SDCI vs SDMF

SDCICUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

SDCI Most broad commodity funds hold a fixed, production-weighted basket. SDCI rebuilds every month, keeping the 14 futures showing the deepest backwardation, equally weighted. A roll-yield strategy in a No K-1 wrapper.

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

SDCI The Fund seeks long-term total return through exposure to a diversified group of commodities, primarily using futures contracts and related instruments.

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

• SDCI The index rebuilds monthly, keeping the 14 most backwardated of 27 eligible commodity futures at equal notional weight. It hunts roll yield instead of ranking commodities by production size.sec.gov
• The rules force all four primary sectors (petroleum, grains, industrial metals, precious metals) into the lineup, so the monthly rotation cannot pile entirely into one corner.sec.gov
• The name is the structure: a 1940 Act fund rather than a commodity partnership, so holders skip the Schedule K-1 paperwork that older futures funds hand out.
• Running since 2018 with assets in the hundreds of millions and moderate daily volume, it is an established option rather than a launch-week experiment.

• 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

• SDCI At 0.80% a year it sits above the typical broad commodity fund; plain-index rivals such as BCI (0.26%) and CMDY (0.29%) charge a fraction of that.
• It is actively managed, seeking exposure that corresponds to the SummerHaven index rather than replicating it, so fund and index can part ways.sec.gov
• Fourteen equal-weight slots and a monthly reshuffle mean sector weights swing widely, and a backwardation screen can leave headline commodities out of the basket.sec.gov

• 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 SDCI profile⁠

Full SDMF profile⁠