State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY)

The State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is an exchange-traded fund from State Street Global Advisors that provides broad commodity exposure through futures contracts.

The fund seeks to track the Bloomberg Enhanced Roll Yield Total Return Index, which covers energy, metals, agriculture and livestock and selects futures contract maturities with the aim of reducing the drag from rolling contracts in contango markets. It holds its futures through a subsidiary so that investors receive a Form 1099 instead of a K-1, and it keeps collateral in short-term government securities and cash equivalents.