DCMT offers broad exposure to commodities, encompassing industrial and precious metals, energy commodities, agricultural products, and livestock. The fund obtains exposure through commodity derivatives via subsidiaries outside the US, thereby avoiding K-1 tax forms. These contracts are linked to a multi-strategy index that favors commodities exhibiting backwardation. The fund employs carry, seasonality, and momentum factors to identify the most attractive contracts. Specifically, it aims to select futures with the best carry for the next month, static December futures tenor with the potential to outperform front-month contracts, and those consistently surpassing front-month contracts in the past year. Swap selection is based on the counterparties' cost, reliability, operational compatibility, and creditworthiness. Investments may include debts for additional total return. The fund uses leverage to amplify commodity exposure, matching its total asset value. DCMT may shift from the Barclays index to different strategies, such as exploring alternative commodities exposure.
公司网站 :
https://doubleline.com/funds/commodity-strategy-etf/#overview
总经理:-
建立时间:2024
公司总部:DoubleLine ETF Trust DoubleLine Commodity Strategy ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds