(BCI) abrdn Bloomberg All - Ratings and Ratios

The abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is designed to track the performance of the Bloomberg Commodity IndexSM (BCOM), a benchmark that represents a fully collateralized investment in a diversified basket of physical commodity futures contracts. The index is structured to provide exposure to a broad range of commodities, including energy, agriculture, metals, and livestock, with weights determined by liquidity and production levels. The fund achieves its investment objective by holding exchange-traded commodity futures contracts through a wholly-owned subsidiary domiciled in the Cayman Islands, allowing it to efficiently access global commodity markets. As a non-diversified fund, it may concentrate its investments in a limited number of commodities or sectors, which can lead to higher volatility compared to diversified portfolios.

The ETF provides investors with a liquid and transparent way to gain exposure to the commodities market without directly holding physical assets or individual futures contracts. By utilizing a Cayman Islands subsidiary, the fund aims to optimize its tax efficiency and operational structure, particularly for U.S. investors. The funds holdings are periodically rolled to maintain exposure to the underlying commodities, and it is designed to minimize contango effects that can impact futures-based investments. The BCOM index is widely regarded as a leading benchmark for commodity futures investments, with a focus on liquidity, diversification, and representation of global commodity markets.