money by investing in the ETFs.
There can be no assurance that the investment objective of the
Funds will be achieved. None of the Funds should be relied upon as
a complete investment program. The investment program of the Fund
is speculative, entails substantial risks and include asset classes
and investment techniques not employed by more traditional mutual
funds. Investments in the ETFs are not bank deposits and are not
insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency.
Investing in physical commodities, including
through commodity-linked derivative instruments such as Commodity
Futures, Commodity Swaps, as well as other commodity-linked
instruments, is speculative and can be extremely volatile, and may
not be suitable for all investors. Market prices of commodities may
fluctuate rapidly based on numerous factors, including: changes in
supply and demand relationships (whether actual, perceived,
anticipated, unanticipated or unrealized); weather; agriculture;
trade; domestic and foreign political and economic events and
policies; diseases; pestilence; technological developments;
currency exchange rate fluctuations; and monetary and other
governmental policies, action and inaction. Derivatives may be more
sensitive to changes in market conditions and may amplify
risks.
A liquid secondary market may not exist for the
types of commodity-linked derivative instruments the Fund buys,
which may make it difficult for the Fund to sell them at an
acceptable price. The Fund is new with no operating history. As a
result, there can be no assurance that the Fund will grow to or
maintain an economically viable size, in which case it could
ultimately liquidate.
Because the Fund may effect redemptions
principally for cash, rather than in-kind distributions, an
investment in Fund shares may be less tax efficient than
investments in shares of conventional ETFs, and there may be a
substantial difference in the after-tax rate of return between the
Fund and conventional ETFs.
The Fund may engage in frequent trading of
derivatives. Active and frequent trading may lead to the
realization and distribution to shareholders of higher short-term
capital gains, which would increase their tax liability. Frequent
trading also increases transaction costs, such as commissions,
which could detract from the Fund’s performance.
The Fund is not a diversified investment, it may
be more volatile than other investments.
“Bloomberg®” and “Bloomberg Commodity IndexSM”
are service marks of Bloomberg Finance L.P. and its affiliates
(collectively, “Bloomberg”) and have been licensed for use for
certain purposes by GraniteShares Inc. Neither Bloomberg nor UBS
Securities LLC and its affiliates (collectively, “UBS”) are
affiliated with GraniteShares Inc., and Bloomberg and UBS do not
approve, endorse, review, or recommend any GraniteShares ETF.
Neither Bloomberg nor UBS guarantees the timeliness, accurateness,
or completeness of any data or information relating to Bloomberg
Commodity IndexSM.
This information is not an offer to sell or a
solicitation of an offer to buy shares of any Funds to any person
in any jurisdiction in which an offer, solicitation, purchase or
sale would be unlawful under the securities laws of such
jurisdiction.
THE FUND IS DISTRIBUTED BY ALPS DISTRIBIUTORS,
INC. GRANITESHRES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC
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