 The
Commodity Broad Strategy No K-1 ETF (COMB) is an exchange-traded fund
offered by GraniteShares that aims to provide exposure to a broad
range of commodity futures contracts. The fund uses a rules-based
methodology to select futures contracts from 20 different commodity
sectors, including energy, metals, agriculture, and livestock.
COMB seeks to provide investors with a simple, cost-effective way to
gain diversified exposure to commodities without the tax complexities
associated with K-1 reporting. The fund is structured as a Regulated
Investment Company (RIC), which allows it to avoid the K-1 tax
reporting typically associated with commodity ETFs structured as
Limited Partnerships.
The fund's holdings are comprised of a
diversified mix of futures contracts, with the allocation to each
commodity sector being equal-weighted. The portfolio is rebalanced
monthly to maintain the equal-weighted allocation to each sector.
COMB's expense ratio is 0.25%, which is relatively low compared to
other commodity ETFs. As of March 2023, the fund has approximately
$600 million in assets under management and trades on the NYSE Arca
exchange.
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