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CERY

GradeANew York Stock Exchange Arca

State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

Commodities · SPDR · Inception 2024-09-04

$39.88+0.27 (+0.68%)

As of Sep 23, 2026, 3:04 PM EDT

History starts Sep 5, 2024.
Intraday session: up, 62 prints from 39.61 to 39.88. Range 39.62 to 40.18. Use the arrow keys to read each point.$39.60$39.80$40.00$40.2010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$1.2B
1Y return
+47.1%
Yield · Last 12 months
3.60%
Holdings
9
Volume · 30D
0.2M sh
NAV per share
$39.70
52W range
low $28.37high $40.34

The ETF.net CERY Grade

A

78/ 100

Rank 1 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for CERY. Scores out of 100: Cost 93, Risk 69, Mission not scored, Tradability 61, Holdings not scored, Durability 64. Strongest: Cost (93). Weakest: Tradability (61). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 78 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 93
    Category rank2/23 · top 9%

  • 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 69
    Category rank7/23 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank8/23 · top 35%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank7/23 · top 30%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on CERY

ETF.net Research

ABroad commodity exposure without the K-1 envelope. CERY tracks Bloomberg's Enhanced Roll Yield index, a rules-based long-only basket held through synthetic futures, and charges 0.28% in a category where the typical fee is far higher.

Stated mandate

The fund seeks to track the Bloomberg Enhanced Roll Yield Total Return Index, which represents diversified, long-only exposure to broad commodities through synthetic futures positions.

Why people hold it

  1. 01Costs 0.28% a year against a category norm nearer 0.68%. Fees bite hard in commodity futures funds, where there are no dividends to paper over the drag.
  2. 02Tracks Bloomberg's Enhanced Roll Yield index: rules-based, long-only commodity exposure via synthetic futures. Roll mechanics come from index design, not a manager's call.ssga.com
  3. 03Built as a 1940 Act fund, so shareholders get a 1099 rather than the partnership K-1 that many commodity futures vehicles send.ssga.com
  4. 04Sits with BCI and BCD at the low-fee end of the broad commodity futures group and rates among the strongest implementations in it.

Worth knowing

  1. 01Launched in 2024, so the record is short. The roll rules have not been tested across a full commodity cycle yet.
  2. 02Long-only by design. There is no short side, so a broad commodity downturn passes straight through to the fund.
  3. 03Distributions come once or twice a year. This is commodity price exposure, not a paycheck.

CERY Holdings

As of Sep 21, 2026, 3:47 PM
Asset class
Other
Holdings
9
Top-10 weight
100%
Largest holding
SSI US GOV MONEY MARKET CLASS76.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SSI US GOV MONEY MARKET CLASS76.20%925,295,018$925M146
002—TRS USD BERYTR6.39%1,496,432$78M1
003—TREASURY BILL 10/26 0.000004.66%56,788,000$57M17
004—TREASURY BILL 09/26 0.000004.66%56,619,000$57M19
005—TREASURY BILL 10/26 0.000002.71%32,914,000$33M21
006—TREASURY BILL 10/26 0.000002.21%26,918,000$27M12
007—TREASURY BILL 10/26 0.000001.58%19,306,000$19M16
008—TREASURY BILL 09/26 0.000000.84%10,225,000$10M23
009—TREASURY BILL 10/26 0.000000.74%8,969,000$9M15
010—US DOLLAR<0.01%878$878223

Showing 1–10 of 10 holdings

CERY Performance

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

CERY$14,714
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. CERY $14,714. SPY $11,723. Use the arrow keys to read each point.$9,099$12,234$15,370Sep 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 CERY. Periods over one year show the average yearly return.
PeriodCERY
Year to date+38.7%
1 month+2.9%
3 months+16.1%
1 year+47.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 CERY
YearReturn barCERY
2026 YTD+38.7%
2025+15.8%
2024+3.9%

History from Sep 5, 2024

CERY in the news

CERY 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.
3.60%Last 12 months
Payout per share
$1.43Last 12 months
Last payment
$1.43 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.14; Dec 29, 2025 $1.43. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$1.43
Dec 27, 2024Dec 31, 2024$0.14

CERY Risk

How much the fund’s monthly returns vary, scaled to a year.
14.6%
Annualised · 23 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.
1.38
vs 3-month T-bills · 23 months 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.
−14.3%
24 months · trough Jun 2026
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.
0.03
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.

CERY Cost

Expense ratio0.28%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

No Broad Commodity Futures fund charges less.

CERY costs $28.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.