Elkhorn Fundamental Commodity Strategy ETF (RCOM) is an actively managed exchange-traded fund that seeks total return exceeding the Dow Jones RAFI Commodity Index through a smart beta strategy focused on fundamental commodity exposure. The ETF provides investors with diversified access to a broad basket of commodities via futures contracts, incorporating an intelligent roll strategy to mitigate contango effects; it emphasizes high-quality, short-duration bonds for collateral and collateral return enhancement. Launched in 2016 by Elkhorn Investments LLC, headquartered in Chicago, Illinois, RCOM targets institutional and retail investors seeking commodity allocation as a core holding within portfolios.
Elkhorn Investments, founded in 2013, designs and sponsors ETFs, SMAs, CEFs, structured products, and UITs drawing on research from partners including Research Affiliates, Dorsey Wright & Associates, S&P Dow Jones Indices, and Nasdaq. The firm operates primarily in the United States, serving advisors with innovative structures for uncorrelated returns and risk-managed strategies across asset classes. RCOM was recognized as the best new commodity ETF by ETF.com in 2017.
In a major strategic shift, Elkhorn Investments was acquired by Turner Investments in 2017, integrating its ETF platform and product development expertise with Turner's distribution capabilities and Veracen's technology to emphasize factor-based, model-driven approaches. The ETF ceased trading and became defunct on May 13, 2018, reflecting operational wind-down amid industry consolidation. No active operations or recent product relaunches for RCOM have been reported since delisting.