BCI vs HGER

BCIAabrdn Bloomberg All Commodity Strategy K-1 Free ETF

HGERCHarbor Commodity All-Weather Strategy ETF (HGER)

In short

BCI Broad commodity exposure (energy, metals, grains, livestock) wrapped so your broker sends a 1099, not a K-1. It tracks the Bloomberg Commodity Index and charges one of the lowest fees in the broad-basket commodity aisle.

HGER Most commodity indexes weight by what the world digs up. HGER tracks a Quantix index that weights by what actually moves US inflation, with a gold sleeve that expands or shrinks depending on which kind of inflation shows up.

Stated mandate

BCI The Fund seeks to track, before fees and expenses, the performance of the Bloomberg Commodity Index Total Return SM.

HGER The Fund seeks to track, before fees and expenses, the Quantix Commodity Index.

Why people hold it

• BCI Charges 0.26% a year, against a peer-group median well north of 0.60%. In an aisle where commodity wrappers get expensive, that gap is the pitch.
• Futures sit inside a wholly owned Cayman subsidiary, which keeps the fund a 1940 Act fund and means a 1099 at tax time instead of a partnership K-1.sec.gov
• Its index caps any sector at 33% and any single commodity at 15%, reweighted annually, so crude can't quietly swallow the portfolio the way it can in production-weighted benchmarks.bbhub.io
• Trading since 2017 and now a multi-billion-dollar, actively traded fund, it sits among the strongest implementations in the broad commodity basket group.

• HGER The index screens commodities on their sensitivity to US inflation and on the cost of rolling futures, so roll drag is part of the selection math, not an afterthought.usnews.com
• Gold is not a fixed slice here. The methodology lets it carry a far larger weight ceiling than any other commodity when inflation looks monetary rather than supply-driven.tradingview.comharborcapital.com
• Commodity exposure runs through swaps held in a wholly owned Cayman subsidiary, the plumbing that keeps futures gains off a K-1 at tax time.usnews.comtradingview.com
• Sits in the upper half of the broad-basket commodity futures group, and it is a multi-billion-dollar fund that trades actively, so getting a fill is rarely the hard part.

Worth knowing

• BCI Returns come from rolling futures contracts, not warehoused metal or barrels, so the ride can diverge from the spot prices you see in headlines.sec.gov
• Cash payouts land once or twice a year at most. Commodities show up here as a diversifier, not an income stream.
• Sibling fund BCD runs the same commodity family with longer-dated contracts for 0.30%, a different answer to the roll question.

• HGER The 0.68% expense ratio lands right at the category median, but production-weighted trackers like BCI (0.26%) and CMDY (0.29%) charge roughly a third as much.
• Concentrated by design: the index runs a minimum of roughly 15 futures and the fund is classified as non-diversified, so one commodity can drive a lot of the ride.usnews.comtradingview.com
• Launched in 2022 under a different name and a different inflation index, switching to the Quantix index in 2023, so the earliest slice of its record reflects another recipe.tradingview.com

Full BCI profile⁠

Full HGER profile⁠