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Launched · SEC filings

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

BCDNYSE ArcaAberdeen InvestmentsB

$36.81+0.09 (+0.25%)

At close: Nov 5, 2026, 4:00 PM ET

B63/ 100

Rank 6 of 23 in Broad Commodity Futures

B63/100Rank 6 of 23inBroad Commodity Futures
Intraday session: up, 79 prints from 36.72 to 36.81. Range 36.70 to 37.14. Use the arrow keys to read each point.36.9037.0037.1010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$414M
1Y total return
+22.4%
Yield · Last 12 months
14.48%
Holdings
32
Avg volume · 30D
53.8K sh
52W range
low $30.87high $39.56
Launched
Filings
SEC EDGAR

The ETF.net BCD Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Broad Commodity Futures⁠
Rank
6 of 23
Six-pillar profile for BCD. Scores out of 100: Cost 77, Risk 68, Mission not scored, Tradability 55, Holdings 31, Durability 55. Strongest: Cost (77). Weakest: Holdings (31). Based on 5 of 6 pillars.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A77 out of 100
    Rank 6 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 8 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 11 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 14 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 12 of 23

Our read on BCD

ETF.net Research

In short

BThe patient cousin in the commodity aisle: the same broad Bloomberg basket, but bought three months further out the futures curve instead of at the front. Diversified commodity exposure, no Schedule K-1 in the mail.

Stated mandate

The Fund seeks to closely track, before fees and expenses, the Bloomberg Commodity Index 3 Month Forward Total Return Index.

Why people hold it

  • Tracks the Bloomberg Commodity Index 3 Month Forward, so it sits further out the curve rather than rolling front-month contracts, a different answer to the roll-cost problem.
  • 0.30% a year, well under the median fee in the broad commodity futures group, and one of the stronger implementations in that peer set.
  • K-1 free by design: shareholders get a 1099 instead of the partnership paperwork that follows many futures funds into April.
  • Roughly 30 futures positions spanning the all-commodity basket, so no single barrel or bushel steers the whole fund. Trading since 2017.

Worth knowing

  • It is structured as a commodity pool, not a standard stock-and-bond fund, so the rules and tax mechanics differ from an equity ETF.
  • Sibling fund BCI holds the front-of-curve version of the same basket for a slightly lower fee. The longer-dated tilt here behaves differently as the curve shifts.
  • Cash comes out annually or semiannually, not monthly, and the fund is moderately traded rather than one of the giants of the category.

BCD Performance

Launched Mar 30, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
BCD$12,238
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. BCD $12,238. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BCD. Periods over one year show the average yearly return.
PeriodBCD
Year to date+18.9%
1 month−4.7%
3 months+2.7%
1 year+22.4%
3 yearsper year+11.7%
5 yearsper year+9.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BCD
YearReturn barBCD
2026 YTD+18.9%
2025+15.6%
2024+6.2%
2023−7.6%
2022+18.4%
2021+31.7%
2020+4.7%

BCD in the news

BCD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
14.48%Last 12 months
Payout per share
$5.33Last 12 months
Last payment
$5.33 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.02; Dec 20, 2018 $0.37; Dec 19, 2019 $0.38; Dec 21, 2020 $0.33; Dec 21, 2021 $2.55; Dec 16, 2022 $1.80; Dec 15, 2023 $1.38; Dec 19, 2024 $1.13; Dec 30, 2025 $5.33. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$5.33
Dec 19, 2024Dec 20, 2024$1.13
Dec 15, 2023Dec 20, 2023$1.38
Dec 16, 2022Dec 21, 2022$1.80
Dec 21, 2021Dec 29, 2021$2.55
Dec 21, 2020Dec 29, 2020$0.33
Dec 19, 2019Dec 27, 2019$0.38
Dec 20, 2018Dec 28, 2018$0.37
Dec 18, 2017Dec 28, 2017$0.02

$10,000 in BCD 5 years ago paid $3,621 in dividends.

BCD Risk

Risk pillarB68 out of 100Rank 8 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.77
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.0%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.76
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BCD Cost

Compare BCD and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$1,792

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCD 0.30%

    $6,149

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • BCD 0.30%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BCD $6,149SDMF $4,357

Year by year

YearBCDSDMFOverpaying
10$545$383$162
20$2,113$1,491$622
30$6,149$4,357$1,792

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