Direxion Auspice Broad Commodity Strategy ETF
COM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Mar 30, 2017
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Auspice Broad Commodity Strategy ETF (COM) is an exchange-traded fund that seeks investment results, before fees and expenses, tracking the performance of the Auspice Broad Commodity Index (ABCERI), a rules-based, long/flat broad commodity index designed to capture upside returns while mitigating downside risk through trend-following signals. The fund provides exposure to a diversified portfolio of 12 commodity futures contracts across agriculture (corn, soybeans, wheat, cotton, sugar), energy (crude oil, natural gas, RBOB gasoline, heating oil), and metals (gold, copper, silver); positions in individual commodities can be long, flat (in cash or U.S. Treasury bills), or adjusted intra-month based on momentum trends, with month-end volatility-based reweighting and a smart contract roll methodology to optimize costs. It employs a 1940 Act structure with no K-1 tax forms, holding short-term fixed income securities as collateral and investing in commodities via a wholly-owned Cayman Islands subsidiary using derivatives like futures contracts. Launched on March 30, 2017, and listed on NYSE Arca, the ETF is managed by Rafferty Asset Management, LLC (Direxion), with sub-advisory input from Auspice Capital Advisors Ltd., a registered commodity trading advisor; it is domiciled in the United States with a gross/net expense ratio of 0.72%. The fund targets investors seeking broad commodity exposure without constant long-only risk, serving institutional and retail clients globally through exchange trading. Recent developments include the release of the COM Q1 2025 Quarterly Commentary on April 22, 2025, highlighting eight years of consistent performance amid volatile markets, alongside ongoing quarterly income distributions such as $0.25405 per share in June 2025 and $0.15928 in December 2024. No major acquisitions, funding rounds, name changes, or strategic reorganizations have been announced in the last 1-2 years; operational focus remains on index tracking efficiency, with Rafferty's contractual expense cap covering most costs beyond management fees. The ETF maintains stable positioning, with recent long exposure in crude light, heating oil, RBOB gasoline, gold, copper, and silver as of mid-2025.