CMDT vs. GCC ETF Comparison

Comparison of PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) to GreenHaven Continuous Commodity Index Fund (GCC)

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

$26.98

Average Daily Volume

47,623

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

GCC

GreenHaven Continuous Commodity Index Fund

GCC Description

The investment objective of the fund, through its investment in the Master Fund, is to reflect the performance of the index, over time, less the expenses of the fund and the Master Fund’s overall operations. The Master Fund pursues its investment objective by investing in a portfolio of exchange-traded futures on the commodities comprising the index, or the Index Commodities, and investing in United States Treasury securities.

Grade (RS Rating)

Last Trade

$18.87

Average Daily Volume

43,483

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	CMDT	GCC
30 Days	-1.86%	-0.47%
60 Days	3.46%	6.73%
90 Days	5.83%	11.86%
12 Months		13.87%

0 Overlapping Holdings

	Symbol	Grade	Weight in CMDT	Weight in GCC	Overlap

CMDT Overweight 1 Positions Relative to GCC

	Symbol	Grade	Weight
	MINT	A	7.88%

CMDT Underweight 1 Positions Relative to GCC

	Symbol	Grade	Weight
	USFR	A	-4.5%

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

GCC: Top Represented Industries & Keywords

Industries:

Keywords: Bond Collateralized Debt Obligation ETF Exchange Traded Fund Mortgage Backed Security U.S. Treasury