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- iShares S&P GSCI Commodity-Indexed Trust is an exchange-traded commodity pool that provides institutional and retail investors with diversified exposure to the global commodity market. Sponsored by iShares Delaware Trust Sponsor LLC, a subsidiary of BlackRock, Inc., and advised by BlackRock Fund Advisors, the Trust operates as a Delaware statutory trust established in 2006 and is headquartered in San Francisco, California. The Trust seeks to track the investment results of the S&P GSCI Total Return Index, gaining its market exposure by holding a fully collateralized portfolio of exchange-traded commodity futures contracts rather than physical commodities.
The Trust’s core product offering consists of exchange-traded trust shares providing systematically weighted exposure across five primary commodity sectors; energy futures contracts, including West Texas Intermediate (WTI) crude oil, Brent crude oil, heating oil, RBOB gasoline, and natural gas; industrial metals contracts, encompassing aluminum, copper, zinc, nickel, and lead; precious metals contracts, including gold and silver; agricultural commodities, comprising corn, soybeans, wheat, cotton, sugar, coffee, and cocoa; livestock contracts, including live cattle, feeder cattle, and lean hogs; and high-quality liquidity and collateral instruments, primarily short-term U.S. Treasury obligations, cash, and cash equivalents.
In recent developments, the Trust continues to execute its annual index reweightings and monthly futures roll schedules in alignment with methodology updates from S&P Dow Jones Indices to reflect global commodity production levels and liquidity dynamics. The Trust has also expanded cross-border investor access through global dual-listings and depositary receipts, including Argentine Depositary Certificates (CEDEARs) traded on the Bolsa y Mercados Argentinos (BYMA), while advancing digital investor services through streamlined tax reporting platforms for electronic Schedule K-1 and Schedule K-3 distributions.