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BCD

GradeANew York Stock Exchange Arca

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

Commodities · Aberdeen Investments · Inception 2017-03-30 · SEC filings

$39.03−0.02 (−0.04%)

As of Sep 23, 2026, 2:18 PM EDT

Intraday session: down, 47 prints from 39.05 to 39.03. Range 38.94 to 39.09. Use the arrow keys to read each point.$38.95$39.00$39.05$39.1010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$445M
1Y return
+34.8%
Yield · Last 12 months
13.65%
Holdings
31
Volume · 30D
0.1M sh
NAV per share
$39.01
52W range
low $30.87high $39.55

The ETF.net BCD Grade

A

70/ 100

Rank 3 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for BCD. Scores out of 100: Cost 86, Risk 68, Mission not scored, Tradability 62, Holdings 51, Durability 55. Strongest: Cost (86). Weakest: Holdings (51). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 70 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank4/23 · top 17%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank8/23 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 62
    Category rank6/23 · top 26%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 51
    Category rank7/15 · top 47%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank14/23 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BCD

ETF.net Research

AThe 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

  1. 01Tracks 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.
  2. 020.30% a year, well under the median fee in the broad commodity futures group, and one of the stronger implementations in that peer set.
  3. 03K-1 free by design: shareholders get a 1099 instead of the partnership paperwork that follows many futures funds into April.
  4. 04Roughly 30 futures positions spanning the all-commodity basket, so no single barrel or bushel steers the whole fund. Trading since 2017.

Worth knowing

  1. 01It is structured as a commodity pool, not a standard stock-and-bond fund, so the rules and tax mechanics differ from an equity ETF.
  2. 02Sibling 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.
  3. 03Cash comes out annually or semiannually, not monthly, and the fund is moderately traded rather than one of the giants of the category.

BCD Holdings

As of Sep 20, 2026, 5:01 AM
Asset class
Other
Holdings
31
Top-10 weight
68%
Largest holding
SSC GOVERNMENT MM GVMXX32.2%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SSC GOVERNMENT MM GVMXX32.21%283,666,606$284M89
002—GOLD 100 OZ FUTR FEB27 XCEC 202702246.20%123$55M1
003—US Dollar6.04%53,204,202$53M223
004—BRENT CRUDE FUTR MAR27 IFEU 202701295.28%514$46M2
005—WTI CRUDE FUTURE MAR27 XNYM 202702224.14%438$36M2
006—COPPER FUTURE MAR27 XCEC 202703293.07%160$27M2
007—NATURAL GAS FUTR MAR27 XNYM 202702242.93%910$26M1
008—SOYBEAN FUTURE MAR27 XCBT 202703122.83%370$25M2
009—CORN FUTURE MAR27 XCBT 202703122.82%912$25M2
010—LOW SU GASOIL G MAR27 IFEU 202703112.40%178$21M2
011—TREASURY BILL 10/26 0.000002.04%18,000,000$18M17
012—TREASURY BILL 10/26 0.000002.04%18,000,000$18M16
013—TREASURY BILL 11/26 0.000002.03%18,000,000$18M13
014—NY HARB ULSD FUT MAR27 XNYM 202702261.85%94$16M2
015—LME PRI ALUM FUTR MAR27 XLME 202703151.77%190$16M2

Showing 1–15 of 35 holdings

BCD Performance

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

BCD$13,485
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BCD $13,485. SPY $11,723. Use the arrow keys to read each point.$9,201$11,594$13,988Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+26.1%
1 month+2.1%
3 months+11.9%
1 year+34.8%
3 years+13.9%per year
5 years+12.2%per year
10 yearsFund is under 10 years old—per year

As of the close, 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+26.1%
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 Sep 22, 2026.
13.65%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

BCD Risk

How much the fund’s monthly returns vary, scaled to a year.
11.4%
Annualised · 36 months to Aug 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.
0.76
vs 3-month T-bills · to Aug 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.

BCD Cost

Expense ratio0.30%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

2 of the 21 Broad Commodity Futures funds charge less.

BCD costs $30.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.