BCD vs SDMF

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

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

BCD The 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.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

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

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

• BCD 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.

• SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
• Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
• Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
• Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

• BCD 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.

• SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
• A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
• The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full BCD profile⁠

Full SDMF profile⁠