CMDT vs. BCDF ETF Comparison

Comparison of PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) to Horizon Kinetics Blockchain Development ETF (BCDF)

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$26.92

Average Daily Volume

45,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$23.60

Average Daily Volume

2,350

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CMDT	BCDF
30 Days	-0.30%	-4.67%
60 Days	3.27%	-4.82%
90 Days	5.10%	-1.33%
12 Months		13.03%

0 Overlapping Holdings

	Symbol	Grade	Weight in CMDT	Weight in BCDF	Overlap

CMDT Overweight 1 Positions Relative to BCDF

	Symbol	Grade	Weight
	MINT	A	7.88%

CMDT Underweight 4 Positions Relative to BCDF

Symbol	Grade	Weight
CACI	A	-6.55%
CBOE	C	-5.99%
ICE	C	-5.51%
CME	C	-4.58%

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Information Technology Services