abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
BCD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1900 Market Street, Suite 200 Philadelphia PA United States of America 19103
- IPO Date
- Mar 31, 2017
- CIK
- 0001597934
- Website
- aberdeeninvestments.com
- Similar Companies
- Business
- abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that seeks total return by providing exposure to the Bloomberg Commodity Index 3 Month Forward Total Return through an actively managed portfolio of commodity futures contracts, typically four to six months out on the curve, across energy, grains, precious metals, industrial metals, softs and livestock; it invests directly in exchange-traded futures on 24 commodities weighted two-thirds by trading volume and one-third by world production with sector caps at 33% and individual commodity caps at 15%, supplemented by short-term investment grade fixed-income securities including U.S. government securities and money market instruments, as well as cash equivalents to manage collateral and liquidity; the fund is structured to be K-1 tax efficient, avoiding partnership tax reporting for investors. Launched on March 30, 2017 and domiciled in the United States, BCD is issued and managed by abrdn ETFs Advisors LLC, a subsidiary of abrdn plc (formerly Aberdeen Standard Investments), with headquarters at 1900 Market Street, Suite 200, Philadelphia, Pennsylvania; it operates globally through commodity futures markets, targeting institutional and retail investors seeking broad commodity diversification as an inflation hedge and portfolio complement. In recent developments, the fund has seen steady asset growth to approximately $233-$327 million in net assets amid rising commodity demand, with annual distributions declared including $1.1282 in one recent year and $1.3801 in another; institutional ownership expanded with 67 holders managing over 2.8 million shares as of late 2024, reflecting increased adoption by advisors like Great Lakes Advisors and LPL Financial; while no major acquisitions or launches specific to BCD occurred in 2024-2025, abrdn broadened its U.S. ETF lineup historically via the acquisition of ETF Securities US assets including related commodity funds, and the firm continues strategic expansions such as agreements for closed-end fund management totaling £1.5 billion.