The Hartford Schroders Commodity Strategy ETF (HCOM) is an exchange-traded fund that invests in a diversified basket of commodity futures contracts. Managed by Hartford Funds and Schroder Investment Management North America, the ETF offers exposure to commodity futures across sectors such as energy, agriculture, metals, and livestock.
As of February 2023, the net asset value of the ETF is approximately $300 million, and it trades on the NYSE under the ticker symbol "HCOM." The ETF has an expense ratio of 0.85%, which is relatively high compared to other commodity ETFs.
Investors who choose to invest in HCOM should be aware of the risks associated with commodities, including price volatility, changes in supply and demand, and political and regulatory risks. Additionally, the ETF's focus on commodity futures contracts could result in higher volatility compared to more diversified investment strategies. Nevertheless, exposure to a diversified basket of commodity futures contracts can offer investors a way to hedge against inflation or diversify their portfolio. As always, investors should conduct their own research and analysis before investing in any ETF.
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