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Non-Leveraged ETFs

Direxion Auspice Broad Commodity Strategy ETF

The Direxion Auspice Broad Commodity Strategy ETF seeks investment results, before fees and expenses, that track the Auspice Broad Commodity Index. There is no guarantee the fund will achieve its stated investment objective.

COM

NAV (Net Asset Value)$28.12As of Mar 04, 2024
1 Day NAV change$+0.12(+0.44%)As of Mar 04, 2024
Intra-day Value
COM.IV
Daily NAV
$28.12
Daily Market Price
$28.13
Expense Ratio
(gross/net %)
0.81 / 0.81*
Daily Volume
64,211
Security Identifier
25460E307
Inception Date
Mar 30, 2017

Overall Morningstar Rating

4 out of 5 stars

Overall Morningstar RatingTM out of 100 US Fund Commodities Broad Basket funds based on risk adjusted returns as of 12/31/2023.

Operational Updates

  • 01/30/2024
    2023 Year End COMmodity Recap
    Read Full Article
  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today

Documents & Downloads

Strategy & Benefits

Strategy Description

  • A 40 Act, non K-1 generating approach to commodity investing
  • Exposure to 12 commodities that can individually be long or flat (if a short signal is triggered the position is moved to cash)
  • The ability to make position changes intra-month based on trends
  • Month-end review where the position size of each component is modified if volatility exceeds certain predetermined risk levels
  • A “smart” contract roll approach designed to select cost effective futures contracts to roll into upon expiration of current contract.

Why Consider Long/Flat Commodities?

Most traditional commodity funds can only benefit if commodity prices rise. However, these long-only commodity strategies have shown to be inconsistent over time because:

  • Commodity returns are typically cyclical and sporadic
  • Individual commodity sub-sectors tend to perform dissimilarly in different market environments
  • Significant draw-downs can be damaging to the long-term performance of a portfolio

Within the inherently volatile commodity markets, a long/flat approach is potentially more adaptive to whip-sawing market conditions.

Fund Details

Component Sectors and Current Positioning

Metals Position (Long/Flat)
Copper Flat
Gold Long
Silver Long
Agriculture
Soybeans Flat
Corn Flat
Wheat Flat
Cotton Long
Sugar Flat
Energy
Crude Oil Flat
Natural Gas Flat
Gasoline Flat
Heating Oil Long

All data as of 02/16/2024 and is subject to change at any time and are not recommendations to buy or sell any security. When the positions within the various components are flat, they will be invested in cash and U.S. Treasury Bills. Individual components may vary based on risk levels.

 

Pricing & Performance

NAV and Market Price information as of 03/04/2024.

COM Direxion Auspice Broad Commodity Strategy ETF
Net Asset Value (NAV)
$28.12Nav
$+0.12Change
+0.44%Change
Market Price Closing
$28.13Market
$+0.15Change
+0.54%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
COM NAV
-0.21
-2.35
0.18
-2.36
7.42
7.50
5.33
0.81 / 0.81*
03/30/2017
COM Market Close
-0.07
-2.04
0.14
-2.12
7.30
7.52
5.33
0.81 / 0.81*
03/30/2017

As of February 29, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund as long as it is the advisor of the Fund other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, and extraordinary expenses. If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at www.direxioninvestments.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Auspice Broad Commodity Index (ABCERI) is a rules-based long/flat broad commodity index that seeks to capture the majority of the commodity upside returns, while seeking to mitigate downside risk. The Index is made up of a diversified portfolio of 12 commodities futures contracts (Silver, Gold, Copper, Heating Oil, Natural Gas, Gasoline, Crude Oil, Wheat, Soybeans, Corn, Cotton, and Sugar) that based on price trends can individually be Long or Flat (in Cash). One cannot invest directly in an index.

View Daily Fund Holdings

Index Comparison

Calendar Year Total Returns %
Return/Risk Characteristics of ABCERI vs Notable Broad Commodity Indices

ABCERI S&P GSCI4 BCOM5 DBC CI6
2011 0.54 -1.23 -13.37 -2.44
2012 -1.29 -0.34 -1.13 3.77
2013 -3.27 -1.28 -9.58 -6.60
2014 -8.97 -33.08 -17.04 -26.45
2015 -13.45 -32.90 -24.70 -26.72
2016 8.55 11.00 11.40 19.15
2017 -7.94 4.78 0.75 5.18
2018 -0.98 -15.43 -12.92 -12.84
2019 -3.06 15.17 5.44 10.60
2020 5.92 -23.97 -3.49 -7.85
2021 28.24 40.29 27.05 42.53
2022 8.71 23.52 13.79 18.86
2023 -6.02 -9.11 -12.58 -10.10

Data Range: 01/01/2011 – 12/31/2023.

Annualized Return1 1.52 -3.02 -2.58 -0.10
Total Return 22.03 -33.24 -29.10 -1.37
Annualized Std. Deviation2 8.84 21.56 14.56 17.53
Max Drawdown -43.08% -79.62% -66.09% -64.99%

Date Range: 01/01/2010 – 12/31/2023

1Annualized Return and past performance does not guarantee future results. Index returns and correlations are historical and are not representative of any Fund performance. Total returns of the Index include reinvested dividends. One cannot invest directly in an index.

2Standard Deviation is a measure of the dispersion of a set of data from its mean.

3Maximum Drawdown is the greatest percent decline from a previous high.

4S&P GSCI Excess Return Index (S&P GSCI), a composite index of commodity sector returns representing an unleveraged, long-only investment in commodity futures that is broadly diversified across the spectrum of commodities

5Bloomberg Commodity Excess Return Index (BCOM), a broadly diversified index that allows investors to track 19 commodity futures through a single, simple measure.

6Deutsche Banc Liquid Commodity Optimum Yield Index (DBC CI), an index composed of futures contracts on 14 of the most heavily-traded and important physical commodities in the world.

 

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.19525
09/20/202309/19/202309/26/20230.31414
06/22/202306/21/202306/28/20230.54710
12/21/202212/20/202212/28/20220.86080
06/23/202206/22/202206/29/20221.16408
03/23/202203/22/202203/29/20220.50349
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.19525
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.31414
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.54710
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.86080
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/23/2022
Ex Date06/22/2022
Pay Date06/29/2022
Income Dividend1.16408
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/23/2022
Ex Date03/22/2022
Pay Date03/29/2022
Income Dividend0.50349
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

Form 8937

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Overall Morningstar Rating

4 out of 5 stars

Overall Morningstar RatingTM out of 100 US Fund Commodities Broad Basket funds based on risk adjusted returns as of 12/31/2023.

Operational Updates

Documents & Downloads

How to Buy

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2023 Year End COMmodity Recap

It was a difficult environment for the broad commodity sector as evidenced by the fact that only three out of the twelve commodities which make up the strategy produced positive returns in the past calendar year.

COM Commodity quilt chart as of 12/31/2023

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