State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
CERY
New York Stock Exchange Arca- -
USD
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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
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 5, 2024
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is an exchange-traded fund that seeks to provide investment results corresponding generally to the total return performance, before fees and expenses, of the Bloomberg Enhanced Roll Yield Total Return Index. The fund offers investors synthetic, long-only exposure to a diversified basket of liquid commodity futures contracts across broad sectors including energy, precious metals, agriculture, and base metals; it emphasizes commodities exhibiting backwardation for enhanced roll yields, caps individual commodity exposure at 15% and groups at 33%, and allocates equally among three to four futures contracts per commodity to mitigate roll costs while providing diversification and inflation-hedging potential. CERY achieves its benchmark exposure primarily through total return index swaps held in a wholly-owned Cayman Islands subsidiary, supplemented by cash equivalents and U.S. Treasury bills for collateral and liquidity, with a gross expense ratio of 0.28% and no issuance of Schedule K-1 tax forms, reporting instead on Form 1099. Launched on September 4, 2024, and domiciled in the United States, CERY trades on NYSE Arca under the ticker CERY and is managed by State Street Global Advisors (SSGA), part of State Street Corporation, with primary operations based in Boston, Massachusetts. In September 2024, SSGA introduced CERY as part of an expanded lineup of innovative ETFs, alongside SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (SPIN) and SPDR Bloomberg Emerging Markets ex-China UCITS ETF (XCNY), to enhance portfolio optimization tools amid growing demand for commodities exposure; the fund has since grown to approximately $628 million in assets under management as of late 2025, reflecting rapid adoption by investors seeking tax-efficient commodity strategies.