Commodity

CCRV

iShares Commodity Curve Carry Strategy ETF

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  • NAV as of Dec 10, 2024 $20.95
    52 WK: 19.47 - 22.15
  • 1 Day NAV Change as of Dec 10, 2024 0.04 (0.20%)
  • NAV Total Return as of Dec 10, 2024 YTD: 5.76%
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 0.43%
    Net Expense Ratio: 0.40%

Overview

Why CCRV?

1. Access to a rules-based “carry” factor strategy that selects 10 commodities that are most favorably positioned on the futures curve.1

 

2. Commodities carry strategies can help provide portfolio diversification, inflation protection, and the potential for outperformance.

 

3. CCRV is an exchange traded product that uses swaps to efficiently gain exposure to select commodities futures.

INVESTMENT OBJECTIVE

The iShares Commodity Curve Carry Strategy ETF (the “Fund”) seeks to track the investment results of an index composed of commodities with the top ten highest ranking roll yields2, on a total return basis, selected from a broad commodity universe.

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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) -0.78 11.74 - - 16.57
Market Price (%) -0.37 11.81 - - 16.62
Benchmark (%) -0.28 12.50 - - 17.32
After Tax Pre-Liq. (%) -3.47 3.61 - - 10.28
After Tax Post-Liq. (%) -0.51 5.29 - - 10.13
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.69 0.35 -4.31 -2.33 -0.78 39.51 - - 86.98
Market Price (%) 5.16 0.34 -4.20 -2.21 -0.37 39.77 - - 87.34
Benchmark (%) 5.13 0.38 -4.28 -2.15 -0.28 42.39 - - 91.87
After Tax Pre-Liq. (%) 4.69 0.35 -4.31 -2.33 -3.47 11.24 - - 49.09
After Tax Post-Liq. (%) 2.78 0.21 -2.55 -1.38 -0.51 16.71 - - 48.30
  2019 2020 2021 2022 2023
Total Return (%) - - 33.51 19.04 6.57
Market Price (%) - - 33.98 19.39 5.56
Benchmark (%) - - 34.18 20.00 7.28
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Key Facts

Key Facts

Net Assets of Fund
as of Dec 10, 2024
$44,003,836
Exchange
NYSE Arca
Benchmark Index
ICE BofA Commodity Enhanced Carry Total Return Index (USD)
Shares Outstanding
as of Dec 10, 2024
2,100,000
Premium/Discount
as of Dec 10, 2024
-0.16%
Closing Price
as of Dec 10, 2024
20.92
30 Day Median Bid/Ask Spread
as of Dec 10, 2024
0.19%
Fund Launch Date
Sep 01, 2020
Asset Class
Commodity
Bloomberg Index Ticker
MLCX3CRT
Distribution Frequency
Annual
CUSIP
46431W564
30 Day Avg. Volume
as of Dec 10, 2024
11,175.00
Daily Volume
as of Dec 10, 2024
10,642.00

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y)
as of Oct 31, 2024
0.20
12m Trailing Yield
as of Nov 30, 2024
6.91%
Unsubsidized 30-Day SEC Yield
as of Nov 30, 2024
4.38%
30 Day SEC Yield
4.40%
Standard Deviation (3y)
as of Oct 31, 2024
15.42%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Management Fee 0.40%
Acquired Fund Fees and Expenses 0.03%
Other Expenses 0.00%
Expense Ratio 0.43%
Fee Waivers 0.03%
Net Expense Ratio 0.40%

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for iShares Commodity Curve Carry Strategy ETF, as of Nov 30, 2024 rated against 97 Commodities Broad Basket Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
10.00
Data Coverage % as of Oct 31, 2024
76.00

Holdings

Holdings

Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Accrual Date Effective Date
Detailed Holdings and Analytics
Holdings are subject to change.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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