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Launched

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

CERYNYSE ArcaA

$40.42+0.13 (+0.32%)

At close: Oct 13, 2026, 4:00 PM

A79/ 100

Rank 1 of 23 in Broad Commodity Futures

A79/100Rank 1 of 23inBroad Commodity Futures
Intraday session: up, 78 prints from 40.29 to 40.42. Range 40.22 to 40.54. Use the arrow keys to read each point.40.2540.3540.5040.5510 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$1.1B
1Y total return
+48.8%
Yield · Last 12 months
3.54%
Holdings
10
Avg volume · 30D
0.2M sh
NAV per share
$40.06
52W range
low $24.79high $40.57
Launched

The ETF.net CERY Grade

Based on 4 of 6 pillars

A

Score 79 out of 100

Category
Broad Commodity Futures⁠
Rank
1 of 23
Six-pillar profile for CERY. Scores out of 100: Cost 93, Risk 65, Mission not scored, Tradability 72, Holdings not scored, Durability 66. Strongest: Cost (93). Weakest: Risk (65). Based on 4 of 6 pillars.

Score 79 of 100 falls in the A 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.
    A93 out of 100
    Rank 2 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.
    B65 out of 100
    Rank 9 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 4 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 8 of 23

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 Oct 12, 2026
Asset class
Other
Holdings
10
Top-10 weight
100%
Largest holding
Ssi Us Gov Money Market Class79.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ssi Us Gov Money Market Class79.44%905,829,407$906M153
002—Trs USD Berytr6.09%1,563,067$69M1
003—Treasury Bill 10/26 0.000004.98%56,788,000$57M24
004—Treasury Bill 11/26 0.000002.89%33,065,000$33M16
005—Treasury Bill 11/26 0.000002.36%26,999,500$27M19
006—Treasury Bill 10/26 0.000001.69%19,306,000$19M24
007—Treasury Bill 12/26 0.000000.90%10,330,000$10M39
008—Treasury Bill 11/26 0.000000.79%8,997,000$9M16
009—Treasury Bill 10/26 0.000000.79%8,969,000$9M18
010—Us Dollar0.07%820,538$821K252

Showing 1–10 of 10 holdings

CERY Performance

Launched Sep 4, 2024

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.Not enough history yet.Not enough history yet.
CERY$14,877
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CERY $14,877. SPY $12,044. Use the arrow keys to read each point.$9,357$12,322$15,286Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+41.1%
1 month+1.1%
3 months+16.9%
1 year+48.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+41.1%
2025+15.8%
2024+3.9%

History from Sep 5, 2024

CERY in the news

Filtered to CERY · Broad Commodity Futures

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 Oct 12, 2026.
3.54%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.
14.3%
Annualised · 24 months to Sep 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.
1.40
vs 3-month T-bills · 24 months to Sep 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%
25 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 0.70%

No Broad Commodity Futures fund charges less.

CERY costs $28.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

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